The education world is getting smaller. With the introduction of the U.S. News World's Best Colleges and Universities ranking, students are able to—theoretically—compare schools around the world, not just within a given country or continent.
Business schools have not been immune to globalization. MBA fairs across the U.S. have booths and panels from schools located around the world. In fall 2008, European business schools received a lot of attention in the U.S. media because of a rise of interested American candidates. Even Vault highlighted the benefits of earning your MBA abroad. And the business school governing bodies took notice. AACSB International opened an office in Singapore in early June so that it can be closer to the growing Asian MBA market.
Today, GMAC announced the introduction of 12 new member schools, 10 of which are from outside the United States. Cass Business School in the U.K., EM Lyon in France, IE Business School in Spain and Fudan University School of Management in China were among the top business schools to make the cut. With the introduction of these schools, the GMAC membership roster now spans 117 MBA programs in 19 countries. These additions will make it easier for students to decide where to go to school as the number of options continues to grow.
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