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The GMAT (Graduate Management Admission Test) is required for admission to most U.S., Canadian, and UK graduate business schools. Most students attend graduate business school for pursuing an MBA degree. However, GMAT can also be used for admission to PhD program in business major, such as Finance, Accounting, and Economics.
The Graduate Management Admission Council (R) GMAC, based in McLean, Va., is a non-profit education organization of leading graduate business schools worldwide, dedicated to creating access to and disseminating information about graduate management education. The GMAT exam was created in 1954 and remains the first and only standardized test specifically designed for graduate business and management programs.
The GMAT exam does not test any specific knowledge in business or other subjects. Rather, it tests the "mental intelligence" as well as the ability to make decision under time pressure. The GMAT now is only available on computer-based test. Format of the exam is as below:
GMAT has following sections:
Essays (1 Issue and 1 Argument)
Verbal (about 14 RCs, 10 CRs and 17 SCs)
Math (about 13 DSs, and 34 PSs)
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