Once you've decided to take the GMAT, you should set a preparation schedule as soon as possible. There are many options for GMAT preparation, and one will be the best fit for your learning style, schedule, and wallet. Read about each GMAT preparation option to decide which one is best for you.
Difficulty: Average
Time Required: A few months
Here's How:
- Books
If you learn best on your own by reading and scribbling on textbooks, and if you can't commit to classes or tutoring sessions, a good GMAT prep book with realistic practice tests may be the best investment for your preparation. This is the least expensive way to prepare, usually costing less than $30 for a good prep book, and it may be completely adequate for some people. You'll need to commit to a regular reading and study schedule, because this path requires total self-motivation. - Computer Programs
Computer programs for GMAT preparation are another inexpensive option for students who prefer self-study and can't commit to scheduled lessons. The best programs will begin with a diagnostic test and tailor a study schedule based on your results, focusing on lessons in the areas in which you need the most improvement. The program will keep track of the lessons you've completed and regularly quiz you to chart your progress. - Online Lessons
Online lessons will suit people who learn well on their own and need to study on their own time, but want an instructor to keep track of their progress. There are many types of online GMAT preparation courses - some are interactive programs with lessons and questions; some offer live lessons to watch online; all offer access to trained tutors who can answer your questions by e-mail. Prices vary greatly for that reason, with a range of $100 to a few thousand dollars. - Classes
If you can't motivate yourself to study for the GMAT on your own time, you may learn best through a very structured class. In this way, you'll be held accountable to a set schedule of in-class lessons, and you'll have an instructor grading your practice tests and charting your progress. If you learn best by interacting with other students, GMAT prep classes are a great opportunity for finding study buddies. Expect to pay tuition of at least $1,000, which will include the cost of books used in the class. - Small-Group Tutoring
Small group tutoring may suit you best if you want guided instruction and interaction with other students, but can't commit to a rigid class schedule. Instruction will be more personalized in a smaller group, so you'll get more feedback from the instructor than you would in a class. Costs vary depending on the number of sessions you want. Large test prep companies generally charge around $1,500 for complete preparation in a small group format. - Private Tutoring
If you need one-on-one help that fits into your schedule, there are many options for private GMAT lessons. You can find GMAT tutors at local test prep agencies and pay about $30 per lesson, or you can sign up for complete preparation through a large test prep company at the cost of a few thousand dollars. Private GMAT lessons offer the most personalized and focused guided instruction, so they will cost more than any other preparation method.