GMAT volume is slowly crawling out of its hole. It climbed 3.6 % worldwide, staying virtually flat in the US (up .12%) and growing a more robust 11% outside the US.
In parallel, and I don’t think it’s coincidental, USA Today reports a hefty increase in average MBA salaries for 2005 grads:
" The $106,000 salary and signing bonus was up 13.5% from 2004, according to a GMAC survey of 5,829 2005 grads. Salary alone increased to $88,600, surpassing the previous high of $85,400 set in 2001. The 2005 salary still trails 2001 by about $4,000 when adjusted for inflation, but the inflation-adjusted record will likely be broken this year."
Last year I predicted a slight increase in GMAT volume and suggested that MBA application volume was going to turn around. I was right. For next year, I predict that GMAT volume will increase more sharply. 2006 could see double-digit growth in MBA application volume, if we don’t already see that in 2005.