Category Archives: GMAT

GMAT vs GRE 3

Every major U.S. business college now accepts both the GRE and the GMAT.  There are still a few exceptions (at the time of writing this article, BYU and the full-time Haas MBA programe not accepting GRE scores) but those are exceptions.

According to a 2012 survey conducted by Kaplan, only 16% of MBA applicants have even considered using the GRE for their MBA applications, and far fewer have actually applied to business schools with a GRE score.  As a result, MBA programs really aren’t able to give us a clear idea of the average GRE scores for its admitted students, since so few admits actually take the GRE.

Are business schools willing to accept GRE takers as Students?

Few people at ETS have created a nifty GRE-GMAT score converter if you’re using the pre-2011 GRE scoring system, a 700 on the GMAT would have been roughly equivalent to a GRE composite score between 1400 and 1450, depending on the exact breakdown of your quant and verbal scores.  If you’re using the new GRE scoring system (on a wildly inconvenient scale from 260 to 340), you’ll need to score somewhere between 323 and 328 to earn the equivalent of a 700 on the GMAT.

The trouble is, it’s not clear whether MBA admissions committees put much faith in the score converter. Everybody in the MBA world knows how to interpret GMAT scores, but some educational institutes not  100% comfortable selecting MBA students based on GRE scores, even with the score converter.  GRE simply doesn’t have that sort of track record in the MBA world.

And that makes perfect sense, considering the lack of data on MBA applicants, students, and graduates who have taken the GRE.  Decades of GMAT validity studies tell us that the GMAT is an excellent predictor of MBA students’ performance during their first year of business.

Why GRE attracting students?

GMAT is tough and GRE is much easier and attractive as comprarison to GMAT.GRE dosnt have data sufficiency and sentence correction section.Instead it have gramer vocabulary and quntative comparisons related questions.
In GRE you can traverse back and change your previous answers.

GRE is cheaper then GMAT.

The bigger problem is that the GRE is unlikely to offer you any particular advantage over the GMAT. Both the test are almost similar but if you still believe that you’ll do better on GRE than on the GMAT, then there’s no reason to hesitate.

What are the differences between the two tests?  Although I think that most people will score similarly on the two tests.

The GRE includes two 30-minute writing assessments, instead of the GMAT’s combo meal of one AWA and one 30-minute Integrated Reasoning exercise.

On the quant side, the GRE lacks the data sufficiency that all GMAT test-takers (*cough*) dearly love; instead, the GRE includes a less-tricky question type called quantitative comparisons.
The GRE also includes some numeric entry questions that require you to come up with an actual number yourself.  And the GRE also gives you data analysis questions, which aren’t terribly common on the quant section of the GMAT.  So if you hate data sufficiency and love data analysis, you might be happier taking the GRE.

The GRE also offers a simple on-screen calculator, but I’d argue that it really doesn’t help all that much—the numbers are rarely cumbersome on either exam, especially if you’re well-trained in the art of finding intelligent quant shortcuts.

On the verbal sections, the differences between the GRE and the GMAT are substantial.  Both exams include some sort of reading comprehension and critical reasoning questions, but the GRE has no sentence correction questions.  Instead, you’ll face some vocabulary-heavy text completion and sentence equivalence questions.  So if you have a strong vocabulary and hate GMAT sentence correction, then maybe the GRE is for you.

Structurally, there are also some major differences between the GMAT and the GRE.  The GRE has several shorter sections and only one extended break, roughly two hours into the test.  I would argue that the GRE feels like running wind sprints:

The GMAT, of course, includes one 75-minute quant section and one 75-minute verbal section.  The total amount of test-taking pain is similar, but the heart of the GMAT consists of two long, painful marathons, instead of a set of shorter sprints.

And now for the most important difference between the two tests:  the GMAT is question-level adaptive, while the GRE is section-level adaptive.  If you get a few consecutive questions correct on the GMAT, you’re likely to see tougher questions almost immediately.  But the GRE only “adapts” between sections.  If you do really well on the first quant section, then your second quant section will be extremely difficult.

In some ways, that’s absolutely wonderful:  on the GRE, each 20-question section is “fixed” once you start the section, which means that you can go back and review the questions that you’ve already completed within that section.

GRE is now section-level adaptive, not question-level adaptive.  That means that you can flag questions within any given section, and come back to them later. The GRE even includes a handy little review screen, so that you can see exactly which questions you’ve flagged or skipped.

GRE starts with two 30-minute essays, followed by one non-threatening quant section and one fairly straightforward verbal section.  Then you take a 10-minute break.

GRE is preferred if you are better at vocabulary than grammar.
GRE is preferred if you are comfortable with statistics and algebra and geometry

If these two characteristics apply to you, then maybe the GRE is worth a look.  After all, almost every major MBA program now accepts the GRE. If you’re not convinced that you’ll perform substantially better on the GRE, then stick with the GMAT.

Rise in GMAT score for indian students

The average GMAT score of Indians has been consistently increasing in last five years.In year 2007 -2008 average GMAT score of Indians was 568,but in 2008-2009 average GMAT score was 565.That was a big fall.It might be due to recession.In the next three years average GMAT score for Indian students was 578, 581 and 582 respectively.

Average GMAT score for other countries was as below last year

  • Belgium: 597
  • Argentina: 595
  • Australia: 598
  • Hungary: 585
  • South Korea: 586
  • Britain: 587
  • USA : 533
  • India: 582
  • China: 588

China is again competing with india at average score of 588 in 2011-12.The number of GMAT takers is far less as compared to India for example hungry

GMAT vs GRE 2

GRE or GMAT?

Educational Testing Service (ETS) commented last week that more than 1,000 plus business schools worldwide now accept MBA applicants’ scores from the Graduate Record Exam (GRE) instead of the GMAT.It further ignites the war between the GMAt and GRE.

Both GMAT and GRE have their fans.GRE have more female fan following so colleges which are looking for female students can allow the GRE.GMAT is still hot favorite for the students which plan for MBA.Reason behind it is colleges still prefer GMAT scores as its structure is better for business needs.where ever students which are opting for other courses like master of finance etc can opt for GRE.

There are few good colleges which accept GRE scores now including the University of North Carolina at Chapel Hill, Indiana University, Arizona State University, the University of Massachusetts Amherst, Pepperdine University, and George Washington University.

GMAT costs $260, while the GRE is $175.

The GMAT assesses test takers in Verbal, Quantitative and Analytical Writing and Integrated Reasoning sections, while the GRE tests in three main areas, including Analytical Thinking, Quantitative Reasoning and Verbal Reasoning.

Students are opting for GMAT or GRE just based on their initial impression.Students should select the colleges first and inquire that colleges they are targeting accept GMAT or GRE scores then they should choose the exam.

Global MBA Rankings 2012

Global MBA Rankings 2012

 

Rank in 2012 Rank in 2011 Rank in 2010 3 year average rank School name Country
           
1 4 4 3 Stanford Graduate School of Business US
           
2 3 3 3 Harvard Business School US
           
3 1 2 2 University of Pennsylvania: Wharton US
           
4 1 1 2 London Business School UK
           
5 7 6 6 Columbia Business School US
           
6 4 5 5 Insead France / Singapore
           
7 9 8 8 MIT: Sloan US
           
8 8 6 7 IE Business School Spain
           
9 9 11 10 Iese Business School Spain
           
10 6 9 8 Hong Kong UST Business School China
           
11 11 Indian Institute of Management, Ahmedabad India
           
12 12 9 11 University of Chicago: Booth US
           
13 14 15 14 IMD Switzerland
           
14 25 28 22 University of California at Berkeley: Haas US
           
15 20 20 18 Duke University: Fuqua US
           
16 21 22 20 Northwestern University: Kellogg US
           
17 15 13 15 New York University: Stern US
           
18 18 18 18 HEC Paris France
           
19 18 13 17 Dartmouth College: Tuck US
           
20 13 12 15 Indian School of Business India
           
20 15 16 17 Yale School of Management US
           
20 27 16 21 University of Oxford: Saïd UK
           
23 23 National University of Singapore Business School Singapore
           
24 17 22 21 Ceibs China
           
24 30 36 30 Cornell University: Johnson US
           
26 26 21 24 University of Cambridge: Judge UK
           
27 58 42 42 Warwick Business School UK
           
28 28 CUHK Business School China
           
29 24 28 27 University of Michigan: Ross US
           
30 36 25 30 Rotterdam School of Management, Erasmus University Netherlands
           
31 29 40 33 Manchester Business School UK
           
32 31 33 32 UCLA: Anderson US
           
33 21 19 24 Esade Business School Spain
           
34 33 27 31 Nanyang Business School Singapore
           
35 41 34 37 Carnegie Mellon: Tepper US
           
36 34 26 32 Cranfield School of Management UK
           
37 University of Hong Kong China
           
38 41 31 37 University of Virginia: Darden US
           
38 32 41 37 City University: Cass UK
           
40 38 34 37 Emory University: Goizueta US
           
41 35 36 37 Australian School of Business (AGSM) Australia
           
42 28 38 36 SDA Bocconi Italy
           
43 38 38 40 Georgetown University: McDonough US
           
44 46 45 45 University of Toronto: Rotman Canada
           
45 44 44 44 Rice University: Jones US
           
46 37 32 38 Imperial College Business School UK
           
46 53 63 54 Melbourne Business School Australia
           
46 73 57 59 Indiana University: Kelley US
           
49 59 Pennsylvania State University: Smeal US
           
49 52 48 50 University of Rochester: Simon US
           
51 65 Coppead Brazil
           
51 44 54 50 Texas A & M University: Mays US
           
51 49 52 51 University of Texas at Austin: McCombs US
           
54 Peking University: Guanghua China
           
54 60 89 68 University of Cape Town GSB South Africa
           
56 62 46 55 University of North Carolina:Kenan-Flagler US
           
57 46 52 52 University of Illinois atUrbana-Champaign US
           
58 40 43 47 University of Maryland: Smith US
           
59 49 54 54 York University: Schulich Canada
           
59 74 54 62 Purdue University: Krannert US
           
61 49 Washington University: Olin US
           
61 51 57 56 Vanderbilt University: Owen US
           
61 64 57 61 University of Southern California: Marshall US
           
61 57 95 71 McGill University: Desautels Canada
           
65 61 94 73 Hult International Business School US / UK / UAE / China
           
66 Sungkyunkwan University SKK GSB South Korea
           
66 72 67 68 Ohio State University: Fisher US
           
68 46 49 54 University of Western Ontario: Ivey Canada
           
69 74 47 63 Boston College: Carroll US
           
70 55 87 71 Vlerick Leuven Gent Management School Belgium
           
71 41 24 45 Lancaster University Management School UK
           
72 75 University of Minnesota: Carlson US
           
73 86 78 79 University of Washington: Foster US
           
74 97 Georgia Institute of Technology: Scheller US
           
74 63 67 68 Wisconsin School of Business US
           
76 77 Incae Business School Costa Rica
           
77 65 Michigan State University: Broad US
           
77 68 61 69 Boston University School of Management US
           
79 57 George Washington University US
           
80 78 79 79 Wake Forest University: Babcock US
           
81 53 72 69 University of California at Irvine: Merage US
           
82 80 82 81 University of British Columbia: Sauder Canada
           
83 University of Pittsburgh: Katz US
           
83 88 89 87 University of Edinburgh Business School UK
           
85 80 71 79 University of Notre Dame: Mendoza US
           
86 Northeastern University US
           
86 68 75 76 Birmingham Business School UK
           
86 78 98 87 University College Dublin: Smurfit Ireland
           
89 68 67 75 Thunderbird School of Global Management US
           
90 64 64 73 University of Iowa: Tippie US
           
91 73 Aston Business School UK
           
91 68 S P Jain School of Global Management Dubai / Singapore
           
93 University of St Gallen Switzerland
           
94 55 74 74 Durham Business School UK
           
95 80 67 81 University of South Carolina: Moore US
           
95 64 93 84 Ipade Mexico
           
95 90 89 91 Bradford University School of Management UK
           
98 91 83 91 Brigham Young University: Marriott US
           
98 88 96 94 SMU: Cox US
           
100 84 99 94 Babson College: Olin US
           

Gmat is changing on 5th june 2012… Are you ready?

Today’s business world is rich in data and information. To succeed in business, one needs to analyze information from a variety of resources, and develop strategies and make decision based on that information. It is Integrated Reasoning and it’s very important to learn for a business executive.

Beginning from June 5, 2012, the GMAT exam will measure student’s ability to solve problems of Integrated Reasoning.

The new Integrated Reasoning section of the GMAT exam will contain 12 questions.

Section Format

This section will be multiple choice section.
The 30-minute Integrated Reasoning section will consist of 12 questions in four new formats.

4 types of questions will be part of integrated reasoning.

Graphics Interpretation: Interpret the graph or graphical image and select the option from a drop-down list to make the answer statements accurate.Need to analyze graphs.

Two-Part Analysis: Select one answer from each column to solve a problem with a two-part solution. Possible answers will be presented in a table with a column for each part.

Table Analysis: Sort the table to organize the data so you can determine whether certain conditions are met. Each question will have statements with opposing answers (e.g., yes/no, true/false, inferable/not inferable); select one answer for each statement.

Multi-Source Reasoning: Click on the page to reveal different data and discern which data you need to answer the question.

 

New GMAT FORMAT

GMAT exam will be of same time as 3 hours 30 Minutes as past.

Just analytical reasoning section will be now only 30 minutes which was of 60 minutes in past.

New integrated reasoning section will take 30 minutes of analytical reasoning section.

 

 

GMAT Participants in india are reducing…

GMAT is loosing in India the most popular exams of management students – the Graduate Management Admission Test (GMAT) – is loosing its space India with 25,394 students sitting for the exam in 2011, while Chinese students are looking forward for this exam now with 40,069 candidates in the same year.

GMAT has been favorite ticket to a US college, a career and a green card, GMAT seems to have lost some of its appeal in India, where 30,633 applicants took the test in 2009. While the numbers are dropping in India, management hopefuls surged in China recording a 200% jump from 13,048 in 2007.

 

In 2007, India was ahead with 21,481 applicants. The numbers went up marginally over the next two years and have been sliding since then. This, when more applicants in the 25-30 age group are opting for the exam, according to the Asian Geographical Trend Report for GMAT examinees, collated and analyzed by the Graduate Management Admission Council that conducts the test. The percentage of those younger than 25 among Chinese applicants rose from 48% in 2007 to 77% in 2011. For India, that figure was 34% last year, down from 36% in 2007.

 

Reason for this can be better colleges opening in India as well as better job opportunities surging all over India.Where as in china situation is same or worst.As well as GRE and TOEFL are big challenge for GMAT

New GMAT from JUNE 2012

Most probably starting from June 2012, the GMAT pattern will change

1. Length of GMAT test would be same. The total time of the test will remain same which is 3 ½ hours, so the total time it takes to sit the GMAT will remain constant. No worries for banging your head on screen for more time.

2. Section for verbal and Quantitative would be same. Those sections will contain the same content and be scored exactly as they are now. The total score will be the same, so older preparation materials for GMAT will still be applicable.

3. New section of integrated reasoning will not be adaptive. The Verbal and Quantitative will remain adaptive, but this new section will not adjust difficulty level based on your ability. You will still need to answer all of the questions, and take each question one at a time. You won’t be able to skip around within this section.

4. New types of questions included. There will be 4 new types of questions as Table Analysis, Graphics Interpretation, Multi-Source Reasoning, and Two-Part Analysis. While there isn’t a lot of information yet available on these new questions, you can see examples here: http://www.mba.com/the-gmat/nex-gen/new-questions.aspx

5. Number of essays will decrease by one. The new Integrated Reasoning section will replace one of the AWA essays, so you will only have to write 1 essay instead of 2. The essay will take 30 minutes instead of 1 hour, and the Integrated Reasoning will take 30 minutes.

All this would happen if world doesn’t end before June 2012 🙂

GMAT vs GRE

In the past, many students who were applying to master of business administration (MBA) degree programs had to take the Graduate Management Admission Test, or GMAT, in order to be accepted.A majority of top business schools in the United States now allow applicants to submit GRE scores as an alternative to the GMAT, a survey found.

A majority of the schools have accepted the GRE, which traditionally has been used only for admission to non-MBA graduate programs.

The motivation behind business schools accepting the GRE, generally, is to broaden the playing field of who’s applying to programs.

it’s a common pattern for students who don’t consider business school during their undergraduate years to end up there a few years later. For someone who is thinking of pursuing a master’s degree but who isn’t sure about his or her particular course of study, the GRE now is a more flexible option.

Everyone who applies to UF’s traditional full-time MBA program still must submit a GMAT score.

Applicants to the part-time working professional MBA program could submit a GRE score instead of a GMAT score only if they have completed a medical doctor degree, a doctor of pharmacy degree, a doctorate degree or a master’s degree for which the applicant took the GRE in the last five years. This option has been in effect for the last two admission cycles.

A recent survey by Kaplan Test Prep, which has been tracking the pattern starting from 2009, found that this has been changed. This year, 52% of top business schools say they accept GRE scores instead of GMAT results, according to a press release. About 34% of these institutions said they believe other schools will most likely begin to accept GRE scores by the 2012-2013 academic year.

Australian MBAs

Now almost every university — and many private colleges — offers an MBA in one way or another. Even the Australian Catholic University has one.

There are online MBAs, executive MBAs and MBAs done in conjunction with a juris doctor. There are MBAs that specialize in technology, although Third Degree wonders how these can be classed as MBAs. Isn’t an MBA supposed to be a generalist management degree?

MBAs also bring in money. They range in price from $27,000 at the Australian Catholic University to $64,000 at the Melbourne Business School.

There is no guarantee for quality in most of the courses.

If you read about MBAs offered in this country, you’ll find that some are marketed as ‘‘short’’. The ACU MBA can be done in one year. Students study in ‘‘intensive’’ mode, meaning that each of the 12 units is taught over two weekends. That’s two days for each subject over 24 weekends.

The Melbourne Business School’s MBA requires that students do 20 subjects over 16 to 20 months.

Some MBAs — such as those at Southern Cross and Deakin universities — can be done online. Yet doing an MBA over the internet doesn’t make sense, given that a large component of the course is supposed to get students to network.
Most Australian MBAs do not require students to do the GMAT.

Then there is the question of accreditation. The Association of MBAs, a US professional association, accredits MBA programs in almost 70 countries. Three Australian universities have the accreditation for their MBAs – Monash, Curtin and Queensland University of Technology.

Most Australian MBAs do not require students to do the GMAT.

Business schools also have different work requirements for prospective students. Some require that students have at least two years’ work experience and good marks in their undergraduate degree.

Some MBAs, however, are geared to new graduates, who have ‘‘limited work experience’’. That’s why RMIT divides its MBA into standard and executive options.

English requirements for international students also vary. Monash University’s new MBA requires a minimum score of 7 in the International English Language Testing System. At other universities, such as Victoria and New England, it is 6.5.

Third Degree has previously pointed out that the IELTS guide suggests that a score of 7.5 is acceptable for a linguistically demanding academic course. Surely an MBA falls into this category.

GMAT changing june 2012

GMAT rolling out changes in test pattern by June 2012

The analytical writing segment going to be 30 minutes in length and only include one essay – analysis of an argument.

The new version of the GMAT will include an integrated reasoning section. The integrated reasoning section will include 12-15 questions and will not be computer adaptive like the rest of the test.Question types will include multi-source reasoning, table analysis, two-part analysis, and graphics interpretation
This new section will be 30 minutes in length and will be taken either right before or right after the analytical writing segment.The integrated reasoning section will initially have its own score – the score will NOT be factored into the total score that is comprised of the verbal and quantitative sections.

If you are taking the test before next June, you don’t need to worry about this.

 

Starting from August 2011, the GRE pattern is changing. While the fundamentals of preparations remain the same to an extent, the question types are undergoing several changes and will be becoming more reasoning based and based upon real life scenarios.

From June 2012, GMAT will also include a new section on Integrated Reasoning, which will test real life business decision making skills.

GRE and GMAT are just one part of the application process.

While a good score in the test is definitely an advantage, your profile, statement of purposes, application essays, letters of recommendations etc. are other key factors that can help you secure admission to your dream university.

A thorough research about the universities that best fits your requirement and skill set needs to be done while applying to the universities.

Since applying to each and every university might not be a judicious option considering the time and money involved, it is recommended to classify universities into three broad sets while applying — dream universities, realistic options and safe options. Once you secure admit into your desired school, you need to make best use of the opportunity available in terms of interaction with the faculty, peer group and industry. Being in an international school usually ensures that the exposures you get is quite varied and have ample opportunity to learn. Those kinds of exposures are often helpful in getting career opportunities with global organizations across the world. With this experience, you can usually choose the kind of career path you want.