ncprasad
Google is big on grades and test scores - not saying thats all you need to get in, but they definitely receive more consideration at Google.
aceman626
All top finance and consulting (2 biggest post-MBA industries) firms plus a handful of other firms (i think Google, correct me if i'm wrong) asks for GPA and takes it into consideration when making interview offers.
Totally correct, and for some reason, they are particularly interested in undergrad grades. I had an interview with Google. Everything went swimmingly (perfect as far as I could tell) and the person I interviewed with actually told me she would try to get me through, but my undergrad grades might be a problem. I pointed out that my b-school grades well towards the top of our forced curve, but Google's focus was definitely on undergrad. I know that they used to have a 3.5 GPA minimum. I accepted a banking offer before their decision so I don't know if it would have worked out, but they definitely care about GPA. They aren't the only ones, but they are the company that everyone is interested in these days.
Many of the top banks and consulting firms will at least try to get a feel for grades, whether by asking directly (not allowed at some schools) or by probing other ways. Your fellow students will likely not ask you about GPA (any level) or GMAT.