Category: GMAT (page 1 of 33)

5 Reasons to Take the GMAT Before You Graduate

5 Reasons to Take the GMAT Before You Graduate

July 19, 2022 / / 0 Comments

As a college student, you are always short on time, money, and sleep. But you are still drowning in exams-midterms and finals, assignments, projects, papers, and a lot more. With so much going on, it’s understandable you want to postpone taking your GMAT exam or log in years of work experience before finally revisiting college for an MBA degree.

5-Reasons-to-Take-The-GMAT-Before-You-Graduate.png-infographic.png-2

IN THIS BLOG:

1.    You’re sharp & you have time for GMAT Exam
2.    Take the GMAT Exam Now for Maximum Flexibility!
3.    Know The GMAT exam beyond an MBA
4.    After the GMAT Exam, Build Your MBA Application Profile
5.    Use Your College Resources for GMAT Exam Prep

Whether you want to go to business school now or postpone it for later, taking your GMAT exam in college is anyway a great idea! This blog discusses why taking the GMAT exam sooner rather than later is a good idea.

Why take the GMAT as an undergrad?

A small but increasing number of experts observed that an MBA degree pursued directly after undergrad enables students to avoid the opportunity costs they may otherwise have to bear if they wait longer. Though the individual situations may vary, you will have fewer things to take care of at 22 than at 28.

GMAT is not anyone’s idea of fun, yet there are several good reasons to jump ahead and take the exam while still pursuing your graduation.

GMAT Exam Dates 2022

1. You’re sharp & you have time for GMAT Exam

The college environment is conducive to studying as constant practice and regular exams hone your test-taking skills. You also have an almost set routine wherein you can make time for the GMAT prep.

When you are in college, your test-taking skills are sharp. Once you graduate, your test skills get rusty as you lose touch with regular practice. In college, your learning mode is always on, which will easily help you get a hold of GMAT concepts.

Even though college life feels hectic, it gets more difficult once you’re in the professional world. You have limited time and energy at your disposal. It is easier to fit your GMAT exam prep into your undergrad schedule than when you’ll be clocking in a full-time job.

2. Take the GMAT Exam Now for Maximum Flexibility!

Your GMAT exam score will be ready when you are. For admissions to the top b-schools, an outstanding GMAT score is a winning element on your application. The score is valid for five years, and if you are not happy with your score, you can schedule another GMAT exam for a later date.

Additionally, you might want to continue your postgraduate studies directly after your undergrad, and taking the GMAT exam earlier allows you that flexibility. If you already have a GMAT score ready, you have the option to apply to other management programs besides an MBA, such as MiM or ISB’s Young Leader Programme.

How do you get a 770 on the GMAT?

Have you taken the GMAT before?

 Taking your GMAT exam sooner gives you the freedom and flexibility to decide on the right management program and b-school. Getting an early GMAT score gives you the flexibility to take up new opportunities when they show up.

3. Know The GMAT exam beyond an MBA

The GMAT exam is more than just your score. It demonstrates your commitment to business schools and a management career and that you are not weighing many other career options.

Taking the GMAT exam while you are still in college is an indication for b-schools that you are clear and decisive about your goals. So, ace that GMAT score, and if you are still not convinced, reschedule for a better score.

For b-schools, your GMAT score reflects that you can handle the academic rigors of the course. Moreover, employers value your GMAT score too. Top management consulting and investment banking firms consider your GMAT scores during their hiring process.

4. After the GMAT Exam, Build Your MBA Application Profile

The admission committee takes a holistic view of applications when shortlisting candidates. Your GMAT score is just one part of your MBA application, and other elements include your essays, resume, recommendation letters, academic transcripts, etc.

Keeping your plans flexible can prove highly valuable at the early start of your career. To make it to the top b-schools, you’ll need a good GMAT score and a strong profile. If you take the GMAT exam in college, you can later focus on building other aspects of your MBA application.

B-school applicants bolster their MBA applications with substantive work experience and outstanding test scores. You may want to join an NGO for community service or take on a leadership role in a project.  For instance, if you already have a stellar GMAT score in your hand, you can postpone your MBA application for an extraordinary opportunity at work.

5. Use Your College Resources for GMAT Exam Prep

While you are on the college campus, you will have access to study groups, test-takers, and an environment conducive to studying. The college library will be full of students preparing for different competitive exams. You’ll also have college professors and peers who can help you with the GMAT exam prep.

Taking the GMAT exam as a graduate student will give you a chance to take advantage of these resources. Your brain is in a default learning setting, and these additional resources will up your game of GMAT exam prep.

You do not get similar benefits in a professional environment; your colleagues will not go home and prepare for the GMAT exam. Whereas college gives you immense resources, most of which will go away as soon as you graduate and enter the working world.

Though individual decisions may vary, taking your GMAT exam while still in college is an optimal decision for many. Several students realize that taking the GMAT earlier reduces the opportunity costs they have to deal with, and more b-schools encourage them for the same; maybe it’s time you, too, should start preparing for your GMAT exam.

Book a free fifteen-minute session with our expert and join the growing number of undergrads sitting for the GMAT this year.

3 GMAT Verbal Tips You MUST Know to Score Over 40

3 GMAT Verbal Tips You MUST Know to Score Over 40

May 17, 2022 / / 0 Comments

Wasn’t GMAT Verbal the only section that felt manageable when you first started your test prep? It’s not until you take a couple of practice tests that you realize it is SO NOT THE CASE. If you are getting your GMAT Verbal answers wrong and have no clue why or can’t figure out what needs to change to ace the section, this blog is for you! In this blog, we will go over some tried, tested, and perfected GMAT Verbal tips that will change how you approach the section for good. Let’s go!

IN THIS BLOG:

1.    Start Your GMAT Verbal Test Prep Without Timer
2.    Tackling GMAT Verbal through Critical Reasoning
3.    How-to read GMAT Verbal Answer choices

Start Your GMAT Verbal Test Prep without Timer

Ditching the timer during your GMAT Verbal test prep doesn’t seem like good advice, does it? But hear us out! When you start your test prep, you are still learning about the test pattern, question types, etc. During this time, if you push yourself to replicate the test pace, it will only take away from the real-time learning or understanding that students typically achieve without a ticking timer by their side.

While practicing GMAT Verbal questions without a timer, you get a better insight into what the test expects of you and how to approach Reading Comprehension questions and others, for that matter.

Secondly, the GMAT gives you 65 minutes to answer 36 questions, that’s about 1 minute and 48 seconds on average for each question. You can’t expect to replicate this pace with accuracy when you are just starting out. The good news is, that you will eventually achieve the test pace, and then you can use a timer.

PRO TIP: When starting your test prep, take the time to thoroughly analyze a question and notice key details while carefully using logic to arrive at a correct answer.

BOTTOM LINE – The idea is to first work on perfecting your accuracy and then optimizing your performance.

Want to know how GMAT-ready are you right now?

Tackling GMAT Verbal through Critical Reasoning

Are the reading comprehension questions giving you a hard time? If only there was a quick fix for getting better at it, and there is! It’s called Critical Reasoning. That’s right, practicing more critical reasoning questions can actually help you score better on RCs as well. This is because CR questions test you on the exact skill set required to ace the reading comprehension questions. Just like CR questions, GMAT reading comprehension questions expect you to analyze an argument and find the logical solution to the question stem.

Practicing more critical reasoning questions conditions your mind to approach the GMAT verbal section in the right way. GMAT already tests you on critical reasoning skills with around 10-13 questions on the test, so you don’t need to go to any lengths to find extra reading material than you already own.

PRO TIP: When solving Critical Reasoning questions, always stick to the facts. The correct answer is an inference derived from the facts presented in the argument and not outside of it.

BOTTOM LINE – If you need to tell a story to get to the answer, it’s very likely incorrect!

How-to Read GMAT Verbal Answer Choices

How do you look at the answer choices? Do you read them hoping it’s the correct answer? Well, if yes, that needs to change. Since there will be more wrong answer choices than the correct ones, it makes sense to be more skeptical about the answer choices. Read through the answer choices to find information that could prove it wrong. This also works naturally for times when you arrive at the correct answer through the method of elimination.

PRO TIP: While going through the passage, be mindful of the tone and intensity with which arguments are made in the passage. Steer clear of extremes and strong words appearing on the test. Avoid Verbal answer choices including must, always, only, etc., if it isn’t consistent with your understanding of the passage.

BOTTOM LINE – Do NOT go for answer choices that overstate or understate arguments mentioned in the passage.

Have questions about MBA admissions or GMAT prep? We are just one call away.

Connect with our counselors for a free 15-minute session and get your personalized GMAT study plan and MBA admissions roadmap.

Making-MBA-applications-sharper

5 Ways to Make MBA Admission Applications Sharper

May 2, 2022 / / 0 Comments

As covid-restrictions were eased out globally last year, the number of MBA applications to b-schools surged. The upcoming MBA admissions cycles are set to be equally competitive. So, how do you make your MBA application stand out and improve your chances of admission?  What are the key requirements of a successful MBA application?

Making-MBA-applications-sharper

It’s time to culminate all that work ex and academics labor into a stellar MBA admission application. In this blog, Jamboree brings the guide to your MBA admission process.

IN THIS BLOG:

1.    When to Apply for an MBA Admission?
2.    How to Build Your MBA Admission profile?
3.    MBA Admission Guide
4.    Standardized Tests for MBA Admissions
5.    Academic Transcripts for MBA Admissions
6.    Essay for MBA Admissions
7.    Resume for MBA Admissions
8.    LORs for MBA Admissions

GMAT India Dates & Fees 2022

When to Apply for an MBA Admission?

For starters, check the application deadline for your target b-schools. Submitting your MBA application in time is crucial to securing an acceptance letter. Generally, business schools accept applications in rounds or on a rolling basis.

  1. Rounds: Schools that accept applications in rounds usually do in approximately three timed cycles or rounds. Applications received in one round are batched together and reviewed along with those received in that round. It is best to apply as soon as possible. Fall intake is the most preferred of all intakes since it also aligns with the Indian academic calendar.
    Intake Duration
    Fall Term From August to December
    Spring Term From January to April
    Summer Term From May to August
  2. Rolling Basis: Some b-schools review applications as and when they are received when accepting applications on a rolling basis. After carefully examining the applications, offers for MBA admissions are made to the selected candidates.

Check the type of MBA admission cycles your targeted b-schools carry out and apply as early as possible. Also, decide on the kind of MBA program you would be applying for: deferred, executive, part-time, or full-time. You can pick a program based on your work experience and professional aspirations.

Find the right MBA program for you.

Have you taken the GMAT before?

How to Build Your MBA Admission profile?

Preparing ahead for your MBA admission process will give you an edge over other applicants besides helping you target those early deadlines. If you have almost a year till you apply for your MBA admissions, you can build a strong profile by working on your GPA, extracurriculars, etc.

But don’t be disheartened even if you didn’t get an early start. Whatever your profile, there is always a business school for you. Additionally, there are ways to offset the weaker spots on your MBA application by:

MBA Admission Guide

In our guide to MBA admissions, we tell you about all the things you’ll need to make a successful application.

Standardized Tests for MBA Admissions

Almost every MBA program across the world requires applicants to submit GMAT or GRE scores. As the premier admission test for b-schools, the GMAT reflects a candidate’s suitability for an MBA program. B-schools value your GMAT scores greatly. A good GMAT score for your target b-school should be at least 20 points higher than the average GMAT score of the previous year’s incoming class.

If your test score is way below the average score of your target schools, you might want to retake the GMAT. We recommend you be ready with your GMAT score at least three months before your MBA application deadlines; this gives you enough time to improve your score and shortlist schools accordingly.

Academic Transcripts for MBA Admissions

Academic transcripts are a set of documents used to show your education record. It is a detailed record of your academic performance and has all the information about your courses, grades, study areas, degrees, and awards.

Academic Transcripts are duly signed and stamped by your education institutions where you have previously studied. If your academic transcripts are in any language other than English, they have to be translated into English when submitting your MBA application.

Essay for MBA Admissions

The MBA admission essays describe aspects of your identity that do not reflect in other parts of your MBA application like personal background, interests, extracurriculars, goals, etc. Admissions committees take a holistic view of MBA essays to assess candidates who are all-rounded and can make commendable contributions to the school.

The best way to send your application to the rejection pile is by submitting a cookie-cutter essay to multiple b-schools. For a winning MBA application essay, do thorough research of the school and the course, re-read and proofread your essay multiple times and check if the essay answer aligns with the question.

Resume for MBA Admissions

Tailor and adapt your resume for your MBA application as per the requirements of the b-schools you are applying to. Include information about your accomplishments, leadership roles, and team projects.

Any community service or extracurricular activities that you think can add value to your application should make it to your resume. Highlight your quantifiable achievements such as an increase in revenue or market share, increased website traffic, etc.

LORs for MBA Admissions

Letters of Recommendation give the admissions committee an outside perspective on your candidature. Usually, B-schools require a professional or academic reference.

For your academic reference, it is recommended that you choose somebody who has had the opportunity to evaluate your performance directly in an academic setting like a college professor or research advisor.

Professional letters of recommendation should come from people who worked with you closely and supervised you directly and with whom you share a good working relationship. They can better present your professional capabilities and put in the time to write a good recommendation letter.

Getting into a top MBA program can significantly impact your career and life. It will also allow you to network with like-minded people. A successful MBA application encompasses many factors- from high GMAT scores to strong SOPs & LORs.

With scores as high as 790 on their GMAT, Jamboree students have found their way to top business schools. Book a free fifteen-minute session with our MBA experts and get started with your MBA journey.

Tried and Tested GMAT Tips and Strategy

Tried and Tested GMAT Tips and Strategy

April 29, 2022 / / 0 Comments

B-schools approach student applications holistically, true, but a good GMAT score simply sets the tone right and practically screams applicants’ sincerity towards the program. That’s hardly all; with a strong GMAT score, you’ll stand out in the admissions process and may even qualify for scholarship opportunities that can help you cover the cost of your degree. So in this blog, we will cover actionable tips that can help you score better on the GMAT. Let’s go!

IN THIS BLOG:

1.    Build visual literacy during test prep
2.    Practice advanced questions
3.    Optimize testing experience
4.    Tackling Passages through Critical Reasoning
5.    Strategy for 700+ on GMAT

Build Visual Literacy during Test Prep

GMAT would be considerably easier without the ticking clock! So naturally, it makes sense to seek methods that optimize your performance. Practicing visual literacy is one such method that can help you be more efficient on the test. What do we mean when we say ’building visual literacy’? Here it refers to building the ability to interpret visual data like symbols, charts, tables, etcetera quickly.

Mastering visual literacy is especially helpful for Multi-Source Reasoning, Table Analysis, Graphics Interpretation, and Two-Part Analysis questions in the GMAT’s Integrated Reasoning section. These questions require you to use both quantitative and verbal reasoning, either separately or in combination, but an added visual literacy for the graphical content of the questions can significantly decrease the time you need to process such questions.

Let’s get to the next obvious question now, how do you enhance your visual literacy? As repetitive as this may sound, the key is to practice more. Because such questions are designed to test your ability to integrate and process data, exposing yourself to complex problems will simply increase your efficiency. Also, be mindful of the techniques that you learn during test prep that help digest visual data faster and keep note of the non-standard mathematical notations that you encounter along the way.

Practice Advanced Questions

If you are doing well on the regular GMAT practice test questions, that’s your cue to escalate the difficulty of the questions you are working with. GMAT is famously a computer-adaptive test with a huge bank of questions to pull from. This implies that the actual exam will adjust to increase its difficulty level if you perform well on the test. So it only makes sense to push your limits with advanced questions during the preparation because if all goes well, you will definitely encounter them.

Suggested Read: GMAT Data Sufficiency Questions and Answers PDF

Optimize Testing Experience

As you may already know, test takers are allowed to change the order of the sections, and you can use this to your advantage to optimize your performance on the test. Select a section order that gives you more control so you’re able to test at your best, especially if you feel restricted by the default order of the GMAT sections, which goes like – Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, and finally, Verbal Reasoning.

Technically, students are asked to take on the most challenging section first, followed by an order of sections that gets progressively easier for the test-taker so as to tackle the mental fatigue that builds up during long stretch exams like GMAT. But you are advised to try and switch the order of the sections during your practice mocks to find the order that works best for you.

How do you get a 770 on the GMAT?

Have you taken the GMAT before?

Tackling Passages through Critical Reasoning

Are the reading comprehension questions giving you a hard time? If only there was a quick fix for getting better at it, and there is! It’s called Critical Reasoning. That’s right, practicing more critical reasoning questions can actually help you score better on RCs as well. This is due to the fact that CR questions test you on exact skills that are also required to ace reading comprehension questions.

Just like CR questions, GMAT reading comprehension questions expect you to analyze an argument and find the logical solution to the question stem. Practicing more critical reasoning questions conditions your mind to approach the GMAT verbal section in the right way. GMAT already tests you on critical reasoning skills with around 10-13 questions on the test, so you don’t need to go to any lengths to find extra reading material than you already own.

How GMAT-ready are you?  Take our FREE GMAT mock to find out!

Strategy for 750 on GMAT

750 on GMAT is a difficult score to achieve. Still, top b-schools usually expect a score around this from the Indian demographic based on the applications they receive from Indian applicants. Regardless, a 750 on GMAT is a competitive score that can significantly advocate your profile to some of the top b-schools like Stanford, UC Berkeley, Columbia CBS, and Harvard. That being said, there is no one strategy that fits all. But if you are looking for a place to start, here is a way to go about it.

  • The first step towards your target score of 750 is choosing the right resources to study from until you attempt the Official GMAT Mock test; your resources acquaint you with the format and difficulty level of the test.
  • After all, you are only as evolved in problem-solving as the materials you choose to expose yourself to, and the same goes for mock tests as well. We suggest GMAT Club Forum and GMAT Advanced Questions to practice. Although they are more difficult than the average GMAT questions, eventually, they will be your shield against GMAT’s adaptive test format.
  • Next up, figure out your problematic sections and areas you need to work on, and note down the type of questions that you got wrong during your daily practice and weekly mocks. Analyze this list to find patterns or areas that you need to work on, and take time out of your routine to perfect these areas.
  • Your weekly mock tests would help you build up the stamina required to sit through 3 ½ hours without experiencing the slightest mental fatigue. Spacing your mock test is also crucial, as this gives you time to rework your strategy based on the results of your previous mock test.
  • Three weeks before the test, you should ideally be scoring 700-710 on any of the GMAT mock tests. In the last few weeks, revisit your notes and take the official GMAT Mock test. Its test score should give you the closest score to your actual GMAT score. And you are good to go!

Have questions about MBA admissions or GMAT prep? We are just one call away. Connect with our counselors for a free 15-minute session and get your personalized GMAT study plan and MBA admissions roadmap.

Realistic cost of Studying in CANADA for Indian Students

Cost of Studying in Canada for Indian Students

April 27, 2022 / / 0 Comments

What’s not to love in Canada? There are top-ranking universities, high quality of life, easy visa & PR norms, and excellent post-education job opportunities. The only thing that concerns most students while exploring Canada as a study destination is the costs involved, and in this blog, we will address exactly that! Below is a detailed insight into the actual cost of studying in Canada for an Indian student and ways to balance it through scholarships, jobs, lifestyle choices, and more! Let’s go!

IN THIS BLOG:

1. Post Arrival Cost of Studying in Canada for Indian Students

2. Pre Arrival Cost of Studying in Canada for Indian Students

3. Scholarship Options in Canada for Indian Students

Post Arrival Cost of Studying in Canada for Indian Students

‘The post-arrival cost of studying in Canada for Indian students’ outlines all the expenses you need to budget to live in Canada. This section will cover all student expenses from out-of-state tuition to a loaf of bread in Canada (which costs CA$2.86, by the way) one by one. Here we go!

Tuition Fees

Tuition fee is the most significant expense, especially for international students. The good news is, although Canada runs with the big leagues of the most preferred study destinations in the world, the tuition fees in Canadian universities are competitive as compared to the top study abroad locations like the US and the UK.

Tuition fees in Canada depend on several factors, from the choice of your program to your degree level. The average tuition fee for an undergraduate degree program in Canada for international students is CA$ 33,623, which is close to INR 20.3 lakhs.

Also, the tuition fee for a program differs from university to university. Given below is an overview of average tuition fees for popular programs in Canada:

Undergraduate Tuition fees in Canada

Given below is the overview of the cost of studying in Canada for Indian students in terms of average tuition for major undergraduate courses:

Courses

Weighted Average Tuition (for International Students)
Medicine CA$ 32,450
Arts and Humanities CA$9,134 – CA$ 60,150
Engineering CA$ $33,703
Law and legal studies CA$ $33,192
Mathematics, Computer, and Information Sciences CA$ 33,012
Business and Management CA$26,680
Social and Behavioural Sciences CA$27,647
Architecture CA$ 26,457
Dentistry CA$ 56,621
Nursing CA$ 21,922
Pharmacy CA$ 40,960
Veterinary Medicine CA$ 63,323
Agriculture, Natural Resources, and conservation CA$ 26,208

Source: Statistics Canada

Graduate Tuition fees in Canada

Given below is the overview of the cost of studying in Canada for Indian students in terms of average tuition for major postgraduate courses:

Courses

Weighted Average Tuition

Regular MBA CA$ 38,950
Executive MBA CA$ 66,665
Arts and Humanities CA$ 14,737
Engineering CA$ 19,301
Law and legal studies CA$ 17,237
Mathematics, Computer, and Information Sciences CA$ 16,647
Business and Management CA$ 24,693
Social and Behavioural Sciences CA$ 15,032
Architecture CA$ 23,992
Dentistry CA$ 22,472
Nursing CA$ 16,168
Pharmacy CA$ 12,876
Veterinary Medicine CA$ 10,099
Agriculture, Natural Resources, and conservation CA$ 14,452

Source: Statistics Canada

Are you looking for a loan with low-interest rates and easy payback options?

Have you taken the GMAT before?

Cost of Living in Canada for Indian Students

The next significant expense for students when studying abroad is – the cost of living. What exactly is the cost of living in Canada for Indian students? We hate to sound like a wet blanket, but the cost of living in Canada is also very subjective since it includes variables like the city you will live in, whether you are going for private accommodation or university dorms, your meal plans, mode of transportation, lifestyle, and spending habits etcetera.

Types of Student Accommodation
Homestay CA$ 4,800 – 9,600 p.a. (INR 1,62,000- 4,05,000/-)
On-Campus Accommodation CA$ 3,000 -7,500 per year (INR 1,81,554 – INR 4,53,886)
Private/ Shared Accommodation CA$ 8,400 per year (INR 4,54,000/-)

Source: QS Top Universities

Finding a suitable place to live is the next biggest concern after getting an admit but renting a home through online portals or references can be risky and unfruitful. If you are an Indian student looking for accommodation in Canada, Jamboree has partnered with safe, trusted, and affordable accommodation providers that can help you find living spaces accessible to your university. Visit here for more information.

Other Living Expenses

With accommodation sorted, let us look at other expenses that count towards the total cost of living in Canada for Indian Students. Living cost depends on a variety of factors. For example, in this section, we will hash out the monthly living expenses of an average University of Toronto student.

  1. An average student’s housing can range from $1,000 to $2,700 per month based on their location, amenities, appliances like dishwashers or washing machines, and services like a gym, pool, or concierge. Generally, utilities like water and gas are included in rental costs.
  2. With the house comes the bills! Students are typically required to pay the cost of electricity. Although there is no cap on how expensive the electricity can be, the baseline delivery cost is a minimum of $50 a month and can increase depending on how much electricity you consume.
  • Your internet and phone bills can be $50 – $100 per month and $40-$100 per month, respectively. It’s a bit much, but you can undoubtedly use student discounts and affordable mobile service provider options.
  1. Renter’s insurance only costs $15 – $30 per month but saves you a lot in crisis. In Toronto, it also acts as insurance to replace your belongings if they get lost, stolen, or damaged. Additionally, it may also cover the expenses incurred during temporary relocation if a repair is being done in your apartment.
  2. Food & grocery is another key expense. This amount can range from $40 – $100 per week depending on your personal needs, choice of grocery stores (since some are cheaper than others), meal plan, etc.
  3. Typically, if you live on campus, there is no such need for transportation, but if you live farther from your college, you need to budget for your traveling expenses. In Toronto, you can easily access buses, subways, and streetcars, which offer per-use prices as well as unlimited monthly plans. Your average transportation can range anywhere from $0 – $128.15 per month.
  • Finally, your books and supplies can cost you around $500 per semester.
  • Other expenses include your shopping and entertainment expenses which are highly subjective but can generally cost you between $20 to $150 per month. This expense includes restaurants and take-out, hobbies, social activities, movies, monthly subscriptions, and anything else not covered in the other categories.

Cost of living in Canada for Indian Students
Living Expenses Amount in CAD
Housing $1,000 – $2,700/month
Electricity $50/month
Internet $50 – $100/month
Phone bill $40 – $100/month
Tenant’s insurance $15 – $30/month
Food & grocery $40 – $100/week
Clothes & Shoes $25/month
Health Insurance $600 – $800 per year
Transportation $0 – $128.15/month
Books & Supplies $500/semester
Emergency Funds $500

Source: University of Toronto website

Pre-Arrival Cost of Studying in Canada for Indian Students

As the name suggests, the pre-arrival cost of studying in Canada for Indian students outlines the expenses made even before you actually set foot in Canada. Sounds rough, right? But it isn’t!

Pre-arrival cost of studying in Canada for Indian students includes all the expenses that make sure you eventually study in Canada. It includes costs of appearing for a language proficiency test, university application fees, flight tickets, Canada student visa fees, etc.

Most of these expenses are one-time expenses. Take purchasing a GIC or Guaranteed Investment Certificate as an example. GIC is a document required to get a student permit as a part of the financial proof, which is entirely a one-time expenditure for studying in Canada.

Pre-arrival cost of studying in Canada for Indian Students
Expenses Approximate Amount (in INR)*
IELTS/ TOEFL 15,500/14,700
Purchase of GIC 6.15 lakhs
University Application Fee (varies from university to university) 9,000 – 11,000 or more
Application for Study Permit 8,880
One way flight tickets 50,000 – 1,00,000
Health insurance 39,000 – 50,000 annually

*As per current exchange rates

Standardized Tests

Based on your choice of program, the university you apply to, and your degree, test scores on different standardized tests are required to study in Canada. These test scores make up for the eligibility of international students to study at a Canadian University.

Pre-arrival cost of studying in Canada for Indian Students
Standardized Tests Amount (USD)
SAT $104
ACT $ 155-$166.5
GMAT $275
GRE $150 -$213
CAEL $280

Canada Student Visa Fees

According to CIC, a study permit for Canada costs CA$ 150, which is roughly equivalent to INR 9,054 as per the current exchange rate. The Canada student visa fee doesn’t include value-added and service charges.

Visa type

Applicable fees (CAD)

Applicable fees (INR)
Study permit for Canada (including extensions) CAD$ 150 per person Rs. 9,054

Scholarship Options in Canada for Indian Students

Well, it’s not a secret that Canada is a little on the expensive side, but some ways to fix that, and one of the most popular ways is through scholarships. According to Statistics Canada, the average tuition fee in Canada for international students is CA$ 33,623 (UG), and scholarships can significantly cut down this amount.

When looking for scholarships, your first natural stop should be the official website of your chosen university itself. Next, list external scholarships you can get your hands on, including InternationalScholarships.com or FastWeb.com. Given below is a list of some of the top Canadian Scholarships that Indian students can apply to:

Scholarship

Type of Funding

Open for Indian Nationals

Programs
Education Future International Scholarship 2022 Partial Funding ✓ Bachelors and Masters
Boehringer Ingelheim Fonds PhD Fellowships 2022 Partial Funding ✓ Ph.D. (Biomedical Research)
University Of Westminster Undergraduate Distant Horizons Awards In the UK Partial Funding ✓ Bachelors
ASM Materials Education Foundation – Undergraduate Scholarships, 2022 Partial Funding ✓ Bachelors
Richard A. Freund International Scholarship Partial Funding ✓ Masters and PhD
Byron Hanke Fellowship 2022 Partial Funding ✓ Masters
Scotiabank International Partner Entrance Scholarships Partial Funding ✓ Bachelors, Diploma, Training & Short courses
JN Tata Endowment For The Higher Education Of Indians Partial Funding ✓ Masters, Ph.D., Post Doc
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GMAT Scores Needed for an MBA in the US

April 26, 2022 / / 0 Comments

USA is a dream destination of every MBA aspirant. The reasons are substantial – the country hosts the best b-schools, offers entrepreneurial opportunities, and has a high-paying job market. As a result, a large number of international students apply to the top US b-schools, but only a few get through.

What gives an edge to selected students over the ones who got rejected? What GMAT score is required for an MBA admission at the top business schools in the United States? In this blog, we will answer all these questions and many more.

GMAT-Scores-Needed1

US B-schools and universities consider several factors while shortlisting the applicants, test scores being one of the most critical factors. Standardized tests such as GMAT not only adds value to your MBA application, but a good GMAT score can even place you on top of the MBA admissions pile.

Before diving into required GMAT scores for MBA in the US, let us brush up on the scoring pattern.

In this blog:

1.    GMAT scoring pattern
2.    Required GMAT score for MBA in the US
3.    A good GMAT score for an MBA in the US

GMAT scoring pattern

GMAT or Graduate Management Aptitude Test is a standardized test used primarily by b-schools for admissions into management programs. The test is scored out of 800 marks and consists of four sections: Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, and Verbal Reasoning.

The composite GMAT score depends on one’s performance in these sections. The total score can range from 200 to 800 points in 10-point increments.

Learn about the GMAT 2022 Exam dates and fees in India.

Learn about the colleges in the USA accepting GMAT scores.

Have you taken the GMAT before?

Required GMAT score for MBA in the US

GMAT is essential for an MBA in the US. Not only do you get an admit to the top business schools, but also boosts your chances of getting a scholarship.

So how much should you score on your GMAT exam? It depends on the average GMAT scores required by the b-schools you are targeting. Other factors to consider while determining a good GMAT score include-

  • Average GMAT score of the last year’s incoming class
  • ROI on the GMAT score
  • Profile of the previous year’s incoming class
  • GMAT score required for the scholarships

Among the top b-schools in the US, Stanford Graduate School of Business has reported the highest GMAT score requirement. For the fall 2020 intake, Stanford GSB reported an average GMAT score of 733 for the full-time management course.

A good GMAT score for an MBA in the US

“According to an annual US News survey, some 122 ranked MBA programs disclosed that 609 is their average GMAT score for fall 2020.”

A 630+ on your GMAT is a good score, while a score between 700 and 740 is a great score and can increase your chances of getting admission into top b-schools. A score above 740 is an excellent score.

With Stanford in the first position, other business schools such as Wharton, Harvard, Booth, Kellogg, UC-Berkeley, MIT Sloan, etc., all have an average score of above 720 on the GMAT. Scoring high on your GMAT is not rocket science and can be easily achieved by practice, persistence, and proper guidance.

Is a top b-school possible with a low GPA?

Have you taken the GMAT before?

Below is a list of top business schools in the US and their average GMAT scores-

MBA in the US: Business School Name

Average GMAT Score* (Fall 2020)
Stanford University 733
Columbia University 732
UPenn (Wharton) 732
Harvard University 727
Northwestern University-Kellogg 727
UC-Berkeley (Haas) 727
University of Chicago (Booth) 724
New York University (Stern) 723
Dartmouth College (Tuck) 720
Yale University 720
University of Michigan-Ann Arbor 711

*Source – www.usnews.com

A high GMAT score opens several doors for you. It adds weightage to your university application, demonstrates your high academic caliber, and gives you an edge over other applicants.

Jamboree, with its simplified GMAT test preparation, has made it possible for several students to live their American dream. Whether you are a working professional or a student, we have GMAT courses tailored to suit your convenience, from online classes to private tutoring to live courses. Get in touch with our expert counselors and find the perfect program for you!

MBA Courses with the Highest GMAT Scores

April 25, 2022 / / 0 Comments

The GMAT scores are important for an MBA admission, but why? Several MBA admissions experts suggest that the GMAT score is an indicator of a candidate’s suitability for an MBA program. While B-schools assess the MBA applications holistically, a high GMAT score significantly improves admission odds and chances of securing a seat in top MBA programs.

Now comes the question: What is the required GMAT score for admission into top MBA courses? Let’s get an answer to this question in this blog.

Check out the MBA courses with the highest GMAT scores.

GMAT math preparation

GMAT or Graduate Management Aptitude Test is a standardized test used by b-schools for admissions into management programs and other MBA courses. GMAT has 800 marks and consists of four sections: Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, and Verbal Reasoning. The composite GMAT score depends on the performance in all these sections. As a leading test for admissions to business schools, the GMAT exam measures your academic readiness for the rigorous MBA courses.

In this blog:

1.    What GMAT score to aim for top MBA courses?
2.    GMAT Score Ranges for MBA Courses at Top B-Schools
3.    Why are the GMAT scores important for MBA courses?
4.    What are the GMAT scores for top MBA courses?

What GMAT score to aim for top MBA courses?

The GMAT exam score ranges from 200 to 800 marks. However, due to the high influx of applications every year, the top business schools like Harvard, Stanford, and the likes, select applications with a GMAT score of 700 and above.

Note: B-schools tend to get flexible with the GMAT scores for the students with extra-ordinary profiles.

Learn about the GMAT 2022 Exam dates and fees in India.

GMAT Score Ranges for MBA Courses at Top B-Schools

This table helps you determine the GMAT score you need to get into your dream school.

School Lowest GMAT Highest GMAT Average GMAT Location
Yale* 680 760 720 United States
Wharton 620 790 722 United States
Stanford 600 790 733 United States
MIT Sloan* 680 760 720 United States
London Business School 600 800 700 England
Kellogg 640 770 727 United States
INSEAD*^ 670 750 710 France
HEC Paris 580 760 690 France
Harvard^ 620 790 730 United States
Duke Fuqua*^ 660 740 700 United States
Dartmouth Tuck 590 780 720 United States
Columbia 580 780 726 United States
Chicago Booth 600 780 724 United States
CEIBS* 640 740 667 China

* = ranges based on middle 80%

^ = median rather than average GMAT

Source – BusinessBecause

Note: The scores mentioned above are only indicative, and you need to score well above the average GMAT score to increase your admission prospects. A good GMAT score for your target b-school will be at least 20 points higher than the average GMAT score of the previous year’s incoming class.

Know more about GMAT Test Prep!

Have you taken the GMAT before?

Why are the GMAT scores important for MBA courses?

The GMAT is a crucial aspect of your MBA application for several reasons. A few include:

  • For b-schools, your GMAT score reflects that you can handle the academic rigors of the MBA course.
  • A high GMAT score helps you offset low GPAs, increasing your admission chances.
  • B-schools are a costly affair, and a high GMAT score can increase your chances of getting a scholarship.
  • Employers in the top industries also factor in the GMAT scores at recruitment.

What are the GMAT scores for top MBA courses?

Top b-schools consider applicants with high GMAT scores for their MBA courses. For fall 2020 intake, the Stanford Graduate School of Business reported the highest average GMAT score at 733, which crossed the mark of 96th percentile. Stanford has been dominating the area with the highest average GMAT scores since 2016 and recorded an average score of 737 in that year.

The highest average GMAT scores of the ten MBA programs exceeded 710 (as reported by U.S. News), putting them above the 91 percentiles. Moreover, 724 was the average score among these ten institutions, sitting between 94 and 96 percentiles. The 2022 U.S. News Best Business Schools rankings place these ten MBA programs (with the highest GMAT scores) within the top 15 MBA programs.

Getting into one of the top MBA courses can be a life-altering experience. With scores as high as 790 on their GMAT, Jamboree students have found their way to top business schools. Book a free fifteen-minute session with our MBA experts and get started with your MBA journey.

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