ARE MBA students getting brighter? A look at GMAT scores, the de facto entrance exam for MBA programmes, would suggest they are. At the turn of the millennium, the average score at an MBA programme ranked in The Economist‘s top ten was 688 out of a possible 800. In 2014 it was 722. But those numbers probably reflect something other than rising intelligence. It is more likely that competition is getting fiercer. Schools often claim not to require a minimum GMAT score from applicants. But the reality is different. Every year a handful of high-calibre students might be admitted with sub-standard scores, but they are exceptional in both senses of the world. There will be some aspect of their working or personal lives that sets them apart. For…

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