Graduate Management Admission Test (GMAT) - GMAT is a standardized test, primarily intended to help graduate schools of business for advanced study in Business and Management. The test is a required part of the admission process for most MBA programmes in the US, Canada and the rest of the world. It is intended to help the graduate schools of business assess the potential of applicants for advanced study in business and management.
Of the several thousand graduate management programmes worldwide, nearly 1,700 use the GMAT and more than 1,000 require it. In addition to that, there are several institutions within India, like the Indian School of Business- Hyderabad (ISB), Great Lakes Institute of Management-Chennai, SP Jain- Mumbai & Dubai, NMIMS-Mumbai, and MICA-Ahmedabad, which consider the GMAT scores for entry.
The GMAT is developed and administered by the US-based "Educational Testing Service" (ETS) under the direction of the Graduate Management Admission Council (GMAC), a non-profit organization of graduate business schools worldwide. ETS sets the questions, conducts the test, and sends each examinee the score report. For the conduct of the test, ETS has appointed Testing Agencies in various countries, which act as franchisee for ETS. In India, this agency is the Prometric Testing (P) Ltd. which administers the test at 9 centres in the country.
Eligibility
Anyone and everyone is eligible for taking the GMAT - there are no restrictions based on age or qualifications. The test scores are valid for five years, i.e., most universities accept scores up to five years old. But it is always better if your scores are recent (not older than 2 years). You can take the GMAT as many times as you can but most business schools will average your GMAT scores. It is best to get in touch with the individual schools to check out their individual requirements and plan accordingly.