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GMAT Prep Software vs VERITAS PREP practice tests

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GMAT Prep Software vs VERITAS PREP practice tests [#permalink] New post 16 Feb 2015, 05:50
Hi ! Wanna know which one is more affordable: GMAT prep software or simulations on veritas prep?
Because in the first i got a 490 and in the second i use to be on a range that goes between 580-620.
Thanks :) :D
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Re: GMAT Prep Software vs VERITAS PREP practice tests [#permalink] New post 16 Feb 2015, 10:28
I used both the GMATPrep Software as well as Veritas Prep for my studying and found the questions on Veritas to be a little bit more difficult than some on GMATPrep. But, with that said, I think the Veritas tests are a great tool and will help you learn from your mistakes and score higher over time.

Since nobody actually knows the GMAC algorithm for scoring, all of the tests you take will NOT be perfect representations. However, people tend to think of the GMATPrep as the "most accurate" since it is developed by GMAC and likely contains the most similar algorithm to what it on the actual exam.

In terms of price, I believe the Veritas exams are $49 for 6 exams (free if you sign up for a class with them) and GMATPrep gives you 2 exams free with the software and then you can buy 2 additional exams for $50. I think both are a wise investment assuming you have the time to take practice exams.

If you are just starting your studying, I wouldn't look too much into the scores. Try to focus on areas that you are weak in and make sure you master the concepts (learning from your mistakes is the most important part of GMAT studying) and make sure that you make each test as realistic as possible (e.g. full length exam with AWA and IR sections). This way when you go to the test center on test day you will have the stamina to sit there for 4 hours straight.
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Re: GMAT Prep Software vs VERITAS PREP practice tests [#permalink] New post 16 Feb 2015, 10:44
Thank you so much. I asked because I found impossible that i answered to a 55% (of correct answers) but the GMAT software indicated me a percentile of 17% and it sounds really strange i think. So much difference between each other value.
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Re: GMAT Prep Software vs VERITAS PREP practice tests [#permalink] New post 16 Feb 2015, 11:04
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pao1093 wrote:
Thank you so much. I asked because I found impossible that i answered to a 55% (of correct answers) but the GMAT software indicated me a percentile of 17% and it sounds really strange i think. So much difference between each other value.



The GMAT does not have a direct correlation between the number of questions you have answered correctly and the final score. The correlation is much stronger between the number of difficult questions answered correctly and your final score. Hope this helps (though I think it confuses most people) - that's how it works.
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Re: GMAT Prep Software vs VERITAS PREP practice tests [#permalink] New post 16 Feb 2015, 11:06
pao1093 wrote:
Thank you so much. I asked because I found impossible that i answered to a 55% (of correct answers) but the GMAT software indicated me a percentile of 17% and it sounds really strange i think. So much difference between each other value.


That does seem a bit low but remember that the exam is adaptive to your ability. So if you get a bunch right, you will get harder questions. But if you get a bunch wrong, you get easier questions.

You may have missed some questions and then have fluctuated within a range around the 17th percentile as you got certain ones correct and incorrect. No exam is a perfect science since we don't actually know the algorithm, but the best way to improve is to review your entire exam after completing it. There is something to be learned from every single question you do. If you understand the key aspects they test it will only make you better off for the future.
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Re: GMAT Prep Software vs VERITAS PREP practice tests [#permalink] New post 16 Feb 2015, 17:10
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Hi pao1093,

You've brought up a number of important ideas/questions in these posts, so I'm going to answer them in order:

1) There are plenty of options when it comes to studying for the GMAT (and there's quite a "range" in the price of the various options). Instead of simply choosing the "most affordable" option, you should consider this whole process as an 'investment' in your future. Spending a bit more money now could lead to a much bigger payoff later (scholarships, an invitation to a better School, a higher-paying career, etc.). Beyond the price of any resource, there's also the question of whether that resource matches your personality and timeline. If a resource doesn't help you to improve (and hit your score goals), or you find it difficult to use, then it doesn't matter what it costs.

2) The percentile that you'll score on each section of the GMAT is based on how YOUR performance compares to THAT of other Test Takers. Using the numbers that you provided, you got about 55% of the questions correct, but relative to EVERYONE ELSE who took the CAT, you were at the 17th percentile (which means that 83% of Test Takers scored at, or above, your level). Percentiles can be dubious, from a statistical standpoint, which is why the SCALED SCORES are the ones that you should really be paying attention to.

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Re: GMAT Prep Software vs VERITAS PREP practice tests   [#permalink] 16 Feb 2015, 17:10
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