As on 4th Jan 2006, GMAC decided that the test will be administered by Pearsonvue Company, instead of ETS.Pearson vue (www.pearsonvue.com) is an international media company. The new contract between GMAC and Pearson vue has a term of 7 years.
A student's GMAT score is one of the criteria used by B-schools to select candidates for admission. Some of the other factors are work experience, recommendation letters, and any other institute specific criteria.
Business schools commonly use the test as one of many selection criteria for admission into an MBA program. It is given at various locations around the world. Throughout North America and in many international locations, the GMAT is administered only via computer. In those international locations where an extensive network of computers has not yet been established, the GMAT is offered either at temporary computer-based testing centers on a limited schedule or as a paper-based test (given once or twice a year) at local testing centers.
As on May 2009, the fee to take the test is U.S. $250 worldwide.