In India, an MBA degree from a well known institution means that your future is secured and now you can think of settling down. So it comes as no surprise that the number of applications to the management schools in the country is on a constant rise and students are turning towards studies to secure their future.
According to the GMAC, the official organizer of the prestigious GMAT examination, more than 50% of the two-year MBA programmes which intake students based on their GMAT scores have reported a surge in the number of overall applications. In Asia close to 90% of the GMAT affiliated MBA programmes registered an increase in the number of applications.
But on the other hand, about 60% of full-time one-year MBA courses in the Asia-Pacific region said that their applicants have reduced in number over the years.
According to the vice Chancellor of Flame University, Devi Singh, "The MBA has been and will remain one of the most sought after qualifications for starting a professional career. It is heartening to see the quantity of applications going up after a consolidation phase in the most recent couple of years. It additionally mirrors a positive turn in the investment cycle, particularly for India. As India's development gets and stays upwards of 7-8% the interest for MBA will keep on developing."
In consolidated terms, the full-time 1 year long MBA programmes witnessed a change of fortunes in the year 2015, with over half of the programs saying that their number of applicants have increased in comparison to the last year, when over 60% of these courses saw a dip in the candidates' volume.
2015 has been a balancing year for the executive MBA programs across the world. While 43% institutes say that their applications have soared this year, about 41% say that it has been a downward trend for them. While the remaining 16% didn't witness mush fluctuations as compared to the figures of the last year. According to the report, the major reason behind the decreasing applicants for some part-time MBA and executive MBA programmes is the lack of accessibility of employer tuition assistance.