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The Graduate Management Admission Test (GMAT (/ ˈ dʒ iː m æ t / (JEE-mat))) is a computer adaptive test (CAT) intended to assess certain analytical, quantitative, verbal, and data literacy skills for use in admission to a graduate management program, such as a Master of Business Administration (MBA) program. [4]
The organization owns the Graduate Management Admission Test (GMAT), a standardized assessment that is widely used by graduate business administration programs (e.g. MBA, Master of Accountancy, Master of Finance, Master of Science in Business/Management, etc.) to measure quantitative, verbal, analytical and integrated reasoning skills in ...
Either a GMAT score or a GRE score can be submitted for an application to an MBA program. Business schools also accept either score for their other (non-MBA) Masters and Ph.D. programs. The primary issue on which business school test acceptance policies vary is in how old a GRE or GMAT score can be before it is no longer accepted.
Prometric sells a range of services, including test development, test delivery, and data management capabilities. Prometric delivers and administers tests to approximately 500 clients in the academic, professional, government, corporate and information technology markets.
The capitation fee comes as a surprise to the student when the student may have forsaken admission deadlines at other institutions. Choosing not to pay additional fees may even lead to a form of extortion, by withholding the degree from students. Parents often pay so that there is no ill bearing that affects their wards scores or standing. [8]
A waiver is the voluntary relinquishment or surrender of some known right or privilege. Regulatory agencies of state departments or the federal government may issue waivers to exempt companies from certain regulations. For example, a United States law restricted the size of banks, but when banks exceeded these sizes, they obtained waivers. [1]
A loan waiver is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan. [1] Examples of loan waivers include the Stafford Loan Forgiveness program in the United States and the Agricultural Debt Waiver and Debt Relief Scheme in India
The fees of the college is influenced by the age and performance of the institute. For example IIM C, the oldest IIM in the country had a total course fees of ₹ 27 lakh (US$31,000) for the academic year 2022-24. [77] While IIM Jammu, the youngest IIM had a total course fees of ₹ 17.15 lakh (US$20,000). [82]