whatsapp

Benefits of GMAT for MBA

 

Whether you are considering doing your MBA abroad or considering management programs in India, you must have heard of the GMAT. If you are thinking about applying for an MBA program, but are not sure whether to take the GMAT, then this is for you to read on!

 

How Important is the GMAT Score

How Important is the GMAT Score

A GMAT score is an essential part of your MBA application along with letters of recommendation, application essays, and your academic transcripts. Research conducted by GMAC showed that for full-time MBA programs, GMAT scores contributed to 22% of the overall application, more important than interviews (20%) and academic transcripts (19%).

According to a survey conducted by GMAC, 9 out of 10 new MBA admissions are done using a GMAT score.

 

Role of a GMAT Score

Role of a GMAT Score

Universities perceive your GMAT score as an important part of your application. GMAT scores are trusted by universities as the GMAT is a standardized test that is conducted in reliable settings, all over the world.

Since the GMAT is considered a difficult exam by many, taking the GMAT shows B-Schools that you are committed to getting your postgraduate business degree and that you are ready for the rigors of such programs.

 

Measure of Current Skills

Measure of Current Skills

GMAT scores show your quantitative, analytical, and verbal skills. These skills are needed for both an MBA as well as a successful career post MBA. So GMAT is considered a good measure of the skills that you currently possess.

 

Indicator of Future Performance

Indicator of Future Performance

GMAT is considered a reliable indicator of potential academic performance in an MBA program. Also, the GMAT has been around for decades and thus universities are very comfortable with using GMAT scores to build the perfect class.

 

Preferred by Universities

Preferred by Universities

For management programs, especially MBA, GMAT scores are preferred by universities. Currently, GMAT scores are used for admissions into over 7000 business and management programs all around the world.

GMAT score is a single, comprehensive, total score of your math and verbal scores. The single score value provided by GMAT allows universities to easily measure your skills. At the same time, the universities also have the flexibility to consider the sectional scores (such as essay and integrated reasoning) as and when needed (depending on the program).

Advantages of a GMAT Score

Advantages of a GMAT Score

GMAT has certain unique advantages compared to other similar competitive exams. Firstly, it is accepted around the world and is the preferred score for MBA applications. Other than this, GMAT also offers an optional service that provides customized recommendations for courses that fit your needs.

  • For Experienced Test-takers

If the rigor and length of the GMAT is daunting, you can choose a shorter version of GMAT specifically designed for people with many years of experience. GMAT, The Executive Assessment is a shorter version of GMAT for candidates and is more suited for the Executive MBA programs.

  • For New Graduates (freshers)

GMAT scores are used for MBA applications and applications to master’s programs in business or management. 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 admitted from the top B Schools and join after some work experience.

 

Convenience of GMAT

Convenience of GMAT

The GMAT doesn’t have an exam date: it can be taken on any day of your choice. If you choose to take the exam at a test center, slots are available any day all year round. If you choose to take the exam from the comfort of your home then slots are available 24 x 7.

GMAT can be taken in any of the 650 test centers in 114 countries. Since 2020, GMAT can also be taken online from the convenience of your own home.

GMAT score is valid for five years. So you can choose to take the exam while studying and then apply to programs after you have gained more work experience.

 

Skills Developed While Preparing for GMAT

Skills Developed while Preparing for GMAT

When you prepare for GMAT, you are not only learning the concepts to ace the test, you will also develop skills that can help you both in your management studies and in your career. Here are some additional benefits of preparing for the GMAT:

  • Analyzing and Critical Thinking Skills

To ace the GMAT, self-evaluation and critical thinking are important. When you practice using GMAT online test series, after each GMAT sample paper, it is important to look at answer explanations, understand your own weaknesses and work to improve them. Before you decide to prepare by yourself (using the best books for GMAT preparation/ doing GMAT online preparation) or by joining prep classes (GMAT online courses) – you have to do self-analysis to understand which mode will be best for you. Even if you choose to seek support for your GMAT preparation, analyzing and critical thinking skills are involved in choosing the best option for you. The best study material is one that is accurate, effective, and easily accessible. Manya Princeton Review has standardized content, supportive trainers, and online content that are at par with the best in the world.

  • Planning and Time Management

Many people choose to prepare for the GMAT while they are working. This involves managing both their work, personal lives and also preparing for the GMAT. Even those who decide to prepare for the GMAT while studying, have to juggle many priorities and tight schedules. Not just planning- effective execution of the plan and disciplined approach is essential for success in acing the GMAT.

  • People Management

Utilizing all the resources available to you effectively is an important skill for a manager. One way to stay accountable for your goals is to tell your friends and family about your goals. Talking with them can help you stay motivated. While working towards a target GMAT score, you also learn to say no to people and events that will eat up your time. Of course, no goal is attainable without taking care of your health also. Successful students who ace the GMAT learn to make smart choices and eat healthy foods, exercise at regular intervals and also spend time with their loved ones.

  • Taking Other Exams is Easier

The GMAT syllabus is useful for writing other exams too. Based on your GMAT preparation, you should be able to attempt which NMAT is accepted in many B Schools in India. Quant & Verbal skills developed while preparing for GMAT can be used in NMAT too.

A great MBA can help you achieve the career that you have always wanted. A good GMAT score can set your application apart and can thus help you get into a great university/ MBA program. All that starts with a great GMAT score. So start your GMAT prep today!

 

Frequently Asked Questions

FAQs

Q1. Can GMAT score be used for MBA programs in India?

Yes, the GMAT score can be used for many MBA programs in India including those in ISB and executive MBA programs in IIMs.

Q2. Which is better: GRE or GMAT?

GRE is mainly used to apply to masters and Ph.D. programs. Though more B-Schools are now accepting GRE scores also, GMAT is still the preferred choice for MBA applications.

Q3. Which is better: CAT or GMAT?

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 (insert hyperlink https://www.manyagroup.com/gmat/why-gmat-over-cat/) for a detailed comparison of GMAT and CAT exams.

 

Find Your Dream University

If you are planning to study abroad and searching to match your profile with the best suited university, Experts at Manya Education have gathered important information of top Universities from abroad. Surely, this information will help you narrow down your quest for universities.

You can access accurate & authentic information related to rankings, application fees, average tuition fees, cost of living, scholarships, latest updates, and much more from more than 1000+ universities. You may also search for universities by name, country, or courses in common specializations, such as Physics, Finance, Business, Language and Culture, Agriculture, Environmental Science, Computer and IT, Media and Communication Marketing.

Manya Education offers end-to-end study abroad services encompassing admissions consulting services, test preparation, English language training, career assessment, and international internship opportunities to study abroad aspirants.

For more information, call our Study Abroad Helpline 1800 102 4646.

Book your Free Counselling Session now!

Planning to study abroad?
Get free 1-on-1 counselling with our experts

Subscribe to this blog