Updated on: Saturday, February 26, 2011
Graduate Management Admission Council (GMAC), a not-for-profit organization, which administers the GMAT exam globally, today announced the opening of its office in India.
Located in Gurgaon, this will be GMACs fourth office in the world. GMAC has its headquarters at Reston, Virginia, USA, and regional offices in London and Hong Kong.
GMAC also announced the appointment of Mr. Ashish Bhardwaj as Managing Director, Graduate Management Admission Council (India) Private Limited, and Regional Director, South Asia, GMAC. Mr. Bhardwaj is responsible for GMACs operations in South Asia and will work closely with current and potential business school partners in the region besides focusing on campaigns to help candidates know more about how the GMAT can help them access high-quality graduate management education.
This announcement underscores GMACs commitment to candidates as well as business schools in South Asia, said Mr. Bhardwaj.As more candidates are taking the GMAT exam in India, more business schools in India are accepting GMAT scores for admission and more international candidates are drawn towards India, GMAC is creating a strong presence here to support graduate management education and to facilitate the free flow of intellectual capital�, he further added.
The GMAT exam is the assessment for graduate business school candidates. The exam was designed by business schools to measure the skills shown to help graduate business students succeed in a challenging academic environment. There has been steady rise in the number of Indian MBA aspirants taking the GMAT. As of January 2011, the GMAT exam is accepted at 43 Indian institutions representing 96 programs (93 located in India and three delivered overseas by Indian institutions). The number of Indian institutions using the GMAT has increased 207 percent when compared with data from five years ago.
Four Indian management institutions are members of GMAC: Indian School of Business, Hyderabad; Indian Institute of Management, Ahmedabad; S. P. Jain Institute of Management & Research, Mumbai; and Indian Institute of Management, Bangalore.
The GMAT exam is accepted by the vast majority of globally recognized MBA programs, including all 100 programs in the Financial Times Global MBA Rankings.
The number of GMAT scores received by Indian business schools has also increased substantially over the previous five years. In 2010, India received more GMAT score reports from Asian candidates that any other study destination in Asia. For more information and access to the research and survey reports, please visit www.gmac.com.