Study Materials for 2023 CFA®, FRM®, Actuarial, GMAT® and EA® Exams

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About the GMAT

The Graduate Management Admission Council (GMAC) develops and administers the Graduate Management Admission Test (GMAT) to measure candidates’ preparedness for graduate-level academic work. It is a standardized exam required for admission into most MBA or graduates school business programs. In addition, the exam is computer-based and computer adaptive, and you can choose to take the exam at a test center or online.

Your GMAT score is one of the considerations made by the business school admission committees alongside academic records and work experience. Therefore, you must prepare and get a high score on your GMAT.

What does the GMAT test?

The GMAT exam tests your critical thinking and problem-solving skills. Additionally, you should understand basic arithmetic, algebra, data analysis, geometry, grammar, and communication.

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What are the four components of the GMAT exam?

Four test sections generate your combined total score. You can choose to take the sections after your computer tutorial at the test center. The options you can choose from are;

  1. Analytical Writing Assessment (AWA), Integrated Reasoning (IR), Quantitative, Verbal
  2. Quantitative, Verbal, Integrated Reasoning (IR), Analytical Writing Assessment (AWA)
  3. Verbal, Quantitative, Integrated Reasoning (IR), Analytical Writing Assessment (AWA)
  4. Analytical Writing Assessment (AWA)

The analytical writing assessment is the essay section that tests your writing skills. The essay is scored separately from 0 to 6 in half-point increments and is not part of your 200-to-800-point score. Your essay score is the average of two scores; by a computer grading system and a human grader. However, if there is a significant difference in the scores, another human grader reads and gives the final score.

Your writing task involves critiquing an author’s argument by analyzing their evidence and reasoning. The section takes 30 minutes to complete. You should clearly identify and analyze parts of the argument, thoughtfully and logically organize your ideas. Additionally, you should be insightful and show clear transitions between your statements.

Integrated Reasoning (IR)

The Integrated Reasoning section tests how well you can analyze and interpret data and information presented in different formats. The section takes 30 minutes to complete. Integrated reasoning is scored separately, with scores ranging from 1 to 8 in one-point increments. In addition, it is not part of your 200–800-point score.
Integrated Reasoning section has 12 questions in different formats, including;

  1. Multi-source reasoning questions
  2. Two-part analysis questions
  3. Graphics interpretation questions
  4. Table analysis questions

Quantitative Reasoning

The quantitative reasoning section tests your numerical literacy and mathematical abilities such as arithmetic, algebra, and geometry. It takes 62 minutes to complete and includes 31 questions in total. There are two types of questions;

Data Sufficiency

These consist of a question and two statements of data. You should identify the statement providing relevant information to answer the question and eliminate the other answer choices. There are 14 to 15 data sufficiency questions in every quantitative section.

Problem-solving

Problem-solving questions include a question section and five possible answers to choose from. The standardized questions require algebra, geometry, and critical thinking skills.

Verbal Reasoning

The verbal section tests your reading and comprehension skills, editing ability, and analyzing written arguments. The section consists of 36 questions and takes 65 minutes to complete. The various types of questions in this section include;

A. Reading Comprehension
Reading comprehension questions test your critical reading skills, such as summarising the main concept, differentiating between stated and implied ideas, making interpretations based on the information given, deducing the authors’ tone and attitude, and analyzing the logical structure.

The question consists of a passage on a business, social science, biological science, or physical science-related topic, and questions test your text comprehension.

B. Critical Reasoning
These questions include a short argument or statements and a question relating to them. The questions test your skills in making and evaluating arguments and formulating an action plan. You should understand the structure of arguments and logically analyze relationships between evidence and conclusions.

C. Sentence Correction
This section will have long sentences consisting of an underlined part or sentence. Your task is to find the best version of the underlined section from the original or one of the four choices given. The sentence may be correct or contain several errors.

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Testimonials

Stefan Maisner is without a doubt the best tutor I could have possibly found. Stefan knew the official questions like the back of his hand and he knew all of the shortcuts. Being that i have a background in communications, the quant section had been a pain point for months. Stefan also had a background in communications and he was able to teach me in the way that I understood the math concepts that I needed to grasp, and showed me how to think logically and critically about the problems that didn’t require you to do the math.

Courtney M.

I prepared for the GMAT under Stefan. It was super easy to use the online platform and was very convenient to save notes this way. Stefan is extremely knowledgable on the testing material and really cares about his students.

Emily L.

As an international student I did not have much standardized test taking experience and never had a tutor before. However, Stefan really helped me improve my core skills and also helped me develop crucial test taking strategies. I was able to see improvements after every single tutoring session with him. Overall, he helped me improve my GMAT score by 90 points (from 650 in diagnostic test to 740 on the actual test), which was way above what I thought was possible.

Luis R.

I had an amazing experience with Stefan M for my GMAT prep. When I started the process I was scoring in the low 600s, but by the end, I managed to get my score above a 700! Stefan was also great at helping me navigate the add uncertainties caused by the Covid-19 pandemic. I could not recommend him more enough!

Bill B.

I can definitively say that if I did not have Stefan to help me that there would be no way that I could’ve gotten the final score I did. His intimate knowledge of how the test works, the strategy required for each section, and his mastery of the content of the questions, puts him in the top echelons of GMAT tutors. I could not recommend him anymore to any student looking to take the GMAT.

Sebastian B.

Stefan was awesome! He brought up my verbal from the 40th to the 76th percentile. Very affordable, very high quality. I went from a 650 to a 690 in a very tight timeframe.

Jessie S.

I had already taken the online prep course from another provider and had a score in the high 600s. I then worked with Stefan to prepare for my re-take of the GMAT. I was able to increase my Verbal score from 35 to 40 and finally get over the summit of 700 (720: Q48: V40.) I would like to thank him for all his help!

Ken S.

My lessons with Stefan started almost right away and the approach he taught me was much easier to understand than what was presented in the usual GMAT guide books (several of which I had read over multiple times, and failed to implement successfully). I took the test a second time and obtained a score of 740, which was my target.

Harshita V.

Stefan was awesome! He brought up my Verbal from the 40th to 76th percentile. I would definitely use him again. Very affordable, very high quality. I went from a 650 to a 690 in a very tight timeframe.

Jessie S.
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