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ERIC Number: ED598170
Record Type: Non-Journal
Publication Date: 2019-Mar
Pages: 28
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Brexit and Graduate Management Education in the United Kingdom. Market Intelligence
Graduate Management Admission Council
Since the 2016 vote to leave the European Union, business schools in the United Kingdom (UK) have continued to experience strong demand from non-UK citizens despite fears that Brexit would repel international business school candidates. The Graduate Management Admission Council (GMAC) has been tracking Graduate Management Admission Test™ (GMAT™) examinee interest in studying in the UK since the Brexit vote with periodic surveys of non-UK citizens who sent a GMAT score report to a UK business school program. Most recently, survey findings from December 2018 show that 54 percent of respondents overall say Brexit has no impact on their decision to study in the UK, up from 46 percent in December 2016. Likely bolstered by a falling pound and reduced interest in the United States as a study destination over the same period, there has been an increase in candidates' selecting the UK as their first-choice country for their business school experience. The survey findings show that candidate consideration of the UK as a study destination is driven by the reputation of the UK educational system, candidates' desire to develop an international network, and candidates' desire to improve their chances of having an international career. Their ultimate selection of a study destination is primarily influenced by a desire to study at a specific program or school in the location. The survey findings also show, however, that there is some hesitancy among candidates amidst the uncertainty of the looming exit from the EU. While overall most respondents to the December 2018 survey say Brexit has no impact on their decision making, about half of non-UK Europeans say they are less likely to decide to study in the UK because of Brexit (51%). Most non-UK candidates overall consider Brexit a detriment to the availability of student and work visas in the UK and over time candidates' perception of the impact of Brexit on the cost of education and living in the UK have become more negative. [Contributors of this report are Greg Schoenfeld and Matt Hazenbush.]
Graduate Management Admission Council. 11921 Freedom Drive Suite 300, Reston, VA 20190. Tel: 866-505-6559; Tel: 703-668-9600; Fax: 703-668-9601; e-mail: customercare@gmac.com; Web site: http://www.gmac.com
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Graduate Management Admission Council (GMAC)
Identifiers - Location: United Kingdom; European Union
Identifiers - Assessments and Surveys: Graduate Management Admission Test
Grant or Contract Numbers: N/A