NEW DELHI: Indians dispatched the largest number of applications to international business schools for full-time MBA programmes this year, piping the Chinese, who till last year occupied the numero uno position. India also drove the largest increase in number of international applicants compared with last year and China pulled back and registered the greatest decrease during same period.
Across all segments - full time, executive, online, part time, flexible and irrespective of duration - Indians topped all the charts for international applications sent out. The Graduate Management Admission Council, a global association of graduate business schools, released its annual 2021 Application Trends Survey on Wednesday. The survey of nearly 1,000 MBA and business master's programmes found that in 2021, the volume of applications for graduate business school programmes grew 0.4% from the previous year, sustaining the elevated demand since the onset of the pandemic in 2020 when business schools worldwide saw unusually high volume of applications due to economic uncertainty.
"Candidates looked for alternative career options during the Covid-induced recession and business schools introduced more flexible admissions policies, resulting in soaring application volumes last year," said Sangeet Chowfla, CEO of GMAC. In 2021, the volume of applications for GME programmes was flat (0.4%) compared to 2020. But, when broken down further, the weighted absolute year-on-year change in application volumes from international candidates showed an increase of 4.1% compared to a decline of 3.8% from domestic candidates.