GMAC has released the GMAT volume stats for the first quarter 2006. The year started slowly, but registrations in March 2006 outpaced registrations in March 2005. According to GMAC test-taking declined, rather sharply during the first quarter worldwide and domestically, but in March returned to typical levels. In additional registrations are now ahead of last year’s levels. GMAC attributes the decline to "to early issues with test center access. The Council has addressed these issues with Pearson VUE, and testing volume is back to expected levels."
The test-taking stats for the first quarter are surprising to me because I expected an increase. I believe the numbers will continue their March turnaround.
GMAT volume frequently is a leading indicator of application volume and I was wondering whether I should rethink my view that application volume will increase next year. For the moment, based on
- The number of inquiries I am receiving about next year,
- The March figures,
- GMAC’s report that "Currently, the number of test takers registered for the exam is higher for this period than it has been since 2003."
I am sticking by my prediction of increased MBA application volume next year.