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4 weeks-700- shooting higher

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mmmmba
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4 weeks-700- shooting higher [#permalink] New post   01 Apr 2009, 11:49
I have been reading all the experiences and inspirational stories for past 6 weeks . It's my turn to thank everybody for sharing their advice and stories. I took my GMAT this morning and scored 700. It's much lower than what I really wanted but I guess I am gonna have to step up my game before I can score higher.

Here are my big takeaways which don't get mentioned often enough.

1. GMAT OG is crucial but a bit basic compared to GMATprep software. I have taken GMATprep software tests 3 times each and have encountered more than 85% new questions each time.
3. DS in Number properties is extremely crucial if you plan on scoring high in Quant.
4. 800score tests are often mentioned as tough, but I felt their tests were more on par with original GMAT.


I am not sure if my score will get me into the programs I want to get in. I plan to venture into Investment Management and would like to get into a top school. Suggestions anyone??
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pleonasm
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Re: 4 weeks-700- shooting higher [#permalink] New post   01 Apr 2009, 14:39
If you talk to the admissions committee of any top school - they'll tell you that the GMAT is not the ONLY measure of your application competitiveness. It is definitely a significant measure. A score of 700 puts you in the competitive category. What was the score breakdown ? If you managed to score above the 80th percentile in both Quant and Verbal - you should not worry about your score at all and rather focus on the essays and the rest of the application package.

Getting into a top program is mostly dependent on your leadership potential. As long as you can demonstrate that you have that ability in you to lead and succeed, you should be able to make it.

-pradeep
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mmmmba
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Re: 4 weeks-700- shooting higher [#permalink] New post   01 Apr 2009, 15:24
Pradeep,
Thank you for the insight. The breakdown was Q48 V37. Fatigue brought me down :( at the end in verbal. For lot of SC questions I felt like a deer in headlights. I am above 80% in both and overall score is 90%. I am an international student as far as B schools are concerned and there are very few schools offering loans without a citizen cosigner. I thought getting a higher score might improve my chances of getting into these schools. Do you have any suggestions around good schools and their loan programs. My focus areas are Finance/IB/Investment Management.

Thanks
mmmmba
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Re: 4 weeks-700- shooting higher [#permalink] New post   01 Apr 2009, 16:22
mmmmba wrote:
1. GMAT OG is crucial but a bit basic compared to GMATprep software. I have taken GMATprep software tests 3 times each and have encountered more than 85% new questions each time.
3. DS in Number properties is extremely crucial if you plan on scoring high in Quant.


I absolutely agree with you on these 2 points.

GMATPrep software had tougher questions compared to OG, especially in quant.

Also, Data Sufficiency (especially in number properties) get tested again and again along with inequalities.

How did you master DS in Number Properties?
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mmmmba
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Re: 4 weeks-700- shooting higher [#permalink] New post   01 Apr 2009, 20:53
BearStearner
I wouldn't say I mastered DS . I just did GMATprep over and over again? I made it a point to sniff for tricks even when answer seemed obvious. In the GMAT today I changed my answer from (c) to (B) many times after some deliberation in my head.
Are you already admitted to Cornell? I am also looking into their program. I think their Cayuga Fund is a good opportunity for people going for Investment Management. What do you think about my chances there? I have an IT background and planning to switch careers.

mmmmba
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Re: 4 weeks-700- shooting higher [#permalink] New post   01 Apr 2009, 21:02
mmmmba wrote:
Pradeep,
Thank you for the insight. The breakdown was Q48 V37. Fatigue brought me down :( at the end in verbal. For lot of SC questions I felt like a deer in headlights. I am above 80% in both and overall score is 90%. I am an international student as far as B schools are concerned and there are very few schools offering loans without a citizen cosigner. I thought getting a higher score might improve my chances of getting into these schools. Do you have any suggestions around good schools and their loan programs. My focus areas are Finance/IB/Investment Management.

Thanks
mmmmba


Well there's absolutely nothing wrong in aiming for a higher GMAT score. It might not add a ton of value to your application. For admissions officers a 700 and a 730 doesn't make a big deal of difference. If you get around the 99th percentile then that's a different matter.

Regarding loans for international students - If someone in the class of 2011 can comment on the loan aspect, that would be more appropriate. I think all top schools are now offering no co-signer loans international students. I'm sure Yale just approved a no co-signer loan for all international students.

-pradeep
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Re: 4 weeks-700- shooting higher [#permalink] New post   06 Apr 2009, 03:16
congratulations. Good luck on your application process.
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spgny
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Re: 4 weeks-700- shooting higher [#permalink] New post   06 Apr 2009, 13:36
I would look at schools that are known for finance such as Wharton, Columbia, Stern.....
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mmmmba
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Re: 4 weeks-700- shooting higher [#permalink] New post   06 Apr 2009, 15:18
Thank you everyone for your input.
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