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Percentage & Percentage change Percent (read as per cent) means ‘every hundred’, or, essentially, ‘out of 100’. If we are given a fraction, we can simply convert it to a percentage by multiplying 100. Say, we have ½, which, when multiplied with 100 becomes ½ x 100 = 50%. What do we mean by a percentage change? Say, a person has 20 chocolates. If his number of chocolates is increased by 10%, what does it mean? First of all, let us see what is doesn’t mean: after the increase, the number of chocolates with him is  NOT  20 + 10 = 30, nor is it 20 +  10 / 100  = 20.1 When we talk of a percent increase, we must understand on what  BASE VALUE  is the percentage change working on. In this case, obviously, the 10% increase is 10% of the number of chocolates he has, i.e. 20. Thus, the number of chocolates with him would become: 20 + 10% of 20 = 20 + 20 x  10 / 100  = 22 Observe that:  20 + 20 x  10 / 100  = 20 x (1 +  10 / 100 ) = 2...

GMAT and GRE – a comparison How does the GMAT compare to the GRE? Some pointers are mentioned below:  GMAT & GRE – Comparison of the exam formats, focus areas, scores and fees. Let us first focus on the test formats. GMAT GRE Focus Areas Let us take a look at the test contents and the corresponding focus areas.  GMAT GRE QUANTITATIVE REASONING Number properties & Inequalities Arithmetic – percents, interest, ratios, rate and work, rate and distance Algebra – equations, functions, coordinate geometry (lines) Statistics Combinatorics, probability, & sets Number properties & Inequalities Arithmetic – percents, interest, ratios, rate and work, rate and distance Geometry – triangles, quadrilaterals, polygons, circles, solids Algebra – equations, functions, coordinate geometry (lines) Statistics Combinatorics, probability, & sets Focus: Numbers, Inequalities, Arithmetic Focus: Arithmetic, Numbers, Algebra Questions are tricky and more involved Types – MCQ or Data...

The Deferred MBA What is the Deferred MBA? Typically, MBA programs need applicants to have around 2 to 5 years of work experience at the time of application (Why? -The main reason for this is that MBA programs focus a lot on class participation and peer-to-peer learning). However, the deferred MBA allows candidates in the final year of their undergraduate degree to apply to the MBA program. If selected, the candidates can gain relevant work experience for 2 to 5 years (depending on the deferral period) and then join the program. What are the advantages of the deferred MBA? Convenience – Often for candidates working full-time, it becomes a tad difficult to prepare for the tests and focus on the application process. These programs provide the advantage of allowing the candidates to complete these while they are still in their undergraduate programs. Focus on professional goals – Having the coveted MBA seat confirmed gives the candidate peace of mind allowing them to purely focus on their...

Vocabulary for the GRE In the GRE, vocabulary plays a very important role. The Verbal Reasoning section contains a wide range of words. These are some of the words that are most commonly used in native-English speaking countries. You will need a strong vocabulary to be able to answer questions on Reading comprehension – to be able to comprehend passages on a wide range of complex topics Text Completion and Sentence Equivalence – these questions directly test your vocabulary in context in the GRE are vocabulary based. To complicate matters, there are so many GRE vocabulary lists available – some with 300 words while some with 1000. But the question is – How does one remember so many words? Is it possible to remember all the words and that too, in context? A decent strategy We can follow the following steps: Try to understand the roots of words instead of memorizing the words themselves – that way, you can try to make out a meaning of the word even if you aren’t familiar with that word. ...

  GMAT & GRE Time Management Strategies Well, this article is kind of an antithesis, really. Students focus a lot on what the correct  time management strategies  for a test like the GMAT or GRE should be. And why do students focus on a strategy? The answer is simple – these are  timed  tests. Had it not been so, there would not have been any talk about strategy. But let us pause for a moment and try to answer this question:   “If the concepts are themselves weak, can a test-taking strategy help?” So, we start with the most important part of time management strategies –  concepts ! 1. Get your concepts right I understand that it isn’t that easy for everyone to learn all concepts of Quantitative and Verbal and excel in that. I am not asking anyone to do that either.  All I am saying is make sure that you go through the different topics and try to learn all the “ basic concepts ” properly – at least this will help you to understand the diff...