Wow - retake with 760. You make me feel insecure with my lowly 750
When are your 5 Applications due? (in a month or two?) Do you have all the essays, recommendations, resumes, etc put together? They are a lot of work - ask anyone. If you come in with 790 and crummy essays, you are toast. 760 and Great essays are a much better situation. With high GMAT, poor essays, and poor GPA, you will come off really one-sided. Top 5 don't care about the gmat score once you are past 700. Moreover, they only care about the score being balanced and Q score being high enough.
Take a look here:
should-i-retake-gmat-thread-retaking-gmat-strategies-83339.html for a bit
You are not guaranteed a higher score with a retake - esp when you climb that high. You have 99th percentile - you are at the top and I doubt the scores will inflate enough for the percentile to drop in the next few years. You can put it on your resume "GMAT - 99th percentile" and you can also teach for a prep company (the best ones that require 99th percentile).
I see very little value in retaking but if anything I learned about MBA applicants, it is that they are stubborn and have a clear goal, so I won't keep you from it either, but still, keep in mind - not a great investment of your time if you plan to spend a bunch on studying.
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