brokecfa wrote:A score of 700+ would basically get me into Harvard (assuming the rest of the application is impressive). Now you are saying I can do this by studying for four weeks. It seems like the GMAT is the biggest criteria for MBA admissions.
I am currently in the process of applying, and what I have read in all MBA-prep books is that GMAT is not the biggest criteria for MBA admission. Simply because its just a test measuring lower grade spelling, math, and writing abilities.
What they are most concerned about for admission is that the total picture is correct. You score well enough on your GMAT, have interesting life experience, know how to sell yourself, ability to write an impressive resume, etc. Most importantly: you add something to the class!
Would it be interesting to sit in an MBA course with 80 mutual fund analysts who all scored 750 on their GMAT? I guess it will be a boring, one-sided conversation on each topic. So they want people who have been around the world and are able to see the bigger picture.
And a 700+ would get you into Harvard? I dont think so! A 700+ would not close the door, but it would surely not get you in. Its like saying that passing CFA L3 assures you can will be offered a portfolio manager job.
When i studied for the GMAT I first completed all books, and when I did my first practice test I ended up with a score of 570. Two weeks later I scored 680 on the test itself. So you can improve your GMAT score dramatically by doing a lot of practicing. Just like every test the questions will always be about the same, and when you have all the skills you just need to be quick enough to give the correct answers in time.
In total I studied 100 hours for the GMAT.