In a b-school application you must have a broad offering of qualifications, of which the GMAT is only a portion. While your score will not be very competitive at many schools, it should be in the 80% range for some. Your GPA unfortunately does not help convince a committee you can handle the rigorous academics of business school and with only a couple of years post-MBA experience, you are left with needing to focus on your post-MBA vision and a very compelling story to pitch to the adcom for why you deserve a seat over someone else with better paper qualifications. Did you go to a top undergrad school perhaps, or take on a rigorous undergrad curriculum? Did you lead people as a manager, even if it wasn't post-college? what is your short and long term career vision? What can you bring to the table to offer classmates on your study teams? These are all questions you want to clearly think through...you need to have a clear and focused passion for why it is you are choosing business school, or they will see right through you to someone else. Put succinctly, you can make up for deficiencies in your application in some areas by hitting a home run in other areas. I think the initial reaction to your application might be "why is this person ready now for b-school?" Perhaps another couple of years experience will help you focus and also give you more time to prepare for and retake the GMAT--I would highly recommend a prep course in your case, which should help you improve your score dramatically. If you don't have the money now to retake the GMAT, how are you going to afford b-school? Hope this helps.