i agree with you 700wildo. I`ve no doubt i can get over 700. I`m juist extremely rusty in my geometry and quadratic equations. For verbal, its a question of getting used to the style of GMAT questions and getting rid of my bad `slang` habits. I don`t intend to re-take it, don`t have the time, (new baby on the way).
Anyhow the discussion is about the value of 700+ GMAT scores. Personally, there is 2-fold questions to ask -
1) what influence does it have with admissions?
2) What influence does it have with employers.
However, GMAT can`t be used by itself. Its still relative to the quality of life experience and the quality of work experience. All other things being equal, the higher GMAT is obviously favourable, but that is rarely the case.
Would you hire someone with extensive leadership experience and a 710 GMAT or someone with limited leadership experience but with 790? IMO, the GMAT is less relevant.
Likewise, would you hire a quant-jockey for a finance job involving lots of analysis? (High GMAT Q)
Would you hire the same person for a finance line management job as opposed to someone with proven soft skills and reasonable quant skills?