No matter the state of the economy, people still want MBAs

Many people want MBAs due to the financial benefits
Many people want MBAs due to the financial benefits

The economy has caused a number of people to reconsider their education, options as many are hoping to earn job security with a higher degree. However, a new study reports that the majority of people who are considering master's of business administration (MBA) programs would do so regardless of how the market was faring. The Graduate Management Admission Council (GMAC) recently released a report that profiled more than 40,000 individuals who were considering an MBA degree over the past two years. While the dedication is there, it appears as though many are still concerned about the high costs of a typical MBA program. The survey found that the majority of potential MBA students would be using loans, followed closely by personal savings and grants, fellowships or scholarships. Additionally, while potential students in the U.S. and Canada stick to applying to schools within their own countries, international residents not only narrow in on local MBA programs, but also apply to institutions in countries all over the world.

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