Important Admissions Insights from the 2016 AIGAC MBA Applicant Survey

AIGACAIGAC (the Association of International Graduate Admissions Consultants) presented insights from its survey of recent MBA applicants and graduates at their annual conference last month. On your own business school application journey, knowing the trends below may help you know what your peers are thinking and better inform your choices:

Let’s look at some of the most interesting findings this study presented:

School Selections Impacted by Cost-Consciousness
41% of MBA applicants in this study indicated that affordability affected their final school choices, while 21% factored program cost and access to financial aid into creating their lists of target schools.

Related to this, applicants this year showed more of an openness to business school options other than the traditional two-year MBA program than they had in the past. This could be because these options reduce opportunity costs of the time away from employment prospects. The study also showed applicants’ interest in shorter full-time MBA programs (less than 2 years) jumped significantly from 33% in 2015 to 40% in 2016.

Reputation (Ranking) Still Matters Most
Although affordability has become an increasingly considered factor in the application process – with 30% of survey respondents including net costs in their school evaluations – an MBA program’s ranking is still the most influential aspect in deciding where to apply, with 74% of respondents factoring this into their school choice.

Other major school factors applicants considered in the application process were impact on career (48%), city/geographic location of the program (46%), and school culture (38%).

Optimism on Post-MBA Career
MBA applicants remained optimistic with their post-MBA prospects this year, with 41% of respondents expecting salary increases of greater than 50% within 6 months after completing their business school education.

The most popular post-MBA target career paths for applicants remain Consulting, Finance/Accounting, and Technology. The AIGAC report also shared actual post-MBA career trends, which showed a declining number of graduates going into Finance (from 43% in 2007 to 29% in 2013), while those going into Technology more than doubled (from 8% in 2007 to 17% in 2013).

Engaging Help for the Competitive Application Process
Realizing how competitive the MBA application process is, many applicants are tapping multiple sources of support. Top support systems are friends (44%), professional admissions consultants (39%), and family (30%). Only 17% of applicants reported going through the entire process with help from “no one”.

These findings show that applicants are realizing the benefits of gaining additional business school insights and wider perspectives as they compete for the coveted spots at the top MBA programs. Although the decision of where to ultimately pursue your MBA should, of course, be your own, hopefully this information can better inform your application process and help you determine some factors to consider when choosing a business school.

For more details about the 2016 AIGAC MBA Applicant Survey, please see AIGAC’s White Paper or slide presentation.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! And as always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Written by Edison Cu, a Veritas Prep Head Consultant for INSEAD. 

Take the 2016 MBA Applicant Survey and Win $500!

AIGACSince 2009, the Association of International Graduate Admissions Consultants (AIGAC) has regularly conducted a large survey to study trends among business school applicants. The results are shared with AIGAC member consultants and with MBA programs to help them better anticipate the needs of those who will soon apply to business school. Over the past few years, there have even been changes made to some business schools’ applications as a result of AIGAC survey findings!

This online survey should take just a few minutes to complete. We would love to receive as many responses as possible before the survey closes in early April – and we would like to see one of our readers win the $500 cash prize!

Simply click here to begin the survey.

More about the Association of International Graduate Admissions Consultants: AIGAC promotes high ethical standards and professional development among graduate admissions consultants, increases public understanding of graduate admissions consulting, and enhances channels of communication with complementary organizations and entities.

Thanks in advance for your participation, and good luck with the drawing!

Haven’t applied to business school yet? Call us at 1-800-925-7737 to speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Happening Today: What the GMAT Can (and Cannot) Do For Your MBA Candidacy

At 12:00 PM U.S. Pacific time today, Veritas Prep co-founder and CEO Chad Troutwine will conduct a live online seminar titled “What the GMAT Can (and Cannot) Do For Your MBA Candidacy.” Chad’s presentation is part if the Association of the first annual Association of International Graduate Admissions Consultants (AIGAC) Graduate Admissions Virtual Summit. There’s still time to register here!

The GMAT is a fundamental component in the candidacy of every top MBA applicant, but how important it is in the admissions process is debatable and often shrouded in mystery. This webinar will explore available data and present illuminating anecdotal evidence on the subject. In addition, it will introduce and scrutinize common myths surrounding the test and endeavor to separate fact from fiction, sometimes leading to hysteria among anxious business school applicants.

It will devote particular attention to the relative importance of the quantitative section of the GMAT and consider whether a poor effort on the AWA could undo an otherwise competitive application. This webinar includes a tutorial that will introduce valuable lessons for applicants seeking to maximize their GMAT score. It presents advice for the candidate who needs to mitigate a low score.

Prospective MBA applicants will leave the presentation with a clear understanding of how much value to assign to the GMAT in the admissions process. This webinar also offers proven GMAT preparation techniques and actionable advice for applicants with low GMAT scores.

There are still some spots left in today’s event. To register, click here!

For more GMAT prep help, visit the Veritas Prep site and find a course or a tutor near you. And, as always, be sure to subscribe to this blog and to follow us on Twitter!

Take the MBA Search Survey and You Just Might Win an iPod

AIGACWe pride ourselves on making the Veritas Prep blog a source of reliable information and valuable advice for you as you progress through the MBA admissions process. The Association of International Graduate Admissions Consultants (AIGAC), a non-profit organization dedicated to maintaining high ethical standards in the world of admissions consulting, is conducting a survey to help us better understand our readers’ goals and needs. As an AIGAC member organization, we’d like to invite all of our readers to share their school selection priorities and views on the MBA application process.

This online survey should take just 10 minutes to complete. We would love to receive as many responses as possible before the closing date of Friday, April 9th — and will be giving away an iPod Touch and two iPod Shuffles as a token of our gratitude! Of course, we will also share the results of the survey this spring to help all candidates better understand the nature of today’s applicant pool.

You can take the survey here.

Thanks in advance for your participation!

New MBA Admissions Survey

We pride ourselves on making the Veritas Prep Blog a source of reliable information and valuable advice on the MBA admissions process. To that end, as a member of the Association of International Graduate Admissions Consultants (AIGAC), we are conducting a survey to help us better understand our readers’ goals and needs. We would like to invite all of our readers to share their school selection priorities and views on the MBA application process.

This online survey should take just 10 minutes to complete. We would love to receive as many responses as possible before the closing date of Friday, March 20th. That end, AIGAC will will give away an iPod Touch and two iPod Shuffles as a token of gratitude.

Thanks in advance for your help! Please click here to participate. The survey is now complete. Thanks to everyone who participated!