take the GMAT again or not?

Here's my situation. Since I graduated early I took my GMAT and got 700 on it. I graduated with a 3.3 from a semi target (good school but certainly no ivy). I will start work with a 2nd tier bank this summer and pursue that for 2 maybe 3 years. I will try to go for business school after that. Do you think its worth it for me to try to take the GMAT again? Or if I write decent essays do you think I stand a shot at something like Harvard?

 

If you ultimate goal is to get into a Harvard / Stamford, you will have to retake them.

-------------- Either you sling crack rock or you got a wicked jump shot
 

I would re-take them if you have a significant shot at improving. If there is a 5% chance of getting it up to 750 then don't bother. However, if you do enough studying and know you can hit at least 730, I'd say go for it. There isn't much of a difference between 700 and 710 otherwise.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Id say retake and more importantly start NETWORKING at those schools. You have such a great situation right now. You have the next (4-5 not 2-3) years to do everything you need to do to get into a top 3 school. You have already started with the GMAT and 700 is a great score, but its a shade under the avg at those programs so retake. Once you get settled in at your firm, start talking to the H/W/S alumn - there should be a few at a 2nd tier.

 

Long-time lurker, first-time poster.

There is so much bad advice on here that I had to post. Take it from someone who has actually taken the gmat and gone to a top 5 b-school, a 700 is considered a great score by anyone who knows anything (b-school students, admissions and recruiters will all agree). Any incremental improvement will not significantly affect your application. Concentrate on getting good work experience, having some decent ECs and get some leadership expereince.

 

I have pretty good extracurriculars in college and good internship experience etc. But I am done with college as in I graduated in December. I am pretty sure I could it get it higher. I dunno how much higher but I couldn't finid=sh 5 questions in the math section because I hadn't done any practice tests before and had no idea about time. Bryan, is Young Leaders something you do after college? I was president of one organization and treasurer of another organization in college. Bunch of other things besides that. Bucs or anyone who knows about this, How do you network at those schools? As in how do you go about meeting people ? Besides the obvious.. (you know going to the schools and talking to the admissions people).

 
Best Response

I'm not even going to address the part about retaking the GMAT because it's just not even worth it...

As far as ECs and leadership, undergrad becomes fairly irrelevant by the time you put your application together (though it is good you have some things to put on there). See if you can start volunteering someplace you enjoy and try to get some leadership there - especially if it can help round out your story. For example I love sports and so I have volunterred at special olympics forever with increasing reposibility. Lots of people BS this part of the application, you just need some credible stuff to put on there.

As far as networking, this board is so clueless about how to actually netowrk and how it actually works in the real world. Blind networking will not pay dividends. Unless they are a heavy hitter read: significant donor), they won't help you on the admissions front. However, when it comes time to the actual interview, knowing lots of alums. may help you to emphasize your interest and enable you to speak to why you want to go to that specific school.

LOL about Bucs47's post that some H/W/S grads may be at 2nd tier banks (whatever that means anyways). One of the more clueless things I have read in a while...

 

Minus velit modi qui quia. Accusamus expedita omnis qui quo soluta fugit provident. Rerum voluptas eligendi dolor eius quia odio est.

Deleniti cum laboriosam quia ut. Totam sint impedit error omnis aspernatur. Accusantium explicabo ut consequuntur totam. Culpa minus repellat dicta. Incidunt est ex quibusdam. Recusandae rerum magni aliquam eligendi. Doloremque vel atque laudantium ut amet maxime eveniet.

Reiciendis rerum et nesciunt illo minus nesciunt commodi consequatur. Natus pariatur ducimus veritatis sed dolor. Saepe sunt corporis quia corrupti. Vero aut et excepturi nobis officia.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”