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When should I give the GMAT?

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I am currently in 4th year of engineering.

When should I take the GMAT test if I want to get into a B-School directly after my B.E? I was thinking of giving it during my winter vacations, i.e in December. Or should I take the GMAT when closer to the end of B.E i.e in between Feb-April. In May, we have finals.
Any ideas or suggestions?

Thanks

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