A common question MBA aspirants ask is why the GMAT exam is required? Through the course of this article, we will be answering this question. However, before we do that, we will acquaint you with the GMAT exam — its sections, scores, pattern and more.

The Graduate Management Admissions Test is a globally accepted, standardised examination organised by the Graduate Management Admission Council (GMAC). The exam is specifically designed to test skills that you must possess to be eligible for graduate management programs. Over 21,000 universities accept GMAT scores as a necessary eligibility criterion. This is because the GMAT exam has been an indicator of academic success globally for over 60 years.

The GMAT consists of four sections — Quantitative Reasoning, Verbal Reasoning, Integrated Reasoning, and Analytical Writing Assessment. Each GMAT section tests a specific skill or ability required to be successful in today’s competitive management environment.

Let us take a quick look at the GMAT exam pattern

The sum of the scores of the Verbal Reasoning and Quantitative Reasoning sections make up the total GMAT score. The scores of the Integrated Reasoning and Analytical Writing Assessment do not contribute to the total score but they do add significant value to your university applications.

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Test your knowledge on a few GMAT questions!

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A 48-inch cord is cut into three pieces, each with different lengths. If the shortest piece of rope is f^2 inches, the second-longest 5f inches, and the longest is 24 inches, what is the length, in inches, of the shortest piece of rope?

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A man sold two cars at \$1000 each. On one car he made a profit of 20% and on another he made a loss of 20%. Find his approximate overall profit or loss in dollars?

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Jupiter Automobiles sold their automobiles in the United States as well as overseas and last year it has sold a record number of automobiles. Abroad, automobiles have been sold this year at well below last year's record pace. At the same time, there is considerable evidence that the number of overseas offices opened will be no higher this year than it was last year, and surely the new overseas offices opened this year will sell no more automobiles per office location than did last year's overseas offices. Clearly, it can be concluded that the incremental number of automobiles sold this year will fall short of last year's record.

In the argument given, the two portions in boldface play which of the following roles?

The average score is 26%

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Benefits of Taking the GMAT Exam

The GMAT proves to be beneficial in more ways than one.

Gets You Admission into Best MBA Programs

As mentioned earlier, the GMAT is accepted by over 21,000 universities all over the world for management programs. Hence, it is well-established that if you are looking to pursue an MBA, then the GMAT is a must.

You Have a Chance of Getting Scholarships for Your MBA Degree

While a good GMAT score can help you secure a seat in prestigious business schools. An excellent GMAT score combined with a strong profile fetches you numerous scholarship opportunities.

Opens Doors to Numerous Job Opportunities

A common misconception is that the scope of the GMAT score only extends to B-school applications. But, this is not the case, the GMAT is designed to measure your intellect and aptitude. A recent study has depicted that recruiters look for strong communication, analytical, problem-solving, and critical thinking skills in a candidate — all of which are tested on the GMAT.  These are some qualities that recruiters look for in potential employees.

Gets You Lucrative Packages

A good GMAT score not only ensures you get into the top business schools but also gets you excellent salary packages. Most MBA candidates have experienced an exponential increase in their salaries after having completed their MBA degrees. They have also observed growth in their career trajectory with them being offered managerial roles.

We hope we have helped you understand why the GMAT exam is required and how it is beneficial.

FAQs

1. What is the full form of GMAT?