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GMAT Score Use in Employment

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New post Updated on: 21 Oct 2005, 09:16
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GMAT Use in Employment

I am occasionally surprised by the number of people who tell me "the GMAT is meaningless once you are admitted into an MBA program." This statement is simply false. In the field of finance it is quite common for firms to ask for your GMAT scores. Investment Banks are probably the best known example but other financial services firms do it as well. Other industries that emphasize analytical skills expect high GMAT scores as well.

It is important to note that many of the ultra elites have some form of grade nondisclosure. Accordingly, the last information that these firms have about your academic ability- your college grades and GMAT score -become more important.

Another factor to keep in mind is that despite its many flaws, the GMAT is the only common experience shared across (virtually) all GMAT applicants. Thus, it makes some sense for firms to be interested in how you performed on the only shared evaluation with students from other schools. There has been some talk of an MBA Exit Examination that students from many schools would take each year but this idea has never gotten very far for obvious reasons (some schools would lose face, some schools would teach to the test, etc.).

Originally posted by Hjort on 20 Oct 2005, 00:37.
Last edited by Hjort on 21 Oct 2005, 09:16, edited 1 time in total.
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New post 23 Jul 2013, 10:07
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GMAT is definitely a factor in deciding who makes the MBB closed list, however its importance varies by firm. At BCG for example, it is a relatively minor part of the resume screening criteria (less important than the prestige of your schools and employers, your professional experience, and your leadership and communication skills). In terms of the actual score, anything below 680 is a detractor, 750 and above is a positive, and 680-740 is considered neutral.

McKinsey has a greater emphasis on high (700+) GMAT scores as well as their problem solving test (PST)

My general advice to candidates is that if you have a 700+, you have basically checked the box for the "raw horsepower" the firms are looking for and should be focusing on presenting your background well on your resume, networking effectively, and then getting ready for those (hopefully) upcoming interviews.

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New post 10 Jun 2017, 15:31
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DallasLastMinuteGMAT wrote:
I scored well on my GMAT, but I am considering retaking it because I am confident that I can do better and I believe it has a strong impact on what job offers I could receive post-MBA program.

The questions that I have:

1. Do post-MBA employers check the official score report? It might look odd if I retake a high GMAT after already being accepted into the school of my choice, but if I can just put the new and improved score on my resume then I think it will be beneficial.

2. Do post-MBA employers check the IR and Essay? I think my score can be higher if I skip those sections and go for the number that everyone talks about.

I have already seen how a high GMAT can help post-MBA as more potential employers are willing to chat with me now as a Pre-MBA due to my score. I am coming from a non-target with a low undergraduate GPA so I think a really high GMAT could be quite important in my job applications.

Thanks!


Hi DallasLastMinuteGMAT

1- In the consulting field and IB, they do care about GMAT score very much. I have folks in UNC KF who was admitted 3 years ago with 690 but they had to study and took the test during their first year to secure interview in consulting. On the other hand, I have seen any question about GMAT for operation or marketing positions.

2- Regarding IR, I heard recently or read in one article (but not verified with any student) that some consulting companies start to look to IR to be not less than 5 or 6.

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New post 07 Jun 2006, 15:24
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I thought I'd try some monster.com searches for the word GMAT...

Quote:
GPA minimum 3.5 at a top Grad School. GMAT minimum of 700. Finance Major.


Quote:
All resumes must contain the following information: standardized test scores (including SAT, GMAT, GRE, etc.), broken down by section where applicable; undergraduate GPA; and current compensation, including most recent bonus, if any.


Quote:
Demonstrated strong performance demonstrated through high GPA, high GMAT scores, high ranking in class



Quote:
Requirements: 1450 SAT / 770 GMAT Minimum to apply



Quote:
· Resume

· GPA from undergraduate and any graduate program(s)

· Scores from any standardized tests taken, including SAT, GMAT, GRE, etc

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New post 31 Jul 2006, 17:18
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Yes I agree. I know for a fact that McKinsey asks for GMAT (or LSAT or other test scores). I don't know if they are absolutely necessary for employment, but I do know that they ask for it.

I'm also quite certain that business schools are aware of their customers (the companies that hire their graduates), and that it is important for them to keep the scores of their admitted students high because they will be more competitive in the job market.

In fact, I will paraphrase from the University of Chicago message board, a message from a GSB student to an applicant with a low GMAT score: It would be wise to try to improve your score because even if you are able to get in, your lower GMAT score will continue to haunt you as you look for a job.

So even for a top top school like Chicago, employment may be more challenging for students that do not have top GMAT scores.
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New post 28 Feb 2009, 21:08
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In my current job, I did not need to take the test again.
I am convinced that one of the reasons I got a job in my current capacity is that I got a 700+ on my test and my current employer (a very well respected firm) explicitly asked for all test scores (even back to ACT). I hear this is becoming much more common. I am so thankful that I studied extra hard for my GMAT as I knew that I could get into the school I wanted to with a 650, but the 700+ score has made all the difference later on. Very important to do well on the GMAT and use it for resumes etc.
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New post 21 Jan 2012, 17:42
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DJK wrote:

True, although I did not say GMAT scores do not matter; I said that there is no minimum ;).

I do not deny that the scores are a big component - how could they not be? MBBs recruit from top business schools. Those who attend top business schools, generally have good GMAT scores.

If you wouldn't mind sharing, why do you say the GMAT scores play a major role? (congrats on your 760 btw) Did the firms explicitly tell you this? If so, what exactly did they say if you don't mind sharing.


I am certainly not in a position to say why GMAT scores play such a large role for consulting firms, however I don't think it is mere correlation between top GMAT scores and top business schools. From what I've seen, even in top business schools the higher a student's GMAT score the more likely they will get a consulting interview. Once a student does get the interview, however, I don't think the GMAT matters for the offer.

I was explicitly told of the GMAT's importance by one prestigious consulting firm. I was contacted by a recruiter who said he wanted to make sure I applied to his company. I told him I was flattered and wanted to know why they specifically wanted me to apply. He seemed taken off guard by the response and said "Your GMAT for one thing." I don't know if they did the same thing to students with the same or higher scores...so take what you want from that story.
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New post 08 Aug 2013, 20:09
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Hi Hailmary,

Yes, people with lower GMAT scores (>650) do get offers, but candidly it can be difficult to do so. The biggest challenge with a low GMAT is getting the opportunity to interview. What I have seen is that people who have low GMAT's but still get interviews tend to have one or more of the following characteristics:

- Significant strengths elsewhere in their profile (e.g. great school, prestigious work experience, demonstrated leadership)
- Other quantifiable data that shows their "horsepower" (e.g. high SAT score, good grades)
- Strong presence when networking with the firms (i.e. charismatic, well-spoken)

Basically, the key is to show your strengths and try to minimize the area of "weakness" in your profile.

I hope this helps! Feel free to follow up with any additional questions on our thread at http://gmatclub.com/forum/interview-prep-with-former-mck-and-bcg-interviewers-157459.html and check out our Facebook page for future tips at http://www.facebook.com/beyondcaseprep
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New post 10 Jun 2017, 11:39
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DallasLastMinuteGMAT wrote:
I scored well on my GMAT, but I am considering retaking it because I am confident that I can do better and I believe it has a strong impact on what job offers I could receive post-MBA program.

The questions that I have:

1. Do post-MBA employers check the official score report? It might look odd if I retake a high GMAT after already being accepted into the school of my choice, but if I can just put the new and improved score on my resume then I think it will be beneficial.

2. Do post-MBA employers check the IR and Essay? I think my score can be higher if I skip those sections and go for the number that everyone talks about.

I have already seen how a high GMAT can help post-MBA as more potential employers are willing to chat with me now as a Pre-MBA due to my score. I am coming from a non-target with a low undergraduate GPA so I think a really high GMAT could be quite important in my job applications.

Thanks!



Hello and welcome to GMAT Club! Have you been admitted already? Or you only have an undergrad degree and not getting into BSchool for a while? Are you suggesting you could not use your higher score for admission and it would only be used for Employment?


I have merged your post with a very extensive discussion spanning the last 10 years or so.
In my experience, consulting, financial, and other traditional MBA employers often ask for scores and it is a good thing to put on your resume anyway - it has helped me to score a few job interviews - i know that because a buddy of mine and I both applied for the same finance position and I got the call while he was more qualified (just anecdotally speaking).

At the same time, I have seen 700 as one cut off point and 99th percentile as another differentiating point. Therefore, if you already have 700+ but don't think you can score 760+, I would not bother per se. At the same time, it is worth something to get a 99th percentile and be the best of the best (I am not aware of a scenario where it would help you to get a score higher than 760).

As to verification, I never applied for the consulting jobs so my score was not a part of the evaluation but I am pretty sure most do verify esp now that they have a much easier option with the official link (the background check/reference verification process). I think if you have IR and AWA at 0, it will be a bit suspcious and will red-flag you, so I would put some effort into getting at least a 5 on AWA and IR so that you can have a passable score there.

P.S. I do have to say that many/most people feel/felt that they could have done better on the GMAT. It does not mean that they do but it is worth a shot.
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New post 13 Jan 2019, 21:54
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I have recruited for a couple of the leading strategy firms over the course of my career. I certainly cared about GMAT scores when I was screening CVs. As a rule of thumb:

750 or above is a positive
<700 is a concern (and likely to result in more of a numerical workout in the case interview if you get that far)
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New post 23 Nov 2005, 16:24
Hjort:
I agree with you on the importance of GMAT score.
I was browsing through the web site of McKinsey sometime back and in Carrers section, one of the required fields is --> GMAT Score, School graduated.
So. there is some consideration for GMAT score, inspite of your Graduate school and experience.

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New post 27 Sep 2006, 09:26
Ryhme, do you know which employer requested a GMAT score of 770 or higher? That seems like an unbelievably high bar.
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New post 26 Nov 2006, 19:24
What if you took GMAT more than 5 years ago and your perfect 800 score is no longer effective? Do you have to take it again for employment purpose?
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New post 13 May 2010, 14:37
patents555 wrote:
Ryhme, do you know which employer requested a GMAT score of 770 or higher? That seems like an unbelievably high bar.


Probably Manhattan GMAT. They advertise that all of their instructors score in top 1%
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New post 17 May 2010, 22:52
yeah very true.. theposts were really of great use!!! Thanks all
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New post 02 Jul 2010, 11:40
I've heard for McKinsey, the magic number is 700, some say it's 720. Does anyone know or could comment on this?
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New post 02 Jul 2010, 11:42
Also, I was reading on the GMAT's purposes - that it should only be used by takers to get in MBA programs. We know that GMAT scores are used by employers. Let's say you got a 690, and got in your choice school. But you're keen on getting into top MC's. Could you take the GMAT to up your score even though you're done with the apps and are actually attending an MBA?
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New post 02 Jul 2010, 11:49
RGM wrote:
Also, I was reading on the GMAT's purposes - that it should only be used by takers to get in MBA programs. We know that GMAT scores are used by employers. Let's say you got a 690, and got in your choice school. But you're keen on getting into top MC's. Could you take the GMAT to up your score even though you're done with the apps and are actually attending an MBA?


i don't see a reason why not but very few employers REQUIRE a certain score; Barclay's was the only Bank I am familiar with that required 700+ to apply, which I think is silly but.... for this purpose, a GMAT score is a GMAT score, regardless of when you took it.
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New post 02 Jul 2010, 12:11
bb wrote:
RGM wrote:
Also, I was reading on the GMAT's purposes - that it should only be used by takers to get in MBA programs. We know that GMAT scores are used by employers. Let's say you got a 690, and got in your choice school. But you're keen on getting into top MC's. Could you take the GMAT to up your score even though you're done with the apps and are actually attending an MBA?


i don't see a reason why not but very few employers REQUIRE a certain score; Barclay's was the only Bank I am familiar with that required 700+ to apply, which I think is silly but.... for this purpose, a GMAT score is a GMAT score, regardless of when you took it.


Thanks. It's just weird when employers actually require it. I guess it just makes the GMAT more stressful. It's for the MBA program and for your future.

I'm just worried since I've read a horror story of someone getting into a great MBA program with a low-ish score and because of it, could not get into some of the better jobs. It's just worrying that after all that money and effort that your gmat score can hinder your employment prospects too.
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