The GMAT exam is a computer-adaptive test that assesses the candidates’ analytical writing, quantitative, verbal and reading skills in standard written English. The cost of giving the GMAT Exam is US $250. This test is taken to get admission into a graduate management program, such as MBA and Masters in Finance related courses in top business schools across the world.
Since, 16th April 2018, the Graduate Management Admission Council has shortened the GMAT exam by 30 minutes. Now, the exam is of 3 hours and 30 minutes including test instructions and breaks. The Verbal Reasoning and Quantitative sections were shortened by 13 and 10 minutes respectively. The Integrated Reasoning and Analytical Writing Assessment along with the Score Preview and the optional break time remained the same. These changes do not have any impact on scoring in the shortened Verbal Reasoning and Quantitative sections as only the unscored items have been removed by the GMAC. GMAT has a feature that provides candidates with the flexibility to customize their GMAT experience by choosing the section order in which they feel most comfortable taking the exam.
It is the most widely accepted exam for MBA admissions worldwide. No other exam has as wide acceptability as GMAT, as per the GMAC, globally 9 out of 10 MBA enrollments are made through GMAT Score. Further, 2,300 + schools accept GMAT Scores for giving admission. Also, there are 650 testing centers in 114 countries that administer the GMAT Exam.