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GMAT retake advice needed

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Joined: 03 Dec 2011
Posts: 10
Concentration: Finance, Strategy
GPA: 3.54
WE: Corporate Finance (Consumer Products)
GMAT retake advice needed [#permalink]

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New post 04 Dec 2011, 22:39
I am contemplating taking the exam again and wanted to reach out to this community for feedback. After taking the test three painful times, i scored a 680 today (50 quant/31 verbal). Im lookin to apply to hbs, chicago, wharton, and columbia second round (early january). Given the score and time constraint, does it make sense to retake? My understanding is that admission officers will give greater weight to the math score, which may make the 680 sufficient. What are your thoughts?
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Joined: 04 Dec 2002
Posts: 15153
Location: United States (WA)
GMAT 1: 750 Q49 V42
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Re: GMAT retake advice needed [#permalink]

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New post 04 Dec 2011, 22:52
The rule of thumb is to invest your time into what gives the greatest ROI.

On the GMAT, it is probably as good as it gets (after 3 times that is) 680 happens to be slightly agove the lower border of the 80th percentile of the schools you are targeting.

If this was your first attempt, I would recommend going for another one without any studying - chances are you will get 30 more points for nothing but after 3 times I would hate to waste you another $250 and 720 with OK essays is much worse than 680 with great essays.

So, here would be my suggestion:
1. Focus fully on the applications and essays - work extra hard on these
2. Order GMAT Roadmap book from MGMAT and then spend 1-2 hrs browsing it to see if you can find any Aha's. If you do, and they make you feel that you may have a good shot, you may want to schedule a 4th round. If nothing jumps out, keep working on the applications. (by the way, I just finished reading and wrote a review on the Your MBA Game plan book - recommend it)

I just posted this table for another member with average GMAT Scores:

Here are the averages/80th percentile for top schools:

GMAT Scores for Top MBA Programs
#School NameAverage Gmat80% GMAT range
1Stanford GSB Full-time MBA728680-770
2Harvard Business School Full-Time MBA724680-770
3Yale Full-time MBA722680-760
4Wharton Full-time MBA718670-760
5MIT (Sloan) Full-time MBA718670-760
6UC Berkeley (Haas) Full-time MBA718590-730
7Dartmouth (Tuck) Full-time MBA716670-760
8Chicago (Booth) Full-time MBA715660-760
9NYU (Stern) Full-time MBA715660-760
10Northwestern (Kellogg) Full-time 2 Year MBA714660-760
11Columbia 2 Year MBA712670-760
12Indian School of Business Full-time MBA712670-750
13UCLA (Anderson) Full-time MBA710680-750
14Michigan (Ross) Full-time MBA704650-750
15London Business School Full-time MBA702
16Oxford (Said) Full-time MBA700
17UVA (Darden) Full-time MBA699640-750
18Duke (Fuqua) Full-time MBA697620-760
19Washington University in St Louis (Olin) Full-time MBA695640-750
20CMU (Tepper) Full-time MBA694640-750
21University of California Davis Full-time MBA692650-740
22UC Berkeley (Haas) EWMBA691640-750
23Northwestern (Kellogg) Part-time MBA690
24USC (Marshall) Full-time MBA690640-740
25Cambridge (Judge) Full-time MBA690630-740
26Chicago (Booth) Part-time MBA687
27UCLA (Anderson) FEMBA687640-730
28Cornell (Johnson) Full-time MBA687620-740
29UNC (Kenan-Flagler) Full-time MBA686550-720
30Notre Dame (Mendoza) Full-time MBA685600-750


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Re: GMAT retake advice needed   [#permalink] 04 Dec 2011, 22:52
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