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# Help! Wise initial investment alocation.

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Intern
Joined: 27 Dec 2018
Posts: 1
Help! Wise initial investment alocation.  [#permalink]

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22 Jan 2019, 04:56
Hi everyone!

I'm about to make an initial investment of \$200 (+/-) in books for the preparation of the GMAT. I would appreciate some advice from you in order to do this wisely, taking into account the following context:

1) I'm totally new in this community. Please tell me if I have to change this topic to another section.
2) The only thing I know from GMAT is that it's a requisite for applying to top business schools.
3) My objective is to apply for an MBA at Harvard or Stanford in 2 years. My preparation time is then no less than one year. The average study time would be one hour per day but most of it will be probably concentrated on weekends.
4) My background is in engineering.

I think the return of this investment should be a complete familiarization with the test (practice tests that are as real as posible) and the strategies to go throught all of its parts.

What do you think?

Thank you very much in advance!

Tomas Hughes
Status: Preparing for GMAT
Joined: 25 Nov 2015
Posts: 1043
Location: India
GPA: 3.64
Re: Help! Wise initial investment alocation.  [#permalink]

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22 Jan 2019, 08:36
trhughes wrote:
Hi everyone!

I'm about to make an initial investment of \$200 (+/-) in books for the preparation of the GMAT. I would appreciate some advice from you in order to do this wisely, taking into account the following context:

1) I'm totally new in this community. Please tell me if I have to change this topic to another section.
2) The only thing I know from GMAT is that it's a requisite for applying to top business schools.
3) My objective is to apply for an MBA at Harvard or Stanford in 2 years. My preparation time is then no less than one year. The average study time would be one hour per day but most of it will be probably concentrated on weekends.
4) My background is in engineering.

I think the return of this investment should be a complete familiarization with the test (practice tests that are as real as posible) and the strategies to go throught all of its parts.

What do you think?

Thank you very much in advance!

Tomas Hughes

Hi
Since you are just starting out I think the following post will help you:
https://gmatclub.com/forum/gmat-study-plan-217827.html
It contains all suggestions about the resources you need and study plan.
Hope it helps.
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Re: Help! Wise initial investment alocation.  [#permalink]

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22 Jan 2019, 12:40
Hi Tomas,

To start, many Test Takers who use a 'book heavy' study approach end up getting 'stuck' at a particular score level, so you'll likely end up needing to invest in some non-book resources. By extension, you might not want to invest too heavily in a lot of books at this point.

Since it sounds like you're just beginning your studies, then it would be a good idea to take a FULL-LENGTH practice CAT Test; you can take 2 for free at www.mba.com (and they come with some additional practice materials). If you want to do a little studying first, so that you can familiarize yourself with the basic content and question types, then that's okay - but you shouldn't wait too long to take that initial CAT. That score will give us a good sense of your natural strengths and weaknesses and will help provide a basis for comparison as you continue to study. A FULL CAT takes about 3.5 hours to complete, so make sure that you've set aside enough time to take it in one sitting. Once you have those scores, you should report back here and we can come up with a study plan.

I'd like to know a bit more about your timeline and goals:
1) What is your goal score?
2) Are you considering any other Schools besides Harvard and Stanford?

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Re: Help! Wise initial investment alocation.  [#permalink]

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24 Jan 2019, 12:08
Hi trhughes,

Since you are new to the GMAT, before making any decisions regarding your preparation strategy, you should familiarize yourself with the GMAT and then take an official GMAT practice exam. The results of that exam will provide a bird’s-eye view of your general strengths and weaknesses and show you how far you are from your score goal.

Once you take the exam, feel free to report back here, and I can provide some further advice.

Also, you may find it helpful to read the following articles about how to score a 700+ on the GMAT and how long to study for the GMAT.
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Re: Help! Wise initial investment alocation.   [#permalink] 24 Jan 2019, 12:08
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# Help! Wise initial investment alocation.

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