Founded | 1953 |
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Type | 501(c)(3) |
Focus | Higher Education, Testing |
Location |
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Area served | Worldwide |
Key people | Joy Jones (Chief Executive Officer) |
Website | gmac |
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, Master of Science in Business/Management, etc.) to measure quantitative, verbal, analytical and integrated reasoning skills in applicants.
GMAC is based in Reston, Virginia. In 2007, the organization opened an office in London, its first international location. [1] GMAC also has offices based in Shanghai, China and Gurgaon, India. [2] The Graduate Management Admission Council has 227 member schools from 34 countries, including Australia, Canada, China, France, Great Britain, India and the United Kingdom. [3] In 2007, the organization embarked on an effort to increase its membership outside North America. [4] GMAC is governed by a 16-member board of directors that includes representation from business schools and private industry. [5]
The GMAT 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. [6] Through the Validity Study Service (VSS), the GMAT has been shown by GMAC 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. [7] [8] [ better source needed ] In June 2012, a new section was added to the GMAT Exam called Integrated Reasoning.
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. [9] Admissions professionals can also use GMATCH, GMAC's two-day online global recruiting event. [10]
In 2013, GMAC launched the Reflect Self-Assessment and Development Tool. It is an online assessment and self-directed, soft-skills development program. [11]
A Master of Business Administration is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.
The Graduate Management Admission Test is a computer adaptive test (CAT) intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as a Master of Business Administration (MBA) program. Answering the test questions requires knowledge of English grammatical rules, reading comprehension, and mathematical skills such as arithmetic, algebra, and geometry. The Graduate Management Admission Council (GMAC) owns and operates the test, and states that the GMAT assesses analytical writing and problem-solving abilities while also addressing data sufficiency, logic, and critical reasoning skills that it believes to be vital to real-world business and management success. It can be taken up to five times a year but no more than eight times total. Attempts must be at least 16 days apart.
The Indian Institutes of Management (IIMs) are Centrally Funded Business Schools for management offering undergraduate, postgraduate, doctoral and executive programmes along with some additional courses in the field of business administration. The establishment of IIMs was initiated by Jawaharlal Nehru, the first prime minister of India, based on the recommendation of the Planning Commission of India.
The Graduate Record Examinations (GRE) is a standardized test that is an admissions requirement for many graduate schools in the United States and Canada and a few other countries. The GRE is owned and administered by Educational Testing Service (ETS). The test was established in 1936 by the Carnegie Foundation for the Advancement of Teaching.
An examination board is an organization that sets examinations, is responsible for marking them, and distributes the results. Some are run by governmental entities; some are run as not-for-profit organizations.
International Institute for Management Development (IIMD) is a business school with campuses in Lausanne, Switzerland and Singapore. IIMD is well known for its MBA program, which is taught in English and consistently ranked among the best in the world.
The Master of Management is a master's degree comprising one or two years graduate level coursework in business management.
The Wallace E. Carroll School of Management (CSOM) is the business school of Boston College in Chestnut Hill, Massachusetts.
The Marriott School of Business is the business school of Brigham Young University (BYU), a private university owned by the Church of Jesus Christ of Latter-day Saints and located in Provo, Utah. It was founded in 1891 and renamed in 1988 after J. Willard Marriott, founder of Marriott International, and his wife Alice following their $15 million endowment gift to the school.
The Willamette University MBA (Atkinson) is the Masters in Business Administration (MBA) program at Willamette University in Salem, Oregon, United States. It is one of only two MBA programs in the world accredited for both Business Administration and Public Administration (NASPAA). Atkinson was established by Willamette in 1974 and has an enrollment of approximately 312 students.
The Leonard N. Stern School of Business is the business school of New York University, a private research university based in New York City. Founded as the School of Commerce, Accounts and Finance in 1900, the school received its current name in 1988.
American International University-Bangladesh, commonly known by its acronym AIUB, is a private university in Dhaka, Bangladesh. It is located in the Kuratoli, Kuril area of the capital Dhaka. It was established in 1994. The university is an independent organization with its own board of trustees.
The Martin Tuchman School of Management is the business school of New Jersey Institute of Technology (NJIT), in Newark, New Jersey.
Pearson Language Tests is a unit of the Pearson PLC group, dedicated to assessing and validating the English language usage of non-native English speakers. The tests include the Pearson Test of English Academic, the PTE General, and PTE Young Learners. These are scenario-based exams, accredited by the QCA and Ofqual, and are administered in association with Edexcel, the world's largest academic examining body.
Test preparation or exam preparation is an educational course, tutoring service, educational material, or a learning tool designed to increase students' performance on standardized tests. Examples of these tests include entrance examinations used for admissions to institutions of higher education, such as college, business school, law school, medical school, BMAT, UKCAT and GAMSAT and graduate school and qualifying examinations for admission to gifted education programs.
The Medical College Admission Test is a computer-based standardized examination for prospective medical students in the United States, Australia, Canada, and the Caribbean Islands. It is designed to assess problem solving, critical thinking, written analysis and knowledge of scientific concepts and principles. Before 2007, the exam was a paper-and-pencil test; since 2007, all administrations of the exam have been computer-based.
Common Management Admission Test (CMAT) is an online computer-based test conducted by the National Testing Agency (NTA), India. It is a national-level admission test for facilitating institutions to select suitable students for admission in all management programmes approved by AICTE.
Kira Talent is a Canadian start-up company. The company operates a cloud-based holistic admissions assessment platform designed for use by academic admissions departments to assess and enroll students. Organizations are able to create a customized assessment and record video questions, receive candidate responses, and evaluate the responses virtually within the platform. Presently, Kira Talent’s office is located in Toronto and the CEO is Emilie Cushman.
The Major Field Test for Master of Business Administration (MFT-MBA) is a national standardized exam administered in the United States at the end of MBA programs. It is a comprehensive exit exam. The MFT-MBA aims to assess skills, knowledge, and reasoning ability within the domain of standard MBA curriculum. It is administered by Educational Testing Service (ETS) and has been used in the MBA programs of over 300 U.S. universities.