chintamani
Thanks a lot for your response, faro.
Just noticed that despite a score of 730, you retook GMAT? Any specific reason why you did that?
A few different reasons. Here it is from my debrief, but the clincher was really the 80/80 rule:
1) I knew I could do better. My practice tests, taken after a long day at work, were consistently Q48-50. I didn't submit the last question on the actual GMAT, and I think that hurt me. If I had taken the test again immediately after, I probably would have done better on the quant part. The verbal was just above my practice ranges (~44).
2) I'd like to do consulting after my MBA. I came across information that firms look, not only at your total GMAT score, but also at your quantitative breakdown. I remember a specific article noting that quantitative scores correlate greatest with future success as a consultant, given the measure of your analytic abilities.
My 44 in quant is a 66th percentile. Not bad, but nothing special either. Especially if I'm shooting for top firms. If I was serious about consulting, I didn't want something that I can actively change be a hindrance. And if I'm going to retake for recruiting purposes anyway, I might as well have it benefit my bschool applications, too.
3) The 80/80 percentile rule. Admissions counselors gave me a "politically correct" answer when I asked whether they recommend retaking. I eventually came across the "80/80" rule that has been discussed here and there - that the top schools are looking for a minimum of 80th percentile on both the Quant AND Verbal section. This was corroborated by an admissions consultant who suggested I retake if I know I can bring that score up.
4) I'm "poor". I'm not only trying to get into a top school, but I'm also trying to get scholarships/fellowships/financial assistance there. Some scholarships and fellowships take GMAT score into consideration.
5) I wasn't alone. A friend of mine from undergrad took the GMATs for the first time a couple days after me. He got a 710 and was set on retaking. It was one of those situations where you're more likely to go to the gym if you have a friend going as well. We didn't take it together, but just having someone else going through the same thing helps. In fact, had it not been for him, I probably wouldn't have registered to retake in time since it wasn't high on my priority list.