The Graduate Management Admission Council (GMAC), the association of international graduate business schools and owner of the GMAT exam, announced on October 7, 2009 that it has admitted the Indian Institute of Management Bangalore as its newest member.

IIMB was selected to join 178 other leading business schools from 19 countries by the GMAC Board of Directors. 

In a media release issued on October 7, 2009, GMAC said: "We are pleased to welcome the Indian Institute of Management Bangalore, under the leadership of Director and Professor Pankaj Chandra, to our ranks," said David A. Wilson, GMAC president and CEO.  "It is clearly recognized as an institution that is at the forefront of graduate management education around the world, upholding the high standards of excellence and integrity that represent membership in the Council."

Founded by a group of business school deans in 1954, GMAC is a non-profit education organization composed of leading graduate business schools around the world and dedicated to creating access to and advancing graduate management education.  GMAC also owns and administers the GMAT exam, which is used as part of the admissions process at more than 4,700 graduate management education programs in almost 2,000 business schools.

The Graduate Management Admission Council (www.gmac.com) is based in McLean, Virginia, and has a European office in London.  More information about the GMAT, which is the only standardized test designed expressly for graduate business and management programs worldwide, is available at www.mba.com