Pratham020
Hi!
I am currently a first year undergrad student in India majoring in economics and commerce. As my first year is coming to an end soon, I decided to start preparing for GMAT. I plan on applying for MSc in Financial Economics. My grades in college as of now are pretty decent but I am clueless about the process of preparation.
Where will I find the study material that is required for adequate prep and how do I streamline the entire process. My target college has an avg score of 730 and I'm aiming for 740-750.
I need some assistance for the same.
It's really good that you've started your research early. I think since you're still in first year, you don't have to be very intense with your prep. But it's probably good to understand the details of the GMAT. Personally, this is what I would recommend:
1. Do a mock exam. Maybe don't do the one's on the official GMAC website now. Since those exams are the most representative of the real exam, save it for just before you do your actual GMAT. For now, just do any mock you can find online to gauge your level.
2. Familiarise yourself with the GMAT scoring mechanism. There are several videos on YouTube that explain this, but the most detailed/useful one I found was this one on the GMAT Club channel:
3. Based on your mock results, you should have an idea of your areas of weakness. Might be good to watch a few videos on YouTube to learn the fundamentals concepts. Don't have to be too intense since you're still in first year. Maybe 2-3 hours of videos a week. The GMAT Club channel has more than enough videos to keep you busy.
4. The timing will vary for each individual, but when it gets to 6-7 months before you plan to take the exam, I would recommend increasing your intensity. Whether this is self-prep or via an online course, it would be good to start doing daily prep + a mock every 2 weeks.
5. And for the last 2-3 months before the exam, you should probably start doing more mocks and rectifying areas of weakness.
Lastly, probably important to remember that the GMAT is just one element of the admissions criteria. A strong GMAT score is important, but you need to focus on other things too. So it will be good to position yourself more holistically. And you can do this by doing some of the following:
1. Extracurricular activities - try to get a leadership position if possible, otherwise this is still a good place to develop teamwork experience
2. Internships - this could add more context to why you want to do an MSc in Financial Economics
3. Recommendation letters - it's never too early to start identifying professors that you want to write recommendation letters for you. Always good to build relationships early.
Hope this helps and good luck with your prep!