Rather than waiting 31 days to re-take the GMAT, candidates now only have to wait 16 days. According to mba.com
, "this allows candidates the flexibility to retake the exam within a shorter period of time in order to accommodate their schedules, study habits, peak performance times, and/or school deadlines." Even though the re-take period has been decreased, test-takers still cannot exceed five GMAT exams within a 12-month period. The 16-day re-take period is especially helpful if you know the exam material well but had an off-day or if you're aiming to meet your dream school's application deadline and just want to take another shot at raising your GMAT score.