Here is my 2 cents:
You have to retake the GMAT, and make a significant improvement. Why? B/C these are the class profiles for the two schools you are interested in:
Iowa:
https://tippie.uiowa.edu/fulltimemba/adm ... ofiles.cfmKentucky: (See FAQ)
https://gatton.uky.edu/MBA/Content.asp?PageName=MBAFAQsNow for Iowa the average GMAT is above 680, and for Kentucky the average is above 600. At 490, You are well outside what 80% range for Iowa, and I'd assume the same for Kentucky. With that score, it is quite possible that they won't even look at the rest of your application. I had to give you this bad news, but if you are serious about an MBA, a 490 will probably not cut it, even for these schools. Out of the two schools, you would have a much better chance at kentucky with your current score.
Now, I see that you got a 6.0 on AWA, but not to burst your bubble or anything, but this score really means nothing. NOt to mention that the GMAC will be dropping half of the AWA as of June b/c the score really was beginning to mean nothing.
So in conclusion, you really should consider a retake with signficantly more study time to improve your score into a reasonable range. GMAT Club is here to help you, and there are many many success stories of people dramatically increasing their score! Good luck, and let us know how we can help.
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