Business schools in Canada and Europe are seeing soaring numbers of international students enrolling on their graduate programs due to better post study work visa access, as US business schools see a decline in popularity among international candidates.
According to the Graduate Management Admission Council’s (GMAC) Application Trends Survey Report 2019, graduate programs at European business schools have seen a 56% rise in international applications.
The rise from 2018 to 2019 of international applications to European schools overall rose by 0.9%.
Conversely, international applications to US programs dropped by 13.7%.
This decline in US applications has benefited Canada also. This year, around half of responding Canadian programs reported international application growth with 26% noting this growth was significant.
Overall, Canadian schools saw international applications increase by 8.6% between 2018 and 2019.
The survey revealed that the percentage of international business school candidates planning to apply to a program in Europe has increased from 63% in 2017 to 69& in the first half of 2019.
In the same period, Canada has seen a rise from 28% to 30%.
Of the candidates who would choose Europe as their preferred study destination, 70% stated that the reputation of the educational system was a top reason. 65% stated that improved chances of an international career was a main reason also.
This is logical, given that four of the top 10 most popular countries for business school candidates in 2019 are in Europe.
Post study work visa attracts foreign students to Canada
The ease of obtaining a work permit was a top reason for 49% of those who would choose the country as their preferred study destination; the ease of obtaining a Canada post study work visa was a top reason for 29% of candidates.
Other reasons that make Canada so attractive to international students include the availability of financial aid (39%) and safety and physical security (44%).
Canada ranked as the third most popular country for business school candidates in 2019.
Earlier this year, foreign students in Canada were told they can now stay for up to 6 months in the country after the Canada government announced changes to its popular post study work visa Post-Graduation Work Permit Programme (PGWP).
Foreign students number up in UK despite Brexit concerns
Despite Brexit looming over the UK, three in four UK MBA programmes reported that their international application volumes either grew (64%) or were stable (11%) when compared with last year. Only a quarter of programmes saw a decline, with this being only minimal (18%).
A survey conducted late last year of non-UK citizens who sent a GMAT score to a UK business school programme, 54% said that Brexit had no impact on their decision to study in the UK, a rise compared to 46% two years prior.
Pic: Anugrah Lohiya
Kate Frazer is a reporter for Global Education Times with a focus on UK/Ireland and North American education news. When she is not writing for GET News, Kate spends her time as an English and Maths tutor, and is currently pursuing her PGCE in Secondary Mathematics.
You can reach her at: firstname.lastname@example.org