does the gmat matter after graduation
Posted on
15
Sep 2020

Does the GMAT Matter After Graduation?

By: Apex GMAT
Contributor: Ivan Minchev
Date: 15th September 2020

High GMAT scores are a requirement for acceptance to thousands of different graduate programs, from top tier MBAS to EBMAs to PhD programs in business management. More than a quarter-million students take the exam every year. 

Admissions officers see GMAT scores as one of the most reliable predictors for future success. A high score signifies not only an applicant’s technical and quantitative proficiency, but also his or her ability to perform at a professional level. 

But do GMAT scores matter after graduation? The short answer is yes. Here’s why.

What exactly does the GMAT test for?

To understand why elite business schools and fortune 500 companies take GMAT scores so seriously, we need to ask another question first:

What exactly does the GMAT test for?

At first glance, the GMAT seems like a fairly standard exam; it tests for command over basic algebra, arithmetic, geometry, grammar, and multi-source data analysis. However, on a deeper level, the exam evaluates an applicant’s critical thinking skills and creativity–two essential traits in the modern, highly competitive business world. 

Why is a good GMAT score so important?

The GMAT isn’t about rote memorization. Every GMAT question has multiple paths to a solution. However, some paths are significantly shorter than others. The GMAT doesn’t test how much applicants know; rather, a successful applicant demonstrates what they can do with that knowledge in a narrow time frame. To do well on the GMAT, applicants must demonstrate a strong ability to analyze and contextualize information with speed and efficiency. 

GMAT performance has become one of the most decisive factors for business school admissions committees because the score isn’t just a score. It’s a representation of the candidate’s traits and abilities. A high score reflects focus, diligence, hard work, intellectual aptitude, and time management skills. A high score signifies not only a candidate’s technical and quantitative proficiency, but also his or her ability to perform at a professional level. 

Is taking the GMAT a must?

While every top tier business school requires GMAT scores, not every company does. A 2018 Graduate Management Admissions Council (GMAC) survey showed that only 6% of surveyed companies use GMAT scores in their employee selection process. Of the remaining companies, 21% stated that while a high GMAT score can help a job candidate, the GMAT doesn’t typically play a significant role in the selection process. The remaining 72% said they don’t consider GMAT scores at all.

However, the 6% that do use GMAT scores to vet job candidates are the cream-of-the-crop in the business world. All major banking, investment, and consulting firms, including Accenture and Goldman Sachs, require high GMAT scores for all positions–even internships. 

Most of these firms specialize in quantitative-intensive labor. As a result, the quantitative section tends to carry more weight. For example, if a candidate has an overall score of 680, but a quantitative score of 51, he or she has a good chance of getting an interview at a major firm.

However, there are diminishing returns. Many recruiters believe that a candidate’s efficiency doesn’t increase proportionately to the score. Let’s say candidate A has a 3.2 GPA, candidate B has a 3.5 GPA, and candidate C has a 3.8 GPA. The difference between candidates A and B is the same as the difference between candidates B and C. However, the value candidate B adds to the company compared to candidate A is a lot greater than the value candidate C adds compared to candidate B. This applies to GMAT scores, too. 

How to get a high GMAT score

The advanced skills that business schools and employers look for aren’t solely the result of inborn traits. With a positive attitude, drive, and high quality tutoring, these skills can be learned. Effective GMAT prep trains test takers in the crucial areas that promote logical thinking and mental acuity, and the work habits, determination, and rigor acquired throughout the preparation process lasts for a lifetime. 

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Posted on
13
Mar 2020

What Are GMAT Scoring Plateaus and How To Overcome Them

Mike from Apex GMAT, here to talk about scoring plateaus on the GMAT. You might be surprised to learn that I don’t really want to talk about specific scores. Plateaus exist and as tutors we kind of know where they are but the important takeaway is not to focus on the score but rather the skills that you have or don’t have that cause you to plateau at a certain level.

Scoring Plateaus Explained

Everyone goes through one or two, sometimes three plateau levels during their prep. This is very normal, but it can be disconcerting especially if it’s the first time that you’re encountering this. Or if you’re used to being excellent in school or with a particular subject matter. These scoring plateaus have everything to do with the way you approach a problem and what we call the level of abstraction that you understand the problem at. Whether we’re talking about quantitative problems or verbal problems. At different levels on the GMAT, it requires us to look at them from an increasingly abstract wide angle lens to understand what’s going on and what’s being asked of us.

The First Scoring Plateau (mid 500s)

At the most basic level, certainly through the first 40, 50th percentile on all the sections. So up to the mid-500s let’s say, most of what you’re being asked is skills oriented. That is if you understand the mechanisms of action the formulas the basic English construction behind problems you should be able to get to an answer. That’s not to say that your correct answer will have been done in a timely manner. That is that you’ve used the correct solution path or rather a time efficient, optimal solution path but you should be able to get there. But then the GMAT has to differentiate among all the people who have the base level skills and they really expect you to have these skills.

Implementing Your Knowledge

It’s not that they’re testing you on whether you know how to compute the volume of a cube. They want you to know that. They want to see what you can do with that when you’re presented with a more complicated problem. And so the first level skill set is to see a problem not as a, identify the problem, plug in a formula, analyze an argument, get to an answer, but rather be aware of the construction of a problem and understand what an optimal solution path looks like. Recognize shortcuts, recognize signals in the problem that permit you to have a greater understanding and a quicker decision process.

The Second Scoring Plateau

As we progress further, the next scoring plateau comes in where the GMAT that presents something in such a new way that you are not unprepared for it. Where you have to utilize and bring to bear some of your creative thinking skills to a problem because it’s presented in a way that’s less familiar or less practiced. The GMAT can do this at any level. But this means that your focus needs to go from understanding what’s in the problem to understanding what the problem is asking for and the common mechanisms of action that the GMAT will use to enhance the complexity of a problem. Once you’re aware of how they complicate a problem you can more readily address it. And directly utilize your knowledge of the underlying subject matter to come up with a creative on the spot solution.

Final Plateau

At the highest levels, this is in overdrive. Where you’re given a problem that’s highly complex and usually requires inductive rather than deductive thinking. Deductive thinking is starting with some premises and breaking them down further. Inductive thinking is taking your premises and what they break down to but adding something at the level above that. This causes us to be able to see something in this pyramid further down the line. This is a type of thinking that’s taught much less at schools. It is one of the core characteristics that allows for success at the highest levels of the GMAT. Where you need to think beyond what you’re given and create a new nest a new home for this problem that gives it additional definition.

This is of course much easier said than done. The scope of this video is to outline this thematically. If you look at our other videos, you’ll start to see hints of this framework as we talk about different problems, the way to approach them and of course what the GMAT exam tests. So check out some of our videos below and give us a call if you need some help. We’re here to help and we want to see you succeed.

If you liked this video, check out: GMAT: Not a Standard Standardized Test. For more videos visit: Apex GMAT Vlog

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