Score of 640-How good it is for PhD application

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Looking for guidance from veterans in the field.

Just finished with GMAT first time and scored 640 (74th percentile). Got 83rd percentile in verbal and 50th in quant.

I am an international business professional having travelled to more than 50 countries worldwide. I have spent more than 17years in industry and currently heading a large real estate firm's sales and marketing operations in india.

I am planning to pursue PhD in Strategy - IB focus from either Richard Ivey, LBS or Indiana Kelley.

Almost all of them look for at least 75th percentile in both sections of gmat. I am not sure if this requirement can be relaxed for an unconventional candidate like me who would like to join academics leaving pritty successful career in field.

If I do not apply this time, might have to wait for another year for 2013 intake.

Please advise.
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by Jon@Admissionado » Thu Dec 15, 2011 6:46 am
Well on the one hand the 75th percentile is probably not an absolute cutoff. On the other hand, if you have waited so long, would it not be better to give it your best shot by perhaps retaking and scoring the score you need? After all a PhD, even in Strategy is designed to be academically oriented. You are intended to research and publish and teach. Now a great deal of business experience will certainly be helpful, but there are other priorities.
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