*Update 9-14-20: The Economist GMAT recently partnered with examPAL GMAT and re-launched this September. We’ll update this review as more information is available.
In the meantime check out our top GMAT prep courses and find the right course for you.
The Economist GMAT Tutor is a great option for students who are looking to handle their GMAT preparations online, whether at-home or on-the-go. GMAT Tutor offers three separate price plans—which range from 3 to 6 months—up to 6 full-length practice tests, and built-in access to tutors for live instruction and Q&A sessions.
The online courses are well-written, divided by subject matter, and simulate the adaptivity of the GMAT exam to help you maximize your study time. A handy mobile app also provides access to all of these same materials, which allows you to study whenever and wherever you need.
The Economist also boasts an incredible 70+ score guarantee, which could be the leg up that gets you into your dream school. Based on its clever use of self-paced lessons with built-in tutoring options, and the ability to access all study materials through their mobile app, we highly recommend The Economist GMAT Tutor.
Here are some of the pros and cons to the Economist GMAT Tutor courses:
1. Multiple Packages
The Economist GMAT Tutor offers three packages to ensure that you have the right amount of support. Ranging from three months to six months of access, here is our breakdown of their plans:
Complete Prep: $999 (On sale for $799); 3 months of access; 50+ score improvement guarantee; full online course (5,000+ practice questions, 3 practice exams, 50 ask-a-tutor questions, 2 live sessions, 4 essay markings); Economist Magazine digital subscription
Premium Prep: $1199 (On sale for $899); 3 months access; 70+ score improvement guarantee; full online course (5,000+ questions, 100 ask-a-tutor questions, 5 practice exams, 5 essay markings); Economist Magazine digital subscription.
Ultimate Prep: $1399 (On sale for $1099); 6 months of access; 70+ score improvement guarantee; full online course (5,000+ practice questions, unlimited ask-a-tutor questions, 4 live sessions, 6 practice exams, 6 essay markings); Economist Magazine digital subscription
The Economist GMAT Tutor’s Premium Prep option is the best value of the three. It offers double the number of ask-a-tutor questions over the Complete Prep option, as well as 2 additional practice exams, an additional 1-to-1 session, and an additional essay marking. We recommend the Premium Prep Option for most students.
Whatever course you decide on, make sure to use our exclusive promo code below to save 10% on any Economist GMAT course[couponshortcode id=’3491′]
2. Tutoring Options
Each Prep plan comes with options to contact a tutor for up to four separate 45-minute sessions. It is a great bonus to be able to combine exceptional online preparation with access to a tutor when you really need it. Each package also comes with the ask-a-tutor feature, which allows you to type questions to a trained GMAT tutor and have them respond directly to you within your dashboard.
3. Mobile App
Unlike some other options, The Economist GMAT Mobile App is not a watered-down version or just a conduit for practicing flashcards. On the App you will have access to the all lessons you have viewed on your desktop, as well as chat support if you need it.
4. Adaptive Learning
Much like the GMAT itself, the Economist GMAT Tutor is adaptive, meaning it adjusts difficulty and subject concentration based on your needs and performance. The point of this feature is to replicate two of the main benefits of having a private tutor: minimal time wasted on materials that you have grasped, and extra attention paid to your weak areas. While some online courses are more like internet textbooks, GMAT Tutor lives to maximize your success.
5. Detailed Feedback
People learn better from mistakes, and the way a wrong answer is discredited can be really helpful you learn a new concept—or avoid making a hidden mistake!
The Economist GMAT has set responses that explain why each answer is or is not correct. More importantly, it allows you to view what the instructor would have said if you had chosen another option. If you come down to two answers and go with a guess, you may benefit from seeing what the instructor has to say refuting your second choice.
6. Test-Taking Guidance
Like most graduate entrance exams, the GMAT has its own particularities that can trip up first-time takers. While knowing about the exam may seem a simple matter, your comfort level can make a huge difference in your score. Features like the GMAT’s adaptive scoring system, which adjusts difficulty according to your performance, require a clear understanding and specific strategies in order to get the highest score possible. Much of the earlier lessons in The Economist GMAT Tutor are geared towards introducing students to what makes the GMAT unique and how to tailor your test-taking strategy accordingly. The later lessons are also sprinkled with reminders of the basic skills. Although not a part of the prep course, the Economist GMAT website itself is loaded with useful information about the exam.
7. Guaranteed Improvement of 70 Points
The Economist’s 70+ improvement guarantee is one of the best on the market and shows a great deal of confidence in the effectiveness of their system. In 2017, the Top 10 average GMAT scores by school were separated by only 16 points! It is not hard to imagine how a boost of 70 points might be the factor that puts you in your dream school.
8. 7-Day Free Trial
Each prep course you come across is going to be different in ways that are sometimes subtle, but those subtleties might decide how effective the course is for you. With the Economist GMAT Tutor’s 7-day free trial, you can get access to the online course and see if it’s right for you!
Starting at a sale price of $799 for the most basic online package (Complete Prep), The Economist definitely comes in as the most expensive of the GMAT prep courses but for most students, the price is more than justifiable. Even the entry level Complete Prep course comes with access to a tutor—including 50+ free “Ask-a-Tutor” questions and the ability to schedule 2 45-minute live sessions with a personal tutor. So while the price is definitely higher than many self-paced options, the live features stand apart. Their premium
2. Limited Guidance
Practice sections and subject areas unlock as you progress through The Economist GMAT; this is intended to ensure that you are not wasting your time on areas with which you are not familiar. In practice, however, it can be a bit confusing knowing what your next lesson should be. Sections unlock depending on whether you have completed the required lessons, but they do not necessarily follow in order on the screen.
3. No Video Instruction
The AI tutor prompts you with where to go next after each section, but things can get confusing if you are the type who likes to jump around.
For those of you who learn best by way of video or interactive visuals, the Economist GMAT Tutor is unfortunately lacking in this category. Although you do have access to video chat sessions with a tutor, these are restricted in number and are not set lessons plans but instead Q&A sessions that you control. While not critical for every learning style, sometimes video lectures can help you engage. If video lectures are your preferred method of study, however, check out our review of the Princeton Review’s GMAT course, which features over 100 adaptive video lessons.
The Economist GMAT Tutor offers a wide range of online options to accommodate students who prefer to do their test review on their computer or mobile device. Overall, the Economist goes to great lengths to not only educate students on the subject matter that the GMAT tests, but also on the characteristics of the exam itself.
Access to in-depth explanations for all possible answer choices help to make up for the lack of video lectures, but it would still be nice if there were some options for video instruction apart from the limited live tutoring sessions.
The 70+ score improvement guarantee is at the top of the market and shows that the Economist has real confidence in the effectiveness of their system. Even the extra 50 points guaranteed by the basic package are a huge boost, and this can still make the difference in getting into the perfect school.
With all of this said, The Economist comes in at Number 4 on our comparison of the Best GMAT Prep Courses. Check out their website and get started with a free trial to see if it’s the right choice for you and get started on the path to CRUSH the GMAT!
Commonly Asked Questions:
- How Much is the Economist GMAT Tutor?
The Economist GMAT Tutor has a three-tiered pricing plan. The basic Complete Prep begins at $799 and offers full access to the online course and access to tutors for live sessions and question submission. The Premium and Ultimate Preps are priced at $899 and $1099, respectively, and offer increased access to tutoring options as well as more practice tests.
- How long does The Economist GMAT Tutor prep course last?
Each prep package comes with a different length of access. With the baseline Complete Edition, students have 3 months of access to the online course and allotted tutoring benefits. The same is true for the mid-level Premium Prep. The top-tier Ultimate Prep allows for 6 months of full access and is a great choice for those who might need to stretch their studying out due to time constraints.
- How does The Economist GMAT Tutor compare to other review courses?
Choosing the right preparation course is often a matter of discovering and capitalizing on your unique learning style. Specifically, The Economist offers built-in access to trained GMAT tutors, which is something that most self-paced online courses cannot claim. For an overview of how The Economist stacks up, have another look at our GMAT Prep Course comparison chart.