The Graduate Management Admission Council announced today a record 258,192 candidates appeared during the world wide tests conducted during the testing year 2011, against the earlier records of 2,65, 613 candidates during 2009 and 2,63,979 during 2010. The test of 2011 marks a 67% increase of Asian citizens as compared to 2007
Dave Wilson, President of GMAC attributes this increasing interest of Asian candidates to the advantage of the specialized Master’s Program over the typical MBA course in areas such as Finance and Accounting.
Unemployed undergraduates prefer to go in for this 1 year master’s program. It provides specialized job skills that most companies seek in the fields of Accounting and Finance. Younger and female candidates prefer this course. The World Geographic Trend Report for GMAT shows, 55 % of the candidates were from countries other than the US.
Graduate Admission Management Council (gmac.com), created in 1954 is a non-profit making organization based at Reston Va with regional offices at London, New Delhi and Hong Kong. It disseminates information about Graduate Management Education and is used by more than 5, 100 Graduate management programs at about 2,000 business schools worldwide. Being the only of its kind, equipped with standardized tests, it is available at 550 Test Centers in more than 111 countries