According to GMAC, the owners of
the GMAT exam, a high score of 700 by an Indian or a Chinese candidate carries
a percentile value in the range of 83-85. That means that even if an Indian or
a Chinese candidate (two of the biggest candidate bodies for the GMAT exam)
gets a score of 700, he/she is lagging behind 15% of the other candidates from
his/her region.
While on the other side of the
pond, a candidate from USA with a score of 660 has a percentile value in the
range of 83-85. In other words, a US passport holder’s GMAT score of 660 is
comparable to an Indian’s GMAT score of 700.
Clearly, the Indians are at a
major disadvantage when compared to the Americans. To get the same National
Rank (read percentile score), the Indians need a higher GMAT score than the
Americans.
In addition to this, the number
of applicants from India is also very large, and creates strenuous competition.
This often forces the Admissions Committees at top B-Schools to use the GMAT
score to differentiate between 2 similar Indian profiles. So, the candidate
with a higher GMAT score would sail through, while the other would be dinged.
Most of the candidates only look
at the Mean GMAT score of their target B-School, and aim to achieve that
particular score. However, for Indians the Target GMAT score should be at least
20 points higher than the Mean GMAT score.
The target GMAT scores for Indian
candidates to some of the prominent B-Schools is as below:
Business
Schools
|
Mean GMAT Score
|
Target
GMAT score for Indians
|
Harvard, Stanford, Wharton
|
728
|
750+
|
Chicago-Booth, MIT-Sloan, Kellogg, Berkley,
Columbia, Tuck
|
716
|
740+
|
INSEAD, LBS, Duke, Darden, Ross, Oxford
|
700
|
720+
|
IE, Kenan-Flagler, Tepper, Emory, Kelly-Indiana,
McCombs, HEC-Paris
|
686
|
700+
|
ESADE, NUS, Rotman, Queen’s, HKUST
|
667
|
690+
|
Another reason, why Indians
should aim for a higher than average GMAT score, is because a higher GMAT score
often means a higher probability of getting a scholarship and/or other forms of
financial aid from the school. For
B-Schools, a high Mean GMAT Score is a matter of prestige and reputation in the
market. That is why certain B-Schools often sweeten the deal for suitable
candidates, who can help them increase the school’s Mean GMAT score.
More interesting posts about
Indians’ GMAT score requirements to follow soon, keep in touch!