Whether worthwhile or not, one of the first things to do when embarking on a long, competitive application process is to assess the field. Based purely on a historical and statistical perspective, what is my GMAT score expected to be?
Below is a chart showing the Average GMAT Score by Undergraduate Major. Finance was my undergraduate concentration and is a subset of the business category indicated on the chart.
Therefore, based on major alone, I’m predicted to score at the 50th percentile among my fellow Finance majors. To get into a top school, I realistically need to score in the 90th percentile and get a 700 on the test.
One thing I think is lame is how business majors stack up against those who majored in humanities. Seriously? Did the average business major score 23 points less than someone in humanities? I feel wholeheartedly ashamed from my undergraduate b-school brethren. Maybe I should have majored in Engineering if I intended to get my Masters in Business all along.
All data was taken off of the 2009 report from GMAT Stats.