GMAT enrollment is increasing while top business schools are broadening their applicant pool
Online PR News – 12-September-2009 – – Toronto, ON ( OnlinePRNews ) September 12, 2009 – JumboTests.com, a source for gmat practice problems (http://gmat.jumbotests.com) has been reporting in their blog some of the notable changes occurring in the world of graduate standardized testing.
For one, a recent report shows that 51% of people who take the GMAT examination are outside of the United States. "China, Germany, Canada, Switzerland and the UK all experienced increases" reports Dave Wilson, the present of GMAC (the company responsible for the GMAT). The cause of this change is suspected to be the increasing instability of the global market. MBA Programs have become a haven for many American business students trying to ride out the current economy, and it seems they are becoming attractive internationally as well.
Not only is the GMAT becoming more popular internationally, it is also increasing in popularity overall. JumboTests notes a "7% (increase) over the previous year" which translates into 265,613 more participants. This increase has also increased the popularity of online GMAT practice tests (http://gmat.jumbotests.com/info).
While grad school hopefuls are taking the GMAT in droves, top business schools are looking for ways to make sure they're getting the best students. To do this, many top MBA schools are accepting GRE scores in place of GMAT scores. According to JumboTests, "Harvard Business School announced it would be accepting GRE or GMAT scores from candidates … and other top schools such as Wharton (University of Pennsylvania), Darden (University of Virginia), Stanford Graduate School of Business, and the Sloan school of Management (MIT), quickly followed suit."
With business schools accepting more test scores, and worldwide test registration increasing, it is imperative to perform well on these exams. If you're signed up to take the GMAT you should look into free GMAT prep (http://gmat.jumbotests.com/info/free-gmat-prep). Proper preparation could be what distinguishes you from the rest of the pack.
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