| Economic uncertainty causes a beeline for business schools and the GMAT
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| 11/4/2008 |
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The current economic uncertainty has created boom-time for business schools and admissions consultants. An article by the Washington Post reports that many laid off people are looking for sanctuary by enrolling in B-schools so that they can weather out the economic downturn.
At the same time, the business schools are flooded with applications, so the process has become hyper-competitive. A record number of people are signing up for the GMAT exam; registrations to take the test have risen to 223,000 so far in 2008, compared to 173,300 for the same period in 2005.
Many people feel that the economic downturn is a good time to seek the shelter of a business school and acquire new skills.
One of the problems facing applicants to business schools is differentiating themselves from the other applicants in the pool. With so many applicants having backgrounds in banking and finance, there is going to be a scramble to one up on and stand out from peers.
One of the best ways to set apart the top of the pack from the rest is to use GMAT scores. Expect lots to people to work hard to prepare for the GMAT. Expects lots of people to use gmatscore.com |
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