It sounds like there are a lot of questions about how practice GMAT scores correlate with actual performance on the test. I thought that it might be helpful to provide details about my performance on practice tests vs. the actual exam. See below -- if others could follow this format, this would be a very simple way of providing multiple data points for those getting ready to take the test. All dates are in September 2014.
Actual GMAT performance (taken on 9/29): 760/ Q- 49/ V-44
Kaplan CAT test 1 (taken on 9/8): 720/ Q- 50/ V-42
GMAC (free) CAT test 1 (taken on 9/8): 750/ Q- 50/ V- 41
GMAC (free) CAT test 2 (taken on 9/9): 760/ Q- 49/ V- 44
GMAC CAT test 3 (taken on 9/18): 750/ Q- 48/ V- 45
GMAC CAT test 4 (taken on 9/28): 770/ Q- 49/ V-47
MGMAT CAT test 1 (taken on 9/13): 680/ Q- 43/ V- 39
MGMAT CAT test 2 (taken on 9/26): 670/ Q- 44/ V- 37
MGMAT CAT test 3 (taken on 9/27): 710/ Q-45/ V-41
Takeaways:
+ Tests from the test maker (GMAC tests) are an excellent representation of the actual test content and difficulty. I would highly recommend using their software (especially as the interface matches that of the test) and starting with the 2 tests that they provide free. The average of my GMAC practice test scores (overall and breakdown) was just about my score on the actual exam.
+
Manhattan GMAT, while a great prep tool rife with several challenging GMAT questions that taught me how to manage time and use advanced strategies, was a poor predictor of my actual test performance. The quantitative questions were particularly hard, much harder than what I saw on the actual test (my actual quant score was 49 vs. an average of 44 on
MGMAT tests).
+ Practice tests in general were much more effective as a study aid than reading a strategy book independently. I would take the test, study the explanations given and then repeat the question, keeping in mind the strategy that the explanation suggested (note- GMAC practice tests only show the correct answer but do not provide explanations,
MGMAT was BY FAR the best for this "test and learn" strategy). I will say that this works particularly well for Quant, where there are certain tricks you can employ and not as well for Verbal, where I would recommend still studying strategies. I used Kaplan's GMAT strategies book, which was very helpful.
It would be great if everyone could share scores as I have above to help understand how representative practice test scores can be!