Tag Archives: GMAT
November 30, 2016
Kaplan Test Prep’s 2016 business school admissions officers survey finds that 92 percent accept the GRE as an alternative to the GMAT, giving aspiring MBAs more flexibility than ever in deciding which exam to take …
Kaplan Test Prep’s 2016 business school admissions officers survey finds that 92 percent accept the GRE as an alternative to the GMAT, giving aspiring MBAs more flexibility than ever in deciding which exam to take to get in.
This all-time high percentage in Kaplan’s annual survey represents a huge jump from its 2009 survey — the first year Kaplan asked the question — when only 24 percent of business schools said they accepted GRE scores.
But despite increased acceptance of the GRE among business schools, there’s a point of consideration for MBA applicants who are considering this option: The GMAT might still give applicants an edge at some schools. Twenty-six percent of admissions officer say those who submit a GMAT score have an admissions advantage over those who submit a GRE score.
Only 2 percent say GRE takers have the advantage; the remaining 73 percent say neither exam taker has the advantage, essentially unchanged from Kaplan’s 2015 survey.
Business schools have contended that accepting the GRE as an alternative to the GMAT — long the only accepted admissions exam –widens the pool of applicants beyond students from ‘traditional’ MBA backgrounds like finance, banking or consulting.
Kaplan survey data supports this notion and finds that schools have been successful in this effort, with 61 percent saying offering the GRE option has resulted in the enrollment of more students from nontraditional backgrounds. The GRE has not, however, significantly contributed to business schools enrolling more female students (25 percent), students of color (24 percent), or low income students (16 percent).
It’s important to note, unrelated to the GRE, that the percentage of female students at top business schools has increased over the past several years and there are other efforts underway to increase the number of students of color; and the GRE alone isn’t the only reason business schools have enrolled more students from non-traditional MBA backgrounds.
“One reason acceptance of the GRE continues to grow seems to be because it generally broadens the application pool to include prospective students who might bring a different set of experiences and skills to business school and the business world, which is important as the economy continues to diversify. It’s also possible that business schools that don’t offer the GRE option may lose excellent prospective students to schools that do,” said Brian Carlidge, executive director of pre-business and pre-graduate programs, Kaplan Test Prep.
“We continue to stress to students to understand that some schools are still reluctant to give both tests equal cachet, even though they accept both exams. Our advice is to gather intel and ask admissions officers if their program has preference for one exam over the other.”
*The survey was conducted between August 2016 and October 2016 of admissions officers at 224 business schools in the United States. Among the 224 business schools are 18 of the top 50, as ranked by U.S. News & World Report.
June 26, 2015
If you haven’t yet taken the GMAT, or still need to send scores to your target schools, then this news from the Graduate Management Admission Council will be of great interest. Earlier this week, GMAC …
If you haven’t yet taken the GMAT, or still need to send scores to your target schools, then this news from the Graduate Management Admission Council will be of great interest. Earlier this week, GMAC announced it will make three changes in July designed to streamline and enhance the test-taking experience for applicants.
Going forward, any cancelled scores will not appear on the official score report. This means that when a test-taker cancels their score, only the test-taker will know. This feature will be applied retroactively to all previously cancelled test scores, which will be removed from all future score reports that are sent to schools. GMAC believes this move, supported by 85% of surveyed test-takers, will help deter any misinterpretations of cancelled scores in candidate profiles.
Candidates will also now be able to retake the GMAT exam after 16 days, rather than the current waiting period of 31 days. This allows candidates the flexibility to retake the exam within a shorter period of time in order to accommodate their schedules, study habits, peak performance times, and/or school deadlines. The max of five exam sittings within one 12-month period remains in effect.
Finally, test-takers will enjoy a streamlined authentication experience at the testing center with the elimination of a separate authentication code. Candidates will be able to view their Official Score Report online using their date of birth to authenticate their access.
These new features and options for test-takers are effective July 19, 2015.
May 12, 2015
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com Just about every MBA candidate needs to submit a GMAT or GRE score as part of their business school admission package, but not …
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
Just about every MBA candidate needs to submit a GMAT or GRE score as part of their business school admission package, but not everyone has a clear grasp on when and how the exam fits within the context of the whole application process.
In an ideal world, you would take the test just coming out of college, while you’re still in study and test mode as a recent student. Since both GMAT and GRE scores are valid for five years, getting the exams out of the way years in advance would free you to focus on all of the other elements of the application.
If, like most applicants, you didn’t have the foresight to take the exam right after college, the next best step is to plan your application strategy so that the GMAT is finished before you finalize your list of schools. Your score isn’t everything, but it is an important part of the admissions equation.
If you bomb the exam and can’t improve your score, you may need to reassess your target schools to include less-competitive options. Conversely, you may be able to add one more reach school if the score was higher than expected.
Round one of business school admissions is about four months away at many schools, and if you still need to take the GMAT, you have a lot of work ahead of you. Unless you’re a natural at taking standardized tests, you’ll need to train your brain to get it back into test-taking form.
Most applicants devote at least 100 hours to test preparation, and depending on where you are in the process, you may have to take a prep class and perhaps take the test more than once. If this is the case, the first round may not be a realistic option unless you’re able and prepared to completely immerse yourself in the process.
One client, Tasha, came to us just five weeks before the round she was targeting with some idea of her school choices and a GMAT score she wanted to improve. With her limited time she needed to schedule the GMAT for two weeks before her application deadlines. That meant she did not have the luxury of focused studying for the GMAT in all of her free time.
To help Tasha manage her time, we wrote down all of her tasks, including the number of essay iterations we expected her to go through, and then we worked backward from her deadlines to see how many days she had to work. Tasha then started alternating essay writing and GMAT study until the day she took the test.
This abbreviated yet methodical time management system worked for her, and Tasha was able to improve her GMAT by 30 points and submit a strong application to her three target schools. She ultimately gained admission to Stanford Graduate School of Business and Cornell’s Johnson Graduate School of Management.
Tasha’s strategy won’t work for everybody, but we see applicants pull off the impossible every season.
I typically advise clients to plan for two attempts at the GMAT, leaving a buffer for a retake if needed. There’s no harm in taking the test two or even three times, and unless you score really well right out of the gate, you often will do better the second time. This is because you’ll have fewer nerves, more familiarity with the process and no big surprises. There is no such thing as a bad test, just opportunities to build on and learn from.
Average scores are creeping higher every year at the top MBA programs, making it hard to offset a bad GMAT score. It truly is a level playing field, and I often cringe when I read essays where people try to rationalize a low score.
What you can do, however, is acknowledge the score and say you don’t find it truly reflective of your abilities. Then show why you are actually strong in quant or going to excel academically by pointing to your college GPA, work experience or by encouraging your recommenders to focus heavily on your intellect.
Timing and planning are key to reducing the stress of the application process. I generally encourage applicants to not cram everything into too short of a timeline, but everyone has their own style and you need to figure out what makes the most sense for you, your goals and your schedule.