I recently took my first GMAT and got a score of (715, Q86, V89, D82). I spent about 30 hours for preparation (mainly practicing).
In the exam, I got 1 mistake in Q (ended 15 minutes early), 1 mistake in V, and 8 mistakes in D. In the mock exam, the average for me was higher for Q but lower for V (I didn't expect such a high Verbal score).
My target is top MFIN programs such as Oxford/MIT. I have looked at the the conversion table and class profiles of these programs and found that the equivalent score (715 is equivalent to 760) is above average for all the programs. I have three questions. First, I heard that GMAT was like a Pass/Fail option, and a GMAT score higher than certain value would not add to the success rate of the application, is that true? Second, is 715 really equivalent to 760 of the original GMAT? Finally, should I retake?
Thanks in advance for all feedback.