Opting for a GMAT Waiver is a personal decision. It has its advantages if you are not a good Computer Adaptive test taker.
Scholarships, Fellowships and Other Funding
GMAT Score not only compares your analytical, and quantitative capabilities but it is also used by Business Schools to award scholarships and fellowships, and even play a vital role in qualifying candidates for other funding options.
If students have completed their undergraduate degree in a similar learning environment as the graduate program, and have excelled in their academics with 3.0+ GPA or 80%+ marks, the admission committee will be willing to consider a GMAT Waiver.
Quantitative and Analytical Courses
When the AdCom evaluates the performance in undergraduate courses, attention is given to grades and performance in certifications related to quantitative and analytical course work. Since an MBA requires students to be strong analytically, this is an important criterion.
AdCom realizes that the evaluation in universities around...
291,570 MBA aspirants took GMAT from January to December 2011. The test is constantly evolving, reflecting the changing criteria by which Business Schools and Companies would like to assess the applicant. The exam lasts for 3.5 hours, but can total as much as 4 hours when accounting for breaks taken between sections.
The GMAT is made up of four main sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative, and Verbal. It is a computer adaptive test, which implies that the computer presents the next question based on your answer to the previous one. So if the first question was answered correctly, then the next one will be tougher, with a higher scoring potential. If the question is again answered correctly, the next question becomes even tougher, while offering higher marks as well. On the other hand, if the first question is answered incorrectly, then the subsequent question would be an easier one, with lower marks. This process continues throughout the test, with the difficulty of the question increasing or decreasing based on the last answer. Only one question is presented at a time. And a question cannot be skipped, nor can the answers to previous questions be changed.
GMAT is different from your traditional university exams. There are no pass scores. However, each school has a minimum qualifying GMAT score, which will not be made public. The difference between GMAT and other exams is that the former is a computer adaptive test. The test algorithm adjusts the questions according to each test taker’s competency.
When you start the exam, the questions will be medium tough. When you get the first question right, the difficulty level increases and you will get a question from a much tougher GMAT question pool. The test adapts according to your skill. The process continues for both Verbal and Quantitative sections.
GMAT 700 - No Guarantee
For schools that are not in the top 25 list, a 700+ score might give you an edge. However, for top 10 schools, 700-730 GMAT score is the median range of the class. For expert help, get personalized GMAT Tutoring or sign-up for Online on-demand course. In this case, your overall application elements – ...
We get this question, quite often, from our readers. GMAC does not distribute GMAT Vouchers directly to individual test takers. You have to contact your target Business Schools for vouchers.
Eligibility: Business Schools and Organizations, that accept GMAT scores, grant graduate level degree programs (in Business and Management) and provide financial aids (including fellowships and scholarships) are eligible for distributing the GMAT Vouchers.
Denomination: Eligible organizations can distribute GMAT Vouchers in denomination of $50, starting from $50 to $250.
The goal of the GMAT Voucher is to provide economically disadvantaged applicants with the opportunity to compensate the cost of the GMAT exam.
GMAT Fee Waiver
Another alternative for GMAT test takers is to request the Business Schools for GMAT Fee Waiver. Each year, GMAC offers each school with 10 GMAT Fee Waivers. Schools will offer the fee waiver directly or when you join the program.
The number of Fee Waivers is not limited to 10. Business Schools can request for more, if the applicant is eligible for the program. Once Business Schools approve your GMAT Fee Waiver, a code is shared with you. When you register for the GMAT appointment, apply the waiver code in mba.com
Please note that the code is equivalent to the entire GMAT Fee and is...
The GMAT Registration fee as on 2015-16 is US$250 worldwide. The fee does not include the tax component in certain countries. Add the tax rates mentioned below:
Country Tax Rate
After you have created a GMAT Study Plan or joined an expert GMAT Test Prep Company, register for the GMAT exam.
Steps to Register for the GMAT
You have three options to register for the GMAT Exam
1) Online: The first and most popular option to register for the GMAT Exam is to visit mba.com. Please remember that there are no guarantees that you will get a GMAT test date, especially during peak GMAT test taking months. The available time slots are based on the volume of test takers and the day of the week. Most popular days for GMAT test taking are on weekends.
Points to Remember while Registering Online for GMAT
a) Register as a user in mba.com (the same userid will be used to access your test scores)
b) Ensure that the name and Date of Birth are same in your GMAT Registration and Id.
c) Be ready with your VISA®,...
Business Schools started accepting GRE scores from 2006-07 in an effort to include applicants from diverse socio-economic and non-traditional backgrounds. GMAC broke its partnership with ETS (Educational Testing Service) in 2006 and found a new testing administrative partner in Pearson VUE. This allowed ETS to pursue Business Schools and propose GRE as an alternative to GMAT.
Why GMAT Still dominates?
Market Leader: Let us put things into perspective, the GMAT test has been in the market for nearly 60 years now. It would be tough for any new competitor to take its position in 5 years. There are many flaws in the GMAT test structure. ETS is moving in the right direction by iteratively improving its test structure.
Lack of Awareness: Did you know that in 2011, the number of business schools accepting GRE scores for their MBA programs was nearly 800. The list includes top Business Schools like Harvard, Stanford, Wharton, MIT, Columbia and Yale.
Risk Averse: Unless Business Schools confidently promote GRE as an alternative to GMAT, it is unlikely that MBA aspirants will adopt GRE in equal...
I am planning to take the gmat on july. should i use redbull to improve my performance?
F1GMAT: The best strategy to get in your GMAT prep mode is to fix a date for your GMAT exam. Now many things can happen on the GMAT test, you might exceed your expectation, you might get + or -20 on your estimated score or you might bomb your test. Whatever it might be, we as human beings have excellent intuition. We usually know which three scenarios mentioned above might happen to us. Based on our intuition , we have two choices, to cancel the score or accept the score.
Canceling the Score
You should follow the basic three rules for canceling the score:
1) You will have the motivation, time and money to retake the GMAT again
2) You would not be happy with another school with lower standard of admission
3) You are certain that with the current score you would not get into the top 3 schools that you have selected in your list.
Implications of canceling the score
All events related to your GMAT exam would be under a single record. Even if you cancel or retake the exam, it will be recorded. Now what are the implications of canceling your score on your admissions? A single cancellation of score can be justified with lack of preparation, illness or other relevant circumstances. However, if you are canceling the score more...