Hello Hjort,
I have see this comment many times (not only in this forum). It seems that Ultra Elite Schools (Harvard/Wharton/Stanford) only accepts students with the highest achievements. Unblemished records during undergrad.
What is a typical profile of a student in this sort of school?
GPA=4, GMAT=730-790, great career, active social/volunteer worker, Olympic medalist?!? A superstar who is already working in the either Goldman or McK??
How will a late bloomer fare? Meaning someone (work exp of 3 yrs) who has a set extremely competitive traits, a clear life and career path with the exception of a good GPA?