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720 - Retake to better my chances considering the average is 730?

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Worth it to retake the GMAT to increase the score from 720 to 760+ ?

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Total votes : 7
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720 - Retake to better my chances considering the average is 730? [#permalink] New post   04 Feb 2016, 13:54
Hi everyone,

I am a college senior who took the GMAT last year and had to work overtime until 3am in the morning on the day of the GMAT test. My Quant and Verbal sections are pretty balanced, but the IR was not as high as I expected.

I am planning to apply to MBA 2-3 years down the road after my promotion. I will also be working towards my CFA soon.

As you can imagine CFA + GMAT is going to be a lot of studying and might significantly affect my social life. Just wondering what's your take on 720 versus 760+ (which I don't think I will have trouble getting).

While 760+ does not guarantee a spot at H/S/W, does it seem much more impressive, help with MBA recruiting, increase chances of acceptance, etc.?

Also, what is MBA scholarships/fellowships based on? GMAT, GPA, work exp? Will a higher GMAT help with landing a scholarship as well?


For those of you with questions on GPA, I have a good GPA, but not top 1% . Also, let's assume that the GPA is set in stone now since I am at my final year of UG.


Thank you all for your inputs,
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Re: 720 - Retake to better my chances considering the average is 730? [#permalink] New post   05 Feb 2016, 03:43
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id1592 wrote:
Hi everyone,

I am a college senior who took the GMAT last year and had to work overtime until 3am in the morning on the day of the GMAT test. My Quant and Verbal sections are pretty balanced, but the IR was not as high as I expected.

I am planning to apply to MBA 2-3 years down the road after my promotion. I will also be working towards my CFA soon.

As you can imagine CFA + GMAT is going to be a lot of studying and might significantly affect my social life. Just wondering what's your take on 720 versus 760+ (which I don't think I will have trouble getting).

While 760+ does not guarantee a spot at H/S/W, does it seem much more impressive, help with MBA recruiting, increase chances of acceptance, etc.?

Also, what is MBA scholarships/fellowships based on? GMAT, GPA, work exp? Will a higher GMAT help with landing a scholarship as well?


For those of you with questions on GPA, I have a good GPA, but not top 1% . Also, let's assume that the GPA is set in stone now since I am at my final year of UG.


Thank you all for your inputs,


Well dude, the short of it is that if you know believe you can do better after some more study and under other conditions, it's definitely worth a try. You can STILL get into H/s/w with a 720 (depending on all the rest of course!) but if you can get higher, it will never hurt.
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Re: 720 - Retake to better my chances considering the average is 730? [#permalink] New post   05 Feb 2016, 06:49
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id1592 wrote:
Hi everyone,

I am a college senior who took the GMAT last year and had to work overtime until 3am in the morning on the day of the GMAT test. My Quant and Verbal sections are pretty balanced, but the IR was not as high as I expected.

I am planning to apply to MBA 2-3 years down the road after my promotion. I will also be working towards my CFA soon.

As you can imagine CFA + GMAT is going to be a lot of studying and might significantly affect my social life. Just wondering what's your take on 720 versus 760+ (which I don't think I will have trouble getting).

While 760+ does not guarantee a spot at H/S/W, does it seem much more impressive, help with MBA recruiting, increase chances of acceptance, etc.?

Also, what is MBA scholarships/fellowships based on? GMAT, GPA, work exp? Will a higher GMAT help with landing a scholarship as well?


For those of you with questions on GPA, I have a good GPA, but not top 1% . Also, let's assume that the GPA is set in stone now since I am at my final year of UG.


Thank you all for your inputs,


You shouldn't worry about the IR, but since you are so early in your career and are targeting the top schools, it is a good idea to retake it. I work with applicants every year with 720 and below (even in the 600s) for HBS, but usually they have other things that help them stand out. With your targeted industry, you want to try to improve the score. Good luck!

Best,
Scott
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Re: 720 - Retake to better my chances considering the average is 730? [#permalink] New post   05 Feb 2016, 12:18
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Hey a 720 is a strong score but if you are confident you can hit a 760 then go for it. It will only help your candidacy at some really tough programs. This score will also probably help you with regards to consideration for scholarships. Your young and have the time so I would retake.
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Re: 720 - Retake to better my chances considering the average is 730? [#permalink]
05 Feb 2016, 12:18

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