GMAT Average Score

Business-school applicants beleive that the GMAT score of 700 is sufficient to be successfull in winning a seat in a top business school. The GMAT score of 700 seems to have taken on a "magical" life of its own among business-school applicants.

Top Business Schools and GMAT average score

Business school (state) Incoming fall 2010 full-time enrollment Average GMAT score U.S. News b-school rank
Stanford University (CA) 389 728 1
Harvard University (MA) 903 724 2
Yale University (CT) 231 722 10
Massachusetts Institute of Technology (Sloan) 401 718 3
University of California—Berkeley (Haas) 243 718 7
University of Pennsylvania (Wharton) 817 718 3
Dartmouth College (Tuck) (NH) 280 716 7
New York University (Stern) 314 715 10
University of Chicago (Booth) 579 715 5
Northwestern University (Kellogg) (IL) 647 714 5

According to the GMAT official website, more than 4,800 graduate management (MBA) programs around the world use the GMAT as part of their admissions selection process. Even business schools such as the University of Pennsylvania's Wharton School, which claim that they don't have a minimum GMAT requirement, temper their words carefully. "GMAT scores have proven to be a useful predictor of success in the quantitative courses that are an important foundation for the MBA program," according to the Wharton site.