mohater wrote:
This isn't a "I'll do anything", rather "doing better on the GMAT has potentially opened more opportunities". At first I was only considering PhD programs, but now that I broke 700, I see potential in both programs.
I'm sure you do; however when writing the SOP you pretty much need to take the "I need to do this or I'll die" approach (without getting too corny), which sometimes implies using mutually exclusive arguments, even though nobody's going to read both applications.
That said I'm not sure what you mean by "at first I was only considering PhD programs, but now that I broke 700, I see potential in both" -- average GMAT scores are usually much higher for the PhD than the MBA, especially for fields like Finance, Accounting and Operations Management. For example (I knew I could get that info so my choice of school is not entirely random), at the University of Rochester the average GMAT score for the incoming MBA class is 675, but it's 718 for the PhD program. MBA GMAT scores are higher at the top MBA schools such as Chicago, Wharton and Stanford but PhD GMAT scores are very likely higher than 718 there as well.