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I'm not sure what the grading system at the UK University was, but usually US universities have a grade point on a scale of 4. So if you're score was a 68.5% and we literally translate that to a 4.0 scale, then your GPA should be a 2.74, not 3.7. It might be worth it to look into this and find out for sure. GPA matters less and less the more work experience you have, but since it might be less than a 3.0, you'll probably have to bring your GMAT up to prove that you're academically competitive. Just my two cents.