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Retake GMAT to boost resume?

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Retake GMAT to boost resume? [#permalink] New post 13 Feb 2010, 08:52
Hi everyone,

I am debating whether I should retake GMAT so I can put it on my resume and hopefully get more hits by recruiters. I had taken it before and got 670 (Q47 V35). Here's a little about myself:

w/e: Total 10 years - 4 in back office, 1.5 in investment performance. Currently a senior quant analyst working for a well-reputed asset management firm doing specialized work in performance attributions, and some risk testing and derivative price and model validations (been here for almost 5 years).
education: BS and MS Finance (BS from state school w/ bad GPA and MS from well-known school but not known for business education w/ 3.7 GPA)
certification: CFA charterholder since 2006

Initially I planned to go to emory's 1-year MBA program but decided not to. Now I want and am prepping to move into another area in my industry - e.g. fixed income research or quant/risk research or perhaps investment consulting. My job pays okay and isn't stressful, but I don't feel challenged and I'm not learning anything interesting, hence I want a change. As you know, the competition is intensely fierce in this field and I know that many candidates have 700+ GMAT from top schools. Some IM firms (though not common) actually do ask for scores/GPA - when the job market was good, I went to several interviews and the interviewers asked for the score. However I did get some good interviews during that time. I know that networking (which I also loath) is key and I will work on that, but this brings back to my question: Should I spend the time to retake the GMAT just to boost my resume a little in this tight market? Are there other alternatives?

Thanks for your input.
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Affiliations: Columbia, Wharton, LBS
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Schools: Harvard, Stanford, LBS, Columbia, Wharton, HEC Paris
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Re: Retake GMAT to boost resume? [#permalink] New post 17 Feb 2010, 14:29
Well, as you kind of point out, there are definitely other factors that may affect the situation. It depends on what you view your problem to be. If you view your problem to be getting the interview in the first place (due to lack of network resources, strong differences on your resume, etc), then a stronger GMAT score could help you to stand out from your peers. If, however, you are getting the interview in the first place, then a charming smile and a few flattering words will probably get you further with the recruiter than a GMAT score that is 10 to 20 points higher or lower than your competition.

That being said, there are studies that show a person's quantitative GMAT score being linked to salary, and verbal GMAT scores to managerial status. Fun fact.

If you decide to go back and want any help, let us know and we'll provide a discount on any course/tutoring you maybe interested in. Good luck with your search!
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Re: Retake GMAT to boost resume?   [#permalink] 17 Feb 2010, 14:29
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