Trends Analysis of GMAT(GMAC) Market in India for Fifteen Years (2001-02 to 2015-16)

Abstract

India has been a huge market for GMAC, and the country has the potential to grow bigger market for the GMAC. In the testing year 2001-02, 12963, Indian citizens took the GMAT exam while by 2015-16, it has gone to up to 33123 with a growth of 155%. Statistics reveal that compared with a decade ago, the GMAC market in India has become a big boon for Indian and international business schools to tap the potential candidates for their business programs. Most of the Indian MBA aspirants apply for MBA programs global, mainly to the US based programs. We do not see any top business school in the world without admitting any Indian citizen, and that is the popularity of Indian students worldwide. Asians, mainly the Chinese and Indian MBA aspirants make a beeline to the top business schools such as Harvard, Stanford, Wharton, Insead... etc. Indian citizens per cent was 5.2% in the testing year 2001-02, 6.0% in the testing year 2002-03, 5.9% in the testing year 2003-04, 6.7% in the testing year 2004-05, 8.0% in the testing year 2005-06, 9.8% in the testing year 2006-07, 11.6% in the testing year 2007-08, 11.5% in the testing year 2008-09, 10.2% in the testing year 2009-10, 9.8% in the testing year 2010-11, 10.5% in the testing year 2011-12, 10.6% in the testing year 2012-13, 11.6% in 2013-14, 11.7% in the testing year 2014-15, and 12.6% in the testing year 2015-2016. It is good to see there was a double-digit growth eight times in the fifteen years. The present article analysis the GMAC examination trends in India for the last 15 years.