Applying to business school is never an easy process, especially when juggling your personal and professional life. You don’t want to take the GMAT more times than necessary, but you definitely want the highest possible chance to get into your target business schools.
Whether you should re-take the GMAT depends not only on the question of whether you already have a good GMAT score, but also on the question of how much effort it would take you to raise it.
If you have a great score, 770 or better, and you’ve already spent a lot of time on your GMAT study, you may be ready to move on. Everyone else should consider the merits of a retake, even if they’ve already achieved a good score. At many MBA programs, average GMAT scores are increasing (for example, see Poets&Quants article Average GMAT Scores Jump 11 Points For Wharton’s Fall Cohort), and raising your score can benefit you.
Watch our video to understand why you owe it to yourself to truly maximize your GMAT score:
Rules of thumb such as “Anything over 730 or 740 is the same” are categorically false, which we’ll explain later when discussing how GMAT scores feed into MBA rankings.
Your target score depends on where you’re applying and on your profile (which determines who you’ll be compared against).
The starting point here is to research the average GMAT scores for your target schools (provided in the appendix at bottom) and use this as a baseline. A lower score may suffice if you have distinctive experiences or come from an under-represented group, but you may need to have an even higher score if you come from an over-represented group. Be honest about whether your experiences are truly distinctive; top MBA programs attract many accomplished applicants.
This average GMAT score, adjusted for your profile, can give you a guideline for the score that will make you competitive. You should also consider:
There are several reasons why MBA admissions officers care about your GMAT score.
Business schools look at your GMAT score to ensure that you can keep up with their academic program. Here, your score is used to evaluate whether you have the necessary quantitative, verbal, and critical thinking skills to complete the coursework, which includes subjects like finance, economics, and strategy. The #1 job of an admissions team is to recruit students who can succeed in the program!
Business schools care about rankings because… applicants care about rankings! When a school’s ranking improves, it will attract a larger and better-qualified pool of applicants. Enrolling a stronger group of students enhances the classroom experience and leads to better employment outcomes, both of which tend to further strengthen the school’s reputation and ranking. Naturally, business schools love this.
Until the 2023-2024 U.S. News MBA ranking, the GMAT was a direct factor in a program’s position on the list. That is, the average GMAT score of the incoming class was a major rating factor and one that the school could directly influence with its decisions.
However, in the 2023-2024 ranking, median GMAT/GRE scores replaced mean GMAT/GRE for the first time. U.S. News wrote that this change was intended to “limit the rankings impact of outlier scores, including low scores from otherwise promising applicants.”
Though it is too soon to tell how MBA programs will react to this change, the use of median test scores may impact admissions decisions in subtle ways. Namely, extremely high scores may become less valuable, and extremely low scores may present less of a handicap. David White, Founding Partner of Menlo Coaching, explained the logic in a recent note.
Imagine two artificially simplified classes an MBA program could recruit:
Group A: 650, 700, 730, 730, 740
Group B: 650, 700, 730, 750, 780
The median for both groups is 730, but the means would be 710 and 722 respectively. Under the old U.S. News ranking system, Group B’s higher scores would be more likely to sway the admissions committee, as the 750 and 780 would bring up the school’s rating in the test score section. But under the new system, there is no inherent reason to choose Group B over Group A.
Of course, there are other reasons that AdComs might still prefer high GMAT scores—for more on this topic and an in-depth discussion of the U.S. News MBA ranking methodology, visit our page, “Should You Trust the U.S. News MBA Rankings 2024?“
In many cases, your GMAT score is important in terms of potential employment opportunities. Many employers in finance and consulting (such as Bain, McKinsey, and BCG) use the GMAT as a factor when deciding which students to interview. Having a high score can position you as a strong candidate and give you a competitive edge.
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There are several clear indicators that you have extra points in the tank that could be unlocked with the right GMAT study plan and knowing how to best prepare for the exam.
Because the official practice exams include questions that have been used on past live exams, official practice exams are an accurate diagnostic tool for assessing your progress. (Read more about why you should trust only the official practice tests: Beware of Free GMAT Practice Tests). If you were overwhelmed on the day of the live GMAT and didn’t perform nearly as well as on your practice exam, you should consider retaking the exam.
For the reasons described on our GMAT tutoring service page, you should strongly consider using a tutor if you’ve relied only on self study or group classes until now. Tutors can help you to reach a higher score, and to do so faster than you could on your own. For example, the GMAT tutoring page features a video from our tutoring client Skylar describing how after 250 hours of study using materials from Kaplan, he achieved a +80 point improvement in only 10 hours of tutoring (plus homework!) with Menlo Coaching.
At Menlo Coaching, our GMAT prep program is designed around efficiency: we help you get you the maximum test results possible, in the least amount of time.
If you spent only a small amount of time studying for the GMAT, and got a high score anyway, you could score even higher with a small amount of additional study. We’ve seen talented applicants raise their scores from 750 → 770, or even 770 → 790, with modest investments in further study. It is not crazy to retake a 760 or a 770 if there are reasons to believe you could improve it without much effort.
As explained in the section about MBA rankings, the question is not “Is my score good enough?”, but “What’s the marginal effort to raise my score, and is it worthwhile?”
Graduated summa cum laude? Incredible score on the SAT or the ACT? If so, you should be able to score well on the GMAT. If your GMAT doesn’t measure up to your other academic achievements, it’s a sign that you should probably study more and retake.
Good question. We discuss this fully at GMAT Score Chart. Understanding the scoring table can help you to figure out whether to study for the verbal section or the quantitative section.
Yes. In fact, taking the GMAT more than once can show your desire to improve your profile. We once coached an applicant with a low GMAT score who had been waitlisted at a Top 10 program. We advised him to retake immediately, which he did, scoring 20 points lower than his existing score. Shortly after that, the school called to admit him! They told him that they appreciated the effort and saw it as a sign of the effort he’d put into the MBA program.
Taking the GMAT once, getting an OK-but-not-great score, and moving on can signal the opposite. Don’t let the school believe that you shy away from putting effort into self-improvement!
If the best study methods have been used, prep has been consistent, expert help has been enlisted, and no improvement on the GMAT score is being made, then you might consider switching to the GRE. Nevertheless, we will always recommend that you start with the GMAT, since it is tailored to MBA programs.
This is a big mistake that can cause you to waste time chasing a near-perfect Quantitative score when you could have raised your overall 800-point score much faster by focusing on the Verbal. In another article, we talk about GMAT percentiles and why they don’t usually matter. There’s a rarely discussed issue that we explain fully: the percentile curve is broken by test takers from STEM backgrounds who are unlikely to be admitted to MBA programs even with a perfect Q51.
To get an idea of how competitive your GMAT score is, review the average GMAT score of your target school. Many business schools’ admissions websites state the average GMAT of their incoming students, like this one from Harvard Business School.
Class profiles are also a great source of information to discover how you compare to the school’s average GMAT. Not only that it allows you to gain a better understanding of how you might fit into the class in terms of undergraduate major, work experience, and demographics.
Here’s a quick overview of average GMAT scores for some of the top ranking business schools.
| Business Schools | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Stanford | – | 738 | 733 | 734 | 732 | 737 |
| Harvard Business School* | 730 | 730 | 730 | 730 | 730 | 729 |
| The Wharton School | 733 | 733 | 722 | 721 | 717 | 714 |
| Northwestern Kellogg | 729 | 727 | 727 | 730 | 732 | 732 |
| Chicago Booth | – | 732 | 724 | 730 | 731 | 730 |
| Columbia Business School | 729 | 729 | 726 | 727 | 732 | 724 |
| MIT Sloan* | – | 730 | 720 | 727 | 728 | 722 |
| Dartmouth Tuck | 726 | 724 | 720 | 723 | 722 | 722 |
| Berkeley Haas | 729 | 726 | 727 | 725 | 726 | 725 |
| Virginia Darden | 720 | 715 | 703 | 713 | 718 | 713 |
| Yale SOM* | – | 730 | 720 | 721 | 724 | 727 |
| Duke Fuqua** | 720 | 713 | 700 | 705 | 704 | 702 |
| Michigan Ross | 720 | 722 | 710 | 719 | 720 | 716 |
| Texas McCombs | – | 708 | 704 | 704 | 703 | 703 |
| Cornell Johnson* | 710 | 710 | 700 | 697 | 699 | 700 |
| UCLA Anderson | 711 | 714 | 706 | 719 | 719 | 716 |
| NYU Stern | 733 | 729 | 723 | 714 | 712 | 714 |
| Carnegie Mellon Tepper | – | 691 | 680 | 687 | 690 | 691 |
| UNC Kenan-Flagler | 706 | 696 | 694 | 697 | 703 | 701 |
| Emory Goizueta** | 690 | 692 | 690 | 684 | 685 | 682 |
| USC Marshall | 732 | 716 | 707 | 708 | 705 | 703 |
| Georgetown McDonough | 697 | 705 | 691 | 694 | 693 | 692 |
| UW Foster | – | 704 | 692 | 695 | 696 | 693 |
| Rice Jones | – | 705 | 689 | 710 | 706 | 711 |
*Median GMAT
**Estimate
(-)GMAT score not out yet
To hear how we can help you raise your GMAT score, check out our GMAT prep course, our GMAT tutoring, or send us a note directly [email protected].
Many MBA applicants struggle with fitting their GMAT preparation in alongside their application materials and external commitments, like work and family. And this only gets more difficult as deadlines approach.
We’ve compiled a guide to the MBA Application Timeline, outlining what you need to do and when you should do it.
