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kdog28
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Also European schools tend to be less "number-crazy" than American schools. If you look at the GMAT range of Top European schools you will see that they tend to be much wider than at US schools. And I think it's because these schools (very wisely) prioritize other things as well. Remember that it's the Americans who invented the standardized test, and who rely on it (sometimes too blindly IMHO). But the schools that are top programs are TRUE top programs.
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A couple of points to add :-

i. Because most European schools (definitely Cambridge and I think LBS as well) take candidates with more work experience, the average GMAT of the entire class could be lower compared to a class with younger candidates. There is a trend that candidates who take the GMAT within 2 or 3 years of graduation score higher than people who take the GMAT several years after graduation.

ii. most schools find that above a certain point, say 670 or 680, there is little correlation between GMAT scores and performance on an MBA.

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