RESTON, Va., Nov 18 (Bernama-GLOBE NEWSWIRE) — The Graduate Management Admission Council™ (GMAC™), a global association of leading graduate business schools, today released its anticipated annual 2021 Application Trends Survey. The survey of nearly a thousand MBA and business master’s programs found that in 2021, the volume of applications for graduate business school programs grew 0.4 percent from the year before, sustaining the elevated demand since the onset of a global pandemic in 2020 when business schools worldwide saw unusually high volume of applications due to the economic uncertainty.
“Candidates looked for alternative career options during the COVID induced recession and business schools introduced more flexible admissions policies, resulting in soaring application volumes last year,” said Sangeet Chowfla, president and CEO of GMAC. “The question was whether this was a fleeting event caused by the pandemic or the start of a new uptick in applications. In this context, the 2021 application cycle indicates that the surging demand for graduate business education is not a passing fad but has staying power beyond 2020.”