Hi desertEagle,
Most Programs have a Round 1 deadline sometime in Late August or September (although individual Programs might set a different schedule for their application Rounds - so you should make sure to properly research each Program to be sure). While it's understandable that you would want to be 'done' with the GMAT so that you can focus solely on assembling your overall application, most GMATers have fairly active lives (juggling work, family, studies, etc.), so studying and working on your applications at the same time is not necessarily a bad thing (as long as you're keeping everything organized and working efficiently).
GMAT assassins aren't born, they're made,
Rich
Contact Rich at: [email protected]