Pursuing a Master of Business Administration (MBA) is a smart way to advance your career, especially if you’re an aspiring manager. This post-graduate study program will boost your skills and experience for the business world. To start off your MBA journey, you’ll be required to take the Graduate Management Admission Test (GMAT); a high GMAT rating will be your ticket to the best business schools around the world!
Every year, around 200,000 candidates take the GMAT worldwide. Are you going to be one of them soon? To learn more about GMAT, check out the complete guide we’ve prepared for you!
What is the Graduate Management Admission Test (GMAT)?
The Graduate Management Admission Test or GMAT is a multiple-choice, computer-based and computer-adaptive standardized exam that is widely used for business school admissions. The GMAT results, along with your work experience and educational background, will determine your admission to graduate business programs (MBA) globally.
The GMAT exam measures your knowledge of basic arithmetic, algebra, geometry, data analysis, and grammar. The exam also aims to measure your critical thinking and problem solving skills—essential skills you need to ace your MBA program.
What is the coverage of the Graduate Management Admission Test (GMAT)?
The GMAT consists of four sections: Analytical Writing, Integrated Reasoning, Quantitative Reasoning, and Verbal Reasoning.
|Test||Goal||Time to complete|
|Analytical Writing Assessment||measures your ability to think critically and to communicate your ideas||30 minutes|
|Integrated Reasoning||measures your ability to analyze data and evaluate information presented in multiple formats||30 minutes|
|Quantitative Reasoning||measures your ability to analyze data and draw conclusions using reasoning skills||62 minutes|
|Verbal Reasoning||measures your ability to read and understand written material, to evaluate arguments and to correct written material to conform to standard written English||65 minutes|
Bonus tip: You can decide on the order of GMAT test sections during the exam. Strategically choose the order that will save you time or allow you to focus on your strengths! Here are the three orders you can choose from:
- Analytical Writing Assessment (AWA), Integrated Reasoning (IR), Quantitative, Verbal
- Verbal, Quantitative, Integrated Reasoning, Analytical Writing Assessment
- Quantitative, Verbal, Integrated Reasoning, Analytical Writing Assessment
How is the GMAT scored?
The GMAT is a Computer-Adaptive Test, which means the computer adapts to your performance while you’re taking the test. Sounds amazing, doesn’t it?
Once you start taking the exam, the computer assumes you have an average score and gives you a question with a moderate level of difficulty. As you answer the questions correctly, the computer will give you more difficult questions and increase the estimate score of your ability.
On the other hand, if you answer the questions incorrectly, the computer will give you easier questions which decreases the estimate score of your ability. Your score will be determined by an algorithm that calculates your ability level based on your number of right answers and the level of difficulty of the questions you answered correctly.
You will receive your unofficial GMAT score immediately following the test and you will have the option to keep or cancel your score.
Yes, you may cancel your score by logging into your MBA.com account. This option to cancel may take up to 24 hours to appear, depending on the location of your test center. You also need to pay a cancellation fee after leaving the test center. You must wait 16 days before you can retake the GMAT.
One way or another, give it your best shot!
What’s the passing score for the Graduate Management Admission Test (GMAT)?
Take a look at the performance of GMAT test takers from 2013 to 2015. Most of the applicants who qualified for the most competitive MBA schools have average scores in the 710 range, which puts them in the 90th percentile or higher!
So if you’re planning to apply to prestigious business schools around the world, you’ll need to target a score of 710 or higher on the GMAT!
|Top 10% of all test takers||710|
|Top 25% of all test takers||650|
|Top 50% of all test takers||580|
|Below 50th percentile of all test takers||580|
How do I apply for the GMAT?
There are three ways you can sign up for the GMAT: online, by phone, or by mail. You’ll need to provide the following information: Full and legal name, address, contact number, email, gender, date of birth, citizenship (U.S. test-takers must also indicate their ethnicity), and payment option.
If you register through phone, you can call the the GMAT Customer Service for your region with a $10 service charge for the registration. Note: the same transaction is free if you apply online.
To apply through mail, complete the form and mail it together with your payment.
If you apply online, which is the most popular option among GMAT applicants, here’s a step by step guide:
1. Create an account on MBA.com.
2. Begin the registration process.
3. Complete your personal profile.
4. Move on to optional information.
5. Verify your profile.
6. Choose a test center.
7. Pick a date.
8. Log out from your MBA.com account.
When and where can I take the GMAT?
Since the GMAT is a computer-adaptive test, you can take the exam any time! You just need to check the available testing centers in your area.
How much do I have to pay to take the GMAT?
You have to pay US$250 or around PHP13 000 to take the exam. Find out more about the payment methods and cancellation fees in the GMAT official website.
Learning never stops when you pursue a master’s degree in business administration. Every day, you’ll encounter an endless flow of ideas from your professors and colleagues—an exciting place to share ideas of your own. Who knows, you just might be the next Elon Musk or Manny Pangilinan in the business world!
Make your MBA dreams happen! Search and apply online to MBA courses here and abroad through Edukasyon.ph.