GMAT Is In Total Sync With The Industry's Requirements

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In the dynamic world of MBA admissions, your GMAT score serves as a potent indicator, reflecting your academic acumen and seamlessly integrating with industry requirements. Recent insights from the Poets&Quants survey shed light on a concerning trend: a whopping 65% of MBA consultants believe that business schools now place unprecedented emphasis on GMAT scores.

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It is because your GMAT score summarizes your potential while acting as a bridge between your aspirations and the demands of the industry. In this article, we will exclusively focus on GMAT acceptance in Indian B-schools, decoding how it syncs with the industry’s requirements.

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top_companiesWhat is the GMAT?

The GMAT, also known as the Graduate Management Admission Test, is a pivotal standardized examination administered by the Graduate Management Admission Council (GMAC) on a global scale. This test serves as a non-negotiable prerequisite for individuals aspiring to secure admission to esteemed business schools across the world.

Structured into four fundamental sections, namely analytical writing assessment (comprising an essay task), integrated reasoning, quantitative reasoning, and verbal reasoning, the GMAT scrutinizes candidates' analytical, quantitative, and verbal proficiencies.

Excelling in the GMAT is not merely an achievement; it opens doors to a world of academic and professional opportunities in the realm of business education.

recruitmentUnderstanding GMAT: A Gateway to Indian B-Schools

It won’t be wrong to mention that the GMAT exam holds a prestigious position in the world of business education, serving as a trusted benchmark for evaluating candidates' potential in graduate management programs.

Crafted collaboratively by B-schools for B-schools, the entrance exam assesses all the essential skills crucial for acceptance into these programs. Annually, over 200,000 aspiring business leaders opt for the GMAT exam, underscoring its significance in the application process.

According to recent data from Kaplan, the preference for GMAT among graduate business admissions students has surged by an impressive 44% since 2014. This trend underscores the exam's enduring reputation, ensuring a robust pool of dedicated applicants committed to excelling in business education.

factorsGMAT vs. CAT: Decoding the Preferred Choice in Indian B-Schools

Now that we are in the middle of this talk on GMAT, a thing that most of you probably want to question is the difference between GMAT and CAT. Both entrance exams are reputed and well-known when it comes to admission into the top B-schools. Still, at multiple points, the GMAT is a preferred choice among B-schools and applicants at the same time.

CAT

GMAT

Not an Adaptive Test

A Computer Adaptive Test

Number of times you can take CAT in a year: 1

Number of times you can take the GMAT in a year: 5

Number of times you can take CAT in a lifetime: unlimited, but you have to appear annually.

Number of times you can take the GMAT in a lifetime: 8

No upper age limits

No upper age limits

CAT scores are valid for up to one year

GMAT scores are valid for up to 5 years.

The candidate should score at least 50% in graduation (45% for SC/ST).

No percentage barrier

Government-mandated reservation system

No government-mandated reservation system

Scores accepted by approximately 200 domestic and 20 international B-schools.

Scores accepted by More than 7,700 programs at 2,400 universities and organizations in 110 countries, along with eight Ivy League universities like Columbia, Wharton, Stanford, etc.

Scores are only accepted for MBA/PGP, not MIM.

Scores accepted for MBA and Master Programs like PGP, MIM programs etc.

The registration fee for CAT is Rs 1900, i.e., 24.57 USD.

Fees will be $275 for Test centre exam and $300 in case of Online exam.

The CAT exam cannot be rescheduled.

The GMAT exam can be rescheduled.

The CAT exam cannot be canceled.

The GMAT exam can be canceled.

factorsGMAT Evolution: Tailoring Skills for the Modern Business World

The Graduate Management Admission Council (GMAC)  had launched GMAT Focus Edition on 29th August, Registrations are open now for a state-of-the-art version of the GMAT exam and testing starts on November 7th, 2023. It becomes more apparent that the GMAT syllabus is entirely in sync with the industry standard.

This revamped edition is designed to assess the crucial skills needed for navigating today's ever-changing business landscape. Don't worry if you're in the middle of your preparations; the current GMAT exam will still be in operation until early 2024.

But how the revamped version has high relevance to the modern industry-

Aspect

GMAT

GMAT Focus Edition

Sections

Quantitative Reasoning, Verbal Reasoning, Integrated Reasoning, and Analytical Writing Assessment

Quantitative Reasoning, Verbal Reasoning, and Data Insights

Test Duration

3 hours and 7 minutes (with two optional 8-minute breaks)

2 hours and 15 minutes (with one optional 10-minute break)

Total number of questions

80 questions

64 questions

Quantitative Reasoning

62 minutes, 31 questions

45 minutes, 21 questions

Verbal Reasoning

65 minutes, 36 questions

45 minutes, 23 questions

Integrated Reasoning

30 minutes, 12 questions

Not included

Analytical Writing

30 minutes, 1 question

Not included

Data Insights

Not included

45 minutes, 20 questions

Review and Edit Feature

Not available

Available for all sections and questions, including bookmarked questions

Scoring Range

200-800

205-805

Score Reports

Reported on a fixed scale with a percentile ranking

Improved score report with detailed performance insights

The previous and present versions of the GMAT consist of four sections in their syllabus, quite relevant to other entrance exams in the realm of business schools. But the new version has been given the addition of “data insights”, whereas the “integrated section” and “analytical writing” have been eliminated.

The aim was to make the GMAT more relevant to the industry. A future MBA will encompass case-study-based education. Therefore, the Data Insight section was intentionally included in the GMAT Focus Edition exam so that candidates could get a glimpse of what their future MBA program will look like and how they should be mentally prepared as they are heading to their dream B-school.

The list of top Indian B-schools accepting GMAT scores is extensive. A whopping 2300 B-schools (including those abroad) accept GMAT scores. Yet, some of the prominent names in India—IIM and its branches, ISB, TAPMI, Xavier, and many more—are openly accepting GMAT scores.

adviceConclusion

It's clear that the GMAT exam holds a pivotal role for aspiring business leaders. It's not merely a test but a gateway to a multitude of opportunities in the realm of business education. The recent data underlines the increasing significance of GMAT scores. This exam, crafted collaboratively by business schools, meticulously assesses the vital skills necessary for acceptance into graduate management programs. Its enduring reputation is evidenced by the remarkable 44% surge in preference among graduate business admissions since 2014, showcasing its continued relevance and trust in the industry.

Stay informed, Stay ahead and stay inspired with MBA Rendezvous