Information is presented on selecting and applying to graduate management programs, the Master of Business Administration (M.B.A.) degree, costs and financial aid, and concerns pertaining to minorities, women, and foreign students. Additionally, key facts about specific graduate schools of management, a description of the Graduate Management Admission Test (GMAT), a sample GMAT and answer key, and guidelines for the use of GMAT scores are included. Detailed descriptions of more than 450 graduate programs throughout the world are provided. The most commonly asked questions about M.B.A. programs are considered to assist the applicant in evaluating whether a particular program will meet educational and career preferences, and other management programs/degrees are identified. Criteria used in the admission process, including the undergraduate record, GMAT scores, and motivation, are addressed. In addition to providing information on determining financial need and financing graduate study, aid programs for women and minorities are covered. Management careers in different sectors (business, the public sector, and entrepreneurial endeavors) are briefly described, and the way that knowledge/management skills acquired in school apply to careers entered by M.B.A. graduates is examined. Key facts on schools include: programs of study, deferred admit policy, length of study, applicants/enrollment for 1979-1980, student characteristics, and financial assistance. The content of the GMAT, what the test measures, and test-taking strategies are covered, along with explanations to selected questions. Finally, public interest principles regarding admissions testing are outlined. (SW)