Hello
rwx5861,
As a professional MBA admissions consultant, the previous post is correct.
What gave you the impression that you had to submit both or just the GMAT? You should pick the score in which you performed overall better. There might be exceptions where your quantitative score on one was significantly better than the verbal (or vice-versa) despite an overall lower score but those are cases are extremely rare.
It will be challenging, though not impossible, to get into Wharton with a sub-700 GMAT score. In all honesty, you would need to have a remarkable story and/or a unique background to take pressure off of a sub-par application component. How much lower is your GMAT? How did you do on the GRE?
As is often mentioned, your GPA is also an important consideration when it comes to the technical/academic part of the application. A high GPA can be a great mitigating component to a low GMAT/GRE. Unfortunately, when it comes to Wharton, many candidates have BOTH high GMAT/GRE and GPAs so you won't have much margin for error on the other aspects of your candidacy.
You also asked about timing. I would not wait until next year just because you think it'll be less competitive. We have no idea how things are going to pan out over the next 12 months, much less the next 12 weeks! For all we know, things could actually get more competitive. If you are ready to apply now in your career and you have a decent GRE score I would say go for it this round. You can always re-apply if needed.
We are more than happy to talk you through all this and more if you need help and are interested in getting a professional to assist you in your Wharton application. Please reach out to
Admissionado.
Best,
Seth
https://admissionado.com/