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?

The GMAT (Graduate Management Admission Test) is a standardised exam used to measure the skills needed to succeed in graduate business programs.

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 registration process to key details about exam dates, fees, and test centres.

Key Highlights:

• The GMAT focus edition exam lasts 2 hours and 15 minutes, with a score range of 205-805.
• It includes questions on Quantitative Reasoning, Verbal Reasoning, and Data Insights, each allocated 45 minutes and scored in 1-point increments.
• The GMAT exam fee in India is INR 23,200 (USD 275) for GMAT at the test centre and INR 25,400 (USD 300) for the GMAT exam online.
• To take 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.
• You can attempt the GMAT exam once every 16 days and up to five times in a rolling 12-month period, with a lifetime limit of eight attempts.
• The old GMAT exam scores will remain valid for five years from the result date.
• There are no negative markings in the GMAT.
• The Quantitative and Verbal Reasoning sections of the GMAT exam are computer-adaptive.

What is GMAT?

The GMAT, or Graduate Management Admission Test, is a standardised exam used primarily for admissions into graduate business programmes such as MBA, MIM, MS in Management, and other business-related courses.

Developed and administered by the Graduate Management Admission Council (GMAC), the GMAT assesses a candidate’s quantitative, verbal, and data analysis 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.

What Are the Recent Changes in the GMAT Exam?

The GMAT exam has been updated to make the testing experience more efficient and relevant.

These updates focus on a shorter exam duration and a restructured format with a new Data Insights section, amongst the following other things:

• The exam duration has been reduced from 3 hours and 7 minutes to 2 hours and 15 minutes, with 45 minutes allocated for each section.
• The total number of questions has been reduced from 80 to 64, and the score range has been adjusted from 200-800 to 205-805.
• The test now includes three sections (Quantitative Reasoning, Verbal Reasoning, and Data Insights) instead of four, following the removal of Analytical Writing and Integrated Reasoning sections.
• The Integrated Reasoning section of the old GMAT pattern has been replaced with Data Insights, featuring 20 questions on data sufficiency, graphic interpretation, and multi-source reasoning.
• Geometry has been removed from GMAT Quantitative Reasoning, shifting the focus to algebra and arithmetic.
• The Verbal Reasoning section now tests reading comprehension and critical reasoning skills, with sentence correction removed.

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 planning to take the GMAT in person, test centres are available in major states across India, including Maharashtra, Delhi, Karnataka, West Bengal, Gujarat, Uttar Pradesh, and Rajasthan.

When selecting a GMAT Test Centre, it’s important to prioritise accessibility. Opt for the centre closest to your residence to minimise travel-related stress on the day of the exam.

To get your preferred test date and location, it’s recommended to book your slot at least four to six weeks in advance. Especially during peak application seasons when demand is high. Early booking not only guarantees your spot but also provides ample time to finalise your preparation schedule. If possible, try visiting the test centre beforehand to familiarise yourself with the route and the facility. This can help you avoid any unexpected delays or confusion 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.

GMAT Focus Scoring System

The GMAT Focus Edition has introduced a revamped scoring system to be more efficient and focus on key skills. Here’s an overview of how the GMAT Focus Edition scoring works:

• The total score for the GMAT Focus Edition ranges from 205 to 805 with 10-point increments.
• Quantitative Reasoning is scored between 60-90 with 1-point increment.
• Verbal Reasoning is scored between 60-90 with 1-point increment.
• Data Insights is scored between 60-90 with 1-point increment.
• The GMAT Focus Edition is adaptive, meaning the difficulty level of questions adjusts based on your responses.Correct answers lead to harder questions, giving you the potential to score higher.
• There is no penalty for incorrect answers, allowing you to attempt all questions without the fear of lowering your score.

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 as 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 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 Schedule 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 exam for?

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 you take the GMAT online at home?

Ans. Yes, You can take the GMAT online from the comfort of your home.

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 INR 23,200 (USD 275) for test centre and INR 25,400 (USD 300) for online.

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.

7. Is GMAT only for MBA?

Ans. No, the GMAT is not just for MBA programmes. It is also accepted by various graduate business courses, including those in management, finance, business analytics, and data science.

8. Is there negative marking in 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.

9. How many attempts for GMAT?

Ans. You can attempt the GMAT up to 5 times in a 12-month period. However, you are allowed a maximum of 8 attempts in total over your lifetime.