I'm not the right person to give you advice here as my weakest point was the verbal, and I'm not into any B-school - hopefully yet. However, I will try to point out somethings that I've noticed during my process.
Q can be tough even for math background guys, don't try to solve it as we are used to, that's one of the GMAT's secret, back solving for instance, is as important as knowing that 1 + 1 equals 2.
Although in my last GMAT, I was stubborn and lost almost 5 min trying to solve a question, just don't do that - I know, how hypocrite am I? - if you loose more than 4 min, just guess and move on, it's better to guess and solve all questions, than later finish the test with unsolved questions.
More on guessing: try to guess right, many questions on the GMAT Q is about have the idea of the right approach, you do not need to solve until the end when the questions is that kind of: "which of the following is the least?", try to just eliminate the most obvious, because if you loose more than 4 minutes you will increase your probability of guessing right.
Practice: practice leads to perfection, off course we're not seeking 800, but the more you practice the best you can do. Avoid studying Verbal if V is your strong point, almost naturally one goes for one's strongest point, but just do that practice your weak point. My last GMAT time I studied "almost exclusively" the V part, IT SUCKED BIG TIME, but hey that's the point, we're fighting our weaknesses, right?
Finally, always believe - it's like Impossible is nothing
- you have many histories here from people who did. Stay calm, focus, practice and be positive.
Good luck!