I gave my GMAT yesterday. It went horribly wrong
. Feel so horrible about it because, my preparation was good enough to not give me that score (wouldn't want to share the score). I used to score between 650 - 680 on MGMAT and GMATPrep. All thanks to my last minute change in strategy. I decided to get the first few questions right no matter what. My Quant went horribly wrong and hardly had any time for the last 7-8 questions.
Anyways, the reason I am writing this is, I need your suggestions/inputs on what next. I have no issues taking up the exam once more. But want to get expert opinions on how my high level profile what it means to apply next year. My worry is around age vs admission year.
Gender : Indian Male
Current occupation/Industry : Information Technology (My understanding is, this is one of largest application pools)
Age : 29
Other involvements : Own and maintain a mango farm; Own and maintain a Stocks related to group which is doing pretty well in terms of overall activities. Also into investments in stocks
Social Service: Been involved with a NGO for the past 2 years
My target was to get into at least any of the top 20 if not top 10 schools.
I have two options in front of me.
1. Prepare again and give GMAT in about a month and prepare for my application for R2 with the remaining time.
2. Take enough time and prepare for GMAT. Apply next year i.e in 2013 and get into the class starting 2014.
I am ok to go with option 2. But then that would mean, I will be 30 yrs old when I apply and will be 31 when I get into MBA. Personally, that is not a problem. What I am not sure of is, how my age will affect my admission.
Any thoughts or suggestions on the above is much appreciated.
I think Option 1 is better if you think that you can get your score up in a month. But only you would know that.
But I also think your answer partly depends on how many schools you plan to apply to. If you take option 1 and plan to apply a large number of schools, you may not have time to finish all of them for Round 2. I'm assuming that you haven't done any work so far your applications. If you have done some work, then this may not apply as much.
If you do option 2, I don't think it's that bad. You are correct that Indian IT males are a large applicant pool, and I'd worry more about differentiating yourself in the pool. What I'd say is the advantage of option 2 is that you have more time to do that. You can take up an activity to make yourself different, for example. If you're able to do something that makes you different in the extra year and you're able to adequately study for your GMAT to get your possible score, then I'd say option 2 is better.
Also, I think for top 10 schools, you'll need a higher GMAT score than 650-680.