Global education trends seem to be changing and a decline in admissions in MBA Programs in India and globally is a determinant of this change. As per the statistics published by Graduate Management Admission Council, admissions to MBA programs have declined by 6.9 per cent globally while Canada was the only exception having received a majority of MBA applications for the third consecutive year.
Domestic Applications In India Show A Positive Cycle
As stated by Sangeet Chowfla, the CEO of GMAC, domestic applications for MBA programs India and in China have shown an upward trend with a growth of 50 per cent or stability of 11 per cent among 28 responding programmes in India. The percentage of applications in programs that witnessed growth in the past, however, fell for the second consecutive year.
The US Witnessed A Stern Decline
The US has the world’s top-ranked full time two year MBA programs but it saw a decline of 21% in the applications for 47 per cent of the top MBA programs offered by the nation. As for the United Kingdom, only 61 per cent applications were received for the MBA programs as compared to the number of applications received last year.
The US has seen a decline in applications owing to lesser chances of procuring a job in the US after the completion of the course. Obstacles in acquiring a student visa, political scenario, escalating discrimination and safety were the major reasons leading to a decline in applications received by MBA programmes in the US.
On the other hand, Canada saw an increase in applications due to a high number of global and domestic applications. In the case of global applications, the maximum percentage was received from Central and South Asia followed by East Asia