There is a lot to love about your profile - and I believe the extra-curriculars will help distinguish you from others in the male IT Indian applicant pool, which is MASSIVE as you are probably aware.
2 parts to this question. First, MBB GMAT threshold is 700 if you are attending a top 10 school or 720 if top 20 school.
That said, how likely is it for you to be admitted to a top 10 school with a 710. I realize that you are willing to step outside of MBB, so that is good.
As far the schools, I feel that that 20 more points would greatly enhance your viability. A lot. For Ivey you might be OK INSEAD maybe, if you really bring a lot of international experience and Ross depending upon how many other similar applicants they review.
CBS I feel is much less likely. Especially if you are applying this season - you would DEFINITELY want to apply before the ED deadline, as someone who is overrepresented with lowish scores for your profile group.
I guess one of the questions I have, do you feel that you have maxed yourself out on the GMAT? if your mocks were higher and you think that a small (small because, not a lot of time left this season) amount of incremental effort or more peak performance on test day would result in a higher score, retake. If you haven't done all you can, retake. If retaking *does not cut into the time* you have to spend on your application, retake.
If so, then focus on your application and by that I mean CV/essays/Letters/Application Boxes. Don't retake *at the expense* of doing the application well. The application is frankly rarely done well by those in your profile group and a real opportunity for you to distinguish yourself.
Also, that is what is going to get you in, not the test scores, most likely. The key is separating yourself so much that you are beyond compare to other IT Indian males with higher test scores.
Hope this helps!
Farrell
Thanks a ton Farrell for a quick feedback.
Though my GMAT score is 10-20 point less than my average GMAT prep mock test scores (took 4 of them), I wonder if I can work on my essay and prepare to retake the GMAT simultaneously considering my super hectic work schedule. ( PS: I scored a Q 51 in all my mocks but a 50 on actual test day
But if this score is going to hurt my chances I have no choice but to retake.
I don't want to over optimistic considering my application pool. But could you please suggest 3-4 appropriate colleges considering my overall profile, score and aspiration to work in MBB.
Many thanks in advance.