GMAT STUDY Material

Difficult Problems from the Math Section



Quantitative Ability – POINTS TO REMEMBER



Mathematics Question bank from Jagdish’s Page for International Education



GMAT Grammar Notes



GMAT Reading Comprehension



GMAT analytical Writing


(1) GMAT Diagnostics

(2) GMAT Diagnostics

(3) GMAT diagnostics

(4) GMAT Diagnostics

(5) GMAT Diagnostics



GMAT Exam Experience of Student Who Scored 700+

GMAT Critical Reasoning Strategies - Power Point

Salaries For New MBAs Top $92,000

MCLEAN, Va., May 19 /PRNewswire/ -- Newly minted MBAs are commanding significantly heftier salaries in 2006 than their counterparts did last year, with the average business school graduate's starting base salary topping $92,000, according to new research from the Graduate Management Admission Council(R) (GMAC(R)).

Amid a healthy recruiting environment built on strong employer confidence in the economy, the average new MBA with a job offer in hand will earn $92,360 during their first year of employment, up 4.2 percent from the $88,626 graduates in 2005 received. Moreover, two-thirds of job offers to MBAs in 2006 come with signing bonuses that average $17,603, up slightly from last year. "The MBA continues to demonstrate its strong value proposition," said David A. Wilson, president and CEO of GMAC. "In a knowledge economy, leadership and management demand a complex portfolio of skills and talents. A selective MBA program gives its graduate those skills."

In addition to earning bigger paychecks, more MBAs are finding jobs while still in school, continuing a multiyear upward trend. Fifty-two percent of respondents to the 2006 GMAC Global MBA(R) Graduate Survey said they had received or accepted a job offer before graduation, compared with 50 percent in 2005, 42 percent in 2004 and 36 percent in 2003. The survey includes responses from 6,139 students at 147 business schools worldwide. A third of the respondents are citizens of countries other than the United States. GMAC researchers also found that most MBA students feel their investment in business school was worthwhile. About two-thirds of respondents to the survey rated their degree as an outstanding or excellent value, and another 29 percent said it was a good value. Students revealed that they based their opinions about the value of their MBA on factors such as the quality of the curriculum, their ability to develop key skills and abilities, and the culture of the school they attended. Six percent of participants in the survey said they placed strong emphasis on the potential to increase their financial well- being when assessing their investment in graduate business education.

In addition, the survey found that MBA graduates are, on the whole, interested in the kinds of jobs that employers say they would like to fill. For example, nearly half of respondents said they hoped to land a midlevel position -- the type of role for which recruiters say they are most likely to be hiring. The greatest percentage of students said they are interested in working in the finance/accounting industry, followed by the products/services and consulting sectors.Respondents were least likely to express interest in entering the energy/utilities industry.

The Graduate Management Admission Council (http://www.gmac.com/), based in McLean, Va., is a nonprofit education organization of leading graduate business schools worldwide dedicated to creating access to and disseminating information about graduate management education. GMAC annually surveys thousands of corporate recruiters, MBA students and business school alumni to gauge their feelings about the job market and collect other data. The organization also owns the Graduate Management Admission Test(R) (GMAT(R)), used by business schools around the world to assess applicants. The GMAT was created in 1954 and remains the first and only standardized test specifically designed for graduate business and management programs.

Contact: Sam Silverstein 1-703-245-4317 ssilverstein@gmac.com
Graduate Management Admission Council
Web site: http://ww.gmac.com/

GMAT is just a click away

PUNE: Thousands of students from Pune and western Maharashtra, appearing every year for educational assessment tests like GRE, GMAT and Toefl will no longer have to travel to Mumbai. They can now take the tests on a new internet-based platform from the Maharashtra Institute of Technology's (MIT) women's engineering college in the city. While MIT is the second internet-based certified test administration site in India (the first such centre was set up in Delhi), principal P.D. Chidgupkar said the new test form is an upgrade from the conventional paper-based and computer-based system. A key highlight of this system is that students appearing will get their results immediately on the computer screen. Previously, they would have to wait for a fortnight to get the scores. According to Chidgupkar, the matter was first discussed with the Educational Testing Services (ETS) during the National Association of Foreign Students'Affairs (Nafsa) conference in Seattle last June. The ETS, which administers over 24 million tests every year in more than 181 countries at over 9,000 locations worldwide, has certified the MIT to conduct the tests. With seven laboratories and as many as 270 computers certified by the Princeton university-located ETS, MIT officials said the centre would cut down the long waiting time for the large number of students appearing for the tests every year.

TOEFL, SAT, GMAT are the buzz words in India now

NEW DELHI: Roll over joint entrance and pre-medicals. Even as going overseas straight from the undergrad level becomes one of the coolest things to do, exams like Test of English as a Foreign Language (TOEFL), International English Testing System (IELTS), Scholastic Aptitude Test (SAT) and GMAT have become the buzzwords in India. While these exams register huge numbers, there have been changes in format and problems in recent months that are causing concerns.

The newly-expanded SAT exam which debuted in 2005, had serious glitches in the marking process. Declining scores are also causing worry among Indian students since scholarships and financial aid in universities are tied to these. Vijaya Khandavilli, country co-ordinator, Usefi, however, feels that students from India who are taking the exam need not worry. “American authorities makes sure that students don’t suffer when such glitches occur. Soon after the scanning problem and resultant wrong scores came to light, College Board, owners of SAT, took remedial measures such as providing corrected scores to students and parents; colleges and universities; and general public including media,” she says.

But it’s not just SAT scores that Indian students have to think of. The race is on between TOEFL and IELTS, which are both English language tests, to grab the mindshare of Indian students, who now form the bulk of foreigners in classrooms around the world. While US colleges have traditionally followed TOEFL, IELTS is the system that UK and Australia largely go for. Says Henry A S Ledlie, director of IDP Education Australia in India: “In April 2006 alone we tested 8,200 students in IELTS. This is definitely a global record. IELTS is becoming the most accepted and scientific mode of English testing with more and more colleges and universities accept the scores. For us, it has become a huge revenue spinner.” In India, British Council and IDP jointly own the rights to conduct IELTS. Institutions in countries such as Canada are also now moving towards a wider acceptance of IELTS. “Traditionally Canadian colleges accepted only TOEFL. But now institutions in both Canada and US are accepting both the scores. In fact, some Canadian colleges have their own test of English,” says Maria Mathai, manager, Canadian Education Centre Network in India.

Meanwhile, TOEFL too is sprucing up and now offers an Internet-based module. In fact, the net-based TOEFL iBT provides better information to institutions about students. From May 1, 2006, IELTS too has a new rule whereby it can be re-taken any time that the candidate wishes to. Earlier, there was a restriction on re-taking the test within 90 days. So even as the race to study overseas hots up, students are assured of testing times ahead.

Courtesy- Economic Times

A universal test that has mattered for five decades

Widget Finn on why the GMAT exam has won global respect

IF YOU are applying to a leading business school to do an MBA, you may have to take the Graduate Management Admission Test (GMAT) first. It is a universally recognised standard that many business schools include as part of their entry requirements. GMAT was introduced in 1954 as the only standardised test designed specifically for use by graduate business and management programmes. In its first year 4,000 tests were taken but in recent years the number has topped 200,000.

The test, which costs $250 (£140) to take, is delivered in English from 400 centres in 100 countries. It consists of four separately timed sections, including two analytical writing tasks and two quantitative and verbal sections of multiple-choice questions.Jeanette Purcell, chief executive of the Association of MBAs, regards GMAT as a useful test when accrediting business schools

“It’s a good guide to a student’s competence although the business school would probably want to make sure that potential students also had a good solid breadth of work experience and a track record in management,” she says. “One of its benefits is that it is universal so students can take their results to a number of schools.” GMAC (the Graduate Management Admission Council which administers GMAT) says that it is an exceptionally good predictor of how well a student will perform academically in the business school curriculum. Others are more cautious.

Purcell says: “It is a good indication of whether a student can cope on the course but not necessarily a predictor of success. GMAT doesn’t tell us anything about interpersonal skills or emotional intelligence which are so important.” John McGee, associate dean at Warwick Business School, agrees that the exam cannot give a reliable picture of whether the candidate will do well. “Sometimes we accept people with slightly dubious GMAT results, who go on to succeed and vice versa,” he says. “Our students come from all over the world and without GMAT the information supplied may not indicate whether they are intellectually and psychologically appropriate.”

The GMAT is only required for the full-time MBA programme at Warwick. “For the part-time programme there is a greater element of corporate and self-selection of students and we can build a good profile of candidates with close referencing from people who know them,” he adds. Some schools use a combination of GMAT and their own admissions tests.. Cranfield School of Management, for example, requires a good GMAT score (the average is 660) or a good score in its own test, although it recommends that candidates for the full-time MBA take GMAT.

There have been reports of cheating (see box) but today candidates must provide digital signatures, fingerprints and photographs when they check in at a GMAT centre. Is it possible to swot for the test? Yes, McGee says. “We find that if you repeat the test you can improve by 10-15 per cent, so there is a learning element. The test subdivides into quantitative and verbal which is helpful for students whose first language isn’t English. You can see that someone with high qualitative points but low language is probably pretty smart and this can be established by doing an interview locally.” There are also guides available on how to tackle the test. Alex Neame, a student at Warwick, advises: “Be prepared. You wouldn’t go for a job interview without doing research, so it would be pretty foolish to take the test without practising it first.”

Tight security to beat cheats
RESPONSIBILITY for running the GMAT exam was handed to Pearson VUE in January to ensure greater security, according to David Wilson, president and chief executive of GMAC. More than 68,000 people took the exam in the first five months of last year but reports of widespread cheating raised questions over the big rise in the top score of 708 out of 800.In 1997 Newsweek reported that candidates on the East Coast of America phoned through answers to a cheating ring which inscribed them on pencils sold to candidates on the West Coast sitting the exam three hours later.Impersonators posing as candidates have been convicted for completing the GMAT fraudulently.

GMAC to Provide New GMAT Score Codes in April 2005...GMAT ALERT

Starting January 1, 2006, business schools will benefit from GMAT score-recipient codes that will be specific to each program, instead of just to the institution allowing schools the option of having scores sent directly to the people who use them. Although the new codes will be used beginning in 2006, we plan to announce the new codes in a mailing in April 2005, so schools and programs can publish them in their viewbooks and marketing materials.

But, to provide the new score-recipient codes in April, we need to make sure that all school and program contact information in the GMAC database is correct and up-to-date. We are now in the process of contacting all GMAT using institutions to confirm program information. You may have been contacted already, but if not, you or someone at your school will hear from us shortly. Please be sure to respond to our request for information so that all programs at your school can be assigned a code and receive the new codes in April and so that you can benefit fully from the enhanced GMAT customer service. If you wish to contact us, please e-mail us at gmattransition@gmac.com or call Jennifer Ritter at 1-703-749-0131.

What will the new code system mean? The new codes allow us to capture information at the program level, enabling us to provide more detailed information about where GMAT scores are sent and by whom important information for market analysis and targeting. Plus, with program level information, you will be able to see where your stiffest competition is. That is, you will be able to understand better what other programs are getting score reports from the same test takers who send their scores to you. Who knows you might be able to see for the first time that programs within your own institution are competing with each other!

The new codes are key to bringing more valuable, program-specific marketing information straight to your office, but donot worry if some test takers continue to use the old codes after January 1, 2006. Your current codes will still be applicable even after we change over to the new program codes, so you’ll be assured that no GMAT scores will go astray.We will continue to keep you apprised of all important news regarding improvements in the GMAT program that will affect schools and test takers. Read Graduate Management News at gmac.com (you may subscribe to the newsletter by signing up on the site and visit gmac.com regularly for updates. You will also receive regular mailings from us about our transition to new test vendors and an enhanced GMAT program.

If you have any questions or concerns, please contact us at gmattransition@gmac.com or call 1-703-749-0131.GMAT and GMAC are registered trademarks of the Graduate Management Admission Council (GMAC). All rights reserved.