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Vom Innenleben zur Außenwelt: Wie Frauen und die Generation Z in ihre wirtschaftswissenschaftliche Ausbildung investieren

Umfrage zeigt, dass das Interesse am Technologiesektor fr eine Karriere nach der Schule stagniert, whrend die USA aufgrund der wieder steigenden Mobilitt weiterhin globale Talente anziehen

RESTON, Virginia, April 11, 2023 (GLOBE NEWSWIRE) — Menschen, die darber nachdenken, wieder eine Business School zu besuchen, sind eher daran interessiert, ihr Leben zu bereichern als ihr Einkommen zu erhhen, so eine Umfrage unter angehenden Studierenden in der weiterfhrenden Managementausbildung, die vom Graduate Management Admission Council (GMAC), einer weltweiten Vereinigung fr fhrende Business Schools, verffentlicht worden ist. 79 Prozent der angehenden Studierenden weltweit sind motiviert, einen betriebswirtschaftlichen Abschluss zu erlangen, um ihr Leben zu verbessern und ihr Potenzial zu entfalten "" 15 Prozentpunkte mehr als der nchstbeste Motivator, die Einkommenssteigerung.

Darber hinaus geben Frauen, Millennials, US–amerikanische Bewerberinnen und Bewerber aus unterreprsentierten Gesellschaftsschichten und Studieninteressierte der ersten Generation statistisch gesehen mit hherer Wahrscheinlichkeit an, dass sie nach ihrem Studium eine Karriere im staatlichen oder gemeinntzigen Sektor bevorzugen, der tendenziell stabiler und sozial engagierter, aber weniger lukrativ ist als der private Sektor. Die Generation Z hingegen ist am strksten daran interessiert, in die Finanz– und Buchhaltungsbranche einzusteigen, und gibt als wichtigsten Motivatoren fr das Absolvieren einer weiterfhrenden Managementausbildung mit etwa 10 Prozentpunkten hherer Wahrscheinlichkeit als ihre lteren Kollegen die Steigerung ihres Einkommens und die Erweiterung ihres Netzwerkes an.

"Als Reaktion auf hufige Anfragen unserer Schulen haben wir in diesem Jahr zustzliche Fragen in unserer Umfrage gestellt, da sich die Demografie der angehenden Studierenden deutlich verndert hat. Das Verstndnis fr die Kandidatinnen und Kandidaten aus der Generation Z "" der mittlerweile grten Generation, die sich an Business Schools bewirbt "" ist entscheidend fr die Planung von Studiengngen zur Erweiterung der Pipeline in der Zukunft", so Joy Jones, CEO des GMAC. "Wir wollen die Trends bei Frauen, der ersten Generation und US–amerikanischen Bewerberinnen und Bewerbern aus unterreprsentierten Gesellschaftsschichten genauer unter die Lupe nehmen, um die Schulen mit dem Wissen auszustatten, das sicherstellt, dass jeder talentierte Mensch von der fr ihn besten Wirtschaftsausbildung profitieren kann."

Vollzeit–MBA–Studiengnge dominieren weiterhin, whrend persnliche Erfahrungen bei der Generation Z besonders beliebt sind

Seit 2019 ist der zweijhrige MBA der bevorzugte Studiengang unter den Bewerberinnen und Bewerbern auf der ganzen Welt. In diesem Jahr hat der einjhrige MBA diesen als beliebtester Studiengang berholt, obwohl der Unterschied uerst minimal ist. Insgesamt bertrifft der Vollzeit–MBA jeglicher Dauer weiterhin das Interesse an flexibleren oder Executive–MBA– und betriebswirtschaftlichen Masterstudiengngen.

Die Generation Z interessiert sich am meisten fr den zweijhrigen MBA und die Millennials fr den einjhrigen MBA. Obwohl die Angehrigen der Generation Z als Digital Natives aufgewachsen sind, haben sie auch eine starke Vorliebe fr ein persnliches Studium. 80 Prozent der Generation Z geben an, dass sie diese Art des Studiums bevorzugen, verglichen mit 69 Prozent der Millennials. Dies knnte ein Hinweis darauf sein, wo sich die einzelnen Generationen in ihrer Laufbahn befinden "" ltere Kandidatinnen und Kandidaten haben vielleicht mehr etablierte Netzwerke oder mehr Verantwortung am Arbeitsplatz oder zu Hause, whrend jngere Kandidatinnen und Kandidaten eher daran interessiert sind, ihre Netzwerke zu erweitern, und ihnen der Einstieg und Ausstieg in/aus betriebswirtschaftliche/n Studiengnge/n leichter fllt.

Flexibilitt spricht Bewerberinnen an "" jetzt, da das Interesse am Technologiesektor stagniert

Es ist zutreffend, dass die allgemeine Prferenz fr das persnliche Lernen bestehen bleibt. Aber Online– und insbesondere Hybrid–Studiengnge haben sich bei den Gruppen durchgesetzt, die am ehesten von der Flexibilitt profitieren, die sie bieten, insbesondere Frauen, Kandidatinnen und Kandidaten der ersten Generation und Millennials.

"Es besteht kein Zweifel daran, dass diese Studiengnge eine wichtige Rolle fr die Gleichwertigkeit der weiterfhrenden Managementausbildung insgesamt spielen, da sie Kandidatinnen und Kandidaten anziehen, die auf eine flexible Durchfhrung des Studiums angewiesen sind und andernfalls vielleicht kein Wirtschaftsstudium absolvieren wrden", so Anthony Wilbon, Dekan der School of Business der Howard University und Vorstandsmitglied des GMAC.

Nach Abschluss des Studiums bleibt die Beratung ber alle Generationen und Regionen hinweg der wichtigste Wirtschaftszweig nach dem Studium. Auf dem zweiten Platz "" der Technologiebranche "" knnte sich jedoch ein Wandel abzeichnen, da die Generation Z mehr Interesse an Finanz– und Rechnungswesen als an Technologie zeigt. Obwohl die Daten grtenteils vor dem jngsten Rckzug der Technologiebranche erhoben wurden, zeigen die diesjhrigen Ergebnisse, dass die Pipeline von Kandidatinnen und Kandidaten fr betriebswirtschaftliche Studiengnge, die sich fr die Technologiebranche interessieren, grundlegende Probleme aufweist "" nmlich dass die Generation Z, Frauen und unterreprsentierte US–Kandidatinnen und Kandidaten weniger an diesem Bereich interessiert sind.

Die Vereinigten Staaten sind nach wie vor das beliebteste Ziel fr ein Studium

COVID–19 zwang die Menschen auf der ganzen Welt, zu Hause zu bleiben, aber die Kandidatinnen und Kandidaten wollen wieder im Ausland studieren. Die Zahl der Studieninteressierten, die sich fr ein Studium auerhalb ihres Heimatlandes interessieren, ist im Vergleich zum letzten Jahr gestiegen, insbesondere in Europa und Asien/Pazifik. 84 Prozent der Bewerberinnen und Bewerber aus Asien wollen auerhalb ihres Heimatlandes studieren, verglichen mit 79 Prozent im letzten Jahr, und 81 Prozent der Bewerberinnen und Bewerber aus Europa wollen auerhalb ihres Heimatlandes studieren, verglichen mit 77 Prozent im letzten Jahr.

Die Trends, die die Bewerberinnen und Bewerber dazu bewegen, in Lndern wie den Vereinigten Staaten und Westeuropa zu studieren, haben sich seit dem letzten Jahr nicht gendert. Nachdem die USA im Jahr 2020 fr ein Jahr den Spitzenplatz verloren hatten, bleiben sie jetzt mit 42 Prozent der Befragten, die Interesse bekundeten, das bevorzugte Studienziel "" angetrieben durch den Ruf und die wahrgenommene Karrierevorbereitung, gefolgt von Europa (37 %) und Kanada (9 %). Bewerberinnen und Bewerber halten die betriebswirtschaftlichen Studiengnge in den USA zwar fr teurer als andere in Europa, Kanada oder Australien, glauben aber auch, dass es in den USA mehr finanzielle Untersttzung gibt.

ber die Umfrage unter Studieninteressierten

Seit mehr als einem Jahrzehnt gewhrt die Umfrage des GMAC unter Studieninteressierten den weiterfhrenden Business Schools weltweit wichtige Einblicke in die Entscheidungsprozesse von Personen, die eine Bewerbung fr einen Studiengang fr das weiterfhrende Management in Erwgung ziehen. Der diesjhrige zusammenfassende Bericht bercksichtigt Daten, die im Kalenderjahr 2022 von 2.710 Befragten in 131 Lndern auf der ganzen Welt erhoben wurden. Von ihnen sind 40 Prozent weiblich, 44 Prozent sind jnger als 24 Jahre, 21 Prozent gehren der unterreprsentierten US–Bevlkerung an und 55 Prozent haben als Studierende von grundlegenden Studiengngen ein nicht–betriebswirtschaftliches Fach studiert. Die Umfrage untersucht weiterhin Trends in der Kandidatenpipeline, Prferenzen in Bezug auf Studiengnge und Karriereziele, wobei in diesem Jahr neue Fragen zu Kandidatinnen und Kandidaten der ersten Generation, zu den Beweggrnden fr die Absolvierung einer weiterfhrenden Managementausbildung und zu gesellschaftlichen Themen wie Nachhaltigkeit und soziale Verantwortung von Unternehmen hinzugefgt wurden. Der Bericht befasst sich auch mit der Langlebigkeit von Trends in der Online– und Hybridausbildung und der Mobilitt von Bewerberinnen und Bewerbern, die durch die COVID–19–Pandemie ausgelst wurde.

ber den GMAC

Der Graduate Management Admission Council (GMAC) ist eine zielorientierte Vereinigung fhrender Business Schools mit postgradualen Studiengngen auf der ganzen Welt. Der GMAC bietet erstklassige Forschung, Branchenkonferenzen, Rekrutierungstools und Bewertungen fr Akteure im Bereich des weiterfhrenden Managementausbildung sowie Ressourcen, Veranstaltungen und Dienstleistungen, die Kandidatinnen und Kandidaten auf ihrem Weg durch die Hochschulausbildung untersttzen. Der Graduate Management Admission Test (GMAT), der vom GMAC entwickelt und durchgefhrt wird, ist die am weitesten verbreitete Prfung an Wirtschaftshochschulen.

Mehr als 12 Millionen Studieninteressierte vertrauen jedes Jahr auf die Websites des GMAC, darunter mba.com, um sich ber MBA– und wirtschaftswissenschaftliche Masterstudiengnge zu informieren, Kontakte zu Hochschulen auf der ganzen Welt zu knpfen, sich auf Prfungen vorzubereiten und anzumelden und Ratschlge fr eine erfolgreiche Bewerbung fr MBA– und wirtschaftswissenschaftliche Masterstudiengnge zu erhalten. BusinessBecause und GMAC Tours sind Tochtergesellschaften des GMAC, einer globalen Organisation mit Niederlassungen in China, Indien, dem Vereinigten Knigreich und den Vereinigten Staaten.

Um mehr ber unsere Ttigkeit zu erfahren, besuchen Sie bitte www.gmac.com.

Medienkontakt:

Teresa Hsu
Sr. Manager, Media Relations
Mobil: 202–390–4180
thsu@gmac.com


GLOBENEWSWIRE (Distribution ID 8805929)

De la vie intérieure au monde extérieur : comment les femmes de la génération Z sont investies dans les études commerciales

Une enqute rvle que l'intrt pour le secteur de la technologie stagne pour la carrire post–scolaire tandis que les tats–Unis continuent d'attirer des talents mondiaux grce une mobilit qui rebondit

RESTON, Virginie, 11 avr. 2023 (GLOBE NEWSWIRE) — Les personnes qui rflchissent retourner vers les coles de commerce sont plus intresses par le fait d'enrichir leur vie plutt que d'augmenter leurs revenus, selon une enqute ralise auprs des tudiants potentiels du programme d'tudes suprieures en management (GME) publie par le Graduate Management Admission Council (GMAC), une association mondiale reprsentant les principales coles de commerce. Soixante–dix–neuf pour cent des tudiants potentiels dans le monde entier sont motivs pour poursuivre un GME afin d'amliorer leur vie et de dvelopper leur potentiel (15 points de pourcentage de plus que le deuxime meilleur facteur de motivation, savoir l'augmentation des revenus).

Par ailleurs, les femmes, la gnration Y, les candidats amricains sous–reprsents et les tudiants potentiels de premire gnration sont tous statistiquement plus susceptibles d'indiquer une prfrence de carrire post–GME pour le secteur public ou but non lucratif, qui a tendance tre plus stable et socialement engag, bien que moins lucratif que le secteur priv. La gnration Z, d'un autre ct, est la plus intresse entrer dans le secteur de la finance et de la comptabilit et environ 10 points de pourcentage plus susceptible de citer l'augmentation de ses revenus et l'expansion de ses rseaux comme principaux facteurs de motivation pour poursuivre un GME que ses homologues plus gs.

En rponse aux demandes frquemment reues de nos coles, nous avons pos d'autres questions dans notre enqute, car des changements significatifs dans la dmographie des tudiants potentiels sont en cours. Il est essentiel de comprendre les candidats de la gnration Z ( prsent la plus importante gnration s'inscrire aux coles de commerce), car les programmes prvoient d'tendre plus tard le pipeline , a dclar Joy Jones, PDG du GMAC. Nous souhaitons examiner de plus prs les tendances parmi les femmes, la premire gnration et les candidats amricains sous–reprsents pour doter les coles des connaissances qui assurent que chaque personne talentueuse puisse bnficier pour elle des meilleures tudes commerciales.

Les programmes de MBA temps plein restent dominants, tandis que l'exprience en prsentiel l'emporte pour la gnration Z

Depuis 2019, le MBA sur deux ans a t le programme prfr parmi les candidats l'chelle mondiale. Cette anne, le MBA sur un an l'a surpass en tant que choix de programme le plus populaire, bien que la diffrence reste dans la marge d'erreur. Ensemble, le MBA temps plein de n'importe quelle dure continue de susciter plus d'intrt que les programmes de MBA et de masters de commerce plus flexibles ou pour cadres.

La gnration Z est trs intresse par le MBA sur deux ans, et la gnration Y par le MBA sur un an. Bien qu'ayant grandi en tant que native du numrique, la gnration Z montre aussi une forte prfrence pour les tudes en prsentiel, avec 80 % de la gnration Z qui affiche une prfrence pour ce mode contre 69 % de la gnration Y. Cela pourrait tre une indication de la situation de chaque gnration dans sa carrire : les candidats plus gs peuvent disposer de rseaux plus tablis ou avoir plus de responsabilits au travail ou leur domicile, tandis que les candidats plus jeunes sont plus intresss par l'expansion de leurs rseaux et peuvent avoir plus de facilit entrer et sortir d'un GME.

La flexibilit parle aux candidats fminins alors que l'intrt pour le secteur de la technologie stagne

Il est vrai que la prfrence mondiale gnrale se maintient dans l'enseignement en prsentiel. Toutefois, les programmes en ligne (et surtout hybrides) ont perc auprs de groupes plus susceptibles de bnficier de la flexibilit qu'ils proposent, surtout auprs des candidats fminins, de la premire gnration et de la gnration Y.

Il ne fait aucun doute que ces programmes jouent un rle important dans l'quit globale des tudes suprieures en management, attirant ainsi des candidats qui comptent sur la fourniture de programmes flexibles et ne pourraient autrement pas prparer un diplme de commerce , a indiqu Anthony Wilbon, doyen de l'cole de commerce de l'universit Howard et membre du conseil d'administration du GMAC.

Aprs l'obtention du diplme, le consulting reste la premire industrie post–GME dans toutes les gnrations et les rgions. Pourtant, le changement est peut–tre l'horizon dans le secteur numro deux (l'industrie de la technologie), au moment o la gnration Z montre plus d'intrt dans la finance et la comptabilit que dans la technologie. Tandis que les donnes ont t collectes en grande partie avant la rcente rtraction de l'industrie de la technologie, les rsultats de cette anne dmontrent des dfis sous–jacents avec le pipeline de candidats de l'enseignement diplmant du management intresss par la technologie : la gnration Z, les femmes et les candidats amricains sous–reprsents sont moins intresss par ce domaine.

Les tats–Unis restent au premier plan des considrations en tant que destination d'tudes

La COVID–19 a oblig les gens partout dans le monde rester chez eux, mais les candidats envisagent de nouveau d'tudier l'tranger. Les tudiants potentiels qui souhaitent tudier en dehors de leur pays d'origine sont en augmentation, surtout en Europe et en Asie/dans les les du Pacifique compar l'anne passe : 84 % des candidats provenant d'Asie cherchent tudier l'extrieur de leur pays d'origine contre 79 % l'anne passe, et 81 % des candidats provenant d'Europe cherchent tudier l'extrieur de leur pays d'origine contre 77 % l'anne passe.

Les tendances qui poussent les candidats tudier dans des endroits comme les tats–Unis et l'Europe de l'Ouest n'ont pas chang depuis l'anne passe. Aprs avoir perdu la premire place pendant un an en 2020, les tats–Unis restent la destination d'tude prfre, ports par la rputation et la prparation de carrire perue, avec 42 % des personnes interroges indiquant un intrt, suivis par l'Europe (37 %) et le Canada (9 %). Tandis que les candidats peroivent les programmes GME aux tats–Unis comme plus coteux que d'autres en Europe, au Canada ou en Australie, les candidats croient galement que plus d'aides financires sont disponibles aux tats–Unis.

propos de l'enqute auprs des tudiants potentiels

Depuis plus de dix ans, l'enqute du GMAC auprs des tudiants potentiels fournit aux coles de commerce du monde entier des informations essentielles sur les processus de dcision des personnes qui envisagent de s'inscrire un programme d'tudes suprieures en management (GME). Le rapport de synthse de cette anne tudie les donnes collectes au cours de l'anne civile 2022 auprs de 2 710 personnes interroges dans 131 pays dans le monde entier. Parmi elles, 40 % sont des femmes, 44 % ont moins de 24 ans, 21 % proviennent de la population amricaine sous–reprsente et 55 % se sont spcialises dans un domaine non commercial en tant qu'tudiants de premier cycle. L'enqute continue d'examiner les tendances dans le pipeline des candidats, les prfrences de programme et les objectifs de carrire, avec de nouvelles questions ajoutes cette anne sur les candidats de la premire gnration, les motivations pour poursuivre des tudes suprieures en management et les questions sociales, comme la durabilit et la responsabilit sociale des entreprises. Le rapport examine aussi la longvit des tendances de l'ducation en ligne et hybride et la mobilit des candidats dues la pandmie de COVID–19.

propos du GMAC

Le Graduate Management Admission Council (GMAC) est une association de prestigieuses coles suprieures de commerce du monde entier, au service d'une mission. Le GMAC fournit au secteur de l'enseignement suprieur en management des recherches, confrences sectorielles, outils de recrutement et valuations de classe mondiale, ainsi que des outils, ressources, vnements et services qui guident les candidats pendant leur parcours dans l'enseignement suprieur. Proprit du GMAC, qui assure sa gestion, l'examen du Graduate Management Admission Test (GMAT) est l'valuation pour cole de commerce la plus largement utilise.

Plus de 12 millions d'tudiants potentiels par an font confiance aux sites Web du GMAC, y compris mba.com, pour en savoir plus sur les programmes de MBA et de masters de commerce, contacter les coles du monde entier, se prparer et s'inscrire aux examens, et obtenir des conseils sur les procdures d'admission aux programmes de MBA et de masters de commerce. BusinessBecause et GMAC Tours sont des filiales du GMAC, une organisation internationale avec des bureaux en Chine, en Inde, Singapour, au Royaume–Uni et aux tats–Unis.

Pour en savoir plus sur notre travail, rendez–vous sur www.gmac.com

Contact auprs des mdias :

Teresa Hsu
Cadre de direction, Relations avec les mdias
Portable : 202–390–4180
thsu@gmac.com


GLOBENEWSWIRE (Distribution ID 8805887)

From Inner Life to Outer World: How Women, Gen Z Are Invested in Business Education

Survey finds interest in tech sector stagnates for post–school career while the U.S. continues to attract global talent upon rebounding mobility

RESTON, Va., April 10, 2023 (GLOBE NEWSWIRE) — People thinking about going back to business schools are more interested in enriching their lives than increasing their incomes, according to a survey of prospective students of graduate management education (GME) released by the Graduate Management Admission Council (GMAC), a global association representing leading business schools. Seventy–nine percent of prospective students worldwide are motivated to pursue GME to better their lives and develop their potential""15 percentage points more than the next–best motivator, increasing income.

Furthermore, women, millennials, underrepresented U.S. candidates, and first–generation prospective students are all statistically more likely to indicate post–GME career preference for the government or nonprofit sector, which tends to be more stable and socially engaged though less lucrative than the private sector. Gen Z, on the other hand, are most interested in entering the finance and accounting industry, and about 10 percentage points more likely to cite increasing their incomes and expanding their networks as top motivators for pursuing GME than their older counterparts.

"In response to queries frequently received from our schools, we asked additional questions in our survey this year because meaningful shifts in prospective student demographics are underway. Understanding candidates from Gen Z""now the largest generation applying to business schools""is critical as programs plan for expanding the pipeline down the road," said Joy Jones, CEO of GMAC. "We want to take a closer look at the trends among women, first–generation, and U.S. underrepresented candidates to equip schools with the knowledge that ensures every talented person can benefit from the best business education for them."

Full–time MBA programs continue dominance while in–person experience trumps for Gen Z

Since 2019, the two–year MBA has been the preferred program among candidates globally. This year, the one–year MBA surpassed it as the most popular program choice, though the difference remains within the margin of error. Taken together, the full–time MBA of any duration continues to surpass interest in more flexible or executive MBAs and business master's programs.

Gen Z is most interested in the two–year MBA and millennials are most interested in the one–year MBA. Despite growing up as digital natives, Gen Z also have a strong preference for in–person study, with 80 percent of Gen Z reporting preference for this modality compared to 69 percent of millennials. This could be an indication of where each generation is in their career""older candidates may have more established networks or more responsibilities at work or at home, while younger candidates are more interested in expanding their networks and may have more ease entering and exiting GME.

Flexibility speaks to women candidates as interest in the technology sector stagnates

It is true overall global preference remains with in–person learning. But online""and especially hybrid""programs have made in–roads with groups most likely to benefit from the flexibility they offer, specifically women, first–generation, and millennial candidates.

"There is no doubt that these programs play an important role in the overall equity of graduate management education, attracting candidates who rely on flexible program delivery and may not otherwise pursue a business degree," said Anthony Wilbon, dean of Howard University's School of Business and a board member of GMAC.

After graduation, consulting remains the top post–GME industry across generations and regions. Though change may be on the horizon in the number two slot "" the technology industry "" as Gen Z show more interest in finance and accounting than technology. While data was collected largely before the recent retraction of the tech industry, this year's results demonstrate underlying challenges with the pipeline of GME candidates interested in tech""namely that Gen Z, women, and underrepresented U.S. candidates are less interested in the field.

The United States remain the top consideration as a study destination

COVID–19 forced people around the world to stay at home, but candidates are again looking to study abroad. Prospective students interested in studying outside of their country of citizenship are up, especially in Europe and Asia/Pacific Islands compared to last year "" 84 percent of candidates from Asia are looking to study outside of their country of citizenship compared to 79 percent last year, and 81 percent of candidates from Europe are looking to study outside of their country of citizenship compared to 77 percent last year.

The trends driving candidates to study in places like the United States and Western Europe have not changed since last year. After losing the top spot for a year in 2020, the U.S. remains the most preferred study destination "" driven by reputation and perceived career preparation, with 42 percent of respondents indicating interest, followed by Europe (37%) and Canada (9%). While candidates perceive U.S. GME programs as more expensive than others in Europe, Canada, or Australia, candidates also believe there is more financial aid available in the United States.

About the Prospective Student Survey

For more than a decade, the GMAC Prospective Students Survey has provided the world's graduate business schools with critical insights into the decision–making processes of people currently considering applying to a graduate management education (GME) program. This year's summary report considers data collected in the 2022 calendar year from 2,710 respondents in 131 countries around the world. Among them, 40 percent are female, 44 percent are younger than 24 years–old, 21 percent are U.S. underrepresented population, and 55 percent majored in a non–business field as undergraduates. The survey continues to explore trends in the candidate pipeline, program preferences, and career goals, with new questions added this year about first–generation candidates, motivations for pursuing graduate management education, and social issues like sustainability and corporate social responsibility. The report also considers the longevity of trends in online and hybrid education and candidate mobility brought on by the COVID–19 pandemic.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and GMAC Tours are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202–390–4180
thsu@gmac.com


GLOBENEWSWIRE (Distribution ID 8804854)

GMAC Task Force Revamps Business Education Admissions Reporting Standards

RESTON, Va., March 23, 2023 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association representing leading business schools, today released an updated version of the Graduate Management Education Admissions Reporting Standards. The revision, led by a task force of 14 GMAC member schools, aimed to ensure the standards align with the shifting landscape of graduate business education and today's best practices of identifying gender, race and ethnicity, and undergraduate majors, among other criteria commonly used in the admissions process.

According to GMAC's annual survey on prospective students worldwide, candidates rely heavily on school websites and rankings in their program selection process. The 2023 survey of thousands of business school aspirants "" to be published early next month "" shows that school websites and published program rankings were the top two factors in the decision making of individuals considering applying for graduate business degrees. Informed by this finding, GMAC believes it is vitally important that the information presented to prospective students is anchored in a common definition of the terms used by schools and various publications in collecting the data for reporting.

"This work, initiated in response to a strong desire for consistency and transparency from the business school community we serve, is being done to create trust with and among business school admissions professionals, especially those who are new to the field. Without a doubt, adopting the standardized reporting criteria at a large scale would allow prospective students and rankings organizations alike to compare apples to apples and oranges to oranges across the wide spectrum of program options available in the market today," said Joy Jones, CEO of GMAC. "On behalf of the Council, I extend our sincerest gratitude to the task force for the time, effort, and care dedicated to revising and promoting the standards."

"The task force invested many hours reviewing survey questionnaires and collecting data, as well as discussing proposed revisions over calls and with stakeholders at conferences, to address the tough questions from the business school community on how we can better reflect the many changes in the industry "" and the society "" we encounter today. For example, there is a growing acknowledgement and respect for identity preferences and an interest in segments like first generation and military students," said Marci Armstrong, professor of practice, marketing at Southern Methodist University's Cox School of Business and co–chair of the task force revising the standards. "Rest assured, we were fully aware of the stakes at hand and did not just rubber–stamp the new standards."

In 2019, GMAC formed a task force to revise the MBA Reporting Criteria "" first published by GMAC in 2000 and adopted by approximately 200 business schools "" into Graduate Management Education Admissions Reporting Standards. The standards, subsequently endorsed by GMAC members in the summer of 2020, were meant to be revisited every two years to ensure they continue to guide business schools in distributing reliable, accurate, useful, and comparable admissions data for prospective students and rankings organizations. A new task force was organized at the beginning of 2022 to tackle the review and revision of the standards in three sections "" school and program information, application process, and admissions reporting and class profile, supplemented by region and areas of study classifications.

"In the past three years "" particularly in response to the global pandemic – our industry has innovated and grown tremendously. A prime example is the delivery of online programs," said Nita Swinsick, associate dean of graduate & executive degree programs admissions at Georgetown University's McDonough School of Business and co–chair of the task force. "While the traditional on–campus, two–year MBA remains the most sought–after graduate management degree, there are a great number of programs offering a wide range of flexibility and length and still lead to successful business careers."

"GMAC will continue to be a steward of the standards and will publish a list of schools and corresponding programs that decide to adopt and remain in compliance with the standards. Adopting and complying schools can also receive a badge from GMAC for use in their outreach materials to signal to candidates, ranking publishers and other stakeholders their compliance with the standards," said Sabrina White, vice president of school and industry engagement at GMAC. "It is our hope that more members of the business school community "" as well as ranking publishers – will begin leveraging these standards to benefit the people aspiring to better themselves and the world through graduate management education."

Business schools, ranking agencies and other stakeholders worldwide that wish to obtain a copy of or start adopting the latest reporting standards may reach out to GMAC at datastandards@gmac.com.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202–390–4180
thsu@gmac.com


GLOBENEWSWIRE (Distribution ID 8794409)

US, Europe MBA Programs to International Talent: We are Open for Business

RESTON, Va., Oct. 26, 2022 (GLOBE NEWSWIRE) — Total applications to graduate business schools dipped from the pandemic–level spikes, slipping 3.4 percent year–on–year among a matched sample of programs, according to a survey report released today by the Graduate Management Admission Council (GMAC). This comes after application volumes increased 2.4 percent year–on–year in 2020 amid the start of the pandemic and sustained that level of demand in 2021, when schools reported a 0.4 percent year–on–year increase. As the pandemic's effects on mobility lessened this admissions cycle, however, international applications saw a remarkable rebound, particularly for those applying to programs in the United States. Most US programs reported international application increases, especially full–time two–year MBA programs (80% of programs) and STEM–designated programs (61%). Similarly in Europe, most MBA programs either saw stability or more applications from abroad this year.

The largest and most widely cited survey of its kind in the industry, the GMAC 2022 Application Trends Survey was conducted between July and September with application figures submitted by 950 programs of 264 business schools in 33 countries worldwide. The survey aims to examine the rapidly shifting landscape of demand for graduate management education (GME) programs. An annual survey in its 24th year, the 2022 study reflects perhaps the end of the pandemic– disrupted years and offers insight into how the post–pandemic market may take shape.

Notably, most programs in Europe and Asia grew or maintained women's representation in applicant pools. A majority of responding programs in Europe (58%) and Asia (57%) grew or sustained the number of applications received from women. In addition, more than half of US programs maintained or grew applications from underrepresented populations (URP), particularly master of data analytics (66%) and master in management (65%).

"I'm very pleased to see that women in Europe and Asia and underrepresented groups in the US are increasingly aspiring to pursue the business education that could empower and equip them to achieve their career objectives," said Joy Jones, CEO of GMAC. "I commend the business school community for the encouraging trend that has grown from their concerted efforts to attract a diverse pool of talent."

Other Key Findings

Applications to business master's programs ticked up, riding the wave of international interest

Global applications to business master's programs""including master in management, master of finance, and master of data analytics""grew year–on–year by 3.2 percent. All business master's program types in the United States had a greater share of programs report increases in international applications than decreases, except for master of accounting. International applications to US programs were up at an especially high proportion of specialized degrees, including master of supply chain management (93%), master in marketing (76%), and master of data analytics (61%).

"The business master's programs have traditionally been attractive to international candidates. As the pandemic–induced restrictions gradually ease and people learn to live alongside and cope with the virus, we expect international mobility to continue to bounce back," said Isabelle Bajeux–Besnainou, dean and professor of finance at Tepper School of Business at Carnegie Mellon University and a member of the GMAC board of directors.

Asia retained more talent in–region while Canada experienced a reverse in application trends

Business schools in the Asia region were able to attract otherwise mobile candidates during the pandemic. While roughly equal shares of responding Asia programs reported total application volume growth and declines this year, those who experienced growth or stability saw it in both domestic (60%) and international applications (63%). This trend is consistent with GMAC's survey of prospective students released earlier this year when the data suggest that candidates from some traditionally mobile regions of Asia may be increasingly opting to study domestically.

Canadian programs saw significant drops in both domestic and international applications. Among Canadian programs that responded to each of the last two years' surveys, total applications were down 23 percent year–on–year, with 75 percent of programs reporting declines in domestic applications and 68 percent reporting declines in international applications. This reversal comes after years of consistently positive outcomes for Canadian schools dating back to 2017, coinciding with the reduction of visa availability in the US.

US flexible MBA programs gained traction despite declines in domestic demand for professional MBA programs

This year, slightly more than half of flexible MBA programs" which allow their students to change between full–time and part–time status throughout their time in the program" reported application volume growth. In addition, women accounted for 44 percent of flexible MBA applicants, which is higher than any other US MBA program type. At the same time, most professional MBA programs in the US received fewer applications this year, including online MBA (76% of programs), part–time MBA (75%), and executive MBA (67%). In fact, US online MBA programs saw a second consecutive year of application declines after a 2020 pandemic boom.

"With the job market being white hot and the Great Resignation reducing the total workforce, it is no surprise that programs offering the most flexibility were the most attractive to working professionals, especially women," said Maite Salazar, chief marketing officer at GMAC.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com


GLOBENEWSWIRE (Distribution ID 8683135)

Business School Students in High Demand: Nearly 9 in 10 Landed Jobs Prior to Graduation

RESTON, Va., Sept. 14, 2022 (GLOBE NEWSWIRE) — Despite market fear of an imminent recession, 86 percent of 2022 business school graduates were employed at the time of graduation, up from 80 percent in 2021, according to a survey report released today by the Graduate Management Admission Council (GMAC). Contributing to the favorable trends are the regional results of graduates who studied in the Asia–Pacific region and Europe. Among graduates of Asia–Pacific business schools, this year 91 percent report being employed at the time of graduation, compared with 78 percent in 2021. Similarly, among European graduates, 90 percent indicate they were employed this year compared with 75 percent last year.

The annual Enrolled Students Survey from GMAC, a global association of leading graduate business schools, aims to better understand current trends in student and recent graduates' evaluations and outcomes of their graduate management education (GME). Conducted in May–June 2022, this year's survey explores the views of 1,718 respondents from nearly 300 business schools in 57 countries around the word on their overall GME experience, job search, and compensation in the context of the COVID–19 pandemic.

Globally, the responding graduates of participating schools reported a median percentage increase in total compensation""including base salary and all other compensation""of 29 percent. Notably, among North American school graduates, those who attended full–time MBA programs reported a pre–GME total compensation median of US$80,000, and a post–GME total compensation median of US$120,000""an impressive 50 percent increase.

"With the volatile economic conditions and organizational challenges brought on by the pandemic, well–rounded and prepared business leaders and managers are especially in demand in the current job market," said Matt Hazenbush, director of research analysis and communications at GMAC and author of the report. "As the survey findings suggest, graduate management education provides students with a powerful leg up for their career."

Other Key Findings

Most students who set out to make a career change or gain a promotion encounter success

In step with the Great Resignation, students' top goals and motivations in 2022 were to enrich their lives and make a career change. Among 2022 respondents, a majority who set out to make a career change or get promoted report that they were successful in achieving that goal. Specifically, among those who say making a career change was one of their top three motivations to pursuing GME, 57 percent said they were successful. Success rates for graduates from schools in Latin America/Middle East/Africa (66%) and North America (61%) were slightly higher, though not significantly, than those in Asia Pacific (54%) or Europe (55%), but across world regions a majority successfully made the career change they set out to make. Similarly, 56 percent of graduates who had the goal to gain a promotion were successful.

Social media use in the job search jumps up from last year

Use of social media in the job search""including sites like LinkedIn""increased significantly year–on–year, from 27 to 37 percent, overtaking networking with classmates and alumni (28%) as well as friends and family (35%). The increase in social media use as a job search method was significant among professional MBA (24% in 2021 to 31% in 2022) and business master's students (23% in 2021 to 40% in 2022). By region, use of social media increased significantly among those who studied in Asia Pacific, Europe, and Latin America/Middle East/Africa, but not in North America.

Students from Asia–Pacific schools rate the overall value of their degree significantly higher in 2022 compared with 2021

Eighty–five percent of respondents rated the overall value of their degree as good to outstanding, up slightly from 82 percent in 2021. By region, students who studied in Asia–Pacific schools reported the largest year–on–year increase in favorable ratings for the overall value of their degree, rising from 75 percent to 86 percent between 2021 and 2022. While both full–time MBA and business master's students in Asia Pacific had year–on–year increases, the increase was significant among full–time MBA students, rising from 66 percent to 84 percent. Globally, students who attended ranked schools reported similar levels of favorability of the overall value of their degree compared with students who attended non–ranked schools (85%, respectively).

As pandemic restrictions eased, student satisfaction with career and student services improved

Eighty–four percent of 2022 respondents gave career services a favorable review, up from 74 percent in 2021. Also improving were opinions on student services, up to 85 percent favorable from 80 percent in 2021. The improvement in favorability in career and student services was consistent across students of full–time MBA, business master's, and professional MBA programs, as well as students who studied in Asia Pacific, Europe, Latin America/Middle East/Africa, and North America.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com


Graduate Management Admission Council Appoints Joy Jones as Incoming CEO

RESTON, Va., Aug. 08, 2022 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced the appointment of Joy Jones as the organization's CEO–Elect. Jones currently serves as GMAC's chief product officer and general manager of assessments, a role she has held since July 2017. The announcement came after current CEO Sangeet Chowfla announced his intention to step down from the position earlier this year, and an extensive search executed by a global executive recruiting firm. The GMAC board of directors unanimously voted to elect Jones, who will become GMAC's fourth CEO as of October 1, 2022.

"With more than a hundred interested candidates from around the world, the Board conducted extensive interviews and thorough evaluations over the past months and was thrilled to find the best person to lead the organization from within," said Jon Erickson, chairman of the GMAC board of directors and former president of education and career services at ACT. "Besides her proven success with growing GMAC products and services and deep understanding of the graduate management education industry we represent, we were especially impressed by Ms. Jones's vision, intellect, composure, and ability to relate to people."

Jones joined GMAC five years ago with the responsibility for holistically managing the Council's assessments and preparation portfolio, which includes the Graduate Management Admission Test (GMAT) exam""the most widely used assessment by business schools worldwide and relied on by more than 7,500 business school programs, the NMAT by GMAC exam, Executive Assessment, and associated assessment preparation materials. She was instrumental in navigating through challenging times during the COVID–19 pandemic with a rapid launch of the online delivery of all GMAC assessment solutions. Earlier this year, under her stewardship, GMAC debuted Business Fundamentals Powered by Kaplan, a new GMAC product line of "micro" courses in statistics, accounting, and finance to help prepare business school aspirants and admitted students for success in their graduate programs.

"It is a great honor for me to be chosen to lead a long–standing and highly regarded organization like GMAC, with an outstanding 70–year history of connecting talent with opportunity through higher education," said Jones. "As the organization enters into a new chapter in an ever–evolving global business environment, focused on innovation and growth as well as diversity and inclusion, I look forward to continuing to work alongside my dedicated colleagues at GMAC and in the business school community to advance graduate management education and ensure that talented people have the opportunity to improve the world we live in."

Throughout her career, Jones has been a transformational leader in a variety of roles spanning strategy, product, sales, business development, and operations, with expertise in leveraging new technologies to create innovative solutions for global markets. Prior to joining GMAC, Jones had a 13–year tenure at the Associated Press (AP) which culminated as their Vice President of Global Products, overseeing all product portfolio and distribution platform management across the company's multimedia content licensing, advertising, and content service businesses. Prior to AP, Jones worked at Cap Gemini Ernst & Young, where she was an executive with the Strategic Advisory Services and Telecom Media Networks consulting practices. She earned her MBA at Stanford University and holds a bachelor's degree in mathematics and applied sciences from the University of California, Los Angeles (UCLA), where she graduated with honors.

Jones will succeed Sangeet Chowfla, who has chosen to step down for a new phase of his life after nearly a decade at the helm of GMAC. Chowfla joined GMAC in 2013 and served as President and CEO since 2014. During his tenure, Chowfla drove an extraordinary period of transformation and diversification for GMAC, including establishing regional offices in China, India, and the U.K., and oversaw three acquisitions of complementary products and services designed to help foster connections with candidates and schools, namely NMAT by GMAC, BusinessBecause, and The MBA Tour. He also helped redefine the GMAC brand in renewing focus on serving member schools and uniting the industry to solve common problems and created additional value for schools through expanding our research programs, conferences, and events. Chowfla will continue as an advisor through the end of the year to be available for a smooth and orderly transition.

"Sangeet Chowfla joined the organization during a period of disruption in the industry that only intensified with the advent of the pandemic and global geopolitical challenges," said Erickson. "We are grateful for his service and the extraordinary growth and evolution that has enabled us to build long–term strategies and position our association for the future to continue serving schools and candidates."

"It has been an honor and privilege to lead this great organization in a time of change," said Chowfla. "GMAC's mission, its people, and the connections that it fosters are truly unique. I look back with some satisfaction that we have built a stronger and more resilient GMAC that is leaner, more diversified in its service offerings, and more global in its outlook. Joy and I have worked closely over the years, and I leave secure in knowing that she has the vision and capability to lead the organization and take it forward."

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b997ea7e–87f4–4d87–979a–e5ecde0379fc


Graduate Management Admission Council Announces New Board Members

RESTON, Va., July 13, 2022 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced the addition of six new members to its board of directors: (elected by member schools) Isabelle Bajeux–Besnainou, Dean and Professor of Finance, Tepper School of Business, Carnegie Mellon University; W. Bruce DelMonico, Assistant Dean for Admissions, Yale School of Management, Yale University; Catherine Duggan, Director (Dean), Graduate School of Business, University of Cape Town; Anthony Wilbon, Dean, School of Business, Howard University; (appointed by the Board to fill vacancies) Mukesh Butani, Founder and Managing Partner, BMR Legal Advocates; and Itziar de Ros, Director of Corporate Marketing & Communications, IESE Business School, University of Navarra. They started their terms on July 1.

"We are thrilled and grateful for the six outstanding individuals from four continents joining the board of GMAC, bringing with them diverse and inspiring perspectives on graduate management education," said Sangeet Chowfla, president and CEO of GMAC. "As the industry continues to evolve and adapt in the face of the ever–changing landscape, their onboarding signals GMAC's strong commitment to its global mission of connecting business schools and candidates in support of growing graduate business education."

New GMAC Board Members

Isabelle Bajeux–Besnainou, Dean and Professor of Finance, Tepper School of Business, Carnegie Mellon University

Dr. Isabelle Bajeux–Besnainou is the 10th Dean of the Tepper School of Business and the Richard P. Simmons Professor of Finance. Since her arrival in 2020, Bajeux reorganized the leadership structure and started new degree programs that offer Tepper students new options and enhanced flexibility. As well, she launched the first comprehensive Tepper School DE&I Strategic Plan to support diversity, equity, and inclusion. The Tepper School is known for being the birthplace of management science, as well as for its frequent cross–collaboration with the other renowned schools at Carnegie Mellon. In that spirit, Bajeux refreshed its brand positioning to be the school of "The Intelligent Future," where students learn to combine the power of data with human judgement and imagination to make better decisions. Before her tenure at Tepper, Bajeux was Dean of McGill University's Desautels Faculty of Management in Montreal, Quebec where she spearheaded the school of retail management and several new master's degree programs.

Mukesh Butani, Founder and Managing Partner, BMR Legal Advocates

Mukesh Butani is the Founder and Managing Partner of BMR Legal Advocates, a Tier 1 law firm. He was also Co–founder and Chairman of BMR Advisors, one of India's leading professional services firms in the areas of Tax, Risk, and M&A. With specialization in corporate international tax and transfer pricing, he has experience in advising multinational corporations and Indian conglomerates on a range of matters concerning business re–organization, cross–border structuring, and tax controversy. Mukesh served as Vice–Chair of the ICC Paris Tax Commission and as a member of the Permanent Scientific Committee of the International Fiscal Association and OECD BIAC. A Fellow Chartered Accountant, he holds a double bachelor's in accounting, as well as Financial Management and Law. He serves as an Independent Board Member in select leading multinationals and Indian conglomerates and is a visiting faculty at the University of Vienna and the University of Lausanne.

Itziar de Ros, Director of Corporate Marketing and Communications, IESE Business School, University of Navarra

Itziar de Ros is the Director of Corporate Marketing and Communications at IESE Business School in Barcelona. In this role, de Ros is responsible for IESE's marketing and communications strategy across all its campuses. She joined IESE in 2007 after working in marketing at DuPont, based in Geneva, Switzerland. In 2011, de Ros was made Director of MBA Admissions at IESE, a post she held for six years, managing a team of 20 people from 12 different countries. Since 2021, de Ros has been on the Board of Ravents Codorniu, one of the most prestigious wine and sparkling wine companies in Europe. She is also a member of the Advisory Board of Navozyme, a blockchain–based solutions company based in Singapore. She holds an MBA from IESE, as well as a master's degree in Digital Transformation and a BA in Business Administration from the University of Navarra.

W. Bruce DelMonico, Assistant Dean for Admissions, Yale School of Management, Yale University

Bruce DelMonico is Assistant Dean for Admissions at the Yale School of Management. He joined Yale SOM in 2004 and has led the Admissions Office since 2006. During his time at Yale, Bruce has helped innovate new technologies and novel methods of candidate evaluation, including early roles in the Slate CRM system, the use of asynchronous video questions, and the adoption of forced–choice non–cognitive assessments. He has sat on a number of industry–related boards and is a past Trustee of the Hopkins School in New Haven, Connecticut. Before joining Yale, Bruce was an attorney focused on First Amendment, white collar, and commercial litigation, working primarily on cases with exposure ranging from $10 million to $10 billion. Bruce holds a bachelor's degree in Honors English from Brown University, a master's degree in Literature from the University of Texas at Austin, and a law degree from the University of Virginia School of Law.

Catherine Duggan, Director (Dean), Graduate School of Business, University of Cape Town

Catherine Duggan is Director (Dean) of the University of Cape Town Graduate School of Business (UCT GSB). Her research examines the political economy of development in Africa, where she has done work in two dozen countries over more than twenty years. Prior to joining the UCT GSB, she was Vice Dean at the African Leadership University School of Business "" a new business school in Rwanda "" and a Visiting Scholar at the University of Oxford's Sad Business School. She served on the Harvard Business School faculty for nearly a decade and won several teaching awards, becoming the first woman in the school's history to win the Faculty Award for Outstanding Teaching in the Required Curriculum two years in a row. She earned a Ph.D. from Stanford University and a B.A. with honors from Brown University, both in Political Science.

Anthony Wilbon, Dean, School of Business, Howard University

Dr. Anthony Wilbon is the Dean of the Howard University School of Business. Dr. Wilbon's particular areas of research include technology strategy, technology innovation and entrepreneurship, operations management, project management, systems development life cycle, and research methodology. Prior to joining Howard University, Dr. Wilbon was a faculty member at Morgan State University's Earl Graves School of Business and Management. He also previously served in engineering and management level positions and several organizations including the Board of Governors of the Federal Reserve System, Booz–Allen and Hamilton, Inc., American Management Systems, Inc, and Westinghouse Electric Corporation. A respected academician, Dr. Wilbon completed his BS in Electrical Engineering at Michigan State University, an MBA at Howard University School of Business, and a Ph.D. at George Washington University in Management of Science, Technology and Innovation. He is also the recipient of a Fulbright International Education Administrators Award (France).

Besides the aforementioned, newly elected board members, Sanjiv Kapur, an independent consultant, was re–appointed for a second term. GMAC also recognizes and thanks its outgoing board members: William (Bill) Boulding, Dean and J.B. Fuqua Professor of Business Administration, Fuqua School of Business of Duke University; Tom Buiocchi, Executive Advisor & Former CEO of Service Channel; Erika James, Dean of the Wharton School of the University of Pennsylvania; Peter Johnson, Assistant Dean, Full–time MBA Programs & Admissions, University of California, Berkeley's Haas School of Business; Soojin Kwon, Managing Director, Full–Time MBA Admissions and Student Experience, University of Michigan's Ross School of Business; and Donna Rapaccioli, Dean of the Gabelli School of Business and Dean of Business Faculty, Fordham University.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com


Business School Graduates Enter White-Hot Job Market as Employers Signal Growth, Confidence in Their Credentials

RESTON, Va., June 29, 2022 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today released its annual hiring report, the GMAC Corporate Recruiters Survey "" 2022 Summary Report. The report explores the state of employer demand for graduate business school talent (MBA and business master's degree recipients) in the context of the COVID–19 pandemic and includes responses from nearly 1,000 corporate recruiters and staffing firms around the world. While rising inflation and the war in Ukraine were just at the onset during the time when the survey was conducted in February and March 2022, hiring projections of graduate management education (GME) graduates remain bullish this year, with 92 percent of corporate recruiters expecting to hire newly minted MBAs. Promisingly, 2 in 3 responding corporate recruiters describe the current direction of their organization as expanding or growing (67%) and a similar proportion plan to increase their overall headcount (65%). Also, most recruiters (63%) project that demand for new business school talent will increase in the next five years, with business master's hiring intention the highest among recruiters for East and Southeast Asia and Middle East companies.

"The latest GMAC findings of the Corporate Recruiters Survey show that nearly 9 out of 10 corporate recruiters feel confident or highly confident in the ability of business schools to prepare students to be successful in their organizations," said Sangeet Chowfla, president and CEO of GMAC. "That's an extraordinary figure. It shows that despite the pandemic and the limitations it brought on student mobility, public and mental health, and remote learning, business schools managed to find ways to build an impressive cohort whom corporate recruiters and staffing agencies worldwide continue to bank on as prime sources for talent."

Other Key Findings

MBA starting salaries continue to provide a premium and Business master's median starting salaries are on the rise

Recruiter responses suggest companies in the United States plan to offer increased starting salaries to business master's graduates in 2022 compared to last year. In addition, median MBA starting salary levels eclipse those being offered to bachelor's graduates by 22 percent to 40 percent across the world regions for which there is sufficient sample to report. Median starting salaries are largest in the United States, where the median starting salary offered to new MBA hires this year " US$115,000 "" has remained unchanged for the past three survey years. In the current inflationary environment, the relative stability of median MBA salaries suggested by the survey findings means the real value of MBA salaries is declining.

In a likely response to combat the effect of inflation, corporate recruiters look to benefits packages""including educational assistance""to meet the changing needs of new graduates. Educational assistance like tuition reimbursement and scholarships has become an increasingly common benefit, with 54 percent offering it in 2022""up from 35 percent last year.

U.S. international hiring bounced back to pre–pandemic levels with potential of continued growth for 2022

The world regions with the highest percentage of recruiters affirming that they plan to hire international candidates in 2022 are the Middle East (52%) and Western Europe (40%). In the United States, this year's survey results suggest an improving situation for international MBA and business master's graduates. Looking back at last year's actual hiring, 43 percent of U.S. recruiters confirmed they hired international talent in 2021""a bounce back from 35 percent in 2020 and 41 percent in 2019. In this year's survey, 56 percent of U.S. recruiters say that they either plan to make international hires in 2022 (35%) or are willing to (21%), up from 48 percent that said the same in the 2021 survey. Furthermore, 83 percent of U.S. tech companies say they either plan to make international hires in 2022 (62%) or are willing to (21%)""the most of any U.S. industry.

"As travel restrictions ease around the world and student mobility continues to bounce back, we are thrilled to have more international students back on campuses across the country. Our mission is to help our students find success and our graduates reap the benefits of the strong job market in the U.S.," said incoming GMAC Board Member and Dean of Carnegie Mellon Tepper School of Business Isabelle Bajeux–Besnainou.

Global corporate recruiters appear to be becoming more accepting of online degrees""with the noteworthy exception of the United States

The percentage of global recruiters who view graduates of online and in–person GME programs equally increased from 34 percent in 2021 to 60 percent in 2022, suggesting a significant growth in the acceptance of online programs. However, the notable outlier is corporate recruiters in the United States""where the lion's share of the world's online MBA enrollments are. Among responding U.S. corporate recruiters, just 29 percent agree that they view graduates of online and in–person GME programs equally, the lowest of any world region and down from 33 percent of respondents from the 2021 sample.

"The growth of online MBA programs has been so strong in the United States that for the first time, the total number of enrollments in online programs exceeded that of full–time, in–person MBA enrollments in the 2020–21 academic year, according to data from the Association to Advance Collegiate Schools of Business (AACSB)," said Sabrina White, vice president of school and industry engagement at GMAC. "Business schools are presented a unique opportunity to align expectations and outcomes for graduates and employers as online delivery emerges from the pandemic as an important part of the graduate management education industry."

About the Report
First launched more than two decades ago, the Corporate Recruiters Survey of 2022 was conducted by GMAC, together with survey partners EFMD and the MBA Career Services and Employer Alliance (MBA CSEA), in association with the career services offices at participating graduate business schools worldwide. In a change from previous years, GMAC Research worked with a market research firm to recruit additional participants to make the overall sample more globally representative. In total, 941 respondents from 38 countries completed this survey, including 539 corporate recruiters and 402 from staffing firms. Recognizing that nearly all responses in previous years came from corporate recruiters, only 2022 responses from corporate recruiters were leveraged to create multi–year comparisons. However, the robust sample of corporate recruiters and staffing firms allowed us to develop geographical snapshots in 2022 that were less apparent in previous years.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/3388f75b–1d4e–4329–be0c–ca4a494b76ce


GLOBENEWSWIRE (Distribution ID 8580670)

Business School Graduates Enter White-Hot Job Market as Employers Signal Growth, Confidence in Their Credentials

RESTON, Va., June 29, 2022 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today released its annual hiring report, the GMAC Corporate Recruiters Survey "" 2022 Summary Report. The report explores the state of employer demand for graduate business school talent (MBA and business master's degree recipients) in the context of the COVID–19 pandemic and includes responses from nearly 1,000 corporate recruiters and staffing firms around the world. While rising inflation and the war in Ukraine were just at the onset during the time when the survey was conducted in February and March 2022, hiring projections of graduate management education (GME) graduates remain bullish this year, with 92 percent of corporate recruiters expecting to hire newly minted MBAs. Promisingly, 2 in 3 responding corporate recruiters describe the current direction of their organization as expanding or growing (67%) and a similar proportion plan to increase their overall headcount (65%). Also, most recruiters (63%) project that demand for new business school talent will increase in the next five years, with business master's hiring intention the highest among recruiters for East and Southeast Asia and Middle East companies.

"The latest GMAC findings of the Corporate Recruiters Survey show that nearly 9 out of 10 corporate recruiters feel confident or highly confident in the ability of business schools to prepare students to be successful in their organizations," said Sangeet Chowfla, president and CEO of GMAC. "That's an extraordinary figure. It shows that despite the pandemic and the limitations it brought on student mobility, public and mental health, and remote learning, business schools managed to find ways to build an impressive cohort whom corporate recruiters and staffing agencies worldwide continue to bank on as prime sources for talent."

Other Key Findings

MBA starting salaries continue to provide a premium and Business master's median starting salaries are on the rise

Recruiter responses suggest companies in the United States plan to offer increased starting salaries to business master's graduates in 2022 compared to last year. In addition, median MBA starting salary levels eclipse those being offered to bachelor's graduates by 22 percent to 40 percent across the world regions for which there is sufficient sample to report. Median starting salaries are largest in the United States, where the median starting salary offered to new MBA hires this year " US$115,000 "" has remained unchanged for the past three survey years. In the current inflationary environment, the relative stability of median MBA salaries suggested by the survey findings means the real value of MBA salaries is declining.

In a likely response to combat the effect of inflation, corporate recruiters look to benefits packages""including educational assistance""to meet the changing needs of new graduates. Educational assistance like tuition reimbursement and scholarships has become an increasingly common benefit, with 54 percent offering it in 2022""up from 35 percent last year.

U.S. international hiring bounced back to pre–pandemic levels with potential of continued growth for 2022

The world regions with the highest percentage of recruiters affirming that they plan to hire international candidates in 2022 are the Middle East (52%) and Western Europe (40%). In the United States, this year's survey results suggest an improving situation for international MBA and business master's graduates. Looking back at last year's actual hiring, 43 percent of U.S. recruiters confirmed they hired international talent in 2021""a bounce back from 35 percent in 2020 and 41 percent in 2019. In this year's survey, 56 percent of U.S. recruiters say that they either plan to make international hires in 2022 (35%) or are willing to (21%), up from 48 percent that said the same in the 2021 survey. Furthermore, 83 percent of U.S. tech companies say they either plan to make international hires in 2022 (62%) or are willing to (21%)""the most of any U.S. industry.

"As travel restrictions ease around the world and student mobility continues to bounce back, we are thrilled to have more international students back on campuses across the country. Our mission is to help our students find success and our graduates reap the benefits of the strong job market in the U.S.," said incoming GMAC Board Member and Dean of Carnegie Mellon Tepper School of Business Isabelle Bajeux–Besnainou.

Global corporate recruiters appear to be becoming more accepting of online degrees""with the noteworthy exception of the United States

The percentage of global recruiters who view graduates of online and in–person GME programs equally increased from 34 percent in 2021 to 60 percent in 2022, suggesting a significant growth in the acceptance of online programs. However, the notable outlier is corporate recruiters in the United States""where the lion's share of the world's online MBA enrollments are. Among responding U.S. corporate recruiters, just 29 percent agree that they view graduates of online and in–person GME programs equally, the lowest of any world region and down from 33 percent of respondents from the 2021 sample.

"The growth of online MBA programs has been so strong in the United States that for the first time, the total number of enrollments in online programs exceeded that of full–time, in–person MBA enrollments in the 2020–21 academic year, according to data from the Association to Advance Collegiate Schools of Business (AACSB)," said Sabrina White, vice president of school and industry engagement at GMAC. "Business schools are presented a unique opportunity to align expectations and outcomes for graduates and employers as online delivery emerges from the pandemic as an important part of the graduate management education industry."

About the Report
First launched more than two decades ago, the Corporate Recruiters Survey of 2022 was conducted by GMAC, together with survey partners EFMD and the MBA Career Services and Employer Alliance (MBA CSEA), in association with the career services offices at participating graduate business schools worldwide. In a change from previous years, GMAC Research worked with a market research firm to recruit additional participants to make the overall sample more globally representative. In total, 941 respondents from 38 countries completed this survey, including 539 corporate recruiters and 402 from staffing firms. Recognizing that nearly all responses in previous years came from corporate recruiters, only 2022 responses from corporate recruiters were leveraged to create multi–year comparisons. However, the robust sample of corporate recruiters and staffing firms allowed us to develop geographical snapshots in 2022 that were less apparent in previous years.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/3388f75b–1d4e–4329–be0c–ca4a494b76ce


GLOBENEWSWIRE (Distribution ID 8580670)