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      September 25, 2018

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Magoosh vs The Economist

To help you find the Best GMAT Test Prep Programs, TopConsumerReviews.com provides you with an in-depth comparison of Magoosh and The Economist.

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Prepare For Your Next GMAT Exam with Barron's Today! Going to graduate school is a big decision that many individuals are making today to help them get ahead. Having an MBA is one way to stand out from other candidates competing for the same job. It's also another way for employees to outpace co-workers when it's time for that promotion. An MBA provides business majors more training as well as the chance to get where they want to go.

An MBA requires getting into a decent business school which can be a challenge with the number of graduate students that apply each year. Having a strong GMAT score not only helps candidates meet the basic requirements of many colleges but it also highlights their knowledge to college admission professionals.

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Best Reviews

2018

GMAT Test Prep Reviews

4.5 stars
Magoosh

MAGOOSH Visit Site

Cost:

$99 one-time fee

Magoosh was founded in 2008 by students at Berkley who felt there must be a better way to study for standardized tests than static text books and expensive tutoring. The focus on new technology and excellent customer service in the Magoosh GMAT test preparation learning system reflects this modern approach.

Magoosh has a simple interface with a lot of content. The technology allows students to log in to the learning system from any computer, tablet or smart phone which is a big plus in today's mobile world. The system is set-up so that each student gets a personalized dashboard that tracks lesson progress and question results, and suggests additional lessons based on the performance of the student. This interactive tool allows the student to focus quickly in areas on which they need to improve, rather than wasting time studying topics on which they are already strong.

As a student works through each customizable practice session there are lesson videos for each topic given by one of the Magoosh GMAT expert tutors. Then there are quizzes to go along with each lesson, and within the quizzes each question has its own video. So if a question is answered incorrectly, the student can review the question video and it will explain in detail what the correct answer is and why. This is a nice detail and very helpful to providing a better understanding of each question being asked. After each lesson the student receives a detailed performance analysis, each of which adds to the overall performance summary on the personalized dashboard. It really is a very succinct, organized system.

The cost is $99.00 for access to the complete learning system for one year. There is also an option to purchase just the math section, or just the verbal section, for $79.00. The $99.00 includes:

  • 250+ video lessons
  • 800+ questions with their own explanatory video- E-mail support from Magoosh expert tutors
  • Study schedules
  • Score predictor
  • 2 full GMAT practice exams

This is a lot of content, though not quite as many practice questions as we have seen with some of the other top GMAT study programs. The video lessons and quizzes are the core of the learning process, and the video library is extensive. Magoosh also offers two money back guarantees. One is a standard 7 day money back guarantee where students can receive a full refund if they don't like the system after using it for 7 days. The other is a score guarantee. For anyone who has already taken the GMAT and has a valid score, Magoosh promises to raise it by 50 points or delivery a full refund. This is a nice feature that makes Magoosh even more appealing. We would have likely given Magoosh our top ranking if it wasn't for the fewer videos and questions in the package, but make no mistake Magoosh is an excellent option for GMAT preparation.

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4 stars
The Economist

THE ECONOMIST Visit Site

Cost:

$770.00 for 3 months

$999.00 for 1 year

The Economist GMAT preparation program uses the latest technology, features an interactive learning system that focuses on areas of improvement for each student, and has an impressive number of questions and quizzes. However it's a lot more expensive than other similar GMAT test preparation programs and this may turn some students away.

The technology offered by the Economist meets or exceeds that used by the other GMAT test prep programs we have reviewed. The system is fully mobile and can be accessed at any time on a computer, tablet or smart phone. The content consists of video lessons and then test questions for each, covering every area on the GMAT exam. After each quiz a score is given to the student and these scores are compiled on a personalized dashboard. The dashboard tracks performance and guides the study program towards areas that the student needs to work on. This automatic customization is found in all of the most successful online test prep programs and it helps students avoid wasting time studying material that they already know well. In addition to the lessons and quizzes, there are also complete GMAT text exams so students can practice the full GMAT test experience.

The Economist also offers e-mail support through their ask-a-tutor program. There are additional levels of personal assistance with this program, however, that we have not seen in many other GMAT test preparation programs. Every course in the program comes with one on one personal video tutoring sessions included in the price. If you're having trouble with a certain aspect of the GMAT you can conference in with a live tutor and they will walk you through a lesson. Each student receives 6 or 8 of these personal sessions depending on which plan is purchased.

Additionally you can send your writing samples from the writing section of the GMAT to get personal writing help from a tutor. They will mark up sample essays, provide tips on avoiding common errors, and even give suggestions on how to improve each students writing style. Each student can have 5 or 6 essays corrected in this way. This could be extremely helpful for students who learn better through human interaction, and the availability of such personal assistance is very likely the reason for the high cost of this program.

With either of the premium programs, The Economist offers a money back guarantee if your score does not improve by a full 70 points. This is higher than another other point guarantee we have seen in another other GMAT test preparation program, and for students who have a baseline GMAT score already this could be a powerful incentive to go with the Economist.

The Economist offers a great GMAT test preparation program. It's expensive, but it provides a level of personal tutoring and teaching that many of the other strictly online programs don't offer. We highly recommend this program to anyone who learns best with personal human contact. For anyone who has no such need for the one on one tutoring, there are other online programs that are much less expensive.

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Continued from above

But getting a solid GMAT score takes practice and training and that's where GMAT prep classes become necessary. A GMAT test prep course is a great way to improve your overall score. These courses vary greatly in format, features and cost. Choosing the right GMAT prep program can be a hard decision. No one wants to spend hundreds to thousands of dollars on a program that doesn't fit to their personal learning needs.

When choosing a GMAT test prep program, you should look for the following:

  • Instruction Method. Is it a classroom setting or online? Can you anticipate lectures, mostly reading or some other form of teaching?
  • Format. Is the program available online, in hard copy, DVD, audio, web enabled and more. Do they have Smartphone apps to reinforce concepts on the go?
  • Price. What does the program cost, how does that compare to the competition and what is included in the price?
  • Use. If you are purchasing an online program how long will you have access to the study materials? Will that period be long enough?
  • Guarantee. If you aren't satisfied with your test score will you have to re-purchase the study materials or does the company offer a guarantee?

TopConsumerReviews.com has reviewed and ranked the best GMAT Test Prep programs available today. We hope these reviews help you score high with your next GMAT exam!

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Should you do a GRE or GMAT before doing a foreign MBA

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