Global educational trends seem to be changing, and declining admissions to MBA programs in India and around the world are a determining factor in these changes. According to statistics released by the Higher Education Admissions Council, the number of admissions to MBA programs worldwide fell by 6.9 percent, with Canada being the only exception to receive the majority of MBA applications for the third year in a row.
Domestic applications in India show a positive cycle
According to Sangit Chowfla, GMAC CEO, domestic applications for MBA programs in India and China have shown a growth trend of 50 percent growth or 11 percent stability among the 28 programs responded in India. However, the percentage of applications in programs that have grown in the past is declining for the second year in a row.
The United States has witnessed severe decline
The United States has the world’s first two-year full-time MBA programs, but the number of applications for 47% of the best MBA programs offered by the country has fallen by 21%. As for the United Kingdom, only 61% of applications for MBA programs were received compared to the number of applications received last year.
The U.S. has seen a decline in the number of applications due to less chances of finding work in the U.S. after completing the course. Obstacles to obtaining a student visa, the political scenario, escalating discrimination, and security were the main reasons for the decline in the number of applications received for MBA programs in the United States.
On the other hand, the number of applications in Canada has increased due to the large number of global and domestic applications. In the case of global applications, the maximum percentage was obtained from Central and South Asia and then East Asia