Hi anksm22,

You are allowed to take the GMAT up to 5 times within a 12-month period, but you must wait 31 days before taking the Test again. So it is possible to take the GMAT in October and November.

Most Business Schools have 3 application rounds, although there are exceptions (some schools have 4 rounds or "rolling admissions" while certain specialty programs might have just 1 round), so you have to do some research into the schools that you're interested in and find out the specifics for each. In general, Round 1 deadlines are usually in October, Round 2 deadlines are in December/January and Round 3 deadlines are in February/March.

GMAT assassins aren't born, they're made,
Rich

Hi anksm22,

I responded to your other post here:

https://www.beatthegmat.com/gmat-in-4-days-t279962.html

Since you have some additional questions in this post, I'll do my best to provide some perspective.

Individual scholarships will each have their own requirements, deadlines, etc.; to acquire the information you're looking for, you'll have to do the necessary research (and perhaps contact whoever grants the scholarship with any questions you have).

While many applicants want to apply for Round 1, there's nothing wrong with applying for Round 2. The key issue is that you have one shot at a "first impression", so whenever you choose to apply, you want your application to be as amazing as possible. Business Schools know that some amazing applicants will apply in the later rounds, which is why there are always spots available (although the later Rounds usually have fewer open spots than the earlier ones).

GMAT assassins aren't born, they're made,
Rich

Hi anksm22,

You have to define the REAL goal in this process:

1) If the goal is to make the Round 1 deadline, then you still can (but you might not get into your first choice school).
2) If your goal is to get a scholarship, then you have to determine if there's some flexibility in terms of which school you attend (since some schools might give you a scholarship while others might not).
3) If the goal is to get accepted at a particular school, then the deadlines do not matter and you have to do everything in your power to put together an amazing application (regardless of when you apply).

Once you've defined the goal, then you can look at the deadlines and plan your schedule accordingly. If you want to retest after your October 7th exam, then you could probably take the GMAT 2 more times before most Round 2 deadlines. You would probably have to invest in some new GMAT resources and learn to approach the Test with some new tactics though.

GMAT assassins aren't born, they're made,
Rich