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Are there any programs that offer scholarships based solely on the GMAT score (possibly full rides)? I've heard some schools "buy" higher GMAT scores in order to boost their averages. Not sure if that's completely true. I'm particularly interested in schools in the U.S., Canada, and Europe. As for my background, I have two degrees from a major research state university (Finance and Accounting - 3.65 GPA), less than one year experience, and a 720 GMAT score.
I've heard rumblings of such practices as well but I'd suspect that any school that does indeed "buy" GMAT scores does it above their 80th percentile. It wouldn't make much sense otherwise. With that said I think that limits the quality of schools that would buy your GMAT score at 720. I suspect 95%+ of schools in the top 30 have 20-80 range above 720 and outside of that range unless you are interested in the best school in a relatively isolated tertiary market I'm not sure it would be worth going to. From a numbers perspective your profile says on its face that you'd be competitive just about anywhere and it might do you more good to apply to better programs and take lesser financial aid (or none at all) and bask in the better post-MBA opportunities. Unless you're dead set on working in Cleveland or Salt Lake City etc. etc. To each his own if thats the case.
Final decisions are in: Berkeley: Denied with interview Tepper: Waitlisted with interview Rotman: Admitted with scholarship (withdrawn) Random French School: Admitted to MSc in Management with scholarship (...