Overview
The Graduate Management Admission Council (GMAC) is a global, non-profit organization that owns and administers the Graduate Management Admission Test (GMAT), a standardized exam used for admission to graduate management programs worldwide. Founded in 1954 by nine business schools, GMAC has grown to include over 230 member schools. The organization is headquartered in Reston, Virginia, and has offices in London, Hong Kong, and Gurgaon. GMAC's mission is to ensure that the graduate management education community has the tools and resources needed to discover, evaluate, and develop talent. With a Vibe score of 80, GMAC is a highly respected and influential organization in the education sector. As of 2022, over 2,300 programs at more than 1,500 universities and institutions use the GMAT exam as part of their admissions process. The controversy surrounding the use of standardized tests in admissions has led to a Contrarian perspective breakdown of 20%, with some arguing that the tests are biased or do not accurately reflect a candidate's abilities.
Key Facts
- Year
- 1954
- Origin
- United States
- Category
- Education
- Type
- Non-Profit Organization