Many working-aged individuals presume their experiences taking standardized tests like the SAT are well behind them, yet business school hopefuls face a contrasting reality. To secure a spot in any selective graduate business program, individuals must score impressively on the GMAT Exam. The Graduate Management Admission Test is a business school entrance exam that acts as a strong indicator of whether or not an individual is academically prepared for business school. Although GMAT scores are only one component of your application, admission committees take this score very seriously and a higher scoring applicant will have a greater chance of being admitted to the business program of their choice.