All top-tier business schools that provide management programs set certain criteria for the selection of candidates. These standards help in ascertaining whether a particular candidate fits the profile of a certain program. One such criterion is the Graduate Management Aptitude Test or GMAT. 

This exam tests candidates on mathematical concepts, reading, writing, critical reasoning, and logical analysis. To cope with the curriculum of management courses like MBA and MIM, you need to possess the above-mentioned skills. Thus, universities and colleges use GMAT scores as a yardstick to measure an applicant’s ability. 

The GMAT has been waived off by many institutions or is considered an optional test. However, attempting the exam can help build your profile. This can put you on the priority list of the admission committee and makes you stand apart from the other applicants.

An excellent GMAT score enables you to apply for merit-based scholarships. These scholarships are given to students with excellent academic records and outstanding profiles. Therefore, if you want to fund your education in a top university through scholarships, then it is imperative that you score well on the GMAT.

GMAT vs Other Management Entrance Tests (OMETs)

The GMAT is among the most preferred management entrance exams worldwide. Exams such as CAT, XAT, IIFT, and NMAT, among others, are restricted to a certain set of colleges and universities. In case you are planning to study in Indian B-Schools, then you can choose these options. However, if you are keen on pursuing your management studies abroad, GRE and GMAT are your best bets. Aspirants planning to study overseas prefer to write either of the two aptitude tests for their admission process. 

The table below shows the comparison between GRE and GMAT.

GMATGRE
The  GMAT is designed specifically for business schools to assess the skills required to excel in a management program.Over 2 lakh candidates worldwide take the GMAT every year in order to apply to business schools. 9 out of 10 students who apply for management programs utilize  GMAT scores instead of GRE scores.It is 3 hours and 7 minutes long with four sections: analytical writing assessment, verbal reasoning, quantitative reasoning, and integrated reasoning.The overall score ranges between 200  to 800.The GRE is a general aptitude test for applying to a wide variety of graduate programs.It is taken only by 6 percent of candidates seeking admissions to B-schools.The GRE is 3 hours 45 minutes long. It has seven sections: two sections of analytical writing assessment, two sections of verbal reasoning, two sections of quantitative reasoning, and one experimental section (verbal/quantitative).The overall score ranges between 260 to 340.

FAQs

1. What is the application fee for the GMAT?

The registration fee of Gmat is $250.

2. Is there a limit to the number of times one can attempt the GMAT?

You can appear for GMAT five times in an academic year.  There is a lifetime limit of eight times.

3. What should be the gap between two consecutive attempts of GMAT?

There should be a gap of 16 days between two consecutive attempts. 

4. Which are the colleges that accept GMAT scores in India?

Following are the Indian B-Schools that accept GMAT scores:

  • Indian School Of Business, Hyderabad
  • S P Jain Institute of Management & Research, Mumbai
  • Great Lakes Institute of Management, Chennai
  • XIM, Bhubaneswar
  • IMT, Ghaziabad
  • IMI, Gurgaon
  • BITS, Pilani
  • K J Somaiya, Mumbai – IIT Bombay
  • T A Pai Management Institute (TAPMI), Manipal
  • Welingkar Institute of Management Development & Research, Mumbai
  • Goa Institute of Management, Goa
  • FORE School of Management, New Delhi, NCR
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