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17 Aug 2016, 17:14
Kudos
Bookmarks
So I have a pretty low GPA given the schools I'm targeting and was able to get a 740 gmat to help compensate for that. But I'm also a couple years below the average age so while I plan on applying this year I wouldn't be surprised if the schools ultimately want to see another year under my belt.
As such I'm starting to worry that my 740 will go from enough above the average to practically the average in the next year or two, especially with the new gmat rules allowing you to see your score first then cancel I would think that the average will continue to rise more so than the usual year over year rise.
Some average GMAT scores for reference:
Kellogg - 728
Stanford - 733
Wharton - 731
Booth - 726
I feel like when I started my research only a year or two ago most of the top schools were less than 720 now most seem to be 730+
So, even outside of my situation trying to compensate for a lower GPA, would you all agree 730 is essentially the new 700? I imagine there are some articles discussing this topic but I wanted to get your personal opinions here on the forum and also if it's something I might need to consider trying to get a 750-760 on the GMAT should I need to reapply this time next year.
As such I'm starting to worry that my 740 will go from enough above the average to practically the average in the next year or two, especially with the new gmat rules allowing you to see your score first then cancel I would think that the average will continue to rise more so than the usual year over year rise.
Some average GMAT scores for reference:
Kellogg - 728
Stanford - 733
Wharton - 731
Booth - 726
I feel like when I started my research only a year or two ago most of the top schools were less than 720 now most seem to be 730+
So, even outside of my situation trying to compensate for a lower GPA, would you all agree 730 is essentially the new 700? I imagine there are some articles discussing this topic but I wanted to get your personal opinions here on the forum and also if it's something I might need to consider trying to get a 750-760 on the GMAT should I need to reapply this time next year.
17 Aug 2016, 23:07
Kudos
Bookmarks
This is a great question and you are clearly paying attention. It almost feels like an arms race when it comes to the GMAT score for top MBAs. I would say you are spot on, for the M7 schools 730 is effectively the new 700 for candidates and I have been recommending my clients to aim for that number. A 740 is a strong score and will be considered such for at least the next few years so you should feel good about that.
Updated on: 22 Aug 2016, 01:43
Originally posted by Admissionado on 18 Aug 2016, 22:52.
Last edited by Admissionado on 22 Aug 2016, 01:43, edited 1 time in total.
Last edited by Admissionado on 22 Aug 2016, 01:43, edited 1 time in total.
Kudos
Bookmarks
redfield
Yes, in a way the 730 is the new 700, and especially for Chinese and Indian applicants. However, with a 740 you already broke the threshold and you don't need a single point more. Not only that, it won't help you much. So concentrate your efforts on the application, because that is what needs to be done.
Best,
Jon
