Finance, MSc Human Resource Management and Employment Relations along with its Executive MBA courses. In August 2015, WBS opened Phase 3b of its Scarman Road building on the University of Warwick campus. The £30m extension houses a 292-seat lecture theatre with a removable stage, a 120-seat lecture theatre which contains swivel chairs to allow for group work, a Behavioural Science Laboratory, a 150-seater café, nine seminar rooms, undergraduate and post-graduate learning spaces and four open plan offices for management and support staff plus a new reception. Research WBS is included in the world's Top 100 Business Schools that prioritize sustainability education by supporting core curriculum choices, dedicated institutes, and relevant faculty research. WBS is also included in the UTD Top 100 worldwide business school rankings based on research contributions. Its one of only 3 UK business schools to be awarded the top five-star (5*) research rating by the Higher Education Funding Council for England, the others being London Business School and Lancaster School of Management. Warwick Business School is consistently recognised as one of the world's leading research institutions in business and management. In the 2014 Research Excellence Framework more than 80 per cent of WBS's research output has been judged ‘World Leading’ or ‘Internationally Excellent’. The 2008 Research Assessment Exercise positioned Warwick in the top ranks for business and management research WBS is a founding member of the Academy of Business in Society where primary research can be applied directly into business practices. As of 2016, 100% of the WBS academic faculty have a doctoral degree, 54% are active researchers in the top 45 academic and practitioner journals whilst 76% are international academics. All academics are members of a teaching subject group, a research centre or unit, and often both. Each teaching subject group has a group convenor or head, and devolved group management. Each research centre has a director, and has similarly devolved management. Research centres may have a board with external representation to ensure practical relevance of research strategy. Accreditation In 2000, WBS became the first UK business school to hold Triple accreditation: the Association to Advance Collegiate Schools of Business AACSB, the Association of MBAs AMBA, and the European Quality Improvement System EQUIS. Admission Warwick BS is highly selective; selection criteria encompass candidates' academics, professional experience, and test scores. It has a median GMAT score of 660 and an average admission rate of 29%. The school