What is good GMAT Score for MBA? – A GMAT score of 700 or more is generally considered to be good. Your choice of B- schools is critical in deciding what a decent GMAT score is for you. In this post, we’ll tell you what GMAT score you should aim for getting into your selected business school.
A GMAT score of 700 or higher is required for admission to an elite business school in the country. A score of 500–600 is considered typical, and it qualifies you for universities with average rankings.
How can I determine a good GMAT score for MBA?
Students who want to pursue an MBA programme at one of the top B-Schools will need to start with an excellent GMAT score. Many candidates believe that a good GMAT score is the same as an average GMAT score. To put it in simple terms, a good GMAT score is entirely dependent on the business school to which one wishes to apply. Read below to know more about what is a good GMAT score and its importance.
- Nothing less than 700 scales would be expected at the top B-Schools. A improving GMAT score also suggests that the candidates’ increasing aptitude as well as competition among aspirants is increasing year after year.
- Apart from that, one gets the impression that competition among the best B-schools is becoming increasingly intense. While getting a good GMAT score should be your first aim, students should also work on developing a solid professional profile.
- 720+ or 730+ might be a decent grade for a top business school. The average GMAT score for a top business school varies by university, although most of them prefer candidates with a score of 700 or higher.
- A good GMAT score varies from one candidate to the next. A good GMAT score is a target number for many candidates. Candidates may take the GMAT exam 2024 many times in order to achieve their desired score.
Good GMAT Score Range for MBA
|Average GMAT Score||550+|
|Good GMAT score||700+|
|Excellent GMAT score||740+|
How is GMAT Percentile Score calculated?
Getting into a top business school is never simple, but it’s even more difficult for those who have a full-time job. Candidates who are planning to take the GMAT should be aware of GMAT exam pattern 2024 that the exam is graded on a scale of 200 to 800 points. Candidates obtain a total of five scores after taking the GMAT exam:
- Analytical Writing Assessment,
- Integrated Reasoning
- Quantitative Reasoning,
- Verbal Reasoning
The total GMAT score chart 2024 is determined solely by a candidate’s performance on the verbal and quantitative components of the exam. The GMAT total score is unaffected by the Analytical Writing Assessment and Integrated Reasoning scores.
Section-wise GMAT Good Score
GMAT has four sections:
- Quantitative – scored between 0 and 60
- Verbal – Scored between 0 and 60
- Integrated Reasoning – Scored between 0 and 6
- Analytical Writing Assessment – Scored between 1 and 8
You’ll also get a percentile score, which informs you how you performed in comparison to the 1000 other competitors who took the GMAT. The table below will help you figure out what a good GMAT score is based on percentile ranking:
GMAT Scores accepted in B-schools world-wide
In 2024, the top 50 business schools in the United States will have an average GMAT score of 703. It varies between 634 and 734. Similarly, the average GMAT score range for top MBA programmes in Australia is 600-695.
The average score for top European business schools is 676, with scores ranging from 638 to 709, whereas, the average GMAT score range for top MBA programmes in Canada is 520-780. Read more about GMAT Accepting Colleges 2024.
Good Scores for Top B-Schools
|SCHOOL||AVG GMAT SCORE||AVG GPA|
|What is good GMAT score for Harvard University||727||3.70|
|What is good GMAT score for Stanford University||732||3.73|
|What is good GMAT score for University of Pennsylvania (Wharton)||725||3.60|
|What is good GMAT score for University of Chicago (Booth)||723||3.58|
|What is good GMAT score for Massachusetts Institute of Technology (Sloan)||713||3.58|
|What is good GMAT score for Northwestern University (Kellogg)||713||3.54|
|What is good GMAT score for University of California — Berkeley (Haas)||714||3.60|
|What is good GMAT score for Columbia University||716||3.50|
|What is good GMAT score for Dartmouth College (Tuck)||718||3.53|
|What is good GMAT score for New York University (Stern)||721||3.51|
Score required for Top Business Schools
Here is the table that represents the average score for some of the top business schools in the US, India, Canada, and Australia:
|US||GMAT Score (Class of 2023)||Europe||GMAT Score (latest incoming class)||Australia||GMAT Score (latest incoming class)||Canada||GMAT Score|
|The Wharton School||733||INSEAD||710||Melbourne Business School (2019)||695||University of Toronto – Rotman School of Management||678|
|Harvard Business School||730||London Business School||708||Australian Graduate School of Management (AGSM) 2020||670||McGill University – Desautels Faculty of Management||675|
|Stanford Graduate School of Business||738||Cambridge (Judge)||687||Monash Business School||N/A||York University – Schulich School of Business||660|
|Booth School of Business||732||HEC Paris||690||University of Queensland Business School||600||Western University – Ivey Business School||660|
|Kellogg School of Management||727||IESE Business School||681||MGSM Macquarie||680||HEC Montreal||630+|
|MIT Sloan School of Management||730||Oxford (Saïd)||690||University of Sydney||600+||Queen’s Smith School of Business||654|
|Dartmouth Tuck||724||IMD||680||Alberta School of Business||550+|
|Columbia Business School||729||IE Business School||650-770||UBC Sauder School of Business||650+|
|UC Berkeley (Haas)||726||Mannheim||600+||Concordia University – John Molson School of Business||580 +|
|Yale School of Management||730||SDA Bocconi||665||Sobey School of Business||590|
Above Table Source: E-gmat.com
FAQs related to GMAT Good score 2024
Is 550 a good GMAT score?
As explained above, a good GMAT score depends on your choice of B- schools where you wish to apply. To get into the best B-Schools, candidates must score above 700 points to achieve a good GMAT score status. On the other hand, candidates with GMAT scores above 600 are classified as having above-average which is different from having a good GMAT score standing.
How can I achieve a high GMAT score?
Can I apply for the GMAT exam again to improve my score?
Yes, to achieve a good GMAT score, one can appear for GMAT exam 2024 once every 16 calendar days. But the chances are limited to up to five times in a rolling 12-month period, and a total of eight times in a total lifetime of an GMAT aspirant.