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The Economist vs The Princeton Review

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THE ECONOMIST

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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THE PRINCETON REVIEW

The Princeton Review is a test preparation and college admissions services company that has been in business since 1981. The primary focus of the Princeton Review is personal tutoring and traditional classroom training, although they do offer a standard online preparation course as well.

The primary decision a student has to make when deciding whether or not to use the Princeton review for their GMAT preparation is what kind of studying do they want to do? Do they want real live teachers, one on one, in a classroom, or online training only? The Princeton Review offers all options.

The most expensive option is obviously the one-on-one personal tutoring. This costs $3,530.00 to $7,150.00 depending on the course selected. All tutoring courses include 22 hours of private teaching and all the necessary materials, practice tests and questions.

There are two classroom options available, both of which include 27 hours of classroom time taught by one of the Princeton Review's expert tutors. For $1,299.00 you can attend a regular classroom course, and for $1,599.00 they offer small group classes so that no more than 4 students are with the teacher during the lessons. This is similar in cost to other live classroom test preparation courses.

Then there is the online only option, which consists of the standard online training tools. There are video lessons, practice questions and full length GMAT practice exams. The $499 price tag includes the following:

  • Video lessons on key test-taking strategies
  • 10 full-length proprietary computer-adaptive practice GMAT's
  • Adaptive practice GMATs
  • Access to the online portal with practice questions, drills and in-depth explanations
  • A complete set of study materials including The Official Guide for GMAT Review, 13th Edition
  • Feedback on your GMAT essay with LiveGrader

It is a decent enough program, but we feel other less expensive online programs that we have reviewed are better. With the Princeton review there is no intuitive customization, performance tracking or on-the-go mobile applications. The learning videos, tests and questions are good learning tools, but the Princeton Review version is a good deal higher than other more modern online test prep options.

Overall, for someone who is looking to receive personal training from real live teachers, in either a one on one or classroom setting, the Princeton review is one of the best around. For anyone looking for online only test preparation, we'd recommend one of our other highly reviewed options.

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GMAT Test Prep

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

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.

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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