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© 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Understanding and Preparing for the GMAT ® Exam.

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Presentation on theme: "© 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Understanding and Preparing for the GMAT ® Exam."— Presentation transcript:

1 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Understanding and Preparing for the GMAT ® Exam

2 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT is Used by Quality Graduate Management Programs Worldwide Created by management schools for management schools to be their exam Most widely accepted entrance exam by graduate management programs worldwide 5,900+ programs 2,000+ schools 90+ countries 96% 89% 77% % of Schools Using the GMAT 100%

3 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Multiple Program Types at Management Schools Accept the GMAT exam MBA Full-Time, One Year Full-Time, Two Year Part-Time/Working Professional Executive Online/Flex Dual/Joint Degree MBA / Public Policy MBA / Law MBA / Medicine Plus, many more… Doctoral Specialized Masters Accounting Business Analytics Economics Entrepreneurship Finance Health Administration Human Resources Information Technology International Business Management Marketing Public Policy Management Real Estate Supply Chain Management Plus, many more…

4 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. The GMAT Exam Why it works, How it’s used, How it’s structured

5 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. The GMAT Works for Schools and Students Reliable, Objective, and Strong Predictor of Academic Success For 60 years the GMAT exam has been the leader in business school and management program admissions because it works:  As a predictor of academic success  As a means to stand out in a talented applicant pool  As a means of helping candidates find the right program

6 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT is a Strong Predictor of Academic Success GMAT Total + AWA + IR + UGPA + Other ? Predicted Mid- Program GPA Applicant

7 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT is Part of a Balanced Admissions Process GMAT Exam Value to Admissions Academic potential Compare across all applicants Value to Applicants Opportunity to stand out Opportunity to compensate Opens doors (admission, scholarships, etc.) Confidence Preparation for school Admissions Process Assesses Other Important Skills Leadership skills and potential Team skills Motivation, creativity, emotional intelligence, interpersonal skills Job skills Business knowledge Subject-specific knowledge Spoken English

8 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT Structure 30 minutes 75 minutes Approx. 4 Hours Approx. 4 Hours Break Total Score:

9 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT Measures Higher Order Thinking Skills Analysis, synthesis, and evaluation Ability to explore the complexities of an argument and formulate a constructive critique based on a specific line of thinking Analytical Writing Ability to convert data from multiple sources and different formats into relevant information to solve problems Integrated Reasoning Ability to reason quantitatively, solve quantitative problems and interpret data Quantitative Reasoning Ability to draw inferences from written materials, critically evaluate arguments, and correct written material Verbal Reasoning

10 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT Measures Skills Used in School Analytical Writing Analysis of an Argument Analytical Writing Analysis of an Argument Integrated Reasoning Multi-Source Reasoning Table Analysis Graphics Interpretation Two-Part Analysis Integrated Reasoning Multi-Source Reasoning Table Analysis Graphics Interpretation Two-Part Analysis Quantitative Reasoning Problem-Solving Data-Sufficiency Quantitative Reasoning Problem-Solving Data-Sufficiency Verbal Reasoning Reading Comprehension Critical Reasoning Sentence Correction Verbal Reasoning Reading Comprehension Critical Reasoning Sentence Correction Management Students are Expected to: Analyze arguments Take an informed position Write clearly and effectively Integrate different pieces of information to identify interrelations, make inferences, and draw conclusions Evaluate a wide-range of data Determine critical and sufficient data Synthesize reading Evaluate arguments Formulate actions and trade-offs and make decision Management Students are Expected to: Analyze arguments Take an informed position Write clearly and effectively Integrate different pieces of information to identify interrelations, make inferences, and draw conclusions Evaluate a wide-range of data Determine critical and sufficient data Synthesize reading Evaluate arguments Formulate actions and trade-offs and make decision

11 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. The GMAT is a Computer Adaptive Test (CAT) Starts with a middle difficulty item Correct response = harder item Incorrect response = easier item An easier item may = content change One question at a time Cannot skip or go back Every item counts in scoring Adaptive testing is More accurate More efficient More secure A better testing experience

12 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT is a Computer Adaptive Test (CAT) E asy Question Hard Low Score High First Question Last           45

13 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Registration, Testing, & Test Preparation

14 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Register at mba.com or gmat.com You cannot register at the test center Secure testing 550+ test centers 110+ countries GMAT Registration and Testing

15 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Cost $250 USD Includes sending results to five (5) programs FREE Candidates can retest once a month, up to five times in 12 months Twenty percent take the GMAT more than once with an average 30-point gain GMAT Costs and Retesting

16 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT Preparation – How Much Time? Depends on: Your discipline to study and your study environment Your comfort with the subject matter and item types Your need for a GMAT preparation program SOURCE: mba.com Prospective Students

17 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Get Ready with the Experts in Your Corner

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20 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. How You Might Structure Your Prep

21 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT Testing Centers Check In Valid ID Document reader Signature Digital photo Palm Vein recognition Use of a locker

22 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. GMAT Testing Centers Testing Individual testing stations Proctored Use of a note board Video Choose score recipients Score-cancelling option Unofficial Score Report Official Score Report sent within 20 days

23 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. A Little Advice Register Early: 30 – 60 days before you need to take the exam Prepare: Helps you do well on the test, in school, and beyond Take it and Bank it: Scores are valid for five years Download GMATPrep: It’s free! Don’t Rule a School Out: Based on your test score Believe: In yourself, not the myths

24 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. A Few GMAT Myths 1.Only the first 10 count 2.Easy = doing badly 3.Advance math needed 4.Accuracy vs. finishing 5.Need a super high score

25 © 2013 Graduate Management Admission Council® (GMAC®) All rights reserved. Thank You! The GMAT Exam Your Best First Step Towards a Career with Impact mba.com gmat.com


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