Are GMAT scores based on percentiles? Meaning, will there be the same percentage of 730s every year? Or is the final number calculated off an absolute score?

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It's based on percentiles of the rolling 3 years of test-takers, and is updated on July 1st every year.

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No it is not. Scores are nominal , percentiles change ever year. I think 15 years ago a 45q score was 80th percentile and this year it is 48th or something like that

Technically, a 730 five years ago was more impressive/unique than a 730 today (still good score though)

But schools know this and so they use actual scores to compare applicants

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