Sponsored by The Economist as well as top business schools from around the world including the Darden School of Business (University of Virginia), University of Edinburgh (Scotland) and HEC Paris MBA, prospective business students are invited to participate in this scholarship competition. Applicants must take a simulated GMAT exam which requires the completion of a 75-minute Verbal section and a 75-minute Quantitative section. The winning student will be awarded a $25,000 scholarship to one of the business school sponsors. Five randomly selected runners-up will each receive a free iPad Air.