All You Need to Know About the 2021 GMAT

 

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.

 

Why Should You Write the GMAT?

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GMAT vs CAT

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.

GMAT vs GRE

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.

Other reasons to take GMAT

  • Other exams become easier.
    1. NMAT which is accepted in many B-Schools in India is very similar to the GMAT
    2. The Executive Assessment is a shorter version of the GMAT for candidates with many years of work experience. This assessment is more suited for the Executive MBA programs.
  • GMAT scores are accepted for programs such as the ISB YLP, Harvard 2+2 program, Yale Silver Scholars program, or the Booth Scholars Program. These programs are a boon for students in the final year of study and do not have work experience. Students can get admits from the top B-Schools and join after some work experience.
  • The GMAT doesn’t have an exam date; it can be taken on any day of your choice.
  • Convenience: You can choose to take the GMAT in the nearest of 650 test centers in 114 countries or online from the convenience of your home
  • Scores are valid for 5 years

 

Eligibility Criteria for GMAT

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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.

  • AGE: There is no upper age limit for candidates. Candidates between the age of 13 and 17 should have written permission from a parent or legal guardian.
  • EDUCATION: GMAC has not mentioned any educational requirements or qualifications needed to take the GMAT.
  • ID PROOF: If you choose to take the GMAT at a test center in India, the only acceptable ID proof is a currently valid passport. If you choose to take the GMAT at home (GMAT Online), from April 8, 2021, Aadhar card is also accepted as ID proof.
  • Special considerations are available for people with disabilities. For example, after obtaining written permission from GMAC, people with disabilities can write the GMAT with slightly relaxed timings (more time is available for people with documented disabilities to complete the GMAT).

Related Blog Post: How to crack GMAT: Strategies you need to know

 

What is Tested on the GMAT?

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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.

What does computer adaptive mean?

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.

Sections of the GMAT exam

The GMAT exam consists of 4 main sections:

Syllabus of the GMAT exam

  • GMAT Verbal syllabus: basic verbal skills (grammar, reading comprehension, writing, etc.), logical reasoning
  • GMAT Quant/GMAT math syllabus: problem solving using basic math concepts (arithmetic, geometry, algebra, etc.), data sufficiency.
  • GMAT Integrated Reasoning syllabus: data analysis abilities (data from figures, graphs, tables, charts, etc.), logical reasoning
  • GMAT essay: ability to analyze an argument, write a coherent and convincing essay.

 

How is the GMAT Scored?

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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.

What is percentile scoring?

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.

 

How to Register for GMAT?

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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.

How to cancel an appointment?

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.

How to reschedule an appointment?

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.

Related Blog Post: The GMAT Study Guide: Maximize Your GMAT Score

 

How to Get and Use GMAT Scores?

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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.

What is an Unofficial and Official score?

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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