Define GMAT
The Graduate Management Admission Test (GMAT) is a standardized test used by universities and colleges during the admission process for MBA and other management graduate programs.
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Significance
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The GMAT is used globally by 1,900 graduate schools during the admissions process, according to the GMAT website.
Test Material
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The GMAT has three testing sections that measure a student's mathematical skills, verbal skills and analytical writing ability.
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Test Process
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The testing center gives students 3 1/2 hours to complete the GMAT. The GMAT website warns that students who do not answer all the test questions will incur a scoring penalty.
Cost
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The testing cost for the GMAT was $250 as of February 2010. This fee does not include fees for study guides, prep courses or individual tutoring prior to the test.
Considerations
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GMAT scores remain valid for five years, so students should apply to a graduate management program within the five-year period to avoid having to take the test again.
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