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I’ve been told that success in MBA programs is actually tied more closely to the IR score than the quant score, but take that with a grain of salt- again, it’s just one piece of the application. I know Wharton in particular definitely looks at IR.
No. Score out of 800 matters way more- that’s what Is used in rankings and is used by the school to measure academic ability. If the IR is terrible that’s not great but not as bad as having a lower overall score.