GMAT

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 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.

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.

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.

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. Here are a few points that will provide an overview of the GMAT Focus Edition:

• The GMAT Focus Edition will be for 2 hours and 15 minutes as opposed to the current GMAT version which lasts for 3 hours and 7 minutes.
• A new section called Data Insights (DI) has been introduced. Performance in the Data Insights (DI), Quantitative Reasoning (QR), and Verbal Reasoning (VR) will be a part of the final GMAT Score.
• QR will have 21 questions (45 minutes), VR will have 23 questions (45 minutes), and DI will have 20 questions (45 minutes). There will be an optional break of 10 minutes.
• GMAT Focus Edition syllabus too has changed with the removal of Sentence Correction and the introduction of the Data Insights section.