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GMAT Score correlation to MBA salary

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GMAT Score correlation to MBA salary [#permalink] New post   13 Sep 2009, 16:59
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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 :)



Source: https://www.kaptest.co.uk/courses/gradua ... epare.aspx
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Re: GMAT Score correlation to MBA salary [#permalink] New post   13 Sep 2009, 20:12
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.
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Re: GMAT Score correlation to MBA salary [#permalink] New post   14 Sep 2009, 13:36
Yeah, I was thinking of it in terms of an AWA.

We got a causality problem there already. Probably representativeness too.
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Re: GMAT Score correlation to MBA salary [#permalink] New post   10 Jul 2010, 03:26
lol nice. What about the scores > 740.....haha
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Re: GMAT Score correlation to MBA salary [#permalink] New post   10 Jul 2010, 07:26
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 :)
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Re: GMAT Score correlation to MBA salary [#permalink] New post   10 Jul 2010, 12:56
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gurpreetsingh wrote:
lol nice. What about the scores > 740.....haha


If you score 750+, you can retire - no need to work :wink:
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Re: GMAT Score correlation to MBA salary [#permalink] New post   10 Jul 2010, 14:35
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.
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Re: GMAT Score correlation to MBA salary [#permalink]
10 Jul 2010, 14:35

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