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merlincow
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True that! :) But the point is that your GMAT score is good enough. 20 or even 50 points more will not magically get you accepted. A great application might though. If we were in March or even May, sure retake. What do you have to lose? But now, you want to get in a great application in R1, and retaking the GMAT would not, IMHO be a wise step.
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True that! :) But the point is that your GMAT score is good enough. 20 or even 50 points more will not magically get you accepted. A great application might though. If we were in March or even May, sure retake. What do you have to lose? But now, you want to get in a great application in R1, and retaking the GMAT would not, IMHO be a wise step.
There is one more reason, why I should retake GMAT, as suggested by one of consultants.
He mentioned that it would help improve my chances of getting a scholarship but from what i have read at schools' sites & forums scholarship depends only on candidate's financial position and not on academic performance. So, I don't think better GMAT scores translate into higher chances of scholarship among the other admits. Please comment if it is not the case, and scholarships provided by other institutions, apart from the school admitted to, also depend on GMAT score.
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It depends on the school and the scholarship. There are essentially three types of scholarships out there 1. Merit based 2. Need-based 3. a mix of merit and need based.

So if the scholarship is merit-based, then yes, the GMAT could affect it. But again, everything is relative. If we are talking about merit-based scholarships, then the scholarships are a tool the school uses to make their admission more enticing, in the hopes that you will choose them (meaning you have a very exciting profile and they want you!) And yes, the GMAT affects this, but it's not the only factor.