Is 3.6 GPA too low?

For top MBAs such as HBS and GSB, if I get a really high GMAT score, would the low GPA be somehow compensated? My Major GPA is ~3.8 though. My low overall GPA is because due to personal/ health reasons, I missed exams for a intro psy class sophomore and it was too late to audit it, so I failed that class.

Would this be a hindrance?

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