The Graduate Management Admission Council announced in Hong Kong recently applications for full- time master of business administration programs has surged by 90% this year.
The GMAC’s application trends survey this year looked at 521 programs at 273 educational institutions worldwide. Two-thirds are US-based.
Findings show that 77% of full-time MBA programs have seen an increase in applications, while the total number of applications has jumped 90% compared with last year.
Dave Wilson, president and chief executive of GMAC, a business schools organization that owns the Graduate Management Admission Test, said,
‘The worse the economy gets, school is an attractive place to go to.’