Global Surge in Demand for Business Education Amid Economic Challenges

Increasing Demand for Business Education Globally



In a world marked by economic volatility and geopolitical tensions, the demand for business education has reached new heights. A recent report from the Graduate Management Admission Council (GMAC) reveals that 2025 witnessed a significant 7% increase in applications for Graduate Management Education (GME) programs globally. This upsurge builds on an already record-breaking year, showcasing an evolving landscape for business schools worldwide.

Key Findings from the GMAC Study



The findings from the Application Trends Survey, the largest of its kind, show varying growth rates across different program types, formats, and regions. While regions like Canada, the United States, and the United Kingdom saw a dip in applications—largely due to stricter visa policies and economic uncertainties—Asia and parts of Europe (excluding the UK) reported a marked increase in interest. Notably, applications from India rose by 26%, and regions in East and Southeast Asia saw an astonishing 42% increase, demonstrating the effectiveness of local business schools' marketing strategies and reputation-building efforts.

Joy Jones, CEO of GMAC, emphasized that the next era of business education will be reshaped by changing expectations from students and employers, challenging geopolitical landscapes, and new skill requirements driven by technologies like AI. Despite facing headwinds, the increase in applications signifies that business schools are adapting swiftly through innovative curricula and industry-focused experiences to maintain relevance in a fast-changing world.

Shifting Demands for Program Types



The demand for GME programs is increasingly concentrated on full-time formats, particularly the two-year MBA and business master's programs in accounting, finance, and marketing. In contrast, the Master of Business Analytics programs have been notably less appealing, with nearly two-thirds experiencing a decrease in applications for the second consecutive year. Additionally, over half of the executive, online, and part-time MBA programs reported declines, in stark contrast to the growth seen in full-time MBA programs.

This divergence may reflect evolving applicant preferences in light of widespread return-to-office mandates, which have altered how prospective students perceive the value of flexible learning options.

Embracing AI and Sustainability in Curricula



The integration of artificial intelligence (AI) into the classroom has become almost ubiquitous, with only 16% of programs stating they would not incorporate AI in 2025, down from 22% the previous year. More than half of educational institutions now utilize AI as a tool for decision-making, corporate strategy, and addressing social implications, often through practical applications and real-world experiences.

Sustainability is increasingly becoming a distinguishing feature among business programs, with three-quarters offering paths to study this crucial topic—most often within MBA curriculums. The data indicates a strong preference among applicants, with 63% indicating that sustainability is a key factor in their decision-making regarding education.

Regionally, Asian programs outside of China and India have a lower likelihood of requiring sustainability-focused courses than their U.S. counterparts, which may signal varying educational expectations across different markets.

Gender Representation in Business Education



While the share of women in overall higher education applications has remained steady at just above 40% for over a decade, the proportion of female applicants for MBA programs showed a slight uptick in 2025, indicating faster application rates compared to their male counterparts. This trend highlights a persistent push towards equity in business education, as women’s representation in business-related master's programs continues to approach parity.

Conclusion



The GMAC’s Application Trends Survey serves as an essential resource for business school administrators and admissions teams seeking to understand evolving applicant behaviors and preferences. This year's report, based on responses from 1,172 programs across 326 business schools in 41 countries, offers comprehensive insights into the current state of business education applications. For further details on the key findings of the GMAC 2025 Application Trends Survey, visit GMAC.

In a world fraught with uncertainties, the growth in applications for business education clearly signals the ongoing importance of skilled leadership and robust management practices. As the landscape continues to evolve, so must the institutions that prepare the next generation of business leaders.

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