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GMAT Score + Chances of Admission

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Current Student
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Joined: 30 Sep 2006
Posts: 71
Location: Houston
Schools: Texas (accepted) , Chicago Booth (accepted), Stanford (denied), London Business School (accepted)
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GMAT Score + Chances of Admission [#permalink] New post 30 Sep 2006, 20:20
I took the test after about 2 months prep and a Kaplan class and got a 680. I was satisfied but still a little disappointed with where I hoped to end up (700+). Particularly, I did not answer the last question in quant which I feel really lowered by score for this crucial range that I am in for a top 5 school.

My breakdown was:

Quant - Scaled score of 44, Percentile 73
Verbal - Scaled score of 39, Percentile 88
Overall - 680, 89th Percentile

My choices of school in order are Stanford, Wharton, Harvard, Columbia, Cal - Berkely.

1. Does this score allow me to be on equal footing with those applying to top 5 schools?

In regards to other AdCom areas of interest (essays, GPA/Undergrad, work exp, and recs):

I went to University of Texas - Austin for their Business Honors Program. Final GPA of 3.74 with major GPA of 3.90 (Finance). Did real estate investment banking for 1 year for large bank and was tapped to jumpstart an opportunistic investment arm focused on real estate for a local group for past year as Director of Acquisitions.

I am most worried that 2 yrs work experience is not enough (though it will be 3 by the time of arrival) for these schools with 5 years average.

Other qualities: valedictorian (1 of 452 in HS), should have solid recs from current bosses, not overly involved outside of work with resume-building stats. Play lots of sports, involved in church, not big roles though.

I'd really appreciate everyone's ideas for my chances. Thanks.
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Joined: 31 Oct 2003
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Location: Ann Arbor
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 [#permalink] New post 01 Oct 2006, 10:16
To answer your question directly, no you won't be on equal foot applying to those schools with that score. To be specific, equal footing would mean that you were at the median score for admits to those schools. That's not to say you won't have a chance, applying with a 680, but by definition you won't be on equal footing and will need to be better than other applicants in other aspects of your application.

BTW, it's highly unlikely that not getting to the last question made a difference. The bulk of your quant score is derived in the first 10 questions and after that more fine tuning begins.

Everyone with 2-3 year worries that it's not enough and people who are 30 worry that they're too old. The answer is that if you can sell your story correctly, it doesn't matter.

You have to decide now for yourself whether you're comfortable applying with a 680, knowing that you'll be at a slight disadvantage for these schools.

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http://www.mbagameplan.com

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