Welcome to F1GMAT's #askAtulJose series. In today's episode, I have a question from a reader who asks:
Q) In your experience, have you noticed any pattern in GMAT or GPA for applicants accepted to top MBA programs?
I would like to start off with the definition of a top MBA program. Any program in the top 15 list of US MBA programs, top 3 list in the UK, Top 2 in France, Top 2 in Spain, Top 2 in Singapore, Top 2 in Germany, and Top 3 in Canada counts for me at least as the top MBA program.
The first thing you must understand is the GMAT scoring trends.
1) GMAT Scoring Trends
In the past decade, the median GMAT has increased from 710 to 720 for top schools. The interesting aspect is that in the last year itself, all top schools saw the scores improve by 2-5 points. For example, Stanford's mean GMAT has increased from 734 to 737; Harvard's median remained the same at 730; Wharton's increased from 732 to 733, Booth's remained unchanged at 730, Columbia's increased from 727 to 729; LBS' score increased from 701 to 708, Haas' mean GMAT increased from 725 to 729; NYU Stern's from 722 to 731, Tuck's from 723 to 726. Kellogg is perhaps the only top school that saw the average GMAT score decrease from 730 to 729.
For a safe score, you must target 730.
If you are stuck in the 670 to 700 range, I would recommend that you switch to GRE by the 2nd attempt. For some applicants, GMAT is just not the test for them. Schools are now open to accepting GRE scores. So you don't have to worry too much about the GMAT and unnecessarily invest six months on the test instead of focusing on the application essays and recommendation letters.
2) GPA
For all top schools, the GPA range is between 3.7 and 3.9. So if your score falls below 3.7, you need a good narrative explaining your additional experiences while pursuing your undergraduate degree that cost you time and which led to a relatively lower GPA. I have seen applicants with Entrepreneurial interests or a personal setback – a health crisis or crisis in the family, struggle to maintain a 3.7 plus GPA. But there are ways to mitigate lower GPA. One is by taking online courses in Statistics, Calculus, and other quant-oriented courses. For US applicants, there is an opportunity to build an alternative transcript.
Regardless of your GMAT or GPA or GRE, schools are looking at your Quant skills. Any effort to bring your scores up in your quant section will help you stand out. If in both the GMAT/GRE or GPA, your quant score is low; then your admission chances go down drastically. So invest your time in GMAT preparation from May to August for Round 1 applicants or September to November 15th if you are a Round 2 applicant.
For applicants targeting European Schools, you can get into the program with a 700 or 690 and even a GPA that is between 3.3 to 3.7. For these schools, it is all about your experience.
I hope you got value from my insights. If you want a free evaluation of your profile for an MBA or master's Application, reach out to me, Atul Jose.
