Category GMAT

Description for GMAT

Manhattan Review provides its students with topnotch prep courses that will allow students to tackle the challenges found in the GMAT. For young and aspiring entrepreneurs, entry into a top business school is vital to their future success. You have us on your side and quite frankly, our courses are more than capable of pushing you over the top. Assistance like that is valuable and necessary if you want to enter one of the ten toughest business schools in the country:

School name (state) Full-time applicants Full-time acceptances Full-time acceptance rate U.S. News rank
Stanford University (CA) 6,618 466 7.0% 1
Harvard University (MA) 9,134 1,013 11.1% 1
University of California—Berkeley (Haas) 3,444 420 12.2% 7
Massachusetts Institute of Technology (Sloan) 4,490 599 13.3% 4
New York University (Stern) 4,416 601 13.6% 11
Columbia University (NY) 6,669 1,062 15.9% 8
Dartmouth College (Tuck) (NH) 2,744 492 17.9% 9
University of Pennsylvania (Wharton) 6,442 1,209 18.8% 3
Yale University (CT) 2,823 539 19.1% 10
Northwestern University (Kellogg) (IL) 5,305 1,119 21.1% 4

If the school you were seeking a nod from was not on this list, you can expect a 50-50 chance of getting accepted. While that may seem low to you, it does not beat the extremely low acceptance rates that Stanford University, Harvard University, and UC-Berkley are known for. Manhattan Review’s founder, Prof Dr. Joern Meissner, received his Ph.D in Management Science from Columbia University, which currently boasts an acceptance rate of 15.9%. With this in mind, you can use years of knowledge and prep expertise collected by him and his staff to assist you in preparing for the business world.

Much of the information above can be found in the original U.S. News article here.
For more information on a Free admissions consultation and GMAT preparation, contact Manhattan Review today.

Posted on December 10, 2012 by Calvin

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Not everyone studies for the GMAT or approaches it in the same way, so we at Manhattan Review have come up with a list of helpful tips and strategies anyone can use to come out at the top.

  • Practice with a time limit
    The GMAT is timed so it is best to work problems under a time constraint. In doing so, you will learn how to effectively manage your time. While studying without a time limit is sensible, you cannot hope to accurately gauge how you will perform “under the gun” if your practice sessions do not closely mirror the real thing.
  • Complete every question
    We cannot stress this enough! You will be penalized more for not writing down an answer than you would writing down a wrong one. If you cannot solve/answer a question within a reasonable amount of time – i.e., two minutes – skip it, make note of it, and then move on to the rest. If you have managed your time correctly you should be able to go back and complete any missed questions.
  • Focus on the problem at hand
    You must not think about a question you had to skip over or the upcoming Integrated Reasoning section or anything else for that matter; focus only on the problem you are currently tackling. This will allow you to think clearly, answer properly, and assist you with pacing.

This is but a small number of strategies to assist you with the GMAT. For more detailed information, contact Manhattan Review today.

Posted on December 4, 2012 by Calvin

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While the total volume of people taking the GMAT over the last year fell marginally from the year before, and again from it’s all-time high in 2009, the percentage of those test-takers who were women or from racial minorities grew significantly in the 2010-2011 GMAT season.

Below are some of the most significant shifts in the test taking population from 2011:

GMAT Snapshot

The percentage of female test takers increased for the sixth consecutive year to 41%, which is up from 39% just two years earlier.  The fastest growing group to mention in the GMAT pipeline is the under 24 year old population, which has exploded since 2007 – reflecting the push for those seeking post-graduate degrees to do so more quickly than in the past, mainly due to the abysmal job market.

These changes reflect the larger trend in higher education for an increasing amount of minority and international students to apply and be accepted to post-graduate programs across the globe.


http://www.gmac.com/gmac/NewsandEvents/GMNews/2011/Nov/GMAT-Test-Taking-Reflects-Growing-Program-Diversity.htm

Posted on December 10, 2011 by Manhattan Review

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Harvard Business SchoolHBS Culture 

Harvard Business School has been implementing  many new changes that all focus on collaboration.  Every admitted student is given a face-to-face interview with the admission committee to get a better idea who they are as people, and how they work with others.  Collaboration is ultimately the tool to making a difference in the world.

HBS MBA classes are always diverse.  There is no ideal HBS student.  The admissions committee is looking for students from a variety of backgrounds to present a host of perspectives and get students thinking creatively. Sure they will share common traits such as strong analytical skills,and good leadership qualities.  But the important thing is that the students can work well with each other and bring their own unique perspective to the table, ultimately creating a more comprehensive and beneficial program.

New Initiatives at HBS

Harvard is encouraging undergraduate seniors to apply to HBS throughout the year instead of the usual just during the summer now that Harvard 2+2 Program is up and running.  In keeping with these new changes, Harvard has added new course requirements for first year students emphasizing small group collaboration and hands-on application of the material.  The new course series, called The Field Immersion Experience for Leadership Development (FIELD) is detailed in the 3 Modules below.

1) Leadership Module

The Leadership Module emphasizes small group work and close collaboration with the faculty to provide insight into the best leadership qualities.

2) Module 2

Module 2 will place new student in 14 different cities in 11 emerging economy countries to receive hands on experience in product development exercises.  THe 11 countries will include China, South Africa, and Vietnam, among others.

3) Integrative Exercise in Entrepreneurship

In this module, the student start their own companies, focusing on marketing and customer service.

HBS Financial Aid Information

Harvard Business School encourages all undergraduate students to apply no matter their financial standing.  Financial Aid is not applied for until after the acceptance of the student. Further, the Harvard Alumni have been very receptive to supporting new HArvard students and their education.

Some Quick HBS Admissions Facts

  • Harvard looks at their prospective student holistically, never using a point system or structured formula to judge the quality of the student
  • Harvard Business School class is about 39 percent women
  • About one-third of the class members are non-U.S. citizens

For more details, please also read our Harvard Business School Admissions Tips.

Obtaining an Masters of Business Administration can provide you with a world of possibilities in you career. As Dave Wilson, president and chief executive officeer of the Graduate Mangement Admissions Council and a 1965 MBA grad from University of California, Berkeley’s Haas School of Business, says,  ”An MBA opens the door,”  ”When you get in there, it gives you a sense of perspective, a balance, a world view that is often different from what you would have had before you took the degree.”

Most student will give credit to the success they have had in the working world, to the material and lesson they learned in business school.  Further, business school gives students the opportunity to really find themselves and learn what they are truly passionate about, ultimately translating this passion into a career. Under this pretense, Bloomberg Businessweek has tracked the growth of the top MBA grad of 1991 and examined what an MBA and 20 years of work has done for them.  We have copied the five examples that they include below.  Their stories show what an MBA can really give and what doors this degree can open.


Tom Anderson

Then: MIT Sloan School of Management Class of 1991, Seley Scholar, the most distinguished of Sloan’s achievement awards honoring outstanding leadership, professional promise, high academic achievement, and contributions to the school

Now: CEO, Education Dynamics

Tom Anderson graduated from Dartmouth in 1984 with a math degree and a plan to go into medicine. But after speaking to some doctors who expressed regret with their career choices due to the HMO mess that characterized the 1980s, Anderson changed his mind. He took a job teaching high school math for a few years and then joined Paine Webber as a stockbroker. He spent three years at the firm, and in that time he found himself drawn to asset management. But to make the job switch, he was going to need an MBA.

Anderson went out on a limb and applied to only one school: Sloan. “Fortunately I got in,” he says. “I went there expecting to go into asset management, but one of the great things about the top business schools is that you get incredible exposure to a bunch of different companies and different fields in different professions.”

After earning his MBA, Anderson signed on at McKinsey & Co. He worked there for the next decade, moving up the corporate ladder and eventually becoming a partner. He left McKinsey and joined Capital One, where he successfully ran, then sold, one of its medical lending businesses. Then, after taking on a similar role at three other businesses, Anderson gained a reputation as a star CEO in the private equity world.

Anderson now fuels a passion for education as the CEO of Education Dynamics, which aims to help adult learners find the right schools and the right degree. “Sloan was a life-changing experience for me on many dimensions,” he says. “If I could have figured out how to get paid and do that my whole life, I would have been a permanent student.”


Martha Blue

Then: University of North Carolina’s Kenan-Flagler Business School Class of 1991, Valedictorian

Now: Co-founder, Real Change Strategies

Martha Blue’s career began in fixed income sales and trading at Goldman Sachs after she graduated from the University of Pennsylvania in December 1986 with an accounting degree from the Wharton School. She stayed at Goldman for two years before deciding it wasn’t for her.

Blue took a six-month break in Florence, Italy, then returned stateside with a plan to earn her MBA. After spending a weekend in Chapel Hill, N.C., she knew that UNC’s Kenan-Flagler School of Business was her MBA destination. “The school had so much energy and so many people dedicated to making it a world-class program,” Blue says. “It was the most realistic preparation for a work environment you could get at a business school.”

Upon graduating from Kenan-Flagler, Blue spent four years at McKinsey & Co., while trying to decide which industry she could bear spending the next 20 years of her life in. She ultimately settled on the nonprofit sector. After working for a conservation group for a year, she founded Blue Consulting in 1996, which served a mix of for-profit and nonprofit clients. Then, in 2007, she co-founded Real Change Strategies, which only serves nonprofit organizations.

Two decades later, Blue says her MBA was “crucial” to her career development. “It gave me a broad view that I would not otherwise have gotten,” she says.


Peter Ebell

Then: Southern Methodist University’s Cox School of Business Class of 1991, Valedictorian

Now: Founder, Bellwood Capital

South African by birth, Peter Ebell earned an engineering degree in 1986 from the University of the Witwatersrand in Johannesburg. He served in the navy for two years after graduation and then found a job at Johannesburg Consolidated Investments, focused on the gold and platinum mining industry.

After a year and a half, Ebell began to wonder what it would take to move up the corporate ladder into a “top job.” It was quickly evident he needed a strong background in finance to get those kinds of positions, so he decided to enroll in a one-year full-time MBA program at Southern Methodist. While there, he became especially impressed with the finance program, specifically the training in derivatives.

Once he obtained his MBA, Ebell returned to South Africa and became an equity analyst, eventually convincing the higher-ups at his firm that derivatives were something important to get involved in. Four years ago he moved back to the U.S. and is now in the process of seeding his own hedge fund, Bellwood Capital, in Massachusetts. “I’m very happy with my career path as it’s turned out,” Ebell says. “I wouldn’t say I learned a lot at Cox. It indicated to me where my interests lay, effectively, and because of that I was able to develop those interests.”


Andrew Grengos

Then: UCLA Anderson School of Management Class of 1991, Edward W. Carter Fellow, awarded to the top 2 percent of each full-time graduating class at Anderson

Now: CEO, Neuraltus Pharmaceuticals

Andrew Grengos graduated from MIT in 1986 with a bachelor’s degree in chemical engineering only to find that he didn’t think it would make for an interesting career. He worked for Morgan Stanley for two years before deciding he needed to be more well-rounded, having never taken a business or economics class in his undergraduate studies.

The Australia native looked at graduate schools on the West Coast and settled on Anderson after hearing about its strong finance program. “I truly had these big functional expertise blank spots,” Grengos says. “Knowing those blank spots and filling them, I absolutely think it was very helpful to me.”

After paying for his MBA completely out of pocket, Grengos spent more than six years working for McKinsey & Co., before moving into the biotech industry. He served as the chief business officer and head of corporate strategy for companies such as Chiron, Dynavax Technologies (DVAX), and Amgen (AMGN), before he decided he was ready to try his hand at running a company. He chose Neuraltus Pharmaceuticals based on its work in the neurodegenerative disease space, an area of interest to him because of his father’s bout with Alzheimer’s. “I thought there’d be some good karma spending a chunk of my career working in a place that was trying to help people like my father,” he says.


Scott Moyer

Then: Georgia Institute of Technology MBA Class of 1991, Student of the Year

Scott Moyer graduated from University of California, Riverside in 1987 with a degree in administrative studies, a “fairly generic degree,” he says, that lacked specificity.

After working for an engineer for a short while, Moyer followed his fiancée to Atlanta and enrolled in Georgia Tech’s full-time MBA program in 1989. He tested out of three of his core MBA courses and was able to take electives with the second-year MBAs. “Many of the (second-year students) were seriously trying to get into a full-time job,” Moyer says. “I figured out early on that if I could get straight A’s my first quarter, that would get me an internship.” And he did, with former Big Five accounting firm Arthur Andersen.

Moyer graduated with his MBA and CPA in 1991 and was hired full-time at Arthur Andersen. He worked there for four years before deciding he wanted to do more consulting work. He later worked with Coca-Cola (KO) and Siemens One (SI), where he became chief financial officer in 2001.

A recovering serial CFO, Moyer now works as a director at PricewaterhouseCoopers overseeing consulting projects. “I wouldn’t be anywhere if I hadn’t gone back to get an MBA,” Moyer says. “I was drifting in the wind trying to figure out what I wanted to do, and going to Tech made it very easy for me to focus on an area of expertise.”

“Standing Out” in a Business School Application

The desire to “stand out” (while inherent in all applicants), is not what the admissions committee wants you to be thinking about during your application process.  The most important aspect is to answer the questions clearly, making sure you are doing the best job you can to tell YOUR story; instead of constantly trying to put yourself in a context outside of where you think the other applicants are.

I have heard admissions committee members say numerous times that over-thinking and over-crafting your application can ultimately hurt your overall chances of acceptance.  Often times, students attempt to say exactly what they think the admission committee wants to hear, when what the admission committee REALLY wants to hear is the student’s story told truthfully and thoughtfully.

The Role the GMAT in your MBA application

The GMAT Exam is a chance for the student to prepare for an exam and take on a challenge.  Of course, no student walks into an exam without preparing first. Use your GMAT efforts and scores to highlight the areas that you think may be missing from you undergraduate and work experience. If you do not have much quantitative experience, focus on that area of the GMAT to portray to admissions committee that you can do great work in that area as well. Remember it is still just one piece of the mosaic that is your application.

Essays

Many students get very anxious about the essay portion of an MBA application because they believe that this is the section that they have the most control over (unlike the recommendations, undergraduate records, and your job).  However, it is important to remember that the essay is just another portion of the holistic presentation of your application.  It is not a writing contest, but more so, another tool to present YOU as a prospective business school student. So personalize it. Focus on the areas of your life that you are most proud and passionate about.  These items will ultimately be your strongest point in conveying your growth over time and your ability to succeed.

Recommendations

Try to pick a person to recommend you that you have known for a long time. Admissions Committees look for recommendations that are personalized and give somewhat of an inside look into how the student works and presents themselves.

Diversity on an Application

Diversity is an important factor to consider when applying to business school. However, it must be done so in the right way.  Many times, students think they must emphasize the diversity that they have been exposed to in the workplace or at school.  However, there are many different types of diversity to consider and a very important one is the way in which you lead.  From the student leader who wants to be president of the United States, to the entrepreneur who likes to work in small teams and getting a new business up and running, business schools look for Diversity of Character and want to find student who can lead in effective and creative ways.


Hope these tips help! For more tips, please visit our MBA Admissions Advice.

Posted on November 7, 2011 by Manhattan Review

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General Information

  • The LSAT is the standardized achievement examination for law school admissions in the United States and is produced by LSAC, Inc.
  • It was first administered in 1948 and has remained one of the most consistent and standardized of all entrance exams.
  • The LSAT has historically consisted of 3 multiple-choice types and an essay; the multiple choice section types are Reading Comprehension, Logical Reasoning, and Logic Games.
  • The LSAT is required for admission to LSAC-member law schools, most Canadian law schools, and many non–ABA–approved law schools.

Scoring

  •  It is a 3.5 to 4 hour test and can be taken at any one of many test centers in the United States and around the world 4 times a year.
  •  The LSAT composite score ranges from 120 to 180 and is drawn from the four scored multiple choice sections.
  • There is no penalty for incorrect answers on the LSAT.
  • The writing section does not get factored into the composite score.
  • A 35-minute writing sample is administered at the end of the test. LSAC does not score the writing sample, but copies of the writing sample are sent to all law schools to which you apply.
  • The writing sample is the cover sheet for your application when it is submitted by LSAC and is seriously evaluated.

Standards and Norms to Know

  •  It can be taken as many times as desired, but law schools prefer applicants to have tested fewer than three times.
  • Applicants with multiple scores are assessed by law schools by varying standards, with some schools taking an average, others taking highest score, and others taking newest score.
  • The average and most popular LSAT score for nearly all administrations is 151.
  • Only individuals with serious intention of applying for law school admission may take the LSAT.
  • The test measures a student’s aptitude in those disciplines required in the legal profession: understanding and creating solid arguments, logical thinking, and document analysis.
  • It costs $127 to register for a single LSAT administration.  An additional fee of $12.00 per law school is charged for score reports. The LSAT is held only 4 times a year (June, September/October, December, and February)

Administration

  • It costs $127 to register for a single LSAT administration.
  • An additional fee of $12.00 per law school is charged for score reports.
  • The LSAT is held only 4 times a year (June, September/October, December, and February)

Posted on October 21, 2011 by Manhattan Review

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General Information

  • It’s a 4-hour Computer Adaptive Test (CAT) that can be taken at any one of many test centers around the world 5 or 6 days a week.
  • You may take the GMAT only once every 31 days and no more than five times within any 12-month period.
  • This policy applies even if you cancel your score within that time period, and all of your scores and cancellations within the last five years will be reported to the institutions you designate as score recipients.
Analytical Writing Assessment
  •  It’s made up of three sections, the first being the Analytical Writing Assessment, or AWA.
  • The good news is that there are only two questions in this section, the bad news is that they’re both essays.
  • One question asks you to analyze an issue, the other asks that you analyze an argument.
  • You are given thirty minutes to answer each question.
  • Your score on this question will range anywhere from a 0 to 6 (in increments of .5), and this section won’t have any affect on any other GMAT score.
Math Section
  • After finishing the AWA, the next section you’ll encounter will be the Math section.
  • There are 37 questions in this section, and about four of them will be trial questions which won’t count towards your actual score.
  • You’ll have seventy-five minutes to answer an assortment of Problem Solving and Data Sufficiency questions.
  • Your score will range anywhere from 0-60, with a mean score of 35/45th percentile.
Verbal Section
  • When you’re done with the Math section, you’re going to move into the last section: Verbal.
  • There are 41 questions in this section, and just like with the Math section, you’ll be given 75 minutes to answer all of them and four questions will be trial questions that won’t be counted towards your actual score.
  • There are three different kinds of question in this section: Critical Reasoning, Sentence Correction, and Reading Comprehension.
  • Your possible score will range anywhere from 0-60, with a mean score of about 27.3/46%.
  • In total, you’ll be given four hours to complete the GMAT and your overall score will range anywhere from 200-800.

Posted on September 29, 2011 by Manhattan Review

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Do you want to broaden your horizon with new methods of studying? Could studying with others be more effective than studying alone? Manhattan Review is now offering free GMAT, GRE, TOEFL, SAT, and LSAT study groups at our New York City location close to Grand Central and Time Square. Our offices have conference room spaces for you to huddle and study together!

Come to our office to gather with other students like you to help improve your studying and learning techniques. We also offer free mock exams that will help you access your strengths and weaknesses!  Our study groups will help you develop your own studying plan and give you that extra boost your studying needs! Our professional help will give you that competitive edge you need for future success.

In addition, now you can push it to the limit with our FREE GMAT, GRE, TOEFL, SAT, LSAT Mock Paper Tests here at Manhattan Review! The environment you surround yourself with when prepping for such tests plays a large part in your test performance. With our new free testing, you will able to fully concentrate on selected material with a comfortable and positive environment. Test your stamina and see how much you can improve throughout our new program. Our professional team will guide you to the success you deserve.

We are dedicated to our students here at Manhattan Review and want to see our mock tests improve all grades! Don’t wait to come in and start our free testing program today.

Our study groups and mock paper tests are held Monday through Friday from 6pm to 10pm and Saturday and Sunday from 10am to 5pm! The nearby subway stops are Grand Central or Time Square on No 1, 2, 3, N, R, S, B, D. So what are you waiting for? Contact us now at (646) 429-1700 or email us at support@manhattanreview.com. Boost those test scores now with Manhattan Review!

“We are the only test prep company that offers a plan customized to your specific needs to help you succeed.” All study group and mock test visitors will be entitled to a special discount from us, along with free admissions candidacy evaluation!

Posted on January 17, 2011 by Manhattan Review

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In face of the increased competition from GRE, administered by the ETS, and the changes in admissions processes preferred by business school worldwide, Graduate Management Admissions Council (GMAC) has decided to add a new section, Integrated Reasoning, to its challenging Graduate Management Admission Test (GMAT).  This new section of the exam is designed to test advanced reasoning skills and is separately scored from the total 800 score of verbal and quantitative sections. It is to launch in the 10th edition of the GMAT on June 4, 2012, less than two years away from now.

In spring 2010, GMAC piloted the new section with current MBA students and plans to pilot it again with thousands of students this fall.

GMAC states: “The new section will replace one of the two writing sections currently on the exam.  It will be scored separately and have a new audio component for some questions.  The test’s current verbal and math sections will remain unchanged.”  The new changes in the exam are the following:

  • Test takers will need to interpret charts, graphs, and spreadsheets, and answer interactive questions that will test their analytical skills.
  • Test takers will be asked to analyze information, draw out conclusions and determine relationships between data points.
  • Test takers will wear headphones while taking this portion of the test.  The use of headphones is a new feature that will help schools assess students’ auditory learning style.
  • Rather than just multiple-choice questions, test takers will drag-and-drop data points, as well, as write mini-essays.

GMAC has released a sample question similar to questions that will appear on the new test. Students are asked to look at a table that sorts like a spreadsheet and detail the number of passengers and airline movements at 21 airports around the world. They are then presented with a list of statements about the information in the table and asked to determine which of the statements are true based on the data in the spreadsheet. Other exercises include using the same table to evaluate the reason for or likelihood of certain outcomes, or to use the table to determine where other airports rank.  Some other possible questions may be to determine a country’s plans for a road.  This would include looking at maps and government data.

Below is a sample question with the data tables and charts test takers will see in the new version of the GMAT. To view the data table and graph click on the link below!

Sample Question Data Table/Graph

1. Of the models with Gasoline Engine Type, the model with the greatest ratio of City MPG to Highway MPG is also the model with the greatest difference between Highway MPG and City MPG.


2. The minimum City MPG for a Toyota make is less than the maximum City MPG for a Volkswagen make.


3. A model chosen at random from those models with a Highway MPG greater than 30 miles per gallon has a 50% chance of being a Toyota.


4. The median carbon footprint for all models is greater than the mode carbon footprint for all models.


5. The standard deviation of the Highway MPG values for all BMW models is lower than the standard deviation of the Highway MPG values for all Toyota models.

Integrated Reasoning Answers: Statements 1 and 4 are FALSE; Statements 2, 3, and 5 are TRUE.

Why the new changes?  These changes are due to the evolving trends seen in business school classrooms.  This is a way to distinguish between those students who will adapt well in the classroom rather than just score a high score on the GMAT, making it easier for business schools to select who to be admitted. This new change is welcomed with great enthusiasm by business schools. GMAC created the section after b-school faculty members expressed a preference for proof that students could read, synthesize and reason well from a set of data within a limited amount of time without relevant in-depth knowledge and any memorization.

The addition of 30-minute Integrated Reasoning in replacement of one of the Analytical Writing Assessment sections is the biggest change to GMAT since it became a computer-adaptive test in the late 1990s. Other recent year changes occurred in 2006 after the switch over of the test administration from the ETS to Pearson. However those changes are more in rules and format, less in content.

Some students may fear that with this new section added to the GMAT, their score may not be as high than with the old exam.  Fear not.  GMAC is planning outreach and educational programs for business school faculty and students.  These programs will include information sessions and details on the new tests.

To get a better sense on the new integrated reasoning section click on the title below:

 Next Generation GMAT Question Demonstration

We at Manhattan Review wholeheartedly support such a constructive change on the GMAT and are prepared to incorporate the teaching of the new section into our curriculum. We strongly feel that without changing the existing verbal and math questions and one of the writing sections, the new Integrated Reasoning section will make the test much improved and effective while minimizing implementation costs. A win-win solution for all parties involved! However, this new section does seem to put more emphasis on extensive data analysis, which might be a challenge for students who are not used to seeing a large amount of data in a spreadsheet format. 

Posted on June 28, 2010 by Manhattan Review

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