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Advantages of preparing for GMAT examination 2024

Discover the numerous benefits of preparing for the GMAT examination. Learn how strategic preparation can enhance your chances of success, improve your critical thinking skills, and open doors to prestigious business schools.
authorImageShivani Kumari27 Apr, 2024
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Advantages of preparing for GMAT examination 2024

GMAT examination: Getting ready for the GMAT exam has lots of benefits for people who want to go to graduate business school. The GMAT is a test that lots of business schools use to decide who gets in. If you spend time and work hard getting ready for the GMAT, you can improve your chances of getting into the business school you want.

Also Read: GMAT Syllabus 2024

You might even get more scholarships and show that you're ready for the hard work of a graduate business program. Also, getting ready for the GMAT can help you get better at thinking critically, solving problems, and managing your time. These skills are important for doing well on the test and for succeeding in business later on.

What is the GMAT examination and its importance?

The Graduate Management Admission Test (GMAT) is a computerized exam designed to evaluate specific skills in analytical thinking, writing, math, verbal communication, and reading comprehension in English. It's commonly required for admission to graduate management programs like MBA programs.
  • Taking the GMAT offers several advantages. Firstly, your GMAT score is recognized in English-speaking countries worldwide, opening up career opportunities globally. There's no age limit for taking the GMAT, so even if you have years of work experience, you can still sit for the exam. Plus, your GMAT score remains valid for five years, giving you flexibility in timing your MBA enrollment.
  • GMAT also provides opportunities for studying abroad, exposing you to diverse cultures and environments. This experience fosters personal growth and enhances your ability to adapt to multicultural settings.
Also Read
GMAT Exam Pattern GMAT 2024 Exam Day Guidelines
GMAT Registration GMAT Exam Date
GMAT Admit Card GMAT Syllabus 2024
  • By taking the GMAT, you not only increase your chances of pursuing education and employment abroad but also gain insight into your own abilities and areas for improvement. With over 530 test centers worldwide and flexible exam scheduling, the GMAT is accessible to individuals globally.

  • The exam is rigorously supervised to ensure the integrity of results. Additionally, preparing for the GMAT helps develop essential skills such as time management, critical thinking, problem-solving, and computer proficiency. These skills are invaluable in both academic and professional settings.
  • GMAT's computer-adaptive format allows you to practice and improve your computer skills while providing opportunities to target top-tier business schools locally and internationally. Ultimately, the GMAT offers a valuable opportunity for those who believe in combining preparation with opportunity to achieve their MBA aspirations.

Advantages of preparing for GMAT examination

GMAT 2024 Exam Highlights
Aspect Description Importance
Purpose Assesses skills for graduate management programs High
Global Recognition Valid worldwide for English-speaking countries High
Career Opportunities Opens doors to global career prospects High
Age Limit No age limit Medium
Score Validity Valid for 5 years Medium
Study Abroad Enables studying in diverse cultural environments High
Personal Growth Cultivates cultural understanding and personal development High
Skill Enhancement Improves time management, critical thinking, and problem-solving abilities High
Test Accessibility Available at 530+ centers globally, flexible scheduling High
Computer Proficiency Enhances computer skills through adaptive format Medium
B-School Opportunities Gateway to top-tier business schools globally High
Preparation Importance Vital for MBA aspirations High

GMAT CTA

Advantages of preparing for GMAT examination

Preparing for the GMAT exam has several benefits that go beyond just the test itself. The GMAT, which stands for Graduate Management Admission Test, is a standard exam required for entry into many business schools worldwide. Here are the main advantages to preparing for the GMAT:
  1. Skill Development: Studying for the GMAT helps improve important skills needed for success in business and management, such as logic, problem-solving, data analysis, and critical thinking. By preparing for the GMAT, individuals can enhance their ability to think critically, make informed decisions, and solve complex problems efficiently. The exam also helps sharpen reading and critical thinking skills, which are valuable in academic and professional settings.
  2. Career Opportunities: Achieving a high GMAT score can significantly impact your career prospects. Many top employers and recruiters consider GMAT scores during the hiring process. A good GMAT score can lead to better job opportunities, higher salaries, and increased chances of securing a position in a reputable organization.
  3. Admission to Business Schools: GMAT scores play a crucial role in gaining admission to prestigious business schools worldwide. Many institutions require applicants to submit their GMAT scores as part of the admissions process. A competitive GMAT score increases the likelihood of being accepted into a preferred business school, laying the groundwork for a successful academic and professional journey.
  4. Scholarship Opportunities: A strong GMAT score can also open doors to scholarships, making it easier to afford an MBA program at a top business school. Securing a scholarship with a high GMAT score requires careful preparation and understanding of the score requirements of target institutions.
  5. Personal Growth and Development: Studying for the GMAT helps enhance communication skills, as the exam includes a verbal reasoning section that focuses on evaluating arguments and improving vocabulary. Taking the GMAT early, such as during undergraduate studies, allows individuals to keep their options open and prepares them for future academic and career challenges.

How can I prepare for the GMAT to get a better score?

Let's start by aiming for a high score on the GMAT, ideally 700 or above. Achieving this translates to being in the 88th percentile, a strong position. Adding just 10 more points will place you in the top 10 percentile, which is impressive. So, how can we reach this goal? To score around 700, you'll need a balanced performance across both sections. For instance, scoring Q49 (74th percentile) in the Quantitative section and V35 (76th percentile) in the Verbal section would suffice. These percentiles indicate how you stack up against other test-takers.
  • Notably, about a quarter of recent GMAT takers achieved scores at this level. With some effort, many can attain similar results. It's worth noting that presenting a score below the top 25 percentile to a reputable B-school may not strongly support your case.
So, how do we achieve this? Let's break it down step by step. Start by focusing on one section at a time. Begin with Quantitative. Dedicate 4 to 6 weeks solely to this section. Enroll in a reputable online or offline course, as structured programs offer benefits such as guidance and organized content. After establishing a study rhythm, spend the following weeks covering fundamental concepts and practicing medium difficulty questions.

Maintain a progress tracker, akin to managing a project, to monitor your advancement. Next, shift your focus to the Verbal section for another 4 to 5 weeks. Reading Comprehension (RC) is crucial here, constituting over a third of the Verbal section. Mastering RC not only aids in this section but also enhances comprehension skills for Critical Reasoning (CR) and even Quantitative questions. Improving focus while reading is key to excelling in RC.
  • After this intensive preparation phase, revise both sections simultaneously. Utilize resources like the Official Guide (OG) to reinforce your understanding. Additionally, take full-length practice tests and analyze your performance to identify areas for improvement. Target specific weaknesses for focused enhancement.
Finally, commit to a 12 to 14-week preparation timeline leading up to your test date. Remember, no amount of preparation may feel entirely sufficient, but taking the plunge is essential. Stay disciplined and stick to your schedule, and you'll be well-prepared for the GMAT. Candidates aiming to qualify for the GMAT with a high score must prepare under the guidance of expert faculties. To improve candidates' GMAT preparation, PW offers GMAT Online Coaching with detailed syllabus coverage, doubt resolution, adaptive mock tests, and in-depth performance analysis.

Advantages of preparing for GMAT examination FAQs

Can I do an MBA without taking the GMAT?

Yes, some schools accept different entrance exams or no test at all. But where you do your MBA matters for your career. Many top schools need GMAT scores.

Why should I take the GMAT if I'm in India? Aren't CAT, XAT, and MAT enough?

For a one-year MBA in India, GMAT is a must. Even top schools like IIMs don't accept other scores. For a two-year program, some schools like SP Jain and XIM Bhuvaneshwar accept GMAT along with CAT and others. So, having a GMAT score gives you more options.

Should I take the GMAT if I'm not sure about doing an MBA or where?

Your GMAT score is valid for 5 years. Even if you plan to work before MBA, taking the test now is smart. GMAT offers flexibility like choosing your test date, canceling scores if you're not satisfied (schools won't know), and analyzing your performance for improvement. Plus, you can take it multiple times, with a 16-day gap, if needed. But remember, it's pricey.

Why is it important to prepare thoroughly for the GMAT?

Preparing thoroughly for the GMAT is important because the exam tests critical skills like problem-solving, data analysis, and logical reasoning that are essential for success in business school and beyond. The GMAT is a challenging exam with immense time pressure, so preparing can help you develop strategies to manage the time constraints.

How does taking the GMAT as an undergrad benefit me?

Taking the GMAT as an undergrad has several advantages. It demonstrates your commitment to business school while your academic skills are still fresh. It also allows you to focus on building your application profile after graduation rather than having to prepare for the GMAT.
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