Then Governor Bush reached Saturday Night Live immortality with his quip that "Al Gore uses fuzzy math" to describe economics and the "lockbox" during the 2000 election campaign.
I'm currently in the process of evaluating business schools for next year. Last year, I made the mistake of picking the best schools in the world, and not having any real reason why I wanted to go there (other than the ability to say that yes...I did go to Harvard).
So this year, I'm building a handy little spreadsheet with all the top US and International Business Schools, with their relevant profiles. Some data includes:
- Median Entrance Age
- Median Months of Experience
- Median Base Salary upon graduation
basically...lots of median data.....and finally, when exploring the world renowned IESE Business School in Barcelona, I discovered that they in fact had a median GMAT that is impossible to achieve.
According to their business week profile (here), their median GMAT is a mind-boggling 673.
According to wikipedia, "The median of a finite list of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one." Basically, its the midpoint.
The GMAT is a test that in which the test taker can only achieve scores that end in 0. 650, 780, 720 are all achievable scores. 658, 712, and 534 are not.
which begs the question....how does the IESE calculate medians????
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