Are you interested in learning whether or not you must take GMAT to get a finance degree? If you would like to earn a finance degree so that you can become a financial analyst or an investment banker, it is only understandable that you would like to prepare for the admissions process. While some individuals can pursue careers in finance with a bachelor’s degree, when you are pursuing a career where you must be licensed or have advanced technical knowledge you may need to possess an MBA degree with a concentration in finance. If this is the case, you will need to meet the admissions criteria before you will gain entry into the program. Read on, and find out what the GMAT is and when you need to take this test.
What is the GMAT?
GMAT stands for Graduate Management Admissions Test. This is an admissions test and the most trusted test that business schools rely on when making admissions decisions. The purpose of the GMAT is to allow prospective students the opportunity to prove that they have what it takes to complete advanced coursework to earn an advanced degree. The exam itself will measure the skills that the test taker has and determine if these skills match those that are needed to successfully complete a program through a business school.
According to the GMAT website, the exam has a unique format that will measure your analytical writing skills, integrated reasoning skills, quantitative skills, and verbal skills in the form of argument questions, graphics interpretations, problem solving, and table analysis. You must achieve a minimum score within a 3 hour and 30 minute time frame to meet admissions qualifications when the school requires that you submit your GMAT scores.
Who is It For?
It is important to be aware of the fact that not all business schools require students who are applying for admittance to submit GMAT scores. With this being said, a majority of business schools will require applicants to submit their GMAT scores for review before the deadline. Anyone who plans to attend a Master of Business Administration program should take the GMAT so that they can get into leading business schools with the best MBA programs concentrating in Finance.
If you are planning to take a more technical Master’s degree program instead of learning how to become a leader in the sector, it is advised to take the Graduate Record Exam. This is a different admissions test that is designed to see if students are prepared for Master’s level coursework and not MBA coursework. By the time that you reach your senior year of your 4-year finance degree, you should likely know if you want to earn your Master’s or MBA. At this time you should register to take your GMAT or GRE.
Related Resource: MBA in Finance
More than 6000 different management programs and business schools accept the GMAT because it accurately measures skill. If you are in the process of preparing to earn an MBA in Finance, be sure that you prepare to showcase your skills when you sit down for this test. Familiarize yourself with the layout, learn about the time restrictions, and use study guides. Make sure that you register to take GMAT to get a finance degree at least five weeks in advance, study, and you can gain entry into a program of your choice.
