Tag Archives: GMAT

‘I scored 700, should I retake the GMAT or focus on the rest of my application?

Two years ago I wrote a GMAT article on the Business Week b-school forum called ‘The Myth of the 800 GMAT,’ arguing that a geek-level GMAT score could be counterproductive when applying to professional business-management MBA training. It’s probably still up there somewhere, along with a firestorm of comments — gratifyingly mostly ‘agrees.’

Last year I blogged about it, and here we are again, and nothing has changed. Well … nothing much has changed. There is admittedly, every year, a slight inflation in the average GMAT score of matriculated students at top business schools, and for the elite schools the published average is now invariably over 700. (Obviously,  half of matriculated applicants scored below the average mark.)

This causes students even with 700+ scores to retake the GMAT, in the bid for a further 20 or 30 points. Or even perfection.

Leaving the pros and cons of super-scores aside, yes 720 is better than 700, but is it the smart thing to aspire to — when the tradeoff is time lost to essays and other part of the application? Candidates think the higher they score, the better their chances of admission. It seems obvious but is it right?

Here’s how to think about it: The GMAT operates on a threshold principle. If you are applying to an elite school and you don’t have enough, then everything else you do and say will be in the shadow of that. What is enough? About 700, assuming Q/V balance, that is, 80th+ percentile in each. At this point (and maybe well below it, depending on GPA and other academic recognition,) Adcom will put a check mark next to your cognitive abilities and look for what else you offer.

So the GMAT is crucial — up to a point. It tells Adcom about your intellectual ability, and is particularly handy in that it facilitates easy comparison across institutions and undergraduate majors, and to some extent across cultures. If you are too far below the school’s average GMAT, yes, nothing else you are, do, or say will count. Every 10-point gain adds to your admissions prospects and move of 30 or so fundamentally changes which b-schools you can legitimately hope to get into.

But only up to a point: A higher GMAT won’t check any other box than “cognitively capable” that was already checked at around 700. There’s no benefit to keeping on hammering away at a nail that is already knocked in. Moreover, even a super-score is not going to save you if your recommendations are so-so, your essays are undeveloped, and you stumble in your interview.

It takes a mix of talents to get admitted to a competitive school, the same mix of talents it takes to be a good manager and leader. The operative term here is “mix.” Academic ability is just one of many items considered, along with leadership potential, team player profile, work experience, volunteer experience, profile diversity, and so on. Academic ability is definitely essential, but so are the other attributes. This reflects the multifaceted demands of a real business career.

So it makes sense to be very concerned with the GMAT until it is broadly within the guidelines of your target program. Then forget about it and spend time on other aspects of your application. People who obsess with improving their already 700+ score are short-changing the rest of their admissions profile.

As I tell my clients: ‘It’s like chopping the fingers off one hand while you paint the nails on your other. Don’t do it!’
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An MBA application journey, from GMAT prep to acceptance

Today I thought I’d share the extended journey of an MBA Studio client, as reported here and here. Not only is it a worthy and heartwarming success story in which I’m most gratified to have been able to play a part — helping this applicant with a 640 GMAT get into a top European school — but it is also instructive as to the ups and downs of elite MBA applications…

“Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve.” — Lakshmi Mittal

“The above quote by the great Mittal is really my matra and this is what i believed in when i started on this journey. There were a great deal of challenges and difficulties that i faced but what kept me going was the ultimate goal! MBA is what i wanted to do, this would take me to my destination and i wanted to give in my 100 percent to get there!

“I started this blog back in February, 2009 and at that time I had no idea what was ahead of me. I still remember my first post on 9th February 2009. That was the day when I first laid my hands on the “Official Guide for GMAT Review”. That was the day I promised myself that I’ll put in my sole(sic) into the GMAT preparation and give-in my best shot towards my business school application.

“So without further ado here is a timeline representation of some of the important events that followed that day:

Feb 9, 2009 – I prepared a GMAT gameplan – a time table of how I’ll be taking on the GMAT. Ordered 5 books and dowloaded the beatthegmat flashcards by Eric. More Info
Feb 18, 2009 – Took my first Diagnostic test from the official guide. Did pretty well!
Mar 2, 2009 – Took my first GMAT CAT (GMATPrep 1 downloaded from mba.com) – didn’t go well.
Mar 16, 2009 – Took my first Manhattan GMAT CAT
Apr 1, 2009 – Found out about GMAT Focus – that was a true gem!
Apr 20, 2009 – My first 700 score in a practice test!
Apr 22, 2009 – Influenced by all the GMAT gurus in the Beatthegmat community, I started an Error Log to record all my errors and started going throu’ them once every 2 days along with the flash cards.
May 1, 2009 – A very anxious day indeed with GMAT in 24hrs!
May 2, 2009 – GMAT Day (Attempt 1) – scored a 640 (Q44 V34). Was disappointed with the score and decided to re-take.
May 4, 2009 – Back on with preparation! Analyzed what went wrong and tried to come up with solutions. (You can read about it here)
May 7, 2009 – Scheduled my GMAT (attempt 2) for 19th June.
June 1 to June 8, 2009 – Took 4 practice CATs and averaged around 720! It was a real moral boost.
June 19, 2009 – One of the worst days of my journey – GMAT attempt 2 – 620!! Herez some realization.
June 24, 2009 – Back in the game for another attempt. This was the first time i met Charles – the best tutor in NYC.
July, 2009 – Rigorous practice. And this time with tougher materials such as LSAT critical reasoning book, GMAT Focus, and others. (More info)
August 8, 2009 – Realized something – I’m a horrible standardized test taker. GMAT (Attempt 3) – 640, Again! (More Info) I decided to stop wasting any more time on GMAT started the b-school hunt with my 640!
August 9 to 11, 2009 – Prepared a list of parameters that would help me select 6-7 b-schools that i’ll apply to. Shortlisted a few schools in Asia and Europe. (More Info)
August 15, 2009 – Prepared an outline for essays. First stop – INSEAD! Quite a bold move eh! :)
August 24, 2009 – INSEAD essays first draft – ready!
Sep 1 to 24, 2009 – went over 4 more drafts of INSEAD essays.
Sep 28, 2009 – After 6 drafts of essays, finally submitted my INSEAD application.
Sep 29, 2009 – Submitted my application to University of Hong Kong (I still haven’t heard back from them :) )
Oct 4, 2009 – ESADE Application submitted – after 3 drafts of essays!
Oct 6 to12, 2009 – IESE essays – done with my 3rd draft of essays.
Oct 15, 2009 – ESADE invited me to interview – this was one of my happiest moments since it was my first interview invite!!
Oct 23, 2009 – IESE Application submitted.
Oct 26, 2009 – IESE Invites me to interview within 3 days – That was the fastest response i’ve got.
Nov 1 to 20, 2009Interview preparation along with NUS Business school application essays.
Nov 5, 2009 – INSEAD dings! I kinda expected that.
Nov 13, 2009 – NUS Application submitted.
Nov 22, 2009 – ESADE Admissions interview (face to face with adcom). I still remember that day. It went amazingly well and I was quite confident on making it.
Nov 23, 2009 – IESE Interview – My longest interview but was a fantastic experience with a super friendly adcom!
Nov 25, 2009 – IESE Waitlists me and invited me to an Assessment Day on Jan 31st! It was a 2 months wait!
Nov 27, 2009 – ESADE dings me! I was totally shattered. I still have no idea why but now i understand that there is someone up there who controls your reins. Everything happens for the best!!
Dec 4 to 10, 2009 – HKUST application essays – draft 1,2 and 3.
Dec 12, 2009 – HKUST Application submitted.
Dec 15 to 31, 2009 – The dreadful WAIT!
Jan 1 to 15, 2010 – Applied to Tsinghua University in China, Interviewed and Waitlisted :(
Jan 29, 2010 – Two days before the big event – IESE Assessment day, I get dinged by HKUST!
Jan 30, 2010 – IESE Case presentation – Sample class by Prof. Mike Rosenberg from IESE B-school.
Jan 31, 2010 – IESE Assessment day – A fantastic experience interacting with 30 brilliant applicants from over 15 countries. A whole day of team activities.
Feb 1 to 10, 2010 – Waited impatiently for the IESE results!
Feb 11, 2010 – The day my dream came true – Got accepted to IESE Business school!

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“Like World cup is to soccer, Wimbledon is to Tennis, an acceptance is to an applicant blog. I waited 12 months for such a post and I can’t be happier. I couldn’t have done any of this without the love, support, and encouragement of my parents and my girl friend. I would like to dedicate this admission to them. Amma, Appa and Vrush – this one is for you!

“I also want to thank many people who have played an important part in my journey:

Eric Bahn for Beatthegmat
Charles Bibilos – my tutor
Rocky for all the support
Avi Gordon – MBA Studio and his wonderful book.
Richard Montauk, for his book
ClearAdmit and Accepted for their amazing resources
The entire MBA blogging community
All my readers for their constant support and encouragement.
Alumni and Students of IESE
Nick Vujicic for inspiring me when i was low. (Check this out)
Guy Kawasaki for sharing his knowledge and teaching me a lot.

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“My apologies for making this post so long. If there is one take-away from my MBA application journey (apart from persistence) that I’d cherish life long is this acquired addiction of Blogging. So I’ll be back here soon with another post. Till then, hang in there and have fun! Muchas Gracias!”
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