Hi everyone,
I am quite new to this forum (joined in December 2017). I took the decision to take the GMAT last December and finally appeared last Saturday (24 March 2018) and scored a 700 (Q46, v40, IR7). This forum has been quite helpful to me in my preparation and in this post I will share my experience as well as seek some advice from all the beautiful souls out here.
My profile:
Female, mid-20s, Finance major (CGPA 3.90 on a scale of 4.00), Non-native English speaker, 4 years of experience at a well-known multinational bank
Preparation:
Throughout my preparation period I was working an average of 12 hours per day (add to that 3-4 hours of commute) and I hardly had time to study on weekdays.
I did not purchase any 3rd party materials and relied mostly on GMAT OG for my preparation. I made it a point to review each and every explanation irrespective of whether I got the answer right or wrong in the first place. This helped a great deal in developing my SC and CR skills.
I also used the free trial version of Economist GMAT. I did not like it much as I could not choose the specific topics in the free version. However, I took this course at the very beginning of the journey so it helped me understand the structure of the exam, as well as the importance of pre-thinking in CR and estimation techniques in Quant.
Practice test: In the very beginning, I took GMAC Test 1 and scored a 710. Towards the end, I took
MGMAT CAT#1 (free) - the Quant was unusually difficult here and I scored a 690. I was supposed to take GMAC Test 2 the day before exam but could not manage the time.
All in all, I feel I could have done much more on the preparation side, but the workload and some personal priorities took their toll and I decided to sit for the exam anyway rather than delay it any further.
Exam day:
I chose the sequence Quant - Verbal - IR- AWA.
I cannot even begin to tell how shocked I was to see a score of Q46 (60%). I have been a Mathematics topper all my life and in both the practice tests that I took, I had scored 49-50 in the Quant section. While the V40 (91%) did save my final score, I don't think I will ever get over my dismal Quant score. In hindsight, I think it's the DS questions that killed it. I remember feeling that I was taking too much time and hence breezing through some of the DS questions towards the middle of the test. I believe I got unlucky and must have got most of them wrong as I started getting some very easy ones towards the end, although I had quite a few minutes remaining to spare by then.
What worked well for Verbal was probably pre-thinking strategy for CR and RC, as well as the OG explanations for SC. I remember rushing through one RC and a few CRs in the middle as (again) I felt I was taking too much time. In the end I had approximately 15 min left for 6 questions, with none of them being RC. However, I think I got lucky with my calculated guesses in Verbal (unlike those in Quant) which resulted in the beyond-my-expectation score!
Tips
Although I was half as prepared as many of the experts in this forum are, here are my two cents which I believe can be helpful for future examinees:
1. Don't follow the timing too religiously. I read somewhere to be guided by this 'chart', where you should be spending 10 minutes every 5 questions for Quant and 9 minutes every 5 questions for Verbal. I followed this too strictly which basically made me panic in the middle of the test and consequently, I was left with quite a few spare minutes in both sections towards the end.
2. Don't take your strengths for granted. All my life I thought I had superior quantitative skills, always aced through quantitative courses in school and undergrad. This is probably why I focused more on Verbal in my prep and less on Quant. In the end, I am left speechless with the 60% score in Quant which is far below my potential.
3. IR is NOT a beast: I started practicing IR in the final week of my preparation and no matter how hard I tried, I could not finish all questions within the allocated time of 30min and never scored above 4.5. I was worried about IR more than I was about Quant. I felt a poor IR score would give business schools the impression that I am not much of a business executive material. In the exam, however, I found the IR questions to be quite decent with no significant number crunching and finished all of the 12 questions within 28min. Got 7 out of 8 in IR as per the unofficial score. So yeah, don't fret over it too much.
Should I retake?
Now, for the tough part... 1 week after the exam, I am still appalled at the imbalance in my scores. As much as I am happy with the overall score, I would have been more than willing to give up a few points in Verbal in exchange for a few on Quant. Now I am uncertain as to whether I should retake the exam to get a better balance of scores, given that I am targeting some of the top schools worldwide.
Factors working against the retake
- As mentioned earlier, I have a good overall quant background to establish my case and make up for the imbalance to some extent. I have been a mathematics topper all my life (received the highest marks in the world in Mathematics in my O'Levels and went on to major in Finance, graduating Summa Cum Laude with a CGPA of 3.90/4.00). I am also pursuing my CFA (already passed Level 2) which shows I will be able to handle the course material in MBA/ Masters in Finance whichever I choose.
- I have already invested significant time on this and am not sure if further time investment would be optimal to get a 20-30 point increase. Also, I have my CFA Level 3 exam coming up in June, which means I will only be able to prepare for the retake after June. This would be 3 months away from now and might mean I would have to start all over!
Factors working for the retake
Only factor working is I have made some silly mistakes in Quant and with some practice, I believe I can easily get a 20-30 point increase in the overall score with at least 80% in Quant.
So good people in this forum, I would like to ask you to share if anyone has been through a similar situation and your advice to me in this case. Should I continue with my applications with this imbalanced score if I am targeting top 10 US schools?