It was developed nationally by leading educators to assess the skills of graduating MBA students.[4] It is also used as a tool to compare business programs across the United States.[5] ETS issues an updated test every 3–4 years in attempt to ensure high content validity.[4] The most recent test forms are 4BMF (February 2005 - June 2009), 4FMF (September 2009 - June 2013), and 4JMF (September 2013 – present).[6][6][7]