GMAT stands for Graduate Management Admission Test, and is organized by GMAC (Graduate Management Admission Council) as an entrance exam to business schools worldwide. The GMAT tests you on your analytical and verbal skills which are first requirements if you want to get in the business. This test is accepted by more than 7000 business and management programs worldwide. GMAT is not limited to getting admissions in good colleges but also plays an important role when you are looking for jobs in the business and management fields. Many top recruiters and employers look for GMAT scores while interviewing people because GMAT is not just any test; it is a depiction of your skills.
GMAT is a computer-based, multiple-choice test whose usual score lies between 200 and 800. The test uses its special algorithm that tests you on the basis of your ability for business educational courses. That means for every right answer you get a high score and tougher question. On the other hand, for every incorrect answer, you get a simpler question. The scores below 200 and above 800 are extremely unlikely, however not impossible depending upon how much you are prepared.
GMAT checks you for the following:
- Analytical Writing Assessment (30-minute writing task)
- Integrated reasoning (30 minutes to solve 12 questions)
- Quantitative Aptitude (62-minute aptitude)
- Verbal (65 minutes to test your verbal skills)
So candidates need to prepare on these four domains to crack GMAT. Following are the major (but not limited to) reasons that why a candidate would appear in GMAT exam:
- Getting into top business college world-wide
Who would not think of learning from top-class instructors and in a top-notch institute where you are provided with every facility to learn the subject and master it? Education now is not limited to your nationality, if you have got the calibre then you can get admissions in the college of your choice worldwide. Many business schools worldwide accept GMAT as an entrance test to their business and management courses. So if you are planning to pursue an MBA from one of the best business colleges in the world then go for GMAT exam.
- Getting a job in the Business and Management field
a. If you are going through a job interview and you have a good GMAT score then there’s a high likelihood of you being considered for the job because as said above, many top recruiters look for GMAT scores.
b. If you got admission in a good MBA program then GMAT will also help you in the interviews that you take after completion of your studies as the GMAT score is valid for 5 years. So it will make your application strong and many good opportunities will come knocking your door.
- Looking to open up your own business
GMAT is a good way to test up your abilities and face the harsh reality of whether or not you have that fire that is required for this field. Also, if you are planning your own startup, then good qualifications and a good score can help you win the trust of big investors. As mentioned above, it tests you on your ability so you’ll get an unbiased answer generated from a computer machine. It will really help you boost your confidence to grow in the desired business field.
- Looking to open up your own classes
Every year millions of students give this exam to test their abilities. A student can give this exam 8 times in his/ her life but not more than 5 times in a year. Do you know what that means? Even after 2-3 failed attempts, students have a chance and they use it. So, if you have decided a career goal as a teacher to students who want to ace exams then exams like GMAT and GRE can give you a high advantage. As pupils will obviously want to learn from the ones whom themselves have aced the exam.
To conclude GMAT exam will help you to stand out during the admissions process for the MBA and other business programs. It is the most widely used exam and trusted indicator of academic success for MBA and other graduate business degree programs worldwide. In fact, world level universities/colleges make 9 out of 10 MBA admission decisions using a GMAT score. Colleges also prefer to have good GMAT score candidates as it adds value to the college credibility. So if you are planning to excel in the business world, then it is very essential to crack the GMAT exam with a good score.
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