GMAT is one of the most popular standardised tests in the world, but taking it comes at a steep cost. While its application fee of USD 275 (INR 22,500) can be a deterrent for many students, the costs don’t end there. You also have to spend 3-6 months preparing for the exam, purchase additional resources, and even get help from coaching centers.
Additionally, many students may be excellent with real-life business scenarios and case studies but may find standardised tests challenging. Waiving off the GMAT makes it more flexible for all kinds of students to pursue an MBA in the best B-schools in the US.
A good academic record, projects, certifications, and work experience can help you crack top MBA schools in the US without taking the GMAT.
Here is why you should consider pursuing an MBA in the USA without GMAT:
- Time and Cost Savings: By skipping the GMAT, you save months of preparation and significant costs associated with the test and related study materials.
- Focus on Professional Experience: Many schools prioritize real-world business experience over test scores, allowing you to leverage your work history and achievements.
- Top Employers: Leading companies like Google, Amazon, Accenture, Deloitte, and Cognizant hire MBA graduates from the USA, even those without a GMAT score.
- Growing Demand in Management Roles: The financial management sector is projected to grow by 11% by 2026, ensuring a strong job market post-MBA without GMAT.
- High Employment Rate: The US Bureau of Labor Statistics reports that employment in management occupations will grow by 9% from 2020 to 2030, leading to nearly 907,000 new jobs.