Around 18,00 students have shown interest in the GMAT application trends as shown in the new GMAC survey. The survey shows that more than half of the prospective students affirm that admission exams improve reliability, fairness, and transparency in evaluating the students of B-schools.
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The annual survey of GMAT application trends shows the current market and the volume of applications from diverse regions. The students who are considering business master’s programs show that the journeys of domestic and international candidates vary in the context of pandemic-induced uncertainty. This suggests that business schools need to design data-informed strategies to balance growth in GMAT applications with the quality and diversity of enrolled students.
The GMAC survey shows the decline in the proportion of candidates applying for overseas Graduate Management Education. The report claims that they are concerned about the impact of COVID19 on their pursuit of GME in 2021. Also, the demand for GME in 2021 has increased as candidates show a willingness to explore different paths to achieve their career goals. This report identifies three notable drivers of growth in demand for GME which are employability, flexibility, and regional mobility.
Reconfiguration of the enrollment funnel
The GMAC report is based on data collected between July and December 2020 from a total of 2,515 individuals worldwide who indicated plans to enroll in a GME program in 2021.
This report also illustrates the diverse candidate journeys, emphasizing variations by putting forward the study destination (domestic vs. international) and wants program type (MBA vs. business master’s).
The students preferring to pursue GME in 2021 is seen that the level of concern about the impact of COVID-19 has been declining over time. The proportion of respondents has declined from 41 percent in July to 33 percent in December.
Specifically, 41 percent of international candidates planning to pursue a business master’s program report that they are very or extremely concerned about the impact of COVID-19 as compared to 27 percent of domestic candidates.
The pandemic situation has expanded the number of students considering GME as they discovered a lack of competitive skills in a job market. Overall, more than one-third of the prospective candidates (37%) reported that they wanted to apply for a job but lacked the required skills and/or degrees to be competitive. To be specific, Business Master’s-Domestic candidates were most likely to report a skill gap (50%), perhaps because they had zero or insufficient work experience to demonstrate skills for the job they wanted.
Here is the chart showing students considering GME:
These days women are embracing online learning at a higher level than men. Despite the challenges, many female candidates recognized the need to invest in GME for career advantage and were willing to adapt their plans to obtain the degree.
Here is the percentage of candidates reporting willingness to complete more than 30 percent of their graduate business degree online due to COVID-19
Gender | MBA-Domestic | MBA-International | Business Master’s Domestic | Business Master’s International |
---|---|---|---|---|
Female | 60% | 30% | 66% | 43% |
Male | 52% | 24% | 59% | 38% |
There is a certain percentage of students who strongly disagree with the fact that online classes provide the same importance and campus placement is done as the on-campus classes.
Gender | MBA-Domestic | MBA-International | Business Master’s Domestic | Business Master’s International |
---|---|---|---|---|
Female | 17% | 24% | 10% | 20% |
Male | 24% | 35% | 24% | 29% |
Around 37% of all candidates report that they are prompted to apply for a graduate business degree as they wish to apply for the job but they lack the appropriate skills to be competitive. Here is a table showing different triggers for pursuing GME:
Triggers | Overall | MBA-Domestic | MBA-International | Business Master’s Domestic | Business Master’s International |
---|---|---|---|---|---|
I always planned to pursue a graduate business education at this point | 58% | 52% | 61% | 48% | 65% |
Wanted to apply for a job, but lacked required skill, and/or degree to competitive | 37% | 39% | 33% | 50% | 36% |
Convenient time to go to school | 30% | 37% | 26% | 35% | 23% |
I realized I lacked specific knowledge in my current job | 21% | 18% | 24% | 24% | 21% |
I had the financial resources to apply | 20% | 22% | 18% | 29% | 19% |
From the survey, it is undeniable that the number of candidates aspiring for an overseas business degree has decreased a little bit. Check the details in the graph below here:
*The article might have information for the previous academic years, please refer the official website of the exam.
TAPMI’s WAT includes questions that are mostly related to general knowledge and current affairs. WAT is basically how strong you are in written skills. Try reading current affairs topics from there only. It's all about how you tell them. Write clearly point to point and do not use jargon or bug words. They don't fetch any more points. Just make your point clear.
PI mostly has questions derived from your past experiences, academics, and sometimes current happenings around the world. If you’re aware of and following at least one news source for around 4 months before your PI, you are good to go.
Read the form that you filled out. That's the first thing they are going to ask. Be confident and do not try to beat around the bush. If you do not know something it's ok as long as you say it. But that being said, do not go completely blank.
Several factors affect the chance of a candidate getting a seat in ISB Hyderabad. Not only the GMAT score, but also the application profile, essays, and performance in the interview combined together decides whether a candidate should get a seat or not in such an elite institute. The points listed below are some important aspects to consider for admission to such institutes.
This is the overall scenario for admission in ISB Hyderabad, for a student with an average profile.