Hello, I am a senior student in South America, planning to apply for the MIT Mfin for the 2023 intake. I just took the GMAT Exam today and got a 710 (V42/Q45).
I have to say I am not very surprised by the overall score (I had gotten a 700 and 710 in my two free official practice tests) but I am really shocked by the distribution: on the mock tests I was usually scoring around 48 in the Quant. That really worries me, because the MIT Mfin places a lot of emphasis on the Quantative part, so I am not sure whether to retake or not.
I think I have a better-than-average profile, so wanted to know if that would be sufficient to safely say my GMAT score won't be a problem (assuming it is again mandatory, if it's not I won't submit it). My background:
-South American BBA student at a local well respected university - currently top of the class.
-Won the CEO For One Month program at Adecco for my country (against some +4000 other kids) to work with the CEO of the company for one month.
-After the CEO program got into Venture Capital as a part-time intern, for one of the biggest funds in LATAM (top quartile by AUM) where the founder is actually an MBA Sloan graduate. Currently in a 1 year internship, and expecting to receive return offer for full-time at the end of it.
-Several extracurricular activies: Research assistant and member of the business angels club at the Business School of my Uni; joined the biggest student-run finance organization in the world and in two months got to the top of it, running one of the three divisions; created the first finance club of my university and started doing research reports; TA of accounting at my uni; class representative; some other minor stuff like captain of the chess club.
-This year I am planning to create one or two charitable societies
-I am a pretty charismatic person, so I think the interview would be a booster (if invited).
So that's it. The MIT MFin is super important for me, that's why I am working towards it a year in advanced. But I also don't like to study (didn't like to prepare the GMAT at all) and my holidays end next week so if I retake would be alongside school and work.
Have been planning and working entirely on my own so far, but now would really appreciate your thoughts regarding what should I do, and what my odds are.
Thank you!
A 710 with a V42 is a fantastic score. Congratulations! However, there is still room for improvement in case of Quant. If you have time on your side, you may consider a retake. However, for a better perspective, it would be better to reach out to some admission consultants for profile evaluation. You may find this link helpful: