2-year MBA programs remains popular as enrolment in 1-year, specialized programs dips

October 7, 2014

New data from the Graduate Management Admission Council (GMAC) show that full-time, 2-year MBA programs remain the standard in business education. Compared to 2013 figures, applications increased or were stable for 65% of 2-year MBA programs considered in the study, while applications decreased in 60% of 1-year and specialized graduate programs. The longer duration of the 2-year MBA may actually be the key to its appeal, in spite of the added cost. “It might offer additional time with classmates for networking, internships, activities for case competitions, or even exchange for study abroad,” said GMAC’s Director of Research Communications, Michelle Sparkman. Most (55%) flexible MBA programs also reported an increase in the number of applicants compared to 2013, while 43% of online MBA programs reported an increase in applications and 50% a decrease. GMAC also reports that Canada ranked 10th as a target for recruiters, ahead of France and the United Kingdom. Globe and Mail | Full Report