Hi coaches, could you plz provide some advise for improving mental calculations?

Hello!

The best is to practice, practice, practice! I could recommend you to start with:

1. GMAT exams: that can be found for free in the internet (GMAT prep with The Economist, London Business School free trial, etc.)

2. Math tools: such as Mimir math for iOS or Math tool on Viktor Cheng´s website)

3. Multiplying any two 2 digit number in 3 seconds: check this great video > https://www.youtube.com/watch?v=6ndkkPZYJHo

Best,

Clara

Hi Isabel,
I recommend practicing with:

• Preplounge math tool: https://www.preplounge.com/de/mental-math.php
• This youtube channel with math tricks: https://www.youtube.com/watch?v=PYrgjMubh-c

Best,
Antonello

Hi,

First of all, I recommend using the following approach while doing your calculations

1. Tell the interviewer your approach / formula

2. Check with the interviewer that your approach is correct

3. Ask for a minute to perform the calculations

4. Check any assumptions you make with the interviewer. If you need to round the number - you have to check with the interviewer as well

5. Come to the interviewer with some intermediate calculations results to check that you are moving in the right direction

6. Come up with the final answer

7. Provide the conclusions from the final answer

The following skills will speed up your calculations and reduce the probability of making a mistake:

1) Learn how to solve equations and systems of equations. As you could have noticed, some cases require solving an equation. You can use GMAT books to practice.

2) Learn how to multiply double-digit numbers really fast. It takes just a couple of hours to learn how to apply this method on paper and a couple of days to start doing these calculations mentally, but it's worth it. Please follow the link for more details: https://www.youtube.com/watch?v=6ndkkPZYJHo

3) Learn how to work with zeros.

Simply always use the powers of 10. Then you'll be able to multiply / divide the numbers and sum up / subtract the powers separately:

For example: 300 x 9000 = 3 x 10ˆ2 x 9 x 10ˆ3 = 3 x 9 x 10ˆ(2+3) = 27 x 10ˆ5 or 2.7 Mln

If you get used to writing all the numbers that way, you will never lose zeros.

4) Learn the division table. This method will help you calculate any percentage problems like market shares or margins. For example, if your market is $620M and your revenues are $5.1M you can use 5/6 or 83.3%, as a proxy to calculate the market share. By adjusting to zeroes and slightly decreasing the number, you'll get 8.2%

Best!