Admission to practically all Programs in the country requires passing the GMAT exam as a requirement. Your GMAT preparation will be useful for more than simply getting into the best business schools. Contrary to common belief, the GMAT is more than simply a means for students to get admission to their preferred MBA school. It will be helpful even after earning your MBA and in your subsequent role as a company manager, the exam, and the preparations you make to ace it.
So, if you are debating if you should or not take the test? Here are 5 reasons that will convince you to take the GMAT.
GMAT is Recognized Worldwide
One of the most well-known assessment tests, the GMAT focuses on abilities necessary for admission to the best business schools and finding jobs globally. In fact, the GMAT test is accepted and used by more than 2,300 institutions worldwide, according to the Graduate Management Admission Council (GMAC), which administers the test.
Stanford Graduate School of Business and Harvard Business School are among the institutes that accept and use the GMAT test to access their aspiring applicants. Moreover, GMAC has more than 650 testing centres worldwide and has been administering the test for more than 60 years.
GMAT is also Recognized by Employers
The skills gained by the GMAT test are not only limited to business schools. It is also recognized by employers. The GMAT assesses higher-order reasoning abilities such as problem-solving, critical thinking, and the ability to make complicated judgements, in other words, skills that are essential for professional competence. For managerial and senior-level positions, these skills are regarded as being most essential. It is easy to say that you are good at these things. But GMAT gives you an extra edge because it demonstrates and proves your ability to perform those skills.
Its Availability and Score Validity
Students who are planning to take GMAT can take the test at a test centre or online. There is not much difference between the two tests. Both use the same scoring and measure the same skills. They do, however, vary in terms of price and convenience. For those taking the test at a testing centre, you can only take the exam at a set time during business hours. On the other hand, a test-taker can take the GMAT online at any time of day and from any location.
Also, one more reason why the GMAT is considered a good choice for working professionals is because of its flexibility. You can take the GMAT exam up to 5 times in a year. You can also reschedule your GMAT appointment more than 7 days before the test date. (you will have to pay a fee for rescheduling). Test-takers can not only reschedule but can also take the GMAT exam 5 times in a year if they failed to get the score they desire in the first attempt.
Apply for a Scholarship with the Help of a GMAT Score
We are all aware that the MBA program is one of the most expensive and securing a scholarship can be extremely hard. But if you have a good GMAT score, you have a better shot at securing a scholarship. A scholarship can be obtained in a variety of ways, including through merit, obtaining a sponsor, and bilateral agreements with foreign nations. Obtaining one through merit is the most famous method. Numerous universities base their scholarship decisions on the GMAT because of its reputation as a reliable indicator of academic success.
The Best Kind of Investment
Few investments offer the same potential for reward as investing in your education and getting a graduate degree in a business program increases your chance of getting a high salary at work. It is reported by GMAC that 74% of their employees who have a business degree earn more than employees with other degrees.
It sounds extremely appealing, right? To give you a clearer idea of the future, if you decide to take the GMAT, graduates of MBA programs with a GMAT score of at least 732 from good business schools can have an average salary of around $150,000 to $165,000.
These were the top 5 reasons why you should consider taking the GMAT test. Believe me when I say that it will only bring good luck to your doorstep, and you shouldn’t think twice before preparing for it. And if you have made your decision and are looking for someone to guide you through the whole procedure then hit us up at Edvise Hub and we will make everything easier for you.