740 is above average as you mentioned so you can straight start working your apps. However, following are my observations in blue fonts.
I just finished my GMAT exam and got a 740 (49Q, 42V), with IR 5, AWA probably around 4.5-5.
Sure this is not a bad score, specially given that I studied only 3.5 weeks full time for the test. But I consider re-taking it, as:
a) I do not like my IR score and think that I could have done better if I had devoted c. 1 day to IR just to review my wrong answers.
If IR is the only reason, then don't retake the exam unless you aim for consulting or something related.
b) I scored 770, 750 and 770 on the 3 GMAC prep exams I did under timed conditions (with the middle one being the 2nd Preptest in a day), I went pretty confident into the exam for a 760+.
Your score is within acceptable limits. So no need to take.c) I felt extremely competent in Quant section. I exhausted pretty much all 700-800 level Quant Questions on ManhattanPrep (
Advanced Quant Book + online question + all 6 CATs) and did not feel that I had any knowledge gaps. In the 3 official GMAC prep exams I did under timed conditions, I scored 51,50 and 51 on Quant respectively. Therefore, I feel rather disappointed about my Quant score (especially because I have an engineering background and generally love math and logic games).
I can understand the pain for score low specially in Quant. See how you proceeded in the three mocks and find, using ESR, what wrong you did in actual exam. The only thing you can'f find using this approach is whether or what difficulty level questions you missed. If you find the a noticeable scope of improvement, retake - speaking literallyd) I feel that I have one specific weak area in the Verbal part, which is Sentence Correction. In all 3 Official GMAC prep exams, I had exactly 6 Verbal questions wrong, 5 of them being SC. I think that if I had more time to dig a bit deeper, I could score higher on the Verbal part (that was also what I felt during the exam, as it took me quite longer than the recommended 80 seconds for most SC questions.
Definitely, you should retake for missing 5 SC questions. Even though you have 42, which is a high score, you can improve. Again literally speaking.e) I am only going to apply for HBS, Wharton, Stanford Business School, MIT Sloan And Columbia Business School. I know those are 10 points over the median scores of those schools, but I really want to get into at least 1 of them and don‘t want to get rejected because of GMAT.
So, shall I retake?
Posted from my mobile deviceSo you 2 pure YESES and only 1 pure NO. Decide yourself.