Anecdote time-
Once upon a time, there was a bright white, non URM who with great academics and a pretty solid career background. We'll call him "tom-es" Tom-es studied his butt off and took the GMAT, scored a 720, which was 97th %tile at the time (paper test). He then applied to a top 20-ish school. After getting rejected, and asking for feedback, Tom-es was told by a very candid admissions officer that in my ahem/tom-es' demographic, a 740 was the standard. He was also told that no one will ever admit this officially, but it is an affirmative action thing, and is no different at any of the top 25 programs.
I'm sorry, Stacey, but you're wrong on this one (just my humble and often wrong opinion :). Yes, this is just my opinion, but to think that there isn't a real affect from affirmative action that discriminates against certain segments of the population is to not see what is really happening. For every person a school admits with a GMAT under the median score, they MUST be forced to admit someone at the EXACT magnitude OVER the median to maintain the target median. If the median is a 710 and someone is admitted with a 660, then someone else must be admitted with a 740. A 710 just won't cut it. The mathematical proof is in the fact that the median GMAT is higher than the average. This tells me that a school (Duke, for example) must admit more people with a higher score to compensate for AA.
http://mba.gmatcat.com/fuqua.htmlThe "myth" of a 700 being the magical threshold just doesn't coalesce with the fact that some people are admitted with significantly lower scores. Do you think it is pure chance that even though, say, an MIT type MBA program avers that a 700 to a 750 doesn't matter, yet their average in the past 10 years has never dipped below a 700. Same for other top schools. Imagine the precieved drop in quality (thus brand equity) if Stanford wasn't conscious of their average GMAT and it slipped to a 690 next year? These schools are sensitive to brand equity and the brands of their competition, don't think for a minute that their average or median GMAT doesn't count. The 700 "myth" is more of an aggregate truth doesn't apply to individual applicants. On the other side of the equation, I can't see a 760 not enhancing ANY application over a 700. Enhancing enough to clear the admissions hurdle is a different subject, but enhancing nontheless, I can't accept that it wouldn't make a difference. In order to score a 760, one needs to be extremely bright, extremely devoted or a combination of both. Bluntly, a dumb person will never score a 760, no matter how much effort they put in. the same way I will never be in the NFL, even if I dedicated the last 25 of my 38 years trying to get there.
For you Asians out there reading this, you will be held to an even higher standard, per the GMAT than the URM-males as a top 25 MBA applicant.
Right or wrong, that's just how it works.