IIM-B to play bigger role in global business education

The Graduate Management Admission Council (GMAC), the association of international graduate business schools and owner of the GMAT exam, has admitted the Indian Institute of Management-Bangalore (IIM-B), as its newest member. The move is expected to increase the institute’s participation in policies and decisions involving international business education.

IIM-B has been selected to join 178 other leading business schools from 19 countries by the GMAC board of directors.

“In the recent years, we have had a global approach in hiring faculty and devising our curriculum. Various delegations keep coming into IIM-B to understand the Asian business scenario. Our inclusion into the GMAC committee is a result of the international business education’s growing interest in India,” said Trilochan Sastry, dean (academic) at IIM-B. He added when GMAC would need to engage in Asia, they would look at consulting IIM-B.

Founded by a group of business school deans in 1954, GMAC is a non-profit education organisation constituted by leading graduate business schools around the world dealing with graduate management education. GMAC, which is based in Virginia, also administers the GMAT exam, used as part of the admission process at more than 4,700 graduate management education programmes in almost 2,000 business schools. Even Indian School of Business (ISB), Hyderabad, is a member of GMAC.

“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, president and CEO, GMAC. “It is clearly recognised 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,” he said.