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June 2008 YTD GMAT VOLUME

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Director
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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 05 Aug 2008, 10:40
Numbers through end of July were released.

Registrations:
U.S. +4.85%
Intl +23.12%
Overall +11.7%

Tests taken:
U.S. +6.86%
Intl +21.27%
Overall +11.98%

I've said it every time these numbers come out but I'll say it again - everyone keeps saying wall street layoffs and the US recession will lead to a surge in apps, yet US registrations are only up 4.85%. I just don't see it. However, I do think app volume could be up 15-20% again this year - but it will be due to the continuing trend of increased international applications, not the US recession. When I saw the info on the percentage of international applicants at some schools on other threads I was shocked. It looks like this trend will continue. Most UE/E schools will probably have 50%+ international applications, but I don't think they are willing to go above a roughly 40% international class. That means most of the increased competition will be felt by the intl applicant pool.

One other thought I had, there is a chance that the schools may be overestimating the expected increase in apps. Some adcoms have spoke of 20% app increases, which may not happen. If that's the case, R2 could be easier than R1 as the adcom might reject R1 apps based on expected volume increases then get to R2 and realize that there are not as many applicants as they expected.

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 05 Aug 2008, 20:13
HBS said they're expecting a higher % increase in applications this year than last.

Last year they had a 16% increase => to 8,600
That means this year they're expecing 10k+ apps haha

yay gogo sub-10% acceptance rates :)

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 05 Aug 2008, 20:29
jasonc wrote:
HBS said they're expecting a higher % increase in applications this year than last.

Last year they had a 16% increase => to 8,600
That means this year they're expecing 10k+ apps haha

yay gogo sub-10% acceptance rates :)


This is making me feel more optimistic than anything. The rise in domestic tests taken is a joke and I bet the proportion of 700+ scores from domestic test takers is even smaller.
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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 06 Aug 2008, 06:54
The rise in apps may be an effect of people applying to more schools in the past on the assumption that it will be more competitive this year

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 06 Aug 2008, 08:14
Wait, who says there's anything preventing the top schools from filling 50%+ of their classes with international students? Concerns about job placements?

In any case, I wouldn't focus so narrowly on the domestic competition alone. A lot of us are going to be in competition with 27 year old consultants from Brazil who just want to chill out in New York, Boston or Sunny California with their fiancees for two years and then go back to work in Brazil. :)

I'm skeptical about the whole Wall Street layoffs angle myself, this is admittedly anecdotal but I don't know anyone within my circle of peers who is in banking, wants to stay in banking, and is looking to go to business school.

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 06 Aug 2008, 08:32
solaris1 wrote:
Wait, who says there's anything preventing the top schools from filling 50%+ of their classes with international students? Concerns about job placements?


If you look at the historical numbers, the % of international has never gone much higher than that no matter how many international applicants they have. I asked a top 10 adcom about this during an online chat once and they actually admitted that they did not expect to ever increase their international student poplulation over 40%. I think there's an attitude that american business schools have to have majority american students, and I think it's a very american attitude (you don't see anything similar at european schools for example).

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 06 Aug 2008, 08:35
also just to reiterate what others have said ... there is a general trend for many Non-US schools to start asking for GMAT scores where in the past no such requirement may have existed. Consequently not all of these additional Intl test takers will translate to apps to US and EU schools.
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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 06 Aug 2008, 08:39
sm332 wrote:
also just to reiterate what others have said ... there is a general trend for many Non-US schools to start asking for GMAT scores where in the past no such requirement may have existed. Consequently not all of these additional Intl test takers will translate to apps to US and EU schools.


Very true. There was something on the Ask Sandy thread that said that last year intl apps to US schools were up around 15% (I think) even though intl GMAT test taking was up 20+%. So, like you said, not all of those increased test takers will be US and EU applicants

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 06 Aug 2008, 13:00
IHateTheGMAT wrote:
solaris1 wrote:
Wait, who says there's anything preventing the top schools from filling 50%+ of their classes with international students? Concerns about job placements?


If you look at the historical numbers, the % of international has never gone much higher than that no matter how many international applicants they have. I asked a top 10 adcom about this during an online chat once and they actually admitted that they did not expect to ever increase their international student poplulation over 40%. I think there's an attitude that american business schools have to have majority american students, and I think it's a very american attitude (you don't see anything similar at european schools for example).


I think it is also a function of what American employers are looking for in potential hires. A significant factor in the shaping of business school class profiles is not only what matriculating students bring to the table in terms of contributions while at school but also appealing to companies hiring post graduation.

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Re: June 2008 YTD GMAT VOLUME [#permalink]

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New post 22 Aug 2008, 16:05
Just wanted to mention some good news/bad news for the international applicants from Accepted.com.

Good news: Some on this thread made the very good point that much of the 20+% increase in international GMAT registrations were applicants to non US schools. The number of non US schools is expanding and many that previously did not require the GMAT have started to add the test as a requirement. This theory was supported by some numbers posted by Accepted.com. International applicants to US business schools increased 10% last year even though GMAT registrations for internationals was up around 20% last year. That means its reasonable to assume that the 20+% increase we are seeing for international GMAT registrations this year does not mean there will be a 20% jump in international apps. Probably more like 10-15%.

Bad News: Although business schools saw a 10% increase in applications, there was only a 2% increase in admission offers. This seems to confirm the theory that the number of spots available for international students in US business schools is relatively fixed. So, as intl applications grow faster than US applications, it seems unlikely that the schools will increase the % of intls in their classes and increase the number of international student admits offered.

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Re: June 2008 YTD GMAT VOLUME   [#permalink] 22 Aug 2008, 16:05

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