In 2023, the number of applicants for the postgraduate entrance exam reached 4.74 million.
The demand for pursuing a master’s degree is increasing. It is worth noting that the number of graduate students in Beijing who have surpassed undergraduate students has become a hot topic.
However, according to media reports, the admission rate for this year’s postgraduate entrance exam is not more than 20%. In other words, over 3 million postgraduate candidates are destined to be unsuccessful.
This reality has deterred those professionals who originally intended to improve their education, switch careers, or seek job changes through pursuing a master’s degree.
On the other hand, this reality has unexpectedly boosted the popularity of MBA programs.
In comparison, MBA programs have relatively lower prerequisites in terms of educational background, require material submissions, and have simpler entrance interviews and written exams compared to regular postgraduate entrance exams. As a result, MBAs have become a new choice for professionals.
An MBA consultant told a reporter from Yicai Finance that in recent years, the number of MBA applicants has been consistently increasing, and the applicants are getting younger.