GMAT News
Stay up-to-date on news about and changes to the GMAT.
Clear Admit Releases 2013-2014 Guide to GMAT Prep Companies
If you are considering applying to MBA programs this fall, then Clear Admit’s free Guide to GMAT Preparation Companies is a must read! Today, we released an updated edition of the guide for the coming 2013-2014 admissions season.
Inside the guide, you’ll find objective and in-depth profiles of the major GMAT preparation companies in the U.S. and abroad. Every copy of the guide also contains a full page of coupons for reduced offers on test prep services. In addition to basic information about the exam, this comprehensive guide outlines the history, service offerings, costs, refund policies, instructor qualifications, course schedules, teaching approach, latest products and more of each profiled firm.
More Women Than Ever Take the GMAT
Graduate Management Admissions Test (GMAT) data from the Graduate Management Admissions Council (GMAC) reveals that women are embracing business school education as never before, a fact we thought makes a fitting close to March, Women’s History month.
A record number of women (122,843) took the GMAT in testing year 2012, representing a record share (43 percent) of exams taken, according to GMAC. Moreover, for the past 10 years the growth rate among women (4.3 percent) had been almost double that of men.
GMAC gathered these and other statistics as part of a special Women and Graduate Management Education Data-to-Go summary to commemorate International Women’s Day earlier this month. Citing its 2012 Application Trends Survey, GMAC noted that demand for specialized master’s programs is especially high among women, with each Master of Marketing/Communications and Master of Accounting programs showing a majority of women in their applicant mix (63 and 56 percent respectively).
Continue reading…
Makers of GMAT Unveil Revamped Free Test Prep Program
Test takers planning for the Graduate Management Admissions Test (GMAT) now have a newly enhanced free software program to help them prepare, direct from the makers of the test itself. The Graduate Management Admission Council (GMAC), which owns and administers the GMAT, this week released the latest version of GMATPrep, its free test prep program. Version 2.2 gives test takers new pacing tools and customization options to use as they review practice questions, GMAC announced.
“With two computer adaptive exams using retired test questions and the same technology as the actual exam, GMATPrep has always provided the most realistic experience for test takers to understand the question formats and practice pacing,” Andy Martelli, vice president of new product development for GMAC, said in a statement. “Now, GMATPrep v2.2 provides even more features to help test takers make the best use of their study time,” he added. Continue reading…
Exclusive GMAT Insights and Advice for MBA Hopefuls From Top GMAT Community Leaders
Each year thousands of individuals begin journeys that they hope will ultimately lead to an acceptance offer from top-tier business schools around the world, and for the majority of these applicants one of the first steps on the b-school path is studying for and taking the GMAT exam. With the 2012-2013 application season wrapping up, a whole new cohort of aspiring MBA students are beginning to get serious about their own school choices and application materials. Most schools won’t be releasing their updated application requirements until later in the summer, so one concrete element of their application that they can start working on now is properly preparing themselves for taking the exam. We sat down with the founders of the major online GMAT communities (Beat The GMAT and GMAT Club) as well as the Director of Academic Programs at leading GMAT test prep firm, Veritas Prep. These individuals have a combined wealth of experience to draw upon when providing helpful tips and insights to share with anyone contemplating an application to business school in 2013-14. In the article that follows, readers will have the opportunity to learn about common misconceptions many test takers have about the exam, successful approaches to creating a study schedule, specific tips that can help those who struggle with either the verbal or the quant sections, and valuable insights on how to approach retaking the test. We additionally have checked in with the official information provided by GMAC, the organization that creates and administers the GMAT exam.
Admission into Harvard Business School with a 570 GMAT Score? Clear Admit’s Graham Richmond Shares How It Might Happen
Harvard Business School (HBS), which publicly discloses the range of GMAT scores by enrolled students every year, got folks in the MBA admissions world talking when it revealed that a student with a score of 570 will be part of next year’s class. How could someone who scored 160 points below the class median on a test considered by many to forecast business school success possibly still get in? To HBS, of all places, where only 13 percent of the close to 9,000 eager applicants this year secured a spot?
PoetsandQuants (P&Q) posed the question to the HBS admissions staff, which declined to shed any light on the successful candidate. So P&Q then turned to MBA admissions consultants, Clear Admit’s Graham Richmond among them, to guess about just what might be going on in the offices of HBS MBA Dean of Admissions Dee Leopold. Continue reading…
GMAT Application Trend Reports Shows Record Number of Women, Especially Chinese, Taking Exam
More women took the Graduate Management Admission Test (GMAT) in the 2012 testing year than ever before: 122,843, representing 43 percent of total test takers, the Graduate Management Admission Council (GMAC) reported last month.
GMAC, which owns and administers the GMAT, released its annual World, Asian and Geographic Trend reports on February 27th, revealing several interesting findings about women who are taking the GMAT. The number of women taking the exam has exceeded the previous record for each of the past three years, and in testing year 2012 women made up the majority of test takers in China, Taiwan, Thailand, Vietnam and Russia. Continue reading…
Swarthmore College Produces World’s Highest-Scoring GMAT Test-Takers
Graduates from Philadelphia-area liberal arts school Swarthmore College score higher on the Graduate Management Admissions Test (GMAT) than those from any other school in the world, according to new research released earlier this week by Bloomberg BusinessWeek.
Bloomberg BW surveyed recent MBA graduates from 114 top business schools as part of its 2012 Best Business Schools ranking, asking both where they earned their undergraduate degrees and what they scored on the GMAT, the entrance exam required for admission to many leading graduate business programs. Swarthmore topped the list, with grads reporting an average GMAT score of 742.5 out of a possible 800. Following closely behind were graduates from the Indian Institutes of Technology and Harvard University, with average scores of 740.74 and 740.06, respectively, Bloomberg BW reports. Continue reading…
MBA Applicants Still Opt for GMAT Despite Business Schools’ Increased Acceptance of GRE
The majority of business schools now permit MBA applicants to submit scores from either the Graduate Record Exam (GRE) or the Graduate Management Admissions Test (GMAT), but few applicants are opting for the GRE, according to a recent survey by Kaplan Test Prep.
In its 2012 survey of business school admissions officers, Kaplan found that 69 percent of schools now accept either test. When Kaplan first began tracking the issue in 2009, only 24 percent of schools said they accepted the GRE. In a statement announcing the results, Kaplan attributed the increase in large part to campaigning by the GRE test administrator. Continue reading…
Business School Admissions Officers Uncertain Regarding New GMAT Integrated Reasoning Section, Survey Finds
As many current business school applicants prepare for the first time to submit GMAT scores that include the newly launched Integrated Reasoning (IR) section, business schools are expressing uncertainty about the ways in which the new section may or may not have improved the entrance exam, according to a recent survey conducted by Kaplan Test Prep.
Noting that it is too early to pass judgment on the new section, Kaplan this week released survey findings that suggest that business schools may not be as positive about the new section this year – now that it has launched – as they were in recent years when it was still in development. Continue reading…
Clear Admit Cofounder Tapped to Moderate Graduate Management Admissions Council Global Symposium Panel
The Graduate Management Admissions Council (GMAC), which owns and administers the GMAT exam and conducts wide-ranging research related to graduate management education, recently asked Clear Admit CEO and Cofounder Graham Richmond to moderate a panel as part of its Global Symposia, an annual event series in Europe and Asia designed to give global audiences of admissions professionals insight into current topics and trends in graduate management education.
This year’s GMAC European Conference, held last week in London, spotlighted student motivations and expectations as they relate to graduate management education – specifically with regard to studying in Europe during the current financial crisis. The session began with GMAC research about candidate motivations – what drives today’s applicants to pursue an MBA or related master’s degree, what their expectations are from the degree and who influences them over the course of the admissions process – presented by Michelle Sparkman-Renz, GMAC director of research communications, research and development. Continue reading…
Demand for Management Education Edges Up Despite Decreased Volume for Two-Year Programs in the U.S., GMAC Reports
Overall demand for graduate business and management programs around the world grew slightly last year, although two-thirds of two-year MBA programs in the United States reported declines in application volume, according to the most recent survey from the Graduate Management Admissions Council (GMAC), which owns the GMAT exam.
GMAC released the results of its 2012 Applications Trends Survey today, revealing increasing complexity in the global business school space. Fifty-one percent of programs overall — inclusive of MBA, master’s, and PhD programs — reported an increase in application volumes for their incoming class of 2012–2013 compared with last year. But different programs are appealing to different students in different parts of the world.
“There is greater demand that business schools today offer specialized and flexible programs to meet corporate and student needs,” GMAC President and CEO David Wilson said in a statement. “Worldwide, these diverse graduate management programs are drawing different kinds of students,” he continued, adding that technology has helped some schools meet increasingly varied demand, as has flexibility in delivery mode. “The message students and companies are sending is clear; one size does not necessarily fit all,” Wilson added. Continue reading…
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