Tag 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.

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.

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.

GMAT Exercise

Quest. 1. Critical Reasoning

In the India, of the people who moved from one state to another when they retired, the percentage who retired to Delhi has decreased by three percentage points over the past ten years. Since many local businesses in delhi cater to retirees, this decline is likely to have a noticeably negative economic effect on these businesses.

Which of the following, if true, most seriously weakens the argument?

A. Delhi attracts more people who move from one state to another when they retire than does any other state.

B. The number of people who move out of Delhi to accept employment in other states has increased over the past ten years.

C. There are far more local businesses in delhithat cater to tourists than there are local businesses that cater to retirees.

D. The total number of people who retired and moved to another state for their retirement has increased significantly over the past ten years.

E. The number of people who left delhiwhen they retired to live in another state was greater last year than it was ten years ago.

Answer to 1.

The question is asking for an answer choice that weakens the author’s conclusion that the decline in the percentage of retirees moving to delhi will have a negative economic effect on businesses that cater to retirees. The author arrived at such a conclusion because of his assumption that a decline in percentage points should be interpreted as a decline in actual number of retirees. The author is implicitly making an assumption that the number of retirees did not change during this period. However, the passage does not give any information on the change in the number of retirees over the past ten years. The answer choice that weakens the author’s conclusion will be one that tests author’s assumptions.

Therefore, the correct answer is (D) that the total number of retirees increased significantly, which means that although retirees moving to delhi declined percentage wise, the actual number of retirees could be higher than ten years ago. And since there are more retirees moving to delhi, businesses catering to them will not be negatively affected.

Quest 2. Sentence Correction: correct the underlined part

Native UK burial sites dating back 5,000 years indicate that the residents of at that time were part of a widespread culture of Algonquian-speaking people.

(a) were part of a widespread culture of Algonquian-speaking people

(b) had been part of a widespread culture of people who were Algonquian-speaking

(c) were people who were part of a widespread culture that was Algonquian-speaking

(d) had been people who were part of a widespread culture that was Algonquian-speaking

(e) were a people which had been part of a widespread, Algonquian-speaking culture

Answer to 2.

1) Because the main clause is using the verb (indicate) of present tense, the verb (had been) of past perfect tense can’t be used in the subordinate clause.

2) Connected with the subject “the residents,” the additional expression “people” cause redundancy.
3) In terms of a logical meaning, the adjective phrase “Algonquian-speaking” should modify “people,” not “culture.”

Quest 3. Problem Solving

At a certain food stand, the price of each Orange is $40 and the price of each orange is $60. Mary selects a total of 10 Oranges and oranges from the food stand, and the average (arithmetic mean) price of the 10 pieces of fruit is $56. How many oranges must Mary put back so that the average price of the pieces of fruit that she keeps is $52?

A. 1 B. 2 C. 3 D. 4 E. 5

Answer to 3.

Let the number of Oranges=x, the number oforanges=y: 40x+60y=560, x+y=10 > x=2, y=8, But since Mary must put back oranges (z)

40*2+60*(8-z)=52*(10-z), z=5, therefore the correct answer is E.

Quest 4. Data Sufficiency

Professor einstien gave a quiz to two classes. Was the range of scores for the first class equal to the range of scores for the second class?

(1) In each class, the number of students taking the quiz was 26, and the lowest score in each class was 70.

(2) In each class, the average (arithmetic mean) score on the quiz was 85.

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

D. EACH statement ALONE is sufficient.

E. Statements (1) and (2) TOGETHER are NOT sufficient.

Answer to 4.
Because range = Max – min and the number of sets is 2 and the number of variables is 4, therefore the correct answer is E.

GMAT test dates

The GMAT is given year round during working days. You can take the test at any time.

Admission deadlines for graduate management programs vary, so check with the schools you’re interested in attending to make sure your GMAT exam appointment is early enough to allow your scores to be reported before the schools’ application deadline. Available time slots at test centers change continuously based on capacity and ongoing registration. You will find out which times are available at your chosen test center when you register.

Schedule your appointment early, so scores can be reported before your application deadline.

Global MBA Rankings 2011

Global MBA Rankings 2011

Current rank 3 year average rank School name Country Weighted salary (US$) Salary percentage increase
1 1 London Business School U.K. 145776 132
1 1 University of Pennsylvania: Wharton U.S.A. 171551 123
3 3 Harvard Business School U.S.A. 170238 116
4 5 Insead France / Singapore 147883 108
4 5 Stanford University GSB U.S.A. 183260 115
6 10 Hong Kong UST Business School China 133334 142
7 6 Columbia Business School U.S.A. 163407 117
8 7 IE Business School Spain 149584 136
9 11 Iese Business School Spain 131890 138
9 9 MIT Sloan School of Management U.S.A. 158387 121
11 Indian Institute of Management, Ahmedabad (IIMA) India 174440 152
12 11 University of Chicago: Booth U.S.A 151373 109
13 13 Indian School of Business India 134406 187
14 14 IMD Switzerland 145846 89
15 13 New York University: Stern U.S.A. 138865 119
15 17 Yale School of Management U.S.A. 146959 133
17 16 Ceibs China 126315 155
18 15 Dartmouth College: Tuck U.S.A. 155020 113
18 22 HEC Paris France 122828 106
20 21 Duke University: Fuqua U.S.A. 136563 107
21 19 Esade Business School Spain 125346 128
21 21 Northwestern University: Kellogg U.S.A. 143365 100
23 National University of Singapore School of Business Singapore 100456 140
24 25 University of Michigan: Ross U.S.A. 137189 104
25 28 University of California at Berkeley: Haas U.S.A. 144790 87
26 21 University of Cambridge: Judge U.K. 137199 101
27 21 University of Oxford: Saïd U.K. 132905 102
28 35 SDA Bocconi Italy 110186 123
29 34 Manchester Business School U.K. 116100 111
30 33 Cornell University: Johnson U.S.A. 140273 107
31 31 UCLA: Anderson U.S.A. 137726 106
32 38 City University: Cass U.K. 124006 90
33 28 Nanyang Business School Singapore 104952 121
34 32 Cranfield School of Management U.K. 132059 89
35 34 Australian School of Business: AGSM Australia 123520 99
36 29 Rotterdam School of Management, Erasmus University Netherlands 107969 91
37 36 Imperial College Business School U.K. 115563 92
38 32 Emory University: Goizueta U.S.A. 120835 105
38 39 Georgetown University: McDonough U.S.A. 127539 108
40 42 University of Maryland: Smith U.S.A. 110931 105
41 42 Carnegie Mellon: Tepper U.S.A. 127078 100
41 31 Lancaster University Management School U.K. 110526 95
41 33 University of Virginia: Darden U.S.A. 130788 102
44 47 Rice University: Jones U.S.A. 117812 104
44 52 Texas A & M University: Mays U.S.A. 108435 116
46 51 University of Illinois at Urbana-Champaign U.S.A. 102947 121
46 46 University of Toronto: Rotman Canada 98760 87
46 47 University of Western Ontario: Ivey Canada 104327 97
49 50 University of Texas at Austin: McCombs U.S.A. 119298 93
49 51 York University: Schulich Canada 87849 94
51 55 Vanderbilt University: Owen U.S.A. 115194 105
52 49 University of Rochester: Simon U.S.A. 111226 110
53 56 Melbourne Business School Australia 111621 77
53 66 University of California at Irvine: Merage U.S.A. 101495 113
55 70 Durham Business School U.K. 101181 89
55 72 Vlerick Leuven Gent Management School Belgium 105484 87
57 McGill University: Desautels Canada 92937 97
58 46 Warwick Business School U.K. 109311 66
59 Pennsylvania State University: Smeal U.S.A. 110085 88
60 73 University of Cape Town GSB South Africa 140896 76
61 84 Hult International Business School U.S.A. / U.K. / U.A.E. / China 107079 87
62 51 University of North Carolina: Kenan-Flagler U.S.A. 114650 88
63 75 Wisconsin School of Business U.S.A. 106523 100
64 76 Arizona State University: Carey U.S.A. 98862 96
64 Ipade Mexico 96729 139
64 64 University of Iowa: Tippie U.S.A. 92658 119
64 60 University of Southern California: Marshall U.S.A. 116448 86
68 75 Birmingham Business School U.K. 97119 87
68 62 Boston University School of Management U.S.A. 104796 99
68 SP Jain Center of Management Dubai / Singapore 81512 106
68 67 Thunderbird School of Global Management U.S.A. 102984 98
72 73 Ohio State University: Fisher U.S.A. 100191 95
73 63 Indiana University: Kelley U.S.A. 112676 86
74 70 Boston College: Carroll U.S.A. 111114 83
74 69 Purdue University: Krannert U.S.A. 100252 94
74 55 University of Strathclyde Business School U.K. 103801 87
77 Incae Business School Costa Rica 89212 106
78 92 University College Dublin: Smurfit Ireland 105354 72
78 81 Wake Forest University: Babcock U.S.A. 108520 110
80 78 University of British Columbia: Sauder Canada 88894 72
80 76 University of Notre Dame: Mendoza U.S.A. 107914 101
80 71 University of South Carolina: Moore U.S.A. 91297 93
83 University of California: Davis U.S.A. 100875 93
84 91 Babson College: Olin U.S.A. 113392 85
84 Eada Spain 90881 86
86 College of William and Mary: Mason U.S.A. 98238 102
86 77 University of Washington Business School: Foster U.S.A. 107118 73
88 85 SMU: Cox U.S.A. 103150 89
88 90 University of Edinburgh Business School U.K. 102068 64
90 89 Bradford School of Management/TiasNimbas Business School U.K. / Netherlands / Germany 84274 81
91 89 Brigham Young University: Marriott U.S.A. 99557 102
92 Pepperdine University: Graziadio U.S.A. 100000 103
93 University of Georgia: Terry U.S.A. 101750 82
94 Leeds University Business School U.K. 95498 70
94 78 University of Florida: Hough U.S.A. 93317 85
96 Politecnico di Milano School of Management Italy 74184 94
97 Georgia Institute of Technology U.S.A. 105000 60
98 IAE Business School Argentina 72797 82
99 Kaist College of Business South Korea 98927 74
100 EM Lyon Business School France 89246 53