Hi everyone,
I thought I'd share my own experience applying to B schools with a low GPA.
Firstly, let's get some things straight about my GPA: My undergraduate transcript is horrendous - i failed and switched faculties, and then graduated with a measly 58%. I withdrew from several courses midway, and had practically convinced myself that no graduate school would take me because of my academic record.
But, since I hadn't actually TOLD most people about how bad my GPA was, I had little to say when my mom kept nagging me to apply for an MBA. I mean, in her eyes it was fine - but I was dying on the inside 'cause I was SO SURE I would never get into a decent MBA school. Ever.
I'd even read online that a GPA plays a big, BIG part in your application and there was no way in hell anyone with a low GPA (especially the kind I had - failing and switching faculties and this and that) would get in without a severe, SEVERE struggle.
Anyway, since my mom was always on my tail I had no choice but to prepare for my GMAT (I'd rather get shot than anger my mother... ). I joined a class for it, and though the class was good (well.. the Quant was good.. the verbal... meh), I think whatever I got in the class I could have gotten just through all the resources on this website.
I took the GMAT and scored a 710 (Q:48, V:40, IR:6). I applied to my schools of choice. I was rejected by one (I made a typo in the application, so I knew beforehand there was no way they would take me) and got two interviews (ISB and Nanyang).
I'd read online that a good GMAT score could tone down the damage of a bad GPA, but nowhere did it say it could completely offset it. So I was thinking ISB and Nanyang would grill me pretty hard regarding my grades. But strangely, it didn't happen at all. The interviews focussed on me as an individual - my future vision, my work experience etc. No one even mentioned my grades - it was the complete opposite of what I'd read online. In fact I was wondering if I was rejected post interview since no one asked me questions considered so "crucial" online.
Anyway, I got an offer from ISB, and I'm still waiting to hear from Nanyang. The point is - my grades didn't matter even 10% of what I thought they would. It seems like they couldn't be bothered to ask about them at all.
I honestly think a good GMAT score shows to the committee that whatever your past may be, you can perform at present. I think your essays are also crucial. One of the main aims of your essays should be to show the committee something so interesting that your grades don't matter much to them in comparison. Give them a bait, so to speak. In my case, my work experience was in the entrepreneurial domain. They love entrepreneurship - so their focus in the interview was on that instead.
Don't let yourself take a beating just because you didn't have the best grades. Make sure the rest of your application is excellent, and you have a good chance still.
I hope this helps someone who is in a conundrum thanks to their grades :D
Good luck!