700 on GMAT but 66th Percentile on Quant - Retake?

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Hello,

I'm new to the site so I'm not 100% sure how it works but I'd love some feedback as I am on the fence here.

I just finished my first GMAT and I got a 700 (44 Q, 42 V). I am concerned with my Quant score because I was in the 66th percentile and I've read that the top programs look for a minimum score of 75th percentile. I had a bit of a snag as my proctor was unfamiliar with the sign in system and took a while to sign me in and out so my break time went over. It only cut about a minute of time off my quant section but it stressed/freaked me out, and that coupled with the fact that I took too long on a few questions caused me to run short on time and guess on the last 5 questions or so. Anyway, I'm confident if I take again I can get at least 70th (likely 75th - 80th) percentile for quant and I think I would be more in the 730+ score range, which is what I was scoring on my practice exams (740 on my last practice).

My question is, should I re-take and apply round 2 or should I go ahead and apply with my 700 round 1. My 5 schools are Harvard, Stanford, Wharton, LBS, and Columbia. I spoke briefly with someone in the HBS admissions office and she mentioned that they would not take my updated score into consideration. She also mentioned that there is little difference between round 1 and round 2, except in applicant pool, with round 1 being more consultant and banker heavy. Unfortunately I fall into this group as I am a consultant. My concern here is will schools take in most of their quota of consultants and will I be fighting against the odds to get in round 2?

Finally, a bit on my background. I have worked in data/quantitative/analytics heavy consulting for the past 3 and a half years and I have a 3.7 cumulative GPA (and a 3.9+ in Business and Economics) from Franklin and Marshall College (a top ~30 liberal arts college). Will this be enough to convince admissions committees that I can handle the rigorous quantitative course load of an MBA program, thus allowing me to apply round 1 with my 700, or should I go ahead and re-take the exam and apply in Round 2?

Thanks in advance,

J

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by Jon@Admissionado » Mon Sep 12, 2011 9:59 pm
Tough Question!
Normally I would say "be wary of practice test scores" because there's always a set of circumstances that will make you test rather differently in reality than in mock tests (such as the one you lived). If you really believe though that you could do that much better with ease, then yes, retake it. But, you might want to start on your applications anyway. A 700 may not be the highest score in the world, but it's good enough to apply with.

I also wanted to bring up a third possibility - you could also apply round 1, take the test a bit later, and inform the schools of your score after deadlines.

But this sort of decision needs to be thought out in terms of your longer term life and career strategy.
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by Jessica@VeritasPrep » Tue Sep 13, 2011 12:55 pm
While a 700 is a good score, you are applying to some very difficult/competitive schools. I think your chances are better with a 740 in R2 than a 700 in R1.

Good luck and congrats on a good score!

Jessica

PS - I applied R3 (went to Booth) so I know the schools do let people in for all rounds. Don't panic about R1 v R2!!
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by Diplomat » Wed Sep 14, 2011 3:41 am
Thanks for the feedback everyone. I am going to re-take in about a month or so and do some better prep. I found out I had done FAR less practice than most people so I think I was fairly under prepared, especially with respect to the timing factor. I've only done about 10% or so of the Official Guide problems and only did 4 practice exams as I was focusing more understanding concepts and reading/re-reading the Manhattan GMAT strategy guides.

Anyway, I'll be retaking sometime in mid-late October and applying for Round 2. Hopefully they'll have room for at least ONE more consultant!

PS - I did call HBS admissions and they said they will not accept updated scores so applying round one and sending the updated test results is, unfortunately, not a viable option.

Thanks again everyone!

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by Diplomat » Mon Dec 26, 2011 9:06 am
Hi Everyone,

Thanks again for the advice. To follow up on this this: I re-took my exam in December and under proper timing conditions my score improved to a 760 so I'm quite pleased with my decision.

Score breakdown ended up as follows:

Quant - 49 (85th percentile)
Verbal - 45 (99th percentile)


I'll try to get as many apps done as I can between now and the mid Jan deadline (likely 2 or 3). Fingers crossed...

- Jake

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by Jon@Admissionado » Tue Dec 27, 2011 4:21 am
Well done!! I'm glad it worked out for you! Now get flying with those essays!
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