Let’s get this fact straight. For Indian candidates (specially when you are a fresher or in a low paying job), taking the GMAT is a costly affair. The exam itself costs you 250 USD (around 17,000 INR). Add to it the cost of coaching and mock tests and you end up spending quite a lot.
This post will help you (Indian candidates mostly) to save money while buying various resources to study for the GMAT. I will start with the preparation and then will move to the mock tests. Also, please note that whatever I am putting up is according to my opinion and your decision making should be completely dependent on your aptitude and comfort level in Quantitative and Verbal.
It is a common fact that an Indian GMAT aspirant is quite comfortable in the Quantitative section and his/her main issue is the Verbal section. So spending a huge amount of money on Classroom course is completely not worth (It is my personal opinion. Please use your own discretion while taking any decision)
So what to do? I will tell you.
- Enroll for E-Gmat Verbal Online Subscription. . At 199 USD, it is a complete value for money. Along with the course, you also get Scholranium (around 750 questions each in Verbal and Quant as well. Though I would suggest to leave its Quant as it is not at all according to GMAT level.)
Added to it you get GMAT Club Tests (1500+ Questions, very famous for Quants, not so much for Verbal). GMAT Club tests cost 79 USD if you buy them separately.
Also they provide a free mock test from 800score.com. So it is a good decision to buy E-Gmat Verbal Online Course. You can also choose to share it among your friends and hence reduce the cost. Or you can ask a friend of yours who has already taken the GMAT and had bought the course to get an extension to the course (The course is valid for only 6 months and can be extended by paying a price which is lesser than the original price).
- Those who must need Maths coaching also, can go for Magoosh. Their entire Quant+Verbal course costs only 99 USD, but since I haven’t used it personally I cannot comment about its credibility
How to save money on Books ?
Almost all books are available on torrent. Ask your friends. Join the GMAT Avengers group on facebook. Don’t ask publicly on the group as they do not support piracy. And I do not support piracy as well so neither ask me for the links. But with a little bit of networking you will get all the books. Which books you need? Read my GMAT debrief here.
Mahakali Book Centre, Mumbai- Call them on 09920411158/09820665661. They will get you OG + Verbal Review + Quant Review + All 10 Manhattan Strategy guides for an extremely cheap price.
Use Gmatclub.com download section extensively. There is almost nothing you cannot get there for free. Posting a few official questions downloading link (But see these questions only during revision, once you are done with OG + Verbal Review+ Quant Review and also all the questions from GMATPrep Software, else you will get repeat questions.)
- CR- http://gmatclub.com/forum/the-most-comprehensive-collection-of-everything-official-cr-140375.html
- RC- http://gmatclub.com/forum/the-most-comprehensive-collection-of-everything-official-rc-140373.html
- SC- http://gmatclub.com/forum/the-most-comprehensive-collection-of-everything-official-sc-140372.html
Use Veritas Question Bank. They are free and unlimited!
Use Beatthegmat forum for free questions and explanations
Use Quikr and Olx to search for used books. Or the old book shops at your city (Avenue road for Bangalore Junta is one of the places). You will find something for sure.
Use Prep4GMAT App. I haven’t used it but have heard good things about it from a friend who scored 710. Yes it is for free!
Use GMAT Prep Now(https://www.gmatprepnow.com/). This material is created by Brent- one of the best tutors for GMAT. He is active in both GMATClub and BTG. This is a full course and ABSOLUTELY FREE!! For all
Veritas Prep On Demand App- If you download the app(available in both itunes and play store) you can watch the videos for all the lessons for free. There are total of 12 lessons covering all the sections of GMAT. Once you are done, you can use their free question bank to solve the problems pertaining to a particular chapter
How to save money on Mocks?
- GMATPrep Resetting :- The two mocks will come for free when you will register at mba.com and will download the software (For other 2 mocks you need to pay). Now, do you know that you can get 80% new questions by just resetting the already taken mock test? But make sure that you reset after a gap so that you do not remember the repeat questions (else you will get an improper score). You can keep resetting it again and again till you think that most of the questions you are getting are repeat.
PowePrep is nothing but the old version of GMATPrep Software. You can download it from here and can get another 2 tests for free. But please use these tests at the very beginning of your preparation (as there is a big overlap between PowerPrep questions and OG, Verbal Review and Quant Review Questions)
Generally priced at 49 USD, Veritas provide discount at various points of time (for example, currently it is available for 20 USD and when I bought it was available for 15 USD). Keep checking.
Buy any original Manhattan strategy guides from Amazon (kindle version) and forward the purchase email from Amazon to email@example.com. This is the cheapest way to buy Manhattan Tests (within 600-700 INR).
Free Tests :-
All test prep companies (Veritas, Manhattan, Princeton, Economist, Platinum GMAT, GMATPill etc) provide one test for free. Use them only for practice. Don’t rely on their scores. No one, I repeat no one can predict your score except the official mocks (i.e GMATPrep)
I hope that this post will prove beneficial to reduce the cost of your preparation.
Use the comment section if you have any more queries, I shall reply to them in due time. Also, Use the FOLLOW button on the left side of the screen so that you get an email whenever I update a new blogpost. Follow me on Quora as I have answered many questions regarding GMAT Preparation there.
21 thoughts on “How to reduce the cost of your GMAT Preparation.”
Nice Post to help out the students. On top of whatever you mentioned, I would add my 3 suggestions for materials for free.
1. Use GMAT Prep Now(https://www.gmatprepnow.com/). This material is created by Brent- one of the best tutors for GMAT. He is active in both GMATClub and BTG. This is a full course and ABSOLUTELY FREE!! For all
2. Veritas Prep On Demand App- If you download the app(available in both itunes and play store) you can watch the videos for all the lessons for free. There are total of 12 lessons covering all the sections of GMAT. Once you are done, you can use their free question bank to solve the problems pertaining to a particular chapter.
3. Use prep4GMAT app. You can download from play store or itunes.
Thanks a lot. Have incorporated your points in the blog.
LikeLiked by 1 person
Thanx for ur post it is very helpful.. 🙂
Pleasure is all mine 🙂
off topic.. for close test,, any pdf file ???
There is no Cloze test in GMAT
no no ,,for other exams .
Sorry. I have no idea
Hello sir. While filling the ISB form they ask whether one had gap year bw !2th and Bachelors or not. Filling YES comes up with a explanation box. Can you help me on to approach my answer in the explanation box
Hello sir. In the form for ISB , it is asking explanation for the gap year i had after 12tth. pls guide me on how to approach this question
Sorry for the late reply. I had a gap after 12th too. I just wrote this- “I prepared for medical entrance exams for one year” I don’t think the gap matters much.
Do write to me if you have more queries.
I wanted to ask of giving GMAT straight after college an advisable option if I want to join a B school only after 2-3 years.
I was planning in giving it right now as I have a lot of time on hands and hence I can prepare well.
Sorry for the late reply. Taking GMAT straight after college will always be advisable since your maths knowledge will be fresh (I am assuming you are an engineer). But also find out that for how long the GMAT scores will be valid for the colleges which you will be targeting after 2-3 years as every college has a different criteria.
Do write to me if you have any more questions.
Hi Anshul, Please throw little light on the pattern of GMAT and also comparison with CAT. I’m preparing for CAT, Can I also prepare for GMAT side by side ? What’s the average pay after doing PGP from ISB ??
Take GMAT after the CAT Exam. The avaerage pay is 20 LPA
I want to apply for ISB for 2018 -2019.I have a work ex of 10 yrs in Public Sector Utility.I want to break way from the current status and climb up the management ladder in Corporate world.I know i have it in me.
Do you feel mba from ISb would really give that base ?Apart from GMAT cscore how difficult its to get in ISB,,,?
First of all, please don’t address me “Sir” as I am very much junior to you. And ISB will definitely be suited for you. Any score around 700 will be good enough.
I scored a 630 in GMAT. I want to know whether it would be okay to apply for ISB with this score.
I am a chemical engineer and I have 3 years of experience in oil and gas industry.
Hello Sunit. Though there are many candidates who have made it to ISB with this score, but I would still advise you to retake GMAT and aim for a 700+ to be on the safe side. Let me know if you have any more queries.