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Investment banks aren't looking for GMAT scores, GMAT is for bschool.
I have often heard that Investment Banks use GMAT scores to thin the herds, sort of a crude first step screening mechanism.
For analyst recruiting or post-MBA associates?
Never heard of that but maybe someone who has more experience on the MBA level could share some insight
I good score helps but a lower score, so long as you are at a target mba school, doesnt preclude you. It is 100% networking. Nothing more nothing less.
This is just one data point, but I think the career centers are most top-tier schools will tell you to leave your score off your resume if it is below ~700. So, I would take 700 as a floor and adjust based on the relative strength of your resume
Also, recall that most top schools not have some form of grade non-disclosure, so any signal of high achievement is a good one.
MS Associate (continental europe) told me to put my GMAT score on my CV for intern/analyst hire
In the middle of associate recruiting now at an MBA and only 2 banks have asked for GMATs during informationals from all of my classmates. (GS and Citi). Not sure how its used but it does become some sort of data point.
Any idea what a competitive score is? 710? 720? 730?
Not really sure. My guess would be 700-720 is the min there looking for but i can tell you that as a whole, your networking efforts are much more important, at least at my school
Yes, banks do care about your GMATs. ~700+ is what they're looking for.
EDIT
To pass the resume screen you need a 700+. After that, it's all about your interviews.
Does a very high gmat score (760+) mean that you are more likely to get an interview?
I heard MBB places a lot of emphasis on GMAT as a first step screening mechanism.
High scores are definitely a plus and signify horsepower. While 700 may be a minimum, the higher the better. It's an easy metric to compare one candidate against another.
Regarding MBB - I had heard they care as well, but one of my friends is finishing up a top program with an offer from BCG and he told me none of the firms asked about his gmat score.
MBB do care about your GMAT, and they care a lot more than banks do, but these are very different beasts we're talking about.
You get Summer Associate interview invitations from banks based on your networking after they've visited your campus as part of their target school tour. The networking is the key variable in whether you get the interview invitations. MBB are not quite as networking-heavy and will care a little bit more about your resumé and GMAT.
Once you get the interview, forget about your GMAT. Plenty of folks with 700s getting into McKinsey and Morgan Stanley, and plenty of folks with 760+ having a harder time.
Source: myself and literally over a hundred of my classmates at a target b-school.
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