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Bad GMAT Score - Need help on what next

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Bad GMAT Score - Need help on what next [#permalink] New post 17 Oct 2012, 09:05
Hello Experts,

I gave my GMAT yesterday. It went horribly wrong. I used to score between 650 - 680 on MGMAT and GMATPrep. All thanks to my last minute change in strategy to get the first few questions right no matter what. My Quant went horribly wrong.

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, if my age will affect my admission at that point and if it will, in what way.

Any thoughts or suggestions on the above is much appreciated.
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Re: Bad GMAT Score - Need help on what next [#permalink] New post 17 Oct 2012, 21:37
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Thanks for including us in your search for answers. You have probably already received some advice, so I will keep this short, especially because we are not GMAT instructors and can't speak to what you should do to increase your score.

1. Make sure you have at least a 660 or 670 before you apply, as it seems you are capable of achieving, as that will be the difference between your file getting read or possibly being ignored at top 20 programs.

2. If it's a question of your own strategy and the content is there, I would recommend taking the test again so you can apply Round 2 or at least bank the test results. The goal is to get a competitive score and there's no rule that says you have to wait a whole year to do that.

3. Read my other recent posts on how to thrive in a crowded demo, as you have some interesting things to draw from, it seems.

4. Finally, be smart about the schools you explore. There are schools that are skewing younger these days (HBS and Stanford, most notably, but there are others as well), but plenty that still really value deep experience and 30 is not going to be "old" for many of those (including Wharton, Haas, Kellogg, and most EU schools). Whether you are 29 or 30, you should be aiming for programs that value experience and, therefore, someone in your age range, rather than schools that seem more inclined to grab untapped potential (and thus, younger candidates).

Hope this help. Good luck next time you take the test.

Cheers,
-Adam/Amerasia
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