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mba.com Prospective
Students Survey Report2016
Candidate Marketing Insights
2016 mba.com Prospective Students SurveyResearch Services
Graduate business programs
develop marketing and recruitment
plans to attract high-quality
students and meet enrollment
objectives.
2016 mba.com Prospective Students SurveyResearch Services
The mba.com Prospective Students
Survey Report provides relevant,
timely, and actionable analysis about
the candidate pipeline to help
schools better connect with potential
applicants.
2016 mba.com Prospective Students SurveyResearch Services
Candidate Decision-
Making Timeline
2016 mba.com Prospective Students SurveyResearch Services
Candidates’ timeline for considering
graduate management education varies
by program type considered.
Preferred Program Type
Amount of time after completing
undergrad candidates first consider GME
Specialized business master’s 1 month
Full-time two-year MBA 2 years
Professional MBA 4.5 years
2016 mba.com Prospective Students SurveyResearch Services
The average timeline to business school
differs by generation.
First
consider
b-school
Register
on
mba.com
Sit for
the
GMAT
exam
Apply
Gen
Z
16
months
13
months
3
months
(born
1996-2010)
2016 mba.com Prospective Students SurveyResearch Services
Millennials 14
months
5
months
2
months
(born
1981-1995)
The average timeline to business school
differs by generation.
First
consider
b-school
Register
on
mba.com
Sit for
the
GMAT
exam
Apply
2016 mba.com Prospective Students SurveyResearch Services
Gen
X
2
years
5
months
Month of
testing
(born
1965-1980)
The average timeline to business school
differs by generation.
First
consider
b-school
Register
on
mba.com
Sit for
the
GMAT
exam
Apply
2016 mba.com Prospective Students SurveyResearch Services
The average timeline to business school
differs by generation.
Baby
Boomers
3.5
years
4
months
(born
1948-1964)
2
months
On average, Baby Boomers apply to
business schools 2 months before sitting
for the GMAT exam.
First
consider
b-school
Register
on
mba.com
Apply
Sit for
the
GMAT
exam
2016 mba.com Prospective Students SurveyResearch Services
A specific life event or circumstance is
typically the driving force to considering
a graduate management education.
23%
9%
10%
17%
17%
27%Sought new job, lacked skills
to be competitive
Reached plateau at work
Lacked knowledge to do job
Realized able to do same job
as consultant
Able to use employer tuition
assistance
No specific trigger
% of candidates
2016 mba.com Prospective Students SurveyResearch Services
Motivations and
Reservations
2016 mba.com Prospective Students SurveyResearch Services
Motivations for earning a graduate business
degree vary by program preference.
Full-Time MBA Professional MBA
Specialized Business
Master’s
• Change career
• Entrepreneurship
• Networking
• Make a difference
• Solve some world
problems
• Impact communities
• Develop managerial
skills
• Obtain a credential
• Accelerate career
• Become more
effective on the job
• Obtain a promotion
• Personal
marketability
• Have a sense of
accomplishment
• Develop technical
expertise
Distinct motivations by program preference
2016 mba.com Prospective Students SurveyResearch Services
Cost continues to be the biggest
reservation for candidates.
19%
22%
26%
46%
51%
Requires more money than
currently available
Requires taking on large debt
Time and energy
Effect on personal
relationships
Effect on personal plans
% of candidates
2016 mba.com Prospective Students SurveyResearch Services
School Selection
2016 mba.com Prospective Students SurveyResearch Services
Prospective students use a variety of
information sources to select programs for
their short list of schools.
Top sources consulted when selecting programs
School websites
School admissions professionals
Friends/family
Ranking publications
1.
2.
3.
4.
2016 mba.com Prospective Students SurveyResearch Services
In deciding where to apply, the program
information considered most influential varies
by candidates’ preferred program type.
Full-Time MBA Professional MBA
Specialized Business
Master’s
Percent of graduating class
with job offers
Program accreditation
Percent of graduating class
with job offers
Quality of faculty
Total tuition and required
fees
Total tuition and required
fees
Availability of scholarships Course format Quality of faculty
Total tuition and required
fees
Program completion time Availability of scholarships
Graduates’ starting base
salary and other
compensation
Quality of faculty Program accreditation
1.
2.
3.
4.
5.
2016 mba.com Prospective Students SurveyResearch Services
0%
10%
20%
30%
40%
50%
Quality/
reputation
Financial aspects Career aspects Program aspects Curriculum School culture School class
profile
Percentageofrespondents
Full-time MBA Professional MBA Business master's
Overall, prospective students weigh the
quality and reputation of a program more
heavily than financial aspects.
Most important program selection criteria, by preferred program type
2016 mba.com Prospective Students SurveyResearch Services
Download the
full report at
gmac.com/prospectivestudents

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Candidate Marketing Insights: 2016 mba.com Prospective Students Survey Report

  • 1. mba.com Prospective Students Survey Report2016 Candidate Marketing Insights
  • 2. 2016 mba.com Prospective Students SurveyResearch Services Graduate business programs develop marketing and recruitment plans to attract high-quality students and meet enrollment objectives.
  • 3. 2016 mba.com Prospective Students SurveyResearch Services The mba.com Prospective Students Survey Report provides relevant, timely, and actionable analysis about the candidate pipeline to help schools better connect with potential applicants.
  • 4. 2016 mba.com Prospective Students SurveyResearch Services Candidate Decision- Making Timeline
  • 5. 2016 mba.com Prospective Students SurveyResearch Services Candidates’ timeline for considering graduate management education varies by program type considered. Preferred Program Type Amount of time after completing undergrad candidates first consider GME Specialized business master’s 1 month Full-time two-year MBA 2 years Professional MBA 4.5 years
  • 6. 2016 mba.com Prospective Students SurveyResearch Services The average timeline to business school differs by generation. First consider b-school Register on mba.com Sit for the GMAT exam Apply Gen Z 16 months 13 months 3 months (born 1996-2010)
  • 7. 2016 mba.com Prospective Students SurveyResearch Services Millennials 14 months 5 months 2 months (born 1981-1995) The average timeline to business school differs by generation. First consider b-school Register on mba.com Sit for the GMAT exam Apply
  • 8. 2016 mba.com Prospective Students SurveyResearch Services Gen X 2 years 5 months Month of testing (born 1965-1980) The average timeline to business school differs by generation. First consider b-school Register on mba.com Sit for the GMAT exam Apply
  • 9. 2016 mba.com Prospective Students SurveyResearch Services The average timeline to business school differs by generation. Baby Boomers 3.5 years 4 months (born 1948-1964) 2 months On average, Baby Boomers apply to business schools 2 months before sitting for the GMAT exam. First consider b-school Register on mba.com Apply Sit for the GMAT exam
  • 10. 2016 mba.com Prospective Students SurveyResearch Services A specific life event or circumstance is typically the driving force to considering a graduate management education. 23% 9% 10% 17% 17% 27%Sought new job, lacked skills to be competitive Reached plateau at work Lacked knowledge to do job Realized able to do same job as consultant Able to use employer tuition assistance No specific trigger % of candidates
  • 11. 2016 mba.com Prospective Students SurveyResearch Services Motivations and Reservations
  • 12. 2016 mba.com Prospective Students SurveyResearch Services Motivations for earning a graduate business degree vary by program preference. Full-Time MBA Professional MBA Specialized Business Master’s • Change career • Entrepreneurship • Networking • Make a difference • Solve some world problems • Impact communities • Develop managerial skills • Obtain a credential • Accelerate career • Become more effective on the job • Obtain a promotion • Personal marketability • Have a sense of accomplishment • Develop technical expertise Distinct motivations by program preference
  • 13. 2016 mba.com Prospective Students SurveyResearch Services Cost continues to be the biggest reservation for candidates. 19% 22% 26% 46% 51% Requires more money than currently available Requires taking on large debt Time and energy Effect on personal relationships Effect on personal plans % of candidates
  • 14. 2016 mba.com Prospective Students SurveyResearch Services School Selection
  • 15. 2016 mba.com Prospective Students SurveyResearch Services Prospective students use a variety of information sources to select programs for their short list of schools. Top sources consulted when selecting programs School websites School admissions professionals Friends/family Ranking publications 1. 2. 3. 4.
  • 16. 2016 mba.com Prospective Students SurveyResearch Services In deciding where to apply, the program information considered most influential varies by candidates’ preferred program type. Full-Time MBA Professional MBA Specialized Business Master’s Percent of graduating class with job offers Program accreditation Percent of graduating class with job offers Quality of faculty Total tuition and required fees Total tuition and required fees Availability of scholarships Course format Quality of faculty Total tuition and required fees Program completion time Availability of scholarships Graduates’ starting base salary and other compensation Quality of faculty Program accreditation 1. 2. 3. 4. 5.
  • 17. 2016 mba.com Prospective Students SurveyResearch Services 0% 10% 20% 30% 40% 50% Quality/ reputation Financial aspects Career aspects Program aspects Curriculum School culture School class profile Percentageofrespondents Full-time MBA Professional MBA Business master's Overall, prospective students weigh the quality and reputation of a program more heavily than financial aspects. Most important program selection criteria, by preferred program type
  • 18. 2016 mba.com Prospective Students SurveyResearch Services Download the full report at gmac.com/prospectivestudents