Based on this information, Linda writes, "What does it mean for you? It means that if you are a marginal candidate for the school that you are really interested in, you should either improve your profile in preparation for your Fall 2005 application or strongly consider a third round application."
Linda also comments on why this year is a good year to be applying to B-school," Although it is really too soon to tell if this is the beginning of a trend, I have long felt and written that this was a great year to apply because application volume is down. I have also suspected that the pendulum would begin to swing back starting next year. If MBA hiring continues at a good clip and the media reports six-figure pay packages for newly-minted MBAs, next year will be a more competitive year than this year or last year."
What the chart doesn't tell you is what countries the numbers are coming from. So I've included some facts on that below. I've also included some bullet points from GMAC that are good points to take into consideration when reviewing the stats. (Data from GMAC)
Monthly GMAT® volume in January 2005 rose among citizens of several countries at a particularly rapid clip compared with the same period in 2004. These countries include Taiwan, which showed a 37% increase; France (up 14%); and Greece and India, which each registered a 12% bump in testing volume among their citizens.
The current worldwide volume is greater than in January 2004 and close to the worldwide volume in January 2003.
The number of GMAT® tests taken in the United States during January 2005 is greater than the figure for the first month of 2004, and is close to the number of GMAT® exams taken in the United States during January 2003.
The trend is similar for GMAT® tests taken outside the U.S. The current non-U.S. volume is greater than the non-U.S. volume experienced during January 2004.
GMAT® Volume Begins 2005 on the Rise The GMAT® volume for January 2005—18,287 worldwide—shows a 4.8% increase when compared with the number of tests taken during January 2004. This reverses the year-over-year declines for the month of January that were recorded in 2004 and 2003.
The number of tests taken during January 2005 in the United States shows an increase of 5.5% from testing volume during the same month a year ago. Outside the United States, testing volume increased at a slower pace, 3.5%.