A 1972 Agreement Gmat
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The year 1972 was significant for a number of reasons. It was the year that saw the historic visit of President Richard Nixon to the People`s Republic of China. It was also the year that marked the signing of the Anti-Ballistic Missile Treaty between the United States and the Soviet Union. But for Business School students, 1972 stands out as the year that marked the birth of the GMAT or Graduate Management Admission Test.
In its early days, the GMAT was a test that only a few people took, and its relevance was limited to a handful of Business Schools. However, as the years went by, the GMAT gained in popularity, and today it is a critical factor in determining admission to many of the top Business Schools around the world.
The 1972 agreement that led to the creation of the GMAT was between nine leading Business Schools and the Educational Testing Service (ETS). The agreement sought to address the need for a standardized test that could be used to evaluate the potential of students seeking admission to Business Schools.
The GMAT is a test that measures a student`s analytical, quantitative, and verbal skills. It is intended to provide a measure of a student`s ability to succeed in the challenging environment of a Business School.
Over the years, the GMAT has evolved, and today it is a computer-based test that is taken by thousands of students each year. The test is divided into four sections – Analytical Writing Assessment (AWA), Integrated Reasoning (IR), Quantitative Reasoning (QR), and Verbal Reasoning (VR).
The GMAT is a test that is highly respected by Business Schools, and a good score on the test can greatly enhance a student`s chances of being admitted to a top program. However, while the GMAT is an important factor in the admissions process, it is not the only criterion that Business Schools use to evaluate applicants.
In conclusion, the 1972 agreement that led to the creation of the GMAT was a significant milestone in the history of Business Education. It provided a standardized test that has since become an integral part of the admissions process for many of the top Business Schools around the world. Today, the GMAT continues to play a vital role in evaluating the potential of students seeking admission to Business Schools.