Focus Education, testing Area served Worldwide Headquarters Virginia, United States | Location Reston, Virginia Website www.gmac.com Founded 1953 | |
Key people Sangeet Chowfla (President & Chief Executive) Profiles | ||
Graduate management admission council
The Graduate Management Admission Council (GMAC) is an international non-profit organization of business schools that provides products and services to academic institutions and prospective graduate management education students. The organization owns the Graduate Management Admission Test (GMAT), a standardized assessment that is widely used by graduate business administration programs (e.g. MBA, Master of Accountancy, Master of Finance, etc.) to measure quantitative, verbal, analytical and integrated reasoning skills in applicants. GMAC also provides survey research and market analysis aimed at helping graduate management admissions professionals make informed decisions, and serves as an information source for journalists and members of the public interested in information about management education and the role it plays in the global economy.
Contents
- Graduate management admission council
- 2010 graduate management admission council gmac annual industry conference
- Products and services
- mbacom website
- Giving back
- References
GMAC is based in Reston, Virginia. In 2007, the organization opened an office in London, its first international location. GMAC also has offices based in Hong Kong and Gurgaon, India. The Graduate Management Admission Council has 212 member schools from 22 countries, including Australia, Canada, China, France, Great Britain, India and the United Kingdom. In 2007, the organization embarked on an effort to increase its membership outside North America. GMAC is governed by a 15-member board of directors that includes representation from business schools and private industry.
2010 graduate management admission council gmac annual industry conference
Products and services
Today, the GMAT Exam is used by more than 6,000 graduate management education programs at approximately 2,100 business schools worldwide. The exam, taken more than 230,000 times per year, is designed as an objective predictor of how well a student will perform academically in the first year of a graduate business education program. Through the Validity Study Service (VSS), the GMAT has been shown by researchers to be a reliable predictor of academic performance in business school, especially when used in combination with an applicant's undergraduate grade point average. In June 2012, a new section was added to the GMAT Exam called Integrated Reasoning. This section is designed to measure a test taker's ability to evaluate information presented in new formats from multiple sources.
GMAC's other products include the Graduate Management Admission Search Service (GMASS), a searchable database of more than 350,000 GMAT Exam and mba.com registrants that admissions professionals use to search for and recruit candidates. Admissions professionals can also use GMATCH, GMAC’s two-day online global recruiting event.
In 2013, GMAC launched the Reflect Self-Assessment and Development Tool. It is an online assessment and self-directed, soft-skills development program. It can be used with or without a facilitator. It evaluates 10 soft skills including innovation, operational thinking, and resilience that were identified by admissions directors, corporate recruiters, and top executives as critical in the classroom and office.
GMAC research includes surveys and trend analysis on graduate management education worldwide. GMAC Research includes: Research on the GMAT Exam:
Survey Research:
mba.com: website
GMAC owns mba.com, which provides information on a wide range of topics for prospective graduate management students, including GMAT exam registration, program options, financial aid opportunities, career choices, and alumni profiles. The website also features GMAT study products, available through an online store, as well as free GMAT preparation software, available to registrants of mba.com. The website also serves as the portal for scheduling GMAT exam appointments at one of the more than 600 test centers located in 114 countries worldwide.
Giving back
GMAC is committed to investing in strategic philanthropic initiatives to benefit business and management education globally. Established in 2008, the GMAC Management Education for Tomorrow Fund (MET Fund) is a $10 million commitment that benefits graduate management students, faculty and institutions. The Ideas to Innovation Challenge (i2i) was established in 2011 and featured the submission of 650 ideas to improve graduate management education. Of these 650 ideas, 20 were chosen to be implemented through proposals from schools and other educational institutions. On April 17, 2012, the MET Fund announced US$7.1 million in grants to 12 schools and organizations that submitted the most creative implementation plans.
In 2005, GMAC launched TeamMBA in 2005, a global initiative for community service by students in graduate management programs. Since launching TeamMBA, hundreds of students, staff, and faculty from scores of schools have donated thousands of volunteer hours and raised hundreds of thousands of dollars for charities and community organizations.