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Doctor going for MBA. GMAT questions! Should I retake?

Expert replies
by doctormba » Tue May 15, 2012 5:43 am
Hi guys!
I have been a silent visitor for months and wanted start off by saying thank you.
I am posting today to ask your help. I need to decide whether I need to take the GMAT again.

Background
29 years old. Indian Male. Currently in my last year of residency as an Anesthesiologist. Went to a top 10 college. Biomedical Engineering undergraduate degree. Top 25 medical school in the united states. Tons of medical/volunteering and other extracurriculars throughout college and medical school.
During residency I have held numerous leadership roles in my program and on the national level, all in Anesthesiology though. I also started some business side projects (all financial unsuccessful) but still alive today (such as numerous iphone apps, websites etc)
Stats
GMAT taken recently : 710 (V39Q49 - V87%, Q80%) overall 92%
Undergraduate GPA: Probably around 3.6

Why MBA
I desire to get into the administrative/start up medical scene or I want to improve hospital/operating room efficiency.

Goal
I will be finished with my residency in one year, June 2013, at which point I can probably get a job for around 300k/year. I would like to instead start B-school full time in Sept 2013 and hopefully work part time if possible. Because I am sacrificing a lot of money, I think I will only go to B-school if I can get into a top 5 program. I am not trying to be cocky, I am just thinking about the financial sacrifices.

Do you think my 710 is a good enough score or should I retake it. Due to my hectic work schedule, my preparation for the GMAT was limited to taking GMATprep exam 1 two days prior to the actual exam. I believe my Quant could increase if I studied since I had forgotten all basic math and was trying to derive basic formulas during the exam. However, the question is whether I need to retake it to be a competitive applicant. Unfortunately, I am already working almost 80 hours a week and it's tough to get time to study or even retake the exam.

I would also appreciate any opinions/experiences/thoughts on my desire to pursue an MBA.
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Source: — GMAT Strategy |

by dra9006 » Thu May 24, 2012 5:53 am
we're very much in the same boat. i'm finishing up my ca-2 in anesthesia, and just took the gmat last week as well. so you're finishing up ca-3? it seems like it'd be pretty tough to study for a gmat retake with the written boards coming up, but obviously you have more experience in that area than me. a 710 without studying is really unbelievable if you think about it. it seems like it might be slightly easier for us with the top business schools because we have a different story to tell, and we've already proven we can make it through a rigorous postgrad program. but at the same time, like you said, there's a lot of money left on the table if you forgo entering the job market. would you be applying for mba programs this upcoming year?

Drew
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