Graduate Management Admission Test (GMAT) is conducted in several parts of the world. It is a Computer-Adaptive standardized test, which is conducted for selecting deserving candidates for admission into postgraduate business administration course. The entrance exam is conducted by Graduate Management Admission Council (GMAC) through its various test centers located all over the world. The candidates with a valid graduation degree are eligible to apply. There is no age criterion in order to appear for GMAT.
Selection of the candidates depends on their scores in the test, followed by their performance in group discussion and personal interview. The GMAT scores are valid for the duration of five years. Almost all the reputed Universities and institutions accept GMAT scores. Duration of the test is 3 ½ hours, which includes three sections - Analytical Writing Assessment, Quantitative Section and Verbal Section. The test can be taken round the year during normal business hours.
Graduate Management Admission Test (GMAT) has a long history behind it. The test was conducted for the first time in 1953. The Graduate Management Admission Council (GMAC) began as an association of nine business schools with an aim to develop a standardized test in order to help business schools select qualified applicants. In the first year, the test was taken over 2,000 times, but as per the recent data, it has been taken more than 200,000 times annually. Initially, GMAT scores were used for admission into 54 schools, but now, more than 1,500 schools worldwide accept GMAT scores.