Hi sivagmat - hate to say it but it's impossible to answer that question, nobody but the adcom can tell you if you're gonna get in (obviously, right?) but even when we give feedback on profiles on these forums, we need a lot more information in order to even start to guess as to outcomes.

To try to still be useful:

1. For an Indian applicant, a 700 isn't actually a "high" GMAT score. You should be aiming for 720 or higher; that's the average GMAT for Indians accepted to good schools. A high score doesn't guarantee you anything but a lower score can keep you out. To be clear, a 700 isn't "low" but it's not distinctive among your class of candidate. Aim high and you'll have much better chances.
2. Those scores definitely are low in this context. Your chances may go out the window with a 620 level GMAT - though it's unfair to be so black-and-white about it, since the adcoms look at EVERYTHING and the GMAT is just one component. But in your applicant pool, then a score at that level will make things very challenging (if you score that low, then we would suggest not bothering with Round 1, and instead work hard to bring the score up and submit your apps in Round 2 instead).

Round 1 is an advantage, but more important is what the schools always say: Apply when you're ready. If your GMAT score is not high enough then you're not "ready" and a Round 1 app may be a waste.

Hope that helps!
EssaySnark

Hi Sivagmat,
I would personally not worry too much about your GMAT. The GMAT score becomes progressively more important to the schools lower down in the rankings - having said that, the further you are from a solid "730-750" score, the more effort you have to put in to differentiate yourself i.e. its doable only requires more time, effort and retrospection.
Thanks,
Indradeep
Expert MBA Admissions Consulting
AGSM MBA and Management Consultant in Sydney
In India 10th to 12th July

Indradeep wrote:The GMAT score becomes progressively more important to the schools lower down in the rankings.

This is categorically untrue.

Hi mate,
That is not untrue. Let me explain what I meant. The weight age of the GMAT is much higher in lower ranked colleges as they look to recruit high GMAT scores to boost their ranking. HBS or LBS on the other hand look for diversity as their ranking determinant is less GMAT and more ratings of professors and recruitment programs not to mention the reputation the alumni enjoy.
I am happy to be corrected but this is based on my observations with students across the spectrum.
Cheers

Hi sivagmat - A solution would be to spend another year working and studying, and seeing if you can improve your score next year. I attended an excellent MBA program at Babson College in Wellesley after working at a company for 5 years. I found that this was the norm amongst many of my classmates. More work experience might be really beneficial to you.

Hi sivagmat - A solution would be to spend another year working and studying, and seeing if you can improve your score next year. I attended an excellent MBA program at Babson College in Wellesley after working at a company for 5 years. I found that this was the norm amongst many of my classmates. More work experience might be really beneficial to you.