Lately, GMAT applicants are allowed to access their GMAT score immediately after the exam is over and they have the option to either retain or discard their scores and they can decide whether or not to submit it to the score recipients. Just in case, the test-taker has not fared well in the GMAT exam, he/she can consider retaking the GMAT to increase his/her chances to score high and record a seat to a top MBA program from a renowned B-School.
As a GMAT applicant, if you wish to retake the challenging test, you need to conduct in-depth research and plan in advance so that you can save time instead of regretting later.
|Check out the GMAT Eligibility Criteria for 2019|
About the GMAT
The Graduate Management Admission Test (GMAT) is a standardized computer-adaptive test which evaluates the candidate’s mathematical, verbal, logical reasoning, and analytical writing skills in the English language for admission to a post-graduate program like a Masters in Management or an MBA. The score range for the GMAT exam is from 200-800 and most B-Schools insist on a minimum GMAT score for admission purposes. The test is administered by the Graduate Management Admission Council (GMAC) and can be taken multiple times in a year. The score for the GMAT exam has a validity of up to five years. More than 7,000 programs at nearly 2,300 graduate business schools accept GMAT scores worldwide.
Recent Updates in the GMAC policy
Of late, GMAT test-takers need to submit their score to score recipients which they need to select prior to taking the test, who would have access to their scores on exam completion. However, in the year 2014, GMAC issued a change in the exam policy which allows test-takers to access their scores on immediate completion of their exam. In a way, test-takers can benefit from this opportunity as they have the option to decide whether or not to allow score access to the designated score recipients.
Given the current education scenario where B-schools and university management programs are proliferating, the entry to such programs is comparatively competitive. If a B-School requires a minimum GMAT score, this does not indicate that if you’ve scored it you stand a chance to get admission into the management program. You’re eligible for acceptance only if you score high and have a competitive edge over other applicants. So the higher your GMAT score, the better your chance of admission.
Another change in the GMAC policy is that it allows retaking the GMAT test with a time gap of at least 16 days from the previous attempt. Earlier, test-takers had to wait for 31 days before retaking the test. The new policy has made it easier for you to schedule another test and it is advantageous if you need to keep up against the tight admissions deadlines.
Reconsidering your decision to retake GMAT
As a matter of fact, GMAC allows you to retake the entrance test up to five times in a 12-month calendar year with a time gap of at least 16 days from the former attempt. You should reconsider your decision to retake the GMAT only if you’re determined that there are chances of self-improvement and you are able to improve your time management skills too. Having taken the test once, you’re likely to capture your strengths and weaknesses and work on those areas which need improvement.
Attempting the test for the first time should act as an eye-opener for you and remember while you’ve decided to retake the GMAT, you should include more of practice tests in your study regime to stay upbeat with your prep. It is imperative to note that you should be determined and committed to strong performance and make it worthwhile while you’re re-investing your time, money and effort and should be confident to score high in the test. The best way to beat the odds of scoring high in the GMAT exam is to prepare thoroughly and take adequate practice tests.
Pros of GMAT Retake
Once you’ve made up your mind to retake the GMAT exam, there are some positive connotations which follow:
#1. Become more organized in approach: This implies that once you’ve captured your strengths and weaknesses, you’re more likely to start re-working on your weaknesses and work towards their improvement. You adopt a very clear and structured approach to scoring well in the next attempt and with sheer dedication in your preparation you’re bound to improve.
#2. Learn time management skills: The decision to retake the GMAT exam not just demands dedication but is also a good practice to learn from the previous mistakes that you had committed during the first attempt. Remember to not get wedded to a particular question in the examination center. Since time is limited, you need to plan and distribute your time equally for each question.
#3. Score well in the following attempt: Having said that, once you are strong-willed to retake GMAT, this definitely requires you to put all your best efforts to score high in the test. Hence, this acts as a motivator for you to prepare thoroughly and record a high GMAT score for seeking admission to your dream B-School.
#4. No penalty for retaking the GMAT: Regardless of whether you’re retaking the GMAT for the second or third time, there is no penalty for retaking the challenging test.
Cons of Retaking the GMAT exam
Now that you know what are the benefits of retaking the GMAT exam, let’s explore what are its demerits:
#1. Pay a hefty fee to retake the exam: In order to retake the exam, you need to pay US$250. Applicants need to bear the weighty registration fee to be able to retake the test.
#2. Negative impact on admission decisions: Retaking the GMAT might have a negative impact on admission decisions by the Admission Committee of the respective B-School that you wish to take admission to. So, it is advisable to seek proper guidance in this regard before reconsidering the GMAT retake decision.
Although the pros of retaking the GMAT exam have outnumbered its cons, it is always advisable for a prospective management aspirant to schedule the exam to a feasible date and prepare thoroughly before the exam and ace the exam with flying colors. You can enroll with some coaching center or talk to GMAT specialists at BYJU’S who will help you to understand the GMAT syllabus, eligibility criteria, fee structure, and guide you with effective steps to prepare for the exam and assist in taking your first step towards flourishing management education.
For any assistance related to GMAT/MBA, you can directly talk to our GMAT trainers by just giving a missed call at +918884544444, or can even drop an SMS. You can also write to us at firstname.lastname@example.org for more information.