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RSGmoney
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cxa0897
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RSGmoney
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Also, to clarify: a 730 is a good score (96th %), but, as you mention, it's still average at many top 10 schools. Would retaking the GMAT to crank out, say, a 760 be worth it, or would it increase my chances only marginally?
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RSGmoney
cxa0897

Unfortunately, a 730 is not going to make you stand out at the top schools, and isn't really considered exceptional at that level. Northwestern and chicago have a ~730 average. A 730 will stand out slightly as you go into the teens, but not by a huge margin, and you will need that above median gmat to offset your gpa.

Basically, a 2.98 is not a huge barrier outside of the top 10, but inside the top 10 you'll likely need to improve your gmat to have a good chance. You don't want to be a the median gmat and below average on gpa as an engineer. Yes it is a tough major, but plenty of engineers are able to get good gpas and a ton of engineers apply to b school with better stats than you are bringing.
Hey cxa0897, thanks for the reply/help, I deeply appreciate it :) !

Can you clarify what you mean by 'stand out'? Does this mean that my chances would be poor at a top school such as Northwestern or Columbia, and that I probably shouldn't bother applying? Would my chances be so below average, that there's little chance I would get in?

Would my chances be increased by other things? For example, I have a Professional Engineering certification, went to a top 15 undergraduate school, worked in the nuclear industry, and have lived/traveled abroad extensively? Would these things weigh in my favor, or are they just 'extras' that don't matter too much?

Thanks!

These are all positives, but it needs to be expressed properly in your application to make the right impact, and this will need to be catered to each and every school.

Your current 730 puts you in contention at any of them, but isn't doing you any favors at the elites since it is "only average" compared to the other applicants. If you want to apply, by all means do so. If you want to retake, and could bump up to a 750/760, it would help, but how much is something only an adcom can weigh. If the rest of your profile makes a compelling case, a 730/760 probably isn't going to matter.