Graduate Management Admission Test GMAT News

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Digital Coaching Classes for MBA 2013

CrackVerbal, a GMAT training company, is all set to launch its coaching classes for MBA aspirants in Chennai. The classes will be conducted in tandem with those at Bangalore.

Students will learn and interact in real time via the digital classroom that begins on March 30. The course will be completed in a six-week cycle, comprising two three-hour classes every Saturday and Sunday. The course has been designed to suit the requirements of students as well as employed individuals.

Designed with the Indian MBA aspirant in mind, the course blends customised curricula and top instructors with modular classes. The course will be instructor-led and offered in a physical classroom, with Bangalore and Chennai batches moving forward in sync.

More at www.crackverbal.com.

Phone : 80 42141510

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Next Generation GMAT 2013

At a time when seats in some business schools go a begging and large – scale criticism is being made about the quality of management education, the Graduate Management Admission Council ( GMAC ) maintains that all is well in the management education sector.

In a conversation with The Hindu Education Plus recently, Ashok Sarathy, Vice – President of the Graduate Management Admission Test ( GMAT ) programme, spoke about how management education is catching on globally, and about the ‘Next Generation GMAT’.

Introduced in June, 2012, about 15,000 people have taken the new GMAT which aims at gauging a candidate’s ability to interpret and analyse different types of information and evaluate outcomes.

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Rush to Take GMAT Exam in Older Format made a record year, Test Volume UP 11%

The year 2011 – 12, during which the Graduate Management Admission Test ( GMAT ) added a new section to its format, has turned out to be a record year for the test, with 286,529 GMAT exams being taken across the world. The highest ever number of tests in a single year were in part due to the rush to take the GMAT in its older and more familiar format before June 1, the cutoff date for the new Integrated Reasoning section to kick in.

It was also the year for the largest ever number of GMAT exams to be taken on Indian soil, at 22,803. Globally, however, Indian citizens appeared for a total of 30,213 tests, or roughly one in ten tests was taken by an Indian. India stood third behind USA and China in terms of the number of tests taken by its citizens. One in five tests was taken by a Chinese citizen, making it the second largest applicant market for global b-schools after the US. Women took 42.9% of the total number of GMAT exams worldwide, also a record.

Of the score reports sent during the year, over 67% were sent to MBA or Executive MBA programs. Within India, 128 of the total 175 programs that accept the GMAT received score reports, the highest ever.

“While applications to Indian business schools from non-Indian applicants have grown, overall they represent a small proportion. Systematic efforts to attract interest from NRI, PIO and Foreign national candidates will further help create diversity in the classroom (for Indian business schools),” said Ashish Bhardwaj, Regional Director of the Graduate Management Admission Council ( GMAC ) for South Asia.

Of all the GMAT exams taken by Indian citizens, 75% were taken in India, followed by 17% in the US and 2% each in Singapore and the UK.

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GMAT Testing Year 2012 Increase Registration 25% by 2011

In line with the increase in the CAT registration numbers, indicating a growing interest in MBA programmes in top Indian B-schools, the GMAT numbers released on September 24 reflected a similar but more robust northbound trend of Indian applicants seeking management education at top global business schools.

According to the Graduate Management Admission Council ( GMAC ), a total of 22,803 candidates took GMAT in the testing year ( TY ) 2012, a growth of 25 per cent over TY 2011. A total of 128 programs in India accepted GMAT scores for admission in TY 2012, a rise of 49 per cent over TY 2011, GMAC officials said.

“TY 2012 has witnessed the highest-ever GMAT volume in India till date, a clear indication that GMAT continues to be the first choice of Indian candidates seeking management education at top business schools worldwide,” said Ashish Bhardwaj, regional director, South Asia, GMAC.

“As Indian business schools are widening their search for candidates with a view to creating more diversity in classrooms, GMAT offers a pipeline of aspirants. A systematic effort to attract NRIs, PIOs and foreign candidates will further help create diversity in the classroom,” he said.

The number of applicants for Common Admission Test ( CAT ), the gateway to IIMs and other top B-schools, has witnessed an encouraging trend this year. The preliminary official data released by IIMK, the organizer institute for CAT this year, revealed that the number of applicants has increased by around 9,000 compared with the last year.  According to the organizers, about 2.14 lakh candidates have registered for CAT 2012, a growth of around 4.5 per cent over the last year. The number of applicants in CAT 2011 stood at 2.05 lakh.

According to GMAC, the last testing year was a year of records for GMAT globally. A total of 2,86,529 GMAT exams were taken with 831,337 score reports sent to 5,281 graduate business and management programs around the world.  The GMAT exam volume for the 2012 testing year ( July 1, 2011, to June 30, 2012 ) was up 11 per cent from the 2011 testing year.

“For us, 2012 was a remarkable year. GMAT testing rose in all the world regions. The number of programs receiving GMAT scores rose to an all-time high,” said David Wilson, GMAC president and CEO.  “Today’s global students, who may be a citizen of one country, study in second and choose to work in a third, recognize the significance and the superiority of the GMAT exam in gaining admission to the best management programs across the world,” Wilson said, adding, “The record volume reflects an increase in graduate-level business and management programs that use GMAT exam to support their admissions decisions, in both MBA and other programs.”

According to the GMAC report, the most preferred management education destinations of Indian GMAT takers include the USA ( 51% ), India ( 18% ), the UK ( 8% ), Singapore ( 7.5% ) and France ( 5% ). GMAT is accepted by 175 management programs in India at over 80 business schools; and is available to candidates over 300 days a year at 18 test centers in 17 cities. GMAC® has set up test centers in Indore, Nagpur, Coimbatore and Vishakapatnam recently to cater to strong demand from beyond the metro locations.

The Graduate Management Admission Council is a non-profit education organization of leading business schools and owner of the Graduate Management Admission Test ( GMAT ), used by almost 5,400 graduate business and management programs worldwide. GMAC is based in Reston, Virginia, and has regional offices in London, Gurgaon and Hong Kong.

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GMAT in New Format from June 2012

The Graduate Management Aptitude Test ( GMAT ), the standardised test for graduate business and management programmes worldwide, will adopt a new format from June 2012.

Ashish Bharadwaj, Regional Director ( South Asia ) of the Graduate Management Admission Council ( GMAC ), told to press Kozhikode on 30th November, 2011 that the new generation GMAT had been designed in such a way that it would analyse the integrated reasoning skills of the applicants besides analytical writing, verbal reasoning and quantitative reasoning.

Mr. Bhardwaj was in the city to visit the Indian Institute of Management ( IIM ), Kozhikode, as part of his campaign to join hands with more top B – schools in the country.

In an exclusive interview, he told the press that many B – schools had expressed the need to analyse how the candidates would respond to complex challenges presented in business school programmes and in the information – rich business environment.

The candidates will have to interpret data presented graphically, analyse different types of information and evaluate outcomes during the 30 – minute integrated reasoning section in GMAT, he added.

Though widely accepted worldwide for half a century, the GMAC’s presence in India is not more than a decade – old. As of now, there are 53 top business schools all over India, including IIMs in Ahmedabad, Kolkata, Bangalore and Lucknow, that consider the GMAT scores for their 132 programmes.

Mr. Bhardwaj said that the validity, reliability, test security, and the student – friendly nature of the test are among the features that make GMAT acceptable worldwide.

The GMAT scores are relevant for Indian students who seek admission in foreign B – schools. The trend of foreign students using GMAT scores for admission to Indian B – schools is slowly catching up, he added.

The GMAC, considering the huge fees to be remitted by a student to appear for the GMAT test, has introduced fee waivers to 10 students per B – school.

A valid passport is the only ID proof demanded to appear for GMAT.

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