GMAT Exam 2023: Dates, Registration, Eligibility, Pattern, Preparation, Result, Score

In 2023, GMAC has announced the launch of the GMAT Focus Edition. The current version of the GMAT exam will be available until at least early 2024. Hence, candidates will have the option to register for both the GMAT exam formats. GMAT Focus Edition is significantly different from the current version of the GMAT 2023 exam. GMAT Focus Edition is shorter, has lesser sections (with the removal of AWA and SC), and has a newly introduced section called Data Insights (DI). The newly introduced section (DI) is loosely based on the Integrated Reasoning (IR) section of the current version of the GMAT exam 2023. For complete and the latest information on the GMAT Focus Edition, students are advised to check our GMAT Focus Edition article from time to time.

The GMAT full-form is the Graduate Management Admission Test, which is a standardized test that measures the quantitative and verbal skills of the candidates. The GMAT exam consists of 80 questions that are supposed to be answered in 3 hours and 7 minutes. The score range is from 200 to 800. GMAT is quite popular amongst candidates who wish to pursue MBA or MIM degrees. This is reflected in the fact that 80% of students prefer GMAT scores for their B-school applications. Moreover, the acceptability of the exam is high as more than 7,700 programmes at 2,400 academic institutions spanning across 110 countries accept GMAT. Moreover, GMAC has brought in the new GMAT Focus Edition 2023. The current version of the GMAT exam 2023 will be available until at least early 2024.

In terms of academic requirements for taking the GMAT, we find that GMAC, the organisation responsible for administering the test, has not formally established any standards. As a result, candidates are not required to have a specific educational background or degree to take the GMAT. However, the bulk of GMAT exam takers are working professionals or undergraduate students in their last year who want to continue in a management school. Candidates who do not fit under this category are nonetheless permitted to take the exam. Students should be aware that the GMAT eligibility requirements for 2023 differ from those for MBA college admissions. The minimal academic requirement for MBA colleges is typically an undergraduate degree.

It is vital to note that GMAT exam is being accepted by top B-Schools in India as well. Some of the top Indian MBA Colleges accepting GMAT scores include IIMs, SP Jain, XLRI, XIMB, Great Lakes Institute of Management, ISB Hyderabad, ISB Mohali, etc. GMAT cut-off for top Indian B-Schools can be gauged from the following points:

• GMAT cut off for IIM Ahmedabad is 720
• GMAT cut off for IIM Bangalore is 720
• GMAT cut off for IIM Lucknow is 710
• GMAT cut off for IIM Kozhikode is 700
• GMAT cut off for IIM Indore is 650
• GMAT cut off for Xavier School of Management is 720
• GMAT cut off for IMT Ghaziabad is 650
• GMAT cut of XIMB is 550
• GMAT score range for Great Lakes Institute of Management is 600-760

Yes, you are eligible to appear for the GMAT 2023 exam. When it comes to the GMAT eligibility criteria 2023, there are no specific criteria set by the Graduate Management Admission Council (GMAC), the body that conducts the GMAT 2023 exam. However, there are a few general guidelines to keep in mind:

• Educational Qualification: For taking the GMAT 2023 exam, GMAC has not laid any specific eligibility criteria whether it is related to academic background or percentage in your undergraduate course. However, most business schools require a bachelor's degree or its equivalent from an accredited institution. It is essential to check the specific requirements of the schools you plan to apply to.
• Age Limit: There is no specific age limit for taking the GMAT exam. Individuals of any age can take the exam as long as they meet the educational qualifications mentioned above. GMAC requires the candidates need to be at least 18 years to take the GMAT 2023 exam. However, students that fall in the age group of 13 to 17 can attempt the exam given that they have written approval or consent provided by their legal guardians or parents (NOC).
• Prior Experience: The GMAT does not have any work experience requirements. It is primarily a test of academic abilities and skills relevant to graduate management education. However, MBA colleges might require certain years of work experience.

It is important to note that while GMAC does not have strict eligibility criteria for the GMAT 2023, individual business schools may have their own requirements for admission. It is vital to research the admission requirements of the MBA colleges you are interested in to ensure you meet their criteria.

Rescheduling of the GMAT exam can be done through two major modes: online and via phone. In order to reschedule the GMAT exam that is to be taken at the test centre, students must note the following details:

• 1 to 14 days prior to appointment: US $165
• 15 to 60 days prior to appointment: US $110
• More than 60 days prior to appointment: US $55

In the case of the online GMAT exam taken at home, the following rescheduling conditions are applied:

• 1 to 14 days prior to appointment: US $180
• 15 to 60 days prior to appointment: US $120
• More than 60 days prior to appointment: US $60

Please note that the exam cannot be rescheduled on the test date. The only difference in rescheduling the exam through the phone is that you would need to pay a $10 surcharge along with the rescheduling fee. Retaking the GMAT exam can be done after 16 days after your previous attempt. However, the maximum limit for attempting the exam is 5 times a year. This rolling 12-month period is counted from your first attempt irrespective of the time of year.

Candidates may choose to cancel their GMAT exam with the help of their official GMAT account. However, cancellation of the GMAT exam will cost the candidates. If a candidate decides to cancel his/her GMAT exam more than 60 days prior to the GMAT appointment, he/she will receive a refund of $110 in the case of a test centre GMAT exam and $120 in the case of the online GMAT exam. If the exam is cancelled 15 to 60 days prior to the appointment, the candidate will receive a refund of $80 in the case of a test centre GMAT exam and $90 in the case of the online GMAT exam. If the exam is cancelled 1 to 14 days prior to the appointment, the candidate will receive a refund of $55 in the case of a test centre GMAT exam and $60 in the case of the online GMAT exam.

GMAT exam pattern 2023 and the GMAT syllabus for the current version of the GMAT 2023 exam can be understood from the table given below:

Moreover, the following points will provide an overview of the GMAT syllabus:

• Quantitative Aptitude consists of Arithmetic, Algebra, Geometry, and Modern Math.
• Verbal Reasoning consists of Critical Reasoning, Reading Comprehension, and Sentence Correction (grammar, sentence structure, modifiers, parallelism, comparison, nouns & pronouns, verbs, idioms, etc.).
• AWA is basically a written form of Critical Reasoning.
• Integrated Reasoning consist of table analysis, two-part analysis, multi-source reasoning, and graphics interpretation.

The question type and pattern of CAT (Common Admission Test) and GMAT (Graduate Management Admission Test) are not similar. While both exams are used for admissions to management programs, they have different formats and question types.

CAT:

• CAT is conducted by the Indian Institutes of Management (IIMs).
• It is a computer-based exam consisting of three sections: Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DI & LR), and Quantitative Ability (QA).
• CAT includes multiple-choice questions (MCQs) and non-MCQs (Type In The Answer) questions.
• The exam pattern may vary from year to year, but generally, CAT has a time limit for each section and a fixed number of questions in each section.

GMAT:

• GMAT is an internationally recognised exam used by business schools worldwide and in India for admission to MBA and MIM programs.
• It is a computer-adaptive test, meaning the difficulty level of questions adjusts based on the test-taker's performance on the GMAT exam.
• GMAT consists of four sections: Analytical Writing Assessment (AWA), Integrated Reasoning (IR), Quantitative Reasoning (QR), and Verbal Reasoning (VR).
• The question types in GMAT include multiple-choice questions, data sufficiency, sentence correction, etc.
• The GMAT 2023 exam pattern remains consistent, with a fixed number of questions and time limits for each section.

In summary, while both CAT and GMAT are entrance exams for management programs, their question types, formats, and sections differ significantly. However, it is possible to prepare for both the exam simultaneously as both are based on a similar theme. In fact, both exams will complement each other’s preparation.

GMAT is a computer-adaptive test, it adapts to the performance of the candidate while he is giving the test. The difficulty level of the questions changes based on whether the candidate is answering the questions right or wrong. If the candidate is answering the questions right, the level of the questions will rise, similarly, if the candidate is answering the questions wrong, the candidate will start getting easy questions. Also, as the next question is generated based on the performance in the current question, the candidate cannot visit the previous question. The candidate needs to answer a question about whether he is able to solve it or not in order to move ahead in the exam. If you get an easy question while taking the GMAT exam, you need not panic whether the previous question was correct or incorrect. Instead of wasting your time, you must focus only on solving the current question.

The GMAT score includes a percentile that compares your performance with other test-takers. If you score in the 80th percentile, then you performed better than 80 percent of the aspirants and 20 percent candidates have performed better than you have on the GMAT exam. Scoring high percentile means you performed better than most of the candidates who appeared for the exam. Similarly, scoring low percentile signifies that you scored lower than most of the candidates. As per the January 2019 to December 2021 data, the mean GMAT score stands at 574.51 with nearly 34% percentile ranking. Moreover, it is noted that two-thirds of the candidates, who appear for the GMAT exam, score between 400 and 800. A GMAT exam score of 800 corresponds to 99% percentile ranking, a GMAT score of 750 corresponds to 98% percentile ranking, and a GMAT exam score of 700 corresponds to 87% percentile ranking.

Preparing for the GMAT and IELTS exams requires time and effort, and the ideal preparation timeline can vary depending on your current proficiency level and target scores. However, here are some general guidelines:

• Know the different study abroad intakes.
• Know the admission deadlines.
• Keep time for retaking the exams and for the preparation of apply documents such as an SOP, LORs, etc.

GMAT:

• It is recommended to prepare for the GMAT 2023 exam for at least 3-6 months.
• This allows you to familiarize yourself with the exam format, content, and question types.
• It also gives you ample time to work on areas of weakness, practice test-taking strategies, and improve your overall performance.
• If you feel you need more time or have a busy schedule, you can adjust the timeline accordingly.

IELTS:

• The preparation timeline for IELTS can vary depending on your English language proficiency level.
• If you are already proficient in English and have good language skills, a preparation period of 1-2 months may be sufficient.
• If you need to improve your English language skills, it is advisable to start preparing at least 3-6 months in advance.
• This will give you time to work on your vocabulary, grammar, listening, speaking, reading, and writing skills.
• Regular practice with sample test materials and mock exams is also essential.

Keep in mind that these time frames are only suggestions, and the length of preparation may vary depending on your particular situation and objectives. Establish a study plan, identify your talents and shortcomings, and provide enough time for practice and progress. It is also a good idea to confirm the precise specifications and application deadlines of the colleges or organisations you intend to apply to. Your preparation schedule may be impacted by some of them having specified score requirements or application deadlines.

The selection criteria for colleges in India that accept GMAT 2023 scores may vary depending on the specific institution. However, here are some general factors that are commonly considered in the selection process:

• GMAT Score: The GMAT score is an important factor in the selection process. Different colleges may have specific minimum score requirements or cutoffs. Higher scores can enhance your chances of admission.
• Academic Background: Colleges typically consider the applicant's academic performance, including schooling and undergraduate grades.
• Work Experience: Many colleges value prior work experience, especially for executive MBA programmes or PGPM programmes. The type of work experience, duration, and level of responsibility are often considered.
• Statement of Purpose/Personal Essays: Applicants are usually required to submit a statement of purpose or personal essays that outline their goals, motivations, and fit with the program. This helps assess the applicant's clarity of purpose and commitment.
• Group Discussion: Students are often required to participate in Group Discussions.
• Interview: Some colleges may conduct interviews to assess an applicant's communication skills, motivation, and fit with the program.

It is crucial to remember that different colleges and programmes may have very varied selection criteria. It is a good idea to check out the official websites of the universities you're interested in to learn more about their particular admission standards and selection criteria for GMAT applicants. Additionally, keep in mind that completing the minimal requirements for eligibility is just the first step. Your chances of being accepted can be greatly increased by submitting a solid overall application that highlights your accomplishments, leadership abilities, and unique experiences.

The GMAT is the standardized test for getting admission to a business school whereas GRE is more popular for postgraduate courses offered in a graduate school. Now, even certain business schools have also started accepting GRE scores for admissions as well. Here are some pointers that will help you understand the differences between the GMAT exam 2023 pattern and GRE exam pattern:

• AWA: GMAT has 1 question on the AWA section | GRE has 2 questions on the AWA section.
• Quantitative Section: GMAT has 1 quantitative aptitude section | GRE has 2 quantitative aptitude sections.
• Verbal Section: GMAT has 1 verbal reasoning section | GRE has 2 verbal reasoning sections.
• Integrated Reasoning: Only the GMAT exam has the Integrated Reasoning (IR) section.
• Experimental Section: Only the GRE exam has experimental section.

GMAT or otherwise known as the Graduate Management Admission Test and Common Admission Test or commonly referred to as CAT are the two most widely accepted management entrance tests, scores of which are accepted by all the top B-schools, including the IIMs. The basic difference, between the two, is that while CAT is a national-level entrance exam for students looking for admission to Top Business Schools in India, GMAT is held on a global level and helps students for admission to top B-Schools worldwide. Conducted by Graduate Management Admission Council, GMAT scores are acceptable mainly in the case of NRI/Foreign students who want to study in India. The IIMs accept the GMAT score of domestic candidates for executive management programmes. Candidates can learn in-depth about the difference between GMAT and CAT exams.

Candidates will receive their unofficial GMAT score report immediately after the completion of their GMAT exam. The unofficial GMAT score report will contain the scores of the Verbal Reasoning section, Quantitative Reasoning section, and Integrated Reasoning section. It will not contain an AWA score. Candidates will receive their official GMAT score within 7-20 business days. The official GMAT score report will include the AWA scores as well. Once the official GMAT score report is available, a candidate will be notified via email. In case, if a candidate has taken the GMAT exam more than once in the past 5 years, the official score report will include all the GMAT exams.

GMAT scores can be sent in two ways to B-schools. In the case of the test centre GMAT exam, students can select up to 5 programmes to which they wish to apply without any additional cost. After this, every additional GMAT score report is chargeable at $35 each. In the case of an online GMAT exam, a candidate can send his/her scores to 5 B-Schools within 48 hours of receiving the official GMAT score. If he/she wants to send his/her GMAT scores to more B-Schools or programmes, every additional GMAT Score report shall be chargeable at $35 each. It is important for the candidates to select the right courses/programmes beforehand. In order to do this, it is advised that research different programmes, their GMAT cut offs, career outcomes, etc.

Candidates have more control to manage their scores with the GMAT online exam. They can view their score and then choose to send their scores to programs. Candidates can send their GMAT scores to 5 B-Schools/Programmes (without any additional cost) within 48 hours of receiving their official score for the online GMAT exam. However, 5 is not the maximum number as candidates have the opportunity to send their official scores to as many programs as they want once they receive their official scores. The cost of sending an additional GMAT score (after the first 5 programmes) is USD 35.

Always check with the school before going to request an old score report, a majority of the schools do not accept the scores of the exam taken over 5 years ago. Score reports from exams given within 5 to 10 years ago are available; however, they are sent to schools with a caveat that should be interpreted with caution. In addition, scores before 5 years can only be ordered by reaching out to GMAT Customer Service of your concerned region. Another rider with this is that a candidate must not have taken the GMAT exam within the last 5 years.