bsd_lover wrote:
I have another theory. Every school has a statistics page. One of the key statistic shown is something like the following:
GMAT range : 600 - 780 Middle 80% 660 - 740
Now I think that B-Schools make pretty decent money, by encouraging as many people as possible to apply. If this statistics page showed an upper range of 800, it would be pretty darn intimidating for someone with say a 650. A low scorer may think that he's got no hope in hell (not that I think 650 is a low score of course).
Every such applicant is a loss of 250 USD then and there for the school. Ultimately, every b-school has some idea of market psychology.
You have a point. But I disagree. I think applicants are more brazen than you think. I think there are plenty of sub 670 scorers who apply to schools that they have a very minimal shot of getting into. They just assume, "Hell, they can't accept me if I don't apply. I'll give it a shot." That's the automatic ding pile.
I do agree that schools make some decent money from application fees. But, let's take some random numbers. (Nothing concrete, but prob close)Harvard's applicant pool size is 7500. Let's say they get another 1000 apps b/c they control the middle 80% of gmat. With a $250 app fee, that's an additional $250,000 to the bottom line. What is an additional $250,000 to any mba program that charges $80,000+ in tuition fees?
Not much, I'd say.
All that said, I think that once you cross the 700 mark, it meets the school's threshold. If they come across a score of 800, the adcoms will be impressed, but only for about 5 seconds. They move on to other parts of the application. But an 800 will always beat any sub 800 score and therefore be beneficial to the applicant.