The Graduate Management Admission Test (GMAT) is a computer-adaptive test which assesses a person’s analytical, writing, quantitative, verbal and reading skills in standard written English. This test is taken in preparation for being admitted into a graduate management program, such as MBA and Masters in Finance related courses.
The GMAT exam is a computer adaptive test and not a computer based test, which means that the candidate will get one question at a time and depending on the accuracy of the previous answer, the difficulty level of the next question will be ascertained. The average scores required for universities abroad varies; top tier universities require at least 710, while middle tier universities accept 600.
For Executive MBA, GMAC has recently introduced a new Mini GMAT called Executive Assessment exam. This exam is specially designed for EMBA applicants and is of considerably shorter duration. It is meant to test analytical and logical thinking of the applicant, which is more suited for the Executive MBA course. GMAT scores are used by more than 3,000 graduate management programs throughout the world.
GMAT Exam Fees
The application fee for GMAT is $250, which would roughly translate to Rs. 15,000-16,000 approximately.