Need Advice: Waitlist & Beyond...Retake GMAT?

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Need Advice: Waitlist & Beyond...Retake GMAT?

by weven » Wed Jan 23, 2013 1:12 pm
Thought this might be a better forum area to post this:

Hi, I'm considering taking the GMAT for the 3rd time after being waitlisted for a top 15 school.

Profile:
GMAT 1st: 620 (q?, v36)
GMAT 2nd: 680 (q47, v36)
GPA: 3.28/4.00 from a state school with BS in Finance
WE: 4.5 yrs managing and operating a large family restaurant business
Intern: Merrill Lynch
Well rounded profile: study abroad, community club, etc.

Obviously the answer is yes a higher GMAT will help especially on the waitlist, but how about a lower GMAT score? I have heard that major Management consulting companies as well as IB companies look at GMAT as a component of recruiting. Is it imperative that I retake the GMAT with my current quantitative or do I have a shot at major MC & IB companies with my current profile? Is my state school undergraduate degree going to hurt enough that I need to compensate with a higher GMAT? Thanks.
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by Jim@StratusPrep » Wed Jan 23, 2013 7:39 pm
I would say give it another go.... It is not imperative that you take it, but if you get a great score it might help with the waitlist issue. I have seen it happen.
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by weven » Thu Jan 24, 2013 8:13 pm
Thanks for the reply