Eval - Top US University, Strategy Consultant, 730 GMATs

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GMAT Score:730
Hi Forum -

I completed my first official attempt at the GMATs this afternoon after what seems like a lifetime of worrying, 8 months of studying, 3 weeks of cramming, and one very nerve-racking examination session.

The numbers:
  • AWA: Unsure - haven't received score yet
  • Quantitative: 50 (93%)
  • Verbal: 38 {83%)
  • Total: 730 (96%)
My practice exams, primarily off of Knewton, were in the high 600s/low 700s but I am easily dissuaded to not be very focused when I'm not doing it for real

My brief background:
  • College education: Graduated 2008 from one of the top 3 US universities with double major in Mathematics and Management
  • Work experience: Strategy and management consulting at start-up firm; leading delivery teams, guiding financial institutions to new levels of profitability, from market sizing to deep-dive analysis, to implementation
  • Extracurriculars: Various, including founder of NYC-based entrepreneurship forum, lead for college alumni interview, marketing lead for non-profit organization
My question:
I want to apply to the top US MBA programs (Harvard, Wharton, Stanford) and a few others (Columbia, Sloan). Should I retake my GMATs? I am concerned that my slightly lower Verbal score (if the scaled score is low, is the percentile score at least decent?) will hurt my chances.

I feel there would be opportunity for upside in my grade - I didn't time my math section well and ended up guessing (probably correctly) for the last two questions, and I panicked on the verbal section to the point of spending over 15 minutes on one RC passage, and subsequently, having to rush through the rest of the test to finish on time. I feel that the next time I take it, I would have a better grasp of my nerves, but still am at th whim of the luck of the draw.

I don't love the idea of spending more time studying for the exam as it's taken a lot out of me already, and I believe that although I could possibly see an upside of 20 points, it would be difficult to see an upside of more than that. However, that being said, I will do what needs to be done.

How does my application look compared to others? How are my chances? Should I invest another 4 weeks studying and retake my exam? Do people typically do better/worse on their second exam compared to the first?

Thanks in advance for your responses - could definitely use the vast experience of the Community here.
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by Tani » Fri Apr 08, 2011 9:19 pm
Hi,

Most applicants who score over 700 on their first try score lower the second time. Plus, your score is very strong. Particularly given that your actual score was higher than your practice attempts, I would not recommend retaking. You would be better off focusing on snagging great recommendations and putting together killer essays.

You want to be sure to distinguish yourself from all the bright young things coming out of top colleges. Your startup experiences and the entrepreneurship forum you set up should provide much material for interesting and memorable essays. I always tell my applicants to picture the admissions committee sitting around discussing your application. "What about Joe?" "Who's Joe?" "The one who went to Princeton and is interested in finance and has great recommendations from his boss." "Which one of the 200 who went to Princeton and are interested in finance and have great recommendations from their bosses?" You need to break out of that and present yourself as someone who can bring something new and different to the classroom and the business world.

Good luck,
Tani Wolff