To be considered for membership of GMAC’s Board of Directors, business schools must complete an application and explain how they will help the Council meet its mission: providing the tools and information necessary for schools and talent to discover and evaluate each other. Sangeet Chowfla, president and CEO of GMAC, said:
Graduate business schools throughout the world have a robust history of offering quality education and preparing students for their careers. We are now seeing increased globalisation of high quality business education serving the needs of diverse communities around the world. These three schools are recognised leaders in graduate management education in their respective regions. The insights and best practices these schools bring will better our understanding about the mutual selection process and help further our mission and ability to inform, involve, and convene the global business education community around issues of common interest.
In addition to meeting membership criteria, each school has made specific pledges to help the Council meet its mission:
McGill University, Desautels Faculty of Management
The Desautels Faculty of Management at McGill University is committed to sharing expertise on the integration of teaching, research and practice, and applying a multi-disciplinary approach to problem-solving. The institution will also provide the Council with insights on developing specialised Master’s programmes, building an international educational experience, and the overall Canadian business school environment.
University of Mannheim, Mannheim Business School
Because Mannheim has an extensive academic network around the world and is very closely connected to the business world (both multinationals and German companies), the institution will provide the Council with its perspective and expertise on how to develop talent for the future and enhance GMAC products, services, and programmes.
University of St. Gallen
The University of St. Gallen will provide the Council with insights from Switzerland and Central Europe, an expanding market for the Graduate Management Admissions Test (GMAT) exam and other GMAC services. GMAC also pointed to the university’s vision to promote integrative thought, to encourage responsible action, and to support an entrepreneurial spirit of innovation in business.
The new additions take the Council’s total membership to 223.
Membership in the Council is school-based and by invitation only. To be considered, schools must maintain a selective admissions process and offer a Master's programme in business administration, management subjects, or equivalent. Member schools are expected to actively support the Council’s mission and use the GMAT exam or other GMAC assessments as part of their admissions and enrolment processes. They also participate in Council governance, including voting on Board elections and other matters that may come before the Council.