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Number of GMATs Taken by European Citizens Up 30 Percent Since 2005

Posted: Apr 12, 2010

European Business Schools Command Growing Share of Global Market for Students.

According to recent data from GMAC, an ever increasing number of Europeans are taking the GMAT and subsequently applying to management programs within Europe itself. This rise reflects the growth in MBA studies globally in recent years, despite the financial crisis. Statistically speaking, in the period between 2005-9, there was a 30% rise in GMAT candidates in Europe, reaching 23,224. Interestingly, for the first time since the creation of the GMAT more than 50 years ago, the proportion of non-Americans taking the exam exceeded 50% in 2009.

According to Julia Tyler, executive vice president of member services and school marketing for GMAC, in the complex and challenging economic environment we face presently, the need for an MBA (or similar) is crucial, which is available at the highest standard in Europe. The global GMAT market is realising this, as reflected in a shift in where test takers send their scores: around 10% from 801,504 in 2009 were sent to programs in 10 European countries, with the UK and France leading the way. This is compared with 6.9% of 567,004 five years ago.

One of the main reasons for this is that Europeans are significantly shifting their focus from applying to US programs, in favour of those in their own continent. According to statistics, European citizens who took the GMAT in 2009 most favoured MBA studies at INSEAD, London Business School, and IESE Business School. In addition, London School of Economics and Political Science was very popular for all its courses, and Maastricht University similarly for its business program.

Read more details about the report.