lawgonebusiness
nothing sexist about it, just supply and demand.
I agree.. from what I've read, you get compared to your peers. This is not really the official policy or anything, but when adcom looks at a thousand white anglo-saxon male finance apps, then I can see being attracted to the higher GPAs and GMATs because you need something to set those people apart from their peers who may have very similar backgrounds/interests, etc..
The underrepresented minorities, people from non-traditional backgrounds, females, LGBT community, etc. may get a leg-up so to speak because their experiences are unique and add to the class experience from a non-finance perspective. At a school like Columbia where finance is king, it makes sense to me that different perspectives are welcomed, even if it means that GMATs that are less than 700 are admitted. And quite honestly, GMAT and GPAs are imperfect measures of how well a student is projected to do in their first year of b-school anyways, so even with a 600+, I doubt that someone would struggle too much unless they just didn't try at all.
Congrats to all the admits! I hope to see you all there this fall!