India has reason to be proud as Indian Business schools offering MBA programs are among the top five preferred study destinations worldwide, ahead of countries like Hong Kong, Germany, Singapore, Netherlands and Australia. The study revealed that more than rankings, the selection of B-school is made under factors such as quality of faculty, job placement, program type and fee structure. The study was conducted by Graduate Management Admission Council rankings. According to Gregg Schoenfeld, GMAC's director of Management Education Research, "Given the degree to which school rankings dominate the discussion, it is interesting that as their decision making progresses, students themselves say rankings fall in importance. “ Graduate Management Admission Council conducts the GMAT for admission to 6,100 graduate business and management programs worldwide. It affirms that rankings do not feature in top five consideration criteria for selecting a program and a study destination. As India soared in popularity as one of the top five destinations, the popularity of the US as the market leader decreased from 73 percent in 2010 to 66 percent in 2014 though two-thirds of prospective students across the globe still prefer the US, followed by countries such as UK, Canada, France, India, Hong Kong, Germany, Singapore, Netherlands and Australia. Though the survey says published rankings do influence candidates' school consideration, it places rankings as the third most consulted information resource after school websites and recommendation from friends and family, reports Times of India. The survey indicates that MBA remains the most coveted degree and are considered by 52 percent of prospective students as a means to increase their job opportunities and a qualification that will guide them to become entrepreneurs.