GMAT is a standardised, computer-adaptive, MCQ-type test. The popularity of the exam has increased over the years because the majority of international universities require GMAT scores for their MBA/MIM programs.
GMAC has designed the test to evaluate a test taker's aptitude in English and mathematics. The four distinct sections of the test are analytical writing, verbal reasoning, quantitative reasoning and integrated reasoning. A good GMAT score will boost your application and leave a positive impression on the admission committee. So, to know how important is GMAT, we have stated below all the necessary information about the GMAT exam.
|
Table Of Content |
Why GMAT Exam Is Required for MBA Application?
There are countless benefits of GMAT exam. To know those benefits we have listed down some of the pointers that students can acknowledge and plan their MBA from top universities abroad.
1. Highlights Your Skills
Critical thinking and analysing competency are some of the main skills that are tested through GMAT exam. Other skills such as mathematical and english proficiency are also required to complete an MBA degree successfully. Majority of the business schools measure student’s skills with the help of their GMAT scores before
2. Wide Acceptance
One of the most important GMAT benefits is that its scores are accepted by more than 2000 business schools across the globe. Additionally, more than 7000 MBA and MIM programs require a GMAT score for admission. Thus, taking the GMAT exam is the safest and the most reliable way of securing admission to an MBA program.
3. Scholarships Availability
Pursuing MBA programs in universities abroad can be a daunting task for international students. By securing a good GMAT score, they can avail GMAT scholarships and reduce the cost of attendance to their dream university. Impress the scholarship committee with an outstanding GMAT score and avoid taking a student loan.
Value of GMAT for Corporate Recruiters & Alternative Careers
Taking the GMAT test and achieving a good score will help you define your career trajectory. Since it is a standardised test, a good GMAT score will give you an edge over others after graduation. The recruiting board of top companies review your job application on the basis of your GMAT scores and results along with your MBA degree..
Your quantitative and qualitative skills assessed in the GMAT exam will help you to step into the corporate world. To give an overview we have listed some of the highest paying international companies and the average salary offered.
|
Company Name |
Average Salary Per Annum |
|
Amazon |
150,000 USD |
|
Apple |
160,000 USD |
|
Boston Consulting Group, |
156,000 USD |
|
JP Morgan |
150,000 USD |
|
|
227,000 USD |
|
Deloitte |
135,000 USD |
|
Goldman Sachs |
130,000 USD |
|
Morgan Stanley |
165,000 USD |
Alternative Careers After GMAT for International Students
MBA is a very specific career-oriented degree program. One of the primary GMAT advantages is that the scope of job opportunities after an MBA degree is endless. In fact, after completing an MBA, the majority of degree holders switch over from their old careers to new ones. Some of the highest paying job fields that seek MBA graduates with high GMAT scores are:
|
Job Fields |
Average Salary Per Annum |
|
Marketing |
99,000 - 157,000 USD |
|
Finance |
80,000 - 123,000 USD |
|
International Business |
79,000 - 148,000 USD |
|
Human Resources |
60,000 - 96,000 USD |
|
Information Technology |
78,000 - 164,000 USD |
Furthermore, the other benefits of GMAT is that you can easily switch into other career options. The following job options are:
|
Entrepreneur |
68,000 to 72,000 USD/ per year |
|
Freelance Consultant |
86,000 USD/ per year |
|
Educator |
100,000 USD/ per year |
|
Technical Writer |
57,960 to 74,650 USD per year |
Suggested: 6 Best MBA Colleges Abroad Without GMAT in 2024
Now that you know why is GMAT important for MBA, you must ensure that you need at least 3 to 6 months’ time for comprehensive exam preparation. For more information on colleges accepting GMAT scores, connect with our Yocket Professional and get further guidance for a successful admission.
