GMAT growth driven by emerging markets
More people sat for the Graduate Management Admissions Test (GMAT), the required standardized test for most MBA programs, than ever before last year. According an estimate issued by the Graduate Management Admission Council (GMAC), which administers the test, more than 267,000 prospective MBA students took the test in 2009, compared with 264,700 in 2008. The growth is driven by the increased numbers of test-takers in developing countries. GMAT tests administered in China were up 35% year-on-year.
GRE wants to compete with GMAT by 2011
The Graduate Record Exam (GRE), designed and administered by the Educational Testing Service (ETS), is undergoing some structural changes to convince more business schools to accept it as an alternative to the GMAT. ETS plans to enhance the test’s verbal reasoning section, as well as making alterations to the quantitative and analytical writing sections. The score range will also be changed. More than 600,000 students took the GRE last year.
Harvard comes to Shanghai
Harvard Business School is to open its first overseas facility in Shanghai this year. The expanded immersion program is a bid to give both first- and second-year MBA students from Harvard the chance to experience business outside the US.
Chinese EMBAs move up the rankings
Four Shanghai Executive MBA programs have been named among the world’s top 50 by the Financial Times. The EMBA program run by Washington University and Fudan University ranked 12th in the world, while the China Europe International Business School’s (CEIBS) course ranked 26th. The Shanghai International MBA at Tongji University and a joint program run by the Shanghai National Accounting Institute with Arizona State University came in at 34th and 41st respectively.
Chinese universities could rival Oxbridge
Professor Richard Levin, President of Yale University, said China’s universities could rank among the top 10 elite academies in the world in the near future. He said that while the UK is cutting investment in higher education, China is spending at least 1.5% of its annual GDP on university education. As a result, China has doubled the number of higher education institutions from 1,022 to 2,263 in the past decade.
LSBF scholarship for Chinese students
The London School of Business and Finance (LBSF) is launching a Bank of Scotland International Scholarship to enable Chinese students to study for MBAs at LSBF. In addition to standard requirements, students must score above 6.5 on the IELTS English proficiency exam, be "established in a career" and have sufficient funds for living expenses.