It may be worth retaking the GMAT if you think the 770/780 range is attainable. In order to be competitive you will need to be able to clearly articulate your goals (both short and long-term) and also show what you can add to an MBA class. Another year of work experience will definitely strengthen your profile. I caution against pursuing many additional ECs at this point because it is always obvious when applicants try to beef up their ECs prior to applying. Finally, be sure to apply as early in the process as possible to give yourself the best possible chance of getting in to your selected schools. Best of luck!
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