There is stiff competition for each and every available seat for MBA programme all over the world. And the odds of 1:4 for entering a two-year full-time MBA programme and 1:3 for signing up for a full-time one-year programme is a clear indication of this competition.   

As per Lawrence Rudner, Vice-President, research and development, GMAC, "In 2008 and 2009, early in the Great Recession, there was impressive growth in the share of full-time MBA programmes showing application increases". And he added that, "In 2010 and 2011, there was a decline, but full-time programmes began to rebound in 2012 and look sturdier today".

It was also revealed that out of all the available forms, executive MBA had a year to forget. Every second college reported a drastic fall in the number of applications for this programme. Economic slowdown, increasing work demands, diminishing savings and rising fear of another slump among people, all had a say on this dipping numbers. The trend of fewer numbers of professionals opting to invest their time and energy to further their studies was also discovered by the survey.

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