If you are aspiring for an MBA from a renowned business school, in India or abroad, then the GMAT exam is a hurdle you need to cross. The scores that you obtain on taking this exam is your gateway into schools you wish to see yourself in. However, the benefits of GMAT go far beyond just admissions into an MBA programme. It influences your career trajectory for a long period of time. Besides, it kick-starts your career at a better remuneration level, gives you an advantage over others and also provides alternative career options to fall back on.
The above mentioned are just a few of the benefits, through the course of this article, we will explore the scope of the GMAT exam further and tell you why it is helpful. So, read on.
The GMAT Exam Benefits:
- You make it into top B-schools
GMAT is a standardised examination that is designed explicitly for admission to business and management courses. It is the most trusted exam by business schools internationally. Approximately 2300 business schools accept the GMAT exam score for admission to more than 7000 programs. If you’re aiming to get into top B-schools, GMAT is the first step towards achieving your dream. Moreover, as the curriculum for B-schools is rigorous, your GMAT score is a factor that helps determine whether you are capable of handling the rigorous curriculum or not. Besides, all other parameters for selection such as work experience, past academic performance, letters of recommendation and personal essays are highly subjective and contribute to the admission process as well.
- You gain scholarships
Most international MBA programs are very expensive. Even if you manage to ace the GMAT, affording the fees of a top-tier B-school can be challenging. One of the best ways to pursue an MBA degree without a financial burden is by getting a scholarship. The competition to get a scholarship is brutal, but you can manage to get one with an excellent GMAT score. However, you should prepare for this in advance. You can check the average GMAT score required to be considered for a scholarship in your preferred B-school. Work hard and achieve the target GMAT score. However, achieving a good score doesn’t guarantee a scholarship. There are various other metrics that B-schools consider, and they differ from institute to institute. So, make sure you do a thorough research, and plan and prepare accordingly.
- You get a good placement and salary post MBA
A good GMAT score is not just necessary to get into a renowned college. It also plays a significant role in your post-MBA placement and salary. Many employers do consider your GMAT score as a part of their recruitment process. Majority of companies offer an excellent salary to students with a good GMAT score. Thus, it is beneficial for securing a well-paid job in an established firm.
- You get exposure
GMAT provides the opportunity for students to study abroad. Though studying in a foreign country comes with its own set of challenges, passing those hurdles is what helps you grow and face all sorts of challenges. During your course, you will also have the opportunity of interacting with people of different cultures and communities. This kind of exposure helps you understand other people, adapt to new environments and make you more tolerant towards global cultures. Besides, you get to learn from others, share your knowledge and build strong personal and professional relationships.
- Your communication skills improve
GMAT helps in polishing your communication skills! Every question in the GMAT exam is related to the practical business world that tests your verbal, quantitative, analytical and reasoning skills. The Verbal Reasoning and Analytical Writing Assessment sections are directly linked to your interpersonal skills. Hence, with constant preparation and practice for the exam, your communication skills improve considerably. Besides, your practical skills are useless if you don’t know how to or cannot get your points across succinctly. Hence, the GMAT exam not only helps you improve your communication in English but also shows you how to wield it in your workplace.
- You other valuable skills upgrade
When you are preparing for the GMAT exam, your logical, analytical, reasoning, problem-solving skills are all put to test. Hence, because of the constant practice and preparation you tend to brush up on these skills, which in turn helps you get a good score. Moreover, you get better at understanding and organising information and making better decisions on both small and large scale issues. Besides, your time-management skills — a skill that is needed to prioritise tasks not just professionally but generally in life too — also improve significantly, which is one of the key benefits of gmat.
GMAT is a measurement of your aptitude. Hence, a good GMAT score reflects that you have excellent communication, analytical, problem-solving skills and more. This proves you’re capable of undertaking any task either in top companies such as McKinsey, Accenture, or that of your own. Since the GMAT exam is very valuable in building a successful future for you, we have to say that it is undoubtedly highly beneficial.