Earlier this week the Graduate Management Admission Council (GMAC)
reported that a record number of GMATs were taken in testing year 2012,
which ran from June 1, 2011, through June 30, 2012. In that period
286,529 GMAT exams were administered, up 11% from the 2011 testing year,
and up 8% compared to the previous record of 265,613 in 2009. That’s
right. Amid all of the doom and gloom and reports of double-digit
percentage declines in applications sent to some of the top U.S. MBA
programs, applicants took more GMATs last year than in any year before!
What gives? has the market for graduate management education turned the corner? Could we see 300,000 GMATs administered in a year pretty soon?...