I know there is lot of debate in this forum on retaking if you have 700+ score. But we need to decide for ourselves, based on strengths and weaknesses. I will try to convince you why I should:
1-GMAT requirements for a PhD are relatively stringent, vis-a-vis an MBA.
2-My target schools are extremely competitive. e.g. one of the schools (T10) had 330 applications for strategy (my area), interviewed 20 and gave 3 offfers. I have allready mentioned their feedback in the earlier post.
3- The PhD admission committee expects strong quant ability. As I dont have a economics/maths undergrad, GMAT is my only chance to showcase that.
4- There is an imbalance in my score (95 v/s 72).
5- I gave my 1st GMAT 6 years after undergrad and studied in a one week leave. Bad planning. So I do think that my quant score is not representative of my ability.
6- Finally, I am working full time and can afford $250 fee
. Rest of the inputs (time and concentration) are entirely mine to give.
Yes, I do agree that there might be a bit of luck in scoring. But it's worth it anyway. What other choice do I have, as per the feedback.
Hope I have touched upon many of the issues relevant to quite a few of us.