A few days ago we reported on the increase of graduate applications at U.S. institutions from international students. There was one field of study, however, that didn’t see such optimistic numbers—the field of business education.
According to the Council of Graduate Schools press release and to a recent Wall Street Journal article, the 25 largest U.S. graduate business programs saw a 4% decrease in international applications in 2011. Across all U.S. business schools, the number of foreign applicants was up 4%, small gains compared to the 12% increase seen by U.S. engineering and physical and earth sciences programs.
Other indicators for this lack of significant growth include the fact that GMAC only sent 78% of its scores to U.S. schools in 2010 compared to 83% in 2006. Also, in 2009 and in 2010, the number of international students taking the GMAT was more than the number of U.S. citizens taking the test. In other words, international interest in business school is up…just not at U.S. programs.
Plus, the most recent Financial Times rankings indicate that 24 of the top 50 business schools are on American soil. In 2007, this number was at 31.
“Schools throughout Europe, Asia and Australia have made huge investments in graduate education in general—more specifically, business school,” said James Wimbush, an Indiana University dean.
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