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Online GMAT prep or offline, how do you study for it in 30 days to get a good score for admission in top business schools? Here's the GMAT strategy to use!
The Graduate Management Admission Test or GMAT is three-hours-thirty minutes standardized test. The GMAT score is used by business schools around the world to decide student admissions. In here, we’ll tackle the question of how to prepare for it with only thirty days in hand. Before beginning, we answer two often-asked queries: Is it better to take GMAT or GRE for MBA? and do business schools prefer GMAT over GRE?
The answer is clear. Over “7,000 programs at 2,300 universities” all over the world accept GMAT scores. In comparison, GRE is accepted by only a few, but this number includes top colleges like Harvard, Stanford, London Business School, INSEAD, and more. If the MBA colleges you’re interested in accept GRE and GMAT scores, then you can take any one of them. If they don’t accept GRE, GMAT is the obvious answer.
For an MBA aspirant, GMAT is the single most significant factor to admission and it begins with setting a score goal. For that, you need to know what makes a good score.
GMAT has four sections, and each with a separate score. Average GMAT scores for all test takers for the period of 2015-2017
There is a fifth combined Quantitative/Verbal score on a 200-800 scale. It is these scores colleges utilize when judging students. Anything above 700 is considered a good GMAT score. That said, the choice of an MBA college should determine what score you want to achieve.
Let’s say your goal is Harvard Business School. Its median score of the Class of 2020 is 730. Therefore, your target GMAT score has to be over 730 because that’s what an average student at Harvard will have. The rule applies to most top B-schools. If you want admission to one of them, then you have to aim higher than a good GMAT score.
Here’s a glimpse of GMAT scores and the range of top MBA colleges of the world (Class of 2020)
Picking up the Harvard example again, the section-wise scores of the Class of 2020 are:
To be in the top 10% of all GMAT takers, aim for a 51+ sub score in Quant and 40+ sub score in Verbal. Otherwise, a good score is generally in the range of:
The IR and AWA sections do not factor in the overall score, but that doesn’t mean you can ignore them. Ideal marks in these sections would be:
Graduate business colleges give the GMAT score the most weight when considering applicants. A poor score severely harms your chances of getting into a top MBA school.
With basics out of the way, we move to GMAT prep strategy. When you have only four weeks in hand, here’s how you prepare for the standardized test. Divide the month into three parts: 12 days, 12 days, and 6 days.
For professionals, two hours on working days and four hours otherwise are recommended study time. Put in an hour in the morning to revise concepts and an hour after work for solving real questions.
Constant practice is the key to cracking GMAT. Solve as many mock tests as possible, online and on paper.
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