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The Graduate Management Admission Test, commonly known as GMAT, is a standardized exam issued by the Graduate Management Admission Council (GMAC) that measures the candidates’ ability to successfully study in business schools. It is used by the most respected business schools around the world as one of the admission criteria, most commonly for admission to the Master of Business Administration (MBA) program.
The GMAT exam evaluates particular writing, verbal, analytical, quantitative, and reading skills in written English. It also covers the knowledge of certain specific geometry, algebra, arithmetic. In addition, the test is designed to assess one’s problem-solving, logic, as well as reasoning skills that are important for real-world business & management success. The successful completion of this exam enables the applicants to demonstrate their commitment to achieving a graduate business degree while increasing their earning potential and opening up a variety of job opportunities.
Target Audience and Prerequisites
The GMAT exam is intended for the individuals who need to satisfy the admission criteria for the graduate management programs, such as the Master of Business Administration (MBA), Master of Accountancy (Macc), Master of Finance (MiF), and so on. The test is specifically designed for business schools to assess the competencies most relevant in the graduate management business program. As part of taking the GMAT exam, the candidates receive personalized recommendations for the business programs that could fit their interests. After completing the test, they can choose up to five business schools to send their exam score report.
As for the eligibility process of GMAT, the students can take this test if they are 13 years old or above. However, if you are between 13 and 18 years, you will need a permission letter signed by your parent or legal guardian allowing you to sit for the exam. If you are 18 or older, you can simply register for GMAT without any permission. Except for the age restrictions, there are no other specific limitations for taking this test. You don’t need to possess any academic qualification or working experience to attempt it. The majority of the GMAT candidates are either the under-graduate students in their final year of education or the working professionals.
Test Overview
The GMAT exam is three and a half hours long, including two optional breaks. The test is divided into four parts, including Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, and Verbal Reasoning. The students are free to choose how they start the exam, beginning with any of the above-mentioned sections. Let’s now have a look at each of these components in detail.
- Analytical Writing Assessment (AWA)
This section of the exam is designed to validate that the candidates are capable of thinking critically and communicating their ideas through writing an essay in English. The test takers are given 30 minutes to analyze a certain argument, reasoning behind this argument, and provide a critique of the given argument. Your ideas must be fully developed and properly organized. The writing task is scored on a scale of 0-6 in half-point intervals. The 0 score means that the essay was senseless or off-topic.
- Integrated Reasoning
This part of the GMAT exam evaluates your skills in integrating data to solve complex problems. The section consists of 12 questions covering four formats: Graphics Interpretation, Multi-Source Reasoning, Two-Part Analysis, as well as Table Analysis. The individuals will have 30 minutes to complete all those questions. Most of the questions included in this portion require multiple responses. This part is scored on a scale of 1-8 in 1-point increments.
- Quantitative Reasoning
This section of the test measures the ability of the students to solve quantitative problems, reason mathematically, as well as interpret graphic data. It contains 31 multiple-choice questions that are to be completed within 62 minutes. To be able to ace the questions related to this part of the exam, the applicants need to possess some elementary knowledge of algebra, arithmetic, and geometry. The portion is graded on a scale of 6-51 in 1-point intervals.
- Verbal Reasoning
This last part of the GMAT test evaluates the proficiency of the examinees in reading and understanding the written material, assessing arguments, and correcting the material to express ideas adequately in standard written English. It includes 36 multiple-choice questions and the individuals will be given 65 minutes to complete them. The section is scored on a scale of 6-51
in 1-point increments.
Test Registration and Retaking Policy
To register for the GMAT test, you need to create an account on mba.com and then schedule your appointment through the web scheduling system. The account will also enable you to manage your GMAT score, search information on business schools, compare them, and save them for easy access later. Additionally, you will explore the relevant advice on finding the right school and preparing for the exam.
The GMAT exam can be taken both at a testing center or online. You can check for the available centers in your country of living on the official webpage. The candidates with disabilities who would like accommodations should fill out the special accommodation request form before scheduling their appointment. The exam costs $250. All the students are required to present a valid ID when taking the test. Once you complete your exam, you can either cancel or report your score to the chosen business schools.
If you are unsatisfied with the result of your GMAT test, you can retake it. The candidates have the opportunity to retake the exam five times a year, but not more than eight times in total. There is a set waiting period of at least 16 days between the attempts. It is important to mention that all the scores from the previous attempts will be included in the final score report sent to the business schools to which one is applying.
Career Opportunities
Although the GMAT exam is designed specifically for business school admission, the test scores can also be used as a criterion for the selection of employees in many companies. Some organizations, especially in industries related to finance, business, accounting, and management, consider the results of GMAT to select the best candidates for particular roles.
There is a host of career opportunities for the individuals who have completed this test. In the finance industry, these candidates can take up the following job roles: a Financial Analyst, an Investment Banker, a Financial Advisor, and an Investment Fund Executive, among others. In the sphere of management, they can explore the positions of a Marketing Manager, an IS Manager, a Business Operation Manager, etc. In the business realm, the applicants can pursue the titles of a Management Analyst, a Business Operations Consultant, an Operation Research Analyst, an Information Technology Director, etc. The average salary for these jobs is around $80,000-$90,000 per annum. However, the real remuneration will depend on multiple factors such as your level of experience and the type of hiring organization.
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