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Showing posts with label GMAT. Show all posts
Showing posts with label GMAT. Show all posts

Friday, December 5, 2014

GMAT - All you want to know 12-05

GMAT - All you want to know


GMAT*. For most it is synonymous with fear and dread, and yet the Graduate Management Admissions Test is nothing more than a standardized test, used by reputable business schools throughout the world to get an idea of how well a candidate is likely to perform in the classroom.



Over the next couple of weeks we’ll be running a short series on GMAT information and test-taking tips to help you on your way to a higher score.

So, what’s it all about?

The GMAT test comprises a total of 4 sections, two of which form the bulk of the test:
  •          Analytical writing
  •          Integrated Reasoning
  •          Quantitative section
  •          Verbal section

Two sections called Analytical writing and Integrated Reasoning, both of which take 30 minutes are done before the subsequent Quantitative and Verbal sections and give a separate score of 1-6 and 1-8 respectively. These scores do not influence the overall score out of 800, so are rarely taken into consideration by business schools.
The GMAT test comprises a Quantitative section made up of 37 questions to test quantitative analysis and logical reasoning, and an English Verbal section involving 41 questions based on reading comprehension, grammar and analytical writing. 75 minutes are allocated to both sections. The Maths in the Quant section is considered 11th Grade level, but calculators are not allowed.
The GMAT is a computer-adaptive test (CAT) meaning the level of difficulty of the next question depends on how you perform in the previous question so your score depends on the level of difficulty of the questions you answer and the percentage of questions you answer correctly. It’s important to spend time on the first few questions in particular to allow a higher score.  All answers are final so you can’t have second thoughts.
Few candidates score over 700 so it’s comforting to know that you can re-sit the test 31 days later if necessary. However, at $250 a time, it’s best to revise hard before attempting a first go! While all reputable MBA programmes require a GMAT score in their application pack, schools use this score in different ways. An engineer or scientist with a logical/analytical mind will probably do better than a creative profile so measure the time needed for revision and plan accordingly. Test centres are few and far between so it’s best to book a test date early  and work towards it with a revision schedule.
Why do the GMAT?

While there is a lot of debate into how relevant the GMAT is in an MBA programme, the EDHEC Global MBA admissions service is firm that no waivers should be granted. “The GMAT is an excellent warm up exercise for an MBA programme,” explains Nikki Harle, Global MBA Admissions Manager. “It puts candidates back into a test taking situation, obliges them to face the constraints of revision and generally reminds them of what it’s like to be a student again. Sure, it doesn’t test leadership skills or tell us how well the candidate will perform in some of the more creative classes, but these are elements that are tested elsewhere. The GMAT puts everyone on the same level and gives the selection committee an idea of who is willing to accept rules or who is ready to put in extra effort. Schools offering GMAT waivers tend to have lower admissions standards so while this might seem attractive, candidates should consider what this probably means in terms of the quality of the rest of their peers. Besides, our scholarship policy  encourages candidates to perform well on GMAT and invites the possibility to retake in order to benefit from a scholarship upgrade.”

Tuesday, September 16, 2014

GMAT scores at top 50 US Schools


Average GMAT Scores At Top 50 U.S. Schools



The average GMAT scores of entering MBA classes at the top business schools often tell you more about the institutions than the applicants. How so? Because schools with stable or increasing GMATs are generally re-investing in their MBA programs, while schools with declining GMAT scores are more often than not milking the cow.

Interestingly enough, a new study by Poets&Quants of average GMAT scores shows that the competition at the top is more severe than ever. Some 19 of the top 25 U.S. schools are reporting higher GMATs over the past five years, with just five programs reporting a decline in average scores. It’s a different picture in the second half of the Top 50 list where more schools have shown a decline than an increase: 13 out of 25 are down, while nine are up.
Call it grade inflation or just plain GMAT creep. But most of the truly elite full-time MBA programs have seen ever-increasing scores for their latest entering classes. In the last five years, for example, Harvard Business School’s average GMAT is up eight points to 727, Stanford is up six to 732, highest for any U.S. business school, and the University of Chicago’s Booth School of Business is up nine points to a record 723 for the entering class in 2013.
VANDERBILT LEADS ALL TOP 50 SCHOOLS WITH HIGHEST GMAT SCORE INCREASES
Then, there are what you might call the more status conscious climbers. Vanderbilt University’s Owen School has increased its average GMAT score by 35 points to 688 in the past five years, the single biggest jump among the Top 50 schools. The University of Illinois at Urbana-Champagn has also posed some impressive gains: a 27-point increase to 661. Michigan State’s Broad School has upped its game with a 15-point rise to 655.
Gains like these don’t happen by accident. They occur because of a concerted effort by leadership to boost the school’s standing. Sadly, the reverse is true when GMAT scores go the other way. Double-digit declines, in particular, are a bright red sign that a school is losing the competitive fight for the best and the brightest. It’s also a sure bet that a school is not investing in its MBA program, but rather milking it for revenue to fund other parts of the university.

Top 50 Schools With Biggest Increases in Average GMAT Scores


SchoolFive-Year Change2013 Average GMAT2009 Average GMAT
Vanderbilt (Owen)+35688653
Illinois-Urbana-Champagn+27661634
Michigan State (Broad)+15655640
Wisconsin+13676663
Washington University (Olin)+10696686
Texas-Austin (McCombs)+9690681
Iowa (Tippie)+9671662
Chicago (Booth)+9723714
Harvard Business School+8727719
Rice (Jones)+8676668

Average GMAT Scores At Top 50 U.S. Schools

by John A. Byrne on 
When GMAT scores go up, it’s often because the school is probably handing out increased amounts of scholarship aid to get the best students. When GMAT scores go down, it’s often because a school is falling behind its rivals, lacks leadership focus, and is in decline.
PURDUE’S KRANNERT SCHOOL HAS SEEN THE BIGGEST DECLINE IN GMAT SCORES IN TOP 50
The single biggest signs of trouble–based on GMAT score declines in the past five years–show up at Purdue University’s Krannert School, which has suffered a 36-point plunge in average scores, the highest of any Top 50 business school. Wake Forest University’s Babcock School has had a 26-point drop, while UC-Irvine’s Merage School has reported a 21-point decline.
It may not be an accident that all three University of California business schools in the Top 50 experienced plunging average GMAT scores over the past five years when the state’s budget crisis has led to significant cuts in higher education. UC-Berkeley’s Haas School had a drop of four points, while UCLA’s Anderson School saw a five-point fall. Those are fairly minor declines compared to the 11-point drops at both the University of Washington’s Foster School and Ohio State University’s Fisher School.
So when you peruse the numbers, don’t look at the average scores as a hurdle for you to overcome. Turn the tables and look at the trend lines that show which schools are re-investing in their futures and which ones are merely milking the cow. You don’t want to sign up for an MBA degree at a school that isn’t investing in itself or its future.

Top 50 Schools With Biggest Decreases in Average GMAT Scores


SchoolFive-Year Change2013 Average GMAT2009 Average GMAT
Purdue (Krannert)-36607643
Wake Forest (Babcock)-26632658
UC-Irvine (Merage)-21654675
University of Washington (Foster)-11670681
Ohio State (Fisher)-11666677
Cornell (Johnson)-9691700
Penn State (Smeal)-7645652
Brigham Young (Marriott)-7665672

Average GMAT Scores for the Top 50 Business Schools in the U.S.


P&Q Rank & School2013 GMAT2012 GMAT2011 GMAT2010 GMAT2009 GMAT5-Year Trend
   1. Harvard Business School727724724724719+8
   2. Stanford GSB732729730728726+6
   3. Chicago (Booth)723720719715714+9
   4. UPenn (Wharton)725718718718718+7
   5. Northwestern (Kellogg)713708712714706+7
   6. MIT (Sloan)713710710718711+2
   7. Columbia716715716712713+3
   8. Dartmouth (Tuck)718717718716712+6
   9. Duke (Fuqua)694690689697687+7
 10. UC-Berkeley (Haas)714715715718718-4
 11. Cornell (Johnson)691694691687700-9
 12. Michigan (Ross)704703703704701+3
 13. Virginia (Darden)706703701699701+5
 14. UCLA (Anderson)706704704710711-5
 15. New York (Stern)721720719715717+4
 16. Carnegie Mellon (Tepper)691693686694687+4
 17. Yale714717719722715-1
 18. UNC (Kenan-Flagler)683692689686677+6
 19. Texas-Austin (McCombs)690692692684681+9
 20. Indiana (Kelley)664664670664664——
 21. Emory (Goizueta)681677681680676+5
 22. Georgetown (McDonnough)688683686684685+3
 23. Washington (Olin)696698696695686+10
 24. Washington (Foster)670670675681681-11
 25. Vanderbilt (Owen)688682695673653+35

Average GMAT Scores for the Top 50 Business Schools in the U.S.


P&Q Rank & School2013 GMAT2012 GMAT2011 GMAT2010 GMAT2009 GMAT5-Year Trend
26. Ohio State (Fisher)666668674676677-11
27. Rice (Jones)676673673672668+8
28. USC (Marshall)686690687690690-4
29. Maryland (Smith)654656661670658-4
30. Wisconsin676675680675663+13
31. Georgia Tech (Scheller)678678674678684-6
32. Notre Dame (Mendoza)690687692685683+7
33. Penn State (Smeal)645643650650652-7
34. Texas A&M (Mays)648649647646652-4
35. Iowa (Tippie)671665666657662+9
36. Minnesota (Carlson)686692686694683+3
37. Rochester (Simon)680680675677682-2
38. Michigan State (Broad)655641638636640+15
39. SMU (Cox)650639NANA656-6
40. Boston University682680684681680+2
41. Purdue (Krannert)607643635654643-36
42. Arizona State (Carey)673676674672673——
43. Brigham Young (Marriott)665672670675672-7
44. Illinois-Urbana-Champagn661650650641634+27
45. Boston College666666656662663+3
46. Wake Forest (Babcock)632648651653658-26
47. UC-Irvine (Merage)654657663673675-21
48. Florida (Hough)681695678694685-4
49. Georgia (Terry)645637NANANANA
50. George Washington644632NANANANA