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GMAT Percentiles

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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 11:27
Nerdboy wrote:
[

You mean that Mensa membership makes you look nerdy therefore less attractive to employers, or that it makes interviewers want to 'test' if you're really smart?


Hmmm...your Gclub name is "Nerdboy", right? :wink:

P.S. - I don't think you are going to get away with tough interview questions (especially if interviewing for finance or consulting jobs) whether one has MENSA on their resume or not....in fact, if one is able to get into top 10 MBA program, that already says plenty about the applicant's potential and accomplishments.
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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:00
What's the point of Mensa anyway? Even within the group of people that qualify for membership, it's self-selecting. Many clubs like appear to be interesting simply because of the relative exclusivity of the club itself. What would be the purpose of putting Mensa on your resume? It's not a degree, it's not some skill or valuable experience. It really is just there to say "I'm 1 of 50 [i.e., top 2%]. I'm smart. 49 others aren't."

Would you put your IQ on your resume? or how about on a business card:

J. Allen Morris, J.D., MBA, 142IQ

(I have no idea what my IQ is, that's just made up)

I'm sure some members of Mensa are great, but I do believe others, maybe the majority are seeking validation and Mensa is a way to accomplish this. It doesn't make sense to me.
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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:15
its funny but my IQ increased after my gmat prep..

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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:19
fresinha12 wrote:
its funny but my IQ increased after my gmat prep..


Technically, an IQ is a static number, it shouldn't be something that can increase/decrease.

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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:20
Mensa's meant to be a group/forum where smart people can discuss various matters among their intellectual peers. As for exclusivity, there are about 134 million people worldwide eligible to join (6.7 billion population x top 2%). Doesn't seem all that exclusive. And with membership of only about 100,000 (according to Wikipedia), it doesn't even seem that appealing to its target popluation (0.07% of those eligible actually belong to the group).
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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:22
Nerdboy wrote:
foodstamp wrote:
ninkorn wrote:
i hear that as soon as one passes 750 in GMAT, one can apply to Mensa for membership..

Anyone did it? Or thought about doing it? Might come in handy when interviewing....or when your resume gets published in the book for employers....


Hehe. If you are being serious and looking to get into finance, then I'd advise against it! When interviewers see Mensa or similar stuff on a resume, they will work extra hard to tear you apart. (Mensa, poker, chess, math competitions on a resume open you up to very complicated/pressure questions.)


You mean that Mensa membership makes you look nerdy therefore less attractive to employers, or that it makes interviewers want to 'test' if you're really smart?


It makes them test you. If my goal is to get the job from that interview, then I wouldn't expose myself to areas where they can destroy me with their questioning.

My experience: I went through tons of interviews with major ibanks and there are several things which I took off my resume because almost every interviewer tried to come up with something extra hard to get me to sweat. In finance, you will get hard questions regardless of what is on your resume, but certain buzz words can get you into a mess that you didn't want to be in.

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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:30
Speaking of 'Top X %' percentiles, this was bugging me for a while, and I finally ran the numbers. Seemingly every day I am seeing another 'member profile' in the no discussions thread with another high 700s score. (Which is awesome for the person of course, but got me wondering as to really how rare a 700+ score was) In fact, here's the breakdown for that thread in total(I didn't count people who only listed a practice score):

page 5, 17 / 18 700+
page 4, 15 / 17 700+
page 3, 17 / 18 700+
page 2, 15 / 20 700+
page 1, 15 / 16 700+

in total, 79 out of 89 (88.7%). In sum, essentially 90% of those GMAT clubbers are scoring in the highest 10% of GMAT test takers. Does this make sense to people? Im aware that:

1) People are only listing their highest score, and ones percentile is only out of every GMAT test taken.
2) Obviously someone with a high GMAT score is more likely to flaunt it than one without, even with relative anonymity.

But still, I'd be very curious to what the percentiles are of the various scores, compared against each test-takers highest score rather than just every test. After all that's what you're competing against for your apps. I'd suspect that 700, while in the 90% percentile for every GMAT exam, is much lower than that (maybe even 75-80%) for an applicant's highest score, because so many people take the '700+ or bust+' philosophy when studying / deciding whether to retake their GMAT.

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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 12:32
NJMike4MBA wrote:
Mensa's meant to be a group/forum where smart people can discuss various matters among their intellectual peers. As for exclusivity, there are about 134 million people worldwide eligible to join (6.7 billion population x top 2%). Doesn't seem all that exclusive. And with membership of only about 100,000 (according to Wikipedia), it doesn't even seem that appealing to its target popluation (0.07% of those eligible actually belong to the group).



134 million out of 6.7 billion only appears to be non-exclusive because it is hard to grasp 6.7 billion people. I like your analysis of 0.07% of the eligible population are members. Certainly doesn't seem that many people really want to get into it. Maybe it's the membership fees for some, and the fact that many others that are that smart think it's stupid to have to pay a group to tell you something already knew before you joined their group otherwise you wouldn't have known you were eligible to join their group.
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New post 10 Dec 2008, 12:43
Also in my view Mensa is a type of organization that is well-intended, but outdated. When it was founded (post WW2), there was no internet, no newsgroups, the only real formal areas for intellectual discussions belonged to universities. The intention of Mensa was to reach out to various intellectuals whose social circles only consisted of their family, friends, and co-workers and provide a medium for easier introductions/discussions between those types of people. So if I encounter someone say age 35 or older that talks of their Mensa membership, I can understand the pride / reasoning behind it. But if you're my age, you pretty much just come off as a tool :) as always just my $0.02

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New post 10 Dec 2008, 12:49
I think that's a great point. One benefit of GMATClub (and other attempts at forums like it) is basically what Mensa was decades ago. When we stop to think about how much the internet has changed our lives, it's kind of scary actually.

bostonsparky wrote:
Also in my view Mensa is a type of organization that is well-intended, but outdated. When it was founded (post WW2), there was no internet, no newsgroups, the only real formal areas for intellectual discussions belonged to universities. The intention of Mensa was to reach out to various intellectuals whose social circles only consisted of their family, friends, and co-workers and provide a medium for easier introductions/discussions between those types of people. So if I encounter someone say age 35 or older that talks of their Mensa membership, I can understand the pride / reasoning behind it. But if you're my age, you pretty much just come off as a tool :) as always just my $0.02

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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 14:04
ninkorn wrote:
Nerdboy wrote:
[

You mean that Mensa membership makes you look nerdy therefore less attractive to employers, or that it makes interviewers want to 'test' if you're really smart?


Hmmm...your Gclub name is "Nerdboy", right? :wink:



Yes, and it is not on my resume ;)
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Re: GMAT Percentiles [#permalink]

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New post 10 Dec 2008, 14:58
bostonsparky wrote:
In sum, essentially 90% of those GMAT clubbers are scoring in the highest 10% of GMAT test takers. Does this make sense to people?


GMATClub is very self-selecting. Check out last years Ross thread. I think 67% of R1 applicants got accepted. I think Ross' overall acceptance rate is ~20%.

That being said, when GMAC says that the average GMAT score is 550, I assume that's across all tests taken, not the highest score of each individual who has taken the test.

It would be interesting to see what the average GMAT score was if you only counted each person's highest score.

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Re: GMAT Percentiles   [#permalink] 10 Dec 2008, 14:58

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