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The average * GMAT score of accepted students
at Harvard Business School is 707. |
Those six-figure starting salaries have had an impact
on MBA admissions... everyone wants one. In the early nineties the
average GMAT score of accepted students at New York University (Stern)
Business School was 610. By 2008 the average GMAT test score had jumped
90 points to 700. Getting a high score on the GMAT
is crucial because the business schools are getting flooded with applicants.
Expect around a 690 average score for the top-ten business schools.
That 690 figure is deceptive because that average includes
many students who were accepted for favorable traits (diversity, unusual
accomplishment or success, etc.) that allow them to gain acceptance
with a lower score. If you have none of these types of traits, then you
probably need to break 750 (that's the 99th percentile)
to have a good chance at a top-ten school. Expect even stiffer competition for MBA admissions in 2009 as the global economy weakens and workers seek to ride out the downturn at business school. 800score has seen a huge boost in customers from the finance industry, particularly the now defunct investment banks. Competition at business schools may be fierce, and you may not get into your first choice school, but getting an MBA right now is a wise way to ride out a once-in-a-lifetime economic storm. GMAT preparation is of prime importance in this brutally competitive MBA admissions cycle.
| Average
GMAT scores of major MBA programs (2007) |
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According to GMAC, the average salaries for 2007 MBA graduates exceeded $100,000. The appeal of high salaries will only serve to increase competitiveness and the importance of high GMAT scores.
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