GMAC: 70% Of U.S. Schools See Drop In Applications

Data from the Graduate Management Admission Council (GMAC) has shown a large, consistent drop-off in application volume at U.S. business schools. 

According to GMAC, which looked at graduate- and doctoral-level programs that saw a combined 466,112 applications during the 2018 application cycle, shows

1. U.S. business schools experienced a nearly 7% decline in application volume from last year.
2. A 1.8% decline in domestic applications
3. A 10.5% drop in international volume across all program types.
4. Most U.S. programs (53%) surveyed by GMAC reported application declines, including 70% of full-time two-year MBA programs.
5. Asia-Pacific programs had an 8.9% increase.
6. Canada realized 7.7% growth.
7.  Europe had a 3.2% increase in application demand across all program types

Demand for graduate business education is “stable” overall since application volumes are up in Europe, Asia-Pacific, and Canada.

Source: GMAC