Managed by the GMAC (Graduate Management Admission Council) Graduate Management Aptitude Test, a computer adaptive test, is required for an admission into an MBA Program, PhD and other management related programs abroad, and majority of the executive MBA programs (programs that require some work experience) in India. The GMAT score is generally valid for 5 years but a fresh score demand after every 3 years can be insisted by premier colleges.
IMPORTANT DATES FOR GMAT
The GMAT is available year-round and on demand, which offers test takers greater flexibility in scheduling. One can also re-schedule their exam date before 7 calendar days to the test. It is important to note that the GMAT can only be given once in a month and not more than 5 times in a year and if multiple tests are taken, B-schools takes the best of the scores of all tests taken in last 5 years. The advantage of taking a GMAT is that scores can be cancelled before they are viewed, if a candidate thinks he did not have a great exam.
GMAT & ITS HISTORY
In 1953, the organization now called the Graduate Management Admission Council (GMAC) began as an association of nine business schools, whose goal was to develop a standardized test to help business schools select qualified applicants. In the first year it was offered, the assessment (now known as the Graduate Management Admission Test), was taken just over 2,000 times; in recent years, it has been taken more than 250,000 times annually Initially used in admissions by 54 schools, the test is now used by more than 1,500 schools and 5,400 programs worldwide. The exam fee is $250 and score is reported on a fixed scale and will appear on the Official GMAT score report.
The GMAT consists of four main sections—Analytical Writing Assessment, Integrated Reasoning, Quantitative, and Verbal
The total time for the examination is 3 hours 30 mins plus optional breaks of 8 minutes before the third and fourth sections, and some initial time for biometric credentials verification. So the candidate should be prepared for a four hour appointment.