Strong Regional Growth in Demand for Graduate Management Education

Asia-Pacific, Canada and Europe Regions See Gains; Strong Economy and Political Turmoil Continue to Impact U.S. Numbers

RESTON, Va., Oct. 01, 2018 (GLOBE NEWSWIRE) — Overall, demand for graduate management education is stable in 2018 compared with 2017 according to findings of the annual Application Trends Survey from the Graduate Management Admission Council. Applications to business school programs in the Asia-Pacific, European, and Canadian markets are up over 2017 while programs in the United States report a drop in volume. 577b04a2-ef19-4c7b-8ceb-f5e46f11b012

Across graduate business school program types—including MBA, business master’s, and PhD programs—most programs in Asia-Pacific, Canada and Europe received more applications than last year. Growth in the Canadian and European regions derive largely from increases in international applications, while domestic growth is fueling increases in Asia-Pacific.

Regionally, strong growth in application volume across all program types was offset by declines in the United States.  Programs in Asia-Pacific had an 8.9% increase, Canada realized 7.7% growth, and Europe had a 3.2% increase in application demand across all program types.

The United States experienced a nearly 7% decline, including a 1.8% decline in domestic application volume and a 10.5% drop in international volume across all program types.

“Demand for graduate management education is stable year over year,” said Sangeet Chowfla, GMAC president and CEO.  “However, there are significant regional variations. Non-U.S. programs continue to thrive, highlighting the continued emergence of enhanced educational and professional opportunities outside the United States.”

“Several factors can help explain the lag in U.S. business school demand,” Chowfla continued.  “A low unemployment rate means young professionals have an increased opportunity cost of leaving their jobs in pursuit of an advanced degree.  Combined with a disruptive American political environment and the emergence over the past decade of tremendous educational and professional opportunities abroad, one can begin to understand in part why demand in the United States has dropped from previously record-high application volumes at some schools.”

Student Mobility Remains a Key Determinant

The ability to attract top international talent continues to be a critical determinant to programs’ overall application volumes. This year, 65 percent of Canadian programs and 63 percent of European programs report an increase in international applications over 2017. The majority of applications received by Canadian and European programs this year are from international applicants.

Most programs in the United States report declining demand as non-U.S. students continue to identify attractive educational and professional opportunities elsewhere. Application volumes from domestic candidates are also soft this year for U.S. programs, with only 4 in 10 reporting growth in domestic application volume.

“Access is a critical issue facing higher education,” said Bill Boulding, dean of Duke University’s Fuqua School and chairperson of the GMAC board of directors. “Economic indicators in the U.S. are strong, but if we are to maintain such growth and productivity we need to make it possible for people from all different regions and backgrounds to study and work in the location they desire. If that doesn’t happen, we limit not only the possibility of an individual, but also continued economic prosperity in the U.S. and growth around the world.”

MBA and Business Master’s Programs

Full-time, two-year MBA programs are still the most in-demand program type. Overall, MBA and business master’s programs report a similar volume of applications in 2018 compared with last year.

The majority of European Master in Management and Master of Finance programs report growth in demand.  A bright spot for U.S. programs are Master of Data Analytics programs, most of which report application volume growth this year. Counter to the overall trend, more US Master of Data Analytics programs report international application growth than domestic application growth in 2018.

Additional Key Findings

  • GMAC conducted its 19th annual Application Trends Survey from early June to mid-July 2018.
  • The survey findings are based on responses from 1,087 graduate business programs at 363 universities worldwide.
  • Participating programs are located in 44 countries, including 43 states and the District of Columbia.
  • Participating programs, which include MBA, business master’s, and doctoral-level programs, received a combined total of 466,112 applications during the 2018 application cycle.
  • Nine in 10 participating programs report that the applicants this year are similarly or more academically qualified than candidates last year.

About GMAC
The Graduate Management Admission Council (GMAC) is a non-profit association of leading graduate business schools worldwide. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test® (GMAT®) is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC™ (NMAT®) exam, for entrance into graduate management programs in India, South Africa, and the Philippines, and the Executive Assessment (EA), specifically designed for Executive programs around the world.

Our flagship portal for graduate management education resources and information, www.mba.com, receives 14 million visits a year and features the School Search matching tool and Graduate Management Admission Search Service® (GMASS®) database, matching candidates and business schools.

GMAC is a global organization with offices in Hong Kong, China, Gurugram, India, Singapore, London, United Kingdom and the United States. To learn more about our work, please visit www.gmac.com.

Media contact:

Geoffrey Basye, Director of Media Relations, GMAC
+1 (703) 668-9799 or gbasye@gmac.com

 

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307 service personnel yet to report to duty in Eastern Region

Koforidua, Mr Benjamin Oduro Asante, the Eastern Regional Director of National Service Secretariat (NSS), has said 307- graduate National Service Personnel (NSP) posted to the region are yet to report for validation.

He said the total number of graduates from tertiary institutions posted to the region this year was 8,894.

Mr Asante said this in an interview with the Ghana News Agency (GNA) at the end of the validation process for the graduates from the tertiary institutions.

He said in addition to the graduates from the tertiary institutions, about 2,462 qualified nurses were also posted to the region.

The Eastern Regional Director of NSS said currently, about 1,231 of the qualified nurses have validated their registration since the process started in September.

He said this year’s registration and validation saw great improvement as compared to last year’s in terms of organization and method used.

Online registration, booking of appointment for validation and employing photocopier machines contributed to ease and fast validation process by the NSS, he said.

Mr Asante said the secretariat used to run a fish farm where some of the service personnel assisted in its management and currently has a maize farm at Anweabeng, in the East Akim District of the Eastern Region.

Source: Ghana News Agency

Apenkwa Presby celebrates 150th anniversary

Accra, Reverend Dr Victor Okoe Abbey, Acting Moderator of the Presbyterian Church of Ghana, has called on Christians to open a new chapter by refraining from acts which would reverse the wheels of development.

He said Christians will be doing disservice to the nation if they did not allow the teachings of Jesus Christ to reflect in their lives.

Reverend Abbey was speaking on Sunday at the 150th anniversary celebration of the Presbyterian Church of Ghana at Apenkwa in Accra.

The event was held under the theme: Thus Far the Lord Has Brought Us; Building on the Foundation Already laid.

Reverend Abbey attributed the country’s socio-economic woes to the mad rush of Christians for monetary gains instead of seeking their spiritual well-being.

He commended the founding fathers of the church for laying a good foundation which has had a positive influence on many lives in the society.

Mrs Elizabeth Sackey, Deputy Greater Accra Regional Minister, urged them to attend to issues of sanitation with seriousness and help improve the outlook of the community.

She urged parents to instil in their wards a sense of discipline worthy of emulation.

Mrs Sackey appealed to religious leaders to use the pulpit to educate their members on government’s policies and programmes.

Reverend Samuel Adom Adjah said the church was putting up a manse to accommodate the ministers.

He commended the Basel Missionaries and the pioneers whose effort, toil and sweat brought the church to the community.

Source: Ghana News Agency

Apenkwa Presby celebrates 150th anniversary

Accra, Reverend Dr Victor Okoe Abbey, Acting Moderator of the Presbyterian Church of Ghana, has called on Christians to open a new chapter by refraining from acts which would reverse the wheels of development.

He said Christians will be doing disservice to the nation if they did not allow the teachings of Jesus Christ to reflect in their lives.

Reverend Abbey was speaking on Sunday at the 150th anniversary celebration of the Presbyterian Church of Ghana at Apenkwa in Accra.

The event was held under the theme: Thus Far the Lord Has Brought Us; Building on the Foundation Already laid.

Reverend Abbey attributed the country’s socio-economic woes to the mad rush of Christians for monetary gains instead of seeking their spiritual well-being.

He commended the founding fathers of the church for laying a good foundation which has had a positive influence on many lives in the society.

Mrs Elizabeth Sackey, Deputy Greater Accra Regional Minister, urged them to attend to issues of sanitation with seriousness and help improve the outlook of the community.

She urged parents to instil in their wards a sense of discipline worthy of emulation.

Mrs Sackey appealed to religious leaders to use the pulpit to educate their members on government’s policies and programmes.

Reverend Samuel Adom Adjah said the church was putting up a manse to accommodate the ministers.

He commended the Basel Missionaries and the pioneers whose effort, toil and sweat brought the church to the community.

Source: Ghana News Agency

MTN Foundation supports International Day of Older Persons

Accra, The MTN Foundation on Monday partnered the Ark Foundation to provide free health screening for older persons as part of its contribution towards the commemoration of International Aged Day.

The health screening was part of the activities planned for the aged at the University of Ghana (UG) Centre for Ageing Studies as part of the day’s celebrated worldwide on the theme: Celebrating Older Human Rights champions.

Madam Cynthia Mills, the Economic Empowerment Advisor for the MTN Foundation, said MTN sponsored the health screening exercise because there was the need to provide support for the aged.

They were those who cared for us when we were younger, she said.

She noted that, the Foundation does a lot to support the aged in the community and that MTN Foundation regularly organised special programmes for the aged.

Madam Mills said: This year, for lots of the festivals in the country that we’ve celebrated, we organise health screening specifically for the aged.

We also commenced an awareness creation campaign on the need to assist our elderly because they need us, she added.

Speaking in interview with the Ghana News Agency, Professor Charles Mate-Kole, the Director of the Centre for Ageing Studies of the College of Humanities at the UG, said the centre, which was two years needed infrastructure support to aid its operations.

He urged Pastors who were fond of tagging the elderly as witches to desist from such action as it leads to the early demise of the elderly out of loneliness and challenged the young people to the initiative of visiting their elderly at least weekly or monthly.

Prof Mate-Kole said the Centre needed a lot of funds to continually organise research conferences, colloquiums, and workshops among others to help create more awareness among the Ghanaian populace on how to understand older persons as well as relate well with them.

He said there was the need to fight for older people’s right adding, older people who never worked in the public sector do not get any form of pension benefits to support themselves and if their children also forgot to give them some form of help, they are helpless.

Rev Dr Samuel Ayete-Nyampong, a member of the Centre urged government to pay special attention to provide adequate assistance with older person because all persons were entitled to benefit from the national cake.

He said there was the need to share the national cake to reach the older persons through the establishment of facilities that would help in caring for the elderly and giving them free access to public facilities.

Resolution 45/106, passed by the United Nations General Assembly on December 14 1990, declared October 1st to be the International Day of Older Persons.

Source: Ghana News Agency