Find all School-related info fast with the new School-Specific MBA Forum

It is currently 11 Jul 2014, 10:15

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

GMAT Prep on the Cheap side - how to save the most money

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Expert Post
Founder
Founder
User avatar
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 11989
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5
WE: Information Technology (Hospitality and Tourism)
Followers: 2134

Kudos [?]: 7276 [0], given: 3618

GMAT ToolKit User Premium Member CAT Tests
GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 09 Aug 2009, 17:10
Expert's post
1
This post was
BOOKMARKED
I thought I would address a topic that sometimes comes up on GMATClub, esp among the international students that may have modest budgets and frugal members that are just plain cheap :-D

So here is one of the routes to break the 700 barrier for the least amount of money (Work in Progress):
I am going cheap all-in. Feel free to adjust to your tastes.

GMAT-related Expenses:
1. GMAT Registration Fee: $250


2. Self Study Books
A great resource that many disregard are used and older GMAT books. For instance, I prepared using Kaplan's 2001-2003 Book and scored 750. Would I be able to to score 750 today? Probably so. The prep approaches may have gotten a bit refined, some minor mistakes fixed, layouts changed, etc, etc but the strategies in the 2010 edition of Kaplan are still the same as in the 2001-2003 book. If you have $20 - always go for the latest book but if you are looking for bargains, you can pick up a Kaplan 2005 edition for $0.27 + shipping. ROI does not get any better than this, esp. taking into consideration that all questions and tests have remained the same :shock:

One of the Official Guide's editions is the OG 10 - it is available for only $3.19+shipping from Amazon. Some believe it does not have as many hard questions as the OG 12, but that's somewhat debatable.

Certain books should NOT be purchased used, such as above-mentioned Kaplan GMAT Live Online (CAT test access is online using a book code and expires 6 months after activation). Similarly, Manhattan GMAT Guides come with access to 6 online tests, access to which expires 6 months after activation. Keep in mind that you will most likely not get access to those resources, so in this case, buying a new book is the cheaper option.

As a rule, getting a new book, you will help you prepare in a more efficient and optimized fashion than an older one, but if your value of time is not high, getting an older edition may be worth it. See full listing of GMAT Club Recommended books here: top-gmat-prep-books-guides-reviews-comments-77703.html



3. Use Free GMAT Tests
1. GMAT Prep x2 - the best GMAT practice tests are free
2. Power Prep x2
3. GMAT Club Tests x2 and 30+ tests to members with 200 posts or 50 kudos
4. Manhattan GMAT x1
5. Kaplan x1
6. Princeton x1


4. Utilize GMAT Club Forums
Visit both Math and Verbal Forums on GMAT Club frequently - you will find that many people post questions here that they have issues with or don't understand. Guess what difficulty level those questions are? Hard! What else can you ask for if you have an army of people regularly posting hard questions for your review and another army replying with answers? How can you not get 700? :wink:


5. Want to save more money - drop the Official Guide
Yes - I know, I may sound mad, but that's true. I have personally prepared without the help of OG. Instead I used PowerPrep - previous version of the GMATPrep software and many of the questions it has overlap with the Official guide


6. Avoid GMAT rescheduling fees
If you want to reschedule your test date, it will cost you $50. If you do that within 7 days of the test date, you will lose the entire $250


7. Minor expenses
Many find that the GMAT Test simulation booklet is valuable and helpful for their practice. Most agree that it's not worth the hassle to make one since you can get it for $10 from Amazon, but if you don't have one around, you can simulate the simulation booklet using laminated sheets and some dry-erase markers.
_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... | Want to know your GMAT Score? Try GMAT Score Estimator
Need GMAT Book Recommendations? Best GMAT Books

Co-author of the GMAT Club tests

Have a blog? Feature it on GMAT Club!

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Kaplan GMAT Prep Discount CodesKnewton GMAT Discount CodesVeritas Prep GMAT Discount Codes
Current Student
User avatar
Joined: 18 Jun 2009
Posts: 361
Location: San Francisco
Schools: Duke,Oxford,IMD,INSEAD
Followers: 8

Kudos [?]: 61 [0], given: 15

GMAT Tests User
Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 09 Aug 2009, 17:58
Nice post. I would like to add that most of the local libraries which have all the major test prep books.
Intern
Intern
avatar
Joined: 02 Jul 2009
Posts: 16
Followers: 0

Kudos [?]: 1 [0], given: 12

Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 10 Aug 2009, 10:44
This is really great, i have a modest buget and i am by nature a bit frugal :-D , however i have bought the OG 12 edition and i bought Ez math basic workbook ( total waste of money, I am still kicking myself). I am really poor at math, so i also bought Cliff's Gmat math book ( great book and reasonably priced).

Last edited by nickesha on 10 Aug 2009, 10:51, edited 1 time in total.
Intern
Intern
avatar
Joined: 25 Jan 2009
Posts: 12
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 17 Aug 2009, 18:52
Thank you bb. Very helpful specially for gmat takers from my country where we only get Barrons.
Manager
Manager
avatar
Joined: 13 Apr 2009
Posts: 130
Followers: 1

Kudos [?]: 5 [0], given: 1

Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 19 Aug 2009, 04:15
Check out CraigsList, especially around congested test times like Fall, people will be unloading materials for cheap....
Intern
Intern
avatar
Joined: 25 Jan 2009
Posts: 12
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 25 Aug 2009, 19:12
Hi bb - appreciate your post. I got Kaplan's verbal & math workbook both 2nd edition. Wondering whether I would miss much if I don't go for latest edition for these two books.
Expert Post
Founder
Founder
User avatar
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 11989
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5
WE: Information Technology (Hospitality and Tourism)
Followers: 2134

Kudos [?]: 7276 [0], given: 3618

GMAT ToolKit User Premium Member CAT Tests
Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 25 Aug 2009, 20:27
Expert's post
rezrahman wrote:
Hi bb - appreciate your post. I got Kaplan's verbal & math workbook both 2nd edition. Wondering whether I would miss much if I don't go for latest edition for these two books.


You won't miss much. I have the latest edition of the Kaplan Math Workbook (not verbal though) and it is IDENTICAL to the First Edition I used in 2002.
There were a couple of typos in that edition, which I believe got fixed in the second. I guess in the third they fixed the errors that they made while reprinting the first. Anyway, I don't think you are missing anything.
_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... | Want to know your GMAT Score? Try GMAT Score Estimator
Need GMAT Book Recommendations? Best GMAT Books

Co-author of the GMAT Club tests

Have a blog? Feature it on GMAT Club!

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Intern
Intern
avatar
Joined: 25 Jan 2009
Posts: 12
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 25 Aug 2009, 20:52
This is a relief, thanks bb.

I have also noted in the forum that OG11 or OG12 any would do. If that is the case MGMAT 3rd edition can also be used in a much cheaper rate with OG 11. However don't know if there is any relation with MGMAT books with the separate OG quant or OG verbal book. Your observation pls.
Director
Director
User avatar
Joined: 03 Jun 2009
Posts: 805
Location: New Delhi
WE 1: 5.5 yrs in IT
Followers: 62

Kudos [?]: 373 [0], given: 56

GMAT Tests User
Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 26 Aug 2009, 00:49
Just to add to this:
In quant for some extra practice take out your old high school mathematics books. Be careful to pick the topics and exercises very selectively. Believe me, this is what I did :)

For Verbal, start reading the editorials in a daily published english newspaper.
_________________

ISB 2011-12 thread | Ask ISB Alumni @ ThinkISB
All information related to Indian candidates and B-schools | Indian B-schools accepting GMAT scores
Self evaluation for Why MBA?

Manager
Manager
avatar
Joined: 14 May 2009
Posts: 143
Schools: AGSM '16
Followers: 2

Kudos [?]: 12 [0], given: 28

Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 26 Aug 2009, 02:08
I'd also like to add that Platinum GMAT (http://www.platinumgmat.com) is a free online resource for GMAT preparation.
Director
Director
User avatar
Affiliations: Consortium (CGSM.org), NSHMBA
Joined: 25 Aug 2009
Posts: 937
Location: New Haven
Schools: Yale SOM Class of 2012
WE 1: Investment Banking Summer Associate (Boutique tech M&A)
Followers: 35

Kudos [?]: 213 [0], given: 111

GMAT Tests User Reviews Badge
Re: GMAT Prep on the Cheap side - how to save the most money [#permalink] New post 03 Sep 2009, 10:30
I'd like to add: be on the lookout for free stuff! I got two of my books for free this way (they had writing in them, but they were still useful). I regularly visit another forum from my town that is completely unrelated to b-school or GMAT. One day, someone posted that they were giving away 2 books for free.. the OG 11 and a Princeton Review one. Also check craigslist.org for people selling used books for cheap in your area.

Also, for about $20, you can get an MGMAT subject book + 6 full length practice CAT exams. I think this is the best deal out there, and I'd recommend that everyone at least spend this much. The full length tests are very helpful.
_________________

GMAT Debrief

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Re: GMAT Prep on the Cheap side - how to save the most money   [#permalink] 03 Sep 2009, 10:30
    Similar topics Author Replies Last post
Similar
Topics:
Selling cheap GMAT books PGPISB 0 25 Jan 2014, 01:45
Last minute savings on GMAT Prep from Kaplan Test Prep! sbo 0 28 Oct 2013, 06:36
4 Experts publish their posts in the topic Tips to save/manage money in school? isa 34 18 May 2009, 18:14
Experts publish their posts in the topic query..how to save gmat prep Q avni 2 23 May 2008, 01:35
Veritas Prep Class - Save Money by Referring jjsutantyo 2 29 Aug 2006, 09:00
Display posts from previous: Sort by

GMAT Prep on the Cheap side - how to save the most money

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: bagdbmba, WaterFlowsUp



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.