IBanking recruiting and GMAT - Top 15 school

I am about to start my first year at a top 15 school (NOT M7), and I'm trying to get an IBanking summer internship. However, I've heard some stories from people that GMAT is often used as a cutoff for interviews. I currently have a 690 (Q48, V37), will this be a major hurdle? should I retake the GMAT? Thanks a lot!

 

As someone actively involved in recruiting its not very important to me - I look at experience, GPA and personality as my top indicators.

But many firms do use it as a way to weed out applicants.

 

This topic has been kicked around a bit recently, but generally the consensus seems to be no, GMAT is far from the most crucial portion of your application for post MBA IB slots and you can get your foot in the door with a 690.

My only other advice (and this is strictly personal so worth about what you paid for it), is that I would consider re-taking the GMAT if you think you've massively underachieved versus your ability / practice test scores and can get it up high enough that you'll outshine your peers with the score.

 

750 and you want to retake? Makes sense.

The difference between successful people and others is largely a habit - a controlled habit of doing every task better, faster and more efficiently.
 

I heard GS raised its minimum to be invited for an interview to 770 and McKinsey to 780. Anything less than those scores and you are out of luck. With your current score what might hurt you is your shitty quant score. Q47? My retarded inbred 4th cousin can score higher than that. Without practice. But V46 is pretty impressive. Keep up the good work mate!

 

That's what I'm getting to - the quant score. I'm an American, non-engineer. GMAC puts Q47 at 94th percentile for American test takers (40th for Chinese). Up to a 49 seems doable based on practice exams, and should have no trouble keeping verbal static (want to continue killing the curve for the non native speakers who have destroyed quant). Worth retaking before getting to campus to go from Q47 to Q49? Not looking to do financial engineering and have A's in classic quant classes (calculus, etc.) and CPA / CFA. Thoughts? How much do i banks focus on the score break out? If they just look at total score, obviously my questions is pretty absurd.

 

Just finished up MBA recruiting. None of the BBs asked for the Q/V breakdown. With a 750 you will stand out positively among applicants.

The BB recruiting process is very holistic. They have dozens of touch points with candidates throughout the first semester. You'll get your foot in the door no matter what and you probably will score an interview with those credentials alone, but your ultimate success will rest on many other factors.

Retaking at this point is very much -NPV.

 

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