GMAT Test Preparation: GMAT is a computer-adaptive exam that evaluates students’ analytical writing, quantitative, verbal, and reading abilities in standard written English. The GMAT Exam costs US $250 to take. This exam is taken to get admission to a graduate management program, such as an MBA or a Masters in Finance-related degree at one of the world’s top business schools. The following are some GMAT Preparation tips.
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The Graduate Management Admission Test assesses a student’s ability to evaluate and interpret textual content, solve problems, and use critical thinking.
In terms of being a critical thinking exam, the GMAT is the first of its type. The use of fundamental abilities such as information analysis and reasoning is the most important essential to passing the GMAT exam.
The GMAT is a standardized test that assesses a Pakistani student’s Mathematical, Verbal, and Analytical abilities. As potential employers, the test identifies the most capable candidates for business studies. Almost 1000s of business schools rely on GMAT scores to admit students to their programs.
Why should you take the GMAT?
It is the most generally approved MBA admissions exam in the world. No other exam has as broad acceptance as the GMAT; according to the GMAC, 9 out of every 10 MBA enrollments are made using the GMAT score. Furthermore, almost 2,300 schools accept GMAT scores for admission. In addition, the GMAT Exam is administered at 650 testing facilities in 114 countries.
GMAT exam eligibility requirements
As a result, there are no specific eligibility criteria established by GMAC, the corporation that administers the GMAT, for taking the GMAT exam. However, after taking the GMAT, one should always meet the eligibility criteria specified by the university/college one wishes to attend.
Criteria for age:
1) The candidate must be at least 18 years old.
The candidate’s age is not restricted.
2) If the candidate is between the ages of 13 and 17, they must receive written consent from their parents or legal guardians.
Qualifications in education
Candidates for an MBA program must have a graduate degree in any discipline from a recognized university.
Exam Fee for the GMAT
The GMAT exam application fee is $250. In addition, applicants will be charged an additional $50 if they wish to modify the testing location or reschedule the exam.
Cancellation Fee for GMAT
You will be repaid US$80 if you cancel the exam more than 7 days before the test date. Furthermore, if you cancel within 7 days of the test date, you will not be refunded. Furthermore, the test appointment cannot be canceled less than 24 hours before the scheduled test time.
Fee for GMAT Rescheduling
You must pay a US$60.00 fee if you reschedule the exam more than 7 days before the test date. You must also pay a US$250.00 charge if you reschedule the exam within 7 days of the test date. Furthermore, the exam cannot be rescheduled within 24 hours of the original test date and time.
How Do I Register for the GMAT?
According to GMAC, you can register for the GMAT exam 6 months before the date of the Graduate Management Admission Test or no later than 24 hours before the date of the GMAT exam, however the slot is not accessible at the last minute. As a result, it is recommended that you reserve your desired slot well in advance of the scheduled exam day.
GMAT registration methods include online, phone, and postal mail.
There are six steps to registering for the GMAT Exam, as well as many steps to scheduling the GMAT exam. The whole registration process for the GMAT Exam can be found here.
GMAT Exam Schedule
There are no set official GMAT dates; you can take the exam whenever it is convenient for you. If you need to retake the GMAT exam, you have 16 days to do so. The GMAT exam can be taken or retaken every 16 days. You can take the exam up to five times per year. It is recommended that candidates register two to three months before the exam date. If you register online or via phone, you can register up to 24 hours before the exam date. However, it is safer to register early because you will have a clear plan to prepare for the exam. Even coaching institutes advise you to register as soon as possible so that you have plenty of time to prepare.
Colleges That Accept GMAT Scores
GMAT candidates can apply to over 7000 programs at around 2300 business schools worldwide. Furthermore, prominent business schools around the world, such as Harvard, INSEAD, and Stanford, accept GMAT scores of at least 720. Furthermore, management institutions should award students a degree in order for them to be qualified to accept GMAT results. GMAT scores are one of the most essential variables in the admissions process to top business schools throughout the world. GMAT is approved in over 114 countries worldwide.
Scholarships for the GMAT
B-schools typically provide scholarships and awards to students pursuing a professional program such as an MBA. Furthermore, scholarships might be need-based or merit-based; nevertheless, there are no fixed procedures for scholarship awarding. It is dependent on each school’s admission process, thus the candidate should always check with the institution directly for scholarship opportunities. There are also two types of scholarships: full and partial. A full scholarship pays the entire program cost, whereas a partial scholarship just covers a portion of the course costs.
GMAT Score Validity
Candidates should be aware that GMAT results are valid for 5 years. Candidates should therefore examine the application deadlines of various universities and plan their GMAT exams accordingly.