Hi miko2010,
To start, a 700 is an outstanding overall Score - so depending on the Quant and Verbal sub-scores and your Overall profile - it could be enough to get you into your first-choice School. By extension, a retest might not be necessary.
There's certainly no harm in retesting, but before I can offer you the specific advice that you’re looking for, it would help if you could provide a bit more information on how you've been studying and your goals:
Studies:
1) On what date did you take the Official GMAT and what were your Quant and Verbal Scaled Scores?
2) How long have you studied? How many hours do you typically study each week?
3) What study materials have you used so far? What “brands” of CATs/mocks have you used?
4) On what dates (or approximate dates) did you take EACH of your CATs/mocks and how did you score on EACH (including the Quant and Verbal Scaled Scores for EACH)?
Goals:
5) What is your overall goal score?
6) When are you planning to apply to Business School and what Schools are you planning to apply to?
GMAT assassins aren't born, they're made,
Rich
Contact Rich at: [email protected]