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The Graduate Management Admission Test (GMAT) is about to undergo its biggest makeover in more than a decade, and test prep companies are gearing up to help students get ready to take the radically redesigned exam.

Starting in 2012, aspiring applicants will take the Next Generation GMAT, which will include a new section on integrated reasoning, in which test takers will analyze data from multiple sources to draw conclusions, says Ashok Sarathy, vice-president for the GMAT program at the Graduate Management Admission Council (GMAC).

This is the 10th version of the GMAT,and it is the result of a survey of faculty members from business schools around the world, who reported that they wanted to measure a candidate's ability to integrate data from multiple sources to solve complex problems.

Test prep companies say they're expecting a rush of students to take the GMAT in coming months -- or to opt instead for the Graduate Record Examination (GRE), which is now accepted by many business schools -- specifically to avoid the new GMAT. But those planning to take the new test have numerous options. GMAT says it will eventually make test prep materials available, of course, but many of the major test prep companies are also hard at work updating course content in anticipation of the new exam.