The Graduate Management Admission Test (GMAT) is an online exam for prospective Master of Business Administration students.
The GMAT measures verbal reasoning, quantitative reasoning, analytical writing, and integrated reasoning skills. It is specifically designed to help business schools assess the qualifications of applicants for advanced study in business and management. Most business schools require candidates to have a GMAT score to evaluate their capabilities.
The exam measures higher-order reasoning skills, and you will need basic English language and math skills. However, the test measures your ability to reason with these skills. All test sections involve reasoning, including the analytical writing assessment (AWA) and integrated reasoning sections. “Higher-order” reasoning skills involve complex judgments, critical thinking, analysis, and problem-solving.
The Analytical Writing Assessment section consists of one 30-minute writing task — Analysis of an Argument. The arguments on the test include topics of general interest related to business or various other subjects. Specific knowledge of the essay topic is not necessary; your ability to write analytically is assessed.
Canada is one of the most sought-after destinations for world-class business education and has a promising job market for MBA professionals. According to the Graduate Management Admission Council, the proportion of recruiters planning to hire MBAs in 2021 (91 per cent) returned to the same level as pre-pandemic 2020 (92 per cent). MBA hiring projections exhibit strength across key regions and industries. Specifically, 95 per cent of consulting sector recruiters are planning to hire MBA graduates — a reversal from the 2020 actual hiring of 76 per cent.
MBA salary premium holds at the pre-pandemic levels: At $115,000, the median salary of MBA graduates is 77 percent more than those with a bachelor’s degree ($65,000) and 53 percent higher than those hired directly from the industry ($75,000). This salary premium could help an MBA graduate earn US$3 million more than someone only holding a bachelor’s degree.