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22 Jul 2024, 12:12
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IshtarthUmesh
Similar Question. It's already stressful to prepare for the other sections and now this
22 Jul 2024, 21:19
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Praveen_Murugesh
Hi Praveen_Murugesh,
If you've been preparing for the GMAT, don't change your plans now. The impact of this essay issue is currently extremely limited, and shouldn't affect your decision (or IshtarthUmesh's decision) to go ahead with a scheduled GMAT appointment.
25 Jul 2024, 16:50
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Totally agree—ignore this development for now. It's only these two schools and only a minority of applicants are invited to interview. You may decide not to apply to either HBS or Sloan in the end. You may apply and not be invited to interview—it's so competitive.
If you do apply and you are invited to interview, then that's amazing news. You'll have to prep for your interview, so this is just another step in that preparation. It really doesn't take long to prep for the essay—less than 10 hours and probably less than 5 for many people. You don't need to ace it—you're just aiming for a 5+ score.
I don't work for GMAC, so obviously I don't know what happened behind the scenes. But given the lateness of this announcement from HBS, I would bet that, last year, all of the schools (or the major ones) were on board with the plans—including HBS—and then HBS changed their minds at some point in the past few months.
If Harvard had told GMAC last year that they were still going to want this, then GMAC wouldn't have completely retired the product and now have to be putting it back up again. Even if they still removed it from the exam, they would have had it ready as a standalone product by the time HBS made its announcement. The fact that it isn't already launched implies that HBS is kind of "going rogue" here.
Also, GMAC is charging $30 for the BWA with no score reporting fees. But it's still a proctored exam, and proctored services are quite costly. We talked to some proctoring companies back in 2021 about possibly offering a proctored practice exam experience for our students...but it cost way too much. $30 for a half-hour live-human proctored exam...I would bet GMAC is barely breaking even. I'd guess the proctoring company alone is getting at least 2/3 of that fee.
This whole situation would make a really good case study, actually. Or MSR problem.
If you do apply and you are invited to interview, then that's amazing news. You'll have to prep for your interview, so this is just another step in that preparation. It really doesn't take long to prep for the essay—less than 10 hours and probably less than 5 for many people. You don't need to ace it—you're just aiming for a 5+ score.
I don't work for GMAC, so obviously I don't know what happened behind the scenes. But given the lateness of this announcement from HBS, I would bet that, last year, all of the schools (or the major ones) were on board with the plans—including HBS—and then HBS changed their minds at some point in the past few months.
If Harvard had told GMAC last year that they were still going to want this, then GMAC wouldn't have completely retired the product and now have to be putting it back up again. Even if they still removed it from the exam, they would have had it ready as a standalone product by the time HBS made its announcement. The fact that it isn't already launched implies that HBS is kind of "going rogue" here.
Also, GMAC is charging $30 for the BWA with no score reporting fees. But it's still a proctored exam, and proctored services are quite costly. We talked to some proctoring companies back in 2021 about possibly offering a proctored practice exam experience for our students...but it cost way too much. $30 for a half-hour live-human proctored exam...I would bet GMAC is barely breaking even. I'd guess the proctoring company alone is getting at least 2/3 of that fee.
This whole situation would make a really good case study, actually. Or MSR problem.
