GMAC Membership Policy & Values

Guidelines for schools wishing to seek or maintain membership in GMAC.

A Board of Directors, elected from member schools and industry, oversees GMAC and defines the Council's strategic goals. The Board meets regularly to review the Council's progress and direct its future.

GMAC Membership Policy & Values: adopted by the GMAC Board of Directors on December 8, 2015

Introduction

The aim of this document is to provide guidance to schools that want to become members of the Graduate Management Admission Council ("GMAC" or "The Council").

GMAC is a global non‐profit association of leading graduate business schools. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessment for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC,  the Graduate Management Admission Test® (GMAT®) is the most widely used graduate business school assessment, recognized by more than  7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC™ exam, for entrance into graduate management programs in India and South Africa, and the Executive Assessment, specifically designed for executive programs around the world. Our flagship portal for graduate management education resources and information, mba.com, received 14 million visits a year and features the School Finder search feature and Graduate Management Admission Search Service (GMASS), matching candidates and business schools. 

GMAC is based in the United States with offices in the United Kingdom, India, and Hong Kong. To learn more about our work, please visit gmac.com.


Criteria & Eligibility

Members of The Council form a network of schools that are committed to maintaining and enhancing the quality of management education and are open to the exchange of ideas and best practices to serve the collective interests of management education worldwide. Membership in GMAC is school-based and is open to institutions that maintain a selective admissions process and offer a master’s program in business administration or management subjects or equivalent. In order to support the mission of The Council, member schools are expected to use, and ideally prefer, the GMAT exam or other GMAC assessment as a part of their admissions and enrollment processes for their graduate management programs. 

Membership in The Council is at the sole discretion of the GMAC Board of Directors, which is charged with maintaining a membership that reflects The Council’s mission and member school values. In its evaluation of potential members, The Council is guided by an interest in maintaining a membership that is representative of quality business schools throughout the world that support The Council’s mission. Numerous factors are considered when assessing applications, including the strategic objectives of The Council; the prospective school’s alignment with the membership’s principles; the size and global coverage of membership; The Council’s ability to absorb new member schools; and other considerations established by the Board from time to time. In order to be eligible for GMAC membership, an institution should typically be considered an educational non‐profit organization, governmental entity or equivalent as described in the United States Internal Revenue Code Section 170(b)(1)(A)(ii). In particular, no part of the net earnings of the institution can inure to the benefit of any private shareholder or individual. GMAC reserves the right to deny membership to any prospective member school in its sole discretion, including without limitation, if the prospective member does not meet the tax‐exempt or other criteria described in this membership policy.

In order to be eligible for GMAC membership, a prospective member school must be able to award degrees, and is accredited by a relevant accreditation agency or alternatively provides evidence that its programs meet generally accepted standards of high quality in the field of management education. The criteria shall also include as a relevant, but not dispositive, qualitative factor whether the GMAT exam is required by the prospective member school for admission to all programs granting a Master of Business Administration (MBA) degree or any equivalent program.

The Board’s decision is final.

Applications for Membership Should Address the Following:

A Sustained Commitment to Support the GMAC Mission

This commitment could be displayed through such activities as:

  • Participating in GMAC surveys and professional development
  • Providing admissions, class profile, and graduation data to assist in The Council’s efforts to produce information that accurately presents the size and changing demands of graduate management education
  • Publicly promoting the school’s use of the GMAT exam by stating use of the GMAT exam or other GMAC assessment in school materials and/or websites or using the GMAT logo or other GMAC assessment logo in school materials and/or websites
  • Allowing GMAC to display the school logo in materials and/or websites to demonstrate the school is a member of GMAC
A Sustained Commitment to Providing Quality Graduate Management Education
This commitment is demonstrated through activities such as:
  • A quality learning experience for all students, which may be demonstrated by accreditation (or pending accreditation) by the Association to Advance Collegiate Schools of Business (AACSB); the European Foundation for Management Development (EFMD); Association of MBAs (AMBA®) or other accreditation organization; accreditation by the governing body of the school’s home country; and/or sustained partnerships at the graduate level with current GMAC member schools
  • Global engagement, which may be demonstrated through such activities as partnerships and/or exchange programs with other schools outside the school’s home country; candidate recruitment efforts that span multiple countries; representation of multiple citizenship in the student body and on the faculty; student clubs, organizations, or events that promote a global perspective; and course offerings and/or program offerings that also promote a global perspective
  • Providing students with the ability to leverage their graduate management education in a global context while in school, upon graduation, and into in their career
  • Providing auxiliary services that enrich and support the academic experience, such as student clubs, internships, academic exchanges, and career services
A Sustained Commitment to Fair and Ethical Treatment of Candidates and Students
This commitment is demonstrated through activities such as:
  • Appropriate use of, and ideally prefer, the GMAT exam or other GMAC assessment and other selective admissions criteria during the admissions process when evaluating a candidate’s academic potential for a specific graduate management program
  • An admissions process designed to assess appropriately the students’ abilities and educational needs and to match them to the education program delivered
  • Providing public‐facing school data (class profiles, survey responses, etc.) to ensure fair, accurate, and ethical representation of school information
  • The publication and application of a student code of conduct that outlines the ethical standards of conduct expected of the student body; this code may originate and be enforced at either the school or university level
  • Conducting regular, systematic reviews of students’ academic progress and pursuing remedial action where appropriate
A Sustained Commitment to Serving the Graduate Management Education Community
This commitment is demonstrated through activities such as:
  • The school’s educational programs and/or extra-curricular activities that have been designed to develop responsible global leaders
  • Production or participation in outreach/pipeline development activities (on‐campus or off‐campus recruiting events, sessions, or programs; printed recruiting materials; and/or website content) that help create and promote access to graduate management education for all people, including those of varying races and ethnic backgrounds, genders, socio‐economic conditions, religious preferences, sexual orientations, educational backgrounds, and/or professional experiences, throughout the world
  • A commitment to professional development and continuing education for the school’s administrative staff through industry‐related on‐campus or off‐campus seminars, workshops or programs; certificate or degree programs; and/or conferences or conventions including GMAC sponsored events

Benefits of GMAC Membership

BENEFITS  GMAC MEMBER SCHOOLS  GMAC CLIENTS 
Member Services
   
Dedicated Account Manager providing consultation and training on GMAC products, tools, and resources

 
Annual review of member benefits utilization and school engagement with GMAC
 
Up to 15 GMAT Exam Fee Waivers in a 12-month period (non-member schools receive only up to 10 GMAT Exam Fee Waivers)
 ✔
 
GMAT competitive intelligence report for programs receiving GMAT scores from 50 or more examinees in the most recent testing year
 
Inclusion in School Finder, Calendar of Events, and Military Program Listing on mba.com


Access to the Graduate Management Admission Search Service (GMASS®) database

Availability of GMAC member (to signify membership), GMAT and other GMAC assessment logos for use on school websites and collateral materials 


Access to the benchmarking tool (when participating in GMAC surveys), interactive profile, and validity study survey/benchmark


Professional Development and Networking    
Access to the online Member Directory to connect and interact with colleagues and peers around the world

 
Preferred pricing for Primary and Alternate Representatives on GMAC Professional Development programs

 
Two (2) round-trip airfare tickets and registration to Annual Conference for the Primary and Alternate Representatives OR one (1) round-trip airfare ticket and registration to Annual Conference and one (1) round-trip airfare ticket and registration to the regional conference^ in the member school’s region for the Primary or Alternate Representative

 
Guaranteed hotel room availability for the Primary and/or Alternate Representative at the Annual Conference host hotel when registered for the conference prior to the early bird deadline (Reminder: booking and payment for the hotel room is the Primary and/or Alternate Representatives’ responsibility)

 
Guaranteed “seat” at the Leadership Conference (if registered prior to the early bird deadline)

 
Access to the Careers in Graduate Management Education website


Subscription to GMAC® Connections email newsletter with exclusive information for members, GMAC Advisor blog, and GMAC Quick Clips


Opportunity to participate in GMAC advisory committees, focus groups, and the Board of Directors


^ Regional conference flexibility applies to the Asia Pacific Conference and the European Conference


Expectations of Membership

Once admitted to membership, each member school will be required to confirm its continued interest in membership on an annual basis. To remain a member in good standing, a member school must continue to demonstrate its commitment to supporting the GMAC mission, offering quality graduate management education, providing fair and ethical treatment of candidates and students, and serving the graduate management education community. Additional expectations of membership include: 

  

Data Submission

Member schools are required to participate in the GMAC Application Trends Survey by submitting, at a minimum, data for their full-time MBA, or the next largest MBA or flagship program, if a full-time MBA program does not exist. All data collected will be anonymized and aggregated in the Application Trends Survey Report*. Member school data will be handled in accordance with GMAC privacy and data security policies and practices as described in the GMAC Privacy Statement on gmac.com. 

Maintain a selective admissions process and use the GMAT exam or other GMAC assessment

In order to support the mission of The Council, member schools must use, and ideally prefer, the GMAT exam or other GMAC assessment as a part of their admissions and enrollment processes for their graduate management programs in principle. Exceptions will be considered when a potential member school demonstrates a prohibition from such requirement by local laws or regulations. 

Update school and Primary/Alternate Representative information annually

Each member school must verify the accuracy of its program profiles on School Finder annually. Additionally, each member schools must verify the accuracy of the Member Directory, changes in Deans and/or GMAC Representatives’ designations, and other key contact information.
Commitment to GMAC
The member school is encouraged to display the GMAC member, GMAT and/or other GMAC assessment logo(s) on its website (or provide language indicating GMAC membership and GMAT and/or other GMAC assessment usage) and appropriate admissions marketing materials. GMAC may display member schools’ logos in materials and/or websites to demonstrate the school is a member of GMAC.

* The information you provide for the Application Trends Survey will be kept confidential. GMAC has a minimum acceptable respondent size reporting requirements to protect confidentiality. Your school’s responses cannot be identified by another school. Your school’s name will be included to show that your school participated in the research survey.



The chief executive officer of the school (i.e., the dean, principal or president or other appropriate title) must designate two official representatives – a Primary and an Alternate. The Primary or Alternate Representative is required to hold a senior role in admissions, an appropriate functional head position, or the head of a GMAT or other GMAC assessment using program (program director or program manager) at the institution. Member schools are required to vote in all Board elections annually and any other matters that may come before The Council a minimum of two out of three years. The Primary or Alternate Representative is required to attend at least one of the following GMAC conferences annually: Leadership Conference, Annual Conference, European Conference, Asia Pacific Conference. The Primary and Alternate Representatives will serve in their respective representative roles for a minimum of three years, which may not be changed except for extenuating circumstances, including but not limited to, medical leave (including parental leave); extended leave or academic sabbatical; the current Representative is no longer associated with the business school, employed by the school or institution, no longer holds an appropriate functional area head position, has moved into a new role at the school, or serving in the interim Representative capacity.

GMAC may engage in an annual review of member school compliance in accordance with this Membership Policy. A member school may be placed on a one-year probation should it not meet the expectations of membership, lose its accreditation, or fail to support the GMAC mission, provide quality graduate management education, or provide fair and ethical treatment of candidates and students. GMAC may withdraw membership at any time in its sole discretion for failure to comply with these or any other aspects of this Membership Policy.

In order to remain a member, an institution must continue to meet the tax‐exempt criteria. Member schools are expected to notify GMAC promptly if there is any change in the member school institution’s tax‐exempt status. GMAC has the right to withdraw membership in its sole discretion if at any time a member school is no longer considered tax‐exempt.

* Participation in or attendance at GMAC annual conferences constititute Primary or Alternate Representative attendance at one of the following conferences per year: Leadership Conference, Annual Conference, European Conference, APAC Conference.


Member Responsibilities

Member schools form an important part of the governance of The Council and are required to vote in all Board elections and any other matters that may come before The Council. Member schools are also expected to participate in activities that support the GMAC mission including participating in GMAC surveys, advisory groups, and other forums to contribute to the development of new products and services that will advance management education.

By applying for membership, you agree to the following responsibilities of membership.

Dean Responsibilities:
  • Nominate individuals for open seats on the Board of Directors
  • Vote in the election of Dean Directors of the Board
  • Designate Primary and Alternate Representatives

Primary Representative Responsibilities:
  • Vote on behalf of your school on all matters brought before the membership
  • Nominate individuals for open seats on the Board of Directors
  • Vote in the election of Representative Directors of the Board
  • Receive and review all official corporate notices of membership or governance meetings 
  • Receive all member mailings regardless of your email “opt-in” preferences
    Periodically review and update your school’s Member Directory listings and school professionals registered with your school on gmac.com 
  • Attend at least one of the following GMAC conferences annually on behalf of your school: Leadership Conference, Annual Conference, European Conference, Asia Pacific Conference
  • Participate in GMAC surveys, advisory groups, and other forums
  • Identify an individual for each program accepting the GMAT exam to review the program profile in the School Search Service on mba.com
  • Disseminate GMAC information to relevant parties within the business school
  • Serve as the Primary Representative for the member school for a minimum of three years, which may not be changed except for extenuating circumstances, including but not limited to, medical leave (including parental leave); extended leave or academic sabbatical; the current Representative is no longer associated with the business school, employed by the school or institution, no longer holds an appropriate functional area head position, has moved into a new role at the school, or serving in the interim Representative capacity.
     

Alternate Representative Responsibilities:
  • Attend at least one of the following GMAC conferences annually on behalf of your school: Leadership Conference, Annual Conference, European Conference, Asia Pacific Conference 
  • Participate in GMAC surveys, advisory groups, and other forums
  • Fulfill the Primary Representative responsibilities if and when the Primary Representative is unable
  • Receive all member mailings regardless of your email “opt-in” preferences
  • Serve as the Alternate Representative for the member school for a minimum of three years, which may not be changed except for extenuating circumstances, including but not limited to, medical leave (including parental leave); extended leave or academic sabbatical; the current Representative is no longer associated with the business school, employed by the school or institution, no longer holds an appropriate functional area head position, has moved into a new role at the school, or serving in the interim Representative capacity.
     

Membership Fees

There is no membership fee.


Adopted by the GMAC Board of Directors on December 8, 2015.

If you are interested in becoming a member, please contact us.