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GMAT: Preparation, Tips, and Strategy for Success

Nisha Devi

November 7, 2024

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The Graduate Management Admission Test (GMAT) is a pivotal exam for individuals aspiring to pursue an MBA or other graduate business programs. Whether you’re looking to improve your score or starting your GMAT preparation from scratch, this comprehensive guide will provide you with everything you need to know. In this blog, we will cover the key aspects of the GMAT, including preparation strategies, study materials, tips, and common mistakes to avoid. Additionally, we will break down each section of the exam to give you a better understanding of how to approach it.

What is the GMAT?

The Graduate Management Admission Test (GMAT) is a standardized exam used by business schools to assess a candidate’s readiness for graduate-level business programs, including MBA and Masters in Finance. The GMAT evaluates a candidate’s analytical reasoning, quantitative skills, verbal proficiency, and writing ability.

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Administered by the GMAC (Graduate Management Admission Council), the GMAT is a computer-adaptive test (CAT), meaning the difficulty level of questions adjusts based on your performance during the exam. The test is widely accepted by thousands of business schools around the world and plays a crucial role in the admissions process.

GMAT Exam Structure and Format

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Exam Features

The GMAT empowers you with a personalized testing experience through user-friendly features and adaptable score sending options.

Question Review & Edit
The Question Review & Edit tool enhances your control over your answers by allowing you to modify your responses later within each section. This feature enables you to spend less time on uncertain questions, as you can revisit and adjust your answers. Here’s how it functions:

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As you navigate through a section, you can bookmark questions for later review.
Once you’ve answered all questions in a section, you’ll advance to the Question Review & Edit screen for that section. Please note: If time runs out in the section, you will not access the Question Review & Edit screen and will automatically transition to your optional break screen or the next section (if you’ve already taken your break).
Each Question Review & Edit screen presents a numbered list of questions in that section, highlighting those you’ve bookmarked.
By clicking on a question number, you can jump directly to that specific question.
You have the flexibility to review as many questions as you wish and can edit up to three (3) answers.

Choose Your Section Order

You have the freedom to tackle the three sections in any sequence that suits you, creating a more tailored testing experience. Additionally, you can take a 10-minute break at your convenience, whether after the first section or the second. This flexibility allows you to align the exam with your preparation style, maximizing your chances to excel.

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Customizable Score Sending

After completing the exam, you can decide which schools will receive your complimentary score reports, giving you the advantage of knowing your results first. This way, you can concentrate on the test itself without the stress of immediate score distribution to schools.

Quick and Comprehensive Results

You will receive a detailed Official Score Report within 1-3 days* of finishing the exam, offering valuable insights into your performance, including:

• Breakdown of performance by section
• Analysis by program and school
• Evaluation by content domain (subject area), question type, and skills
• Insights on time management.

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GMAT Scoring System

Your GMAT score is calculated based on your performance in the Quantitative and Verbal sections. The AWA and IR sections are scored separately but are still important as business schools may review them individually.

Total Score Range:

• 200 to 800: The combined score of your Quantitative and Verbal sections.
• AWA Score Range: 0 to 6 (assessed based on the quality of your essay).
• IR Score Range: 1 to 8 (measuring your ability to interpret complex data).

Typically, a score above 650 is considered competitive, but each business school has its own criteria for admission.

Why is the GMAT Important for MBA Programs?

The GMAT is a critical factor in the admissions process for many business schools worldwide. Admissions committees use the GMAT score to assess a candidate’s potential for success in a graduate-level business program. Here’s why the GMAT matters:

• Predictive of Academic Success: The GMAT measures essential skills (quantitative, verbal, and reasoning) that are necessary for success in business school.
• Global Recognition: Accepted by over 7,000 programs worldwide, the GMAT is one of the most widely recognized and trusted exams for admissions.
• Holistic View of Candidates: Along with academic records and professional experience, your GMAT score helps provide a more well-rounded picture of your abilities and potential.
• Scholarship Opportunities: A high GMAT score can significantly improve your chances of receiving scholarships and financial aid.

How to Prepare for the GMAT

GMAT preparation requires a structured approach, as the test covers a wide range of skills. Follow these key strategies to maximize your preparation:

1. Understand the Exam Format and Content

• Familiarize yourself with the exam format, structure, and timing. This will help you manage time effectively during the actual exam.

2. Create a Study Schedule

• Plan your study sessions over the weeks or months leading up to your exam. Allocate time for each section and stick to your schedule.

3. Strengthen Your Weak Areas

• Take practice tests and identify areas where you need improvement. Focus your study efforts on these weaker areas.

4. Practice Regularly

• Regular practice with sample questions and full-length practice tests will improve your familiarity with the test’s adaptive nature.

5. Time Management

• Time yourself during practice sessions. The GMAT is a timed test, and managing time effectively is essential for success.