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ricokevin
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seofah
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Cheer up ricokevin :-D 700 is a great score! although I was expecting you to score higher. I remember you were scoring higher on Powerprep when you rescheduled your exam. You have plenty of time - I'm 28 now and will be 29 by the time I expect to start my MBA. It's difficult to tell how the GMAT scene will look like for applications in 2011-12. I read an article a few days back that the number of applicants from China to the US was declining because they prefer to study in China now because of some good institutions. Not sure if something similar might happen in Korea but it'll be good for you if it were to happen :P less competition. And Your military service will set you apart from many applicants I believe. If you weren't getting these high scores on Powerprep because of repeat questions then I suggest you re-take the exam.

You guessed the last 6 questions and still got Q49 :wow that's more like the ricokevin we know. Your Verbal experience seems to be similar to tennis_ball's - underperformance for some reason. You two are obviously much better than V35. Maybe it was loss of concentration - I can't start to imagine what damage a blackout on the test can do to you. If you decide to re-take, try to keep up your energy levels up, especially when to get to the end of the Verbal. Take steroids if you need to - I don't think they are banned on the GMAT :P
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Mishari
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First, congratulations on your score .. The bottom line is: you're a member of the 7xx club :-D

If I were in your shoes, I'd take the test again. I'm 23 now so I understand your plan as it's fairly similar to mine.

If you're aiming for more than 720, then go for it. Relax for a week, then pack your stuff and start the GMAT plan again.

This time, work harder on verbal. Participate more on the verbal forum and work on the OG verbal review.

Finally, ricokevin, we all know you are a 740+ gmatter. I'm not saying you can do it, I'm sure you WILL do it. You know GMAT inside out by now. You just need to practice more to boost your confidence.
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ricokevin, I'm going to be straight and brutally honest with you. I believe that for you to take the GMAT now when you plan to apply in 2011 is a mistake. I've heard (Repeat: heard, not know) that adcom 'prefer' scores that are not more than 2 years old. Your current score in the year 2011 will be around 4 years old. I assume that the adcom will factor in the time since the GMAT for you as people's academic capablities tend to slide as they get older.

Now coming to your specific case: You are still a freshman at college at the age of 22. So when you graduate in 2009, you should be 24/25. I would suggest giving the GMAT in late 2010 (Nov, Dec) or early 2011 (by Feb) for two reasons:

1. You'll be about one year out of college and therefore still in touch with your academic abilities. Getting a competitive score should not be a problem for you.
2. You score will be less than 2 years old when you apply in 2011 and therefore ADCOM will not need to figure in age as a factor.


If I were you, instead of concentrating on retaking the GMAT, I would concentrate on strengthening the other parts of my profile (viz extra curriculars, community service, etc. ) . Then again, I am nothing but a humble applicant. So my advice has to be taken with a pinch, nay, a LOT of salt :) Hope that helped!

- Kripal
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congrats man, but I do agree with kripalkavi 2 years in advance is ok but if it's over you might loose some points
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Congrats dude.. You are on right path. GMAT score is important but definately not everything. Check out the listings on admissions 411. You will see that 700 is a decent score and chances of getting in top 10 is same as scoring 750, provided your eassys and other parts of application is good.

Since you have time before applying I would advise to start looking in building a good application. Adcoms want applicats to be different, so try to be as different as possible. Choose good projects at work, good extracirrcular activities etc.

Best Wishes!!

VJ.
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ricokevin
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Thank you all for your encouragement and advice! :-D
700 is still good, just that the goal (740+) was more challenging.

vikramjit_01, I didn't know you thought very high of me. I'm flattered. :)
Thanks.

kripalkavi, I appreciate your being straight with me. :) I should take your advice into account.

I still haven't finalized my decision of when to re-take it yet...
But for now, I'll just chill and give it some time.

I'll be around.
Happy weekends~! :-D
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