MBA Trends - Increase in Demand

MBA Program

With globalization, there's a global movement toward university and post-secondary education. This development is deep in the international MBA marketplace. With this movement, there are a few generally shared tendencies which are and will be influencing the MBA student and marketplace. This guide is the first in a show about these MBA tendencies both on an international and a local market level.

Student Demand is Growing

According to a report done by the Graduate Management Admission Council (GMAC)--a worldwide nonprofit education organization--, there's been a pronounced rise in the requirement for an MBA education since 2006. This growth in demand is observed in most types of MBA education. Whereas there was a yearly average reduction of at least 10% year over year from 2003 to 2005, there's been a composite average growth of 42 percent in 2006 and 41 percent in 2007 when accounting for full-time, part-time, and executive MBA programs united. With the growing interest and demand to get an MBA education, there was a marked drop in the number of applications to the Ph.D. program for the 2007 academic year. According to GMAC, there was a 12% decrease in software in the U.S. market and over four times that reduction in different niches (1).

Observing a fundamental tenet of any MBA program, the demand and supply must equalize. This variable was shown to be an integral issue regarding trends in MBA education. One prescient report in 2003 notes," the present higher education infrastructure cannot accommodate the developing college-aged inhabitants and enrollments (2 )." Because of this, the strong growth in demand was marked by considerable expansion in MBA education choices globally. By way of instance, there were higher than eight times as many brands new MBA or even MBA-type programs introduced at the initial six weeks of 2007 than there were at the whole 12-month span of 1997 (3). This explosive growth could be viewed across the world.


By way of instance, in Russia, quotes are ranging from 6,000 to 7,000 MBA students analyzing in-country annually together with the massive majority of these being in Moscow (4). As with other markets, Russia has neighborhood programs, western universities, and mixtures of both popping up across the world. These students are studying in over 60 MBA programs along with Western and other institutions that provide programs in the country where they're based. New offerings in Moscow are being made accessible through suppliers which have been in the marketplace for a while for example Mirbis. Modern universities have been established with corporate financing such as the Skolkovo School of Business. New non-internet-based distance-learning possibilities like MBA Start have started. Additionally, exceptionally advanced e-learning MBA offerings from Indiana Wesleyan University have recently entered the marketplace through a partnership with VLC and GHP.

Employer Demand is Growing

At a revision for his bestselling book The World is Flat, Thomas Friedman encourages readers to better their understanding in whatever manner necessary for example returning for post secondary education. While most are employing this in the U.S., a much quicker growing variety of professionals are pursuing the same path of action globally. Because of this, companies are starting to get chances to utilize the MBA as a screening instrument on occasion. For highly rated consulting firms like McKinney & Company and advanced companies like the look-up giant Google, MBA training courses are ideal areas to locate new expert employees. This trend is beginning to be felt far away from the consulting kingdom as firms in a range of sectors like telecommunications, finance, production, etc., are considering MBA graduates and expertise as an essential requirement or an extremely beneficial determinant when analyzing applicants to join the management staff.

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