Global Demand for African Students

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Global Demand for African Students

  1. 1. The  Global  Demand  for  African  Students   A  World  of  Opportunity  for  Africa     Ben  Glover  –  EMEA  Regional  Director   Ron  Sibert  –  Africa  Business  Development  Director   The  Graduate  Management  Admission  Council  
  2. 2. Programs  (by  location)  with  recruiting  efforts     in  AFRICA  for  GME  Applicants     2013   Africa-­‐based  programs   13   APAC   2   Europe   12   United  States   4   Total  number  of  programs  recruiting  in  AFRICA   31   Source:  GMAC  Application  Trends  Survey,  2012  and  2013   reports     2012   13   2   10   10   36  
  3. 3. Shifts in Student Age Populations Worldwide  Change   (2010  to  2030):   +  41  million   Projected Change in # of 20-29 Year Olds from 2010 +  5  million   10%   North  America   +  5  million   La8n  America   0%   -­‐  29  million   Asia   -­‐10%   -­‐20%   -­‐  28  million   Europe   -­‐30%   2010   2015   Source:  US  Census  Bureau  InternaLonal  database   2020   2025   2030  
  4. 4. ShiYs  in  Student  Age  PopulaLons       %  change  in  #  of  20-­‐29  year  olds  from  2010  by  region   60%   Worldwide  Change   (2010  to  2030)     +4%   Africa,  +49%   50%   40%   30%   20%   10%   LATAM,  +4%   0%   Asia,  -­‐4%   -­‐10%   -­‐20%   -­‐30%   Europe,  -­‐23%   2010   2011   2012   2013   2014   2015   2016   2017   2018   2019   2020   2021   2022   2023   2024   2025   2026   2027   2028   2029   2030  
  5. 5. Tui8on  Assistance  Programmes   Percentage  of  Programmes  Offering  Tui8on  Assistance  in  2013   96%   Full-­‐Time  2-­‐Year  MBA   Full-­‐Time  1-­‐Year  MBA   93%   Flexible  MBA   93%   90%   Master  in  Management   Master  of  Accoun8ng   87%   Master  of  Finance   86%   65%   Part-­‐Time  MBA   Execu8ve  MBA   Online  MBA   Source: GMAC Application Trends Survey 2013 57%   52%   Percentage  of  programmes  
  6. 6. Scholarship  Awards  by  Programme  Type   Scholarship Awards, 2013 % Programs Offering Scholarships Average % of Student Recipients Master in Management 87% 23% Full-Time Two-Year MBA 43% Full-Time One-Year MBA Online Distance MBA Executive MBA Source: GMAC Application Trends Survey 2013 76% 26% Master of Accounting Part-Time MBA 82% 39% Master of Finance Flexible MBA 83% 69% 37% 66% 21% 48% 18% 13% 33% 33% 25%
  7. 7. Forms  of  Assistance  by  Programme  Type   Percentage of Programs Offering Tuition Assistance, by Type of Funding, 2013* 76% 33% MiM, MAcc and Mfin (combined) 18% 5% Scholarships   14% 48% Assistantships   21% 11% 6% 13% Professional MBA (combined) Fellowships   S8pends   82% Reduced   tui8on   39% Full-Time MBA (combined) 24% 16% 14% 0%   50%   Percentage of programs *Percentages do not sum to 100 due to multiple selections. Source: GMAC Application Trends Survey 2013 100%  
  8. 8. Africa-­‐Focused  Graduate  Opportuni8es   •  MasterCard  Fellowship   •  Harambe  Entrepreneur  Alliance   •  Stanford  Africa  MBA  Fellowship   •  FoundaLon  for  African  Leadership  in  Business   •  Rio  Tinto  
  9. 9. African  Student  Study  Des8na8on  Preferences   Scores  Sent  by  African  Citizens TY2009 School  Country Scores  Sent 1.          United  States                    11,037   2.          United  Kingdom                        1,687   3.          South  Africa                        1,133   4.          Canada                        1,048   5.          France                                595   6.          Kenya                                383   7.          Egypt                                262   8.          Spain                                142   9.          Switzerland                                111   10.      Australia                                    90   17,051 Total  Scores  Sent TY2013 % School  Country Scores  Sent 64.73% 1.          United  States                        8,294   9.89% 2.          Canada                        1,488   6.64% 3.          South  Africa                        1,178   6.15% 4.          United  Kingdom                        1,138   3.49% 5.          France                                728   2.25% 6.          Kenya                                380   1.54% 7.          Egypt                                249   0.83% 8.          Spain                                178   0.65% 9.          Netherlands                                    91   0.53% 10.      Switzerland                                    79   100% Total  Scores  Sent 14,375 % 57.70% 10.35% 8.19% 7.92% 5.06% 2.64% 1.73% 1.24% 0.63% 0.55% 100%
  10. 10. The  Situa8on  in  Africa   •  African  college  graduates  report  being   uncomfortable  with  career  prospects   •  Shortage  of  domesLc  management  talent     •  African  graduate  management  candidates  are  in   short  supply   §  GMAT  score  lag  of  African  examinees   §  Preparedness  NOT  capability  is  the  issue   •  PreparaLon  and  awareness  to  increase  the  pool    
  11. 11.    PreparaLon Amount  of  Time  Spent  Preparing  for  the  GMAT   by  African  Respondents   The  majority  of  African   examinees  (54%)  study   between  one  and  six   weeks  for  the  GMAT     On  average,  they   prepare  slightly  less   than  their  global  peers     Source:  2011  mba.com  ProspecLve  Students  Survey,  GMAC   27%   27%   18%   11%   12%   5%   Did  not   Less  than   prepare  in   one  week   advance   One  to   three   weeks   Four  to  six   Seven  to   Ten  weeks   weeks   nine  weeks   or  more  
  12. 12. Key  things  to  know  about  the  GMAT®  Exam   •  What  makes  it  different  from  tradiLonal  tests?   §  Computer  AdapLve   §  Higher  order  reasoning   •  What  makes  preparaLon  different?   §  Time   §  Focus   §  Effort  
  13. 13. What  is  the  prepara8on  8me  investment?    
  14. 14. GMAC  Africa  Pipeline  Advisory  Group   2013  ParLcipants  Represented:   •  Booth  GSB  (University  of  Chicago)   •  Fuqua  Business  School  (Duke  University)   •  Global  Business  School  Network  (gbsn)   •  Lagos  Business  School   •  Stanford  Graduate  School  of  Business   •  Strathmore  Business  School   •  Vanderbilt  (University  of  Tennesee)   •  The  Wharton  School  (University  of  Pennsylvania)  
  15. 15. Key  APAG  Recommenda8ons   •  PromoLng  awareness/value  of  GME   •  Undergraduate  Career  Development  Programmes   §  §  §  §  GMAT  PreparaLon  included   GMAT  exam  as  exit/capstone   GSB  and  corporate  support  via  voucher   Mobile  access  to  prep  materials   •  GME-­‐Corporate  Internship  CollaboraLve   •  Engagement  via  Social  Networks  w/messaging  

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