In a new move to enhance GMAC's position in the Indian business school (B-school) admissions market, The Graduate Management Admission Council (GMAC) has decided acquire NMAT, Management Aptitude Test exam from Narsee Monjee Institute of Management Studies (NMIMS).
Graduate Management Admissions Test (GMAT), conducted by GMAC, is a gateway for admission into Masters, Master of Business Administration (MBA) and Executive MBA programmes in India and overseas. It is estimated that around 2.5 lakh candidates throughout the world appear for the GMAT every year.
"GMAC will take over the ownership as well as management of the NMAT examination," said GMAC in a recent announcement.
After the acquisition, the examination will be re-titled as "NMAT by GMAC". It is also announced that the examination will be accepted by seven more institutes to grant admission into their graduate management programs, including VIT University, SRM University, ICFAI Business School and BML Munjal University.
In addition to this, GMAC's has plans to develop the NMAT and introduce it to other countries.
The NMAT examinations, offered by GMAC will be held between October and December. The registration process for the NMAT exam will commence in July this year.
Stating that the management education in India is tilted in favor of candidates with superior quantitative skills, that is, engineers the officials of GMAC, said " The council is trying to formulate an evaluation system which will be psychometrically balanced, assessing candidates from diverse backgrounds. The entire system will be fair, with no bias against women candidates or non-engineers".
Presently NMAT , consisting of the following sections - Language Skills, Quantitative Skills and Logical Reasoning has a time frame of 2 hours, and the format will be retained by GMAC for the time being.
However, the council will bring about modifications in the pattern gradually.
Year-long tests may be initiated instead of the 90-day long testing cycle. GMAC plans to get more B-schools to accept it and create a testing platform which is independent of institutes.
The total number of registrations for GMAT from India has increased.
The total number of candidates under 25 years of age sitting for GMAT increased by 19% in 2014 compared to the previous year. Around 28,325 aspirants registered for GMAT in 2014, up from 25,268 in 2013 (around 12% increase).
There is an increase in the number of younger applicants and women as well.
GMAC will focus not only on the study abroad segment in India, but also on candidates aspiring to pursue higher studies in India by introducing global best practices.
In another recent move, GMAC has launched an enhanced score report of GMAT, aimed to provide a comprehensive analysis of the overall performance of the test-takers.
Source: The Economic Times