So I took the GMAT for the second time today. As the title of this post indicates, my score went down. Needless to say, I'm very disappointed with this result. I know that several posts in this forum state that receiving a 680 score is not worth a retake. I decided to retake for a few reasons. First, I felt that I could do much better, especially in the quant. I really messed up my time management and lost ten minutes of time in the first third of the questions, a mistake I knew that could be corrected very easily. Another reason that I decided to retake is because I was not convinced that 680 would be good enough for the top mba programs. Seeing all the 700+ success stories in this forum, along with the acceptance charts for each school made me feel insecure about my 680. Finally, I decided to retake because of what I've read online about how heavily the top mba programs weigh strong quantitative abilities. My undergraduate coursework does not exactly portray me as a math whiz (graduated with ~3.4 at UCB) so I wanted to show improvement in quant.
I should add that I did not study as much as I could have in the month after my first take. It was not because I didn't care, but it was more so because I was running on fumes. After starting the GMAT preparation process in mid-january, I was mentally exhausted, especially after a the L I took away from my first take.
Now I ask myself, is this test worth a retake? I know that it's commonly stated in this forum that most admissions care about your highest score, but how do they view a drop in score? Will it hurt that much? As bb mentioned in a response to someone in a similar situation, the gmat is like vegas - sometimes you need to know when to walk away. Does this apply to my case as well?
Regardless of whether I decide to retake or not, I plan to take some time away from this test. It's been driving me crazy and has negatively impacted my quality of life.
Just as an fyi, my work experience thus far has been in advertising at notable start-up companies (about 2 years). I left my job to pursue my own interests. I currently plan to go into non-profit with the hopes of using my experience in technology to design better products for non-profit causes. I add this only because I've read that competition amongst the pool of people who aren't finance and consulting is less intense. Any thoughts on this?