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
The Graduate Management Admission Test (GMAT ( ())) is a computer adaptive test (CAT) intended to assess certain analytical, quantitative, verbal, and data literacy skills for use in admission to a graduate management program, such as a Mast ...
(GMAT), a standardized assessment that is widely used by graduate
business administration
Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization.
Overview
The administration of a business includes the performance o ...
programs (e.g.
MBA
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...
,
Master of Accountancy
The Master of Accountancy (MAcc, MAcy, or MAccy), alternatively Master of Science in Accounting (MSA or MSAcy) or Master of Professional Accountancy (MPAcy, MPAcc, MPA or MPAc), is a graduate professional degree designed to prepare students for pu ...
, 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
Reston is a census-designated place in Fairfax County, Virginia, United States, and a principal city of both Northern Virginia and the Washington metropolitan area. As of the 2020 U.S. census, Reston's population was 63,226.
Founded in 1964, Rest ...
. In 2007, the organization opened an office in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
, its first international location. GMAC also has offices based in
Shanghai, China
Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
and
Gurgaon, India
Gurgaon (), officially named Gurugram (), is a satellite city of Delhi and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest o ...
. The Graduate Management Admission Council has 227 member schools from 34 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 16-member board of directors that includes representation from business schools and private industry.
Products and services
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. 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. 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. 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.
See also
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Master of Accountancy
The Master of Accountancy (MAcc, MAcy, or MAccy), alternatively Master of Science in Accounting (MSA or MSAcy) or Master of Professional Accountancy (MPAcy, MPAcc, MPA or MPAc), is a graduate professional degree designed to prepare students for pu ...
*
Master of Finance
The Master of Finance is a master's degree awarded by universities or graduate schools preparing students for careers in finance. The degree is often titled Master in Finance (M.Fin., MiF, MFin), or Master of Science in Finance (MSF in North Am ...
*
Master of Business Administration
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular ...
*
Standardized Test
A standardized test is a Test (assessment), test that is administered and scored in a consistent or standard manner. Standardized tests are designed in such a way that the questions and interpretations are consistent and are administered and scored ...
References
External links
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{{DEFAULTSORT:Graduate Management Admission Council
Standardized tests
Companies based in Reston, Virginia
Business schools
1953 establishments in the United States