According to a recent report from the Graduate Management Admissions Council (GMAC) which conducts the exam, today Asia is the fastest-growing region in the world for Graduate Management Admissions Test (GMAT).
Not only the Asian business schools have become more attractive, but the number of prospective students has also been increasing. The number of Asians taking the GMAT exam each year has jumped by a whopping 75 per cent. The number of score reports sent by GMAT test takers to Asian schools has also soared. Hundreds of business schools in Asia today receive three times as many score reports as they did five years ago. Schools worldwide, meanwhile, have seen just a 41 per cent increase in score reports received, GMAC executives say that Asia plays a leading role in the global economy and the strong GMAT activity they are witnessing is a sure sign of the high value that people in this region place on quality management education.
The GMAT exam is a standardised entrance exam used by many MBA and other graduate management education programmes around the world. According to GMAT, interest in management education is particularly strong in India and China. Most prospective business school applicants are still opting to take the GMAT for entrance into business school even as more MBA programmes are beginning to accept Graduate Record Exam (GRE) scores as an alternative. Among these two exams mostly students prefer GMAT. Twelve per cent said they would most likely to take both. The majority of prospective applicants report that they would take the GMAT over the GRE even though they consider the GMAT to be the harder of the two exams. The recent survey also showed that out of all the aspiring MBAs polled this year so far, approximately 47 per cent considered the GMAT to be more difficult than the GRE, with only 10 per cent saying they think the GRE is more difficult.
This story is from the July 2017 edition of The Observer of Management Education.
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This story is from the July 2017 edition of The Observer of Management Education.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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