The GMAT is a computer-adaptive test that assesses a candidate's verbal, quantitative, analytical writing, and reading skills using written English as a standard. 

The GMAT exam costs $275 US dollars to take. Anywhere in the world, admission to a top business school's graduate management program, such as an MBA or Master's in Finance, requires passing this exam. 

Since April 16, 2018, the Graduate Management Admission Council (GMAC) has cut the duration of the GMAT exam 2022 by 30 minutes. The test lasts around three to thirty minutes, counting breaks and test instructions.

The time allotted for the Quantitative and Verbal Reasoning sections was reduced by 13 and 10 minutes, respectively. The integrated reasoning and analytical writing evaluation, the score preview, and the optional break period remained unchanged.  

The GMAC has eliminated only the unscored items, so these changes do not affect scoring in the shorter Verbal Reasoning and Quantitative portions. 

A component of the GMAT gives applicants the freedom to personalize their GMAT experience by selecting the sectional sequence in which they feel most at ease taking the test.

This article covers everything about the GMAT, including what it covers, who is qualified to take it, how to sign up, the format of the test, and more.

Why take GMAT Exam?

• GMAT is the exam that MBA admissions committees worldwide accept the most. According to the GMAC, no other exam is as broad of an acceptance as the GMAT, which determines 9 out of 10 MBA enrollments worldwide. 
• Additionally, admission to more than 2,300 schools is based on GMAT scores, and 650 testing facilities in 114 nations offer the GMAT Exam. 
• Every year, 200,000 applicants for graduate business programs take the GMAT exam worldwide. You are free to take your exam whenever you are prepared, and it is protected against bias. The GMAT Exam connects you with the most appropriate business school.

GMAT: Eligibility Criteria

The GMAT test is administered by GMAC, which has not set any precise qualifying requirements for taking the GMAT. However, upon completing the GMAT, candidates must always fulfill the standards of the institution or college to which they wish to apply.

Educational Qualification

• GMAC has not explicitly stated the GMAT eligibility requirements.
• Candidates for an MBA program should have a graduate degree from an authorized university in any area.

Age Criteria

• The applicant must be at least 18 years old.
• There is no maximum age for the applicant.
• The candidate must have written consent from their parents or legal guardian if they are between the ages of 13 and 17.

GMAT: Exam Fees

The Fee for GMAT Exam is $275. Additionally, there will be an additional fee for applicants who wish to reschedule the test or modify the location. The entire cost of the GMAT exam will be assessed for applicants who fail to attend the exam.

GMAT: Exam Cancellation Fees

If you abandon the exam between one and fourteen days before the test date, you will be charged $200 and receive a $50 refund. If you cancel the test between 15 and 60 days before the booked appointment, you will be charged $175 and receive a refund of $75.

In addition, if you cancel more than 60 days before your planned appointment, you will be charged $150 for the test and receive a $100 refund. Moreover, work for the test cannot be amended or canceled within 24 hours of the planned test and time.

GMAT: Rescheduling Fees

To reschedule the exam 1 to 14 days before the examination date, you must pay US$150. In addition, if you need to reschedule the exam 15 to 60 days before the planned appointment, you must pay US$100. If you reschedule the test more than 60 days before the examination date, you must pay US$50.

Registration for GMAT 2022

According to GMAC, you can enroll for the GMAT entrance exam up to six months before the examination date or, at the most, twenty-four hours before the test day in 2022; however, a seat is not available at the last minute. As a result, you should secure your preferred time slot well ahead of the scheduled exam day.

There are three ways to register for the GMAT in 2022:

• Online
• Phone,
• Postal Mail

The GMAT registration process consists of six steps, and the GMAT schedule has additional procedures.

Exam Dates for GMAT 2022

There is no official GMAT exam date scheduled for 2022; instead, you can choose any day that works for you and is available. If required, you can retake the GMAT exam after 16 days. You can take the GMAT test once every 16 days or repeat it. Exams may be taken a maximum of five times per year. It is recommended that students apply two to three months before the exam date.

GMAT: Exam Pattern and Syllabus

The GMAT exam lasts three and a half hours and has a maximum score of 800 points. The GMAT assesses a candidate's abilities in a variety of areas. The GMAT course's verbal, integrated reasoning, quantitative, and analytical writing parts are covered. This comprehensive GMAT Syllabus will assist candidates in making preparation plans. The four GMAT sections are as follows:

• Analytical Writing

It consists of one topic, and the time is 30 minutes. This section is all about the analysis of an argument or an Essay. The test-takers capacity for critical thought and communication has been evaluated in this section of the AWA.

• Integrated Reasoning

This section consists of 12 questions, and the time is 30 minutes. Integrated Reasoning is about table analysis, multi-source reasoning, graphics interpretation, and two-part analysis. The GMAT's IR section evaluates how successfully a test taker evaluates information offered in various formats after analyzing a large amount of data

• Quantitative Reasoning

This section consists of 31 questions, and the time is 62 minutes. Quantitative Reasoning is all about Problem-solving and data sufficiency. The GMAT Quant part evaluates an examinee's ability to conclude using reasoning and analytical skills.

• Verbal Reasoning

This section consists of 36 questions, and the time is 65 minutes. Verbal Reasoning is all about critical reasoning, sentence correction, and reading unseen passages. GMAT Verbal tests a candidate's ability to read, comprehend and analyze written material and arguments.

GMAT: Exam Result

Applicants receive the whole GMAT Score Report, minus the AWA Score, after completing the GMAT exam.

It will be up to the candidate to accept or reject it. If the person accepts the result, they may share it with their preferred institutes; if they reject it, no one can see the GMAT score.

After the exam, candidates may receive their unofficial GMAT results. Finally, students receive the entire GMAT Score Report, which includes the AWA Score, 20 days after taking the exam.

GMAC distributes links to candidates' registered Email IDs for the GMAT Score.

To obtain your official GMAT Score Report, visit the link contained in the email and follow the instructions.

GMAT: Calculation of Score

Your four GMAT sections, total score, and individual GMAT scores are provided on a standard scale. These are the official GMAT score results that appear on your score report. These scores will be assigned to the people you have nominated. Note that the GMAT Total Score Report only considers the Verbal and Quantitative portions.

The following components make up the GMAT Score Report:

• Your Quantitative Score (0 – 60), with percentile
• Your Verbal Score (0 – 60), with percentile
• Your Total GMAT Score (200 – 800), with percentile
• AWA Score (half-integers from 0 to 6), with percentile
• Integrated Reasoning score (integer from 1 to 8)

GMAT: Range of Score

The minimum and maximum GMAT score ranges for each component are listed below, along with the average score for each:

Section	Score Range	Average Score
Analytical Writing Assessment	0-6	4.5
Integrated Reasoning	1-8	4
Verbal	0-60	27
Quantitative	0-60	38
Total	200-800	548

GMAT: Validity of the Score

• Candidates' GMAT scores are valid for up to five years.
• GMAT scores are helpful for both pursuing an MBA degree and finding employment, as many recruitment firms utilize them to match candidates with positions.
• A candidate may retake the GMAT exam if they are unsatisfied with their results.
• But a candidate can only take the GMAT five times in a calendar year, or 12 months.

GMAT: Exam Preparation

• Those intending to take the GMAT must adhere to specific preparation schedules. GMAT study advice includes advice on how to strategically plan for the examination. 
• Many test candidates choose GMAT practice papers for better preparation to do well on the exam. Both students and working professionals take the GMAT. 
• Before beginning their studies, candidates should know a few coaching facilities offering the most significant resources and practice exams. 
• Given the current circumstances, many test centers provide online classes, making it convenient for everyone.

GMAT: Exam Books

You can get above-average exam results with the help of an intelligent study strategy and reliable materials. Beginners can consult the following books:

• GMAT Official Guide 2020
• Beyond the MBA Hype
• Kaplan GMAT Prep Plus 
• Manhattan Prep GMAT Strategy Guide Set

GMAT: FAQs

IS GMAT Test hard?

Each year, more than 2 lakh applicants take the GMAT. The average score at premier universities is 720 or higher, while just 6% of applicants receive a score of 700 or higher. Candidates will always be under strain due to the GMAT's scheduling requirements and machine adaptability. GMAT is more challenging than it is difficult. For the GMAT to be mastered, candidates must develop the concept.

 What is GMAT Exam meant for?

The purpose of the GMAT exam is to evaluate skills that are essential for success in business and management courses. It assesses the critical reasoning, logic, and data sufficiency skills necessary for real-world business and management success. It assesses your ability to write analytically and solve problems.

How much is the Exam Fee for GMAT?

The exam fee for GMAT is $275.

Is the GMAT required for an MBA?

Most individuals applying to MBA programs know that one of their admission criteria is to take the Graduate Management Admission Test (GMAT). However, an increasing number of schools no longer require this test for admittance.

Is 700 a good GMAT score?

According to MBA experts, a GMAT score of 700 or more is excellent, while one between 650 and 690 is good.