Do you intend to attend a prestigious business school to earn your MBA? Some of you might be seeking schools that waive the GMAT requirement if you want to enroll in a full-time MBA program in the fall of 2022, am I right? However, there are a few factors you should take into account before submitting a waiver request.
Many organizations were compelled to cancel all in-person events in 2020 due to the coronavirus epidemic, which led many business schools to slacken their GMAT requirements for forthcoming MBA applications. Several foreign colleges have agreed to waive their GMAT requirements for the spring and fall of 2022 due to the continuing rise in COVID-19 cases in several regions of the world.
Candidates may apply to be MIT Sloan Fellows without taking the test, and MIT Sloan Fellows may assess their applications without passing judgment. If they are chosen, applicants won’t need to take a test. Let’s now explore it further and discover what the expert thinks about it.
Why do experts advise taking the GMAT?
The experts say it’s a benefit for every candidate seeking a master’s degree because it strengthens your application and increases your chances of getting into your top choice institution. Experts, therefore, advise you to take it nevertheless. A recent survey found that regardless of rules, B-schools might prefer candidates who provide test results.
The GMAT/GRE is seen as an additional criterion by the admissions committee because it can serve to add value to your history, experiences, and MBA program preparation. By studying for and passing these exams beforehand, students can get ready for the quantitative character of the MBA courses. It is a great approach for pupils who have missed school to get back into a learning attitude.
Having a good GMAT score plays an essential role in the application!
A strong GMAT score shows the admissions committee that you have the capacity to enroll in the demanding MBA program as well as to be ready for any problems that may arise. It’s one of the factors that makes the GMAT a crucial part of your MBA application.
In order to establish your preparation for the program, a GMAT score can be useful for admissions purposes, particularly if you have no prior business-related academic or professional experience. The general opinion is that applicants who submit a GMAT score are motivated, serious, and careful about their application, regardless of whether they have prior business experience.
Not to minimise the impact of COVID on studies, markets, and people’s lives, but business schools have their own tales to tell. Since we’ve been going through some incredibly difficult times due to the covid case surge, 2019 and 2020 weren’t great years. Other alternative exams were flourishing while the GMAT was collapsing, giving candidates better options at the moment. When GMAT scores dipped to a new level in 2021, many applicants were forced to make different decisions.
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At many of the best universities in Europe, like Oxford and IE, GMAT scores decreased, often by double digits. At prestigious business schools, the average GMAT score in 2020 was atrocious. Scores decreased at 30 of the 37 top MBA programmes in the United States, including seven of the top ten business schools, raising concerns about the test’s future.
GMAT-Optional can be a smart decision. According to Paul Bodine, the founder and president of the admissions consulting firm Admitify, recent revisions to GMAC’s policy regarding score cancellation and the GMAT-optional practises of business schools are two factors that have contributed to the GMAT’s fall. And he asserts that only qualified candidates will submit GMAT scores, and those scores will only be excellent ones.
Furthermore, Blackman claims that “many test takers who would otherwise score substantially lower on the GMAT have chosen to take alternative examinations such as the Executive Assessment or the GRE exam.” “MBA programmes that advertise better average GMAT scores are likely just accepting a lot more students who choose to take these other examinations or submit without a test at all,” the author writes.
Does the GMAT explosion show the GMAT’s strength? We learned that the Kelley School of Business at Indiana University experienced the largest one-year gain in GMAT average of any top MBA programme, rising by 27 points to 679. According to Jim Holmen, head of admissions and financial aid, the Kelley School’s exponential growth in applications was a key factor.
It can be a good idea in this situation to consider GMAT alternatives. Why not, you ask? Without GMAT scores, The MBA Center can help you on your path to the best MBA programme by providing you with other possibilities and helping you make the best decision for you.
From studies, markets, and people’s lives to business schools, COVID has had a profound impact on everything in a variety of ways. Due to the difficult circumstances brought on by the increase in COVID cases, 2019 and 2020 weren’t excellent years. Many of the best universities in Europe, such as Oxford and IE, saw a decline in GMAT scores, with some seeing double-digit drops. Graduate Management Admission Test average scores at leading business schools had a horrible year in 2020.
