GMAC - the organization responsible of the Graduate Management Admission Test (GMAT) - implemented some important changes to the test.

• GMAT takers can cancel their own test score now up to 72 hours after their test if not satisfied with the results. Business schools won't see this cancellation (so far, this was only possible immediately after the test).
• Once a test score was cancelled, GMAT takers can re-activate it up to 4 years and 11 months after the test date (so far this was only possible up to 60 days).
• GMAC also published a new GMAT Preparation Exam Kit ("Exam Pack II") that allows the users to do two more complete GMAT taests at home - with an enhanced / diagnostic score reporting for all completed exams.

Find more info and the links to download Examp Pack I and II here.

Why is the GMAT important?

More and more schools ask Master in Management candidates for the GMAT and often require a score of 600 or more (out of 800). For MBA candidates, the GMAT is even more important. Given that the score is valid for 5 years, ambitious MIM or MBA candidates should do the GMAT to increase their admittance chances and renowned business schools.