4 September 2024
7 minutes read
Is 730 a Good GMAT Score?
![](https://ambitio.club/blog/wp-content/uploads/2024/07/gmat-score-of-730-2.jpg)
Key Takeaways
- A GMAT score of 730 is excellent, placing you in the 96th percentile, making you competitive for top-tier business schools.
- A 730 score can significantly enhance your eligibility for merit-based scholarships, reducing the financial burden of an MBA.
- While the GMAT is critical, remember that schools consider your overall profile, including experience, academics, and essays.
When it comes to applying for an MBA, one of the most significant aspects of your application is your GMAT score. For many top-tier business schools, a score of 730 is often seen as a benchmark of excellence. But is 730 a good GMAT score? In this blog, we’ll delve into what a 730 GMAT score means, how it measures up against top business schools’ requirements, and how it can impact your application.
Worried about the cost of Studying Abroad?
Sign up to access 25 game-changing scholarships that could cover your costs.
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/scholarshipFinder.png)
Why is GMAT important for Business School Admissions?
GMAT plays a vital role in business school admissions by providing a standardized, predictive, and competitive assessment of candidates’ abilities, aiding both applicants and schools in making informed decisions. Understand the importance of GMAT before applying for it.
Standardized Assessment
The GMAT is a standardized test designed by the Graduate Management Admission Council (GMAC) to evaluate a candidate’s readiness for business school. It provides a common measure for comparing the qualifications of applicants, ensuring fairness in the admissions process.
Predictive Validity
Research shows that GMAT scores are a reliable predictor of academic performance in MBA programs. For instance, a GMAT score of 700 indicates strong analytical and quantitative skills, essential for succeeding in rigorous MBA courses.
Competitive Edge
A great GMAT score enhances your application, especially for top-tier schools. For example, a GMAT score of 730 aligns well with the median GMAT scores of admitted students at many prestigious business schools, giving you a higher chance of admission. Aim for a score of 710 or higher to stand out.
Holistic Evaluation
While GMAT scores are crucial, admissions committees (adcoms) consider them alongside other factors such as professional experience, academic history, and personal essays. A balanced profile with a high GMAT score can significantly bolster your application.
Scholarships and Financial Aid
Many business schools offer merit-based scholarships, and a high GMAT score can improve your eligibility. For example, scoring in the 99th percentile may qualify you for significant financial support, reducing the overall cost of your MBA. A score of 700 or higher is often considered a good benchmark.
Stuck on How to Pick Your Ideal College?
Sign up to access your tailored shortlist and simplify finding your ideal college.
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/shortlistBuilder.png)
What is the average GMAT score for Top MBA Schools?
Here is a table showcasing the average GMAT scores required for admission to some of the top MBA programs around the world:
MBA School | Average GMAT Score |
---|---|
Stanford Graduate School of Business | 733 |
Harvard Business School | 730 |
University of Chicago Booth | 724 |
University of Pennsylvania Wharton | 732 |
MIT Sloan School of Management | 727 |
North-western Kellogg School of Management | 727 |
Columbia Business School | 726 |
UC Berkeley Haas School of Business | 727 |
INSEAD | 710 |
London Business School | 708 |
New York University Stern | 720 |
University of Michigan Ross | 720 |
Yale School of Management | 720 |
Dartmouth Tuck School of Business | 720 |
Duke Fuqua School of Business | 710 |
University of Virginia Darden | 715 |
UCLA Anderson School of Management | 714 |
IE Business School | 680 |
University of Cambridge Judge | 690 |
University of Oxford Saïd Business School | 690 |
It’s essential to aim for a score around these averages to increase your chances of admission, though other factors such as work experience, academic performance, and personal essays are also crucial components of a successful application.
Percentile Ranking
Here is a table that shows top GMAT scores and their corresponding percentile rankings:
GMAT Score | Percentile Ranking |
---|---|
800 | 99th percentile |
790 | 99th percentile |
780 | 99th percentile |
770 | 99th percentile |
760 | 99th percentile |
750 | 98th percentile |
740 | 97th percentile |
730 | 96th percentile |
720 | 94th percentile |
710 | 91st percentile |
700 | 88th percentile |
690 | 85th percentile |
680 | 82nd percentile |
670 | 80th percentile |
660 | 77th percentile |
650 | 73rd percentile |
640 | 68th percentile |
630 | 66th percentile |
620 | 62nd percentile |
610 | 58th percentile |
600 | 55th percentile |
These percentile rankings help to understand how a particular GMAT score compares with other test takers and can give a sense of the competitiveness of the score.
See how Successful Applications Look Like!
Access 350K+ profiles of students who got in. See what you can improve in your own application!
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/admitFinder.png)
Top MBA Programs for a 730 GMAT score
![Is 730 a Good GMAT Score? 1 gmat score of 730 1](https://ambitio.club/blog/wp-content/uploads/2024/07/gmat-score-of-730-1-1024x536.jpg)
The table below highlights that a GMAT score of 730 makes you a competitive candidate for a wide range of top MBA programs and specializations around the world. While these programs offer a variety of specializations, it’s essential to choose one that aligns with your career goals and interests.
University | MBA Specializations Offered |
---|---|
Stanford Graduate School of Business | General Management, Entrepreneurship, Finance, Marketing, Social Innovation |
Harvard Business School | General Management, Entrepreneurship, Finance, Healthcare, Technology and Operations Management |
University of Chicago Booth | Finance, Marketing, Entrepreneurship, Strategy, General Management, International Business |
University of Pennsylvania Wharton | Finance, Marketing, Entrepreneurship, Strategic Management, Healthcare Management, Operations and Information Management |
MIT Sloan School of Management | Finance, Entrepreneurship, Strategy, Operations Management, Technology, Marketing |
North-western Kellogg School of Management | Marketing, Finance, Strategy, Operations, Healthcare Management, International Business |
Columbia Business School | Finance, Entrepreneurship, Marketing, Healthcare Management, Real Estate, Media and Technology |
UC Berkeley Haas School of Business | Finance, Marketing, Entrepreneurship, Strategy and Consulting, Sustainable Business, Technology Management |
New York University Stern | Finance, Marketing, Technology, Entertainment, Strategy, Entrepreneurship |
Dartmouth Tuck School of Business | General Management, Strategy, Marketing, Healthcare, Consulting, Finance |
Yale School of Management | Finance, Strategy, Entrepreneurship, Healthcare, Nonprofit Management, Sustainability |
University of Virginia Darden | General Management, Strategy, Entrepreneurship, Marketing, Finance, Consulting |
UCLA Anderson School of Management | Finance, Marketing, Technology Leadership, Entertainment Management, Entrepreneurship, Healthcare Management |
University of Michigan Ross | Strategy, Finance, Marketing, Entrepreneurship, Supply Chain Management, Healthcare Management |
Duke Fuqua School of Business | Finance, Marketing, Strategy, Healthcare Management, Entrepreneurship, Social Entrepreneurship |
INSEAD | General Management, Entrepreneurship, Strategy, International Business, Finance, Marketing |
London Business School | Finance, Strategy, Entrepreneurship, Marketing, International Business, Technology Management |
University of Cambridge Judge | Finance, Marketing, Strategy, Entrepreneurship, Social Innovation |
University of Oxford Saïd | Finance, Marketing, Strategy, Entrepreneurship, Social Innovation, Technology and Operations |
MBA Admissions
While a 730 GMAT score is impressive, it’s important to remember that business schools employ a holistic admissions process. This means that your GMAT score is just one component of your application. Admissions committees also consider your professional experience, academic background, essays, recommendations, and extracurricular activities.
For instance, if you have significant leadership experience, unique professional achievements, or a compelling personal story, these can all strengthen your application. Conversely, if your GMAT score is 730 but other aspects of your application are weak, it might not be enough to secure admission to a top program.
Strengthening Your Application Beyond GMAT
To maximize your chances of admission with a 730 GMAT score, focus on enhancing other parts of your application:
- Professional Experience: Highlight significant achievements, leadership roles, and career progression. Business schools value applicants who have demonstrated impact and growth in their careers.
- Academic Record: Ensure your transcripts reflect strong academic performance, particularly in quantitative subjects. If your undergraduate GPA is lower, consider taking additional coursework to demonstrate your academic capabilities.
- Essays: Write compelling essays that showcase your personality, goals, and fit with the school. Use this opportunity to tell your story and explain why you are pursuing an MBA.
- Letters of Recommendation: Obtain strong recommendations from supervisors or colleagues who can speak to your professional abilities and leadership potential.
- Extracurricular Activities: Highlight involvement in community service, professional organizations, or other activities that demonstrate your well-roundedness and commitment to personal growth.
![Is 730 a Good GMAT Score? 2 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/pro-illustration.png)
![Is 730 a Good GMAT Score? 2 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/pro-illustration.png)
Start Your University Applications with Ambitio Pro!
Get Ambitio Pro!
Begin your journey to top universities with Ambitio Pro. Our premium platform offers you tools and support needed to craft standout applications.
Unlock Advanced Features for a More Comprehensive Application Experience!
![Is 730 a Good GMAT Score? 3 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
![Is 730 a Good GMAT Score? 3 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
![Is 730 a Good GMAT Score? 3 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
Start your Journey today
![Is 730 a Good GMAT Score? 3 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
![Is 730 a Good GMAT Score? 3 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
![Is 730 a Good GMAT Score? 3 get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
Start your Journey today
Should you consider a retake if your GMAT score is 730?
If your GMAT score is 730, you likely have a good GMAT score that puts you in a strong position for MBA admissions at top business schools. The average GMAT score for many top MBA programs, such as Harvard Business School and Wharton, hovers around 720. A 730 score places you in a high percentile among test takers, making it competitive for schools like Columbia Business School and Berkeley Haas.
![Is 730 a Good GMAT Score? 5 gmat score of 730 1 1](https://ambitio.club/blog/wp-content/uploads/2024/07/gmat-score-of-730-1-1-1024x536.jpg)
![Is 730 a Good GMAT Score? 5 gmat score of 730 1 1](https://ambitio.club/blog/wp-content/uploads/2024/07/gmat-score-of-730-1-1-1024x536.jpg)
Retaking the GMAT may not significantly improve your chances unless you have a specific goal of raising your score by 20 points for scholarship opportunities or to offset other weaker parts of your MBA application. Focus on strengthening other components of your application, such as your essays and professional achievements.
Stuck on How to Pick Your Ideal College?
Sign up to access your tailored shortlist and simplify finding your ideal college.
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/shortlistBuilder.png)
How a 730 GMAT Score Impacts Scholarships?
A GMAT score of 730 significantly boosts your eligibility for merit-based scholarships at top business schools. This high score places you in the 96th percentile among test takers, showcasing your strong analytical and quantitative abilities.
A 730 GMAT score often aligns with the median scores of these prestigious institutions, making you a competitive candidate for substantial financial aid. Scholarships can greatly reduce the overall cost of an MBA, making it more accessible for high-achieving students.
Scholarships for a 730 GMAT Score
University | Scholarship Name | Reward Amount |
---|---|---|
Harvard Business School | HBS Fellowship | Up to $40,000 per year |
Wharton School | Joseph Wharton Fellowship | Up to full tuition |
Columbia Business School | Merit-Based Fellowships | Up to full tuition |
UC Berkeley Haas School of Business | Haas Merit Scholarship | Varies, up to full tuition |
Stanford Graduate School of Business | Knight-Hennessy Scholars | Full tuition and stipend |
MIT Sloan School of Management | Sloan Leadership Fellowship | Varies, substantial amount |
A 730 GMAT score makes you a strong contender for these and other merit-based scholarships, helping to ease the financial burden of pursuing an MBA at a top business school.
How to score a 730 in the GMAT?
A GMAT score of 730 is a great score that can open doors to many business schools and increase your chances of a successful MBA admission. By following these steps, you can aim for a high GMAT score and potentially secure merit-based scholarships for the 2024-2025 admissions cycle.
Set a Target Score
To score 730 in the GMAT, start by identifying the GMAT score of your target business schools. Research the average GMAT scores for your target schools, such as Harvard Business School, Wharton, and Berkeley Haas. Aiming for a score of 700 or higher will set you on the path to a high score.
Develop a GMAT Study Plan
Create a structured GMAT study plan. Utilize the GMAT Focus Edition and take advantage of practice tests to identify your strengths and weaknesses. Consistent practice is crucial for achieving a high GMAT score.
Practice and Review
Use practice exams to simulate test conditions and aim for a score of 730. Review each section, including the verbal section and quantitative section, to ensure a balanced performance. Understanding the GMAT scoring system and concordance table can help you aim for the highest score possible.
Seek Expert Guidance
Consider a free trial of a GMAT preparation course or consult an admit expert for tailored advice. Knowing the median GMAT scores of admitted students at top schools helps you set a realistic target.
Stay Motivated
Maintain a balanced study schedule and stay motivated. A score of 730 can boost your chances in many business schools’ admissions processes and improve your MBA ranking prospects.
Conclusion
A GMAT score of 730 is a good score that significantly enhances your MBA application, opening doors to many MBA programs. If you’re interested in applying to top business schools, focus on studying for the GMAT and aim for a high test score to secure your place in the incoming class and increase scholarship opportunities.
Unlock higher GMAT scores with Ambitio as your key to success. Our expertly crafted materials and data-driven insights focus on boosting your performance, ensuring you can tackle the exam’s challenges with confidence and achieve a competitive edge.
FAQs
How should I prepare to achieve a 730 GMAT score?
To achieve a 730 GMAT score, create a structured study plan, use quality study materials, take practice tests, and focus on improving your weaknesses. Consider seeking expert guidance or joining a GMAT prep course.
Can a 730 GMAT score compensate for a low GPA?
A 730 GMAT score can help offset a lower GPA, but you should also highlight other strengths in your application, such as professional achievements and leadership roles.
How important is a 730 GMAT score for MBA admissions?
While a 730 GMAT score is crucial, MBA admissions also heavily weigh your work experience, academic background, essays, and recommendations.
What scholarships can I qualify for with a 730 GMAT score?
A 730 GMAT score can make you eligible for substantial merit-based scholarships at top business schools, such as the HBS Fellowship or Knight-Hennessy Scholars at Stanford.
How does a 730 GMAT score compare to other test takers?
A 730 GMAT score places you in the 96th percentile, meaning you scored higher than 96% of test takers.
Can I get into Harvard Business School with a 730 GMAT score?
Yes, a 730 GMAT score is within the average range for Harvard Business School, but admissions also consider your overall profile.
Table of Contents
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/almostThere.png)
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/almostThere.png)
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/almostThere.png)
Almost there!
Just enter your OTP, and your planner will be on its way!
Code sent on
Resend OTP (30s)
![whatsapp](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/whatsapp.png)
![whatsapp](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/whatsapp.png)
Your Handbook Is Waiting on WhatsApp!
Please have a look, and always feel free to reach out for any detailed guidance
or
![whatsapp](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/download.png)
![whatsapp](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/download.png)
Click here to download
Meanwhile check out your dashboard to access various tools to help you in your study abroad journey
![get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/detail-get-pro.png)
![get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/detail-get-pro.png)
Get Ambitio Pro!
Unlock Advanced Features for a More Comprehensive Application Experience!
![get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
![get-pro](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/white-diamond.png)
Start your Journey today
Find your Dream school now⭐️
![logo](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/ambitio-logo.png)
![logo](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/ambitio-logo.png)
![logo](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/ambitio-logo.png)
![close](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/close.png)
![close](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/close.png)
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/almostThere.png)
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/almostThere.png)
![illustration](https://ambitio.club/blog/wp-content/themes/astra-child/assets/images/almostThere.png)
Almost there!
Just enter your OTP, and your planner will be on its way!
Code sent on
Resend OTP (30s)