1. You earned a good score. Congrats! Enjoy it.
2. You (based on your previuos post that I read) scored above your testing range. I'm skeptical of scores on GMAT prep when it's a retake. I think people tend to see problems they've already seen and that this inflates scores (saves time on the exams. (Note: I think taking the GMAT prep tests multiple times to get more exposure to advanced problems you have haven't seen before is a great idea. I just don't think the scores are always accurate.) You're highest score on a non-retake was 690. You scored a 700. That's a really good exam-day performance. A lot of people get nervous on exam day and score worse than their practice exams. You saved your best performance (so far) for the actual exam.
3. I don't know anything about you, but I would assume you do have the potential to score a 740. Questions to ask yourself: You seem to currently be at the 700 level; do you want to put in the work required to score a 740+? Is the time and commitment needed to do that better used on raising your score than on something else? Do you think potentially increasing your score truly strengthens your candidacy? Are you doing this more because YOU want to prove to yourself that you can get a better score or because it will help you get into the school of your choice? There are no right or wrong answers. These are just questions that you might want to ask yourself an answer honestly.
4. No one on this board can tell honestly tell you how to improve based on this post. If you decide you want to take the exam again, the best course of action (in my opinion) would be to go through practice problems and exams that you've completed. Identify the types of questions/problems that cause you troubles. From there, you can use this board to help you improve on those specific areas. I'm a huge fan of doing problems from the OG books and keeping track of how long it takes to complete each problem. If I get a problem right... but it took me two and a half minutes to answer it... then I want to know why it took me so long and how I can view the problem/concepts in a way that will help me find the correct answer faster.
Congrats! And good luck with applications (and if you choose to retake, good luck with your exam!)
Last edited by Toph@GMAT_REBOOT on Sun Oct 16, 2011 2:40 pm, edited 1 time in total.