Well, another thing to consider is that if you have a higher GMAT, you can also have a shot at getting a scholarship.

The question is then: What's more important to you? Getting in earlier? Going to a better school?

I mean, if you have done a half-assed job, why settle for that? Shouldn't you retake?

You COULD of course apply now and see what happens, if it's better for you to go earlier. And then if it doesn't work out, try again next year with a higher GMAT...

Let me know your thoughts, dude,

Best,
JF

Hang in there, buddy! Don't be so hard on yourself. Sure, it sounds like there is room for improvement. At this stage, you may be better off shifting focus back to the GMAT and really committing to nailing that higher score. Put a plan together with milestones between now and the next application cycle and get to work. Now, that said, a 590 GMAT isn't guaranteed to rule you out of contention - it really depends on how spectacular other aspects of your application are. But it doesn't put you in a great position either and I think you know that. All things considered, I think waiting, refocusing, and applying next year makes a lot more sense when it comes time to cranking through the application.

Hope this helps!

Bhavik