Posts Tagged 'GMAT'

When should you take the GMAT or GRE?

Whether you take the GRE or GMAT for your application, give yourself enough time to prepare adequately.

Whether you take the GRE or GMAT, give yourself enough time to prepare adequately.

For students applying to the Fisher Specialized Master of Business – Finance (“SMF“) program, a common question is “When should I take the GRE or GMAT?” There are two things you need to be aware of to get the correct answer.

1) What deadline are you shooting for? In other words, by which date do you want to have your application be complete?

It takes at least three weeks for us to get your official scores from the test administrator. Using this info, you work backward – for example, if you want to have a complete application by December 31, you want to take the GMAT or GRE by December 7 (approximately 3 weeks prior to December 31). However …

2) Do you want to build in any “error correction” time for yourself if you do no get the score you like on your first attempt?

The advice in point #1 above is true but only if you plan to take the GMAT or GRE once. The Fisher SMF program will use your highest total GMAT/GRE scores as part of its application review process. If you want to allow for “error correction” – in other words, you want to allow yourself the option of retaking it a second time to attempt to get a higher score, you need to add (at least) another four weeks to the timeline recommended in point #1. For example, if you want to have a complete application by December 31 and want to give yourself the option of retaking it if you do not like your first score, you want to take the GMAT/GRE by early November (approximately 6 to 7 weeks prior to December 31). Important –> The test administrator requires test takers to wait at least 30 days in between each GMAT/GRE attempt.

Remember that you are welcome (and encouraged) to submit your application materials to us even if you have not already taken the GRE or GMAT. We will hold on to your application materials until we receive your official scores.

Please contact us if you have any questions about your application!

 


3 (plus 1) things to keep in mind when applying to the Fisher SMF program

Three things to keep in mind when preparing your SMF application

Be aware of deadlines

Deadlines have a way of sneaking up on you. I recommend taking a look at the deadlines and working backward. If you want to submit your application by December 1, for example, you know that gives you approximately four months or sixteen weeks from now until then. You need to be aware of how long each item will take to be completed and submitted to us. Examples include but are not limited to:

GMAT/GRE: About two to four weeks will go by from the time you take the GMAT to the time we get your scores. And it usually takes longer for us to receive official GRE scores. Accordingly, if you want your scores to be here by December 1, you should plan on taking the GMAT no later than November 15. If you’re submitting GRE scores, November 1 or earlier.

References: How long will your references take to prepare their recommendations for you? Work backwards from December 1 and add an extra couple of weeks or more as “cushion” in case anything unforeseen and unpredicted occurs.

It is OK to submit things “out of order”

You do not need to wait before everything is complete before submitting your application materials. For example, you can submit GMAT scores before submitting your application. Conversely, you can submit your application before taking the GMAT. You can submit your application before all your references are received. You can submit your transcripts to us before you submit your application. And so on.

Be very aware of how long things will take to complete/submit when compiling your application materials – and assume it will take longer than you plan

As mentioned earlier, we will not receive your GMAT scores the day after you sit for the test. Plan for the lag time. Also, your references will need (on average) at least one month to prepare your letters of recommendation.

Transcripts can take a long or short time to get to us – it all depends on the university issuing the transcripts. And sometimes colleges “forget” to send them. Advice: Find out from your school how long it will take to issue your transcripts. Plan accordingly. Build in a margin of safety. And follow up with your school to ensure it sent them to us.

Bonus –> SPECIAL NOTE TO INTERNATIONAL STUDENTS

TOEFL scores can take a long time to arrive at Ohio State. How long? It varies. It can be anything from several weeks to several months. The delay is almost always due to the TOEFL test administrator. If you are an international student and need to submit TOEFL or IELTS scores, be sure to keep in close touch with the TOEFL or IELTS test administrator.

 


Applying for autumn 2015? Here’s what you need to do.

When you are preparing your application for the Fisher Specialized Master of Business – Finance program, please refer to the list of required items. Remember that the admissions committee will only review complete applications.

We do not pre-evaluate candidates/potential applicants. It’s not uncommon for us to receive the following question (or something like it): “My GMAT/GRE is XXX. My TOEFL is XXX. My GPA is XXX. What are my chances of being admitted?” The only way you can find out whether you will be admitted is to apply. If you wish to review statistics on the most recent class (e.g. GMAT or GRE average, GPA average, etc.), click here. The SMF admissions committee reviews everything in an application to assess admissibility for each applicant. There is no single item that will cause someone to be admitted or be denied admission – everything is reviewed.

Here are some additional tips:

GMAT/GRE

You may submit either GRE or GMAT scores for your application. It’s your choice. Also, it is very OK for you to submit your application prior to taking the GRE or GMAT. Just be sure you take the applicable test by the end of December 2014 to meet most “early” deadlines.

Transcripts

You will need to upload a scanned copy of an official transcript from each and every university (other than Ohio State) you have attended. Even if you just took a single class at a local community college, we will need to upload a scanned copy of an official transcript from that community college. (The upload button is built into the online application.)

You are NOT required to submit transcripts for any grades you earned at The Ohio State University.

TOEFL

I plan on writing another blog post on issues involving the TOEFL but if you are required to submit the TOEFL as part of a complete application, be sure you use the correct institution code for Ohio State University (1592) and that you allow PLENTY of time for the scores to get to us. The TOEFL is regularly the one item that seems to take forever to get to us – if you need to submit the TOEFL, it is your responsibility to ensure the test administrator (ETS) sends us your official TOEFL scores.

The SMF program also accepts IELTS from those applicants required to submit a test of English proficiency.

References

Your references can be sent to us electronically or via paper. (Additional instructions are in the application on the difference between the two formats.) Note that we will receive your references sooner if you choose electronic. Just be sure to give your recommenders plenty of time to write your references!

Essays

Give yourself enough time to write essays that really reflect you. Do not write generic, plain vanilla essays. Answer the questions that are posed to you in this application. Do not recycle essay responses you are using for any other applications.

We will be posting additional tips for each of the items referenced above throughout the next few months so keep an eye on this blog for updates.

If you have any questions, please let us know!


Admissions decisions = a branch of holism

We are often asked about statistics that describe the current SMF class. We have calculated the statistics that represent the 2013 Fisher SMF class. Click here for the class profile statistics.

Please know that this data is aggregated – it is a summary of over 40 students currently enrolled in the program. No single applicant looks the same. The admissions committee looks at everything in each applicant’s file – no one will be denied or admitted on a single criterion (e.g. GMAT, GPA, etc.). A high GMAT does not guarantee admission nor will a “low” GMAT necessarily prevent someone from being admitted into the program. The same is true for GPA. The admissions committee looks at everything – in other words, the committee is most concerned how your credentials (references, essays, transcripts, GMAT, resume), taken together, present a complete picture of you as a potential student in this program. We are not concerned so much with the individual components – individual components, by themselves, are not indicative of an applicant’s strengths. We are more concerned with how all of these individual components, taken together, comprise a complete picture of the applicant.

The whole is greater than the sum of the parts

 


3 Things to Keep in Mind When Preparing Your 2013 Fisher SMF Application

Three things to keep in mind when preparing your SMF application

Be aware of deadlines

Deadlines have a way of sneaking up on you. I recommend taking a look at the deadlines and working backward. If you want to submit your application by December 1, for example, you know that gives you approximately four months or sixteen weeks from now until then. You need to be aware of how long each item will take to be completed and submitted to us. Examples include but are not limited to:

GMAT: About two to four weeks will go by from the time you take the GMAT to the time we get your scores. Accordingly, if you want your scores to be here by December 1, you should plan on taking the GMAT no later than November 15.

References: How long will your references take to prepare their recommendations for you? Work backwards from December 1 and add an extra couple of weeks or more as “cushion” in case anything unforeseen and unpredicted occurs.

It is OK to submit things “out of order”

You do not need to wait before everything is complete before submitting your application materials. For example, you can submit GMAT scores before submitting your application. Conversely, you can submit your application before taking the GMAT. You can submit your application before all your references are received. You can submit your transcripts to us before you submit your application. And so on.

Be very aware of how long things will take to complete/submit when compiling your application materials – and assume it will take longer than you plan

As mentioned earlier, we will not receive your GMAT scores the day after you sit for the test. Plan for the lag time. Also, your references will need (on average) at least one month to prepare your letters of recommendation.

Transcripts can take a long or short time to get to us – it all depends on the university issuing the transcripts. And sometimes colleges “forget” to send them. Advice: Find out from your school how long it will take to issue your transcripts. Plan accordingly. Build in a margin of safety. And follow up with your school to ensure it sent them to us.

SPECIAL NOTE TO INTERNATIONAL STUDENTS:

TOEFL scores can take a long time to arrive at Ohio State. How long? It varies. It can be anything from several weeks to several months. The delay is almost always due to the TOEFL test administrator. If you are an international student and need to submit TOEFL or IELTS scores, be sure to keep in close touch with the TOEFL or IELTS test administrator.

 


New GMAT section (Integrated Reasoning) scoring scale released

NextGen GMAT will be released on June 5, 2012.

I recently received an email from GMAC on the new Integrated Reasoning section of the GMAT, which will make its debut on June 5, 2012. (I wrote about the “new GMAT” in an earlier post.)

“The new Integrated Reasoning section will measure test takers’ ability to convert data in different formats and from multiple sources into meaningful information to solve problems,” said Ashok Sarathy, vice president, GMAT Program. “Although the questions include both verbal and quantitative data, our testing showed that Integrating Reasoning is a distinct skill.  We think the scores will help schools gauge these skills among their applicants.”

It appears the Integrated Reasoning section will be scored on a standalone basis – in other words, its score (from 1 to 8 ) will not affect the rest of your GMAT scores (e.g. verbal, quantitative, etc.). Click here for more information on the scoring scale on the new Integrated Reasoning section of the GMAT.

Note: If you are applying for the Fisher SMF program for autumn 2013, you may submit GMAT scores to us from either prior to or on/after June 5, 2012. GMAT scores are good for five years – either “version” of the GMAT will work for your autumn 2013 application.


The GMAT is changing in June 2012 – are you ready?

GMAT is undergoing a significant revision within the next few months. In June 2012, the GMAT will introduce an integrated reasoning section, testing concepts that have not been tested before on the GMAT. The current version of the GMAT has a verbal section, a quantitative section, and two essays. The new version will drop one of the essays and replace it with an integrated reasoning section.

http://www.youtube.com/watch?v=wJLwiwRsQAM

What does this mean for you? If you are reading this and are applying to the Fisher SMF program for autumn 2013, you can either take the GMAT before or after the changes are implemented – the program does not prefer one over the other. As long as your scores are valid scores, they can be used as part of a complete application. Remember that scores are good for up to five years from the time you take it so if you took it in February 2012 for your autumn 2013 application, those scores will be valid for your autumn 2013 application.

For more information, please check the FAQ published by GMAC. (Click here if you’d like to see some sample questions from the new integrated reasoning section.)


GMAT not as high as you would like?

You are preparing your application to the SMF program.  You completed the online application; wrote, rewrote and finalized your essays; secured your letters of recommendation; updated your resume and requested your transcripts to be sent.  The last item on the checklist is every SMF applicant’s favorite four-letter word … the GMAT.  You took the GMAT, thinking you were going to ace it after all of those hours of intense preparation.  You finished the exam, agreed to view your scores and … oh, MAN, you have got to be kidding me?!  THAT is my score?

Sound familiar?

If this sounds like you and you are planning to apply by the December 31 deadline, you have a couple of choices:

1) Apply as planned and wait to hear from the Admissions Committee regarding next steps in the admissions process – maybe your score isn’t as high as you had hoped, but maybe it isn’t that bad after all.

2) Apply as planned, but indicate to the Admissions Committee that you plan to retake the test on a future date and request that a decision is not made on your application until we receive your new test scores.

A few points to remember:

  • The Admissions Committee will review all of the application materials carefully.  The GMAT is important, but it is just one part of the application.
  • The GMAT was designed to help business schools determine your potential to succeed academically in Fisher SMF classes.  It is possible that you have enough other evidence in your application of strong academic potential and the GMAT may be relatively less important.
  • Be self aware – Are your qualifications in line with those set forth on SMF’s FAQ’s?  Manage your expectations.
  • If you are interested in being considered for merit-based financial aid, the two quantitative measures primarily used to evaluate candidates are the undergraduate GPA and the GMAT.  Most of you are unable to impact your undergraduate GPA at this point.  If you feel that your GMAT score is sufficient for admission, but you believe you have the potential to do better, it may be worthwhile to retake for the possibility of funding.
  • If someone gets a better score by retaking the GMAT, the average increase on a GMAT retake is 30 points.  Most people actually perform the same or do worse.  We only recommend that you retake the test if the circumstances around the test day were not ideal or if you have some reason to believe that you did not perform to your maximum potential.
  • If you do plan to retake, give yourself plenty of time.  We recommend about 6-8 weeks of preparation – don’t rush into it before you are ready!

Good luck!!


Gimme a G-M-A-T! What does that spell? GMAT!!!

The GMAT is a four letter ‘word’ that perpetuates fear into many of its takers.   However, with proper planning and preparation, you can be successful with the GMAT.

“What if I get a low score?”  Please keep in mind that the GMAT is only part of your application.  If you did not do as well as you had hoped, there is good news.  You are allowed to take the GMAT again and we will look at your BEST overall score (not the individual components).  Realistically, you probably will not dramatically increase your score, but if you believe you had a ‘bad test day,’ you may want to consider retaking the GMAT.

Here are a few tips from mba.com:

  • Use the allotted testing time wisely by becoming familiar in advance with the test, the kinds of questions asked, and directions for each section.
  • Read all test directions carefully.
  • Read each question carefully and thoroughly.  Before answering a question, determine exactly what is being asked, then eliminate the wrong answers and select the best choice.
  • Once you have selected your answer to a question you will be asked to confirm it.
  • Pace yourself so that you have enough time to answer every question. Pay attention to the number of questions and the amount of time remaining during your testing session.

Best of  luck, friends!