Graduate Management Admission Council

All you want to know about Graduate Management Admission Council

The Graduate Management Admission Council (GMAC) is an international non-profit association of business schools that provides products and services to academic institutions and prospective management education students. The organization owns the Graduate Management Admission Test (GMAT), a standardized exam that is widely used by MBA and other graduate management programs to measure quantitative and verbal skills in applicants. GMAC also 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 overall economy.

GMAC is based in McLean, Virginia, a business center in the suburbs of Washington, D.C. In 2007, the organization opened an office in London, its first international location.[1] GMAC also has a representative based in Hong Kong.[2]

GMAC was founded in 1953 by a group of nine business schools interested in developing a standardized test for applicants to business schools. The exam they developed was initially known as the Admission Test for Graduate Study in Business (ATGSB).[3] The ATGSB was renamed the Graduate Management Admission Test in 1976.[4]

Contents

The GMAT

Main article: Graduate Management Admission Test

The GMAT is today used by more than 4,000 graduate management education programs at approximately 1,800 business schools worldwide. The exam, taken more than 200,000 times per year,[5] is designed as an objective predictor of how well a student will perform academically in the first year of a graduate business education program. The GMAT has been shown by researchers to be a reliable predictor of academic performance in businesss school,[6] especially when used in combination with an applicant’s undergraduate grade point average.[7]

The GMAT is delivered under contract to GMAC by Pearson VUE of Bloomington, Minnesota. The test is developed for GMAC by ACT Inc. of Iowa City, Iowa.[8]

The Triple Nine Society uses the GMAT as one of their admission tests into their society. They require a score of at least 750 for admission.

Governance

The Graduate Management Admission Council has 160 member schools from 16 countries, including Australia, Canada, China, France, Great Britain, India and the United Kingdom.[9] In 2007, the organization embarked on an effort to increase its membership outside North America.[10] GMAC is governed by a 15-member board of directors that includes representation from business schools and private industry.[11]

Conferences and Other Services

In addition to providing the GMAT, the Graduate Management Admission Council offers an array of other services to the graduate management education community. These include professional development programs and conferences for business school leaders, search services to help students learn more about the offerings of different business schools[12] and student preparation materials for the GMAT.[13]

GMAC surveys corporate recruiters, MBA students, and business school staff and alumni to gauge their feelings about the job market and collect other data. Data from the surveys are released to the public on the organization’s Web site, gmac.com.[14]

GMAC runs mba.com, an online portal with information about topics such as how to select an MBA program, types of MBA programs, and the career options available to people with graduate business degrees. The Web site provides software to help prospective business school applicants prepare for the GMAT. It also allows people to set up an appointment to take the test at one of several hundred testing centers in nearly 100 countries.

See also

References

  1. ^ "London Business School Official to Lead European Operations of Graduate Management Education Group". Retrieved on 17 June, 2008.
  2. ^ "Hong Kong’s Professor Japhet Law Named First Chairman of GMAC Advisory Board in Asia". Retrieved on 17 June, 2008.
  3. ^ "GMAC About Us". Retrieved on 16 June, 2008.
  4. ^ "Selections Magazine 2004". Retrieved on 17 June, 2008.
  5. ^ "Profile of GMAT Candidates, 2002-03 to 2006-07". Retrieved on 17 June, 2008.
  6. ^ "Evaluating the Predictive Validity of Graduate Management Admission Test Scores". Retrieved on 16 June, 2008.
  7. ^ "Understanding Validity". Retrieved on 17 June, 2008.
  8. ^ "GMAC Taps Pearson VUE and ACT, Inc., to Provide GMAT Exam Beginning in 2006". Retrieved on 16 June, 2008.
  9. ^ "Governing Schools". Retrieved on 17 June, 2008.
  10. ^ "Graduate Management Admission Council Introduces New Global Executive Team". Retrieved on 17 June, 2008.
  11. ^ "Board of Directors". Retrieved on 17 June, 2008.
  12. ^ "GMAC School Services". Retrieved on 17 June, 2008.
  13. ^ "Take the GMAT". Retrieved on 17 June, 2008.
  14. ^ "GMAC Research & Trends". Retrieved on 17 June, 2008.

External links

Retrieved from "http://en.wikipedia.org/wiki/Graduate_Management_Admission_Council"

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