Are you wondering whether to take the GMAT or GRE or not? Well, it’s a pretty easy conclusion, to gain admission in a business program from a prestigious institute, you need GMAT or GRE scores. These test scores act as a requirement in the admission process and evaluation of the significant traits of an applicant.
GMAT and GRE
The Graduate Management Admission Test (GMAT) is an adaptive computer test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for admission to a graduate management program, mainly for an MBA program. More than 2300 universities in 110 countries use the GMAT as admission criteria. Still, wondering what is GMAT? here are a few more points you should know.
Owned and administered by Educational Testing Service (ETS), the Graduate Record Examinations (GRE) is a standardized test that is an admissions requirement for many graduate schools in the United States and Canada and few in other countries. In addition, GRE test scores are a requirement of around 1300 universities for admission to business programs.
Reasons to Attempt GMAT and GRE
Analyzing on a general basis, one can not list many reasons to take a GMAT or GRE. Obviously, it is not for fun. Instead, GMAT and GRE test your ability to learn, adapt and apply your intuitions and knowledge to determine your portfolio in a long-run process. This makes these two exams extremely valuable and valued in the business sector. We hope now you know what is GMAT and what is GRE. Moreover, here are top reasons to give GMAT and GRE: MBA Admissions
To start it off, GMAT or GRE, based on institute preference, is an essential requirement for admission in business programs; this is not optional. An institute may accept both GMAT and GRE scores. However, not necessarily. Some institutes prefer GMAT scores over GRE, while GRE is as good as GMAT, not that acknowledged. And it does not limit just yet.
You may have seen some pointed-out program details on the homepage of a business program, for instance, details like class profile, employment rate, average gender ratio, a particular average test score. It is more likely that GMAT/GRE is that particular average score mentioned for the program. GMAT and GRE are essential and, in many cases, act as a tiebreaker.
Competitive programs at competitive institutes are a fortune to get into. Say, for a management or engineering program at an institute like LBS. The acceptance rate of LBS is relatively low and not an easy task to cut. On the other hand, the applications are filled with excellent records, and almost everyone seems a deserving candidate. What happens next?
This is the reason behind mentioning GMAT and GRE even in non-business programs that are highly competitive. Institutes accept GMAT and GRE scores in those applications, so the applicants have their chance to show theory potential. Of course, it does not guarantee your enrollment as it is just a considered score. However, it definitely adds up to your portfolio.
Student debt is not something that we are not familiar with. Abroad studies in prominent institutes cost a fortune. The return investment is often described keeping the student debt in consideration. As for a long time, one has to pay off those debts. Scholarships are a great way to take some load off your shoulders.
Your exceptional GMAT and GRE scores can secure you a considerable scholarship. The institutes around the world and government bodies take under consideration various performances of an applicant. To promote their international student body, institutes even offer scholarships based on GMAT and GRE scores. So to summarise, you can cut your cost of education with good GMAT and GRE scores.
Value Among Recruiters
The recognition of GMAT and GRE scores is not just limited to academics and institutes. It ventures beyond and is acknowledged globally by various sectors. Securing internships and job placements is competitive and huge. Your GMAT and GRE scores are a representation of your qualitative and quantitative skills.
Recruiters from corporate sectors have told the community what factors are most important while selecting a business school graduate. With more than 90% agreeing with proven ability to perform, followed by almost 90% for communication skills and 85% for technical/quantitative skills. A GMAT and GRE can assist you in obtaining many unknown possibilities.
With getting into GMAT and GRE deeply, one can achieve an alternate option, to begin with. It is possible to work as a GMAT/GRE teacher or instructor. The demand for GMAT/GRE experts as a profession is vast and ever-growing. And due to the importance GMAT and GRE holds for business programs, it pays off.
If you are unaware of the earnings one can make as a GMAT instructor; it can go beyond $100,000 (equivalent to around INR 75 lakh) given location and demand. We all know the education sector is money consuming, and with rising competition, aspirants are getting desperate to excel. Working with the field makes you more likely to learn even more and probably score better than expected.