List of Colleges which accept GMAT Score

Indian Institutes accepting GMAT Scores

1). Amity Business School:
8VF-S5-02 MBA – Program

2). Apex Institute of Management:
JMR-J1-50 MBA – Program

3). Great Lakes Institute of Management:
V49-FX-31 Executive MBA

4). Icfaian Business School:
1HW-CW-81MBA – Program

5). Indian Institute of Foreign Trade:

6). Indian Institute of Management Ahmedabad:
CQQ-RR-28 Two-Year Post Graduate Program
CQQ-RR-64 Two-Year Post Graduate Program in Agri-Business Management
CQQ-RR-68 Fellow Program in Management
CQQ-RR-60 One-Year Post Graduate Program for Executives
CQQ-RR-62 One-Year Post Graduate Program for Public Management & Policy

7). Indian Institute of Management Bangalore:
Q9H-KK-49 Postgraduate Programme
Q9H-KK-32 Postgraduate Program in Software Enterprise Management

8).Indian Institute of Management Calcutta:
9CP-HT-97 Postgraduate Program in Management

9). Indian Institute of Management Lucknow:
J39-VT-91 MBA, Full Time

10). Indian Institute of Social Welfare and Business Management:
L9Q-BP-77 MBA – Program

11). Indian School of Business:
N2D-J5-01 MBA, Full Time

12). Institute of Management Development and Research:
C0F-QJ-23 PgDip in Management

13). Punjab University:
247-T0-67 MBA – Program

14). Spicer Memorial College:
1QG-MD-95 MBA – Program

15). Tata Institute of Social Sciences:
66X-QL-51 MBA – Program

16). XLRI Jamshedpur:
WW2-8N-93 MBA – Program

What is GMAT

The Graduate Management Admission Test (GMAT, pronounced G-mat) is a computer adaptive standardized test for measuring aptitude to succeed academically in graduate business studies. Business schools commonly use the test as one of many selection criteria for admission into an MBA program. It is given at various locations in the United States, Canada and around the world. Throughout North America and in many international locations, the GMAT is administered only via computer. In those international locations where an extensive network of computers has not yet been established, the GMAT is offered either at temporary computer-based testing centers on a limited schedule or as a paper-based test (given once or twice a year) at local testing centers. As of 2007, the fee to take the test is U.S. $250 worldwide.

The Test

The exam measures basic verbal, mathematical and analytical writing skills that the examinee has developed over a long period of time in his/her education and work. Test takers are given 3.5 hours to answer questions in each of the three tested areas, and there are also two 10-minute breaks; in general, the test takes about four hours to complete. It does not measure specific knowledge of business, job skills, or subjective qualities such as motivation, creativity, and interpersonal skills. If a test taker’s first language is not English, he or she may still perform well on the exam; however, the GMAT exam may not accurately reflect the abilities of someone whose first language is not English. Business Schools with a high proportion of non-native English speaking students tend to have a lower average GMAT score.

Scores are valid for five years (at most institutions) from the date the test taker sits for the exam until the date of matriculation (i.e. acceptance, not until the date of application). The Stanford University Graduate School of Business website offers a “test results calculator” [1] useful for determining the expiration date of test scores.

The maximum score that can be achieved on the exam is 800, and the 2005/2006 mean score was 533.[4]

Verbal Section

The verbal section consists of 41 multiple choice questions, which must be answered within 75 minutes. There are three types of questions: sentence correction, critical reasoning and reading comprehension. The verbal section is scored from 0 to 60 points with a current mean of 27.3/60.

  • Sentence Correction

This tests grammar and expression. Sentence correction items consist of a sentence, all or part of which has been underlined, with five associated answer choices. The test taker must choose the best way of rendering the underlined part. This question type tests the ability to recognize standard Written English. The task is to evaluate the grammar, logic, and effectiveness of a given sentence and to choose the best of several suggested revisions. Choice (A) repeats the original; the other answer choices vary. It tests the ability to recognize correct and effective expression. It follows the requirements of Standard Written English: grammar, word choice and sentence construction. The goal is to choose the answer that results in the clearest, most exact sentence and does not change the meaning of the original sentence.

  • Critical Reasoning

This tests logical thinking. Critical thinking items present an argument that the test taker is asked to analyze. Questions may ask test takers to draw a conclusion, to identify assumptions, or to recognize strengths or weaknesses in the argument. It presents brief statements or arguments and ask to evaluate the form or content of the statement or argument. Questions of this type ask the examinee to analyze and evaluate the reasoning in short paragraphs or passages. For some questions, all of the answer choices may conceivably be answers to the question asked. The examinee should select the best answer to the question, that is, an answer that does not require making assumptions that violate common sense standards by being implausible, redundant, irrelevant, or inconsistent.

  • Reading Comprehension

This tests the ability to read critically. Reading comprehension questions relate to a passage that is provided for the examinee to read. The passage can be about almost anything, and the questions about it test how well the examinee understands the passage and the information in it. As the name implies, it tests the ability of the examinee to understand the substance and logical structure of a written selection. The GMAT uses reading passages of approximately 200 to 350 words. Each passage has three or more questions based on its content. The questions ask about the main point of the passage, about what the author specifically states, about what can be logically inferred from the passage, and about the author’s attitude or tone.

Quantitative Section

The quantitative section consists of 37 multiple choice questions, which must be answered within 75 minutes. There are two types of questions: problem solving and data sufficiency. The quantitative section is scored from 0 to 60 points and the current mean score is 35.0/60.[2]

Most international MBA programs take only the quantitative section into account, as the degrees they offer will not be taught in English. These areas normally demand a higher quantitative score and ignore the verbal sections.

  • Problem Solving

This tests the quantitative reasoning ability. Problem-solving questions present multiple-choice problems in arithmetic, basic algebra, and elementary geometry. The task is to solve the problems and choose the correct answer from among five answer choices. Some problems will be plain mathematical calculations; the rest will be presented as real life word problems that will require mathematical solutions.

Numbers: All numbers used are real numbers.
Figures: The diagrams and figures that accompany these questions are for the purpose of providing useful information in answering the questions. Unless it is stated that a specific figure is not drawn to scale, the diagrams and figures are drawn as accurately as possible. All figures are in a plane unless otherwise indicated.
  • Data Sufficiency

This tests the quantitative reasoning ability using an unusual set of directions. The examinee is given a question with two associated statements that provide information that might be useful in answering the question. The examinee then must determine whether either statement alone is sufficient to answer the question; whether both are needed to answer the question; or whether there is not enough information given to answer the question.

Data sufficiency is a unique type of math question created especially for the GMAT. Each item consists of the questions itself followed by two numbered statements. The examinee must decide whether the statements — either individually or in combination — provide enough information to answer the question.

(A) If statement 1 alone is sufficient to answer the question, but statement 2 alone is not sufficient.
(B) If statement 2 alone is sufficient to answer the question, but statement 1 alone is not sufficient.
(C) If both statements together are needed to answer the question, but neither statement alone is sufficient.
(D) If either statement by itself is sufficient to answer the question.
(E) If not enough facts are given to answer the question.

Analytical Writing Assessment

The Analytical Writing Assessment (AWA) section of the test consists of two essays. In the first, the student must analyze an argument and in the second the student must analyze an issue. Each essay must be written within 30 minutes and is scored on a scale of 0-6. The essay is read by two readers who each mark the essay with a grade from 0-6, in 0.5 point increments with a mean score of 4.1. If the two scores are within one point of each other, they are averaged. If there is more than one point difference, the essays are read by a third reader.[3]

The first reader is Intellimetric, a proprietary computer program developed by Vantage Learning, which analyzes creative writing and syntax of more than 50 linguistic and structural features.[4] The second and third readers are humans, who evaluate the quality of the examinee’s ideas and his or her ability to organize, develop and express ideas with relevant support. While mastery of the conventions of written English factor into scoring, minor errors are expected, and evaluators are trained to be sensitive to examinees whose first language is not English.[3]

Most business schools don’t weigh the AWA as heavily as the verbal and quantitative sections of the test. Some schools ignore the AWA altogether.

Each of the two essays in the Analytical Writing part of the test is graded on a scale of 0 (the minimum) to 6 (the maximum):

  • 0 An essay that is totally illegible or obviously not written on the assigned topic.
  • 1 An essay that is fundamentally deficient.
  • 2 An essay that is seriously flawed.
  • 3 An essay that is seriously limited.
  • 4 An essay that is merely adequate.
  • 5 An essay that is strong.
  • 6 An essay that is outstanding.

Total Score

The “Total Score”, comprising the quantitative and verbal sections, is exclusive of the analytical writing assessment (AWA), and ranges from 200 to 800. About two-thirds of test takers score between 400 and 600. The score distribution resembles a bell curve with a standard deviation of approximately 100 points, meaning that the test is designed for 68% of examinees to score between 400 and 600, while the median score was originally designed to be near 500. The 2005/2006 mean score was 533.[5]

The quantitative and verbal sections comprise a computer-adaptive test. The first question may be difficult. The next few questions in each section may be around the 500 level. If the examinee answers correctly, the next questions are harder. If the examinee answers incorrectly, the next questions are easier. The questions are pulled from a large pool of questions and delivered depending on the student’s running score. These questions are regularly updated to prevent them from being compromised by students recording questions.

The final score is not based solely on the last question the examinee answers (i.e. – the level of difficulty of questions reached through the computer-adaptive presentation of questions). The algorithm used to build a score is more complicated than that. The examinee can make a silly mistake and answer incorrectly and the computer will recognize that item as an anomaly. If the examinee misses the first question his score will not necessarily fall in the bottom half of the range. However the first 5 questions are important as a whole because they go a long way to determining the score potential.

Also, questions left blank (that is, those not reached) hurt the examinee more than questions answered incorrectly. This is a major contrast to the SAT, which has a wrong-answer penalty. Each test section also includes several experimental questions, which do not count toward the examinee’s score, but are included to judge the appropriateness of the item for future administrations.

Verbal and Quantitative Section scores range from 0 to 60. Analytical Writing Assessment scores range from 0 to 6 and represent the average of the ratings from the two GMAT essays. Because the essays are scored so differently from the verbal and Quantitative sections, essay scores are not included in the total score.

Required Scores

Most schools do not publish a minimum acceptable score or detailed statistics about the scores achieved by applicants. However, schools do generally publish the average and median score of their latest intake, which can be used as a guide.

At nearly all of the top business schools that are commonly listed in popular magazines and ranking services, the scores will average in the upper 600s or low 700s. The Wharton School of the University of Pennsylvania, commonly regarded as one of the top business schools in the US,[6] reports an average score of 713;[7] Harvard Business School, another top tier U.S. business school, reports a 2006 average of 707. Northwestern University’s Kellogg School of Management reports an average GMAT of 700, with approximately 75 percent of enrolled students scoring between 650 and 740.[8] INSEAD, one of Europe’s leading business schools with a highly multinational student body, reports a 2005 average of 705.[9]

It may be possible to overcome a low test score with impressive real world accomplishments, good undergraduate performance, outstanding references, or particularly strong application essays.

History of the Graduate Management Admission Test

In 1953, the organization now called the Graduate Management Admission Council (GMAC) began as an association of nine business schools, whose goal was to develop a standardized test to help business schools select qualified applicants. In the first year it was offered, the assessment (now known as the Graduate Management Admission Test), was taken just over 2,000 times; in recent years, it has been taken more than 200,000 times annually. Initially used in admissions by 54 schools, the test is now used by more than 1,500 schools and 1,800 programs worldwide.

Until the end of 2005, Educational Testing Service (ETS) developed and administered the exam. On January 1, 2006, GMAC transitioned vendors to a combination of ACT Inc, which develops the test questions and CAT software, and Pearson Vue, which delivers the exam at testing centers worldwide.

On June 23, 2008 a cheating scandal was acknowledged by GMAC involving some 6,000 prospective MBA students who subscribed to website ScoreTop.com and may have viewed “live” questions in-use on the GMAT. GMAC has announced severe measures that include invalidating the scores of subscribers, notifying schools who have received their scores, and banning them from future resits of the test. On June 27, GMAC reassured applicants that only those who knowingly cheated using Scoretop’s website would be affected. [10]

Also, in response to cases of “proxy” test-taking, where students pay somebody else to take the test on their behalf, GMAC is going to be introducing Fujitsu PalmSecure (the palm vein scanning technology) at testing centers this year. Centers in Korea and India will be getting the palm scanning devices first, followed by the United States in Fall of 2008. GMAC plans to have them integrated at all testing centers by May of 2009.[11][12]

Registration and preparation

The test taker can register in either of the following two ways:

To schedule a test, an appointment must be made at one of the designated test centers. While it is possible to make the appointment even just a few days before you would like to take the test, it is better to schedule a few weeks in advance to ensure an appointment that is convenient for the student.

Companies such as Kaplan Inc., Princeton Review, TestMasters, Veritas Prep, and Manhattan GMAT have different test preparation options available, which may include self-study using GMAT books, classroom GMAT preparation courses (live or online), online preparation courses, or private tutoring.

Number of GMAT takers growing rapidly in India

Number of GMAT takers growing rapidly in India
2007-07-24 20:49:55 Source : Moneycontrol.com

The number of GMAT takers in India is growing every year. And experts predict the number to grow at between 20 to 25% over the next three to five years. Here�s what�s attracting Indians towards this international test.

From less than six thousand in 2001, to over 16,000 last year, the number of Indians opting for GMAT, is increasing every year. Out of the two lakh people taking GMAT every year across the world, about 5% are from India. Experts say the number of GMAT takers in India is growing at 20% per annum already.

Chad Troutwine, Co-Founder, Veritas Prep said, �It’s one of the 5 most popular in the world. It’s also the fastest growing. Just three years ago, less than 10,000 students took the GMAT exam in India, so it’s not only an ideal market, it’s the fastest growing. And, we think, it could also be an indicator where growth could be in other countries in Asia”.

Experts say, the number of GMAT takers from India, will continue to grow at 20 to 25% per annum for the next 3 to 5 years. The increasing interest from Indians to study abroad is cited to be the main reason for this growth. But that’s not all.

Nikhil Mahajan, MD, Career Launcher said, �3 to 4 of the IIMs have launched a one-year executive program, which used GMAT score as their entry criteria. ISB is probably the biggest GMAT user within the Indian market”.

With this increasing interest, not only from students but from educational institutions as well, GMAT it seems has taken off in India.

The what, when and how of the GMAT – Rediff.com

The difference between the mile and the marathon is the difference between burning your fingers with a match and being slowly roasted over hot coals.”

Hal Higdon, American writer and runner

The GMAT is the standardised test you take when you want to seek admission into most business schools around the world. It is administered by the Graduate Management Admission Council (GMAC), and is usually available on most days of the year in most parts of the world. You can get all the details from www.gmac.com.

The GMAT is best viewed as a marathon, and you prepare for the GMAT just the way you would train for a marathon. The most important requirements, apart from your basic knowledge of high school math and a very good grasp of English, are for you to keep your wits about you and the stamina to keep them for the entire duration of the exam. Yes, the GMAT is the long haul, with the total duration of time spent in the exam centre easily breaching four hours.

When

The GMAT is usually the first step in the journey to business school. Therefore it makes sense to decide when to take the GMAT based on the admissions deadlines of the schools you are interested in.

Most US B-schools have their first round deadlines in October/November. The Indian School of Business (ISB) had its first round deadline for admission into the 2009 batch on September 15 2007 (second round deadline on November 15). So we work backwards starting from October (assuming you are applying to a US B-school).

You need about 15 days to fill in all your details on the online application and at least a couple of months to write your essays and get your letters of recommendation. Which means you should have written your GMAT and been done with it sometime in June, or latest in July. Any later than this and you’ll be pushing yourself really hard and making compromises in your application process that you needn’t have to.

What

The GMAT has 4 sections — the first two sections are essays (together called Analytical Writing Assessment). One essay requires you to take a stand on a contentious issue, and make a cohesive, coherent argument for your position.

The other requires you to critique an argument that you are provided with, looking for logical inconsistencies and structural flaws in the construction of the argument. Both essays are to be written in 30 minutes each.

Then you have one Verbal section and one Quantitative section, each of 75 minutes duration. These two sections have multiple-choice questions, with varying levels of difficulty. Here is how the questions are shot at you by the GMAT computer — all questions on the GMAT question bank are divided into bins of varying difficulty — so you have the Very Easy, Easy, Moderate, Difficult and Very Difficult bins holding questions.

For the first question, the computer picks a question from the Moderate bin. And you start off with the median score (GMAT scores run in 10 point increments within the range 200 to 800.

So the median score that everyone starts off with is 500). If you answer the question right, your score is incremented and the computer picks the next question from a higher difficulty bin. If you answer the question wrong, the computer decrements your score and picks the subsequent questions from an easier bin.

For those of you familiar with computer algorithms, the GMAT test works like a sort of ‘binary search to level in on your relative score in the 200 to 800 range. If you get answers right, you are asked progressively tougher and tougher questions, and your score is adjusted upwards. If you get answers wrong, your score is adjusted downwards and you get easier questions.

At the end of about 37 questions, the GMAT test assumes that it has gotten close enough to your true score and the section ends. This format works for both the Verbal and Quantitative sections, although the number of questions in a section may vary. Another important thing to keep in mind is that the quantum of increment or decrement in score after each question answered is higher for the first few questions, and keeps decreasing as you progress into a section.

This means that it is very important for you to get the first few questions dead right — if you start off bad it becomes very difficult to recover. Another side effect of this testing format is obviously the fact that you cannot go back to a question later in the test — every question has to be answered as you come across it.

[Caveat -- the above description is based on my understanding of the test, and is meant to only give you an indication of how the GMAT test works. It is very likely to be factually incorrect -- for instance in the number of different question bins].

How

The time and amount of preparation required for the GMAT can vary a lot, and depends to a large extent on the individual taking the test. Here is how I would recommend you go about the whole process (this is based on my experiences and is full of my opinions) — the first thing you do is to go to the GMAT site (www.gmac.com) and download the test preparation software that is available for free.

This software comes with two practice tests. Since the makers of the GMAT provide these tests, it is the closest you will get to the actual GMAT itself. Take the first test immediately. This will help you determine where you stand.

Say you scored a 650 in this first test that you took right off the bat, without any preparation. If your target school requires a score of 710, then you know that right now you are probably 60 points short of where you want to be. And to be safe, you should target a score between 730 and 750.

Of course, as with any other score, the more your GMAT score, the merrier you are. You should also do an analysis of where you scored well and where you made most of your mistakes. With many people, most points are lost in a particular sub-section or a particular type of question.

For instance, my weakness used to be ‘Sentence Correction’ questions in the Verbal section of the test. So you need to identify your weakness, and work on it. Lots of companies provide GMAT training material. I would recommend you try at least the following two — the material from Kaplan as well as the ‘Official Guide to the GMAT’ (published by the GMAC). If you have the time, you could do Princeton Review and Barron’s too, although the Barron’s material is rather easy, and thus a waste of time in my opinion.

Going back to the marathon analogy, the Kaplan material is like high-altitude training for GMAT. It is probably the toughest GMAT material around, and once you’re through with it, the GMAT will be a cakewalk. Once you’ve done Kaplan, if you have the time, do the Princeton review GMAT material.

If you don’t have the time, go directly to the ‘Official Guide to the GMAT’. Also remember to keep doing practice tests regularly. You can find a lot of these online, and the Princeton Review material even comes with a CD that allows you to take something like 15 full time tests.

Remember the key here is to practice with the full time tests. If you add all four section timings of the GMAT, you get a total test length of 210 minutes. Add in the five-minute breaks you will take between sections, and the initial time for registration and other formalities and you are looking at well over four hours spent at the test centre. So you can imagine what your state of mind will be when you are doing the last section of the GMAT (usually Quantitative), about three and a half hours after you walked into a test centre. You will be very tired mentally.

Therefore it is very important to practice with the full-length tests — have a watch/clock next to you, and take the entire test in one stretch. This will not only give you a feel for what D-day will be like, but if you do this consistently every other day for a month, it will also build your stamina, so you feel reasonably alert and challenged even when you’ve been at it for four hours at a stretch.

In my opinion, this is the most important part of preparing for the GMAT. Indians are generally very good at math, especially the high school math that is asked on the GMAT. So it is important that you don’t lose any marks on the Quantitative section — any errors you make here are free points you are giving away.

Indians generally find the Verbal section a lot more challenging. The Verbal section of the GMAT is at a whole different level from the other B-school entrance exams one writes in India. You need a very good grasp of English, especially for sub-sections like ‘Sentence Correction’, where you have to identify subtle and involved errors that are not very apparent at all. It definitely helps a lot if you’re the sort who’s spent about one-fifth of your life so far reading novels, literature and P G Wodehouse.

The final leg of your preparation should involve taking the second test in the preparation software you downloaded from www.gmac.com. Since these tests are the closest you can get to the GMAT, doing well on this test a day or two before your actual test date will give you a huge confidence boost.

In conclusion, some tips:

~ Pick a time of day for the test when you feel you are most alert — some folks are morning people and others come into their own late in the afternoon.

~ Try to do a recce of your test centre a day or two before, so you know where to go and how to get there on D-day — just in case you are faced with a traffic jam or some other form of ill luck.

~ For the same reasons as above, plan to reach your test center about 30 minutes or so before you are due there.

~ Remember that your GMAT score is valid for five years. Something to keep in mind when you’re planning long term (or you’re just getting out of undergrad school).

~ Lastly, remember the three most important things to cracking the GMAT are — endurance, endurance and endurance.

Enjoy your preparation — like you would enjoy training for a marathon. That is the secret to doing well. The GMAT is a fun exam to prepare for. Not only will you get a good score at the end of it all, you will have gained much from the journey itself — you will discover new things about yourself, about the subtleties and eccentricities of the English language, and a lot of confidence for your everyday conversations.