IBanking recruiting and GMAT - Top 15 school

nycfan's picture
Rank: Chimp | 5

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!

Comments (20)

Jul 28, 2011

i know that MBB tend to use 700s as a cut off but not so sure about the ibanks? :X

Jul 29, 2011

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.

Jul 29, 2011

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.

Jul 29, 2011

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.

Jul 29, 2011

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.

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Jul 29, 2011

Why don't you pull up the application and see? I can't remember ever seeing a verbal/quant split question. Total score, yes.

Jul 29, 2011

700+ is good enough most of the time (top 5).

Jul 29, 2011

Hi Midas,

Thanks for your reply. Do you mean Top 5 admissions or IB recruiting?

Jul 29, 2011

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).

Jul 29, 2011

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.

Jul 29, 2011

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!

Jul 29, 2011

hahahaha

Jul 29, 2011

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.

Jul 29, 2011

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.

Jul 29, 2011
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