Scored dropped from 750 practice to 650 real thing (help!)

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I studied extremely hard for the GMAT for 4 months. My roommates thought I was psychotic, studying every day after work and more on weekends. I did great in practice, but scored way below where I need to be on the real thing. My last 4 practice test scores are as follows. I did these tests under real testing conditions (AWA too!):

MGMAT #5 710
MGMAT #6 720
GMATprep #1 (I think that's what it's called. I'm talking about the "official" gmat practice tests) 710
GMATprep #2 750

Then on the real test (one week after the 750 practice test), I scored 650. I won't even consider applying to bschool with below 700, and I really need 720 to have a good shot of getting in. Does anyone have advice? Have any GMAT teachers seen this before?

I think the reason for my poor performance might be test anxiety. On test day, I left my passport at home and had to wake up early to drive from my boyfriend's house back home. I was rushed, and barely made it to my appt 5 minutes early. I felt panicky instead of confident. Instead of letting my adrenaline keep me motivated through the test, I just felt seriously burnt out and couldn't wait for it to be over even though I knew I was blowing it. Part of me thinks I should take a month and a half break (I tested Dec 10, and I'm still burnt out) then spend a month studying and try again. Another part of me thinks I need to shell out $2,000 to the GMAT guru in San Fran for private tutoring. I would greatly appreciate anyone and everyone's advice!
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GMAT Score:750

by Random Wok » Wed Dec 29, 2010 4:11 am
Based on your score history, I would think that your test experience was a fluke and that you can definitely break 700.

For me, I definitely had a stressful beginning to G-DAY, but I arrived almost an hour early and had time to calm my nerves before walking into the test. It's extremely important to keep a level head and focus throughout the test. I know from my practice tests that the "I just want to finish this" feeling can kill your score.

I wouldn't recommend a private tutor because I think you don't necessarily need to learn new concepts, just practice in a simulated test taking environment. I think MGMAT and Kaplan allow you to purchase "live" simulations, but I'm not sure.

Regarding the break, I also wouldn't recommend relaxing for too long. It's amazing how quickly GMAT concepts will leave your head once you stop practicing. (I took the GMAT two months ago, and wouldn't even know where to start with some of the quant problems I see now) I would say just keep practicing in light of this disappointment and take the test again as soon as you can. Based on your practice test performances, you know the 700 is achievable.

Best of Luck,
Mark