The London School of Economics and Political Science (LSE) has joined the Graduate Management Admission Council, the body that promotes the very best management education for graduates and sets global standards in the field.
LSE is one of 12 new members, bringing GMAC's total membership to 177 universities and business schools in 19 countries.
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 4,600 graduate management education programs in almost 2,000 business schools.
Professor Saul Estrin, head of LSE's Department of Management, said: 'This is an important symbol of recognition for us and indicates that the Department of Management is well on the way to becoming one of the world's leading graduate business schools. The GMAT exam is an important tool in enabling us to identify and select world class candidates for our top-rated management MSc programmes.'
The other new members include Fudan University School of Management in China, St Petersburg State University's Graduate School of Management in Russia and the IE Business School, Spain.
'We are pleased to welcome these new member schools to our ranks," said David A. Wilson, GMAC president . 'They are at the forefront of graduate management education around the world, upholding the high standards of excellence and integrity that are a hallmark of membership in the Council.'
The Graduate Management Admission Council (www.gmac.com) is based in McLean, Virginia, and has a European office in London.