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GMAT Overview 2020: Registration, Exam Dates, Eligibility, Exam Fees, Syllabus, Score, Preparation Tips
With the outbreak of COVID 19, GMAC waived off cancellation, rescheduling fees for all kinds of GMAT test center registration. GMAT Online is a home edition available for the applicants to meet up with the application deadline. With the latest updates, GMAT online can be taken twice from September 23 onwards as per convenience at home. The admission process to the top business schools got delayed due to COVID 19 disaster.
Check Retake GMAT Online Twice
Applicants fail to understand the right time to take GMAT. Taking the exam is dependent on the application deadline of the desired business school. Skillful performance in 3hrs 30 minutes determines the future scope of the applicant. GMAT exam fee costs $250 (INR 18,366). In GMAT Overview article, you will get detailed information related to
GMAT Latest Updates
Appointment dates for both Executive Assessment Online and GMAT online have been made available until December 2020, due to the unrest created amid COVID-19 pandemic. GMAT Exam Pattern will be the same except AWA
- 31 Quant Reasoning Questions for 62 minutes
- 36 Verbal Reasoning Questions for 65 minutes
- 12 Integrated Reasoning Questions for 30 minutes
Cost of the GMAT Online is $200, which is $50 less than the previous cost. Due to this epidemic outbreak, GMAT testing has been suspended in many locations due to safety issues. Till 31st December 2020, candidates can schedule GMAT online exam at home available for 24x7. Aspirants can book the test before 24 hours only as per the slot availability. Aspirants can also take exams at the nearby test centers only if it is safe. To request disability accommodations, candidates must wait for the authority to approve the accommodations before scheduling the date.
Latest: Registration for GMAT Online
Data Surveyed by KAPLAN that since 2014, organizations prefer professionals with GMAT score increased by 44%. GMAC decides for the interim GMAT exam to take control of this epidemic situation. Geoffrey Basye, spokesperson of GMAC told that this interim GMAT will manage the integrity of the exam remotely.
Latest: COVID 19 Live Updates for GMAT
Why Apply for GMAT?
GMAT exam is known to be the best predictor of success in management programs globally. Your exam is guarded against bias and you can take it whenever you are ready.
As per the graph, in the last 3 years, the number of examinees of GMAT has gone through a fall if we look from a global perspective. But in India, the number of candidates increased by 3000. In the global base, the number of male, as well as female candidates, decreased in the last 3 years. But in India, the number of female candidates increased and it is highest in the last 3 years.
What is the purpose of MBA from Abroad?
MBA from top business schools is profitable for its high return on investment. Here ROI along with EMI details have been discussed for the top 25 business schools.
ROI is calculated as starting an annual salary (return) as a percentage of total expense for MBA. Like Stanford Business School has the best ROI of 289% whereas London Business School has the lowest ROI of 94%. If we consider that the entire tuition fees are taken as a loan and the rate of interest is 12% for 7 years then the EMI paid for the education loan would be around USD 1380 on an average. The respective EMI amount is mentioned in the table. Even if the salary of an MBA graduate does not increase over the first seven years the average EMI as a percentage of monthly gross salary is around 12% of top 25 business schools in fact it is less than 10% for Stanford, Harvard, Said Business School, Ross Business School, and IMD Switzerland.
Also Check: GMAT vs GRE: Which one is easier?
How to Finance your MBA?
It is a big worry for the candidates who plan to pursue MBA from abroad. There are few ways to finance MBA
- Loan from any nationalized bank against collateral property
- Non-collateral loan from any financial institution or bank
- Noncosigner loans as provided by the top business schools in the US
- Educational loan from US bank keeping a guarantor who is a US citizen
- By liquidating assets
- Scholarships from GMAT score or any other financial aids based on merits by the business schools
Check GMAT Scholarships
GMAT 2020: Exam Pattern
Candidates should have a detailed overview of the GMAT Exam Pattern. Such well-depicted details will help the candidates for preparation purposes. Four sections of GMAT 2020 are as follows:
Analytical Writing Assessment: In this AWA section, how well a test taker communicates and thinks critically has been measured
Integrated Reasoning: GMAT IR section tests how well a test taker analyzes a plethora of data to evaluate information represented in multiple formats
Quantitative Reasoning: GMAT Quant section measures how well a test taker comes to conclusions using analytical skills and reasoning
Verbal Reasoning: GMAT Verbal measures how well a candidate reads and understands the written material and evaluates arguments out of it
GMAT 2020: Registration
Applicants can complete GMAT Registration 2020 at any time of the year. If one has planned a particular session to start business school then at least a year before it, one should take GMAT exam. Test takers should register for the preferred date as per preparation status. It is advisable not to book slots at the last moment. Candidates should plan properly before the exam.
How to register for GMAT
Candidates can register GMAT easily by following few steps. You should follow the instructions given while registering. To reschedule or cancel GMAT exam, candidates also have to follow few steps as per instructions. GMAT registration can be completed through three different ways
- Offline (fees via post)
- Postal Mail
GMAT 2020: Eligibility
Before GMAT registration, candidates should know about the minimum eligibility criteria required for GMAT. Following criteria are required for GMAT eligibility:
- Applicants should have a basic educational qualification from any registered university or college
- Candidates should be minimum of 18 years of age, if a candidate is below 18 years then require a no-objection certificate from the guardian
- Applicants can appear for GMAT only 5 times a year and 8 times a lifetime
- Candidates can appear for GMAT only after 16 days of the first held exam
- There is no specific requirement for work experience but this criterion is preferred by the top business schools of the world.
GMAT 2020: Exam Fee Payment
Exam fee of GMAT is $250. One needs to pay $50 for rescheduling exams on different dates. An amount of $80 is also charged if a candidate cancels an exam. GMAT exam feecan be paid via online or offline mode.
GMAT 2020: Score
With the survey conducted by GMAC it is shown that as compared to global students, mostly engineers from India prefer pursuing GMAT. Engineers prefer taking GMAT every year due to its strong data sufficiency and problem-solving questions. In the global scenario, the percentage of students appearing for GMAT
Mostly business and commerce background students prefer GMAT for its approach. After business and commerce background students, engineering background candidates are the second most one who pursues GMAT. Whereas in comparison to global students, educational background of Indian students appearing for GMAT is quite different
Engineers are the ones who take GMAT the most. With the mathematical skills, the engineers perform the best as compared to the candidates from other educational backgrounds. Besides engineers, candidates from business and commerce background also score well in GMAT. In comparison to old times, now top business schools of the world prefer candidates across educational backgrounds to bring diversity in the business world. With the different educational backgrounds, candidates can bring changes in approaches.
Even with such wide backgrounds of candidates for GMAT, data surveyed by GMAC in the last five years is presented through graph
According to the graph, the total number of applicants increased by 3500 in India and the number of woman applicants increased around 1600 in 3 years. An interesting factor here is that along with the number of applicants, the score also increases in the last 3 years.
- The number of <600 score achievers increased by 1000 in the last 3 years and in 2016, the number of candidates with <600 score was highest (16039)
- The number of 600-690 score achievers increased around 1600
- The number of 700+ score achievers increased around 800
This is nonetheless an amazing achievement for India.
GMAT Mean Score
Before appearing for GMAT, candidates should get an overview of mean score of GMAT from 2014-2018 as a whole
In the above-mentioned data chart, it is noticed that the mean GMAT score in India from 2014-2019 is higher than the score secured by the candidates globally. To take admissions in the top business schools of the USA or UK, test takers should have a GMAT score of above 700.
GMAT 2020: Result
Unlike other exams, you can receive GMAT Score Reportimmediately after completing the exam. GMAT AWA score will not be shared at the end of exam. Candidates will get the option of accepting or rejecting the GMAT Score. If the candidate accepts the score, then GMAC will send the score report directly to the institution, if the candidate rejects the score report then none can viewGMAT score. After the completion of the exam, candidates can download the non-official score report of GMAT. Within 20 days of writing GMAT, candidates can receive a GMAT score report along with AWA Score.
How the GMAT Score is calculated?
Candidates will be scored on a fixed scale on all the sections of GMAT. The GMAT score report includes only GMAT Verbal and GMAT Quantitative score. AWA and GMAT IR are included in the syllabus to measure the analytical aptitude of the candidates. GMAT Score report includes
- GMAT Quantitative Score (6-51)
- GMAT Verbal Reasoning (6-51)
- Analytical Writing Assessment (0-6)
- Integrated Reasoning (1-8)
Check GMAT Score Trends
GMAT 2020: Score Validity
- Candidates can use their GMAT score for up to 5 years.
- GMAT Score can be used to pursue an MBA program and for getting a job, as many recruitment companies use GMAT Score for providing jobs.
- If a candidate is not satisfied with his GMAT Result, they can retake GMAT Exam
- However, a candidate can appear for GMAT 5 times only in one year i.e. duration of 12 months.
GMAT 2020: Important Dates
It is one of the crucial exams for those who want to get exposure to the global business world. GMAT measures the analytical and logical skills of the candidates. One must plan an exam day at least 3-4 months before hand. Taking an exam is also dependent on the application deadline of the promising business schools. Important GMAT exam datesare as follows
|Last date for form fill up||May 2020|
|Last date to change city for an interview||May 2020|
|Shortlist of Candidates||June 2020|
|Interview dates||June to July 2020|
|Final Results||July 2020|
Due to outbreak of COVID 19 pandemic, GMAC makes changes for booking slots to appear for GMAT. Now candidates can appear for GMAT online for easy accessibility and secured health measures.
GMAT 2020: Test Centers
GMAT is a computer adaptive test, therefore, GMAC tries to make it easily accessible to every test taker. Across India, there are 34 cities where GMAT exams have been conducted in 39 test centers. List of GMAT Test Centers are put on satellite maps for easy use
Due to COVID 19, GMAC allows candidates to appear for GMAT at home. GMAT Test canter has been kept under hold for security measures towards candidates and test center staff. Only those candidates can appear for GMAT at test center, if it is not located in the containment zone.
GMAT 2020: Preparation Tips
Test takers who aim to take GMAT have to follow strict plans for preparations. GMAT preparation tipsconsist of how strategically test taker plans for the exam. For better preparation, many test takers opt for practice papers to perform well in the exam. GMAT is taken by both students and working professionals. Few GMAT preparation tips are as follows
- One can learn new things or shortcuts for calculations in the quant section, but one needs to implicate it in the exam for better performance
- Test takers should make a diary where important prep questions and solution behind them are written
- In diary, it is advisable to write down all weaknesses and strengths as required during preparation
- Always make an exponential timetable for GMAT, where test-takers will make a rapid practice in solving problems as the exams are nearby
- Aim for a feasible score that can be easily secured with a little push one can achieve easily
- Always attempt those answers of which you are sure of
- If a test takers doesn’t know about the answer, then guessing is the only option left
- Never indulge in making weaknesses your strengths. Only a few test-takers are equally good in all aspects
- Focus on time management properly, without that it will be difficult to manage and attempt each question
- Make it a routine to take at least 1 mock test in a week
Ques. While taking GMAT, if I suddenly get an easy question, does that mean that I got the previous question wrong?
Ans. Don’t panic. You might have encountered one of the experimental questions. Also, the GMAT’s algorithm does not work in a simple, linear format – it is more complex than we think it is. Therefore, it is technically possible for you encounter an easy question even if you are getting questions right. Finally, remember that ‘easy’ is a relative term – what seems easy to you might not be easy to others. Therefore, don’t waste your test time thinking on these and instead focus on the upcoming questions.
Ques. Are all GMAT questions scored/do all GMAT questions count?
Ans.No. About 20%-30% are experimental questions that do not impact your score and are designed to help GMAC evaluate questions for future tests.
Ques. What is the maximum score on the GMAT?
Ans. The GMAT score range is between 200 and 800. Very few people get 200 or 800, the majority, however falls between 400 and 600. The average score is about 550.
Ques. How do I send my GMAT scores to the Schools?
Ans.Before or after the test, you will have a chance to enter up to 5 schools names that will automatically receive your GMAT score about 20-30 days after you take the test. You can also request for additional score reports to be sent, but it will cost $28. Some applicants prefer not to send any reports to any schools unless they are sure they received a good score, so they will actually order additional reports after they receive the score confirmation.
Ques. What documents should I carry on the test day?
Ans. If you are a Non-US applicant – you must carry a VALID PASSPORT with a recent, recognizable photo (mandatory) and Appointment Confirmation Letter / Email sent by Pearson VUE.
Ques. Is there any penalty for not completing a section in GMAT?
Ans. Yes. GMAT penalizes you if you run out of time and are not able to complete the section. Therefore, it is also important to focus on time-management aspects on the test. This is something that can be perfected only with practice.
Ques. What is tested in GMAT?
Ans. Composing capacity, learning of Basic Math (Arithmetic, Algebra, Word Problems, Geometry) and a tad of transitional Math (Statistics, Probability, Combinations/Permutations), and information of syntax standards, sensible thinking, perusing, and systematic abilities.
Ques. Are all GMAT questions scored/do all GMAT questions check?
Ans. No. Around 20%-30% are trial addresses that don’t affect your score and are intended to enable GMAC to assess questions for future tests.
Ques. How does GMAT scoring work? How is the score calculated?
Ans. There are a few speculations about how the test is scored: some trust the initial 15 questions are basic; others imagine that hard questions must be addressed accurately to get a decent score, and another gathering trusts that all questions must be offered an explanation to get a high score.
Ques. Can I scratch off or reschedule a GMAT schedule?
Ans. Truly, and many individuals do – there is a $50 rescheduling expense on the off chance that you reschedule over 7 days out. You will lose the $250 store on the off chance that you choose to reschedule under 7 days out. You can likewise apply for a discount as long as your schedule is over 7 days out. Be that as it may, you will get just $80 back. When all is said in done, in the event that you suffered from sudden anxiety a couple of days before the test, and feel that you have to reschedule, it might be worth going and taking the test since you won’t recover any cash. Obviously there are a few hypotheses about having a low score on your report, however more about that later.
Ques. How many times can one take GMAT?
Ans. You can take the GMAT® exam once every 16 calendar days and no more than five times in a rolling 12-month period and no more than eight times total (lifetime limit effective December 17, 2016)..
Ques. After I take the GMAT, how soon will I know my score?
Ans. Your informal (preparatory that is) GMAT score will be influenced accessible to you to promptly after you complete the test.
Ques. What would it be a good idea for me to take with me to the testing center?
Ans. You should take individual distinguishing proof, the schedule affirmation letter or email you got when booking your test, and the names of the GMAT projects to which you plan to send your scores.
Ques. Can I use a calculator?
Ans. No, the use of a calculator isn’t permitted while the exam is being conducted.
Ques. Will I be offered anything to write amidst the exam?
Ans. You will be given 5 drywipe note boards to write on toward the beginning of the test, and you can ask for all the more amid the test. These must be offered back to the manager toward the finish of the test. You won’t be permitted to take any of your own written work materials into the testing room.
Ques. I’m not content with my GMAT score – how soon would I be able to retake the test?
Ans. You can just take the test once every 16 date-book days. On the off chance that you endeavor to take the test before that day and age have passed, your new scores won’t be accounted for and you lose your test organization charge.
Ques. If I take the test more than once, will business colleges see every one of my scores?
Ans. Truly they will. Your score report will list the greater part of the scores from each time you have taken the GMAT over the most recent 5 years. Your scores are substantial for a long time.
Ques. What is the normal GMAT score?
Ans. The general GMAT score ranges from 200 to 800. The normal GMAT score among test-takers worldwide is 540. 66% of test takers score in the vicinity of 400 and 600.
Ques. What is a decent GMAT score?
Ans. A “decent” GMAT score is just in respect to the MBA of Masters projects to which you are applying! You should do some exploration on the schools to which you need to send your scores and set yourself practical objectives in light of the normal scores acknowledged by those projects. Top level schools will generally be searching for a score in the 90th percentile or above (eg Wharton has a normal GMAT score of 713; Harvard 708; INSEAD 702; and London Business School 680).
Ques. Do business colleges have a base GMAT score prerequisite?
Ans. Most schools won’t set a base prerequisite for GMAT scores, albeit most will distribute the normal GMAT score of their understudies. This data is generally promptly accessible on schools’ sites, so do your exploration and discover the normal scores for the schools you need to apply to, and after that go for at least that score.
Ques. How can I cancel my test date?
Ans. You can do this by means of the test schedule booking framework. In the event that you drop no less than 7 entire days ahead of time of your schedule you will get a fractional discount of US$80. On the off chance that you scratch off under 7 entire days ahead of time of your schedule you will relinquish your whole enrollment charge.
Ques. I am a handicap/I am dyslexic – would I be able to apply for additional time during GMAT?
Ans. Indeed. Test takers with archived incapacities, including dyslexia, can apply for extraordinary testing housing on the GMAT. Housing can incorporate extra time on the test, extra rest breaks, a communication via gestures mediator, a peruser or record taker, and so forth. For full subtle elements of how to apply for uncommon testing facilities, you should download both the GMAT Information Bulletin and the Supplement for Test Takers for Disabilities from www.mba.com. Kindly note that you should present your applications ahead of schedule, as choices with respect to extraordinary facilities can take 6 to two months.
Ques. How can I prepare for GMAT?
Ans. This is a troublesome inquiry to reply, as everybody ought to get ready in their own specific manner that suits them best. Numerous GMAT test takers plan throughout around three to a half year, utilizing the numerous contrasting ‘GMAT test prep’ organizations accessible. Others buy resigned questions, or GMAC’s legitimate productions and practice however much as could reasonably be expected. You ought to choose which strategy is ideal for you.
Ques. How is my GMAT score calculated?
Ans. The general GMAT score is figured utilizing the Quantitative and Verbal segments, and members are granted a score of in the vicinity of 200 and 800. Higher scores speak to more prominent capacity. Notwithstanding, business colleges additionally get MBA candidates’ Analytical Writing Assessment (AWA) scores, extending from 1 to 6, a score for the Integrated Reasoning segment, going from 1 to 8, and in addition breakdowns of the Verbal and Quantitative scores, which both range from 0 to 60.
Ques. Can I change my GMAT Registration at exam center to GMAT Online?
Ans. You cannot transfer your GMAT at exam center to GMAT online. Due to pandemic, GMAC waived off cancellation fees, therefore it is better to cancel your GMAT at exam center appointment and reschedule the GMAT online exam. You will get the refund within 3-4 business days.
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College