Asia shows increasing interest in management education
Asia is the fastest-growing region in the world for
GMAT. Not only the number of prospective students shows a huge increase, also
Asian business schools have become more attractive.
The number of Asian citizens taking the Graduate
Management Admission Test (GMAT) per year rose 75 percent between 2005 and
2009, more than twice the global increase in GMAT testing volume over the same
period. Meanwhile, the number of GMAT score reports sent each year by test
takers from around the world to business schools in Asia more than tripled
during the past five years.
The GMAT exam is a standardized entrance exam used by more than 4,750 MBA and
other graduate management education programmes at nearly 2,000 schools around
the world.
Interest in management education is particularly strong in India and China,
whose citizens together accounted for nearly 70 percent of the 79,096 GMAT
exams taken by Asians during testing year 2009. Indians sat for 30,633 GMAT
exams in 2009, up from 13,544 in 2005, and Chinese citizens accounted for
23,550 exams during the year, compared with 8,554 in 2005. Overall, Asians represented
30 percent of the GMAT exams taken globally in 2009, up from a 23 percent share
of the worldwide total in 2005.
Institutions across Asia are also attracting a growing share of GMAT score
reports, suggesting that prospective students are becoming more interested in
attending business school in the region. GMAT test takers directed almost
50,000—or more than 6 percent—of the 801,504 GMAT score reports generated to
schools in Asia. By comparison, Asian schools received just 15,000 GMAT score
reports in testing year 2005.
Within Asia, India drew the most GMAT score reports in 2009, followed by
Singapore, Hong Kong and mainland China. India and Singapore both saw the
number of score reports sent to schools on their shores surge more than 300
percent during the past five years. Still, Asian citizens continue to send most
of their score reports to the United States, which remains the world’s most
popular destination for GMAT scores. Among the top 10 Asian citizenship groups
that took the GMAT in 2009, only Singaporeans sent more score reports to
domestic schools than they did to U.S. schools.
|