Anyone who wants to do their MBA in India or abroad can write the GMAT exam. More than 7000 MBA and Master’s Programs accept the GMAT score in 110+ countries. A good GMAT score can set your application apart from other applicants and can contribute to scholarship offers from universities. In India, the GMAT exam costs USD 250 and you can send your scores to five programs of your choice. You can take the GMAT exam up to 5 times in a rolling year (with a 16-day gap between the attempts). You can take the GMAT exam only 8 times in a lifetime.
GMAT is an internationally accepted exam and your GMAT score can be used for applying to B-Schools in India and abroad. CAT is for applying to B-Schools in India only. Your GMAT score is valid for five years, unlike the CAT score which is valid only for 1 year.
Check the link for a detailed comparison of GMAT and CAT exams.
Though the GRE is also an internationally accepted exam, it is mainly used to apply to Masters and Ph.D. programs. However, more and more B-Schools are now accepting GRE scores also for their MBA programs.
GMAC, the organization that owns and administers the GMAT, has not set any specific eligibility requirements for taking the GMAT. However, understanding the following GMAT eligibility requirements will be helpful for the test taker.
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The GMAT is a computer administered and computer adaptive assessment. This means that the actual exam is taken on a computer either at a test center or at home.
On the GMAT exam, the quant and the verbal sections are computer adaptive. This means the difficulty level of questions changes based on your performance. When you answer a question correctly, the next question will be of the same difficulty level or a higher difficulty level. On the other hand, if you answer a question incorrectly, the next question will be of the same difficulty level or a lower difficulty level. You cannot skip a question or move to any other question during the exam. This is because the computer uses your performance on the current question to determine the difficulty level of the next question.
The GMAT exam consists of 4 main sections:
The Analytical Writing Assessment section is scored on a scale of 0 to 6 in 0.5 point increments. The Integrated Reasoning section is scored on a scale of 1 to 8 in 1-point increments.
GMAT scores have a percentile ranking associated with them and the percentile rankings keep changing over time. The percentile rank refers to the percentage of people who have scored less than you. For example, if your score is in the 95th percentile – this means that you have scored more than 95% of the people taking the exam.
You can register for the GMAT exam online, over the phone, by mail (post), or by fax. To register online you need to create an account at mba.com. If you register over the phone, it may cost an additional USD 10. If you choose to register by mail, you need to ensure that the mail would be received by Pearson Vue at least 10 days before the chosen exam date.
You can cancel your appointment online or over the phone. Managing exam appointments over the phone will incur an additional charge of USD 10. To cancel your GMAT appointment, you can login to your GMAT account on mba.com. If you choose to cancel your exam appointment, you will only get a partial refund. You cannot make changes within 24 hours before your exam appointment. If you miss your appointment, you will not get any refund.
You can reschedule your exam using your GMAT account on mba.com after paying additional fees. You cannot make changes within 24 hours before your exam appointment. You can also reschedule your exam over the phone, but this will cost an additional USD 10. If you miss your appointment, you will not get any refund.
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Candidates cannot share the GMAT scores directly with universities. GMAC sends an Official Score report to the universities. When you register for the GMAT you can select up to 5 programs to which you wish to apply. If you wish to apply to any additional programs, each additional score report will cost USD 35.
At the end of the GMAT exam, you will be able to see your scores for the Quant, Verbal and IR sections. This is the unofficial score.
The Official GMAT Score Report will be available within 20 working days. It includes the scores from every reportable exam in the past five years and shows the following scores: Total GMAT, AWA/essay, Integrated Reasoning, Verbal and Quant scores. It will also include the most recent AWA essay response, and the background information you provided when you created your GMAT profile.
Along with your GMAT scores – your academic scores, resume, work experience, letters of recommendation and application essays are all important parts of your application. A good score is one that will help you join the program of your dreams. Remember that the GMAT score is part of your application and can set your application apart from the others.
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