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Importance of GMAT exam | An overview
If you’re planning to pursue graduate management programs abroad might have to appear for the GMAT exam. Scoring high on the exam increases your chances of admission to top business schools, obtaining scholarships and financial aid, and enhancing employability in the job market. In this article, we will discuss the importance of GMAT exam.
What is the GMAT exam?
The Graduate Management Admission Test (GMAT) is a standardized test that measures your skills and abilities to pursue graduate management programs like MBA, MS, and Ph.D. in business management. The GMAT exam assesses your skills in critical thinking, analytical writing, verbal reasoning, and quantitative reasoning.
GMAT exam syllabus
The GMAT exam syllabus consists of four sections: Analytical Writing Assessment (AWA), Integrated Reasoning (IR), Quantitative Reasoning (QR), and Verbal Reasoning (VR).
- The AWA section evaluates your analytical writing skills by analyzing the given argument and critically evaluating it. Therefore, you must present your ideas logically and coherently within a given time frame of 30 minutes.
- The IR section measures the ability to analyze data presented in multiple formats and sources. This section includes 12 questions that must be answered in 30 minutes.
- The QR section assesses mathematical and quantitative skills. It includes 31 multiple-choice questions, and you must solve them within 62 minutes.
- The VR section assesses your reading comprehension, grammar, and vocabulary. It includes 36 multiple-choice questions, and you must solve them within 65 minutes.
What is the importance of GMAT exam for studying abroad?
The GMAT exam is crucial for students who want to study abroad for several reasons. Here are some of the most importance of GMAT exam-
- Admission to top business schools: Most of the top business schools around the world require the GMAT exam as a prerequisite for admission. Scoring high on the GMAT exam can help you secure admission to these top business schools and enhance your career prospects.
- Scholarship opportunities: Many universities and business schools may offer scholarships and financial aid to you based on your GMAT scores. Scoring high on the GMAT exam can help avail of these scholarship opportunities and reduce financial burden.
- Career advancement: Scoring high on the GMAT exam can help you enhance your career prospects and secure high-paying jobs in top multinational companies around the world.
- Global exposure: Studying abroad can help you gain exposure to diverse cultures, work environments, and business practices. Another importance of GMAT exam is to help you develop a global mindset and enhance your problem-solving skills.
Eligibility criteria
The GMAT exam is open to all those who want to pursue graduate management programs like MBA, MS, and PhD in business management. However, there are some eligibility criteria you must fulfill to take the GMAT exam:
- Educational qualification: You must have a bachelor’s degree from a recognized university or an equivalent educational qualification.
- Age limit: There is no age limit to take the GMAT exam.
- Nationality: The GMAT exam is open to all students, regardless of your nationality or country of origin.
- Exam frequency: You can take the GMAT exam once every 16 days and no more than five times within a year.
To register for the GMAT exam, you need to create an account on the official GMAT website and provide your personal and academic details. You also need to upload a passport-sized photograph and pay the registration fee, which is currently $250.
GMAT exam fee
As said, the cost of booking the GMAT exam in India is $250, which is approximately Rs. 18,300. However, the GMAT exam fees may vary depending on the currency exchange rate and other factors like test center location, rescheduling fees, and score-sending fees. The GMAT exam fees include the cost of booking the exam, sending scores to up to five schools, and accessing the Official Guide for GMAT Review.
How to register for the GMAT exam?
To register for the GMAT exam, you need to follow these steps:
- Create an account: You need to create an account on the official GMAT website by providing your personal and academic details.
- Select test center: You must select the test center and date of your choice based on availability.
- Pay the fees: Pay the registration fee of $250, which is approximately Rs. 18,300, using a credit card or other payment options.
- Upload photograph: You also need to upload a passport-sized photograph that meets the specified guidelines.
- Confirmation: After completing the registration process, you will receive a confirmation email with the details of your test center and date.
What is the difference between the importance of GMAT exam and GRE exam?
Students planning to pursue graduate management programs abroad often face the dilemma between the importance of GMAT exam and the GRE exam. While both exams are accepted by top business schools worldwide, they have different formats, syllabi, and scoring patterns.
The GMAT exam measures your skills in critical thinking, analytical writing, verbal reasoning, and quantitative reasoning, which are essential for success in the field of business management. On the other hand, the GRE exam measures skills in analytical writing, verbal reasoning, and quantitative reasoning, which are required for graduate-level studies in various fields like arts, sciences, and engineering.
In conclusion, the importance of GMAT exam is for students who want to pursue graduate management programs abroad. By preparing well and scoring high on the exam, you can increase your chances of admission to top business schools, secure scholarships and financial aid, and enhance your employability in the job market.
Key takeaways
- The GMAT exam measures your skills in critical thinking, analytical writing, verbal reasoning, and quantitative reasoning, which are essential for success in the field of business management.
- Scoring well on the GMAT exam increases the chances of admission to top business schools and obtaining scholarships and financial aid.
- A GMAT score provides a competitive edge in the job market, indicating your aptitude for business and management.
We hope you enjoyed reading this blog. In case of any queries, or assistance with your GMAT prep, reach out to us or drop a comment below.
Liked this blog? Read next: GMAT score chart | 5 points to enhance your exam strategy!
FAQs
Q1. What is the purpose of the GMAT exam?
Answer- The importance of GMAT exam is for admission to graduate management programs like MBA, Master of Finance, Master of Accounting, and Master of Business Analytics.
Q2. Is the GMAT exam difficult?
Answer- The GMAT test is considered challenging, but with proper preparation and practice, you can score well on the exam.
Q3. Is GMAT only for MBA?
Answer- GMAT is not only for MBA. The importance of GMAT exam is also for admission to other graduate management programs like Master of Finance, Master of Accounting, and Master of Business Analytics.
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