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saturnicverses
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VictoryMBA
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jw1584
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Did you take your practice tests timed? For me the hardest thing was getting used to the time constraints on the math. The first time I took the test I ran out of time and left several math questions unanswered. I ended up with a 600. In the 6 weeks between my first and second attempt all I did was math drills and timed practice tests (the 8 on Princeton Review and the 2 that are free from the GMAC website) and raised my score to 710. Even if your problem is not exactly the same as mine, maybe you could tackle it in the same way by really targeting what your weakness was using the score breakout as a tool. HTH.
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sam77sam7
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There are many regional schools that will accept scores in this range, and if you have stellar experience, then some mid-range schools have scores in your range.

The important thing though, I think, is to discover why your Prep scores are lower than your actual by such a large degree.

If you are truly scoring in the 700's consistently with practice tests, working towards a retake may be your best option. Don't forget, apps aren't due for a LONG time (assuming you are applying for Fall 2009 admission), you certainly have time to really enhance your profile in the near-term.

Hope this helps a little!

~Sam
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rhyme
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If you were scoring 720, (assuming you weren't using a calculator or something :)) - I say retake! No reason to sell yourself short.
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saturnicverses
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okay I will answer one by one. first, I am 30 ( dont know if it is considered old).
anyway, yes I took the 2 prep tests 4 times ( two times each) and my scores were (620and 740), (710 and 760). I have fair idea of why my scores dropped or perhaps I dont have any idea.
It is all too complicated. We apparently I dont have any particular area of problem as far as GMAT studies are concern.
Yes, retaking GMAT is an option but somehow I am mentally very tired to do so again....
So, I just wanted to know if there are colleges which takes these scores.
Another thing I am skeptical abt is how many attempts business colleges consider.
So if any of you can give me the name of such colleges it will be helpful.
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KingKREEP
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I would say retake the GMAT. As rhyme said, if you were seriously scoring in the 700s in the mocks, you just had a bad day. Take a break, recharge your batteries, prepare and give it again. A lot of schools do accept students with these scores. So you *can* get an admit somewhere. But do bear in mind that the MBA is more or less a once in a lifetime thing. So it makes sense to get the best possible deal.
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The last application round (i.e. Round 3) for probably all the schools out there is already over. Of course, there are some schools with rolling rounds (but they last long and you don't need to rush yourself to apply). This means that till the traditional Round 1 (i.e. August-September) you have 3-4 months. Take a deep breath and get back to your GMAT preparation. This score is a very crucial point for your admission to worthwhile MBA programs (top 10 or 15). Don't mess it up, get it done right. I personally raised my score from 570 to 720 just in one month (ok, there were some annoying things during my first test but anyway). Just trust yourself and do it.