The higher you score in the GMAT, the better your chances of getting accepted into an MBA program. There is no exception to this. Now that we have that out of the way, the question of retaking the GMAT depends on a variety of factors. It depends on your current score, the schools you’re applying to, their deadlines, your profile, or a combination of these. It also depends on whether you have the inclination and the time.
If you’ve scored anything above 700, you should be in a reasonably good position when applying to most of the MBA programs globally. You may still want to score higher, especially if you’ve set your sights on the top business schools. While a score of 620 or lower may not leave you with much choice but to retake the exam, a score in between these two numbers could work but would probably limit the scope of your school selection.
If business school deadlines are approaching fast, you need to figure out if you can manage to take the GMAT between completing the applications and any other commitments you may have. If the deadlines are for earlier rounds, you can consider postponing your application to subsequent rounds. The best course of action though is to take the GMAT as early in the application process as possible to leave ample time for retaking it, if necessary.
Your profile can also serve as an important factor when it comes to retaking the GMAT. If you have a lower GPA or your work experience isn’t as strong as you would have liked, a high GMAT score may play a decisive role. While you can’t alter most elements of your application, the GMAT score is something that can be improved. In such situations, it may be a wise thing to consider retaking the GMAT to compensate for the weaknesses.
The decision to retake the GMAT often depends on multiple factors. For instance, a score of 640 coupled with work experience of only two years and fast approaching deadlines is not an ideal position to be in. In such situations, it is necessary for MBA aspirants to introspect honestly on whether it truly makes sense to apply for that particular intake. It could be prudent to apply after a year with a stronger application.
GMAT scores are often given significant weightage when it comes to scholarships.Hence, even if your GMAT score can comfortably take you across the finish line, it may still be a good idea to aim for a higher score. As such, the decision to retake the GMAT is dependent on multiple factors, which at times may force you to make tough decisions. However, as we’ve already seen, it may well be worth the extra effort.
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