Business Master's Degree Not a Substitute for an MBA
RESTON, Va., May 16, 2017 (GLOBE NEWSWIRE) -- Three in 4 prospective graduate business school candidates who hold a prior master's degree are considering enrolling in MBA programs, according to new research from the Graduate Management Admission Council (GMAC). Findings from the Council's 2017 mba.com Prospective Students Survey Report released today show that the MBA remains the predominant program format considered by candidates with both prior business master's degrees (61 percent) and non-business master's degrees (86 percent).
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0d5fa2ea-6ea2-4f4e-8fcb-38ffc02b4070
"These findings demonstrate that a business master's degree is not necessarily the end of graduates' business education," said Sangeet Chowfla, president and CEO of GMAC. "For many, their business master's degree is a stepping stone to continued professional development that may include an MBA down the road, in either a full-time or part-time format."
The findings of the mba.com Prospective Students Survey Report show that globally 22 percent of prospective business school candidates have a prior master's degree, with considerable regional variation. While 2 in 5 European candidates have a prior master's-level credential, the same is true of just 14 percent of U.S. candidates.
Demand for Business Master's Programs Continues to Grow
Fueled by growing candidate demand, non-MBA business master's programs continue to proliferate. Globally, the percentage of candidates considering only business master's degrees - such as Master of Finance, Master of Accounting, and Master in Management - has increased from 15 percent in 2009 to 23 percent in 2016. This rise in interest has been particularly strong among candidates from East and Southeast Asia and Western Europe, where now more than 2 in 5 candidates report considering only these program types.
Non-MBA programs and MBA programs attract distinct candidate pools seeking different outcomes. Candidates considering non-MBA business master's programs skew younger and the majority have little to no prior work experience. Compared with MBA candidates, individuals preferring business master's programs are more interested in developing their technical skills. MBA candidates are typically older, have more years of work experience, and are more interested in developing their managerial and leadership skills.
International Study Demand Remains Strong
Nearly 3 in 5 prospective business school students (59 percent) intend to apply to programs outside their country of residence, up from 44 percent in 2009. Most candidates seek study opportunities outside their country of citizenship to receive a higher-quality education (63 percent of respondents), to increase their chance of securing international employment (58 percent), and to expand their international connections (51 percent). One-third (34 percent) of candidates who prefer to study outside their country of citizenship intend to seek employment in the country where they prefer to attend school.
U.S. Remains Most Preferred Study Destination Though Candidate Preferences Are Shifting
Consistent with past research, more than 9 in 10 U.S. candidates prefer to study domestically (96 percent). Globally, among full-time MBA candidates looking to study outside their country of citizenship, 58 percent prefer to study in the U.S., down from 61 percent in 2009. Since 2009, there has been an increase in MBA candidates preferring to study in Canada (4 percent in 2009 vs. 7 percent in 2016).
There has been a similar shift in preferred study destinations among non-U.S. candidates interested in business master's programs. In 2016, 47 percent of non-U.S. prospective students interested in business master's programs expressed a preference for study in the U.S., down from 57 percent in 2009. Over time, a greater share of these candidates have shown interest in applying to programs in Western Europe (34 percent in 2016 vs. 30 percent in 2009), Canada (7 percent in 2016 vs. 4 percent (2009), and East and Southeast Asia (7 percent in 2016 vs. 4 percent in 2009).
Recent Immigration Policy Changes Having Impact on International Study Choices
Recent shifts in immigration policies may impact candidates' study destination preferences in 2017. Anticipated changes in U.S. immigration policies and last year's Brexit vote in the United Kingdom may make it more difficult for non-citizens to obtain student visas to study in those countries or to obtain work visas after graduation to seek employment, one of the main reasons for studying in those countries.
Since November 2016, a growing share of international candidates say they are now less likely to pursue a graduate business degree in the U.S. due to the U.S. presidential election results. The percentage of non-U.S. citizen mba.com registrants who say they are now less likely to study in the U.S. has grown from 35 percent in November 2016 to 43 percent in April 2017.
Early indications are that the British Brexit vote to leave the European Union may negatively impact international candidate demand to apply to U.K. business schools. In December 2016, among nearly 1,300 non-U.K. GMAT test takers surveyed about the Brexit vote, 45 percent indicated that the Brexit vote has made them less likely to study in the U.K. A country-level analysis reveals that Indian candidates are the most negatively influenced by the Brexit vote, with 58 percent reporting that it has made them less likely to study in the U.K. GMAC launched a second survey of non-U.K. GMAT test takers on March 29, the day the U.K. triggered Article 50 of the Treaty of Lisbon, which allows the U.K. to unilaterally quit the European Union. This survey closed on April 7 and showed the same percentage of candidates would be less likely to study in the U.K.
Education Costs and Financing Continue to Weigh Heavily on Candidates' Minds
The predominant reservation candidates have about pursuing a graduate business education revolves around costs. Approximately half of surveyed candidates indicate that not having enough money available to pay for their education (52 percent of respondents) and potentially having to take on large debts (47 percent) may prevent them from pursuing a graduate business degree.
The two most important financial aspects that candidates evaluate when deciding where to apply are total tuition costs and scholarship availability. Compared with 2009, candidates, on average, expect to cover a greater share of the cost of their education with grants, fellowships, and scholarships and a smaller share with parental support, loans, and employer assistance.
Analysis in the 2017 mba.com Prospective Students Survey Report is based on survey responses provided by 11,617 individuals who registered on mba.com between February and December 2016. To download the full report visit: gmac.com/prospectivestudents. For supporting graphics, visit the GMAC News Center .
About GMAC: The Graduate Management Admission Council (GMAC) is a global, nonprofit association of 220 leading graduate business schools. Founded in 1953, we are actively committed to advancing the art and science of admissions by convening and representing the industry and offering best-in-class products and services for schools and students. GMAC owns and administers the Graduate Management Admission Test® (GMAT®), used by more than 6,500 graduate programs worldwide, and the NMAT by GMAC(TM) exam, for entrance into graduate management programs in India. The Council is based in Reston, Va., with offices in London, New Delhi (Gurgaon) and Hong Kong. For information on assessments, study tools and services for candidates, visit www.mba.com. For information about The Council and our market intelligence, professional development opportunities and services for graduate management education, please visit www.gmac.com.
Jennifer Garfinkel; Director of Media Relations, GMAC
+1 (703) 668-9805 or email@example.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Graduate Management Admission Council via Globenewswire
Följ NASDAQ OMX
Abonnera på våra pressmeddelanden.
Senaste pressmeddelandena från NASDAQ OMX
Integrum uppmärsammas av Frankrikes president Emmanuel Macron och Stefan Löfven17.11.2017 19:02 | Pressmeddelande
PRESSINFORMATION 17 november 2017 Integrum blev vid fredagens EU-toppmöte i Göteborg som ett av få inbjudna att presentera bolagets tankestyrda proteser för Frankrikes president Emmanuel Macron och Stefan Löfven. Detta i samband med det strategiska partnerskap för innovation mellan Frankrike och Sverige som undertecknades vid mötet med mål att presentera konkreta framsteg inom två år. Integrum var utvalt som ett bra exempel på innovativt företag som utvecklar avancerade medicintekniska produkter där samspelet mellan människa och teknik skapar stort värde för användaren. Under mötet med president Emmanuel Macron och Stefan Löfven demonstrerades Integrums världsunika proteser som styrs med hjälp av tankekraft. Tekniken möjliggör att personer kan få en protes direkt kopplat till skelett, nerver och muskler utan att ha elektroder tillfälligt fästa utanpå huden. "Det är självklart mycket hedrande att I
CrownBio Launches an Innovative Grant Program to Fund Advancements in Preclinical Oncology Research17.11.2017 18:07 | Pressmeddelande
SANTA CLARA, Calif., Nov. 17, 2017 (GLOBE NEWSWIRE) -- Crown Bioscience, a wholly-owned subsidiary of Crown Bioscience International (TWSE:ticker 6554) and a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, announces the launch of a grant program supporting oncology research scientists which provides funding for projects that show promise for scientific advancement of Patient Derived Xenograft (PDX) technology. Research Grants up to $50,000 will be awarded to projects focused on accelerating the pace of preclinical innovation and novel PDX methodologies that improve clinical predictions with sound science. The program offers an opportunity for investigators to receive funding for projects that may not receive support through traditional funding channels. Submitted proposals will be reviewed and selected by CrownBio's Scientific Steering Committee with the goa
Barings Backs Sentinel Capital Partners in Acquisition of Nekoosa17.11.2017 17:00 | Pressmeddelande
CHARLOTTE, N.C., Nov. 17, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world's leading asset management firms, announced today that it served as Lead Agent on a senior secured credit facility to support Sentinel Capital Partners in its acquisition of Nekoosa ("Nekoosa" or the "Company"). Headquartered in Nekoosa, Wisconsin, the Company is a leading manufacturer of specialty paper and film products used in the graphics and commercial print markets, including application and pressure-sensitive tapes, specialty synthetic papers, sheeted digital and offset grade carbonless paper, and extruded film products. Nekoosa serves a highly diverse base of more than 70,000 commercial print and graphics shops in 65 countries. Barings served as lead senior lender on the transaction, which included a senior term loan and a revolving credit facility. "Sentinel is pleased to have Barings' support on our investment in Nekoosa," said Scott Perry, a partner with Sentinel Capital Partner
At SC17, ExaScaler and PEZY Computing Unveil Gyoukou Supercomputer with a High Combined Green500/Top500 Ranking16.11.2017 23:29 | Pressmeddelande
ExaScaler and PEZY Computing Also Take Top Three Green500 Positions DENVER, Nov. 16, 2017 (GLOBE NEWSWIRE) -- At SC17, ExaScaler and PEZY Computing unveiled their Gyoukou supercomputer whose Green500 and Top500 rankings attest to a unique combination of high efficiency and computing power. The Gyoukou supercomputer is installed at the Yokohama Research Institute in Japan. (Video: PEZY Liquid immersion cooling) PEZY supercomputers leverage 48V Factorized Power, a high efficiency, high density power distribution architecture. PEZY's CPUs are co-packaged with Vicor's Power-on-Package ("PoP") Modular Current Multipliers ("MCMs"), which enable efficient, direct 48V to sub-1V current multiplication at the XPU. ExaScaler and PEZY Computing also achieved the #1, #2 and #3 positions on the Green500. These supercomputer system installations also utilize 48V Factorized Power. Come see us at SC17 at Booth 633 where ExaScaler / PEZY Computing will be
ELS Educational Services, Inc. Launches New Vacation English Program Starting January 201816.11.2017 20:59 | Pressmeddelande
New York, New York, Nov. 16, 2017 (GLOBE NEWSWIRE) -- ELS Educational Services, Inc. - one of the leading language services providers worldwide - has launched a new vacation English language program, ELS Language Experience+, which is set to begin enrollment for January 2018. "Here at ELS, our students and their English language goals always come first, and we are proud to introduce ELS Language Experience+ as an exciting new addition to the many quality programs we offer them," said ELS Chief Operating Officer, Reiji Terasaka. "This conversation-oriented, flexible new vacation English program allows students to make the most of their English instruction while gaining an invaluable cultural experience at the same time." ELS Language Experience+ concentrates on everyday speaking, communication skills and discussion, within a flexible course structure (three or six hours of study per day). Courses offered include: Everyday English, Grammar in Action, D
Global SD-WAN Partnership between CallTower and Aryaka to Deliver High-Performance Cloud Communication Solutions to Global Enterprises16.11.2017 16:02 | Pressmeddelande
SAN MATEO, Calif., Nov. 16, 2017 (GLOBE NEWSWIRE) -- Aryaka, the leading global SD-WAN provider, today announced a new partnership with CallTower, an industry-leading unified communications and collaboration company, to provide global enterprise customers with fast and reliable, high-quality cloud service connectivity. CallTower's partnership with Aryaka will deliver improved performance of their unified communications solutions to global enterprise customers. CallTower has linked their data centers with the Aryaka global network to deliver secure, reliable connectivity with quality of service guarantees for mission critical real-time communication applications. CallTower Cisco and Microsoft unified communications solutions, including Cloud Contact Center customers will now be able to add Aryaka's global SD-WAN service to further optimize, and enhance reliability over a secure network. "In addition to our unified communications offering, we have seen tremendous growth i
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum