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Friday, June 27, 2014

What is the GMAT®


                                                          What is the GMAT®?

A standardized test, the Graduate Management Admissions Test measures Verbal, Mathematical and Analytical skills. The test primarily intends to aid graduate schools of business assess the potential of the applicants for advanced study in business and management. Nearly 1000 management institutes all over the world require GMAT® scores from the applicants.
The GMAT® is different from most other examinations. The examination is entirely computer-based, and no two students get an identical set of questions. The test is scored on a maximum of 800. The GMAT® Score alone cannot guarantee admission into a school. The test is only one of the major factors taken into consideration in the long process of an applicant getting admitted into a Business School that he/she desires.
The GMAT® has four sections – Verbal, Quantitative, Integrated Reasoning and Analytical Writing Assessment. The following is the GMAT® test structure.

The US-based "Pearson VUE”, under the directions of the Graduate Management Admission Council (GMAC) develops and administers the GMAT®. Pearson VUE is responsible for setting questions, conducting the test and sending score reports to each examinee. For detailed information about GMAT®, please refer to the official website of GMAT®
www.mba.com

The IR section will test your ability to read, understand, and interpret the information presented to you. The information will be provided in different formats (or a combination of different formats, such as text, tables, and graphs). It will test basic data interpretation based on mathematical/ verbal concepts, and you will have access to a calculator during the IR section.
What is the role of IR section section score in university admissions process?
GMAC changed the GMAT® exam in June 2012 and added the IR section at the request of the admissions committees of numerous B schools. So, obviously, B schools will give importance to the IR section score. However, it is difficult to guess exactly how much importance is given to sectional scores of GMAT® since B schools do not release that data in the public domain.
What is the scoring scale for the NextGen GMAT®?
AWA section grades are from 0-6 in 0.5 increments


IR section is scored on a scale of 1-8 in 1 point increments


Quantitative score are from 0 to 60 (known as scaled score). However, 51 is 98 percentile


Verbal score are from 0 to 60 (scaled score). However, above 45 is 99 percentile on verbal


Total Score are from 200-800 in 10 point increments
It is one of the various criteria that the admission council looks at. However, a good GMAT® score does improve chances of admission.
Not necessarily. However, to do a master's course, one has to be a graduate in any stream.
What is the cost/registration fee for the GMAT®?
The registration fee for taking GMAT® is USD 250. After administering the test and before getting the final scores, the test takers are asked to submit the names of 5 B Schools that they would like to send their scores to. This facility is part of the USD 250 fee that is charged for the test.
How do I register for the GMAT®?

You can register online or by phone or by mail. The detailed information about registering for the GMAT® can be found at www.mba.com
How many times in a year is the GMAT® exam held? GMAT® is offered usually on all working days in India (ie, Monday, Tuesday, Wednesday, Thursday and Friday). The schedule can be obtained from Pearson VUE in person, through phone, e-mail or online. For more information, please visit www.mba.com

GMAT® can be taken unlimited number of times with a gap of a minimum of 31 calendar days between 2 tests. (It is highly advisable not to appear for GMAT® too many times as it may affect the applicant’s candidature). However, one can give the test only 5 times in a calendar year.
Your GMAT® score will be valid for 5 years after from the date the test was taken

What is the scoring pattern? Scoring is between 200 (Minimum) and 800 (Maximum) with 10-point increment for Quantitative and Verbal section combined. About 2/3rd of the test takers score between 400 and 600. The Quantitative and the Verbal scores are scaled out of 60 and range between 0 and 60. Score below 9 and above 44 in Verbal and below 7 and above 50 in Quantitative are rare.

The AWA section is scored between 0 and 6 with 0.5 point increments. An AWA score of 4.0 + is a decent score.
You will get your unofficial scores for the maths and verbal sections the moment you finish the exam. However, official scores (with scores for the AWA and IR sections) will take 20 days to reach you. Universities only accept official score reports.
Rescheduling more than 7 days prior to the original test date will cost you an additional USD 50. Rescheduling within 7 days of the original test date will cost you an additional USD 250.

What happens if I cancel my exam date?
If you cancel more than 7 days prior to test date, you will get a refund of USD 80. If you cancel within 7 days of the test date, you will not get any refund. So, it is better to reschedule than to cancel.

What happens if I want to cancel the GMAT® test score?

After taking the exam you are given the choice of cancelling your score without seeing it. If you choose to do so the score is lost forever but it gets reported on all subsequent score charts that you had cancelled an exam.
How do I pass on my score to the colleges where I want to apply to?  The universities only accept official scores sent directly by Pearson VUE. Scores to five colleges can be sent free of cost while taking the exam. Subsequently, for each score report sent to a college, you would have to pay $28.
GMAT® is accepted in a lot of Indian Business schools like ISB, IIMA (PGPX), IIMC (PGPEX), SP Jain, Great Lakes, etc.

If you secure 85 percentile it would mean 85 % of the students taking the exam in the past three years are below you and 15% are equal to or above you.
Can I apply to universities if I do not have the AWA score?

Yes, you can apply to the universities based on your provisional scorecard that you receive on the day of the test. But only if the university waives the requirement and as long as you are able to send the official score once it is out.

No, photocopies are not accepted. You have to send your scores only through Pearson.

If I take the GMAT® more than once, which score will be considered by the universities?

Most of the Universities take the best score. However, it is best to confirm the same from a particular university before applying.
If the application deadline of University X is July 15, by when should I take the GMAT®?

Technically, you can take it as late as July 15. However, it is best to take the GMAT® at least 15 days before the deadline so that you have enough time to prepare the other parts of the application.
Not necessary, although it is always better to have it ready. If the score is not available, it is advisable to book a date and give the university the schedule. Please note that the date of the GMAT® HAS to be before the deadline of the university.
I took the GMAT® in May 2009. Can I apply for Fall 2014 with this score?

No, the GMAT® score has to be valid till the start of the semester, ie., August 2014.
Is GMAT® mandatory for applying to MBA programs outside India? No, not all the MBA programs outside India. But to seek admission into the reputed Business Schools, one has to have a GMAT® score.

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