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Is this correct?

Wordle 490 4/6
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Subject Expert
Yes retake if not URM. Scholarship often correlated to gmat (no clue why)
Depends on the rest of your application. I agree about only wanting to go somewhere with a lot of funding to back me, especially as we enter a questionable job market. If I were you I would retake the GMAT regardless and take a good look at your work & volunteer experience and see where you stand