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!
i know that MBB tend to use 700s as a cut off but not so sure about the ibanks? :X
As someone who scored a 690 the 1st time I would highly suggest retaking. Don't listen to what the career resource people tell you. If you want the best shot, at least get your GMAT up to the average of your peers at your school, which I assume is >700 since it is a top 15.
Do I-Banks look at GMAT scores for post-MBA hires? (Originally Posted: 07/26/2006)
When MBA students/graduates apply to I-Banks, do the I-Banks request a copy of GMAT scores for those students/graduates?
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.
GMAT required for IB recruitment (Originally Posted: 06/02/2015)
Is there a minimum gmat score required to obtain an IB internship during an MBA program? I am accepted to top 20 MBA programs and would like to pursue IB. I scored a 690, and am unsure if I should re-take the exam to improve my recruitment chances.
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.
GMAT split for top ibanks (Originally Posted: 08/10/2013)
I just got a 740 gmat but with a crappy split (70% math, 98% verbal). If I want to be truly competitive for an associate spot at a top ibank like GS, should I take it again to boost my math score? I'm already at a target school but I'm willing to take it again if the best places are going to laugh at my mediocre math split...
thanks for any advice!
no one will ever ask for your gmat split in an interview. and if you somehow found a creature strange enough to ask that, you should leave that interview immediately. associate interviews are more about polish than nonsense like gmat splits.
GMAT score and MBA IB Recruiting (Originally Posted: 07/10/2010)
Hi,
I'd be interested to get some opinions on the following comment posted on the Businessweek B-School Forum:
"There are many forum members here who have commented that IB and MC are looking for 700+ GMAT AND 80%+ Quant score."
Is there any validity to this? I ask because I had a 720+ score, but scored at the 74th percentile on the quant. Up until this point, I had been under the impression that while adcoms closely scrutinize the Q/V split as well as the overall score, recruiters (IB or otherwise) only looked at the overall score.
Thanks, kcw984
Why don't you pull up the application and see? I can't remember ever seeing a verbal/quant split question. Total score, yes.
700+ is good enough most of the time (top 5).
Hi Midas,
Thanks for your reply. Do you mean Top 5 admissions or IB recruiting?
GMAT for I Banking Recruiting (Originally Posted: 03/01/2012)
Interviewed at Kellogg and Booth (Full Time), assuming I end up at one of those schools, how do I-banks judge the GMAT during recruiting for internships and full-time? I scored a 750 (Q47 V46). Should I retake the GMAT for the sole purpose of increasing chances of landing top investment banking positions?
No, 750 might actually be too high for investment banking. You might be too smart. If I were you, I would retake it and do worse (that will show you want to fit in, which is a key part of success in investment banking).
750 and you want to retake? Makes sense.
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!
hahahaha
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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