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

It is currently 23 Jul 2014, 04:37

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 Score correlation to MBA salary

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Expert Post
Founder
Founder
User avatar
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 12009
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5
WE: Information Technology (Hospitality and Tourism)
Followers: 2158

Kudos [?]: 7576 [0], given: 3623

GMAT ToolKit User Premium Member CAT Tests
GMAT Score correlation to MBA salary [#permalink] New post 13 Sep 2009, 15:59
Expert's post
Found this interesting article from Kaplan UK, a correlation graph between GMAT Score and Salary and supposedly every 10 GMAT Points are worth $5K on the annual basis.... Yeah, right. What a great example of a logical fallacy in CR :)

Image

Source: http://www.kaptest.co.uk/courses/gradua ... epare.aspx

_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... | Want to know your GMAT Score? Try GMAT Score Estimator
Need GMAT Book Recommendations? Best GMAT Books

Co-author of the GMAT Club tests

Have a blog? Feature it on GMAT Club!

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Kaplan GMAT Prep Discount CodesKnewton GMAT Discount CodesVeritas Prep GMAT Discount Codes
GMAT Forum Moderator
User avatar
Status: Accepting donations for the mohater MBA fund
Joined: 05 Feb 2008
Posts: 1860
Location: United States
Concentration: Healthcare, Economics
Schools: Ross '14 (M)
GMAT 1: 710 Q48 V38
GMAT 2: Q V
GPA: 3.54
WE: Accounting (Manufacturing)
Followers: 53

Kudos [?]: 374 [0], given: 234

GMAT ToolKit User GMAT Tests User Premium Member Reviews Badge
Re: GMAT Score correlation to MBA salary [#permalink] New post 13 Sep 2009, 19:12
Kinda like Homer from the Simpson

Quote:
Humorous example

An entertaining demonstration of this fallacy once appeared in an episode of The Simpsons (Season 7, "Much Apu about Nothing"):

Homer: Not a bear in sight. The "Bear Patrol" must be working like a charm!
Lisa: That's specious reasoning, Dad.
Homer: Thank you, dear.
Lisa: By your logic I could claim that this rock keeps tigers away.
Homer: Oh, how does it work?
Lisa: It doesn't work.
Homer: Uh-huh.
Lisa: It's just a stupid rock. But I don't see any tigers around, do you?
Homer: Lisa, I want to buy your rock.

_________________

Strategy Discussion Thread | Strategy Master | GMAT Debrief| Please discuss strategies in discussion thread. Master thread will be updated accordingly. | GC Member Write Ups

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Senior Manager
Senior Manager
avatar
Joined: 19 Jul 2009
Posts: 311
GMAT 1: 690 Q44 V41
GPA: 3.75
Followers: 1

Kudos [?]: 23 [0], given: 20

Re: GMAT Score correlation to MBA salary [#permalink] New post 14 Sep 2009, 12:36
Yeah, I was thinking of it in terms of an AWA.

We got a causality problem there already. Probably representativeness too.
CEO
CEO
User avatar
Status: Nothing comes easy: neither do I want.
Joined: 12 Oct 2009
Posts: 2793
Location: Malaysia
Concentration: Technology, Entrepreneurship
Schools: ISB '15 (M)
GMAT 1: 670 Q49 V31
GMAT 2: 710 Q50 V35
Followers: 175

Kudos [?]: 890 [0], given: 235

GMAT Tests User Reviews Badge
Re: GMAT Score correlation to MBA salary [#permalink] New post 10 Jul 2010, 02:26
lol nice. What about the scores > 740.....haha

_________________

Fight for your dreams :For all those who fear from Verbal- lets give it a fight

Money Saved is the Money Earned :)

Jo Bole So Nihaal , Sat Shri Akaal

:thanks Support GMAT Club by putting a GMAT Club badge on your blog/Facebook :thanks

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Gmat test review :
670-to-710-a-long-journey-without-destination-still-happy-141642.html

Ms. Big Fat Panda
Ms. Big Fat Panda
User avatar
Status: Biting Nails Into Oblivion
Joined: 09 Jun 2010
Posts: 1855
Followers: 329

Kudos [?]: 1336 [0], given: 194

GMAT ToolKit User GMAT Tests User
Re: GMAT Score correlation to MBA salary [#permalink] New post 10 Jul 2010, 06:26
Actually, this year, they said it was more of a $10000 correlation. Or maybe it was $1000. I should've paid more attention. But yeah. Will check and post :)
Expert Post
Founder
Founder
User avatar
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 12009
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5
WE: Information Technology (Hospitality and Tourism)
Followers: 2158

Kudos [?]: 7576 [0], given: 3623

GMAT ToolKit User Premium Member CAT Tests
Re: GMAT Score correlation to MBA salary [#permalink] New post 10 Jul 2010, 11:56
Expert's post
gurpreetsingh wrote:
lol nice. What about the scores > 740.....haha


If you score 750+, you can retire - no need to work :wink:

_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... | Want to know your GMAT Score? Try GMAT Score Estimator
Need GMAT Book Recommendations? Best GMAT Books

Co-author of the GMAT Club tests

Have a blog? Feature it on GMAT Club!

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Senior Manager
Senior Manager
avatar
Joined: 08 Dec 2009
Posts: 420
Followers: 4

Kudos [?]: 87 [0], given: 26

GMAT Tests User
Re: GMAT Score correlation to MBA salary [#permalink] New post 10 Jul 2010, 13:35
another version of data mining at its best.

give me any conjecture, and i can prove to you a high correlation to anything on this earth.

e.g., for investing: the superbowl indicator, the hemline indicator, etc.

_________________

kudos if you like me (or my post) :P

Re: GMAT Score correlation to MBA salary   [#permalink] 10 Jul 2010, 13:35
    Similar topics Author Replies Last post
Similar
Topics:
2 GMAT Club Test Score Correlation and Interpretation cecilpaladin32 4 21 Feb 2012, 10:36
Experts publish their posts in the topic GMAT Club Post MBA Salary? aznboi986 3 31 Aug 2011, 20:31
Experts publish their posts in the topic SAT vs. GMAT Score Correlation GoMannschaftGo 3 25 Jul 2010, 18:10
Correlation of Official Guide to GMAT hockeyplaya182 2 30 Sep 2009, 12:57
GMAT/SAT Score Correlation woggy987 10 06 Dec 2007, 08:11
Display posts from previous: Sort by

GMAT Score correlation to MBA salary

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: bagdbmba, WaterFlowsUp



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®.