Your guide to a career in financeTM

GMAT Myths

You’re a “shoe-in” if you score above a 700. This is not necessarily true. The exam is an important factor in the admissions process, but only one factor. Business schools evaluate applications as a whole when making decisions. For the same reason, a GMAT score below the school’s mean does not necessarily disqualify you either.

You need an expensive course to score well on the exam. Absolutely false. If you can pick up things on your own, you can learn the GMAT with time and dedication. A course is fine, if you learn better with an instructor. However, a course is not the easy way to success on the GMAT. To maximize success, classroom instruction must be complemented with many hours of practice on your own. An expensive course does not guarantee a high score. I have friends who have achieved just average scores after enrolling in courses that cost almost as much as my first car.

You can’t study for the GMAT; either you know it or you don’t. Not true. The concepts on the GMAT can be learned and practiced. When I first began taking practice exams, I was averaging in the low 600′s. Right before the exam, I was averaging in the low 700′s. When it comes to the GMAT, practice definitely makes perfect.

Since I’m good at math, I shouldn’t have to study for the GMAT. Think again. GMAT math is not everyday math. If you do consider yourself to be a “math-whiz,” at least review the types of math questions asked on the GMAT, and do NOT walk into the test cold.

Back to Pursuing an MBA