GMAC’s 2007 GMAT volume through November shows a significant increase in registrations and test takers over the same period in 2006. Actual test-taking worldwide has jumped 13% over last year with a dramatic 21.46% increase outside the US. Registrations climbed almost 12% overall and roughly 19% outside the US.
Via Manhattan GMAT comes another stat from GMAC: The mean average GMAT score has climbed 12 points in the past 2 years, from 525 to 537.
All these numbers mean that competition has intensified. It will be interesting to see what the credit melt-down does to MBA hiring, particularly among financial institutions and the investment banks smarting from bad moves in the sub-prime market. Since hiring is a big driver of MBA application volume, next year or the year after could see a decline in test-taking and applications if hiring declines.
But that’s in the future and speculative. This is a highly competitive year. If you want help with your round 2 applications, Accepted still has limited availability. Please see MBA essay editing.