Then more than 1,200 students in five countries took the exam. Throughout the years, those numbers have grown exponentially to an average of 250,000 GMAT exams each year to nearly 200,000 test takers, according to the
Three-year average data includes the following statistics:
“GMAC has grown beyond being a provider of the GMAT alone to a global organization that provides insights, research, and professional development to the graduate management industry,” says Sangeet Chowfla, GMAC president and CEO in the report.
“We value our partnership with GMAC,” says Michael Desiderio, EMBAC executive director. “GMAC co-sponsors our popular Marketing and Admissions Program, which has continued to attract record numbers of participants, and supports our annual conference. GMAC helps our schools identify quality candidates and our members bolster their professional development.”
GMAC’s mission focuses on helping schools discover, assess, recruit, and admit talent from throughout the world. Its members come from schools that offer a master’s program in business administration, management subjects, or the equivalent, and that use the GMAT exam. It continues to move forward with its mission with efforts in four key areas:
Growing the candidate pipeline by promotion of management education, candidate outreach, enhanced test preparation, on-campus presence, minority inclusion, and attention to emerging markets.
Growing and diversifying GMAC’s portfolio of testing products, which helps GMAC meet existing and emerging market needs, address the diversity of students and program types, and build relevance for its products at regional and local levels.
Extending GMAC’s value to schools in a number of ways – through research, professional development, products and services, and strengthening of the admissions community
Managing the organization to effectively apply the people, resources, and market insights that align business activities to best serve the needs of schools and students.
To those ends, GMAC conducts a variety of outreach activities and uses diverse communication tools, including blogs, electronic newsletters, social media, and media relations. A redesign of the mba.com web site continues to attract more than one million unique visitors, generating more than 6.4 million page views. GMAC also sponsors professional development opportunities and spearheads numerous research projects, including eight core survey research studies. It sponsors grants to support innovation in graduate management education, as well as donating to charities and community causes.
“GMAC is a truly remarkable asset to management education and to each of our schools,” says Dina Dommett, executive director, Leadership Programs, London Business School, and 2013-2014 GMAC chair. “From the GMAT exam to gmac.com and mba.com, from research to promotion, from helping us navigate our changing marketplace to helping us lead that change, GMAC makes a difference.” Less...