I recently took my GMAT exam and scored a 710 (92 percentile), Quant 48 (82 percentile), Verbal 40 (89 percentile). I studied hard for the exam and took several practice tests, including scores of 720 and 740 on the two GMAT Prep exams. I graduated 1.5 years ago from Lehigh University (3.56 GPA in their Business & Engineering Honors Program) and am currently working as an IT Consultant for a large firm. I plan to apply to the top business schools (Stanford, HBS, Haas) in approx. 2-3 years and wanted to know if it would be beneficial to retake the GMAT exam, since the averages for those schools are around 730 and getting in with any score is extremely difficult. I understand that there are numerous factors in the admissions process, but am currently debating this GMAT decision. Thanks!
You are young and have a bit of time, so I would definitely recommend retaking the GMAT over the course of the next couple of years. There is no reason to believe your score will not improve with more practice, and there is no downside to retaking since a lower score will not be used against you. GMAT scores are trending up every year, so I believe your 92/82 percentiles will actually appear lower in the coming years (yes, the score reports you submit will show the new percentiles, not necessarily the ones that currently appear).
Jennifer Bloom, CPRW
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