Can you name what kind of good colleges you are looking for? And is that IT experience?

I think that you should retake your GMAT. You are not that far behind the GMAT average for very good schools such as Babson College, Notre Dame, Tulane and such. If you are frustrated and don't want to take the GMAT again, I would focus on European Business Schools which can accept lower GMAT scores if you have a well rounded profile (work experience, good grades, reference letters, etc.). Nonetheless, my advice is to retake the GMAT and aim for a 640 - 650 which can get you into very good schools in the US. Not the best, but good enough for a solid MBA. Keep your chin up!

I know how you feel since I had to take the GMAT 4 times. In my first attempt I got a 450, in my second attempt a 500, in my third attempt a 570 and in my last and final (thank God!) I got a 640. This was sufficient for me to gain admission at Mannheim Business School in Germany. Don't let the GMAT break you and just take it with a very strategic and philosophical approach. Besides, it is just a test.

Vineeshp Yes experience is in IT only I am looking for collages for finance / IT management.
@Costaria Thanks alot your post ease my mind will decide on retaking it as well but also I was willing do MBA asap......