What is GMAT?
GMAT (Graduate Management Admission Test) is a standardized management test for admission to MBA, Master of Accountancy, and Master of Finance and other programs of more than 2000 business schools worldwide. The exam is conducted by Graduate Management Admission Council (GMAC).
GMAT does not have any specific dates. But there are limitations in attempts and break between two attempts.
Minimum break between two GMAT attempts must be 16 days. Also within a 12 month period one can only attempt maximum of 5 attempts. A candidate can take no more than 8 retests in a lifetime.
Eligibility for GMAT
There are no specific eligibility criteria for attempting GMAT exam. But this course is intended for degree holders and undergraduate students who are about to graduate. Please note some minimum requirements to attempt GMAT.
You must be at least 18 years of age. If age is in between 13 – 17 a written proof of guardians consent is required.
One can only take the exam only 5 times within a period of 12 months and total of 8 times in a lifetime.
A minimum break of 16 days is required to take the exam again.
If you score a perfect score of 800, then you must have to wait for 5 years to take the exam again.
How to Apply for GMAT?
First step in applying for GMAT is by registering an account with GMAC in their official website www.mba.com. Then the candidate can schedule the date of exam by choosing any date according to the convenience and availability of that date and time. There are other methods like registering through the phone by paying an extra service charge, sending completed information and payment information through postal mail or fax.
Fees for GMAT
Different fees for GMAT (for 2019) are as follows:
GMAT Exam fees – USD 250
Reschedule exam appointment
More than seven days before appointment – USD 60
Within seven days of appointment – USD 250
Additional Score Report – USD 35 each
GMAT is a computer adaptive test. Duration of the test is three and half hours. The questions are from four areas namely Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score of exam ranges from 200 – 800. Click here to read more about GMAT Exam Structure.
GMAT score of a candidate varies from 200 – 800. As per the GMAT score, only Verbal and Quantitative scores impact the total score. Analytical writing section is scaled on a 0 – 6 range and Integrated reasoning is scaled on a range of 1 – 8. Quantitative Reasoning and verbal reasoning are scaled on a range of 6 – 51. The score has a validity of 5 years.
Candidate will get an unofficial GMAT score at the end of the test. Candidates have to accept or decline the result. If the result is accepted it will available for the participating institutes to view. Declining it, means the scores will not show. Official score will be available within three weeks following the test date.
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