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Does high GMAT Score help with scholarship?

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Does high GMAT Score help with scholarship? [#permalink] New post 09 Dec 2008, 18:52
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Reading from the posts, I get a sense that super high GMAT score doesn't help with getting in B-School. However, does having a high GMAT score help with getting scholarships and/or jobs?

I'm trying to decide whether to spend the time to study for GMAT again, if I don't get in any of my schools this year.

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Re: Does high GMAT Score help with scholarship? [#permalink] New post 09 Dec 2008, 21:31
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I have actually been wondering this as well. Here is some quick info from last year's admit/ding thread.

GMAT/UNDERGRAD GPA - schools awarded scholarship
760/3.9 - haas, ucla, kellogg
760/2.9 - emory
710/3.65 - kellogg, duke
720/3.9 - kellogg, ross, duke, unc, booth
730/international - ross
770/3.9 - kellogg
700/2.7 - kelley, cornell
710/3.3 - ross
740/3.6 - tepper, duke
720/international - cornell
770/ 3.6 - ross
730/?? - duke
710/3.0 - tepper, uw foster, boston univ
730/international - cornell
770/2.9 - boston college, unc
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 09 Dec 2008, 22:27
From what I understand, scholarships at many of the top schools is need based. I think HBS is need based, but I cannot speak to the others. I think I remember seeing/reading this in the forum or online somewhere.
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 10 Dec 2008, 00:38
Read this in BW:
http://www.businessweek.com/bschools/co ... getting+in

Looks like some "school's admissions committee might be inclined to give an above-average student a full-ride scholarship because it will help the school improve their overall student body profile."

Looking at last year's profile, it does look like those are above average stats.

Man, I knew I should have retook my GMAT.
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 10 Dec 2008, 04:53
Most schools that I've researched award scholarships based strictly on academic merit...any school that notifies you of the scholarship along with the admissions decision is probably the same. I do feel that, along with a strong profile, a high GMAT can help for scholarships. But I'm not in admissions.
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 10 Dec 2008, 05:41
M7 schools usually have two tiers of scholarships. Name ones which go out purely on merit or merit/need or even need based on the donor's (aka the name) requirements. These are typically large amounts, half to full scholarships. Then schools give out need/merit based in smaller amounts. At some schools there seem to be a LOT of them, I know almost all of us on here who are at Kellogg got something (5-15K). Its not a 100% bet you get it second year though, say you win the powerball you wont qualify but most of the time you continue to get it.

Obviously you still need to qualify since there are people I know who got nothing and definitely need it. So thats the merit part. I believe HBS is purely need based.
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 10 Dec 2008, 15:34
liubhs02 wrote:
Read this in BW:
http://www.businessweek.com/bschools/co ... getting+in

Looks like some "school's admissions committee might be inclined to give an above-average student a full-ride scholarship because it will help the school improve their overall student body profile."

Looking at last year's profile, it does look like those are above average stats.

Man, I knew I should have retook my GMAT.


But as the article notes, those are only mid-range schools (definitely not M7s, and most likely out of the top 25) who will do that. When a school's average GMAT is say 580, a couple 750 scores will make a very big difference in it rising, especially if the class size is small. Not so much when its 700+.
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 10 Dec 2008, 18:59
Do you happen to know that cash value of any of the fellowships below? I got a 25K named, renewable fellowship last year at Chicago (Booth) - I have no idea if this is normal, good, or what...just curious...I definitely wasn't complaining.



foodstamp wrote:
I have actually been wondering this as well. Here is some quick info from last year's admit/ding thread.

GMAT/UNDERGRAD GPA - schools awarded scholarship
760/3.9 - haas, ucla, kellogg
760/2.9 - emory
710/3.65 - kellogg, duke
720/3.9 - kellogg, ross, duke, unc, booth
730/international - ross
770/3.9 - kellogg
700/2.7 - kelley, cornell
710/3.3 - ross
740/3.6 - tepper, duke
720/international - cornell
770/ 3.6 - ross
730/?? - duke
710/3.0 - tepper, uw foster, boston univ
730/international - cornell
770/2.9 - boston college, unc
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 11 Dec 2008, 03:42
I read somewhere in the forum that a student with 640 score got a full scholarship at Booth or Kellogg - not sure, even though the GMAT score is way too less as compared to the 700+, his profile was unique (I dont have the details). I think it even depends on the way you present yourself.
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 07 Apr 2011, 01:03
I'd like to revitalize this topic (the last message is 2-year old) to get a fresher view on the topic.

The question is: does it worth (scholarship-wise) to spend 4-6 weeks trying to get even higher score or one better spend that time polishing one's essays?
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 07 Apr 2011, 03:46
I am in the exact dilemma .. I have a 730 but low verbal (but I did not study much only 1-2 practive tests) so now I trying to justify myself to study a month or so and get 750+. since its still early to start the essays I think It may make sense to spend some time studying the GMAT.
I have already taken it 3 times. Do you think taking it a 4th would have a very bad impact.. ?
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Re: Does high GMAT Score help with scholarship? [#permalink] New post 07 Apr 2011, 08:36
I'm not sure if a high GMAT score is a must to score a scholarship. I have a 730 (50Q, 38V split), am from a over-represented group (Indian/M/Engineer) but I still got some love from Darden. It certainly wasn't need-based but I'd think my community involvement was more of a factor.

If you've taken GMAT thrice to get a 730, I wouldn't take it again. Some schools even average your score if you had >2 attempts (UCLA or NYU or some other school? Not sure). My score is actually on the lower side for my demographic at a top school so not sure if it really helped. Again, I'm not admissions and I'm only one data point for you.

Good luck!
Re: Does high GMAT Score help with scholarship?   [#permalink] 07 Apr 2011, 08:36
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