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Retake the GMAT? - 750 (Q47 V46)

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Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 11 Dec 2011, 08:16
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I have been a long time reader, but only recently began posting. I think it's tremendous how supportive this community is, and given the number of 6XX -> 7XX improvement stories I have seen (including my own), that support is yielding obvious dividends. However, I am looking for a very honest assessment here.

I took the GMAT in November and scored a 750 (Q47, V46), and obviously I was extremely proud and excited having vastly improved on the 650 I scored 5 years earlier. But now, I am beginning to consider whether I should retake the exam to improve my quant score.

I am applying in R2 to Wharton, Kellogg, and Booth, so there is not enough time to retake before admissions deadlines, nor am I terribly worried about the score for admissions purposes (maybe I should be?). But, looking ahead to recruiting, I have begun to wonder if a Q47 could be a hinderance in recruiting for investment banking or strategy consulting (BCG, Bain, McKinsey). Below are my scores on the GMATPrep tests:

- GMATPrep 1 - Attempt 1: 750 (Q47, V47)
- GMATPrep 1 - Attempt 2: 770 (Q49, V47) - No noticeable overlap/repeats
- GMAT Prep 2 - Attempt 1: 770 (Q49, V47)

I believe with a little additional prep work in quant (and hopefully less nerves given my 750 performance last attempt), I could improve to Q48 or Q49 without a drop in my verbal. Nothing in my prep work has led me to believe Q50-Q51 could be possible, so I could only hope for a 1 to 2 point improvement over my current score if I were to retake.

Possible mitigating factors:
- A's in quant heavy undergrad and graduate courses: from Finance to Non-Linear Optimization to Calculus II to numerous programming classes (C++, Oracle PL/SQL, Java, SQL)
- Reasonably high overall GPA in undergrad/grad concentrations in accounting
- Coming from top accounting / consulting firm (think green dot)
- Passed CPA exam and CFA Level I

Thoughts?

Note: If I would have seen this post 6 months ago, I would have probably thrown up a little bit in my mouth, but I promise I mean to offend no one with my post. :-D
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Joined: 03 Aug 2011
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GMAT 1: 640 Q44 V34
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Re: Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 11 Dec 2011, 08:24
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I wouldn't!

By the way - Congratulations for your wonderful score! And good luck with your applications! I think you should better invest your time in writing essays than re-do the GMAT. Your score is wonderful, but for your target schools it doesn't that much of a difference if you improve it to let's say 770. Better focus on the other application docs, because essays really make the difference with top-tier BS.

I can also share some experience with management consulting (though in Europe), where I have been told, that GMAT is a nice to have feature, but not too important for recruiters. So again - I think your 98 percentile is just EXCEPTIONAL! I don't know how thinks are with investment banking, but I would assume them to be just like MC.

Regards and good luck!
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Re: Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 11 Dec 2011, 10:46
I agree with bgpower.

What you have thrown out there is impressive. In my opinion, your GMAT score is fantastic. I really do not think that higher score would have made a difference because you have proven your high academic potential, consistency, etc. You should put time in the applications/essays since it will make a greater impact.

I believe that you are smart enough to score even higher. But keep in mind that everyone wants more if they know they could have more. Be careful. I think that the only benefit you can get out of higher GMAT score is that you will be more competitive for scholarships.

Good luck to you, I think you have amazing chances.
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Status: Graduated
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Concentration: Economics, Finance
GMAT 1: 730 Q48 V44
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Re: Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 11 Dec 2011, 18:46
Expert's post
The GMAT will probably play an extremely minor role in recruitment. Financial institutions can gauge an applicant's mathematical aptitude through their own numerical tests. Your GMAT is already excellent. Without a doubt, it's definitely time to move on.
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Re: Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 11 Dec 2011, 19:27
Absolutely not! Your time would be better served working on the other areas of your application. You have the score to get into any business school. Getting into the best one possible will matter way more than getting a 47 on Quant. No need to retake.
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Re: Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 12 Dec 2011, 00:48
Congratulations my good friend. It is a great score that I am even hoping to get when I take the GMAT in February 2012. Just apply. Studying and restudying for the examination is not that easy.
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Re: Retake the GMAT? - 750 (Q47 V46) [#permalink] New post 12 Dec 2011, 02:28
No way! why would you take it again? it's good enough. (unless you feel you can get 800...) :)
Remember that schools can see how many times you took the test, and it may look weird if someone with 750 took it again.
Re: Retake the GMAT? - 750 (Q47 V46)   [#permalink] 12 Dec 2011, 02:28
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