Global interest in MBAs drives both the growth of MBA online schools and the number of students taking the GMAT. There is a growing interest worldwide in students with American MBAs. The third highest number of GMAT tests taken occurred in 2011, but with a caveat. A large number of those taking the test weren’t from the US. This trend is accelerated by the accessibility of MBAs via online schools.
Social Media, which is a global phenomenon, appears to fuel this interest. Since 2007, the proportion of non-US citizens taking the GMAT MBA entrance exam has increased 67 percent. Between 2010 and 2011 alone, there was a 15 percent increase. These facts are reported extensively in social media. Education Nation from NBC and the many Facebook pages and blogs from specific colleges and universities have exhaustive reports on the employment outlook for recent MBA graduates
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There are a number of reasons among both prospective employees and employers for the interest in MBAs. First, there is a better than average chance that a person, irrespective of gender or nationality, of finding work. Among the MBAs who graduated in 2011, 86 percent had jobs waiting for them after graduation. This is only slightly lower than the class of 2011 in which 88 percent had jobs waiting. While the pre-degree work experience and the program pursued had some impact upon employability, these statistics are more favorable than those of other degree categories.
In terms of return on investment, MBAs appear satisfied. Seventy-five percent of the 963 alumni of the 2011 class report that they wouldn’t have their jobs without an MBA. Ninety-three (93%) percent of class of 2011 found the job that they wanted. Eighty-two percent said that their salaries were in line with their expectations.
According to a survey by Georgetown University’s Center on Education and the Workforce. Employment rates vary by academic discipline with the highest unemployment among architecture majors and those in the arts. For those without college degrees, the outlook is far worse. The same study reports that “unemployment rate for recent bachelor’s-degree recipients is 8.9 percent, compared with 22.9 percent for recent high-school graduates and 31.5 percent for recent high-school dropouts.” For any student anywhere in the world today, The growth of MBA online schools proved that an MBA provides more opportunities than either high school or a bachelor’s degree. Those opportunities appear to be global.
via : eltalearning.com