US, Europe MBA Programs to International Talent: We are Open for Business
Annual survey finds international applications to business schools soared back as domestic demand softened
Total applications to graduate business schools dipped from the pandemic-level spikes, slipping 3.4 percent year-on-year among a matched sample of programs, according to a survey report released today by the Graduate Management Admission Council (GMAC). This comes after application volumes increased 2.4 percent year-on-year in 2020 amid the start of the pandemic and sustained that level of demand in 2021, when schools reported a 0.4 percent year-on-year increase. As the pandemic’s effects on mobility lessened this admissions cycle, however, international applications saw a remarkable rebound, particularly for those applying to programs in the United States. Most US programs reported international application increases, especially full-time two-year MBA programs (80% of programs) and STEM-designated programs (61%). Similarly in Europe, most MBA programs either saw stability or more applications from abroad this year.
The largest and most widely cited survey of its kind in the industry, the GMAC 2022 Application Trends Survey was conducted between July and September with application figures submitted by 950 programs of 264 business schools in 33 countries worldwide. The survey aims to examine the rapidly shifting landscape of demand for graduate management education (GME) programs. An annual survey in its 24th year, the 2022 study reflects perhaps the end of the pandemic- disrupted years and offers insight into how the post-pandemic market may take shape.
Notably, most programs in Europe and Asia grew or maintained women’s representation in applicant pools. A majority of responding programs in Europe (58%) and Asia (57%) grew or sustained the number of applications received from women. In addition, more than half of US programs maintained or grew applications from underrepresented populations (URP), particularly master of data analytics (66%) and master in management (65%).
“I’m very pleased to see that women in Europe and Asia and underrepresented groups in the US are increasingly aspiring to pursue the business education that could empower and equip them to achieve their career objectives,” said Joy Jones, CEO of GMAC. “I commend the business school community for the encouraging trend that has grown from their concerted efforts to attract a diverse pool of talent.”
Other Key Findings
Applications to business master’s programs ticked up, riding the wave of international interest
Global applications to business master’s programs—including master in management, master of finance, and master of data analytics—grew year-on-year by 3.2 percent. All business master’s program types in the United States had a greater share of programs report increases in international applications than decreases, except for master of accounting. International applications to US programs were up at an especially high proportion of specialized degrees, including master of supply chain management (93%), master in marketing (76%), and master of data analytics (61%).
“The business master’s programs have traditionally been attractive to international candidates. As the pandemic-induced restrictions gradually ease and people learn to live alongside and cope with the virus, we expect international mobility to continue to bounce back,” said Isabelle Bajeux-Besnainou,dean and professor of finance at Tepper School of Business at Carnegie Mellon University and a member of the GMAC board of directors.
Asia retained more talent in-region while Canada experienced a reverse in application trends
Business schools in the Asia region were able to attract otherwise mobile candidates during the pandemic. While roughly equal shares of responding Asia programs reported total application volume growth and declines this year, those who experienced growth or stability saw it in both domestic (60%) and international applications (63%). This trend is consistent with GMAC’s survey of prospective students released earlier this year when the data suggest that candidates from some traditionally mobile regions of Asia may be increasingly opting to study domestically.
Canadian programs saw significant drops in both domestic and international applications. Among Canadian programs that responded to each of the last two years’ surveys, total applications were down 23 percent year-on-year, with 75 percent of programs reporting declines in domestic applications and 68 percent reporting declines in international applications. This reversal comes after years of consistently positive outcomes for Canadian schools dating back to 2017, coinciding with the reduction of visa availability in the US.
US flexible MBA programs gained traction despite declines in domestic demand for professional MBA programs
This year, slightly more than half of flexible MBA programs─ which allow their students to change between full-time and part-time status throughout their time in the program─ reported application volume growth. In addition, women accounted for 44 percent of flexible MBA applicants, which is higher than any other US MBA program type. At the same time, most professional MBA programs in the US received fewer applications this year, including online MBA (76% of programs), part-time MBA (75%), and executive MBA (67%). In fact, US online MBA programs saw a second consecutive year of application declines after a 2020 pandemic boom.
“With the job market being white hot and the Great Resignation reducing the total workforce, it is no surprise that programs offering the most flexibility were the most attractive to working professionals, especially women,” said Maite Salazar, chief marketing officer at GMAC.
Innovative Ideas and Breakthroughs from NMIMS MPSTME Civil Engineering
The department has published two patents, research papers at international conferences
The Civil Engineering department of NMIMS MPSTME has been making significant strides in the field of disaster management, flood resilience, and sustainable infrastructure. The department has published two patents, research papers at international conferences, and completed several student-led projects on topics such as renewable energy, groundwater modelling, and self-healing concrete.
The first patent, ‘Automated Flood Water Regulating Multipurpose System,’ proposes a novel approach to flood resilience by constructing multipurpose wells on the banks of rivers to discharge excess water and generate hydropower. The second patent, ‘Aqua Barrier,’ is an automated mechanism that can protect any flood-prone area, regardless of its size, from any disasters caused due to water.
The student-led projects are equally impressive, with topics ranging from low-volume rural concrete roads to oscillating tidal wave energy converters. These projects showcase the department’s focus on sustainable infrastructure, renewable energy, and innovative design.
The faculty at NMIMS MPSTME Civil Engineering department, led by Head, Dr. Meenal Mategaonkar and Research coordinator, Dr. Jigisha Vashi, played a vital role in guiding and mentoring students toward research excellence. Their expertise and guidance have enabled students to participate and win awards in prestigious competitions such as the CDRI’s ‘Imagining Disaster Resilient Structures’ and The University of Queensland’s ‘Engineering Design Challenge, and AAKAR at IIT Bombay.’
The department’s success is further evidenced by the achievements of its students in national and international conferences. Students presented their research papers in Scopus Indexed papers and conferences such as the 9th Indian Young Geotechnical Engineering Conference and the Eighth Indian Young Geotechnical Conference.
Dr. Meenal Mategaonkar, Head of the Civil Engineering Department, MPSTME, NMIMS, said, “The achievements of the NMIMS MPSTME Civil Engineering department demonstrate its commitment to developing innovative solutions for complex problems in the field of civil engineering. The department’s focus on sustainable infrastructure, disaster resilience, and renewable energy is essential for addressing the challenges faced by society today. It is a testament to the hard work and dedication of both students and faculty and their commitment to excellence.”
Embark on a Journey of Scientific Empowerment with NMIMS School of Science’s Innovative Programs!
The school is known for its strong emphasis on academic excellence, research, and innovation, and is recognized as one of the leading science schools in the country
SVKM’s NMIMS Sunandan Divatia School of Science (SDSOS) has officially announced the commencement of the admissions process for its Bachelors, Masters and Doctoral programs. The school is known for its strong emphasis on academic excellence, research, and innovation, and is recognized as one of the leading science schools in the country.
Aspiring students who are interested in pursuing a career in the field of science can now apply for various undergraduate, postgraduate, and doctoral programs offered by SDSOS. The Bachelor of Science (B.Sc.) programs are available in Applied Psychology, Biomedical Science, and Animation and VFX, while the Master of Science (M.Sc.) programs are offered in Chemistry, Biological Sciences, Applied Psychology, and Physiotherapy. The school also offers Ph.D. program in Science with various disciplines such as Chemistry, and Biological Sciences.
With a focus on creating industry-ready and research-savvy graduates, SDSOS has been at the forefront of imparting cutting-edge knowledge and practical skills through constantly evolving curriculums and state-of-the-art facilities and is situated in the heart of Mumbai.
Dr. Purvi Bhatt, I/C Dean, Sunandan Divatia School of Science, said, “The school provides a dynamic and inclusive learning environment that fosters creativity, critical thinking, and innovation. Our interdisciplinary approach to education prepares students for successful careers in science and beyond, while our emphasis on co-curricular and extracurricular activities ensures their holistic development.”
The school has a student-centric environment that supports research in niche areas of Science & Technology, state-of-the-art infrastructure, and equipment to enhance students’ hands-on skills, and a library facility that is constantly updated with the latest information. The labs at SDSOS provide modernised infrastructure and the latest equipment such as the animal tissue culture lab and the wet labs at the department of Biological Sciences offer cutting-edge technology to mould students into scientists.
School of Science offers a wide range of opportunities for students to explore their talents and interests, as well as gain valuable practical experience. The events and activities mentioned, such as Excalibur, National Science Day, Open day, Guest talks, Book Talk, Sports Day, Psych Film Fest, and club activities like photography and art, these programs provide a platform for students to demonstrate their abilities and gain insights from their peers.
The Future of Architecture Takes Center Stage at NMIMS BSSA
Leach is a co-founder of Digital FUTURES and an academician at the Academy of Europe
NMIMS Balwant Sheth School of Architecture was excited to host Open Studio 2022-23 program by the renowned architectural theorist and digital design expert, Neil Leach, on 28th March 2023 and the title was, “Tell me that AI ain’t scary”
Leach is a co-founder of Digital FUTURES and an academician at the Academy of Europe. Leach has published over 40 books on architectural theory and digital design, including “Architecture in the Age of Artificial Intelligence: An Introduction to AI for Architects” and “The AI Design Revolution: How AI Will Transform Architecture.”
In the lecture, Leach highlighted the potential threat that artificial intelligence (AI) poses to the field of architecture. With the recent launch of GPT4 and the growing capabilities of AI, there is concern among architects that their jobs may be at risk. Leach provided an informed overview of the current state of AI and its potential impact on the architecture profession.
“We are very happy and proud to host Professor Neil Leach at the school. As a leading school of architecture, we are committed to providing our students with a comprehensive education that equips them with the skills and knowledge needed to thrive in the rapidly evolving field of design. Our Open Studio program and public lectures, and talks by experts like Neil Leach, play a critical role in this mission by enabling students to learn from distinguished scholars and practitioners and engage with cutting-edge ideas and technologies. We are excited to continue providing these opportunities and look forward to seeing the impact they will have on the future of architecture and design,” said, BSSA Dean, Dr. Kaiwan Mehta. As the field of architecture continues to evolve, it is essential to stay informed about emerging technologies and their potential impact on the profession. NMIMS BSSA School enables students to learn from experts and engage with pressing issues in architecture and design. By inviting renowned scholars and practitioners like Neil Leach to share their insights and expertise, the school provides a valuable opportunity for students to expand their knowledge and deepen their understanding of the field.
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