The Graduate Management Admission Test (GMAT) is a Standardized test that measures verbal, mathematical and analytical writing skills. It is intended to help the graduate schools of business assess the potential of applicants for advanced study in business and management. 

Nearly 900 management institutes all over the world (almost all of them in the US) require GMAT scores from each applicant for admission to the MBA program. 

With the exception of maybe the admissions essays, the Graduate Management Admissions Test, affectionately called the GMAT, causes business school-bound professionals the most trepidation. Although each business school uses the GMAT differently in its admissions decisions, it is an important part of the admissions criteria at all top MBA programs.

Some business schools use the GMAT as the main factor in admissions decisions, while other schools place much less weight on the test. Since each school places a different weight on the GMAT, comparing your GMAT score to a school's average GMAT score does not tell you much about your chances of admission at that school. The GMAT is akin to the SAT or ACT in that it is the only relative measure by which admissions officers can compare candidates. It is a necessary evil; without the GMAT, there would not be an objective way to compare candidates from different undergraduate colleges and professional backgrounds.

Overview of the GMAT
Until 2005, the GMAT was created and is administered by the Educational Testing Service (ETS); now, Peterson's is in charge of the test. The GMAT is primarily a multiple-choice computer-adaptive exam where one question is presented at a time and the difficultly level of the exam adjusts or adapts to the test taker's performance on each question. The computer scores each question before selecting the next one; therefore, you may not skip, return to, or change your responses to previous questions. You do not see your score until you have completed the test and decided to submit it for scoring.
Not every question included in the GMAT exam counts towards a test taker's score. Every test contains a number of experimental questions that are being tested prior to their actual use. These questions are not identified and appear in different locations throughout the test. Answers to experimental questions are not counted in the scoring of your test.
The cost of taking the GMAT is $250. You may only take the test once per calendar month.

The GMAT tests the fundamental skills - Reasoning and Comprehension included - and does not require any subject-specific theoretical study.

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