GMAC in its latest survey reported that 2008 MBA applications are highest in the last five years. Specially in full-time programs where 77% of the survied people said they saw application levels increase compared to 2007′s 64%. Part-time and executive MBA has applications rise but not at the same level as full-time MBAs.

The 2008 Application Trends Survey includes responses from 521 graduate management programs at 273 educational institutions in the United States, Europe and other parts of the world. About two-thirds of the respondents are U.S.-based.

Here is GMAT trends from GMAC survey :

GMAT® Trends: Total Tests Taken via kwout

The Graduate Management Admission Test (GMAT) is administered by GMAC and is used
by approximately 4,000 graduate management programs at some 1,800 business schools around the world to screen MBA applicants.