Graduate Management Admission Council (GMAC) conducts a survey recently on prospective students said "India stands among the top five global destinations" for the candidates aspiring to pursue Master of Business Administration (MBA) courses in a foreign country.
The survey, conducted on 12,000 individuals from 30 countries unveiled the behavior, motivation, programme choices and intended career outcomes of aspirants.
The prospective students are categorised into three groups based on their career goals: career switchers (38% of overall survey respondents), career enhancers (34%) and aspiring entrepreneurs (28%) out of which 28% stated that they intend to set up their own business, compared to just 19% five years back.
Aspirants from Africa (45%), Latin America (44%) as well as Central and South Asia including India (43%) led the group. Around 52% of the prospective students prefer to pursue higher studies outside their country, which has shot up from 40% in 2010.
The increased inclination towards foreign institutes is most noticeable among people of the Asia-Pacific region. Thus, the number shot up to 94% in 2014 against 88 % in 2010.
This is subsequently followed by the Middle East and the number here has increased from 58% in 2010 to 72% in 2014.
The leading 10 study destinations in order of preference are: the US, the United Kingdom (UK), Canada, France, India, Hong Kong, Germany, Singapore, the Netherlands and Australia.
According to the survey "Around 53% of the Indians prefer to study in the US, whereas 21% and 7% indicated preference for India and the UK respectively. The US has maintained its top spot as an international study destination for around two-thirds of prospective students throughout the world, which has come down from 73% in 2010."
The other leading locations are the UK where 6% aspire to study, followed by Canada where 5% wish to go for studies. Next in line are France and India where 3% (each) wish to study. Hong Kong, Singapore, Germany and the Netherlands have 2% (each) aspirants, whereas Australia has 1%.
Hong Kong, Canada, Germany ,the Netherlands, France, the UK and Australia are the destinations which saw the highest surge of interest by prospective students between 2010 and 2014.
Source: The Economic Times