MCLEAN, Va., Oct. 8, /PRNewswire-USNewswire/ -- The Graduate Management Admission Council (GMAC), the association of international graduate business schools and owner of the GMAT exam, has admitted two new members: the University of Edinburgh Business School and the Indian Institute of Management Bangalore.

The two schools were selected by the GMAC Board of Directors to join 177 other leading business schools from 19 countries.

"We are pleased to welcome the University of Edinburgh Business School, under the leadership of Professor Nick Oliver, and the Indian Institute of Management, led by of Director and Professor Pankaj Chandra, to our ranks," said David A. Wilson, GMAC president and CEO. "These selections recognize the significant contributions both schools have made to graduate management education around the world, upholding the high standards of excellence and integrity that represent membership in the Council."

The University of Edinburgh Business School was established in 1918 as part of one of the world's oldest universities, the University of Edinburgh, which was granted a royal charter in 1582. Since it began offering the MBA in 1980, the Business School has graduated over 3,500 students, representing diverse nationalities, backgrounds, and business specializations.

The Indian Institute of Management Bangalore was established in 1973 and is considered one of India's leaders in management education and research promoting managerial excellence. It has numerous partnerships with industry and academic institutions around the world.

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 Graduate Management Admission Test (GMAT), 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.

SOURCE Graduate Management Admission Council

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