I heard that the new IR section is not so important and schools will not look at it, at least for now since it's new. Can anyone address that? does it mean I can invest more time in other sections?
I guess it's partially true, since they don't know what to make of it, see here: http://poetsandquants.com/2012/08/13/some-schools-will-ignore-new-ir-gmat-section/
Thanks for the link! I also read this article about the GMAT/GRE, which recommends taking the GRE if you're having trouble with the GMAT (something I'll definitely consider...): http://poetsandquants.com/2012/12/13/seven-of-ten-b-schools-now-accept-gre/
That's good, but you should also consider the fact that there is a small advantage for candidates who submit the GMAT over those who submit the GRE. The article supports that idea as well.
I agree, although the GRE is relatively new at most of the top MBA programs. It will probably take a few more years until the GMAT and GRE are completely equal.
I heard the same thing regarding the new IR section in the GMAT - since it is still very new, schools are ignoring it and evaluating applicants based on the quant and verbal sections as before.
Another way to look at it is as if there is just one more factor in admission process, since the IR is a separate score. You have your GMAT score, TOEFL score, CV, essays etc. and now also IR score. That's it.