Latinos Defy an MBA Trend

The WSJ reports that MBA applications are on a downward trend:

Applications for two-year, full-time M.B.A. programs that start this fall dropped an average of 9.9% from a year earlier, according to new data from the Graduate Management Admission Council, which administers the Graduate Management Admission Test. The decline marks the third year in a row that applications have fallen.

However, GMAT data shows that there seems to be one demographic group that seems to be bucking the trend – Latinos:

Out of 127,061 GMAT exams taken by US citizens in testing year 2010 (July 1, 2009–June 30, 2010), 7,486 were taken by Hispanic Americans, a 25 percent increase from five years before.