GMAT score upsurge: about 20% of test takers are scoring 700 and more.
GMAC developed the graduate management admission test (GMAT) to ensure that students are adequately prepared for graduate-level work.
700 on their GMAT test was considered a true achievement at one point. A 700 test score opened up many options for the most competitive MBA programs around the world.
However, a 700 score is no longer as distinct as it once was. According to 2021 statistics, nearly 18% of students who sat for the GMAT test scored 700 or higher, a significant increase from the 13% who scored that level only five years earlier in 2017. In the United States, it was even higher: 22.5% of completed exams received scores of 700 or higher.
According to the Graduate Management Admission Council, 28,072 of the 156,453 GMAT exams administered in 2021 received 700 or higher scores, compared to 32,490 of the 250,761 tests administered in 2017.
There is a significant increase in the GMAT score sent to schools
The GMAT score varies from country to country. The average score of GMAT scores sent to schools on a global basis was around 35 points from 645 to 613 in just five years. With the biggest jump in average scores in U.S. applicants for business programs. The average score sent to US schools climbed 45 points from 613 in 2017 to 658 in 2021.
The GMAT test takers score 700 and up in India making it a nearly 21% increase. Below is a tabular form showing some of the countries with 700 and above scores in 2017 and 2021.
According to reports, the average GMAT scores documented by business schools are a reflection of inflation. In recent years, one or more top MBA programs have announced an increase in the average GMAT score from the previous year. For example, the University of Southern California's Marshall School consistently outperforms, with a 732 average GMAT score for the 2021 class.
According to Manhattan Prep's content and curriculum director, there are several reasons for the increase in scores, but this does not mean we can call it inflation because it may imply that the exams have gotten easier when they have not.
Instead, there is a significant change in the score that is used to calculate the average GMAT data score, with the weakest score dropping out of the set. If students are not confident that they can hit a 700+ on the GMAT, they can take the GRE, and because of the covid pandemic tests have become optional for candidates who are not confident about scoring well on the GMAT.
According to GMAC's latest report for 2021, only 106,565 candidates took the exam 156,453 times, a significant 39.2% drop from the 175,200 candidates who sat for 250,761 GMAT exams, a 37.6% drop, in the testing year 2017. According to the GMAC report, the drop was even greater between 2020 and 2021 due to a variety of factors such as test center availability, student mobility, and uncertainty about graduate programs. During this time, many schools announced changes to their application procedures and requirements. Only 66,626 unique GMAT examinees sent 301,107 score reports to programs worldwide in 2021, a 50% decrease from the 133,345 GMAT test takers who sent 557,587 score reports (-46.0%) in 2017.
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