We utilize a longitudinal survey of registrants for the Graduate Management Admissions Test
(GMAT) to estimate the economic returns to an MBA. The GMAT exam, an admissions requirement
for most MBA programs, is similar to the SAT for undergraduates without the competition from
the ACT. The survey, sponsored by the Graduate Management Admissions Council (GMAC), was
administered in four waves, beginning in 1990 and ending in 1998.
14 In addition, survey responses
were linked to GMAC’s registration and test data, which includes personal background information
and GMAT scores. The initial sample size surveyed in wave 1 was 7006, of which 5602 actually took
the test. We focus our...
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Sách Explore Options; Plan Your MBA Academic Program
Sách Explore Options; Plan Your MBA Academic Program
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