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690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V)

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690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V) [#permalink] New post 01 Jun 2010, 16:13
Hello,

I recently found this forum and it has been rather helpful. I wish that I had found it when I was actually studying for the GMAT.

I graduated from a top Canadian undergrad business school in 2008 with a BBA in finance (3.4 GPA). Due to the economic climate at the time and my lack of solid corporate work experience, I went unemployed for over a year after graduation. During this period, I thought that I would take the GMAT while my mind was still fresh.

In January of 2009, I bit the bullet and took the GMAT after a disappointing experience with the Kaplan course.

I was aiming for a 700 but none of my practice CAT's broke the barrier and I was scoring in the high 600's.

On test day I scored a 690 (88%) (48Q 38V), AWA 5.0/6.0.

Although short of my ideal score of 700, I was quite proud of myself, especially since Q and V were almost perfectly balanced.

Fast Forward to the present: I am 23. I have about 1 yr of full time work experience in Financial Reporting for a large American financial institution and now as a Financial Bond Underwriter for a large International Insurance Company.

I am now considering applying to a Top 20 US school within the next couple of years (Anderson, Haas, Tuck, Stern, Booth).

I have noticed that other applicants on the forum have posted that they scored a 700 (90%) on the GMAT, with EXACTLY the same Quantitative and Verbal scores that I received, 48Q and 38V.

Is there a reason for this? Did they score fractionally better than me? Did they recalibrate the scoring system at some point? What is the difference between my score and their score?

Will a school actually favor someone who scored a 700 with a 48Q 38V over me who scored a 690 with 48Q and 38V?

Thank you for the clarity.
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Location: United States
Concentration: Healthcare, Economics
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GMAT 1: 710 Q48 V38
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Re: 690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V) [#permalink] New post 01 Jun 2010, 23:11
If you look at the GMAT score report thread:
gmat-score-guide-to-gmat-scores-score-reports-83890.html

You'll see the rubric.

Basically, at each combination of scores, there is a small variation of score (+/- 10 or 20 points). I scored a 48/38 and scored a 710 (upper end of the band) You score a 48/38 and received the 690 (lower end of the band).

You're on the table for most top 20 programs. If you want to stick out more, buckle down and study, you could easily get up to 720+ with a month or two.

You could always go the Knewton route, as Knewton has a 50 point guarantee (we have lots of members who were happy with Knewton).
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Re: 690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V) [#permalink] New post 01 Jun 2010, 23:16
690 is a good score, congrats for that.

If you are looking to improve and have ample time for online course then definitely go for Knewton. You will always have win-win situation.

690+50 = 740 you wont mind this for 700 bucks....
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Re: 690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V) [#permalink] New post 02 Jun 2010, 01:36
Expert's post
Welcome GetmeoutofCanada (though I'd like to go the other way and looking forward to a trip to Vancouver in the fall).

It happens - the same distribution of V and Q yields a different score; that's just how it works.
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Re: 690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V)   [#permalink] 02 Jun 2010, 01:36
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690 GMAT (48Q 38V) vs. 700 GMAT (48Q 38V)

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