740 GMAT (48Q / 44V) - What is the new quant percentile min?

Hello GMATClub,

I have lurked on this forum for years, but I only began studying for the GMAT over the past month. Today, I took the test for the first time and received a score of 740.

While I am ecstatic over the 44 Verbal (98th percentile) and 740 overall (97th percentile), the 48 Quant (76th percentile) smarts.

I hear chatter both ways regarding quant scores. Some still swear by the 80% / 80% rule. I have also heard that Wharton AdCom specifically wants to see a > 80th percentile Quant score. Others say that the 80% / 80% rule no longer holds. They note that AdComs have reviewed the academic performance of past 48 Quant scorers and believe prospective students with the score are plenty qualified to handle the academic rigor.

How do AdComs compare students' unscaled scores? The GMAC claims that unscaled scores from two different years represent the same level of aptitude. If an applicant who took the test two years ago (e.g. 48 quant, 81st percentile) and an applicant who took the test today (e.g. 48 quant, 76th percentile) are compared, are the percentiles considered? Are students who took the test two years ago now also disadvantaged? Have AdComs instead begun to embrace a preferred unscaled score threshold instead of a preferred percentile threshold? (Of course there is no required threshold, but the AdComs do seem to have preferred scores.)

After answering the above, could you also consider my personal situation? Should I consider retaking the exam specifically to meet the Quant 80th percentile threshold? I am looking to apply in round 2 this year to multiple top 8 schools (specifically, the schools with stronger finance programs). My feeling is retaking the exam would be unnecessary as I have a CPA, I am a CFA level 3 candidate, I have an undergraduate degree with concentrations in accounting and finance (3.56 GPA from Boston College CSOM), and I work in a quant-heavy industry (business valuation). However, I am concerned that finance-focused schools are looking for higher quant scores, and I am worried a lower quant score may weaken the rest of my academic profile.

Thank you for your advice.