Hi pranavchaudhry99,
To start, a 700/Q48 is an outstanding Score, so you can comfortably apply to any Business Schools that interest you. You do have an opportunity to pick up points in both the Quant and Verbal sections though, so it's understandable that you might want to retest. In addition, depending on the Schools that you plan to apply to, you would likely find it beneficial to speak with an Admissions Expert about your overall profile and plans. There's a Forum full of those Experts here:
https://gmatclub.com/forum/ask-admissio ... tants-124/Before I can offer you the specific advice that you’re looking for, it would help if you could provide a bit more information on how you've been studying and your goals:
1) On what date did you take the Official GMAT?
2) How long have you studied? How many hours do you typically study each week?
3) What study materials have you used so far? What “brands” of CATs/mocks have you used?
4) On what dates (or approximate dates) did you take EACH of your CATs/mocks and how did you score on EACH (including the Quant and Verbal Scaled Scores for EACH)?
5) When are you planning to apply to Business School and what Schools are you planning to apply to?
If you took your Official GMAT at a Test Center, then you might also choose to purchase the Enhanced Score Report. While the ESR doesn’t provide a lot of information, there are usually a few data points that we can use to define what went wrong on Test Day (and what you should work on to score higher). If you purchase the ESR, then I'll be happy to analyze it for you.
GMAT assassins aren't born, they're made,
Rich
Contact Rich at: Rich.C@empowergmat.com