Find all School-related info fast with the new School-Specific MBA Forum

It is currently 16 Sep 2014, 02:08

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

GMAT - Return on Investment

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
4 KUDOS received
Intern
Intern
User avatar
Joined: 23 Jun 2006
Posts: 9
Followers: 1

Kudos [?]: 36 [4] , given: 0

GMAT Tests User
GMAT - Return on Investment [#permalink] New post 26 Apr 2008, 21:13
4
This post received
KUDOS
I just visited this board again, and looked back with some nostalgia on the whole GMAT process, which I can't believe was already two years ago for me. I am now a first-year student at Kellogg, have accepted a summer internship with McKinsey, and have gained some insights into the actual importance of the GMAT score in admissions and recruiting.

One thing I keep hearing (from people evaluating Kellogg applications) is the following. Admissions take a holistic approach to evaluating candidates. The GMAT score is just one datapoint and is by no means the final word. The GMAT is all about taking away any doubts about someone's academic abilities. If it's above 700, academic abilities are considered good enough, and the GMAT becomes almost irrelevant to the rest of the screening process, i.e. work experience, extra curriculars, etc. If you have a very low GPA, a 700+ GMAT score is advisable, again, to take away doubts about academic abilities. Remember -- a good score won't get you in, but a bad score can keep you out.

750+ may give you a small extra advantage on the "academic abilities" side of things, but do not expect it to offset any other admission weaknesses. The admission advantage you get from 750+ is most likely not worth the extra effort required to get that score (and I know how hard it was to get my 760). There is effectively no difference between a 720 and a 740, as the decision between two very similar candidates with those scores will always be made on other criteria than their GMAT scores. A small difference between two candidates in their level of work experience, achievements, etc. can outweigh, say, a 50 point difference on the GMAT.

The above translates very closely to recruiting. If you're attending a top school, recruiters regard you as part of a pre-screened pool and will generally not care about your GMAT score. Consultancy firms and investment banks may want you to report it, because it can be an extra data point to evaluate and they care about academic excellence even within the top-MBA pool. Again, 700+ is considered 'good', and 750+ will get you a little extra notice, but that's it -- it allows them to disregard the score and focus on your actual candidacy with the things that really matter. Our career management center advises everyone not to put their GMAT score on their resume, but if it's 750+ it's considered acceptable because it might get that little extra notice. Outside of consulting and banking, recruiters do not care about your GMAT score.

Looking back, I probably obsessed too much about the GMAT, but on the other hand I have enjoyed getting that extra little notice for an impressive score. But, if you're GMATPreps are giving you 700+, I'd say take the test and focus your energy on the other parts of your application, which are much more important than the GMAT.

Having said that, I wish everyone the best of luck with their GMAT preparations. It's a tough process, and I'm well aware that it's one of those very few data points that you can still exercise some control over. So show them what you've got.
Kaplan Promo CodeKnewton GMAT Discount CodesGMAT Pill GMAT Discount Codes
Manager
Manager
avatar
Joined: 13 Mar 2008
Posts: 85
Followers: 1

Kudos [?]: 14 [0], given: 0

Re: GMAT - Return on Investment [#permalink] New post 27 Apr 2008, 14:45
Some good info here. Great to hear some words of wisedom from those who've been through the process.
Intern
Intern
User avatar
Joined: 07 Nov 2007
Posts: 27
Location: Dominican Republic
Followers: 0

Kudos [?]: 3 [0], given: 0

Re: GMAT - Return on Investment [#permalink] New post 27 Apr 2008, 21:58
I'd just like to thank you because your 760 post served as motivational fuel for me, even though it was over a year ago.

Thank you.
Director
Director
User avatar
Joined: 20 Aug 2007
Posts: 853
Location: Chicago
Schools: Chicago Booth 2011
Followers: 10

Kudos [?]: 82 [0], given: 1

GMAT Tests User
Re: GMAT - Return on Investment [#permalink] New post 28 Apr 2008, 06:32
Great post, +1 kudos :)
You've followed pretty much the same path I'd like to go on: top B-school followed by working at a top 3 MC firm. Nice job and congrats!
SVP
SVP
User avatar
Joined: 24 Aug 2006
Posts: 2135
Followers: 3

Kudos [?]: 86 [0], given: 0

GMAT Tests User
Re: GMAT - Return on Investment [#permalink] New post 28 Apr 2008, 06:47
Good to see things are well, larzke. I remember your advice being quite invaluable during my gmat prep days.
Current Student
User avatar
Joined: 14 Apr 2008
Posts: 453
Schools: F2010 - HBS (R1 - denied w/o interview ), INSEAD (R1 - admitted), Wharton (R1 - waitlisted & ding), Ivey (R2 - admitted w/ 60% tuition)
WE 1: 3.5yrs as a Strategy Consultant - Big 4
Followers: 11

Kudos [?]: 34 [0], given: 16

GMAT Tests User
Re: GMAT - Return on Investment [#permalink] New post 28 Apr 2008, 07:43
hmmm .. now you have me in two minds with my measly 710!!!

But thanks for the honest feedback ... I appreciate your perspective on this as someone who has seen both sides of the fence.
_________________

INSEAD Sept 2010 Interview Invite Nov 5, 2009 Admit & Matriculating
Wharton Sept 2010 Interview Invite Oct 30, 2009 Waitlisted & Ding
Harvard Sept 2010 Ding without Interview
Ivey May 2010 Interview Invite Nov 23, 2009 Admit + $$

Re: GMAT - Return on Investment   [#permalink] 28 Apr 2008, 07:43
    Similar topics Author Replies Last post
Similar
Topics:
1 Experts publish their posts in the topic MBA - Return on Investment OptimisticApplicant 5 27 Dec 2012, 11:59
8 Experts publish their posts in the topic A 5-year investment note offers a 10% return danzig 4 25 Dec 2012, 14:54
2 The combination of growth and return on invested capital getgyan 3 03 Oct 2012, 20:06
MBA - Return On Investment Aztec 4 28 May 2009, 13:55
MBA Investement return calculator saurabh357 4 23 May 2007, 21:12
Display posts from previous: Sort by

GMAT - Return on Investment

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: TGC, m3equals333



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.