To begin with, let us understand your score in terms of percentile since this tells you exactly where you stand in comparison to the entire pool of GMAT test takers.
According to GMAC statistical data, a score of 500 on the GMAT is commensurate to a 30th percentile score. Now, as you can decipher, this is quite a low score to achieve on extremely competitive exams such as the GMAT.
If you are not able to cross the 500 mark on the GMAT exam, it could be due to one (or many) of the following:
Lack of Basic Conceptual Knowledge
If you’ve written a few mocks and your score isn’t budging from 500s, there’s a good chance that you lack in the basic concepts of Quant and Verbal. For this, I suggest that you refer to some basic concept guides and strengthen the foundation of both the main sections (Quant and Verbal) before moving on to the higher level questions.
The inability to answer questions in a timely manner can be a huge deterrent in the journey of any GMAT 99th percentile aspirant. One needs to understand that GMAT is a computer adaptive test which needs to be tackled in a limited time-frame. On the GMAT, arriving to the correct answer wouldn’t be enough, arriving at the correct answer in a time-bound fashion will be key. Therefore, the first thing to do to in order to improve your speed would be to study with a timer. This will give you a fair idea of your current pace. Then, slowly and steadily start shaving off time keeping in mind that it doesn’t adversely affect your accuracy.
Trying to get through each and every question
This can be one of the biggest blunders any student can make while preparing for GMAT, especially in the Quant section. It is a very common misconception that the more questions you solve, the better you will perform on the final exam. This could not be far from the truth. In actuality, solving fewer questions but comprehending the concept, the language and of course, the errors that you make have far greater importance than merely solving many questions. I recommend solving fewer questions but understanding the type of problem would be a better approach to escalate your score over 500. The crux of the matter is that when it comes to GMAT prep, quality trumps quantity.
Putting off studying till the last moment
There are so many students who put off studying until the very last minute because of various reasons such as work pressure, family commitments, etc. Mostly, these are the students who get stuck at a mediocre score. However, once you decide to write the GMAT test and pursue higher education, do not waste any more time. Start preparing right away. Even if you can’t dedicate 3–4 hours a day, start with 45 mins or 1 hour. This will yield results that would be much higher than waiting for the perfect opportunity to study.
Proud of being touted as the best coaching institute in Delhi NCR, we have top-notch faculty members who run a GMAT/GRE Facebook Group. You can join that group to get your hands on some of the most paramount questions from the exam point-of-view. You will also get to learn novel tricks and tips that can help you shave off crucial time on the exam day!