The popularity of studying abroad is growing exponentially. Global exposure, subject mastery, and networking opportunities are a few of the many reasons students are choosing to study abroad. There are various exams students take to get into the course and country of their choice. Some of the most popular, and most important international entrance exams include the SAT, MCAT, LSAT, GMAT, GRE, IELTS and the TOEFL. These are required for admission to universities and colleges in various countries across the globe. At times, the need may be a combination of one or more of these and other tests/examinations specific to that country and its education system.
The GMAT refers to the Graduate management admission test designed specifically for those interested in applying for MBA or business management graduate programs. It is a valid and reliable predictor of your academic performance in today’s graduate management classrooms. The test is geared toward looking at your aptitude and ability, not just your knowledge. More than 5,400 programs offered by more than 1,500 institutions in over 110 countries use the GMAT as part of the selection criteria. It is accepted by countries like India, UK, US, Canada, Australia etc.
The GRE or Graduate Record Exam is taken by students applying to graduate school in countries like the USA, the UK, Australia, etc. It is accepted by thousands of universities around the world. This exam measures a student’s basic abilities in math, reading and essay writing. The results of this test are sent to graduate schools along with a student’s application, transcripts, letters of recommendation, and statement of purpose essay.
IELTS or International English Language Testing System, is a standardised English proficiency examination taken by non-native speakers going to English speaking countries to study, work or live. IELTS is jointly owned by IELTS Australia, British Council, and Cambridge English Language Assessment Test. It is recognized by more than 9,000 organizations all around the world including educational institutions, employers, governments and professional bodies. To serve different purposes there are two types of IELTS examination: Academic and General.
Law School Admission Test is a graduate exam that is taken by students applying to law schools in countries like the USA, Canada, etc. The exam is designed to check if you are made for the courtroom. It measures skills that are considered important for a career in law. Different sections of the exam evaluate abilities like information management and the ability to draw inferences from it, the ability to think critically, comprehend complex texts and evaluate the reasoning and arguments of others.
TOEFL refers to the test of English as a foreign language which evaluates a candidate’s proficiency in English. Because it is a valid and reliable test with unbiased, objective scoring, the TOEFL test confirms that a student has the English language skills necessary to succeed in an academic setting. More than 8,500 colleges, universities, and agencies in 130 countries accept TOEFL scores. It isadministered at more than 4,500 test centres in 180 countries. More than 27 million people have taken the test since it began in 1964.
SAT is taken by students going to the United States for undergraduate courses. The purpose of the SAT is to provide colleges with one common data point that can be used to compare all applicants. College admissions officers will review standardized test scores alongside your high school GPA, the classes you took in high school, letters of recommendation from teachers or mentors, extracurricular activities, admissions interviews, and personal essays.
The full form of ACT is American College Testing. The ACT is a standardized test that is administered by the non-profit ACT to ascertain the college readiness of a high school student.
It was introduced as a competitor to the SAT in 1959, and the two tests closely mirror each other in their objective (serving as a reliable indicator of college preparedness for high school students) and the framework adopted to achieve that objective. Since the last 5 years, both ACT and SAT are accepted by almost all major universities for undergraduate admissions in the US.
Medical College Admission Test (MCAT) is mandatory for getting into medicine in the United States. The MCAT is a multiple-choice test that is designed to evaluate the examinee's aptitude and knowledge about relevant subjects. MCAT is a standardised and reliable mode of evaluating the millions of medical students who aspire to study in the USA every year.
Like everything education, these exams are expensive as well. The average fee of these exams falls between 11k-13k. Once you have scored well and gotten into your dream college, the expenses of school fee and living abroad are to be taken care of. Approaching a bank could help but it’s not everyone’s cup of tea to negotiate with these financial bodies to get the lowest interest rate on the loan amount you require. This is where Credenc comes in- to help you through the entire loan process without charging a single penny. Credenc provides a Single window platform where students can compare the interest rates of different banks and NBFCs. Credenc also negotiates with banks on your behalf to ensure the lowest possible interest rate so students get the best loan offer without even going to the bank.