My GMAT sucks / chances at masters

My GMAT quant is terrible. Just took the test yesterday and got a 640 (38Q/ 39V). This was much lower than expected, my last 2 practice tests where 700 (43/43) and 710 (I forget the splits). Point is, I'm 90 percentile on reading and bouncing between 41 (actual GMAT) and 70 percentile on math. I've been out of school for about a year with no luck on the job front, my intentions were to take the GMAT and apply to the following programs: UNC (Macc), Uillinois (Macc), SMU (was supposed to be safety MSF), UT (MSF), and Villanova (MSF). MAcc programs seem to have higher percentage of job placements and I'd celebrate a big 4 or corporate accounting job at this point. given my lack of work experience (0) and my GPA (2.98) I figured a 700 plus would be necessary to get into UT/Villanova. I know my GMAT is at or above avg at UNC, Illinois, SMU, and Villanova but how bad is my quant going to hurt my application? I want to retake the test in January but I'd like to at least have a few apps done before February 1. I know UT is going to have to wait but do I have more than a 50/50 shot at the other programs mentioned? Should I consider Duke MMS?

Last bit of info: non target finance/Econ dble major, black male.

 

You'd get into UIUC with those stats. Competitive at Nova assuming you're a domestic student with some work experience. Probably a decent shot at SMU.

IMO, relax, take the test again and apply. You're not in that bad of shape.

 
Best Response

Average GMAT is misleading. If you are a domestic student you can get into most programs with a much lower score. Chinese students push the average up but hurt placements.

Trust me. I see a TON of applicants every year and who gets in where. 3.0 and a 640 will get you in a lot of places.

On a side note, this fetish for a 700+ GMAT is entirely a T10 MBA creation. It doesn't predict success in or out of school and you only need a score that high because of the competition at these MBA programs. MSFs do not have a ranking nor are they as competitive as the top MBA programs so you don't need a ridiculous high score St many of them.

 

Corrupti cumque est labore a qui velit. Rerum eum quaerat consequatur quaerat.

Qui temporibus cupiditate nam error non in. Quidem asperiores consequatur sint sit cumque. Aut quidem quo nostrum aut enim.

Et alias sapiente numquam veritatis. Aut amet commodi vel ducimus aliquam. Animi odit accusamus rerum ipsam quasi tempora et. Fugit qui sit sequi id ratione sed. Praesentium asperiores modi nulla qui rerum. Dignissimos harum occaecati deleniti maiores. Ut delectus totam qui nobis exercitationem.

Animi quasi repellat doloremque alias. Et qui iure accusantium nostrum ab. Maiores aut quas et earum quis deleniti totam. Qui sed dolores itaque et. Perspiciatis impedit tempora autem amet cumque impedit quae. Repellendus cumque et dignissimos quasi quas quod.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”