GMAT fee waived for Indian students

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 GMAT fee waived for Indian students

Hyderabad: After the US and European students, the Indian students too will be able to write the Graduate Management Admission Test or GMAT for free. The GMAT is a standardised computer-based exam used by more than 4,750 graduate business programmes in nearly 1,900 business schools world-wide.

 Students write the GMAT to get admission into top business schools across the world and need to pay $ 250 to register for exam. 

However, the Graduate Management Admission Council (GMAC), which owns and administers the GMAT, has decided to extend the fee waiver scheme for 'economically disadvantaged' students in India.

B-schools that participate in GMAT will be able to receive up to 10 fee waivers, and in some cases more, if schools run admissions programmes that are targeted at such students. Schools will then issue the waivers to
students, who can use it to take one test and send out five official score reports to different business schools.

This was announced by GMAC's President David A. Wilson, who arrived in Hyderabad on Tuesday. He said the fee waiver scheme was being extended to help talented students enter world class business schools irrespective of their financial position.

 He also unveiled the GMAC's plans to set up its office in India, the third office after the US and the UK. He said they are looking at Hyderabad, Bengaluru, Delhi and Mumbai and the location will be finalised in a couple of months. 

The new office will provide greater personal service and attention to GMAT aspirants and B-schools in India. He said the exam will undergo a major change from 2013 with the launch of “Next Generation” GMAT.

According to Wilson, the demand for GMAT in India has increased by three times in the last five years. From 7,080 applicants in 2005, the number rose to 21,781 in 2009. This accounts for 8.2 per cent of total global applicants. 

The GMAC is expecting the demand for the GMAT to increase further once Parliament approves the Foreign Universities Bill. Many world class B-schools which accept GMAT scores are expected to open campuses in India. 

Source: Hyd News Syndicate