650 GMAT for IB

Is a 650 gmat score to low? I will be going to B school this fall and was wondering if having scored a 650 will ruin my chances of getting a job in IB. I have quantitative work experience and educational background, but I am wondering if the GMAT will outweigh the rest.

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I keep hearing it's important for consulting, but then I hear networking and following the routine recruiting schedule that others went through at your school is more important for banking. Every time I read about a GMAT cutoff, consulting firms are mentioned. I want to make sure I'm not wasting my time studying for the GMAT, when I could be networking or preparing some other way for the interviews.

I feel confident that I can show my quantitative abilities through other things on my resume, but I am worried that there are cutoffs that will not let me get to that.

 
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