Hi belami1991,
My short answer to your question (Am I dreaming or should I retake and target a 740+?) is No (you're not dreaming) but Why Not?
Of course you're not dreaming. All top business schools evaluate your application "holistically," which means your GMAT is one factor among many factors and they take them all into consideration. Your background is clearly impressive. Your work history/track record, your employer, and strong recommendations all matter a lot. They'll notice the 30 Under 30. Your GPA is also good (we don't know what it's in, but hopefully you'll have some quant courses in there) so academically, you should look fine. They should like the board membership on the nonprofit too, especially if you have meaningful involvement there and a personal connection.
What we don't know from the below is what your personal qualities are, what your "story" is, and where you're going. All those also matter. Tons of awesome stats won't help if you come across poorly in the essay or interview. So, assuming you can deliver there - you'll absolutely have a legitimate shot.
That said, why would you take the GMAT only once? It's a tricky test, most people don't get their best scores the first time. It's early in the season - HBS just released their (same) essay question this week, and Stanford hasn't confirmed their essays for the year yet. You have time to retake it, why wouldn't you? I would wonder about that. Also, tbh - a 700 doesn't tell me everything. Is it evenly split or is one side much lower than the other? What do your IR and AWA look like? What was the test like for you? Did you prep for it? Do you struggle in general with standardized tests? I'd take it again! If it doesn't go up, no harm, no foul - it shows you tried. If it does - awesome, every little jump can help at these elite schools.
When you submit your application, you want to feel like you gave the process your all. The level of competition is stiff, and the process unpredictable. So, yeah, I'd take it again. Another option is switching to the GRE - it's becoming increasingly popular (15% of HBS's 2020 class submitted GRE scores) and some candidates just tend to do better on that test. You can always try an online practice test to see if you "click" with it better. But I think I'd rather just see how you do with a 2nd GMAT so you can show resilience and effort to score better.
Best of luck!
Warmly,
Julie-Anne Heafey
mbaMissionquote="belami1991"]Just took my GMAT today and considering if I should retake given I'm targeting GSB/HBS. I know it's on the border of even having a shot but I'm hoping that with strong resume/recs I'll still have a decent shot. Additionally, most of my firm went to either GSB/HBS and I'm fortunate enough to be able to get some pretty stellar recs from well known alumni of both schools (trustee/advisor board members). Am I dreaming or should I retake and target a 740+?
Background and nationality: Asian-American
Undergrad Information: NYU/3.8 (Cum Laude)
GMAT: 700 (Q44/V42)
Work experience and leadership:
- Vice President at well-known venture capital firm; promoted early from associate to senior associate then to VP
- Have led a few of my own investments that have done well and take board seats on companies
- Before that, 1 year management consulting and 1 year PM at startup which was acquired
Community service and awards:
- Executive/Board member of a thousands+ member non-profit
- Forbes 30 under 30
Thanks![/quote]
_________________
Julie-Anne Heafey
mbaMission Senior Admissions Consultant
Harvard MBA
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