The Graduate Management Admission Council (GMAC) has added three new business schools McGill University, Desautels Faculty of Management (Canada); University of Mannheim, Mannheim Business School (Germany); and University of St. Gallen (Switzerland) to its membership. The addition of these Business Schools brings the Council’s total membership to 223.
GMAC is a global, non-profit association of leading graduate business schools. To be considered for GMAC membership, business schools must complete a comprehensive application that addresses the school’s sustained commitments to supporting the Council’s mission: providing the tools and information necessary for schools and talent to discover and evaluate each other. Business schools are invited to join GMAC by its Board of Directors.
President and CEO of GMAC, Sangeet Chowfla said, “Graduate business schools throughout the world have a robust history of offering quality education and preparing students for their careers. We are now seeing the increased globalization of high-quality business education serving the needs of diverse communities around the world. These three schools are recognized leaders in graduate management education in their respective regions. The insights and best practices these schools bring will better our understanding of the mutual selection process and help further our mission and ability to inform, involve and convene the global business education community around issues of common interest.”
In addition to meeting membership criteria, each school has made specific pledges to help the Council meet its mission:
McGill University, Desautels Faculty of Management
The Desautels Faculty of Management at McGill University is committed to sharing expertise on the integration of teaching, research and practice, and applying a multi-disciplinary approach to problem-solving. The institution will also provide the Council with insights on developing specialized Masters programs, building an international educational experience, and the overall Canadian business school environment.
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University of Mannheim, Mannheim Business School
Because Mannheim has an extensive academic network around the world and is very closely connected to the business world (both multinationals and German companies), the institution will provide the Council with its perspective and expertise on how to develop talent for the future and enhance GMAC products, services, and programs.
University of St. Gallen
The University of St. Gallen will provide the Council with valuable and relevant insights from Switzerland and Central Europe, an expanding market for the Graduate Management Admissions Test (GMAT) exam and other GMAC services. With its vision to promote integrative thought, to encourage responsible action and to support an entrepreneurial spirit of innovation in business, St. Gallen remains committed to contributing to the global society.
About GMAC and Its Membership
The Graduate Management Admission Council was founded in 1953 when nine leading business schools joined together to create a standardized business school admissions assessment, the GMAT exam. Working closely with its expanding membership base, the Council has developed a reputation for world-class industry research, valuable insights, and professional events for the global graduate management education community.
GMAC is actively committed to advancing the art and science of admissions by convening and representing the industry and offering best-in-class products and services for schools and students. GMAC owns and administers the Graduate Management Admission Test® (GMAT®) exam, used by more than 6,500 graduate programs worldwide. Other GMAC assessments include the NMAT by GMAC™ exam, for entrance into graduate management programs in India and South Africa, and the Executive Assessment, specifically designed for Executive MBA programs around the world.
Membership in the Council is school-based and by invitation only. To be considered, schools must maintain a selective admissions process and offer a master’s program in business administration, management subjects or equivalent. Member schools are expected to actively support the Council’s mission and use the GMAT exam or other GMAC assessments as part of their admissions and enrollment processes. They also participate in Council governance, including voting on Board elections and other matters that may come before the Council.