All these arguments are invalid to admission counselors. Its Ultimatly, the schools choice to accept the gmat as a predictor, and its your job as the applicant to submit your best application, better said, best overall application, work experience, number of years in a leadership role, how many people have you managed and did you do good job at it? At the end of the day, mba programs are looking for leaders, not just great standarized test takers. great that you can get a 760 on the gmat but can you lead others or help others in obtaining that same score, are you the type that will help someone get there or watch someone fail in life, are you the type that watches someone fall, and you don't have the decency to give them a hand? You know who you are! You will make an excellent spreadsheet monkey!
Schools ask for LOR for this reasons, they are sick of scumbag blood sucking leaches that drain the life of people, stay away from high MBA programs, I don't want to see you, or be near you! Unless you give a crap about leading, innovating, and creating change, and helping your classmates, you have no reason in an MBA program, go to a small shitty state school, that school is for you.
This is why B schools evaluate an overall application, and completly throws away the argument that if you get a high gmat score your mostlikely to enter the program. Who cares if you get a high GMAT score? Seriously, it does not, not by a long shot. If your a scumbag in life, you'll most likely sound like on on paper. MBA Programs are looking for people who are sincere, authentic and honest, and give a shit, and own up to who they are as individuals, and you can apply putting a great essay, under 1,000 words, as to why they should choose you, if you got a 530? So be it, apply. Don't be discouraged. Be more than encouraged to submit a better essay, and better recommendations.
I know a HBS alum that just graduated this last may, he told me he took the exam like 4 times, that automactically debunks the myth of retaking it over and over will hurt you overall, especially coming from a guy that worked directly as a admission counselor his second year of his MBA program.
Business schools want leaders, not followers, people who can make a difference. I bet someone who gets a 580 can get into HBS or Stanford, or Columbia, with great leadership potential awesome essays and 2 great letters of recom, it might not be the best of applications, but it's still worth it to apply because if these people are human, they will see through a simple score that is used to predict a likelihood of success of passing all his/her classes.
If your scoring low, don't be discouraged on the exam, try, and try again, if you choose to stop at your higher shift your focus on essays, and letters of recom. If you can retake the gmat and do better power to you, and you should if you want to, but you should move forward to apply, don't let the psychology of an exam bother your dreams, challenges will always make you stumble in life, it's up to you to overcome those challenges, especially if you don't, you'll never know their reponse, and you'll be left with a lingering could of, should of, would of.
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