Your GMAT Score and B-School
What are GMAT schools?
The essence of the GMAT exam for a test-taker is the fulfillment of one’s dream to get an MBA degree from one of the best B-schools out there. USA, UK and Canada have few of the best B-schools with excellent teaching faculty, optimum placement records and notable performances. When these schools start their admission procedure, they consider your GMAT score as a preliminary record for your eligibility. Your GMAT score is one primary admission record that is scrutinized before moving on to other details. Hence, the GMAT schools are genuinely interested in evaluating your performance by your GMAT score and then grant you the offer for personal interviews and group discussions. Some of the famous GMAT schools in USA are the Ivy League B-schools like the Harvard business school, Wharton, Sloan, MIT, University of Chicago and Hass School of Business. The Ivey League B-schools in Canada includes McGill Faculty of Management, Sauder School of Business, University of British Columbia and Schulich School of Business.
How would you send your GMAT score?
Before taking the GMAT exam, you may specify up to 5 B-schools where you wish to send your GMAT score. This needs no additional cost, as this service is included in your registration fee. The recipients will get your GMAT score within 20 days of your exam. You need to shell out $28 for an additional recipient. You can place an order for this additional score card both through phone, email or fax. The GMAT schools will receive your scorecard within seven calendar days.
How GMAT schools utilize your score?
The Graduate Management Admission Council or the GMAC has provided specific parameters for the use of your GMAT score by the GMAT schools. Your GMAT score alone does not qualify your admission. Other criteria like your undergraduate record, details of your application, result of your interview and recommendation play a substantial role in the process of your admission. However, the GMAT schools use your score in ways determined by their own guidelines. They might just follow the 1954 scales while considering your GMAT performance or they might look at the aggregate of test-takers since the last three years. Finally, they might as well relate your GMAT score with others who have applied for their MBA program. Nevertheless, for a detailed admission procedure of the school you wish to apply for, it is recommended that you make a direct contact. Their helpdesk executives will be happy to answer all your queries.
How does your percentile ranking affect the B-schools admission?
Your percentile is a record of the percentage of test takers who had a lower score than you over a span of last three years. Based upon this ranking, the GMAT schools determine how well your skills are than the other test takers in the last three years. This means that though your GMAT score is valid for five years, your percentile ranking will vary each year as the new pool of candidates streams in for admission. The higher your percentile, the more chance you have to get through a GMAT school. So if you score 720 in your GMAT, you will fall under the 92nd percentile. This means, that the GMAT schools know that you possess a score and efficiency better than or equal to 92% of all test-takers in the last three years. Hence, your percentile ranking definitely matters a lot when it comes to your MBA admission in the GMAT schools.
A final word:
The percentile ranking is one important factor when it comes to your admission in the GMAT schools. Moreover, your performances in the interview sessions and group discussions also benefit the admission. Even though you will apply for 5 colleges minimum, it is recommended you apply for few more. Get well acquainted with the admission procedure of the colleges before applying.
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