Answer is 'NO'. Universities look for an impressive overall personality, formed by the amalgam of one's academics, work experience and extra curricular activities. You need to convince the admission committee that you are in the right shape to make optimum use of their MBA curriculum and go on to be a good alumnus.
In your application essays, there should be a clear link between things you have done in life, things that you intend to do and how would an MBA help you at this point in time, from this particular institute. Once this link is ready, it becomes very easy to write application essays and face the interviews.
Just as a high GMAT score does not guarantee you a place, a low GMAT score does not defy you a place. Other important factors like your application essays, letter of recommendations, university grades, quality and length of work experience, extra-curricular ventures etc also play a vital role in selection.
Remember, end of the day, you need to be liked by the admission committee. If so, you will be through!!
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