The Graduate Management Admission Council Welcomes One of Portugal’s Leading Business and Economic Institutes

Newest Member Reflects the Importance of Globalization and Diversification in Graduate Management Education

RESTON, Va. (Mar. 19, 2020) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced the addition of one of Portugal’s top business schools into its membership. The addition of Nova School of Business & Economics (Nova SBE), brings GMAC’s total membership to 229 institutions.

GMAC member schools go through an invitation-only process governed by the organization’s board of directors. Nominees then participate in a comprehensive application process that addresses the sustained commitments to supporting GMAC’s mission: providing the tools and information necessary for schools and talent to discover and evaluate each other.

“Nova SBE is committed to the constant improvement of competent and responsible management education,” said Professor Rita Campos Cunha, Deputy Dean, Pre-Experience Studies. “As a school, we are designed as an open platform, always seeking dialogue and an exchange of ideas and best practices with our colleagues. We believe that GMAC is an excellent convener of business schools from around the world to which we can contribute through our own experiences and know-how, while also benefiting from the shared experience of other member schools.”  

“As business education evolves with the ever-changing pace of the global marketplace, institutions such as Nova School of Business & Economics understand the importance of innovation in how and what they are teaching tomorrow’s changemakers,” said Sangeet Chowfla, president and CEO of GMAC.  

Nova SBE considers itself a community of world citizens. Sharing GMAC’s vision of diversity, the institution strives to stay at the forefront of innovation while preparing executives and entrepreneurs of tomorrow to contribute to a more open, sustainable, and inclusive world. Financial Times has ranked the school 22nd for its International Master's in Management worldwide; 21st for its International Master's in Finance worldwide; and among the top 30 Business Schools in Europe. Recently relocated to a new campus in Lisbon’s Carcavelos neighborhood, Nova SBE is eager to offer students a modern, interactive, and collaborative learning experience.

To be considered for membership in GMAC, schools complete an application process and must maintain a selective admissions process; offer a master’s program in business administration, management subjects or equivalent; and actively support GMAC’s mission and use the GMAT exam or other GMAC assessments as part of their admissions and enrollment processes. They also participate in GMAC governance, including voting on board elections and other matters that may come before the Council.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. 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, and guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the graduate management education industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam 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 (NMAT) exam, for entrance into graduate management programs in India, Nigeria, the Philippines, and South Africa, and the Executive Assessment (EA), which supports the admissions needs of more than 160 programs around the world. 

Our flagship portal for graduate management education resources and information,, receives over 7 million visits a year and features the Program Finder matching tool and GMASS search service, a data-driven technology that helps connect candidates and business schools.  These platforms are part of GMAC Connect, a suite of services that help schools attract students through recruiting solutions that marry our market intelligence, data, reach and candidate touchpoints. 

Subsidiaries of GMAC include UK-based online publishing company BusinessBecause, a content-rich destination that helps students identify the right-fit business schools during the critical consideration and selection phases of their journey, and The MBA Tour, which supports business schools’ global recruiting efforts by organizing business education-focused events around the world. 

GMAC is a global organization with offices in China, India, Singapore, United Kingdom and the United States. To learn more about our work, please visit

About Nova SBE

Nova SBE is a leading school in the areas of Economics, Finance, and Management through its undergraduate, master's, Ph.D., MBA, and Executive Education programs. It is on the list of the 30 best schools in Europe with about 3000 students from more than 70 different countries, with its programs recognized by the Financial Times. The school is a member of the CEMS since December 2007, and a member of the restricted group of international Triple Crown schools, being the only Portuguese school classified by Eduniversal as "Universal Business School" with five Eduniversal Palms. It was the first Portuguese business school to acquire international accreditations and worldwide recognition in higher education. The international vision of Nova SBE is also reflected in the adoption of English as the main teaching language. The current Dean is Prof. Dr. Daniel Traça (Ph.D., Columbia University), also a former student of the school (BSc Economics '85).

Media contact:
Geoffrey Basye, Director of Media Relations, GMAC
+1 (703) 668-9799 or