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GMAC: Business Schools Are Crucial To Skilled Immigration

Posted on October 28, 2019
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Business School Students

In the recently released Report Early Warning Signals: Winners and Losers in the Global Race for Talent, the Graduate Management Admission Council (GMAC) examines various crucial factors, which include –

  • The role that immigration has to play in the growth and productivity of global economies.
  • The necessity of supporting international mobility of talent across borders globally.
  • The important role that business schools play as the gatekeepers to immigration of the skilled variety, which in turn leads to talent development.

For the purposes of this report, data was analyzed from many countries – the U.S., the U.K., Canada, China, and India.

Founded in the year 1953, GMAC is committed to the advancement of admissions by representing the industry and offering various services, for students as well as schools.

The Graduate Management Admission Test (GMAT) is administered by GMAC.

Ever since initially being administered in 1954, GMAT scores are relied on by 7,000+ graduate programs worldwide.

Globally, 9 out of every 10 new enrolments for MBA are made using GMAT scores.

The recent findings by GMAC have underlined the importance of immigration for the growth and productivity of economies internationally.

Bill Boulding, Chairman of the GMAC Board as well as the Dean of Duke University’s Fuqua School of Business, is of the opinion that business schools are in the unique position to explain how the mobility of talent across the borders is connected with economic growth.

Analyzing data from GMAC’s 2019 Application Trends Report, GMAC investigated talent flow into certain specific countries.

Current flow of talent into specific countries: Key Findings

Country

Finding

Canada In 2019, Canada recorded an 8.6% increase in business school applications from international students.
U.K. 61% of business programs in the U.K. reported an increase in the number of international applications in 2019, as compared to the previous year.
India While talent continues to flow from India to overseas, there is also an increase in interest in domestic schools.
China Business schools in China are gaining prominence. 6 of the top 50 in the Financial Time’s Global Top 50 MBA programs belong to China. CEIBS ranks at #5.
U.S. In 2019, U.S. saw a 13.7% decline in international applications for business schools.

Regions in which international students wish to pursue studies are more likely to be winners in economic development as these are the regions that are attracting global talent.

As per Sangeet Chowfla, President and CEO of GMAC, “Quality business schools are emerging around the world and the competition for talent is fierce, the sign of a vibrant marketplace”.

Business schools and policy makers can together help in maintaining diversity in the classroom in the international business schools.

Y-Axis offers a wide range of visa and immigration services as well as products to the aspiring overseas immigrants including Course Recommendation and Admission Application Process.

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