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What is a GMAT exam?
Graduate Management Admission Test, or GMAT, is one of the most widely accepted tests to pursue business and management programs. It is a standardised test often used to evaluate students’ competency for management programs. Let’s learn about the GMAT exam in detail through this guide.

Key Highlights

  • Graduate Management Admission Test: Key highlights
  • GMAT entrance exam: Pattern & syllabus
  • What is a good GMAT score?
  • GMAT registration 2023
  • GMAT preparation tips
  • Latest updates on GMAT 2023



Graduate Management Admission Test: Key highlights
GMAT is a computer-adaptive test accepted for 7,700+ programs in 2,400+ universities and institutions across 114 countries. The GMAT entrance exam assesses students’ quantitative, verbal, integrated reasoning, and critical thinking skills, which are important for success in business and management programs. Hence, GMAT is regarded as the most trusted and proven predictor of students’ academic success.


Conducting Body

Graduate Management Admission Council (GMAC)

Exam Mode

Online test and test at the test centre

GMAT fee

US$ 275 (∼INR 22,654) for the exam at a test centre
US$ 300 (∼INR 24,714) for the online exam

Score Range

200-800

Total exam time

3 hours 7 minutes

Test centres

600 around the world

 

GMAT entrance exam: Pattern & syllabus


Sections

Purpose

Duration
(in minutes)

Question numbers

Quantitative Reasoning

 

Measures how well you can analyse data and come to conclusions using analytical skills

62

31

Verbal Reasoning

 

Evaluates your reading, writing skills and ability to reason using English language

65

36

Integrated Reasoning

 

Examines if you can interpret information and data to solve problems

30

12

Analytical Writing Assessment

 

Your ability to present your ideas and critical thinking skills will be gauged

30

1


What is a good GMAT score?
Ideally, the GMAT score ranges from 200 to 800. However, top-ranked B-schools worldwide accept GMAT scores anywhere from 650-730. The higher the score, the brighter would be the chances to secure a spot in your preferred B-college. The GMAT score remains valid for 5 years.
You may want to know what is a good GMAT score for Harvard University. So, the answer is it accepts GMAT scores above 720. Kindly note that the GMAT score prerequisite differs from one B-school to another. Therefore, it is advised to check the GMAT score requirement with your chosen B-school before applying.


GMAT registration 2023
As per GMAC, students can register for the GMAT 2023 test up to six months before the test date. They can take the GMAT exam 5 times in a rolling 12-month period. The exam can be taken even once every 16 calendar days and overall 8 times in a lifetime. For GMAT registration, it is advised to visit the official GMAC website and create an account by providing some basic information. After registering, you can select your delivery test mode (online or at a test centre) and choose the date and time.


GMAT preparation tips

  • The foremost important step is to create a robust study plan and stick to it. Try to devote 5-6 months to prepare for the GMAT.
  • Choose your study material wisely. You can choose from a wide range of GMAT official preparation materials available online and offline.
  • Identify your areas of improvement and start working on them. For instance, if GMAT critical reasoning is bothering you the most, pay maximum attention to it by regularly practising using the best guides.
  • Lastly, ace your GMAT preparation with the GMAT practice test. Solving mock tests will give you an idea about your preparation level and hone your time management skills as well.

Latest updates on GMAT 2023
To meet the ever-changing business landscape, GMAC has recently announced the new GMAT pattern in the form of GMAT Focus Edition. This edition will focus more on higher-order critical reasoning and data literacy skills. Some of the key details of GMAT Focus Edition are as follows:

  • Registrations will open from 29th August 2023.
  • It will include only three sections - Quantitative Reasoning, Verbal Reasoning, and Data Insights, 45 minutes each. The total time duration would be 2 hours and 15 minutes for 64 questions.
  • The current version of the GMAT entrance exam will be available for students until early 2024.

So, if you want to study abroad and looking for financial assistance after passing your GMAT exam, Avanse Financial Services can assist you. At Avanse Financial Services, we offer loans for students with benefits like 100% finance, quick sanctions, flexible repayment options, etc. So, contact us today to know more about our study loan for abroad courses.

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