Folks,
GMATClub.com was extended an invite from the GMAC to attend the third GMAC Test Prep Summit, which took place on 10/15/2009 in NYC. I attended the conference on behalf of GMATClub.
GMAC has hosted a conference every two years (2005, 2007, 2009). The attendees of the conference were all groups or companies that offer prep for the GMAT. I was able to connect with people from
MGMAT, Veritas, score800.com, Princeton, Griffon Prep, Bell Curves, Manhattan Review, Ace Prep, etc.
The conference was rolled out to provide more outreach to test takers. Prior to this, the GMAC was focused on maintaining relationships with the schools and not much else. This changed when new people moved into senior positions (last 5-8 years). There has been a shift to provide more outreach to test takers. This can be seen with the major improvement in the OG books (from 9th to 12th edition), official verbal/math guides, GMATPrep, etc.
All in all, it was a very beneficial conference.
The write up is attached, and the attached PDFs are referenced in the write up.
Write up: GC Write up TestPrep Summit Oct 2009 - admin.doc
Please post all questions here. I will monitor this thread and respond accordingly.
Best,
mohater
Some interesting facts (summary by bb)RETAKING GMAT
1. Retake rate is 20%
2. Average gain from retaking is 34 points
3. 31% of retakers do not improve their original score
4. 14% improve by 100 or more points
5. 42% retake within 31-60 days (the soonest you can take the test is 31 days after the first test)
6. Quant is more likely to be improved (2.5 points) than verbal (2.1 points)
OTHER INFO
1. All questions count though the first few are still the deciding ones - you can do well if you answer the first 10, but your score will decrease if you keep missing questions
2. Penalty for not answering questions is 3 percentile points per question.
This is so far all I fished out of the powerpoints.