Tag: GMAT Preparation

When and How to Prepare for The GMAT

When to Prepare for The GMAT

The GMAT as you might know, is one of the criteria students need to apply for an MBA program. This flexible standardized test can be attempted five times a year. While it may be tempting to schedule to the examination as per one’s professional and personal commitments, it is pertinent to remember that B-Schools require much more from applicants than just a suitable GMAT score.

As such admissions criteria would include completing an online application, providing reference letters from current and previous employers, essays and other documents as well. Most students will apply to as many as four or five B-Schools. This aspect complicates the process as many Colleges have overlapping deadlines. Since the purpose of attempting the GMAT is to get admission into a B-School, we must remember that the actual application will require just as much, if not more, effort than the GMAT.

With that in mind, remember to:

  1. Start early – study time can take several months and you will struggle when juggling all other aspects such as personal and professional commitments along with your applications and GMAT preparation.
  2. Give your best attempt the first time to avoid having to reschedule the exam.
  3. Focus completely on the purpose of the GMAT – avoid common pitfalls such as the excessive focus on grammar and avoiding AWA preparation until the last minute.
  4. Keep an eye out for college deadlines.
  5. Ensuring that you work on your college applications alongside so that you aren’t rushed at the last minute.

How to Prepare for The GMAT

While the “when” is simple, the “how” is not. Given today’s technological advancements, study methods have changed. While this may seem to simplify many aspects of our lives, it also tends to complicate. For instance, many students are overwhelmed with the amount of GMAT preparatory material online. One of the first mistakes students make is in thinking that “quantity” matters. So most will use various sources.

This is a misconception, as the GMAT tests your analytical and Math skills. Students fare better when they have a strong foundation and follow time-saving strategies. Hence, spending months completing practice test after practice test from several sources is a common pitfall. A smarter way to prepare for the GMAT is to religiously follow the syllabus set by GMAC and refer to books and examination material provided by the test-maker. Thereafter, if you have time, you can try additional sources.

However, remind yourself that questions from retired tests are never repeated and that your chances of getting higher scores are not dependent on how many times you practice the exam.

Here are some general tips:

  1. Dont write on books – for those of us still living in the dark ages, a pen and paper based study method works well. However the GMAT is computer-based, thus writing or highlighting important parts in books will cultivate unproductive habits. Following this study method will also render your books useless when you enter revision mode.
  2. Use official GMAC books – while it may be tempting to refer to many sources, the official GMAC material is designed to meet study requirements for all students – be it beginner, intermediate or advanced level.
  3. Not an exam of quantity – quality of preparation matters tremendously during the GMAT. Set your foundations straight, understand and practice time-saving techniques, and follow strategies to score higher in the Verbal and AWA sections of the exam.
  4. Follow a combination of classroom/ self-study for best results. We will be covering more about these study methods, their merits and demerits in a separate article.

Don’t forget to check out our article about maintaining your focus during the GMAT. This write-up will provide you with suitable advice – steps you should take as soon as you start your preparation to establish correct study habits and maximize your chances of scoring higher.

What Are Some Good Books for GMAT Preparation

Decided on taking the GMAT but confused about which preparatory books to use? Look no further! We have a comprehensive article that will help you decide.

The GMAT is a test of your analytical abilities and stamina. That being said, your preparation should focus on strengthening your foundation, adopting strategies for better time management and quicker correct answer identification, and ensuring you can maintain your focus for the entire 3.5 hour duration of the examination.

As per Jamboree’s experience, the best GMAT preparatory material will be the official GMAC books and tests.

Let’s explore why:

  1. The guide includes three books – The GMAT Review Guide, the GMAT Quantitative Review, and the GMAT Verbal Review. This bundle of books covers all sections of the GMAT exam thus allowing you to sharpen your math and reasoning skills.
  2. These books give basic information thus helping you establish a solid foundation.
  3. The books give retired test questions that will allow you to practice.
  4. Book purchase also gives students access to an online question bank, hence giving you experience with computer-based practice.
  5. Since these books come with detailed explanations you will get expert insight into why certain answers are correct or incorrect.
  6. They are written by the test maker and are hence, the most reliable and updated.
  7. Questions in these books are organized as per difficulty. This is a huge bonus as it will help you cut down on your preparatory time.

While a lot of students feel that exploring several books and attempting numerous practice tests will help in their preparation, it is important to remember that retired questions will never be repeated in the actual examination. The logic of quantity over quality of preparation will not help you score higher on the GMAT.

We hope this article has helped you understand how to maximize your GMAT preparation! If you have any further questions, please don’t hesitate to reach us at information@jamboreeindia.com.

Changes in the GMAT – How to tackle these changes (2018)

  • What are the changes to the GMAT exam (effective April 16, 2018)?
  • How do these changes affect examination takers?

Curious? Anxious?

Don’t worry! We’re here to explain the how and why of recent GMAT changes!

To begin with, it’s important to remember that all changes to the GMAT are designed and implemented keeping in mind one important factor – reduced stress for exam takers. Don’t believe us? Read on to find out more!

What changed?

For starters, on test day, candidates were expected to sit through a pre-test tutorial that would explain rules, and share details about breaks and other guidelines. Since nervous and anxious candidates often “rush” through the tutorial, they miss out on crucial information. GMAC now offers examination takers the luxury of reading through the tutorial at their convenience well before test day! That’s right. You can now watch the complete tutorial at Changes in the GMAT.

Worried that you’ll forget the instructions in the days preceding your exam? Don’t! GMAC offers a concise version of the tutorial on test day!

The GMAT is now a 3.5-hour test, as opposed to a 4-hour test. The shorter tutorial means that you will spend less time at the exam centre.

Does that mean you will have less time in which to complete the exam? Yes! But worry not, GMAC has also reduced the number of questions for Quantitative Reasoning and Verbal Reasoning!

Let’s take a detailed look, shall we?

Sections Old structure New structure
QR 37 questions in 75 minutes 31 questions in 62 minutes
VR 41 questions in 75 minutes 36 questions in 65 minutes

With the reduction in the number of questions per section, the average time for solving each problem remains the same!

What about IR, AWA and experimental questions?

We’re pleased to share that there are no changes to the IR and AWA sections! Experimental questions have not been removed either.

Will these changes affect the scoring/ marking pattern?

GMAC’s official stance is that these changes will not negatively impact students as the exam is shorter, less stressful and the scoring/ marking pattern remains the same.

What else has changed?

While the Reading Comprehension section remains the same, the Sentence Correction and Critical Reasoning sections have changed.  The Critical Reading section sees an increase in the number of questions by 1-2 and the Sentence Correction section sees a drastic reduction in questions; from 14-16 sentences to now a whopping 8-9 sentences!

How will this change impact your exam?

If you’re not careful, this change will result in a massive time management issue. The advocated former strategy was to save time in Sentence Correction and use that excess time in Reading Comprehension. With fewer sentences requiring correction, you might be tempted to spend more time on this section. Your new strategy should be to prepare adequately for the Reading Comprehension section and follow all strategies we teach in the classroom.

Your strategy for the Math section, however, remains the same as we teach concepts in the classroom which will allow you to attempt Data Sufficiency and problem solving related questions with higher speed and accuracy.

What can Jamboree offer you?

  1. As leaders in the GMAT preparation industry, we offer you exclusive insight gained from webinars with GMAC that will settle all your concerns about the new exam structure.
  2. The shorter GMAT test is now available at Jamboree. Since GMAC will only implement this change from 30th April 2018, by availing our services, you can practice using the new pattern earlier.
  3. Two of our students Divjot Khurana & Vidur Narang have already scored 700+ in the new GMAT.

For One-on-one query address, please reach us at support@jamboreeeducation.com

Does Your Workplace Have a GMAT Friendly Policy?

An overwhelming majority of those who give the GMAT do so while they are working at a full time job. A small minority choose to give the test while in college but, given that scores which are less than three years old are ideal, the test taker demographic skews towards those who are currently working.

 

The GMAT does not need years of dedicated preparation during which you do nothing else, but it does demand very concentrated, intense preparation in the lead up to the exam. Given that you also have professional commitments at the same time, it is very important that you are able to balance both, and give them your best.

Stanford-uni

Here are a few ways in which you can evaluate whether your workplace is GMAT friendly or not, and some information about what different companies do to ensure the welfare of those of their employees who might be interested in taking the test.

Is there a GMAT leave policy at your workplace?

Firms that skew younger in demographics, and have a core program of young professionals just out of their undergraduate degree often have a GMAT leave policy, where employees can take two weeks to a month off, upon submission of their GMAT date confirmation. This is, obviously, very helpful to facilitation of a final big preparation push.

It functions, psychologically, like study leave before examinations in school or college, and ensures that the candidate peaks at the right time.

To learn whether your firm has a GMAT leave policy, you can either look up the detailed policy or get in touch with someone from HR; given that it applies only to the small set of people who have not yet completed an MBA and are looking to apply soon, it may not be a part of normal leave related communication.

Is there an annual downtime when you can start your ramp up towards GMAT preparation?

Even though you might have paid leave to prepare for your GMAT in a few firms, there are many companies without this facility. In addition, even if you do have paid GMAT leave, you will need free time both before – for the initial phase of prep – and after, to complete your application; accumulated leave days will probably not be enough to cover both.

To get over this potential problem, it might make sense to schedule your test cleverly; choose a month when you are convinced that the quarter leading up to it is relatively free, from a work point of view.

Creating time for yourself to put in an hour or two of preparation per day, after work, will ensure that you do not have to rush at the end, and that you master every topic well in time.

Does your company sponsor MBAs for returning employees in part or in full?

In case there is no formal leave policy, and no real sustained downtime period when you can spend time on GMAT prep, you should look at how receptive they might be to requests for such a policy.

MBA-520x245

There are many signals that indicate openness to such policies. For example, if the company has a policy that they sponsor X% of the course fees for any employee who returns to the company post MBA (and works there for a minimum number of years), there is definitely intent to help people interested in this career choice. If you propose any policy that will benefit you at the time of preparation and application, you can talk about how it will benefit many like you in the years to come, and it should not be too hard to push it through.

Is your company sensitive to your heightened needs for preparation time close to your GMAT?

All these indicators, and many more, will tell you what you can do to set aside time for GMAT prep. However, it might be that there is either no existing policy, or that a spike in work in the short term cancels the chances of your being able to get a good chunk of time to prepare.

In such a situation, it would be very helpful to you if your colleagues and superiors knew that you had a big test coming up, recognized how important that test was for your career growth, and took every opportunity to redistribute work so that your preparation was not affected.

To evaluate the chances of this happening, talk to as many people as possible who have gone through the same routine – who have given the GMAT while in a role or company similar to yours. If most of them say that the company was sensitive to their needs, you should be good. If not, you should have conversations with trusted colleagues well ahead of time, to plan how you can carve out time well before the test.

The best companies see the GMAT as the first step in improving their human resource investment in you

Now that we have looked at different company policies that support those giving the GMAT, it’s time to categorize these companies. The best companies do not feel insecure that an MBA is necessarily meant for their best young talent to get a ‘better’ job. Rather, they look at it as an opportunity to have their best young talent go out and get formal management experience, and are secure that they will return, at a senior level, and bring global best practices to their organization.

You should strive to make your workplace like this; even if there are no formal policies to this effect, internal discussions well before you make the final decisions on test dates and application schools will serve to sow the seeds for a more friendly GMAT policy.

Many companies have no formal policy but are open to supporting those of their employees who are giving the GMAT

Finally, you will usually be able to optimize your preparation if you are in the right kind of workplace. It is in both parties’ interest if employees are happy, and concern and assistance in securing a good professional future is a big part of that.

A good indicator of whether your workplace could assist your efforts will come from initial conversations you have about your future plans, with your senior colleagues and mentors in the organization. If they show interest and offer help, carving out prep time will never be a problem, even in the absence of a formal policy.

Giving the GMAT can be both easy and rewarding, if you work with your company to understand and improve the policies that can impact your prep time. With this in depth guide, you will be able to evaluate the base policy in terms of how friendly it is, and maybe even achieve a modification once your colleagues understand how important this test is for your career.

There are many such ways to optimize your preparation and your preparation environment, so that you are able to give the GMAT in the best possible frame of mind, and maximize your score. To understand all these, we recommend that you work with the top coaching service: one which can unlock all your potential.
All the best!

How valuable will a top foreign MBA be in 30 years?

Today, the undoubted pinnacle of achievement in the leadership or the business world is a top global MBA. Year after year, tens of thousands of the brightest minds in the world take the GMAT, score well on the GMAT, create an application, and wait to make it to the top 50 schools, worldwide.

But will these degrees stand the test of time? Will they be as useful in the economy of the future as they are today? In case you decide to follow this path, will your long term success be assured? In 30 years, will the MBA still be the reigning degree for those who want to make it to the top, or will something new disrupt the playing field? Here are some facts that might help answer these questions:

Harvard business school

The best MBA schools in the world have been around a long time; they have already proven themselves for well above 30 years

The big MBA schools in the USA have been hugely prominent since the end of World War 2; they have outlasted financial crises, global upheavals, and societal changes. The GMAT has been the business education examination of choice for decades. If nothing has overtaken these institutions for so long, there is unlikely to be a tectonic shift suddenly.

It is very hard to think of a replacement for the MBA

Business Leadership will be a priority in higher education for the foreseeable future. The MBA degree has been designed specifically to provide every kind of business leaders with the tools for success, and the best B-Schools in the world have perfected this formula over decades. It will be very difficult to supplant the top global MBA, because the MBA will evolve to be better, all-round, than most competition.

Large alumni bodies ensure that MBA programs become self-sustaining institutions

Every important body of repute in the world has an alumnus of a top Business School globally; these form a nexus of influence that pervades the world we live in today. These networks ensure that MBA programs will retain their prestige and reputation as the sources of the best leadership talent that the world has to offer, and this, more than anything else, will ensure that they retain their position at the top, and that nothing is able to easily knock them from the enviable perch they occupy.

We assure you that a top degree from a Harvard Business School, an INSEAD or a London Business School will still be a valuable certificate in a century. Take your first step towards this honour with a decision that will benefit your GMAT preparation; this is the road to a 750+ score.

7 Tips for GMAT Preparation

Like all other entrance exams, the right way to kick start your GMAT preparation is by taking admission in any of the reputed GMAT coaching classes. If you are planning to do MBA, Master of Finance, Master of Accountancy etc., your GMAT score will help you to get admission in top rated management schools. GMAT papers include 4 sections like Analytical Writing Assessment, Integrated Reasoning, Quantitative and verbal. All the four sections are equally important and you need to score good marks in all of them in order to qualify GMAT. You need to keep these points in mind before starting your GMAT preparation:

Know the right time to start: The perfect time to start your GMAT preparation is during the degree final year. There is no point in starting GMAT classes at the earlier stages of your college days since you might not have any plans for higher studies at that time. If you put your maximum effort and hard work in studies, one year will be more than enough to crack GMAT.

Don’t make it early: It is better not to start your GMAT preparation during the first year of degree course because it may get clubbed with your university exam preparations and may ruin both of them.

Understand GMAT: It is better to understand everything about GMAT exam before taking admission for GMAT coaching. You should have a thorough understanding of the advantages of GMAT, its syllabus, pattern, eligibility etc., to avoid possible complications in the future.

Start from the basics: The candidate must learn all the basic concepts and fundamentals before starting the actual preparation. You may be familiar with these topics but again it is good to revise it well, in order to make yourself thorough with the concepts.

Move ahead with a timetable: Before you start your GMAT preparation, it is important to make a study timetable so that you can plan your lessons accordingly. While preparing the study plan, try to provide equal importance to all the subjects and make sure that you follow them strictly.

Keep some reference books: Make sure that there are enough reference books on your shelf so that you can begin your preparation without any worries. Reference books and materials are very important for GMAT preparation because it can provide you more shortcuts, easy methods and simple explanations for solving questions.

Concentrate on weak subjects: Some students may be excellent in Analytical Writing Assessment and average in Integrated Reasoning, those students need to dedicate more time for practicing reasoning questions. Moreover, you need to be very thorough with the Quantitative and Verbal sections as well.

This article is provided by UrbanPro.com, India’s No.1 Online Marketplace for connecting customers with professionals.

What is the GMAT? Why take it?

A standardized test, the Graduate Management Admission Test measures Verbal, Mathematical and Analytical skills. The test primarily intends to aid graduate schools of business assess the potential of the applicants for advanced study in business and management. Nearly 1000 management institutes all over the world require GMAT® scores from the applicants.

The GMAT® is different from most other examinations. The examination is entirely computer-based, and no two students get an identical set of questions. The test is scored on a maximum of 800. The GMAT® Score alone cannot guarantee admission into a school. The test is only one of the major factors taken into consideration in the long process of an applicant getting admitted into a Business School that he/she desires.

 GMAT test structure

What is the cost/registration fee for the GMAT®?

The registration fee for taking GMAT® is USD 250. After the test, the test takers are asked to submit the names of 5 B Schools that they would like to send their scores to. This facility is part of the USD 250 fee that is charged for the test.

How many times in a year is the GMAT® exam held?

GMAT® is offered usually on all working days in India (ie, Monday, Tuesday, Wednesday, Thursday and Friday). For more information, please visit www.mba.com

How many times can I take the GMAT®?

GMAT® can be taken unlimited number of times with a gap of a minimum of 31 16 calendar days between 2 tests. However, one can give the test only 5 times in a calendar year. (It is highly advisable not to appear for GMAT® too many times as it may affect the applicant’s candidature).

What is the validity of the GMAT® exam?

Your GMAT® score will be valid for 5 years after from the date the test was taken.

 How to prepare for the GMAT?

How do I register for the GMAT®?

You can register online or by phone or by mail. The detailed information about registering for the GMAT® can be found at www.mba.com