Management Education for Tomorrow (MET) Fund
For us, investing is a big part of management education.
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MET Fund Infographic
The GMAC MET Fund turns five! See where we've been and where we’re going on the infographic below.
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Giving back. Moving management education forward.
Whether we’re encouraging volunteerism or providing funds for research and innovation, our thinking goes beyond our products and services to bring greater value to the people, institutions, and communities we serve.
Our Management Education for Tomorrow (MET) Fund initiatives formalize and enhance our long-standing commitment to investing in strategic philanthropic initiatives that benefits business and management education globally. The MET Fund currently supports the following programs:
Ideas to Innovation (i2i) Challenge
“Ideas to Innovation” is the theme of the two-part Ideas to Innovation (i2i) Challenge. The first phase saw the worldwide submission of 650 ideas to improve graduate management education; the top 20 received US$260,000 in awards. We've completed the second phase, where we sought proposals from schools and other education providers to implement one or more of those top ideas in ways that can be replicated worldwide. On April 17, 2012, the MET Fund announced US$7.1 million in grants to 12 schools and organizations that submitted the most creative implementation plans for Phase 1 ideas.
The MERInstitute awards fellowships and grants to faculty and students to fund data-driven research related to admissions, curriculum, career, and outcomes in graduate management education. Since 2005, we have awarded nearly $1.4 million dollars toward this research.
The PhD Project
We are a founding sponsor of this award-winning program aimed at increasing diversity in the faculty of U.S. business schools. Since 1994, we have helped the The PhD Project more than triple the number of minority business school professors from 294 to over 1,000. We’ve also helped 400 minority doctoral students pursue their dream of earning a doctoral degree.
We support community service among graduate management programs worldwide. Prompted by our TeamMBA initiative, student, faculty, and staff volunteers from programs across the globe have donated thousands of volunteer hours and raised hundreds of thousands of dollars for charities and community organizations.
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