GMAT Prerequisites: What are the GMAT Requirements to Take the Test?

ChecklistDoes your career path include an MBA? If so, there are several steps on the path leading to business school. One of those steps involves taking the Graduate Management Admission Test, also known as the GMAT. But before taking the test, you should get acquainted with the GMAT prerequisites and make sure you’re prepared to take on this important challenge.

GMAT Requirements
There are not a lot of GMAT prerequisites when it comes to specific types of education. For instance, a bachelor’s degree is not a GMAT requirement. However, the material you learn as a business major in undergraduate school can contribute to your performance on the GMAT. One GMAT requirement found on the official website is that anyone who is under 18 years old must have written permission from a parent or legal guardian to take the GMAT.

Registering for the GMAT
Among the basic GMAT requirements is, of course, registering for the test. Opening an account on the official GMAT website is the simplest way to register. You can schedule a test, cancel, reschedule, or find a testing center via your account. Finding a testing center near you is an easy task. All you do is enter your ZIP code, address, or city and state in the search bar. Your test center options will appear on the screen. If you have a documented disability, you can check into accommodations using your account. Another GMAT requirement is the scheduling fee, which is $250.

What Is on the GMAT?
The purpose of the GMAT is to determine whether you are a good candidate for business school. Of course, your GMAT score isn’t the only qualification considered by business schools, but in many cases, your score carries a lot of weight with admissions officials. The GMAT is made up of four sections: Integrated Reasoning, Quantitative, Verbal, and Analytical Writing. Questions in the Integrated Reasoning section test your ability to evaluate information delivered in the form of graphs, charts, tables, and more. Questions in the Quantitative section measure your arithmetic, geometry and algebra skills. Data analysis is also a part of the Quantitative section. The Verbal section features reading comprehension, sentence correction, and critical reasoning questions. The Analytical Writing section of the exam measures your ability to evaluate an argument while supplying solid evidence to support your points.

How to Prepare for the GMAT
Taking a practice test is a great place to start when preparing for the GMAT. At Veritas Prep, we provide you with the opportunity to take a free test to get an accurate picture of your skills before the GMAT. Your detailed test results reveal your strongest skills as well as the ones that need improvement. The GMAT curriculum at Veritas Prep thoroughly prepares you for each section on the exam. But instead of just presenting you with facts to memorize, our experienced instructors teach you how to apply what you know to solve problems. Questions on the GMAT gauge your ability to think like a businessperson.

How Much Time Does it Take to Prepare for the Test?
There is no hard and fast rule on how long you should take to prep for the GMAT. Some people spend one month studying for this test, while others dedicate several weeks to their preparations. After studying for a few weeks, you may want to take another practice test to gauge the progress you’ve made since you took your first practice GMAT. Your score on the second practice test can be an excellent indicator of whether you are ready to take the official exam. There is plenty of general advice concerning the test, but you have to make your own decision as to when you’re ready.

We are proud to offer first-rate GMAT tutoring at Veritas Prep. We’ve done the research and come up with a study program that has proven successful for our students time and again. Our study resources teach you how to think like the test-maker, and when you sign up with us, you’ll study with instructors who scored in the 99th percentile on the GMAT. In addition to that, they are expert teachers who know how to convey powerful lessons. You’ll have peace of mind knowing that you’re learning strategies and tips from the very best! Contact Veritas Prep today to achieve excellence on the GMAT.

Canceling and Rescheduling Your GMAT Exam: What to Know Before You Cancel

FAQAfter signing up for the GMAT, you should dedicate two or three months to study and preparation. But as test day approaches, what if a situation arises that is going to prevent you from taking the test? Fortunately, it’s possible to cancel your GMAT test appointment and reschedule. Check out the important details that go along with canceling and rescheduling GMAT appointments before you act.

Common Reasons Why People Need to Cancel Their GMAT Appointments
Some people have to cancel their appointment to take the GMAT due to family obligations that come up – perhaps they have to attend a funeral or a family member unexpectedly goes into the hospital. Others cancel their test date because they don’t feel prepared to take the GMAT. These are just a few of the numerous reasons why people cancel. No matter the reason, there are steps to take when canceling your appointment that may help you minimize the cancellation fee you have to pay.

Steps to Take for GMAT Cancellation
The first step to take in the cancellation process is to go to the official GMAT website. When you signed up to take the GMAT, you opened an account that provides you with a lot of helpful information. You are able to cancel as well as reschedule GMAT appointments through your account.

The cost of taking the GMAT is $250 – if you cancel seven days or more before your scheduled test date and time, you’ll receive a refund of $80. However, if you cancel within seven days of your test day, you don’t receive any refund. Furthermore, if you’re a no-show on test day, you don’t get any type of refund. So if you decide not to take the GMAT, cancel early, if possible, in order to get at least some of your money back.

How to Reschedule Your Test
The process of rescheduling the GMAT is a lot like signing up for your original testing appointment. You have to choose the date, time, and location that are best for you. Since you already have an account on the official GMAT website, it takes a little less time to reschedule than it did to make the original appointment.

Details on the GMAT Reschedule Fee
Once again, timing plays an important role when you want to reschedule GMAT appointments. If you reschedule more than seven days before the original date for the test, then there is a GMAT reschedule fee of $50. However, if you reschedule within seven days of the original test date and time, there is a $250 fee. Note that you can’t reschedule within 24 hours of the test.

Ensuring That You’re Ready to Take the Test
If you cancel your GMAT appointment because you don’t feel prepared, there are things you can do to remedy the situation. At Veritas Prep, we have a GMAT curriculum that reveals what the creators of the test are really looking for. Of course, you must have knowledge of geometry, algebra, reading comprehension, and so forth, but you must also approach the test as if you were a business executive. In short, you have to use your higher-order thinking skills to tackle each section of the GMAT.

In our prep courses, we teach you to think like the test-maker so you will use the right kinds of skills on this challenging exam. Our thorough program of study covers each section and topic on the GMAT, enabling you to walk into the testing location with a sense of confidence on test day.

Practice With Seasoned GMAT Experts
As with most tests, it’s a smart idea to complete practice questions so you know what you’ll encounter on test day. Taking a practice GMAT can be daunting to someone who plans to prepare alone for this exam, but our instructors have achieved scores on the GMAT that place them in the 99th percentile. This means we can look at the results of your practice test and provide you with solid guidance on how you can improve in your weakest subjects. Our instructors know firsthand about the subtleties of the GMAT. Working with Veritas Prep means you get an inside scoop on what you need to do to achieve your best score.

We have a few instructional options for you to choose from when it comes to studying for the GMAT. You can learn the strategies you need to know either online or in person. Contact us today and let us play a part in your GMAT success!

Getting ready to take the GMAT? We have free online GMAT seminars running all the time. And as always, be sure to follow us on Facebook, YouTubeGoogle+ and Twitter!

Scheduling Your GMAT Test: Dates, Where & When to Take the GMAT Exam

Six WeeksMost business professionals and others who want to earn their MBA know that taking the GMAT is one step along the path to business school. In addition, you probably know that the GMAT gauges your skills in several different subject areas, from Reading Comprehension to Geometry to essay-writing. But while you might have a plan of study ready to go, you may still have some practical questions about registering for the test.

Get the lowdown on the GMAT, test dates and locations, as well as how long a person should take to prep for this difficult exam before signing up:

When Can I Take the GMAT?
If you are planning to take the GMAT, you’ll be glad to know that it is given many times throughout the year. The process begins by visiting the official website for the GMAT. Fortunately, it is fairly easy to sign up to take the GMAT. Exam dates are shown for testing centers that are convenient to you – once you choose the most convenient place to take the GMAT, testing dates and times are made available for your consideration. Keep in mind that there is a fee of $250 to take the test.

Where Do I Take the Test?
To find a testing location, type your complete address into the search engine on the GMAT website. You may also enter in your city and state or simply your ZIP code to get results. This data brings up options for testing locations in your area. You can choose up to three options to compare times for the GMAT, exam dates, and convenient locations. This search allows you to settle on a testing situation that suits your schedule. GMAT exam-takers should then sign up for the dates and times they like best.

How Do I Sign Up for the GMAT?
After looking at GMAT test dates and locations, you can create an account on the testing website. This allows you to register for the exam and gives you access to other important test information. Not only can someone taking the GMAT schedule test appointments with this account, but you can also reschedule a test or cancel your testing appointment if necessary.

How Long Do I Need to Prepare for the GMAT?
It’s a good idea to study for the GMAT in a gradual way. Trying to cram for this challenging test can be stressful and result in a waste of your time and money. Three months is a reasonable amount of time to spend preparing for this exam.

The GMAT has four sections: Analytical Writing, Integrated Reasoning, Quantitative, and Verbal. Taking a practice test should be your first order of business when preparing for the exam. The results can help you determine where to begin your studies. In order to achieve a high score on the GMAT, you must learn how to approach the questions on the test as opposed to memorizing facts. Our thorough GMAT curriculum at Veritas Prep teaches you how to evaluate and interpret the questions on this exam to filter out unessential information. We teach you how to think like a professional in the business world so you can showcase your higher-level thinking skills on test day.

Helpful Tips for Test Day
It’s normal to be at least a little bit nervous on test day, but you can reduce that anxiety by making sure that you take everything you need to the testing location. For example, you need to have government-issued identification that includes your name, date of birth, photo, and signature in order to take the test. Keep in mind that the name on your ID must be the same as the one on your registration form.

Prepare to spend about four hours at the testing location. Testers may take advantage of the optional two breaks to refresh themselves. Remember that phones, tablets, and other technological devices are not allowed in the testing room.

At Veritas Prep, our professional instructors have the experience and the knowledge to prepare you for the GMAT. Our students learn strategies that give them an advantage over their fellow test-takers. We offer a variety of study options that help you to garner the skills and knowledge you need to walk into the testing center with confidence. Call or email our offices today to get started on the path toward admission into a preferred business school.

Getting ready to take the GMAT? We have free online GMAT seminars running all the time. And as always, be sure to follow us on FacebookYouTubeGoogle+, and Twitter!

New GMAT Undergraduate Pricing Initiative

featured_money@wdd2xIn an effort to attract more undergraduate test takers, GMAC is rolling out a tiered pricing structure for students who register for the GMAT before June 1, 2016 and complete the test by December 31, 2016.

While targeted undergrad outreach efforts and undergrad discounts on the GMAT aren’t new to GMAC, the scale and diversity in pricing is. (GMAC piloted discounting test registration fees a few years ago on select U.S. undergrad campuses as part of a partnership program with select test prep companies and universities.) But like any good sale, is the deal too good to be true?  Let’s take a closer look at the offers (and fine print):

Both options feature discounted registration fees, but limited score report options and more expensive additional score reports (ASRs). ASRs are currently $28 per report.

Option 1: $150 registration fee, No initial score reports (ASR: $50 each)

Option 2: $200 registration fee, 2 initial score reports (ASR: $50 each)

Option 3: $250 registration fee, 5 initial score reports (ASR: $28 each)**

**Current GMAT pricing

Keep in mind that the average GMAT test taker submits 2.7 score reports with their business school applications so GMAC is hoping to recover some of those initial cost savings down the road, but yes, that $50 ASR fee can create a little sticker shock.

So is there an upside to any of these options?

For students who aren’t thinking about grad school anytime soon and, more importantly, have time to prepare for the GMAT (think second-semester Seniors or students with a lighter course load), Option 1 does have a few merits. Because these students don’t have grad school or specific programs on their radar, the lack of score reports isn’t an issue. And since scores are good for five years, it gives students a chance to bank a good score early while not shelling out the full $250.

This is the population that GMAC is targeting with this promotion because the reality is most students will end up sending score reports to multiple programs. However, if the cost of an ASR increases down the road, at least this locks in a lower test fee and possibly a competitive ASR fee.

Students who are applying to a graduate program now (think Juniors or Seniors looking at a pre-work-experience programs) should definitely consider Option 2. Since these students already know which program they’re aiming for, the two free score reports at the test center are a bargain (and ultimately save the student $50).

What isn’t mentioned on the website but should be considered is the current GMAT registration fee of $250. This fee hasn’t changed in over a decade, and while GMAC hasn’t made any announcements about a price hike, it’s unreasonable to think that it’ll remain $250 forever. The odds of the fees increasing in the next  5- 10 years? Hard to say, but there’s likely some merit in locking in a lower priced test.

When you examine Option 3, or the current GMAT standard, you should also look at the GMAT’s primary competitor, the GRE, which is a more widely recognized brand at the undergrad level. ETS just increased GRE fees in the U.S. from $160 to $205 in January of 2016 (ETS does offer a reduced fee certificate to undergrads who meet certain criteria which reduces the cost by 50%). So by offering a variety of pricing options, GMAC is making the GMAT more financially competitive with the GRE.

Regardless of whether you take the GMAT or GRE, Veritas Prep is committed to helping you prepare to do your best on test day. You can find additional information about the GMAC tiered pricing here and information on Veritas Prep’s GMAT prep offerings here.  We also encourage students to sign up for one of our free online GMAT seminars, and to follow us on FacebookYouTubeGoogle+, and Twitter!

By Joanna Graham