Graduate Management Admission Test (GMAT): Overview, Structure, and Practical Insights
SB
Summary:
The Graduate Management Admission Test (GMAT) is a standardized test commonly used by business schools to assess candidates’ aptitude in mathematics, verbal skills, and analytical writing. This article explores the GMAT in detail, from its structure and application to its requirements and differences from the GRE. It aims to help prospective students understand this crucial step in pursuing a graduate degree in business.
Compare Business Loans
Compare rates, terms, and community reviews between multiple lenders.
Understanding the Graduate Management Admission Test (GMAT)
The Graduate Management Admission Test, commonly referred to as GMAT, is a standardized examination designed to evaluate a test taker’s abilities in mathematics, verbal reasoning, and analytical writing. The GMAT is primarily used as a key criterion by business schools when considering applicants for admission into MBA programs. It plays a pivotal role in the admissions process and serves as a measure of an individual’s readiness for the academic rigors of graduate business studies.
GMAT structure and scoring
The GMAT consists of four distinct sections:
- Analytical writing assessment
- Verbal reasoning
- Integrated reasoning
- Quantitative reasoning
The maximum score achievable on the GMAT is 800 points, with each section contributing to the overall score. The exam typically takes approximately three and a half hours to complete. The GMAT score is generally valid for five years following the test date.
GMAT application and costs
Each year, more than 255,000 individuals take the GMAT. The cost of taking the GMAT as of August 2023 is $275 when administered at a test center and $300 for the online version in the United States. GMAT exams are offered throughout the year, with testing availability nearly every day. However, there are some limitations; candidates can take the test no more than eight times in total and no more than five times within a 12-month period. Most applicants opt to take the exam once or twice before submitting their applications.
GMAT administrators and purpose
The Graduate Management Admission Council (GMAC) is responsible for administering the GMAT. Beyond assessing mathematical and verbal aptitude, the GMAT also evaluates an individual’s critical reasoning skills and logical thinking abilities as applicable to the world of business and management. In 2012, the GMAT introduced a new section called Integrated reasoning, focusing on evaluating a candidate’s skills in dealing with information from multiple sources and in different formats. This section aligns with the demands of data and technology in today’s business landscape.
Approximately 3,391 graduate programs and institutions around the world use the GMAT as a key component in their admissions process. GMAC recommends that the GMAT be considered as one factor when assessing student suitability for a program. It’s important to note that for some international students, the writing analysis section might reflect their English language comprehension more than their critical thinking and reasoning abilities.
GMAC advises against using strict cutoff scores for evaluating applicants, suggesting a holistic review of applications instead. In cases where cutoff scores are implemented, institutions are encouraged to take additional measures to prevent discrimination based on age, sex, or ethnicity.
GMAT requirements
When taking the GMAT, you must provide proper identification, which can include:
- International travel passport (required when taking the exam outside your country)
- Green Cards (Permanent Resident Cards) for non-citizen residents
- Government-issued driver’s license
- Government-issued national/state/province identity card
- Military ID card
Acceptable forms of identification may vary by country, so it’s essential to consult GMAC’s website to determine what is acceptable in your region. Additionally, you should be eligible to apply for a graduate program at the school of your choice.
GMAT vs. GRE
While the GMAT comprises four sections, the Graduate Record Examination (GRE) consists of three: Analytical writing assessment, Quantitative reasoning, and Verbal reasoning. Test takers are allotted three hours and 45 minutes to complete the GRE, with a maximum score of 170 and an average score of 150.
It’s not uncommon for graduate programs to accept either the GMAT or the GRE for admissions. However, due to differences in scoring scales, GMAT and GRE scores cannot be directly compared. Many schools allow applicants to choose between the two tests, depending on their area of interest. Business graduate programs are more likely to prefer the GMAT, while other graduate programs may accept both.
GMAT preparation tips
Preparation for the GMAT is essential to achieve a competitive score. Here are some practical tips to help you excel in the exam:
1. Understand the test format
Before diving into preparation, familiarize yourself with the GMAT’s format, including the four sections. Understanding what each section entails will enable you to tailor your study plan effectively.
2. Practice regularly
Consistent practice is key to success on the GMAT. Utilize GMAT study guides, online practice tests, and sample questions to build your skills and confidence.
3. Manage your time
Time management is crucial on the GMAT. Each section is time-limited, so practice pacing yourself to ensure you can complete all questions within the allocated time.
4. Seek professional guidance
Consider enrolling in a GMAT preparation course or working with a professional tutor. Their expertise can help you identify your strengths and weaknesses, resulting in a more focused study plan.
GMAT score interpretation
Understanding GMAT scores is vital for evaluating your performance and potential for admission into your desired program.
1. Sectional scores
The GMAT provides scores for each section, which can range from 0 to 60. These scores help you pinpoint areas of strength and areas that may need improvement.
2. Total score
The total GMAT score is a combination of your sectional scores and typically ranges from 200 to 800. A high total score can enhance your chances of acceptance into competitive programs.
3. Percentile rank
Your percentile rank indicates how you performed compared to other GMAT test takers. For instance, a percentile rank of 80 means you scored better than 80% of test takers.
4. AWA score
The Analytical Writing Assessment (AWA) score ranges from 0 to 6 in half-point increments. Business schools often pay attention to this score, as it demonstrates your ability to express ideas clearly and persuasively.
GMAT exam day tips
On the day of your GMAT exam, being well-prepared and stress-free is crucial. Follow these tips for a smooth test-taking experience:
1. Arrive early
Arriving at the test center early helps reduce anxiety and ensures you have sufficient time for check-in procedures.
2. Bring proper identification
Double-check that you have the required identification documents, as mentioned in the GMAT Requirements section, to avoid any complications on the exam day.
3. Stay calm and focused
Maintain a calm and focused mindset during the test. Anxiety can hinder performance, so deep breathing and positive self-talk can be beneficial.
4. Utilize breaks wisely
The GMAT offers optional breaks between sections. Use this time for a quick mental break, but be mindful of the clock to stay on schedule.
The bottom line
The GMAT is a critical assessment tool used by business schools to evaluate an applicant’s aptitude for graduate business studies. It measures not only mathematical and verbal skills but also critical thinking, reasoning, and analytical writing abilities. While the GMAT is widely accepted in business education, it’s essential to research the specific requirements of the programs you’re interested in. Preparing for the GMAT can significantly impact your chances of success in the competitive world of graduate business education.
Frequently Asked Questions
Is the GMAT the only test accepted by business schools for admission?
No, while the GMAT is widely accepted, some business schools also consider GRE scores for admission. The acceptance of either test depends on the specific program and school you are applying to.
How many times can I take the GMAT, and is there a waiting period between attempts?
You can take the GMAT a maximum of eight times in total, with no more than five times within a 12-month period. There must be at least 16 calendar days between test attempts. Most applicants take the exam once or twice before applying.
What is the cost of taking the GMAT, and does the price vary by location?
As of August 2023, the cost of taking the GMAT is $275 when administered at a test center and $300 for the online version in the United States. Prices may vary in different countries and regions, so it’s advisable to check the current fees in your location.
How long are GMAT scores valid, and when should I consider taking the test?
GMAT scores are generally valid for five years from the date of the test. It’s recommended to take the test when you are prepared and have thoroughly studied for it. Most applicants take the GMAT once they have a competitive application ready for submission.
What is the importance of the AWA section, and do all business schools consider it in their admissions process?
The Analytical Writing Assessment (AWA) section measures your ability to express ideas clearly and persuasively in written form. While some business schools may place more emphasis on this section, its importance can vary. It’s essential to research individual school requirements to understand how they evaluate AWA scores in their admissions process.
Key takeaways
- The GMAT assesses aptitude in mathematics, verbal skills, and analytical writing for graduate business programs.
- The test comprises four sections with a maximum score of 800, and scores are valid for five years.
- GMAC administers the GMAT, which is widely accepted in business education.
- GMAT requirements include proper identification, and eligibility varies by school and region.
- While GMAT and GRE are both accepted by many programs, the GMAT is often preferred for business graduate programs.
Share this post: