GMAT™ Focus Edition Stands Alone in Business School Assessment as Previous Version Sunsets

GMAC’s redesigned test continues to win trust from candidates, schools

RESTON, Va., Feb. 01, 2024 (GLOBE NEWSWIRE) — After nearly three months of successful delivery of the GMAT™ Focus Edition, Graduate Management Admission Council (GMAC) today confirmed that it has become the only version of the GMAT exam available to prospective test takers around the world. GMAC, a global association representing leading business schools, delivered the updated version of the most widely used business school exam last fall in parallel with the existing GMAT to facilitate candidates’ in-progress preparation and applications for business school.

First launched seven decades ago, the GMAT has been the gold standard by continuously evolving to ensure it maintains its psychometric rigor while remaining a highly relevant indicator of candidate preparedness for graduate business programs. The test was revamped last year with a more efficient test taking experience and flexible new features to better support candidates on their journey of business education and career.

“We have been reassured and encouraged by the overwhelmingly positive feedback we have received from many who have taken the latest edition of GMAT and gained newfound confidence to pursue advanced business education,” said Joy Jones, CEO of GMAC. “I believe that we have achieved what we set out to do at the inception of the redesign more than two years ago, allowing business school aspirants to best demonstrate their capabilities in the most relevant and in-demand skillsets like critical thinking and data intelligence. We are confident that business schools will benefit from the uptick of demonstrated interest and commitment from a more expansive and inclusive global applicant pool.”

GMAC revealed the GMAT Focus Edition after extensive research efforts involving hundreds of school professionals and in-depth concept testing with thousands of prospective students globally. With just three 45-minute sections, including the newly developed Data Insights section, it is nearly one hour shorter than the previous version of the GMAT and requires less content to prepare. While the previous version of the GMAT exam is no longer available, its scores continue to be valid for five years. Test takers and schools have been provided with helpful information so that they can readily make use of scores from both exam editions during this period.

“The redesign makes the exam more focused, more accessible, and less daunting. But more focused doesn’t mean easier or less valuable. It just means smarter,” said Rodrigo Malta, managing director of MBA recruitment and admissions at University of Texas’ McCombs School of Business.

Sun Long, executive director of international MBA program at China’s Fudan University, noted that his school is amongst the many top business schools around the world with a positive view of the latest iteration of GMAT. “It has helped bring us closer to meeting the needs of MBA program candidates while improving upon business schools’ talent selection in the ever-changing business environment.”

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s platforms, including mba.com, GMAC Tours, and BusinessBecause, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams, and get advice on how to successfully achieve their business education and career goals. GMAC is a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
thsu@gmac.com

GlobeNewswire Distribution ID 9030785

PSX Reports Major Share Acquisition by Danish Elahi

Karachi, In a recent disclosure to the Pakistan Stock Exchange (PSE), Danish Elahi, identified as a substantial shareholder, has significantly increased his stake in a listed company. According to the details provided under the compliance of regulation 5.6.1.(d) of PSX Regulations, Danish Elahi purchased 344,000 shares at a rate of PKR 15.00 per share. This transaction took place in the ready market, and the shares were acquired in the form of CDC certificates.

This move by Elahi marks a notable development in the shareholding pattern of the company, reflecting a robust confidence in its potential and future prospects. The acquisition has been officially recorded and disclosed to the Pakistan Stock Exchange, ensuring transparency and compliance with market regulations.

NIT Government ETF Retains Rate; Distributes 9.342% in 2020

Karachi, The NIT Government ETF (NITGETF) held its daily weighted average rate steady at Rs. 15.31, identical to its previous rate. With a fund size of Rs. 55.500 million, NITGETF saw a turnover of 9,000 units. The fund, with a par value of Rs. 500 and a year-end in June, distributed 9.342% in 2020. In January 2024, NITGETF’s high and low rates were Rs. 15.66 and Rs. 12.09, respectively.

Baluchistan Wheels Limited Extends Timeline for Public Announcement of Offer

Karachi, Baluchistan Wheels Limited (BWL) has notified the Pakistan Stock Exchange (PSE) and the Securities and Exchange Commission of Pakistan (SECP) of an extension in the timeline for making the Public Announcement of Offer (PAO). The announcement pertains to the acquisition of up to 8,474,907 (63.56%) Ordinary Shares and Control of Baluchistan Wheels Limited by RMS (Private) Limited, acting as the “Acquirer.”

The original PAO was published on August 9, 2023, with a deadline set for February 5, 2024. However, due to pending regulatory approvals and processes, which are yet to be issued, the Acquirer has decided to extend the timeline for the PAO. This extension, in accordance with Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting and Takeovers) Regulations, 2017, is for an additional 90 days, pushing the new deadline to May 5, 2024.

Baluchistan Wheels Limited and the Acquirer assure stakeholders that they are committed to obtaining the necessary approvals and completing the transaction as soon as possible.

Commonwealth Observers’ delegation calls on IGP Islamabad

A delegation of Commonwealth Observers called on Inspector General Police Islamabad Dr. Akbar Nasir Khan in Islamabad today.

The delegation was given a detailed briefing on the measures regarding the upcoming general elections in the country at Command and Control Center, established for the general elections.

On the occasion, Chairperson of the Commonwealth Observers team appreciated the security measures taken for the general elections.

Senior Officers of Islamabad Police were also present in the meeting.

Source: Radio Pakistan