About GMAT
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About the GMATBackground
The GMAT exam is a computer adaptive test required for admission to graduate level business degrees. More than 1800 universities around the world require a GMAT score. Each year, between 200,000 and 250,000 GMAT tests are administered worldwide, of which around 60% in the U.S.
GMAT structure The GMAT exam is composed of 3 sections: 1. Analitical Writing Assessment
The first section is scored on a scale of 0 to 6 as the average of the scores of the two sections rounded to the higher half point. This score is presented as the score for the Analytical Writing Assessment part. 2. Quantitative section Allocated time: 75 minutes. This section presents 37 multiple choice questions with 5 answer choices each.
Questions types for this section are:
3. Verbal section Allocated time: 75 minutes. This section presents 37 multiple choice questions with 5 answer choices each. Questions types for this section are:
The number of questions of each type can change from test to test, but you can Figure 1: GMAT structure
 The adaptive algorithm
The GMAT exam is computer adaptive. This means that the computer generates the next question based on the correctness or incorrectness of the previous question, the difficulty level changes according to the number of correct or incorrect questions at any stage in the test. The first questions on any section are more important. The graph below illustrates how the score and difficulty level change when all the questions are answered correctly. It is possible to notice that the first 15 questions generated Increase A in score where all the rest of the questions together generated a much smaller increase: Increase B. It does not meen that questions 16 to 37/41 are unimportant, but the first 15 are critical.
The GMAT score is also affected by the number of questions completed. So, it is critical to guess all the way through the last question. Never leave unanswered questions. Figure 2: Adaptive algorithm
 Where, when and how much?
The GMAT exam is held in multiple test centers worldwide.
To find a test center near you go to www.mba.com . It is advisable to register at least 3 weeks in advance in order to reserve a seat at the most convenient time and date. The GMAT exam costs U.S $250 to take. Rescheduling the exam costs U.S $50. An additional score report will cost U.S $28. When cancelling an exam a partial refund of U.S $70 is issued, the test must be cancelled at least a week before the test date.
31 days must elapse before the GMAT can be retaken and it can be taken no more than 5 times on one calendar year. The score is saved for 5 years.
Important links
For MBA rankings and admission tools: www.businessweek.com/bschools/gmat/ Go to http://www.gmac.com for additional trends and information, and www.mba.com for information about the test and registering for the GMAT. We will continue to keep you updated on the latest trends concerning the GMAT and MBA admissions and admission tips.
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