Tag Archives: GMAC

GMAC Updates Free GMATPrep Software

GMAT test takers can now review their practice exam responses, gain insight into their pacing, and customize practice question sets in an updated version of GMATPrep software, the free test prep program from the Graduate …

GMAT test takers can now review their practice exam responses, gain insight into their pacing, and customize practice question sets in an updated version of GMATPrep software, the free test prep program from the Graduate Management Admission Council.

“With two computer adaptive exams using retired test questions and the same technology as the actual exam, GMATPrep has always provided the most realistic experience for test takers to understand the question formats and practice pacing,” says Andy Martelli, vice president of new product development for GMAC. “Now, GMATPrep v2.2 provides even more features to help test takers make the best use of their study time.”

Compatible with both Windows and Macintosh operating systems, the GMATPrep software includes a step-by-step guide to taking the exam, a comprehensive math review, and 90 questions with answer explanations.

GMATPrep was overhauled last year before the addition of the Integrated Reasoning section to the GMAT exam on June 5, to add Integrated Reasoning preparation; enable Macintosh compatibility; and introduce new features to help users customize their studying, track their progress, and extend GMATPrep through the purchase of additional retired test questions. GMATPrep v2.2 includes more features developed as the direct result of feedback from test takers and test prep companies.

In GMATPrep v2.2, users can:

  • Review responses to practice exams and practice question sessions
  • Pause a practice exam or question session
  • Gain insight into pacing with new timer tools, available when answering practice questions
  • Specify how many questions of each type and difficulty level they want to answer when they opt to create their own question set
  • Receive their IR percentile ranking
  • Have Reading Comprehension questions grouped by passage wherever possible
  • Be able to generate system information at the click of button should they require customer support

GMATPrep v2.2 is available for free download at mba.com/gmatprep. An additional question pack, with 404 questions and answer explanations usable within the GMATPrep program, is available for purchase at the mba.com/store.

While GMATPrep includes two full-length practice exams, GMAC will release a second add-on package later this year. Exam Pack 1 will feature additional computer adaptive practice GMAT exams with new questions and will be available for sale on mba.com.

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GMAC Reports Testing Trend Going Younger, More Global

A trio of student mobility trend reports issued yesterday by the Graduate Management Admission Council shows that graduate management education is becoming more global and diverse as applicants send GMAT scores to a range of …

A trio of student mobility trend reports issued yesterday by the Graduate Management Admission Council shows that graduate management education is becoming more global and diverse as applicants send GMAT scores to a range of programs around the world.

A record 286,529 GMAT exams were administered in testing year 2012 (ending June 30, 2012), with 831,337 score reports sent to MBA and other types of graduate management programs, according to the GMAC World Geographic Trend Report, which was released along with the European Geographic Trend Report and the Asian Geographic Trend Report.

The boost in test-taking partially reflects increased interest in the GMAT exam with the addition of the Integrated Reasoning section. Historically, test volume rises just before changes are made to a standardized exam as test takers opt for a familiar format at the transition.

GMAT testing trends

Within the latest numbers are signs of increasing diversity, GMAC reports these key trends:

  • GMAT testing outside of the United States continues to grow quickly, with tests taken by non-US citizens rising 19% from 2011 to 2012 and representing 59% of global GMAT volume.
  • More test takers are sending their GMAT scores to specialized master’s degrees in business, such as master of accountancy, finance and management. In 2012, 29% of all scores were sent to specialized masters programs, up from 17% in 2008.
  • The percentage of exams taken by women hit 43% in 2012””a record for the third straight year. Women made up the majority of test takers for citizen groups in China, Taiwan, Thailand, Vietnam, and Russia.
  • More younger people are taking the exam, as the percentage of tests taken by those younger than 25 was 47% in 2012, up from 38% in 2008. More than half the Asian and European citizens taking the GMAT exam were under 25.
  • GMAT testing in the United States picked up slightly in 2012 after falling from recessionary highs recorded in 2009. The percentage of US test takers sending their scores to US schools remains a world-leading 98%. The US remains the top score-sending destination, with 76% of score reports sent to the US.

Chinese test takers are the second-largest citizenship group after the US and represent 20% of global testing.  Their interest in specialized master’s programs has increased ”” from 43% of scores sent in 2008 to 64% in 2012. Meanwhile Indian citizens, the third-largest citizenship group, are sending a higher percentage of scores to programs in India, the United Kingdom, Singapore, France and Canada.

European citizens sat for 24,847 GMAT exams in 2012, up 26% from 2008, and they sent more than 60% of their scores to programs in Europe, the highest level ever. Citizens of Germany, France, Russia, Italy and the UK together sat for more than half the region’s exams in 2012.

The World, Asian, and European Geographic Trend Reports are available at gmac.com/geographictrends.

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GMAC Launches Online Assessment Tool for Soft Skills

The Graduate Management Admission Council announced the launch Wednesday of its newest product, “Reflect,” a self-administered online assessment and soft-skills development program. Soft skills are an important set of personal attributes that enhance one’s interactions, …

The Graduate Management Admission Council announced the launch Wednesday of its newest product, “Reflect,” a self-administered online assessment and soft-skills development program.

Soft skills are an important set of personal attributes that enhance one’s interactions, job performance and career prospects. GMAC worked with schools, corporate recruiters and experts in soft-skills development to identify 10 competencies essential to job and career success.

To build Reflect, GMAC partnered with Hogan Assessment Systems, a company that markets pre-employment personality tests, and combined the science of Hogan’s three flagship assessments into one product.

“What’s different about this test is that it’s been developed with the MBA student in mind,” Joe Fox, associate dean and director of the MBA program at Washington University in St. Louis’s Olin Business School, tells Bloomberg Businessweek.  Reflect costs $99.99 for three years.

Within 45 minutes of input, users have access to an online library of articles, book summaries, and videos with actionable development advice — based on their competency scores — from the industry’s best executive coaches. Users can also benchmark their scores against high performers in 14 job categories.

“Until now, there have been soft-skills assessments based on hard science for corporate, school or executive-coached programs or soft-science products for individual use. Reflect is a hard-science, data-driven product developed with the individual, schools and corporations in mind,” says Dave Wilson, president and CEO of GMAC.

Ryan Ross, vice president of Global Alliances at Hogan, is pleased to offer these personality assessments to those who will have the biggest impact on the future of organizations.  “Meaningful career development is no longer just for the executive suite,” Ross says.

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Brighter Job Market for 2013 MBAs

Uncertainty hangs above many of the world’s economies, but the job market for 2013 graduates, particularly those with graduate-level degrees, may be looking up, according to a survey of 201 employers conducted by the Graduate …

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Uncertainty hangs above many of the world’s economies, but the job market for 2013 graduates, particularly those with graduate-level degrees, may be looking up, according to a survey of 201 employers conducted by the Graduate Management Admission Council.

The 2012 Year-End Poll of Employers finds 76 percent of employers expect to hire new MBA graduates in 2013. Just 69 percent of them hired class of 2012 graduates. Of the employers planning to hire MBAs in 2013, 56 percent plan to offer starting base salaries that keep pace with inflation (43 percent) or exceed it (13 percent).

“Employers recognize that employees with graduate business degrees are a wise investment when times are uncertain and they need talent that not only bring skills but agility to meet the changing demands of these times,” says Dave Wilson, president and CEO of GMAC, which administers the GMAT exam for graduate management programs worldwide.

Hiring projections for experienced direct-from-industry hires (86 percent, up from 83 percent hired last year) and new bachelor’s recipients (78 percent, down from 80 percent last year) remained relatively stable. The poll also found that demand for new graduates with graduate degrees in other business fields is smaller but growing:

  • 43 percent plan to hire master in management graduates (up from 33 percent)
  • 40 percent intend to hire master of accounting graduates (up from 32 percent)
  • 39 percent expect to hire master of finance graduates (up from 32 percent)
  • 46 percent plans to hire other specialized master’s degrees in business (up from 34 percent)

The outlook for internships looks strong in 2013, as well. Some 85 percent of the employers polled plan to offer student internships in 2013, with 70 percent planning to use undergraduate interns and 65 percent planning to use MBA interns. Although fewer companies offer internships to other masters-level students, those that do are likely to offer as many or more internships in 2013 than they did in 2012.

The 2013 outlook follows a hiring year that went as well as or better than expected for most companies. Between 85 and 97 percent of companies that planned to hire across each candidate type in 2012 actually made the hires, and most companies hired as many or more employees than they planned for each candidate type.

The 13th annual Year-End Poll of Employers includes responses from 201 employers at 182 companies worldwide, including 45 Fortune 500 companies. The poll prefaces GMAC’s annual Corporate Recruiters Survey, a more comprehensive survey of employers worldwide released in conjunction with the Global Management Education Graduate Survey, a student exit survey, each May.

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GMAC Reports Historic Highs in GMAT Testing Volume

The Graduate Management Admission Council (GMAC), owner of the GMAT exam, has announced that last year was a record year for the exam. Volume for the 2012 testing year (July 1, 2011, to June 30, …

The Graduate Management Admission Council (GMAC), owner of the GMAT exam, has announced that last year was a record year for the exam. Volume for the 2012 testing year (July 1, 2011, to June 30, 2012) was up 11 percent from the prior year, and eight percent higher than the previous record of 265,613 in 2009.

A total of 286,529 GMAT exams were taken, with 831,337 score reports sent to 5,281 graduate business and management programs around the world ”” all historic highs, says GMAC.

The record volume partially reflects increased interest in the exam brought on by the addition of the Integrated Reasoning section on June 5, 2012. Historically, test volume rises just before changes are made to a standardized exam as test takers opt for a familiar format at the transition.

GMAT testing outside of the United States continues to grow quickly. Tests taken by non-US citizens rose 19 percent in 2012 and represented 59 percent of global GMAT volume.

Chinese test takers, the second-largest citizenship group after the US, represented 20 percent of global testing. In 2012, the number of exams taken by Chinese citizens increased 45 percent to 58,196 exams. Meanwhile, Indian citizens, the third-largest citizenship group, took 30,213 GMAT exams, a figure that increased 19 percent in 2012.

The percentage of exams taken by women hit 42.9 percent in 2012””a record for the third straight year.

“Today’s global students ”” who may be a citizen of one country, study in second and choose to work in a third ”” recognize the significance and the superiority of the GMAT exam in gaining admission to the best management programs around the world,” says David Wilson, GMAC president and CEO.

“Business and management skills are needed more than ever in an ever increasing variety of organizations. Business schools have responded by offering a deeper portfolio of programs to meet these diverse needs,” Wilson adds.

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GMAC Gears Up for Global Online MBA Fair

Looking for a way to learn about dozens of leading MBA programs from the comfort of your computer? Through the upcoming GMATCH virtual fair,  sponsored by the Graduate Management Admission Council (GMAC), prospective students can …

Looking for a way to learn about dozens of leading MBA programs from the comfort of your computer? Through the upcoming GMATCH virtual fair,  sponsored by the Graduate Management Admission Council (GMAC), prospective students can connect with admissions officials, ask questions of current students and alumni, and collect information about MBA programs in Asia, Europe and North America.

Set to run October 10th and 11th, 2012, the GMATCH fair will include the University of California-Berkeley Haas School of Business, the McCombs School of Business at the University of Texas at Austin, the Indian School of Business, the Tuck School of Business, UV Darden School of Business, Spain’s IESE Business School and EMLYON in France.

Established in 2010, GMATCH employs a rich graphical interface featuring virtual booths designed and run by each participating school. The online fair includes a multimedia auditorium with presentations on a variety of topics, such as choosing the best program and preparing for the GMAT exam. The GMATCH fair also has a lounge to facilitate networking with school staff and other prospective MBA students.

“The driving force behind GMATCH is our vision to provide students and institutions with tools that will help them thrive in today’s global, highly competitive economy,” says Pepe Carreras, GMAC vice president of marketing operations. “GMAC is pleased to host this high-tech event to bring together MBA programs and prospective students from around the world.”

Registration has begun for the GMATCH virtual fair, which will be open for six hours on each of the two days it occurs and is structured to allow people in different time zones to participate when it is most convenient for them. Students may register for the GMATCH fair by visiting www.mba.com/gmatch.

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