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kennedy91
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You played into the system you didn't beat it. The whole point of the score cancellation policy was to encourage more retakes for that $$$. Schools already didn't care how many times you took it.

Wouldn't be surprised to see average scores rise to 740-750 at top 10 schools.
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Kennedy91- This is awesome!!! I don't think too many people know you can structure your tests this way. Your post changes everything for me.

Porkbun has a point that these rules favor those who can afford it, but if you have the money, this system is a no-brainer.

Personally, I don't mind spending an extra few hundred $$ to pick the score that could help get me into Stanford. The average starting salary at Stanford now is something like $180,000. I think it's important to keep the cost of the GMAT in perspective. It's a bargain compared to what it can get you.
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Kennedy91- This is awesome!!! I don't think too many people know you can structure your tests this way. Your post changes everything for me.

Porkbun has a point that these rules favor those who can afford it, but if you have the money, this system is a no-brainer.

Personally, I don't mind spending an extra few hundred $$ to pick the score that could help get me into Stanford. The average starting salary at Stanford now is something like $180,000. I think it's important to keep the cost of the GMAT in perspective. It's a bargain compared to what it can get you.

Obviously taking the test multiple times is worth it considering the ROI. I myself have done so.

That really wasn't my point though. What I was trying to get at was that in the past even if OP's report card showed a couple of 600's and a 740, schools only consider the highest score. The 600's in no way would hurt him. Now, there was a point where I think if you had taken 5+ tests that it would start to hurt you, but that was only a very minute consideration. Sandy Kreisburg had recommended taking the test 10+ times in order to get the score you want.

However, with this new rule change, we aren't going to see that (5+ tests on a report card) anymore. Schools aren't dumb, they absolutely know that this rule can be exploited. They never placed ANY premium on single takes and with this rule change any minor consideration of excessive takes goes out the window, because it can never be tracked.
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Hi kennedy91,

That's OUTSTANDING news about your score. With a 740, you're in position to apply to any Business Schools that interest you, so you shouldn't hold back when it comes to your applications.

While the point made by Porkbun is valid (Business Schools don't really care how many times you take the GMAT), you hit on one of the big advantages of GMACs Score Reporting 'process' - the option to reactivate a score (combined with the shorter 16-day 'wait period' between Exams) can really ease the levels of anxiety that many Test Takers experience on Test Day. Your ability to incorporate that pattern/logic clearly helped you to perform up to your potential.

The Schools that you mentioned in your original post are all highly competitive, so you might want to work with an Admissions Consultant on your applications. If you're interested, we have one particular expert who we recommend who has helped many of our Clients to fantastic results. Email/PM me and I'll help set you up with a free consultation.

Another GMAT Assassin has been made!
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kennedy91

Congratulations!!

I am taking my GMAT - October 14th. Let's hope for the best. Your post and score inspired me in some way that if you work hard, anything is achievable. It is not rocket science :)

If it does not work in the first time,there is always another chance. Just don't lose hopes. That is what I learnt from you post.

Thanks and All the best for the admission process.

Do let us know your experience!!

Regards
Saswat
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hey kennedy!!! Congrats on your score!!!

Would you mind sharing you score breakdowns???
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kennedy91

Congratulations!!

I am taking my GMAT - October 14th. Let's hope for the best. Your post and score inspired me in some way that if you work hard, anything is achievable. It is not rocket science :)

If it does not work in the first time,there is always another chance. Just don't lose hopes. That is what I learnt from you post.

Thanks and All the best for the admission process.

Do let us know your experience!!

Regards
Saswat
Hi saswat...how was ur exam???
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EMPOWERgmatRichC
Hi kennedy91,

That's OUTSTANDING news about your score. With a 740, you're in position to apply to any Business Schools that interest you, so you shouldn't hold back when it comes to your applications.

While the point made by Porkbun is valid (Business Schools don't really care how many times you take the GMAT), you hit on one of the big advantages of GMACs Score Reporting 'process' - the option to reactivate a score (combined with the shorter 16-day 'wait period' between Exams) can really ease the levels of anxiety that many Test Takers experience on Test Day. Your ability to incorporate that pattern/logic clearly helped you to perform up to your potential.

The Schools that you mentioned in your original post are all highly competitive, so you might want to work with an Admissions Consultant on your applications. If you're interested, we have one particular expert who we recommend who has helped many of our Clients to fantastic results. Email/PM me and I'll help set you up with a free consultation.

Another GMAT Assassin has been made!
Rich

I was under the impression that you could only retake the GMAT every 31 days? Is the new rule that you can retake the GMAT every 16 days? Or is it only 16 days if you cancel your exam score? Does it not count as 'cheating' if you redo the exam within 16 days as some of the same questions will come up? If it does count as cheating, can't GMAC cancel your score?
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Hi tanad,

GMAC's 'old' policy was that you had to wait 31 days after taking the GMAT to take it again. This past July, the rules changed though - now, it's only 16 days. To answer your other question, you will NOT see any repeat questions on the GMAT.

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I'd like to clarify 1 thing that I read above. Although the new GMAC rules do give you the flexibility of cancelling and only reporting your best scores I don't think you actually can get around the question of "how many times have you taken the GMAT" that many bschool applications ask. You have to talk about your cancelled attempts as well or else IMO, you are not providing the correct picture. For schools that do not ask about how many times have you appeared for GMAT, yes you are at an advantage.
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