GMAC offers to wave GMAT fees for eligible business school candidates
Posted on 3/17/2010
Topics: Preparing for Study in the U.S.
The Graduate Management Admission Test (GMAT) results are a key part of most business school applications, and prospective international students may be interested to learn that its administrator has announced a fee-waiver offer.
The Graduate Management Admissions Council (GMAC) has said it will waive the fee for a limited number of prospective MBA candidates in response to a record number of business school applicants last year.
Under the initiative, universities that use the GMAT to select candidates will be allowed to choose some students to take the exam free of charge. Since the exam typically costs $250, it could give some individuals the financial boost they will need to enroll in an MBA program.
Julia Tyler, an executive vice president at GMAC, said that the program stems from the organization's "commitment to helping people with talent enter management education, whatever their financial circumstances."
GMAT assesses candidates' verbal and quantitative skills to determine how well they will do in an MBA program. During the 2009 testing period, the GMAT was administered 265,613 times to students from 1,900 schools on six continents - the highest number in the 50-year history of the exam.
The Graduate Management Admissions Council (GMAC) has said it will waive the fee for a limited number of prospective MBA candidates in response to a record number of business school applicants last year.
Under the initiative, universities that use the GMAT to select candidates will be allowed to choose some students to take the exam free of charge. Since the exam typically costs $250, it could give some individuals the financial boost they will need to enroll in an MBA program.
Julia Tyler, an executive vice president at GMAC, said that the program stems from the organization's "commitment to helping people with talent enter management education, whatever their financial circumstances."
GMAT assesses candidates' verbal and quantitative skills to determine how well they will do in an MBA program. During the 2009 testing period, the GMAT was administered 265,613 times to students from 1,900 schools on six continents - the highest number in the 50-year history of the exam.
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