Why the GMAT is Still Important for Business Schools

Over the past decade, there has been a trend among universities to make standardized testing optional for both undergraduate and graduate programs. In the US, many undergraduate institutions don’t require scores from tests like the SAT and ACT. Similar trends can be seen in business schools’ admission requirements – taking the GMAT for business school applications is not always mandatory. That is why, for some, it may seem irrelevant to take the GMAT. So, is the GMAT still a good option? The answer is, yes, but it depends on whether you want to put in the extra work, time, and money. However, one thing is for sure, the GMAT can significantly boost your chances of getting into your dream business school. Now what are some different ways that the GMAT appeals to Business schools?

The GMAT Shows You are Determined

Having a GMAT score shows business schools that you are willing to go the extra step. The GMAT is a difficult test, and studying for it is time-consuming. When you show business schools that you were willing to put in the time and effort to take the GMAT, it will always bolster your application. There is no world where having a decent GMAT score on your application will hurt you. 

The GMAT is also a great measure of different skills, such as critical thinking and reasoning, both of which are imperative in business school. It has been used for b-school applications for more than 60 years. Therefore, it is safe to say that business schools both trust and are accustomed to the GMAT. The GMAT is an opportunity to show your skills through a trusted and prestigious platform. 

Better Opportunities with the GMAT

The GMAT can help with two things – getting into a highly ranked school and receiving better financial aid. Since all top b-schools accept the GMAT it can only make your application look better. If you want to get into the best of the best, the GMAT will only help you. Having a GMAT score for your business school application can also help you receive better financial aid. Lastly, if you take the GMAT you have an opportunity to show excellence, especially if you are a good test taker. This is going to be one of your best opportunities to show your skills. 

Even in your application to schools that may not seem to be a reach, a solid GMAT score can help guarantee your admission to these institutions. But even if you are applying to a “safety school”, taking the GMAT can help you get the most benefits out of the application. If you are all but certain of admission, the GMAT can help your application in financial aid or scholarship funds. 

But the GMAT is used not only for MBA but also many business related programs. Such as Master’s programs in management or in public administration. The GMAT can also be considered by job recruiters when looking at different MBA programs, and can even help make you stand out from other job applicants. 

Getting a higher GMAT score will not only make getting into certain schools easier, but many could also offer you higher scholarships and may even give you the option of paying nothing. Even just raising your GMAT score for business school by 20 points could drastically change your application. The GMAT may be a time sink as it is expensive, with tutoring and studying materials, but is well worth the cost in the long run.

What Steps to Take Next 

You have decided that taking the GMAT for business school is right for you. What comes next is to figure out how to prepare for it. It is important to set out a large block of time for preparation for the GMAT. Different methods of studying are always helpful while hiring a tutor is the most effective way to help you achieve an amazing score on the GMAT. With an excellent GMAT score, you will be able to get into your desired business school and, as mentioned previously, may even be able to afford it. The GMAT is daunting but with a tutor as your guide, you will be able to get the most out of the exam. Even if some places will not be requiring the GMAT in the future, the GMAT is one of the best ways to show that you are worthy of the best b-school programs. At Apex we offer a 30-minute free consultation for our world-class tutoring services.

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