Source: Financial Times
By Jonathan Moules,
Applications for places on courses drops nearly 7% in US
The body responsible for administering MBA entrance tests has for the first time since the financial crisis reported a fall in global demand for business masters degrees.
Applications for places on courses that started last month were down just 0.02
Demand for business school courses in the US has been falling for five years. But previously this had been offset by strong growth in the
Degree courses in
Sangeet Chowfla, GMAC president and chief executive, blamed the US decline on the country’s “disruptive” political atmosphere, dissuading overseas students from applying to American schools as well as increasing competition from schools in Asia and Europe.
“Non-US programmes continue to thrive,”
“One can begin to understand in part why demand in the US has dropped from
GMAC surveyed 1,087 graduate courses at 363 universities in 44 countries.
In contrast to the US, overseas students have bolstered application numbers at business masters degree courses in Europe and Canada.
Homegrown applications fell 11.2
Applications to Toronto’s Rotman School of Management are up 7
Half the current class of 335 students came from outside Canada, but few of these are Americans.
The aim is to draw in a broad range of people who can offer varied perspectives on business strategy because so much of the learning on the course is achieved through classroom discussion,
“We are trying to build a global school, where students can learn from people from across the world,” she said.
Applications to Duke University’s Fuqua School of Business, in North Carolina, were down 6
Bill Boulding, Fuqua’s dean, warned that maintaining economic growth would be hard without a new generation of people trained in business leadership, adding that more needed to be done to attract a broad range of applicants.
“Access is a critical issue facing higher education,”