Applications to Executive MBA
Programs Rise Sharply
Applications to graduate management education programs painted a mixed picture in 2010, with demand for programs aimed at mid-career professionals particularly strong even as interest in full-time MBA programs continued to soften, according to a global survey of business schools conducted by GMAC.
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Indian Management Education Poised for Growth
GMAC President and CEO Dave Wilson spoke August 13 via a live video link to attendees of the Indian Management Conclave in New Delhi on the future of the MBA and the emerging opportunities and challenges for Indian business schools. The event was hosted by MBAUniverse.
“We see an opportunity in India that no other country in the next decade or quarter century will have," Wilson said. "We see challenges of course. But they are challenges that India’s great institutions can—with commitment—overcome.”
GMAC Offers US$250,000 in Prizes
For Ideas to Improve
Management Education
GMAC is inviting anyone to submit three paragraphs that answer this question: What one idea would improve graduate management education? The GMAC Management Education for Tomorrow (MET) Fund will award a total of US$250,000 in prizes to 15 people whose ideas rise to the top, with the most promising proposal taking home US$50,000.
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Next Generation GMAT Exam
To Add New Integrated Reasoning Section
In June 2012, the GMAT exam will add an innovative new section designed to measure people’s ability to evaluate information from multiple sources. The new integrated reasoning section will provide business schools with a window into how prospective students respond to the kinds of complex challenges they will encounter as managers in today’s information-rich business environment.
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Businessweek's Getting In Blog
Highlights Popularity of GMAT
Prospective MBA students overwhelmingly prefer to use GMAT scores when applying to business school, according to a June 10 blog post on businessweek.com.
More New MBAs Confident
About the Economy Despite
Rough Employment Picture,
GMAC Survey Shows
New graduates of MBA and other graduate management education programs are contending with a tough job market that has made landing employment before graduation the exception rather than the norm. Yet people earning graduate business degrees in 2010 are more optimistic about the economy than their counterparts were last year, according to data from GMAC.
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MBA Employment Outlook on the
Mend But Still Challenging,
GMAC Survey Finds
The job market for new business school graduates remains difficult, but there are clear signs that employers are becoming increasingly confident about the economy—and more eager to hire—according to the 2010 GMAC Corporate Recruiters Survey.
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Asian Students and Schools
Drive Global Interest
In Management Education
Asia is the fastest-growing region in the world for the Graduate Management Admission Test (GMAT), according to research conducted by GMAC.
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The Alsop Perspective:
Young MBA Students
Face Skepticism
As more MBA programs admit talented but inexperienced Millennial generation students, the trend is stirring up concerns. Will their limited workplace exposure prove detrimental in the classroom? Have they formulated a clear career strategy, or do these impatient Millennials just crave MBA credentials to escape entry-level jobs? Columnist Ron Alsop examines these and other questions in his latest Deans Digest column.
> Read article in Deans Digest
GMAC Admits
First Schools from
South Korea, Belgium
New Member Schools include KAIST, Yonsei University in South Korea, Vlerick from Belgium and Singapore Management University.
Access to GMAT Exam
Increases Worldwide
In response to the demand for the Graduate Management Admission Test (GMAT) around the world, the number of testing centers that administer the exam has surpassed 500.
European Business Schools
Command Growing Share of
Global Market for Students
European citizens are taking the Graduate Management Admission Test (GMAT) at a rapidly increasing pace—and they are directing a growing number of GMAT score reports at management education programs located in Europe— according to an analysis of GMAT testing trends released by GMAC.
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Former Wall Street Journal
Columnist Ron Alsop Joins
Deans Digest as Contributing Writer
Ron Alsop, author and former Wall Street Journal columnist and editor, is now a regular contributor to Deans Digest, a bimonthly newsletter from GMAC. In the February issue, Alsop takes a look at how “early career” MBA programs are a strong calling card for the millennial generation.
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> Go to Deans Digest
Most New MBAs Find Jobs
Shortly After Earning Degrees
Even as job-seekers at all levels continue to struggle with a tight labor market, the majority of people who earned an MBA or other graduate management degree in 2009 were employed within a few months of finishing school, according to a new GMAC report .
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> Read article in Graduate Management News
MBA Employers See
Better Economy Ahead
Seventy percent of MBA employers polled recently by the Graduate Management Admission Council (GMAC) expect 2010 to bring relief from the difficult conditions that defined the business climate in 2009. As a result, the uncertainty surrounding many companies’ hiring plans may begin to dissipate as the year progresses, according to GMAC researchers.
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> Read article in Graduate Management News
GMAT Registration Levels
Hit New Record in 2009
People registered for the Graduate Management Admission Test (GMAT) more times in 2009 than in any other year since the exam’s creation in 1954. Global registration volume for the GMAT in 2009 was a record 301,800, topping the previous record of 298,734 recorded in 2008. In 2007, GMAT registration volume was 270,724.
Beijing Court Upholds Copyright
Protection for GMAT Exam
A court in Beijing has upheld the right of the Graduate Management Admission Council (GMAC) to protect its copyrights in the Graduate Management Admission Test (GMAT) from infringement in China.
Two New Members Join
GMAC Board of Directors
Daniel F. Muzyka, dean of the Sauder School of Business at the University of British Columbia, and Ray Whittington, dean of the College of Commerce and Kellstadt School of Business at DePaul University, have been elected to the GMAC Board of Directors.
Mobile GMAT Test Center
Begins Tour Across U.S.
The GMAT Bus will visit historically black colleges and universities and Hispanic-serving institutions during an eight month, 14-state trip.
Business Schools See Growth
in Applications
Two-thirds of full-time MBA programs in the latest GMAC Application Trends Survey said they received more applications from potential students in 2009 than in the previous year.
> Listen to podcast (2:25):
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> Read article in Deans Digest
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GMAC Honored
as Privacy Innovator
The Graduate Management Admission Council’s data protection program won a worldwide Privacy Innovation Award September 17 from the International Association of Privacy Professionals. GMAC was recognized for its data protection program in support of the GMAT exam.
> Read press release from IAPP
GMAC and Pearson Collaborate
on New English Language Test
The Pearson Test of English Academic will be used by universities, higher education institutions, government departments and other organizations requiring English proficiency. More than 770 schools and programs worldwide have already indicated interest in recognizing the new test.
Schools Receive TeamMBA
Awards for Community Service
Awards for Community Service
Six business schools from the United States and Europe received awards from GMAC for their Involvement in TeamMBA.
> Read article in Graduate Management News
> Read press release
> Watch a video of the awards presentation
> Video: Baylor MBA Students Participate in Prison Entrepreneurship Program
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GMAC Launches Multimedia News Center to Provide
Information About Management Education
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Websites Play Key Role When Prospective
MBAs Select Schools
> Read article in Graduate Management News
> Download report (355 KB PDF)
Loan Program Helps International Students
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