Your timing is excellent. Because the GMAT is computer based, scores are available immediately upon completing the test. By taking the test in early summer, you give your self time to study and prepare, you leave time to retake the test if needed, and you free up the late summer to put together your applications.

You can certainly work on applications and the GMAT at the same time. Depending on your other commitments and how fast you work, you should ideally allow 3-5 months to prepare your applications.

Most applications have an optional essay or a space to discuss your grades. You can certainly use those to explain that you were in the top ten.

I cannot tell whether you are a viable candidate for these very competitive schools. You can see the level of GMAT scores needed in any of the ranking lists. No one is guaranteed admission into schools of this caliber. No matter how strong your profile, you should plan on applying to a safety school if you are determined to get your MBA. There are many highly-qualified applicants from India with strong academic and career backgrounds and high GMAT scores. The vast majority are rejected, not because they are not qualified, but because class sizes are limited. Applying to only one or two top schools is certainly a viable strategy if those are the only schools you are willing to attend. However, if you need to get a degree from the best schools that will admit you, you need to expand your target list.

Good luck,

Thank you for your wonderful advice.

I would be grateful if you could help me with the following information too.

Can a great GMAT score (720+) cover up for the low gpa?

I am presently employed full time, but is there anything I can do to make my profile look better?

Do small initiatives at my workplace count? I would not have any certificate to prove it, how would I show proof for such achievements?