There’s more to the new GMAT policy than you think

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There’s more to the new GMAT policy than you think

Computer_lab_showing_desktop_PCs_warwickWe’ve written before about the wisdom of canceling your score, but the GMAT recently released a statement saying that they will now allow students to see their score before they decide to cancel their score. And even students do decide to cancel their score, they still have 60 days to change their minds.

At first glance, this seems like the most user-friendly change to the GMAT in years. However, it’s imperative that you don’t overuse that cancel button. There are a few things that you should keep in mind in light of the policy change:

1. Have a score range in mind. We recommend taking your goal score and telling yourself that you will not choose “cancel” if your score is within about 75-100 points of that range. Of course, this means that your goal score needs be realistic.

2. Remember that canceling your score is not a “do-over.” The score will still show up on your score report, and adcoms will see a self-canceled score. This will not destroy your application, but it will certainly not look good to have multiple canceled scores.

3. Understand that while you have 60 days to reinstate your previously canceled score, you will have to pay a fee for $100 for the score retrieval. And obviously, you have already paid $250 in order to register for the GMAT exam. When you choose to cancel your score, you’re committing yourself to either another $250 registration fee or the $100 score retrieval fee.

4. Above all, stay calm and do your best to think strategically. The GMAT will give you two minutes to choose whether or not you want to cancel. We know that it can be hard to think clearly after 4 hours of data sufficency, modifiers, and logical fallicies, but you need to put things in perspective. Just because you didn’t get a 720+ doesn’t mean that your GMAT score is completely horrible.

This change will undoubtedly change how GMAT score averages are reported, but understand that this policy change is only to your advantange if you use the above strategies. Otherwise, you might find yourself wishing you hadn’t chosen “yes.”

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