The GMAT is a key component of your MBA application. That being said, there's no need to be nervous. With enough preparation, you should be able to ace the GMAT! Below are some tips to help you as you prepare to take the test. For more information on what the GMAT is, check out our test prep page.
How and when should you prepare for it?
Generally speaking, you should study for the GMAT at least 6 to 8 months prior to the day test day. You should backwards plan based on the school application deadline. In addition to 6 to 8 months of studying, you should consider adding an addition 2 or 3 months to re-take the test, if needed.
Okay, so know you have your timeline, where do you start? First, think about your learning style. There are a couple of ways you can go about studying for the GMAT, you could:
buy a book and study by yourself
study alongside others
hire a personal tutor
enroll in an online or in-person course
Or maybe do a combination of any of these approaches. What's most important here is for you to select the approach that best works with your learning style (and your budget).
How will you know if you have a "good" score?
Whether or not you have a "good" score depends on the programs you're trying to get into. That's why it's so important to research the schools/programs you're interested in early in the process. For more information on school research, please access this page. Generally speaking, you should aim to be within the middle 80% range for the schools you're interested in. This information is typically under each school's "class profile" page, in their website.
What are the steps I should follow (and in what order) to be successful with the GMAT?
Set a target score: Research the programs you're interested in and figure out what score will make you a successful candidate for the particular program you're interested in (general rule of thumb, you should be within the middle 80% range)
Set a timeline: Based on the application deadlines for the school you're interested in, figure out your timeline. As a general rule of thumb, you should plan to study for at least 6 to 8 months and leave a 2 to 3-month buffer in case you have to re-take the test
Find the resources that work best for you: Figure out what you'll use to study. Do online courses, in-person courses, a book, or a personal tutor be best for you? There are a ton of resources out there, you should spend the time to find the resources that work best for your learning style (and your budget)
Study. Study. Study: It goes without saying, but you need to spend the time getting familiar with the format of the test, and practice until you feel comfortable with the material
Take practice tests: To assess how you're doing, and adjust your study plan accordingly
Schedule and take your test: Once you start seeing the score you're aiming for on your practice tests
Assess whether or not it makes sense to re-take the test: If you're not satisfied with your score, re-take the test
<If needed> Prep for your re-take: If you're re-taking the test (and if your budget allows), invest in the Enhanced Score Report which helps you gear your studying towards the sections where you need the most help. For more information about it, access this page