The number of MBA aspirants taking the GMAT (Graduate Management Aptitude Test) has gone up by 11% in the past one year.
This is a record increase for GMAC (Graduate Management Admission Council), the owner of GMAT.
GMAT exam volume for the 2012 testing year (July 1, 2011,to June 30, 2012), was up 11% from the 2011 testing year. This was also 8% higher than the previous record of 265,613 in 2009, GMAC said in a press statement.
Indian citizens, the third-largest citizenship group, took 30,213 GMAT exams, a figure that increased 19% in 2012.
"Testing year 2012 has witnessed the highest ever GMAT volume in India till date. In addition to this, 128 programmes in India have received GMAT scores for admissions from Indian aspirants, a huge growth of 450% over the last five years. As Indian business schools are widening their search for candidates with a view to creating more diversity in their classroom, the GMAT offers an excellent pipeline of aspirants," said Ashish Bhardwaj, Regional Director, South Asia, GMAC.
Chinese test takers, the second-largest citizenship group after the US, represented 20% of global testing. In 2012, the number of exams taken by Chinese citizens increased 45% to 58,196 exams.
"GMAT testing outside of the United States continues to grow quickly. Tests taken by non-US citizens rose 19% in 2012and represented 59% of global GMAT volume," said GMAC.
The%age of exams taken by women hit 42.9% in 2012—a record for the third straight year.
“2012 was a remarkable year,” said David Wilson, GMAC president and CEO. “GMAT testing rose from 2011 to 2012 in all world regions. The number of programs receiving GMAT scores rose to an all-time high," he added.
Last year, wherein, GMAC launched the new GMAT Integrated Reasoning section, was a record year for the exam. A total of 286,529 GMAT exams were taken, with 831,337 score reports sent to 5,281graduate business and management programs around the world — all historic highs, the GMAC announced.
The record volume partially reflects increased interest in the exam brought on by the addition of the Integrated Reasoning section on June 5, 2012. Historically, test volume rises just before changes are made to a standardized exam as test takers opt for a familiar format at the transition.
“Today’s global students — who may be a citizen of one country, study in second and choose to work in a third — recognize the significance and the superiority of the GMAT examination gaining admission to the best management programs around the world,” Wilson added. “The record volume reflects an increase in graduate-level business and management programs that use GMAT exam to support their admissions decisions, in both MBA and other programs.
GMAC opened its India office ini February 2011, has its headquarters in Virginia (USA) and an office in London and Hong Kong.
“Business and management skills are needed more than ever in an ever increasing variety of organizations. Business schools have responded by offering a deeper portfolio of programs to meet these diverse needs,” Wilson said. “The number of score reports sent to MBA and other programs were both up, but those to the specialized masters programs grew even faster.”
The number of programs receiving scores was up 7% from 2011 and 21% from 2008.