Change in GMAT Focus Percentiles & MBA App Fee Waivers in 2024 | GMAT News

Welcome to this week's GMAT and MBA update! Whether you're deep into GMAT preparation or gearing up for your MBA applications, this roundup is packed with crucial information to help you stay ahead of the curve. Let’s dive into the latest developments that every aspiring MBA student should know.

1. A Marine Engineer’s Inspiring GMAT Journey

For those seeking motivation, a marine engineer recently shared their journey of raising their GMAT score from 485 to 695 in just one month. The key to their success? Focused practice on Quantitative topics, strategic adjustments to their test-taking approach, and effective time management in the Verbal and Data Insights sections. Their story is a powerful reminder that with the right strategies and determination, significant improvement is possible—even in a short timeframe.

2. Countdown to Your Test: The GMAT Prep Timeline Guide

As your GMAT test date looms, managing your preparation effectively becomes crucial. A new GMAT Prep Timeline guide has been released, offering a detailed breakdown of what to focus on during the last month before your exam. From full test simulations 30 days out to final-day strategies, this guide is designed to help you maximize your performance when it matters most. Sticking to this schedule could be the key to achieving your target score.

3. Strange GMAT Scores: What’s Behind the Unusual Percentile Shifts?

In an unexpected twist, a collection of strange GMAT scores has surfaced, drawing attention to cases where minor mistakes led to surprisingly low percentile rankings. This has sparked discussions about potential quirks in the GMAT scoring algorithm. If you're curious about how small errors can dramatically impact your score, this phenomenon is definitely worth exploring. Understanding these nuances can help you avoid similar pitfalls.

4. Quick Score Boost Strategies: Riya’s 15-Day Journey

Looking for rapid improvement strategies? Meet Riya, who managed to increase her GMAT score from 615 to 715 in just 15 days! In a recent YouTube interview, she shares how personalized mentorship, focused strategies, and maintaining calm under pressure were crucial to her success. If you're aiming for a last-minute score boost, her experience offers valuable insights that you can apply to your own preparation.

5. GMAC Releases New GMAT Percentiles: What You Need to Know

In a significant update, GMAC has just released new GMAT percentiles, which could impact your application strategy, especially with Round 1 deadlines approaching. Notably, a score of 705, which previously ranked in the 99th percentile, now equates to a 750. This shift might cause some confusion among applicants and admissions committees alike. However, the changes were expected, especially in the mid-to-lower score ranges, and the percentile inflation is relatively minimal. For instance, a 695 score has only dropped by 1 percentile.

For those concerned about the impact, past scores will be automatically updated, and while the shift from the 99th to the 98th percentile might sting, it's unlikely to significantly affect how admissions teams evaluate your application. It’s essential to stay informed about these changes as you finalize your application strategy.

6. MBA Application Updates: Fee Waivers and New Resources

Switching gears to MBA applications, many top programs are offering application fee waivers for specific groups, including military personnel, Peace Corps volunteers, and certain fellowship participants. Additionally, some schools are offering waivers based on financial hardship or attendance at qualifying events. Be sure to check if you qualify for any of these waivers to reduce your application costs.

Moreover, a new playlist on YouTube is now available, providing detailed walkthroughs of MBA applications for various programs. This is an invaluable resource for anyone in the application process, offering step-by-step guidance to help you navigate each school’s unique requirements.

7. Age and MBA Admissions: A Comprehensive Discussion

Finally, an in-depth discussion on age and MBA admissions is shedding light on how business schools view older applicants. This conversation covers key topics such as career trajectory, employability, and the differences between U.S. and European programs in their approach to older candidates. If you're an older applicant, understanding these dynamics can help you position your application more effectively.

Conclusion

That’s all for this week’s GMAT and MBA Update! Whether you're prepping for the GMAT or getting ready to apply to an MBA program, we hope these insights will help you navigate the process with confidence. Staying informed and adapting to new developments is crucial as you work towards your goals. Good luck with your preparation and applications, and remember to leverage every resource available to maximize your success.

If you found this update helpful, don’t forget to follow our page for more insights and tips. Let’s stay connected as you continue your journey towards an MBA!