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Hi....I am appearing for my GMAT on 1st may this year....now my friend jus told me something tht completely shook me up....he said that most schools require you to retake the gmat if they are more than 2 years old........is that true? I mean GMAT is valid for 5 years and that should mean....well....it shoud be valid for 5 years.....I am planning to apply for 2014 or 2015 intake since I jus graduated college in 2011 and therefore dont have the required amount of work ex.........please please tell me he is wrong!