Graduate Management
Admission Test(GMAT)
The Graduate Management Admission Test, better known
by its initialism GMAT is a standardized test for determining
aptitude in business management studies, and has been
administered by ACT, Inc. since January 2006, having
taken over from Educational Testing Services (ETS).
The GMAT is required by most accredited US and Canadian
MBA programs and some non-US MBA programs (such as INSEAD
& International Institute for Management Development).
Most MBA programs use the GMAT score as one of many
criteria for admission. Although there is no clear-cut
formula for admissions to business school, the importance
of the GMAT score can not be overstated. For the top
global schools, a fairly high score (at the very least
in the upper 600s) is generally required for the prospective
student's application to even receive serious consideration,
while for other schools hoping to improve their rankings
in the major publications (e.g. U.S. News, BusinessWeek,
etc.), a higher score is generally enough to almost
ensure admission, provided the candidate has performed
reasonably well on the other admissions criteria.
Although a candidate's performance on the test will
go a long way towards determining whether or not he
or she is admitted to his or her school of choice, these
other admissions criteria also play a pivotal role.
The GMAT is one of many factors schools use when reviewing
applications for admission; it is typically balanced
with work experience, application essays, an interview,
and, somewhat less important, college or university
GPA.
As of April 22, 2006, the fee to take the Graduate Management
Admission Test® (GMAT®) is U.S. $250 worldwide.
. Graduate Record Examination (GRE)
Unlike the SAT, the GRE is a computer-based test. It
is a computer-adaptive test: while the number of questions
in any given section is fixed, the difficulty and scoring
value of those questions varies according to the previous
responses provided by the test-taker. Rather than having
a fixed point value, questions of varied difficulty
are used in order to 'zero in' on the level of question
that represents the upper bound of the test-taker's
ability. Because of the way in which the score value
changes over the course of the test, early questions
are much more important in determining the final score
than those that appear near the end of a section. Questions
cannot be skipped or returned to.
The General Test consists of three graded sections and
one research or experimental section that is not included
in the reported score. Multiple-choice response sections
are graded on a scale of 200-800, in 10 point increments.
The writing section is graded on a scale of 0-6, in
half- point increments. Sections may appear in any order
on the test, with the exception of the Analytic Writing
section, which always appears first.
One graded multiple-choice section is always a verbal
section, consisting of analogies, antonyms, and reading
comprehension passages. This section primarily tests
vocabulary, and average scores in this section are substantially
lower than those in the quantitative section.
The quantitative section, the other multiple-choice
section, consists of problem solving and quantitative
comparison questions that test high-school level math,
including algebra and basic geometry. The problems in
this section must be solved without a calculator. Average
scores on the quantitative section are generally higher
than those on the verbal section, though the material
may present a challenge for students who have not studied
mathematics since high school.
The analytical writing section requires the testee to
write two short essays: one presenting their perspective
on a statement, and the other analyzing and pointing
out flaws in an argument. Each essay is scored by at
least two readers on a six-point holistic scale. If
the two scores are within one point, the average of
the scores is taken. If the two scores differ by more
than a point, a third reader examines the response.
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