Ready For Finance: GMAT: The Scoop

GMAT: The Scoop

Additional Resources
Ready to do more? Here are some good links to help you prepare for the GMAT:

Review sample questions for each section of the test
- Verbal section
- Quantitative section
- Analytical Writing Assessment (AWA) - practice writing an essay using the complete list of AWA topics

Purchase a set of three GMAT® Paper Tests for extra practice.

Explore study prep courses, Princeton Review and Kaplan are two good sources.

Want more sample questions to study? Purchase the Official Guide for GMAT® Review, 11th Edition, the Official Guide for GMAT® Verbal Review, or the Official Guide for GMAT® Quantitative Review. Each Guide has hundreds of real GMAT® questions, answers, and explanations.

Read more about "Test Day" to find out what you will need to bring to the test and what you should expect at the test center.

Like training for a marathon, the key to GMAT is to start your preparation early and pace yourself.

The Graduate Management Admission Test® (GMAT®) is a standardized assessment (in English) designed to help business schools assess the qualifications of applicants for advanced study in business and management. It is used as one predictor of your academic performance/potential. Other factors include your application essays, work experience, undergraduate transcript and recommendations.

The GMAT tests three key areas—verbal, mathematical and analytical writing skills. What’s not measured (equally important as what is…) includes your understanding of finance and business, your on-the-job performance, your leadership skills and, of course, things like your creativity, energy, drive and determination.

Here is a look at the test format:

Analytical Writing Assessment – includes two separate writing tasks. One is Analysis of an Issue, the other is Analysis of an Argument. You are given 30 minutes to complete each one.

Quantitative - 37 multiple-choice questions that cover two question types, including data sufficiency and problem solving. You are given a maximum of 75 minutes to complete this section.

Verbal - 41 multiple-choice questions using three question types—reading comprehension, critical reasoning, and sentence correction. You are allocated a maximum of 75 minutes for the Verbal Section.

Timing Is Everything
GMAC recommends that you allow for a minimum of four weeks of studying before you take the test. We suggest you get an earlier start to give yourself adequate time to prepare for and to take the test early in the application process. You will have the option of having your scores sent directly to your schools of interest, which can help generate outreach from the schools. For more information on timing of your MBA application and testing, see our Countdown to an MBA.

What is Your Score?
There are good online resources for guiding you through the process of reading and understanding your score—and finding out how your percentile rank. Here is a good resource to review relative to GMAT scoring.

As you get closer to your test date, try to familiarize yourself with the conditions and timing of the test as much as possible. A great way to do this is by taking the two GMAT® tests included in the GMATPrep® test-preparation software.

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Informationa and links provided to Ready-For-Finance by the Graduate Management Admission Council® and GMAT® are registered trademarks of the Graduate Management Admission Council®. All rights reserved.