What is the GMAT Test? Everything you need to know!

Did you know that more than 200,000 students take the GMAT each year, and it's accepted by over 7,000 programs worldwide? Whether you're aiming for an MBA or another business-related degree, understanding the GMAT is key to getting into top business schools. This blog provides a comprehensive guide to the GMAT exam 2024, covering everything from its full form and registration process to key details about exam dates, fees, and test centres. By breaking down each component, we aim to make your preparation more manageable and focused.

Key Highlights:

• The GMAT exam lasts 2 hours and 15 minutes, with the highest possible score of 805.
• It includes questions on Quantitative Reasoning, Verbal Reasoning, and Data Insights with a total duration of about 3.5 hours.
• You can take the GMAT once every 16 days and up to five times in a rolling 12-month period, with a lifetime limit of eight attempts.
• The GMAT exam fees for online and offline test centres are USD 300 (INR 25,190) and USD 275 (23,091) respectively.
• There are no negative markings in the GMAT.
• To qualify for the GMAT, you must be at least 18 years old and usually hold an undergraduate degree. If not, you must submit a GMAT parental consent or authorisation form.

What is GMAT?

The GMAT, or Graduate Management Admission Test, is a standardised exam used primarily for admissions into graduate business programs, such as MBA programs. Developed and administered by the Graduate Management Admission Council (GMAC), the GMAT assesses a candidate's analytical, writing, quantitative, verbal, and reading skills in standard written English. It is an entrance exam designed to assess your readiness for business and management studies. The exam's structure and syllabus are specifically built to measure these abilities, ensuring you're prepared for the complexities of business education.

To enhance your GMAT preparation, choose Yocket Premium, for personalised advice, expert tips, and tailored strategies.

Who Should Take the GMAT Exam?

Individuals looking for higher business education should take the GMAT exam. It is advantageous for those with work experience who want to improve their career growth, switch careers, or raise their rank within the company's hierarchy. The GMAT can also be helpful to recent graduates aiming to get admission into prestigious business schools as this will give a good start to their career.

GMAT Eligibility 2024

Understanding the eligibility criteria for the GMAT exam is essential before you begin your exam preparation. While the GMAT is generally open to all candidates, there are a few key requirements to keep in mind:

• Age Requirement: The minimum age to appear for the GMAT exam is 18 years. If you're between 13 and 17, you'll need written permission from a parent or legal guardian.
• Educational Background: There's no strict educational requirement to take the GMAT. However, most test-takers are prospective graduate students aiming to enrol in MBA or other business-related programs.
• Retake Policy: You can take the GMAT once every 16 days and up to five times in a rolling 12-month period, with a lifetime limit of eight attempts.
• Work Experience: Work experience is not mandatory for students to take the GMAT test.

Suggested: Find out if you qualify for the exam with our guide on GMAT eligibility criteria.

How to Register for the GMAT Exam?

GMAT registration is a crucial first step for aspiring business school students, as it sets the stage for their application journey. Knowing where and how to register ensures a smooth experience, allowing you to focus on preparing for the exam. Registering for the GMAT is straightforward and convenient.

Simply follow these easy 5 steps process on the official website of the GMAT:

Suggested: Learn how to register for the GMAT with our detailed step-by-step guide.

GMAT Exam Fees 2024

It is important to know about the GMAT exam fees before filling out the application form for the exam. The GMAT exam fees for both the online exam and the test centre exam are mentioned below:

GMAT Exam Dates 2024

Although specific GMAT dates aren't pre-determined, you have the flexibility to select your ideal test date by booking a slot through your official account for GMAT registration. Here's what to know about GMAT exam dates for 2024:

• GMAT exam at Test Centre: Available year-round, seven days a week, depending on the operating hours of your chosen test centre.
• GMAT Online: Schedule the exam at your convenience, any day of the week, at a time that suits you. Simply book your appointment online and get started!
• Rescheduling and Cancellation: You can change your exam date if needed, but keep in mind that fees apply, and these fees may increase as your original test date approaches.

Suggested: Check out the city-wise GMAT exam dates for 2024 in our dedicated guide.

GMAT Test Centres

If you're considering an in-person GMAT, you'll find test centres throughout India conveniently located in all major states, including Maharashtra, Delhi, Karnataka, West Bengal, Gujarat, Uttar Pradesh, and Rajasthan. When choosing your GMAT test centre, prioritise accessibility and, if possible, opt for the closest one to your residence to minimise travel stress on exam day.

GMAT Syllabus & Exam Pattern

Understanding the GMAT syllabus and exam pattern helps you plan your studies effectively and focus on areas that carry the most weight. It also familiarises you with the types of questions you'll encounter during the exam. The latest GMAT syllabus & exam pattern is mentioned below:

Suggested: Find the updated GMAT Syllabus and exam pattern for 2024 right here.

What is a Good GMAT Score?

A good GMAT score usually falls between 650 and 700, placing you in a strong position for many top business schools. However, what qualifies a "good GMAT score" can vary depending on the programs you are applying to. Elite institutions like Harvard, Stanford, and Wharton often look for scores above 720. A high GMAT score can undoubtedly boost your application. However, it's also important to have strong essays, recommendations, and relevant work experience.

GMAT Scholarship Opportunities

Securing a GMAT scholarship and fellowship can significantly ease the financial burden of pursuing an MBA or other graduate programs, making higher education more accessible. Scholarships not only help cover tuition fees but reduce the need for student loans, allowing you to graduate with less debt. Here are some scholarships that can help you with your GMAT journey:

• Forte Foundation MBA Fellowships
• Prospanica Foundation Scholarship
• Emerging Economy Fellowships (offered by the Wharton Business School)
• Dr. Tahir Fellowships

How to Prepare for the GMAT Exam?

Preparing for the GMAT requires a strategic approach that includes understanding the exam structure, practising with high-quality materials, and managing time effectively. Here are some of the GMAT preparation tips to help you ace this exam:

• Understand the Exam Format: Familiarise yourself with the structure of the GMAT. Knowing the format helps you manage time and expectations.
• Practice with Official Materials: Use official GMAT practice tests and questions to get a feel for the actual exam.
• Focus on Weak Areas: Identify your weaknesses by taking practice tests and work on improving them.
• Consider Professional Help: If needed, you can consider joining a GMAT prep course or hiring a tutor for extra support. Expert guidance can provide structured learning and personalised tips.

When is the Right Time to Take the GMAT Exam?

Ideally, you should take the GMAT at least 3-6 months before your application deadlines to allow time for retakes if needed and to avoid last-minute stress. Consider your preparation progress and aim to take the exam when you feel confident in your readiness. Additionally, plan for any potential delays or disruptions, such as work commitments or personal events, to ensure you can focus fully on the exam.

From the Desk of Yocket

While you start your preparation for the GMAT, it's important to stay 200% focused and make sound decisions at every step. With the insights from this blog, you're now better equipped to do well in the exam and structure your study plan accordingly. To take it a step further and optimise your preparation, Yocket GMAT Prep offers complete resources to help.

If you're still struggling to make a decision, seek expert advice! Consider booking a free consultation call with our expert study abroad counsellors. They can analyse your situation, including academic background, work experience, and target schools, to recommend a personalised test date tailored to your unique timeline and goals.

Frequently Asked Questions About the GMAT Exam

1. What is the GMAT?

Ans. The GMAT is a computer-adaptive test designed to evaluate candidates' analytical writing, quantitative, verbal, and reading abilities for admission to MBA and other graduate management programs at prestigious business schools worldwide.

2. Can I appear for the GMAT online at home for an MBA?

Ans. Yes. Eligible candidates can take the GMAT online from the comfort of their own homes.

3. Are the GMAT quantitative questions tough?

Ans. GMAT quantitative questions require dedicated practice and a solid grasp of concepts, but the level of difficulty can depend on one's prior knowledge and comfort with maths.

4. What is the GMAT registration fee?

Ans. The GMAT application fee is $275, which is around INR 22,910.50.

5. What is the age limit for the GMAT?

Ans. The GMAT has no upper age limit. Anyone above 18 years old can take the exam without any restrictions. However, there is a minimum age limit of 13 years old. If you're between 13 and 17 years old, you'll need written permission from your parents or legal guardian to register for the GMAT.

6. Is work experience required for the GMAT?

Ans. No, work experience is not required to take the GMAT. Anyone 18 and above can register and sit for the exam, regardless of their professional background.