Email this page Share to Facebook Share to LinkedIn Share to Reddit Share to Twitter Subscribe to RSS Home > GMAC News Center > GMAC Press Releases Business Schools Receive TeamMBA Awards for Community Service MCLEAN, Va., July 23 /PRNewswire-USNewswire/ -- The Graduate Management Admission Council (GMAC) has presented TeamMBA Awards to six business schools from the United States and Europe in recognition of their commitment to community engagement and corporate social responsibility. The schools received the awards at the GMAC Annual Industry Conference in June. The TeamMBA Awards are part of GMAC's TeamMBA initiative, which encourages, recognizes and supports social engagement by graduate business schools and their students. Presented annually, the awards honor graduate management education programs for exceptional student and institutional initiatives designed to give back to the community. The 2009 TeamMBA Award recipients, selected by an international panel of judges, are: The Boston University School of Management, recipient of the All-School Award for its long-standing tradition of supporting student volunteerism with local organizations and activities with social responsibility and sustainability themes. Baylor University's Hankamer School of Business, winner of the Service Award for Collaborative Program. The award recognizes the involvement of Hankamer students in the Prison Entrepreneurship Program, which helps inmates develop business plans in preparation for their release from prison. The Zicklin School of Business at Baruch College, City University of New York, recipient of the Service Award for Original Program. The award recognizes the school for its students' efforts to help young people understand the benefits of budgeting and learn how to properly use credit. Mississippi State University's College of Business, recipient of the Service Award for Philanthropy. Student groups at the school devised and implemented competing strategies for a one-day cookie sales competition that raised $7,400. The University of Central Florida's DeVos Sport Business Management Program, winner of the Service Award for Volunteer Engagement in recognition of the more than 1,100 hours students at the university have devoted to rebuilding homes lost to Hurricane Katrina in New Orleans. The University of Navarra's IESE Business School, winner of the Service Award for Educational Initiatives for the work of its students in organizing and hosting the Doing Good and Doing Well Conference on responsible business in Europe. "TeamMBA is all about giving back to society and making this world a better place for all of us," said Dave Wilson, president and chief executive officer of GMAC. "These students are actually helping to educate business owners, aspiring entrepreneurs and community leaders." A video of the awards ceremony is available at http://gmac.mediaroom.com/ index.php?s=23. Further details about each TeamMBA Award winner are in the July edition of Graduate Management News (http://www.gmac.com/gmac/ NewsandEvents/GMNews/2009/July/AIC09_SixSchoolsWinTeamMBAAwards.htm). TeamMBA is an initiative of the Graduate Management Admission Council to encourage, recognize and support social responsibility and community engagement by graduate business schools and their students. More than 7,000 students, staff and faculty from 71 schools around the world have donated over 25,000 volunteer hours and raised more than $500,000 for charities and community organizations since the inception of TeamMBA in 2005. For more information about TeamMBA, visit www.gmac.com/teammba. The Graduate Management Admission Council (www.gmac.com) is a nonprofit education organization of leading graduate business schools worldwide dedicated to creating access to and disseminating information about graduate management education. GMAC is based in McLean, Virginia, and has a European office in London. The Council owns the Graduate Management Admission Test (GMAT), used by approximately 4,600 graduate management programs at some 1,900 business schools around the world to assess applicants. The GMAT--the only standardized test designed expressly for graduate business and management programs worldwide--is currently available at more than 450 test centers in over 100 countries. More information about the GMAT is available at www.mba.com.