Graduate Management Admission Test - GMAT

AAA

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.

INVESTOPEDIA EXPLAINS '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. Thunderbird School of Global Management

    A graduate business school specializing in international business. ...
  2. Cramming

    An emergency test-preparation strategy that involves an attempt ...
  3. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract ...
  4. Baccalaureate Bond

    A zero-coupon bond issued by certain states to assist families ...
  5. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly ...
  6. Education IRA

    A savings plan for higher education. Parents and guardians are ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Savings

    5 Retirement Planning Rules For Recent Graduates

    The future may seem far off, but now is the time to plan for it.
  2. Professionals

    Get An Academic Finance Career

    Working nine months a year and earning a six-digit salary might seem like the high life, but these jobs are not easy to come by.
  3. Professionals

    The Real Cost Of An MBA

    When adding up tuition, books, rent and foregone salary, an MBA can cost as much as a house. Is it worth it?
  4. Professionals

    Should You Get A CFA, MBA Or Both?

    These certifications require time and money, but combined programs are making obtaining both designations more realistic.
  5. Professionals

    Ace Your Business School Courses

    Work smarter, not harder, to get top grades in your business school classes.
  6. Professionals

    A Double Undergrad Can Cost You Your MBA

    At college, many students prefer to do a double undergrad to broaden their education, but this can hinder you - financially and professionally - in the long run.
  7. 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.
  8. Retirement

    Attend Grad School For Free

    Securing funding for your education isn't always the easiest thing to do, but there are some ways to get assistance.
  9. Budgeting

    Best Checking Accounts For College Students

    Student checking accounts avoid the high fees and minimum balances of some other accounts. Here's how to evaluate offers and find one with the best terms.
  10. Personal Finance

    Is a NYU Degree Worth the Steep Tuition Bill?

    The cost of attending NYU is above average, even for private universities. But research shows it can still be a good value.

You May Also Like

Hot Definitions
  1. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  2. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  3. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  4. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  5. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  6. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
Trading Center