Graduate Management Admission Test - GMAT

DEFINITION of 'Graduate Management Admission Test - GMAT'

A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most commonly used as the primary exam reviewed by business schools to gain entrance into an MBA program. The exam is generally offered by computer only; in areas of the world where computer networks are limited, the exam may be given as a paper-based test.

BREAKING DOWN 'Graduate Management Admission Test - GMAT'

The GMAT exam consists of three sections: analytical writing assessment, verbal ability and a quantitative section. The maximum score achievable for the GMAT is 800, and exam scores are generally valid for five years following the exam's completion.

RELATED TERMS
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract ...
  2. Series 86/87

    An exam administered by the Financial Industry Regulatory Authority ...
  3. Series 34

    An exam required for individuals seeking to engage in off-exchange ...
  4. Series 27

    A securities license entitling the holder to become a chief financial ...
  5. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  6. Series 26

    A securities license entitling the holder to register as a limited ...
Related Articles
  1. Personal Finance

    GMAT or GRE: Is One Better for MBA Applicants?

    In prior years, those applying to an MBA program had to take the GMAT exam. Today, a growing number of universities accept the GRE as well.
  2. Professionals

    Pass Your CFA Exams on the First Try

    Become one of the elite who pass these exams by using these simple study methods.
  3. Term

    What is the Series 66?

    The Series 66 exam is one of two tests required to register as both a securities agent and an investment advisor.
  4. Entrepreneurship

    The GRE: A Cheaper Alternative For Business School

    The GMAT is the standard test for business schools, but many will accept a GRE score instead.
  5. Entrepreneurship

    How Americans Can Apply For European MBA Programs

    Studying for an MBA in Europe is a great idea for Americans looking for a career boost.
  6. Career Education & Resources

    How Hard are the CFA Exams?

    Learn about the difficulty of the CFA exams with a description of the tests, some statistics on pass rates and suggestions that can help you pass the exams.
  7. Professionals

    What to Expect on the CFA Level I Exam

    The Level I exam for the Chartered Financial Analyst designation can be challenging. Here's what to expect.
  8. Professionals

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  9. Your Practice

    CFA Vs. Series 7: Which is Easier

    Find out which is exam is easier: The Chartered Financial Analyst (CFA) exam, or the Series 7 securities exam for registered representatives.
  10. Entrepreneurship

    How Much Does Your Undergrad GPA Matter When Applying To An MBA Program?

    When applying to a business school, an important metric is an applicant's undergraduate GPA. But other features of an MBA application are also important.
RELATED FAQS
  1. I failed the Series 6 exam. How long must I wait before I can re-take it?

    If you fail your first attempt at the Series 6 exam, your sponsor can submit an amendment to reopen a window in which you ... Read Answer >>
  2. Are series 63 exams given outside of the United States?

    Learn more about the series 63 exam, and find out about testing locations and citizenship requirements. Discover which materials ... Read Answer >>
  3. My scores on the Series 63 average a passing grade, but the testing center said I ...

    Learn more about the Series 63 exam. Discover how the exam is graded, what factors might cause an unexpected result and who ... Read Answer >>
  4. Do I have to be a U.S. citizen to sit for the Series 63 exam?

    Learn more about the citizenship requirements for the Series 63 exam, what the exam material covers and what a passing score ... Read Answer >>
  5. If I failed the Series 66, does the waiting period apply if I want to take the Series ...

    Learn more about the NASAA exam waiting period requirements and the policies regarding retakes, the creation of test questions ... Read Answer >>
  6. How do I find a testing facility in my area?

    Most internationally recognized certifications, such as the CFA®, have testing locations around the world. The following ... Read Answer >>
Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center