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valencia
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One observation I made was that on the MGMAT, even if you get more questions wrong, your score doesn't dip down as much. However accuracy is valued more on the actual GMAT.

Update: Having said that, atleast in my case, the scores pretty much were in a close range. GMAT Prep is def the best indicator, as you already might know.
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A number of people state that the MGMAT tests are generally more difficult than the GMATPrep software. However, the latter is the preferred choice for truly simulating the actual test experience, as well as offering the most reliable indication of one's future GMAT score.

The six Manhattan tests are not exactly like the GMATPrep CAT's or the the actual test, but they are not that far off either.
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I think a lot of the Quant is spot on, but the verbal tends to vary a bit more, just my opinion, but you can find oodles of posts on this topic all over the site, maybe a small search could help you out
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MGMAT vs Real GMAT from my experience

Quant - MGMAT, much more time consuming questions, and more difficult questions overall. Usually 1 or 2 time intensive geometrical questions per CAT. I always struggled to finish on time in the MGMATs, but was fine on the actual

The real GMAT covered a wider variety of quant topics, all of which were discussed in the MGMAT books, but more than I would typically encounter in a single MGMAT CAT.

Verbal - MGMAT is different, you can tell that the SC questions are geared towards using their strategies. It is much easier to split answer choices into groups than on the real GMAT. Other than that I'd say the RC and CR are decent indicators about what to expect on test day
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Wishbone
I think a lot of the Quant is spot on, but the verbal tends to vary a bit more, just my opinion, but you can find oodles of posts on this topic all over the site, maybe a small search could help you out

I love Wishbone. My other favorite Jack Russell of celebrity is Rimshot.

And I would say that Rimshot and Wishbone are more similar than MGMAT and GMATPrep, but I'm not sure who is which. MGMAT has harder questions, yes, but I think your comparative results may have a lot to do with your style of test-taking, especially your willingness to let go of a problem and move on with a guess.

VS

Let me explain - assume two 700 range test takers, a stubborn one named Rimshot and a practical one named Wishbone. Rimshot is going to get killed on the MGMAT CATs because he sticks every question out to the very end and wastes time (on a lot of them, because he's getting them right), paying a heavy penalty at the end of the test when he doesn't finish. He finishes the GMATPrep tests easily, though, and scores well. The end of his MGMAT scorecard looks like this (percentiles):

... 99, 99, 99, 99, 99, 80, 73 (finishing weak due to time)

Wishbone, the practical one, gets more answers wrong on MGMAT because he moves on very strictly after 2 mins. His MGMAT scorecard looks somewhat like this:

55, 65, 80, 91, 99, 88, 90, 99, 88, 75, 91, 99 (getting the last few right puts him well into 700 range)

Wishbone gets more questions wrong, but leaves himself a shot at finishing strong. Rimshot has more right answers, but gets to answer fewer of them in Ernest. Guess which one I was.

Because the GMATPrep questions are easier, Rimshot has a fighting chance to finish all of them, and Wishbone doesn't need 2 mins on each problem. They both score well b/c neither is pressed for time, locally or globally.
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Here is what I believe:
Manhattan CAT (or any other Prep CAT) is not meant to predict the final GMAT score you're likely to secure. Instead, it is merely a tool to measure your progress.

I scored a 620 in my 1st Manhattan CAT and I scored a 710 on the actual GMAT! There's a 90 point difference :-D
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