Graduate Management Admission Council

GMAT™ Focus Edition Stands Alone in Business School Assessment as Previous Version Sunsets

Retrieved on: 
Thursday, February 1, 2024

GMAC, a global association representing leading business schools, delivered the updated version of the most widely used business school exam last fall in parallel with the existing GMAT to facilitate candidates’ in-progress preparation and applications for business school.

Key Points: 
  • GMAC, a global association representing leading business schools, delivered the updated version of the most widely used business school exam last fall in parallel with the existing GMAT to facilitate candidates’ in-progress preparation and applications for business school.
  • While the previous version of the GMAT exam is no longer available, its scores continue to be valid for five years.
  • It just means smarter,” said Rodrigo Malta, managing director of MBA recruitment and admissions at University of Texas’ McCombs School of Business.
  • “It has helped bring us closer to meeting the needs of MBA program candidates while improving upon business schools’ talent selection in the ever-changing business environment.”

Amidst Polarizing Global Trends, U.S. B Schools Experience Domestic Demand Rebound

Retrieved on: 
Friday, October 27, 2023

GMAC, a global association representing leading business schools, published findings from the 2023 survey results to provide data and insights to better understand current trends in applications to graduate management education (GME) programs.

Key Points: 
  • GMAC, a global association representing leading business schools, published findings from the 2023 survey results to provide data and insights to better understand current trends in applications to graduate management education (GME) programs.
  • Specifically, the decline in applications have centered around those to more selective programs, driving a dip in total global applications while their somewhat selective counterparts reported growth in their applications.
  • Many candidates are still interested in more traditional, competitive full-time programs, but online, hybrid, or evening options were much more likely to report application growth.
  • After several challenging years with the domestic pipeline—especially after applications leveled off following the pandemic—more U.S. programs reported growth in domestic applications than declines in 2023.

GMAT™ Focus Edition Sets to Deliver Test Next Month; Replaces the Current Version in February

Retrieved on: 
Tuesday, October 17, 2023

The updated GMAT Focus Edition will replace the current version of the GMAT™ Exam on February 1, 2024 and become the only version of the GMAT available for candidates aspiring for their dream business education.

Key Points: 
  • The updated GMAT Focus Edition will replace the current version of the GMAT™ Exam on February 1, 2024 and become the only version of the GMAT available for candidates aspiring for their dream business education.
  • Backed by 7 decades of leadership in graduate business school education and admissions, the GMAT is accepted by more than 7,700 programs and 2,400 business schools worldwide.
  • The test was redesigned with a more efficient test taking experience and flexible features to better support and encourage more candidates on their business school journey.
  • “I am excited to see schools like mine to benefit from the GMAT Focus Edition by attracting a diverse, global applicant pool.​”

GMAC Expands Global Representation in Board and School Membership

Retrieved on: 
Tuesday, September 5, 2023

RESTON, Va., Sept. 05, 2023 (GLOBE NEWSWIRE) -- The Graduate Management Admission Council ( GMAC ), a global association of leading graduate business schools, today announced changes to its board of directors.

Key Points: 
  • RESTON, Va., Sept. 05, 2023 (GLOBE NEWSWIRE) -- The Graduate Management Admission Council ( GMAC ), a global association of leading graduate business schools, today announced changes to its board of directors.
  • Themin Suwardy, a GMAC board member since 2019 and associate provost of postgraduate professional education at Singapore Management University, has been elected to chair the GMAC board.
  • In addition, GMAC welcomed Asia School of Business ( ASB ) as its 227th member school.
  • “I am thrilled to have these talented individuals and the esteemed ASB organization deepening their engagement with the Council, enhancing our board diversity and membership roster.

Paylocity Partners with Visionary Elatia Abate Focusing on the Evolution of Modern HCM

Retrieved on: 
Tuesday, August 15, 2023

A renowned expert on The Future of Work, Abate will bring her cutting-edge research and insights to support Paylocity’s clients.

Key Points: 
  • A renowned expert on The Future of Work, Abate will bring her cutting-edge research and insights to support Paylocity’s clients.
  • “Paylocity is committed to building the most modern HCM solutions on the planet.
  • Abate will examine where Paylocity clients are today, where they are likely to be tomorrow and share best practices to assist Paylocity’s clients of all sizes.
  • "As Paylocity Futurist in Residence, I can help Paylocity clients imagine the possibilities of how transformative dynamics can power HCM.

Employers Turn to Business School Grads for Skills of Today and Tomorrow

Retrieved on: 
Wednesday, July 19, 2023

GMAC, a global association representing leading business schools, published findings from the 2023 survey that explores which skills employers think will characterize the future workplace – and how prepared they view candidates of MBA and business master’s degrees to be.

Key Points: 
  • GMAC, a global association representing leading business schools, published findings from the 2023 survey that explores which skills employers think will characterize the future workplace – and how prepared they view candidates of MBA and business master’s degrees to be.
  • Employers say communication, data analysis, and strategy are currently among the most important skills for business school graduates – and most say their importance will continue to grow.
  • Notably, U.S. employers interested in tech skills highly value their future importance but think business school graduates could be better prepared on specific technological capabilities.
  • Employers from Asia and Fortune 500 companies have a more optimistic view of the abilities and advancement potential of business school graduates, but also are more likely to recruit more heavily from “leading” business schools.

From Inner Life to Outer World: How Women, Gen Z Are Invested in Business Education

Retrieved on: 
Monday, April 10, 2023

Understanding candidates from Gen Z—now the largest generation applying to business schools—is critical as programs plan for expanding the pipeline down the road,” said Joy Jones, CEO of GMAC.

Key Points: 
  • Understanding candidates from Gen Z—now the largest generation applying to business schools—is critical as programs plan for expanding the pipeline down the road,” said Joy Jones, CEO of GMAC.
  • Taken together, the full-time MBA of any duration continues to surpass interest in more flexible or executive MBAs and business master’s programs.
  • Gen Z is most interested in the two-year MBA and millennials are most interested in the one-year MBA.
  • Despite growing up as digital natives, Gen Z also have a strong preference for in-person study, with 80 percent of Gen Z reporting preference for this modality compared to 69 percent of millennials.

GMAC Task Force Revamps Business Education Admissions Reporting Standards

Retrieved on: 
Thursday, March 23, 2023

RESTON, Va., March 23, 2023 (GLOBE NEWSWIRE) -- The Graduate Management Admission Council ( GMAC ), a global association representing leading business schools, today released an updated version of the Graduate Management Education Admissions Reporting Standards .

Key Points: 
  • RESTON, Va., March 23, 2023 (GLOBE NEWSWIRE) -- The Graduate Management Admission Council ( GMAC ), a global association representing leading business schools, today released an updated version of the Graduate Management Education Admissions Reporting Standards .
  • The revision, led by a task force of 14 GMAC member schools, aimed to ensure the standards align with the shifting landscape of graduate business education and today's best practices of identifying gender, race and ethnicity, and undergraduate majors, among other criteria commonly used in the admissions process.
  • “Rest assured, we were fully aware of the stakes at hand and did not just rubber-stamp the new standards.”
    In 2019, GMAC formed a task force to revise the MBA Reporting Criteria – first published by GMAC in 2000 and adopted by approximately 200 business schools – into Graduate Management Education Admissions Reporting Standards.
  • A prime example is the delivery of online programs,” said Nita Swinsick, associate dean of graduate & executive degree programs admissions at Georgetown University’s McDonough School of Business and co-chair of the task force.

Graduate School USA Names J.R. "Pepe" Carreras President

Retrieved on: 
Wednesday, January 18, 2023

WASHINGTON, Jan. 18, 2023 /PRNewswire/ -- Graduate School USA (GSUSA) today announced the appointment of J.R. "Pepe" Carreras as President.

Key Points: 
  • WASHINGTON, Jan. 18, 2023 /PRNewswire/ -- Graduate School USA (GSUSA) today announced the appointment of J.R. "Pepe" Carreras as President.
  • "Pepe has led a distinguished career which is well-aligned with Graduate School USA's ambitions as we continue to execute on our strategic growth plan," said Ms. Selden.
  • "I'm excited to lead Graduate School USA in its next chapter of excellence," said Mr. Carreras.
  • Mr. Carreras has a Master of Business Administration from Northwestern University Kellogg School of Management, and a bachelor's degree from Boston College.

Poets&Quants™ Taps Former President and CEO of GMAC for Weekly Column

Retrieved on: 
Monday, January 16, 2023

WASHINGTON, Jan. 16, 2023 /PRNewswire/ -- Poets&Quants, the leading publication for graduate business education, is pleased to announce that Sangeet Chowfla, the former President and CEO of the Graduate Management Admissions Council, will be writing a monthly column called Ruminations.

Key Points: 
  • Sangeet Chowfla, former President and CEO of GMAC engages in a weekly series for Poets&Quants entitled, Ruminations
    WASHINGTON, Jan. 16, 2023 /PRNewswire/ -- Poets&Quants , the leading publication for graduate business education, is pleased to announce that Sangeet Chowfla, the former President and CEO of the Graduate Management Admissions Council, will be writing a monthly column called Ruminations .
  • Chowfla's series of essays will draw on his ten years of experience as head of GMAC.
  • Chowfla led the Graduate Management Admissions Council as president and CEO for nearly ten years from 2014 to 2022.
  • He culminated his tenure with the company as vice president and general manager of the Inkjet Media Division from 1995-2001.