naman12345
I took the third attempt of GMAT in dec of 2016 & got a 600. In my previous two attempts I got a 540 and a 590. I somehow scored in the range of 680-720 in the manhattan mock tests while I was preparing for my third attempt. But I once again failed to get the score I wished for. Tired by the failure, inspite of wokring for GMAT day in day out, I decided to drop the idea of giving the GMAT again. I then visited a few councillors & they some how convinced me that I could get into a good college if I take up the masters inspite of MBA. But I have always wanted to get into to top 50 business schools with a MBA so I have decided to take up the GMAT for the 4th time. As of now I have a work experience of 1 year and I am thinking of waiting of another year and then applying with 2 years of work experience & being realistic maybe a minimum GMAT score of 620. So with this profile would it be more beneficial for me to apply in 2018 for MBA or this year in MIM?
First of all, I am glad you have decided to take the GMAT for the fourth time! That kind of change in mindset is exactly the attitude you need to be successful.
Putting the GMAT aside for a second, is there a reason why you are in a rush to get into business school? You seem to be on the exact same path as myself as I have recently just finished my first year of work experience. I plan on going to business school in 3-4 years time as I personally feel that it is most beneficial with a few years of work experience under my belt; however, each person is different. You may want to review your goals post-mba to see what the best course of action would be and reflect on when the best time would be to go to business school. It may be possible that you are trying to rush this entire process and this can also be affecting your GMAT performance.
Going back to the GMAT, I would say the rest of your profile would have to be solid to get into a Top 50 program with a 600. For example, one of the school I will be applying to is Merage (UC Irvine). Their GMAT average is around 650-660 and range is 600-700. Your GMAT score would fall right at the end of their range. Merage is ranked 48th according to US News so it falls just inside the Top 50.
I think it would be very beneficial for you to retake the GMAT (which you have already stated you will be doing) and maybe waiting a little bit longer. Unless you have a strong reason to go to business school as soon as possible, I feel like you would get more out of a MBA program and simultaneously strengthen your chances at a better program by waiting.