Crazy to Retake a 720 GMAT?

I took the GMAT recently and scored a 720 (Q48, V40) and am now considering retaking to get a 740+. For background, I am an an American male and will have 2 years in banking and 3 years in PE upon matriculation (applying next fall).

I think that the rest of my profile (EC's, recs, etc) will be fine, but my primary concern is my GMAT. I am only interested in applying to H/S/W, Booth, Columbia, and Kellogg, where the avg scores have risen considerably over the past few years. Is it a wise investment of time to try to retake the GMAT and crack 740+?

 

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