We often hear MBA applicants ask some form of the following question: “Do I need a 750 to get into a top MBA program?” Although a 750 on the GMAT can certainly be helpful, it is not a prerequisite. We wanted to dispel this myth and put some who believe it at ease. Here are a few simple reasons why this is just not true:
- The average is lower. Average GMAT scores at the top MBA programs range from approximately 700 to 730. Clearly, if the high end of the GMAT average range is 730, the schools cannot expect applicants to have a 750. That would mean that every applicant would be above average, which is not possible. Still, if a candidate’s score falls below the average, this generally places a greater burden on the other components of the individual’s application—so, for example, maybe their work experience would need to be stronger than that of other applicants, or maybe their extracurriculars would need to stand out even more. The bottom line is that mathematically speaking, many people have a GMAT score below 750.
- Too few applicants have a 750 or higher. The top MBA programs accept thousands of applicants each application season. Only approximately 2% of GMAT test takers earn scores of 750 or higher, and some are earned by people who do not ultimately apply to business school at all, do not apply to any of the leading schools, take the test only to become GMAT instructors, pursue an EMBA or part-time MBA instead, are rejected because other aspects of their profile render them uncompetitive… and the list goes on. Basically, the top MBA programs do not receive applications from enough applicants with 750s to entirely populate their incoming class, as evidenced by the schools’ mid-80% GMAT ranges, which are typically 660–760.
- All schools accept the GRE. Applicants do not really even need to take the GMAT anymore. Of course, if you do take the GMAT, you should strive to achieve the highest score possible. However, if the GMAT is not even required, you obviously would not need to score a 750 to be accepted.
We want to be unequivocal: 750 is a great GMAT score, and anyone who earns that score should be delighted. However, if you do not fare as well on the exam, you should still be quite hopeful and keep a positive mind-set, because the admissions process is holistic.