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camsimp1818
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luckyducky7
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TGC
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KyleWiddison
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Definitely do not give up right now! The purpose of the first take is to get it out of the way and gain some understanding for how the GMAT works. People see dramatic improvements from their initial take because there is so much preparation that has to take place before you can maximize your score.

Getting to 650+ is possible but will require a lot of effort (I think ~100 point increases are somewhat standard and ~200 point increases are much more rare). You also have to recognize that there are various factors that can torpedo your initial score, in addition to the personal factors you noted. Lots of the test itself is brand new (i.e. Data Sufficiency) and those areas will really throw you off. Your quant skills will be super rusty, but they will get better over time. Timing can be a silent killer - if you run out of time, your score will get crushed.

Be realistic with yourself. How have you done on standardized tests in the past (or even tests in general)? If you have done well in the past you should have some confidence that you can perform well on the GMAT, but realize that to perform well you will have to work really hard.

Best,
KW
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OptimusPrep
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the diagnostic test result is usually weak. That is why you must study so hard. Your final score matters so don't give it so early or you will not succeed in such a challenging test like the GMAT!