MIT is well known for highly intelligent students who are gifted in math. The rumor is that Sloan cares a lot more about your GMAT score than other schools. Do you think that this is true?
In the graph below you can see that Sloan has a slope of .0057. This means that MIT would consider a 800 GMAT with 3.0 GPA roughly similarly to a 700 GMAT with a 3.57 GPA.
Sloan is tied with Tuck (so far) for the lowest reliance on GMAT score. So far in my analysis Columbia cares the most about GMAT score. Sloans GMAT vs. GPA slope is relatively similar to the other schools, so you should still take the GMAT seriously when applying to Sloan, but clearly it is not the singular most important component of the application.
Methodology: The scatterplot represents the 50% of applicants who are accepted with the lowest GMAT and GPA. It isn’t helpful to look at the top 50% of applicants because those are not the marginal candidates who barely got in. I occasionally will remove very low outliers because those candidates may have been admitted due to very strong connections that most applicants don’t have. I never remove more than 5% of the total accepted students as outliers. The slope of the scatterplot demonstrates the point at which the school is indifferent to GMAT vs. GPA.