Aug 08, 2009
Impact of Global Economy on the MBA pipeline
Categories: B-school News
Back in July 2008, the IMF projected a 3.9 percent growth in the world gross domestic product for 2009 – a prediction that had plunged to 1.3 percent retraction just nine months later.
Meanwhile, GMAT volume has risen—to a projected record of 265,000 for the testing year ending June 30, 2009, as US job losses have hit 6 million since December 2007. Chisholm showed how peaks in GMAT testing volume have corresponded with recessionary declines in US employment over the past three decades.
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