Mumbai: Graduate Management Admission Council (GMAC), the statutory body that conducts GMAT (Graduate Management Aptitude Test) entrance test, has announced plans to set up an office in India. GMAC’s proposed office in India will be its third in the world, after the US and UK. David Wilson, GMAC President and CEO have said that it is waiting for the necessary approvals. He also added that they feel there's great potential for growth in the country.
As per sources, more than 2.65 lakh management aspirants appeared for GMAT across the world in 2009, over 8% of them from India. There has been a steady rise in the number of Indian MBA aspirants taking the test, tripling the figures in five years, from 13463 in 2005 to 30633 in 2006. And with GMAC setting up base in India, it will mean GMAT aspirants can expect better facilities. In addition, the demand for GMAT is set to rise even further once foreign universities set shop on Indian soil.
In the recent years, management education has witnessed a tremendous increase in its demand among Indian youth. India has become a hub of b-schools with elite institutes like IIMs, which offers top class management programmes. Every year, numerous students in India take up the national level entrance test in order to secure a seat in the premier institutes of the nation. Therefore, GMAC considering the growing popularity of management education is keen on setting up an office in India.