Much has been written about the MBA degree’s demise — for the first time, global applications fell, if only marginally, last year. But while the US is losing market share, in Europe, Asia and Canada, MBA applications at many schools are booming and look likely to continue in the years ahead, thanks to strong overseas demand for shorter, cheaper MBA courses as well as diverse cohorts and easier access to work visas. 

America, the birth place of the MBA, has long been biggest and most popular study destination for MBA aspirants. Despite a growth in number and stature of business schools in Europe, Canada and Asia Pacific they have done little to shift the MBA rankings that heavily influence prospective students. Over half of the business…

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