Sangeet Chowfla, president and CEO of Graduate Management Admission Council (GMAC), discusses the ways restrictions on student mobility can affect global business education.
Dan LeClair: [00:05] The current environment as it relates to student mobility and some of the uncertainties regarding student mobility; I know GMAC is stepping up and doing some things to be helpful. Could you tell us a little bit about how GMAC is responding to this?
: [00:29] Graduate management education was built on this sort of fundamental tenant of global access. 2016 changed all that.
[00:38] We had Brexit, which was built around a protectionist sentiment. We actually did a quick survey at this point directly after that, and found that 45 percent of students who had already sent one score to a U.K. school said they were less likely to follow through and actually apply.
[00:55] After the election in the United States, 37 percent of international students said that they were less likely to follow through and apply.
[01:03] The scary part of it was 51 percent of international students with a score of over 700, the top 10 percentile, said they were less likely to apply because they said they have options elsewhere with great business schools around the world.
[01:17] The mobility and the international talent flows have sort of been challenged over the last year, and they may have implications for business schools.
[01:30] LeClair: And business long term.
[01:32] Chowfla: Business long term, exactly.
[01:32] LeClair: Thank you for talking with me.
[01:35] Chowfla: Thanks, Dan.
Filmed February 2017 on site at AACSB's Deans Conference in New Orleans, Louisiana, USA.