GMAC's Turn to Answer Questions
Applications at nearly every MBA program are on the rise, as layoffs turn corporate managers out of their cubicles and back to classrooms. In 2000, nearly 205,000 MBA hopefuls took the GMAT (Graduate Management Admissions Test), the 3.5-hour exam required of anyone who hopes to enter B-school. This year, about 220,000 would-be students will take it. In addition to overseeing the exam, the nonprofit Graduate Management Admissions Council (GMAC) spends plenty of time and money trying to help applicants improve their scores -- and find the money to pay for their MBA.
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