Graduate Management Aptitude Test ( GMAT )
Genuine business talent cannot be objectively and narrowly defined by meeting a set of parameters. Instead of looking for an “ideal” candidate, Global B. Schools want applicants who exhibit a variety of skills, accomplishments, and temperaments. The true common characteristics of students are demonstrated leadership potential and a capacity to thrive in a rigorous academic environment.
Admission to the best Business Schools in the world is based on the complete profile of a candidate / prospective student. This profile is a function of numerical and subjective parameters. Numerical parameters include academic grades, GMAT score, and number of years of work experience. Subjective parameters are more complex and include quality of work experience, unique perspective a candidate may have, cross cultural experience, leadership and team skills, the diversity a candidate may add to his peer-group at the B.School, etc.
As students applying to B.Schools come from diverse countries, backgrounds, academic-subjects and systems of education, so GMAT provides a common objective numerical yardstick to compare all candidates.
Top Business Schools receive a huge number of admission applications, so an easy way to weed out/reject a bulk of candidates is to use a minimal score on the GMAT as a qualifier. This cut-off value of GMAT score is higher for more competitive B.Schools and changes every year.