The only one to benefit from the economic slowdown is B-schools that have witnessed an upsurge in applications by as much as 24% among the 683 management programmes across 72 countries of the world. In US itself, the full time management programmes have seen a 52% rise while the Asia pacific region, it is 53%.
The most benefitted universities are that of Europe exhibiting an soaring percentage of 73%. In Indian context, the figures for CAT registrations are 1,93,596. With respect to the surveys of the Graduate Management Admission Council's 2013 Applications Trends Survey, the average number of applications for several MBA programmes rose in comparison to the last year.
The director- Institute of Management Technology, Ghaziabad, Bibek Banerjee said,” It is basically economics of opportunity. It is a worldwide phenomenon, where demand, especially for management education, goes up during recession. Whenever the market is drying up it is good to invest in education.”
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