GMAT takers from India are increasingly going to foreign countries like Singapore and Spain.
In an Interview with Careers360, Vikram Shah , Associate Director, Market Development -South Asia, GMAC, reveals that 7% and 0.99% of students sent their reports to Singapore and Spain in 2013 respectively as compared to 6% and 0.75 % in 2009.
In this interview, Shah shares insight into why GMAT decided to change its score-reporting factor and what it is doing to get an edge over GRE- its competitor.
Careers360: Please share an estimate of the number of students appearing for GMAT in India?Vikram Shah: India’s emergence as a preferred destination for graduate management education is demonstrated by the significant increase in score sending by GMAT test takers to Indian business schools. GMAT acceptance in India has increased over the past 5 years and presently over 130 business schools in India accept the GMAT for some of their flagship management programmes.
Careers360: How many GMAT takers go to study abroad?Vikram Shah: The highest number of GMAT exams was delivered in India in the year 2013 i.e 22,878. Although US schools receive the majority of GMAT scores from Indian citizens, the proportional share of scores sent to US programs declined from 56% in 2009 to 52% in 2013. However, an increasing number of score reports from Indian students went to study destinations in Singapore, Hong Kong, Canada, and Spain.
Careers360: GMAT faces competition from GRE in the cases of students studying abroad. What is GMAT doing to get an edge in the competition?Vikram Shah: GMAT is a test owned by business schools for business schools and over the years the acceptance of GMAT has grown many folds. Today, GMAT is accepted by 2,200 management schools across 6000 programs in more than 100 countries.
At GMAC, we have not limited ourselves by being just a testing company but have laid utmost importance to the word ‘connect’. GMAT predicts a candidate’s capability and using that as an instrument we help him identify the right schools for him / her.
Apart from this, we also conduct global surveys, all throughout the year, covering various aspects of the industry. The intent behind undertaking these surveys is to keep the students informed and updated about the trends prevailing in the industry and accordingly help them to make choices.
Careers360: What are the recent changes that have been made in GMAT?Vikram Shah: Since 2012, there have been two changes that have been introduced:
Careers360: How are aspirants reacting to the new score reporting feature of GMAT? Is two minutes enough for students to make a decision?Vikram Shah: Close to about 2, 50,000 test takers take the GMAT exam every year worldwide and for years students have been taking the exams with the two-minute window option being available to them for making a decision without any problems.
In a feedback we received from students, most wanted to preview their unofficial scores before deciding whether to report or cancel them. In June 2014, GMAT introduced this feature and test takers are now given the option of reporting or cancelling their scores immediately after taking the test and before leaving the test centre. In addition, test takers who decide to cancel their scores at the test centre they will be able to reinstate them within 60 days of the test date for a $100 fee. After that scores will not be retrievable.
This change gives a test taker better test taking experience and greater control over the score reporting process. It is a part of GMAC’s commitment to make preparing for and taking the GMAT an easier experience with greater score reporting control in the hands of the test takers.
Careers360: Is the score reporting feature available in all centres across India? Please share the number of centres.Vikram Shah: Yes, the score reporting feature is available to all test takers and approximately at 600 test centres around the world and 22 centres in India that administer the GMAT exam.
Careers360: Please share number of Indian students appearing for GMAT in last five years. What does this increase/decrease in number trend reflect?The table below indicates the figures for the students appearing for GMAT in the last five years.
What this data reveals is that the number of GMAT takers has increased consistently since 2009. In fact, from 18,929 in 2009, the numbers have increased to 22,310 in 2012 and 22,878 in 2013.
The table below indicates Top Countries or Regions to Which Indian Citizens Sent GMAT Score Reports
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