The Graduate Management Admission Council (GMAC) is a global nonprofit organization recognized for its leadership in the graduate management education space. Founded in 1953, GMAC is dedicated to advancing the art and science of admissions by offering world-class products and services to academic institutions and prospective graduate management students. Notably, GMAC is the owner and administrator of the GMAT™ exam, a premiere standardized test used by business schools around the world for admissions into MBA and other graduate management programs. Additionally, GMAC provides research, professional development opportunities, and marketing services to its members and the broader educational community.