Benefits of the GMAT exam
If you are aspiring for an MBA from a very good and reputed business school abroad, then you need to attempt the GMAT exam. The scores that you will obtain on taking this exam is your ticket into the dream schools you wish to pursue a successful career in MBA. However, the benefits of GMAT go far beyond not only just admissions getting into an MBA programme. It influences your career trajectory for a long period of time. It also kick-starts your career at a very better level, which also gives you an advantage over other aspirants and also provides you with many alternative career options to fall back on.
The above mentioned are just a few of the benefits of taking the GMAT exam. We will explore the scope of the GMAT exam further through the course of this article and tell you why it is so helpful.
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The Benefits of the GMAT Exam:
- You make it into top B-schools
GMAT is a standardised examination that is designed exclusively for admission to business and management courses. It is the most trusted examination by business schools internationally. Approximately 2300 business schools accept the GMAT exam score for admission to more than 7000 programs. If you’re aiming to get into top B-schools, the GMAT is the first step towards achieving your dream. As the curriculum for B-schools is rigorous, your GMAT score is a factor that helps you determine whether you are capable of handling the rigorous curriculum or not. All the other parameters for selection such as work experience, past academic performance, letters of recommendation and personal essays also contribute to the admission process.
- You gain scholarships
Even if you manage to ace the GMAT exam, most of the international MBA programs are very expensive. Affording the fees for a top-tier B-school can be very challenging. One of the best ways to pursue an MBA degree without any kind of financial burden is by getting a scholarship. The competition to get a scholarship is tough as there are a lot of aspirants who apply for scholarships and the number of scholarships provided to the students is limited.
But you can manage to get a scholarship with an excellent GMAT score. However, you should prepare for this in advance, as the application dates for applying for a scholarship starts early, which you should not miss at any cost. You can check the average GMAT score required to be considered for a scholarship in your preferred B-school. Work hard and achieve the target GMAT score. However, achieving a good score doesn’t always guarantee a scholarship, because universities consider the overall profile of any student. There are various other metrics that B-schools consider, and they differ from institute to institute. So, make sure you always do thorough research before applying for a scholarship, and plan and prepare accordingly.
- You get a good placement and salary post MBA
A good GMAT score is not just necessary to get into a renowned college or university. It plays a very significant role in your post – MBA placement and salary. Many employers do consider your GMAT score as a part of their recruitment process. The majority of companies offer an excellent salary to students with a good GMAT score. Thus, it is beneficial for securing a well-paid job in an established firm.
- You get exposure
GMAT provides a great opportunity for students to study abroad. Though studying in a foreign country comes with its own set of challenges, passing those challenges is what helps you to grow and face all sorts of challenges. You will also have the opportunity of interacting with people of different cultures and communities while pursuing your course. This kind of exposure helps you understand other people from different aspects, adapt to new environments and make you more tolerant towards global cultures. You also get to learn from others, share your knowledge with others and build strong personal and professional relationships with others.
- Your communication skills improve
GMAT helps in polishing your communication skills! Every question in the GMAT exam is set on the basis of the practical business world that tests your verbal, quantitative, analytical and reasoning skills. The Verbal Reasoning section and Analytical Writing Assessment section are directly linked to your interpersonal skills. Hence, with thorough preparation and practice for the exam, your communication skills will improve considerably which will also boost your confidence. Your practical skills are useless if you don’t know how to or cannot get your points across in a brief and clearly expressed manner. Hence, the GMAT exam not only helps you improve your communication in English but also shows you how to wield it in your workplace and all the practical applications in day to day tasks and work.
- Your other valuable skills upgrade
While you are preparing for the GMAT exam, your logical, analytical, reasoning and problem-solving skills are all put to the test. Because of the constant practice and preparation, you need to brush up on these skills, which in turn will help you get a good score. You get better at understanding and organising any kind of information and making better decisions on both small and large scale issues, whether it’s professional or personal. Besides, your time management skills — a skill that is needed in prioritising tasks, not just professionally but in general life too — also improves significantly, which is one of the key benefits of the GMAT.
GMAT is a measurement of your aptitude. A good GMAT score shows that you have excellent communication skills, analytical skills, problem-solving skills and much more. This proves that you are capable of undertaking any task either in top companies such as McKinsey, Accenture, or also on your own. Since the GMAT exam is very valuable in building a successful future for you, we have to say that it is undoubtedly highly beneficial.
We hope this article will help you in giving you a clear picture of the Benefits of the GMAT exam.
You can also read the article on Top MBA Colleges (with Placements, Fees, GMAT cut-offs) in India accepting the GMAT scores. You can download the GMAT Syllabus here.
If you are starting your GMAT preparation from scratch, you should definitely check out the GMATPOINT