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Designing a GMAT Test Prep Schedule

Designing a solid GMAT test prep schedule is essential to success on the exam. Most test takers plan to spend three to six months studying for the GMAT, but this is dependent on your personal study habits. All test prep schedules should consist of individual study time, GMAT courses, and taking online practice exams. The GMAT tests verbal, mathematical, and analytical writing skills, similar skill sets to the ones you studied when you were preparing for the SAT in high school. Yet this time around, the material will likely be more challenging and the test format will be significantly different.
One critical factor in deciding how long to study for the GMAT is how long you can devote to studying each day. For people who have full time jobs or are in school full time, it is best to set aside specific hours each day to fit study time into a busy schedule. In these cases, a six month GMAT test prep schedule is likely to be best. For people who can devote larger amounts of time to study, three to four months may be enough. Enrolling in a GMAT course is often a good way to stay motivated and be sure that you stay on track during your test prep.

The quantitative and verbal sections of the GMAT are given in a computer adaptive format. This means that you will be provided one question at a time on a computer. After answering the first question, the computer will generate another. The difficultly level will depend on how well you score on previous questions. This format is likely different from anything test takers have faced before. For this reason, starting practice tests early in your test prep, or at least two months before the exam, will help you become familiar with the format. There are 37 quantitative questions and 41 verbal questions on the GMAT. Practice exams will also help you learn to pace yourself as you work through each section of the exam.

The analytical writing section of the GMAT contains two parts: an analysis of an issue essay and an analysis of an argument essay. Test takers are permitted 30 minutes to complete each essay. Reading sample essay prompts and practicing writing a solid essay within the time constraint will help you prepare for test day. There is no single correct answer to either writing sections. Piecing together a coherent analysis is more important than having prior knowledge of the topic.

By sticking to a test prep schedule, GMAT test takers can ensure that they are prepared for the test and familiar with the format. By this point in their academic career, they will benefit from a strong knowledge base and a high degree of self-awareness about their skills and study habits.

GMAT To Include Integrated Reasoning Section Starting June 2012

The Graduate Management Admission Council (GMAC) recently announced changes to the Graduate Management Admission Test (GMAT) that are set to take effect June 4, 2012. The test, called Next Generation GMAT, will include an integrated reasoning section. The goal of this new section is to provide insight into how the test taker will perform in today’s information-filled business environment.

The integrated reasoning section will evaluate the test taker’s ability to evaluate and synthesize information from multiple sources. These sources may include graphs, charts, and spreadsheets. Test takers will also be asked to evaluate trade-offs, interpret visual data representations, and determine probability and statistics. While question types are still in testing, the GMAC predicts that some questions will have multiple parts and more than one correct answer. They have not yet decided whether partial credit will be an option on these questions.

For the past four years, the GMAC has conducted surveys of business school faculties in order to evaluate the current test and pinpoint improvements that could be made to the test for the future. The integrated reasoning section is the primary result of these surveys. Faculties expressed the need for incoming students to be able to integrate data, work through complex problems, and make statistical inferences. Next Generation GMAT seeks to make the test more applicable to business schools by asking test takers to complete problems that are similar to the work they will face once in graduate school.

The GMAT will still take three and a half hours to complete. The 30 minutes integrated reasoning section will replace one of the two essays in the analytical writing section.

Currently, the GMAT analytical writing section contains one Analysis of an Issue essay and one Analysis of an Argument essay. The Next Generation GMAT will only include one essay, but students could be assigned either an Analysis of an Issue prompt or an Analysis of an Argument prompt. Therefore, test takers will still need to prepare for both types of essay during their GMAT test preparation. Business school admissions officers have stated that the two current essay test scores are highly correlated. For this reason, they anticipate that one essay will continue to provide a fair and accurate measure of test takers’ abilities.

Scoring on the Next Generation GMAT will change only slightly. The verbal and quantitative sections of the GMAT will remain the same and will continue to be scored on a scale of 200-800. There will be a separate score for the single essay in the analytical writing section and a second separate score for the integrated reasoning section.

The GMAC assures future test takers that more information about specific question types and sample tests for Next Generation GMAT will be available closer to the time of the test’s release. A GMAT course will help people planning to take the GMAT after June 2012 to prepare for the test, including the new section. Developing a comprehensive study plan is the best way to ensure success on the GMAT. Making time for GMAT test preparation and taking Next Generation GMAT practice tests are generally the best way to enter the exam confident and prepared.

Which MBA program is right for you?

The decision to get an Masters of Business Administration requires research and preparation. It can be an important step in furthering a career and the right program will open many doors. There are various types of MBA programs available and it is possible to find an option that is suited to every type of student.

Requirements
Most MBA programs require a standardized test, most commonly the GMAT. GMAT test prep can help you to gain a better idea of what you will need to study in order to do well. Online test prep is a great option for people who want assistance that fits into a hectic schedule. It is also important to find out about any GPA or course requirements from your undergraduate degree. Some MBA programs will want you to have taken a certain level of math courses, but many make it easy to complete these requirements at the start of the MBA program if need be.

Location
Many prospective MBA students will want to stay in a certain region while others are willing to relocate for the right program. It is often worthwhile to consider schools in your area or schools in close proximity to an area where you would like to live and work after completing the program. There are also many online MBA courses that can provide a flexible option to students who would like to complete their MBA primarily from home.

Schedule
Most full time MBA programs will require two years to complete. While a part-time MBA program will take longer to complete, these programs are typically designed for working professionals who would like to continue to work throughout the program. These programs will offer a full range of evening and weekend classes to accommodate this schedule. Some schools also offer an accelerated MBA course that can offer students the opportunity to complete an MBA in as little as one year. These programs will generally require a high level of dedication and an increased time commitment for the shorter period of time.

Courses
MBA programs often offer concentrations such as finance, marketing, human resources management, or non-profit management. If you have a specific interest area, these can be a great opportunity to take additional specialized courses. Each MBA program will offer different types of courses that can be used to complete the requirements. Reading over the course descriptions from prospective universities can offer a better idea of which program offers classes that are best suited to your career goals and interests.

The Average Salary Increase with an MBA

College graduates may see themselves as being a cut above the rest, but many don’t take the time to look at the difference between themselves and business school graduates. Taking into account the differences between the normal college track and the MBA track, business school becomes a logical choice for personal, professional and monetary gain. In order to achieve this gain, one must first conquer the GMAT.

By taking the GMAT, otherwise known as the Graduate Management Admission Test, you’ll be able to enter a MBA program at a number of schools. The GMAT test is used worldwide to measure the ability of students to demonstrate successful traits that will statistically allow them to succeed in an MBA program. The school that you are able to addend is dependent on the score that you are able to achieve on the GMAT. The score that you achieve on the GMAT, typically correlates to the prestige level of the business school that you are able to get into. Simply put, the higher you score, the better the school you can attend.
Over the past few years, it has become apparent that degrees tied to business, management, and the financial sectors tend to have higher job placement rates than regular degrees. Therefore, building upon your bachelor’s degree with an MBA will greatly increase your marketability.

In comparison to the general salaries of those graduates that earn bachelor’s degrees, graduates that attain an MBA tend to make at least $12,000 more per year than their counterparts. This amount often increases in many fields, usually greatly exceeding the route of completing a double major at the university undergraduate level.

Besides this increase in average salary per year, business school graduates tend to have a higher rate of consistent work in comparison with conventional degree holders. This is because the business, management, and financial fields tend to remain more constant in terms of employment when compared to other fields.

Therefore, college graduates can literally change their lives by adjusting their financial opportunities through earning a degree from a business school. In order to do this, scoring high on the GMAT test is a necessary component. The majority of business schools will only accept GMAT scores as a benchmark for potential applicants, so preparing for the GMAT is the essential step towards acceptance into a strong MBA program.

What to Expect Your First Year in Business School

Acceptance into business school is a time for celebration, and while new doors are opened adjusting to university life can often be daunting. Any incoming student has to adjust to university life, which can often be far away from home and a brand new environment, but new business school students must face their own unique set of challenges and experiences their very first year.

Business school students should expect to learn their school’s academic expectations quickly. The curriculum for business programs obviously varies from program to program, but business schools are often much more regulated as to what a student’s courses should be each semester. In many cases, there will be very few, if any, elective courses. Therefore, students who have a strong desire to take classes outside the regular business school curriculum should work closely with academic advisers in order to create a diverse but manageable schedule.

Newly inducted business school students must also keep in mind that their time at university is limited, and that their choices are very important. Deciding right away to aim for a duel degree, multiple concentrations, certificate programs, or accelerated business tracks is incredibly beneficial and saves a lot of hassle later on, for students, parents, and administrative employees alike.

Of course, business students will have to adapt to campus life in their first year. This includes adjusting to living in a new place in many cases, or getting used to commuting to school every day. New people and new experiences are part of everyday life, during classes and downtime alike. Many business school students take advantage of extracurricular activities, from sports to special interest clubs, in order to connect with other students and create lasting memories during their first year at business school.

Nevertheless, the business school experience is unique from that of a regular college freshmen, as the business track involves constantly relating to the applicability of knowledge to the real world. No matter the program, business schools tend to focus on the entrepreneurial spirit and quality experiences. First year business school students should already think ahead about companies or organizations they might like to intern for, paid or unpaid, in order to gain experience. At many schools, these internships can take place during breaks or concurrent to the school year and often count for academic credit.

This real world centric outlook should be very important during a student’s first year in business school, as keeping career minded is one of the wisest outlooks a student can adopt. Many business schools have specialized career centers for internships, part time jobs, and longer employment opportunities both during the first academic year and later on. This allows for lasting ties to form between a student and the career center, making it easier later on when the student requires assistance, guidance, or references.

First year business school students should also expect to get involved in the community around their school. In many business programs, community service is heavily encouraged and sometimes required for graduation. Service opportunities not only form bonds between students, but allow students to understand the community and make a positive impact.

Every business school is different, but a first year business school student should expect to find challenging academic work, innovative classroom experiences, new bonds with peers, and a pathway to savvy business sense and skills that last a lifetime.

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