Waitlisted at an M7. Was considering retaking the GMAT FE - scored 705 (98 %ile) but have scored between 735 and 765 on practice exams. Would this be a colossal waste of time?

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Feel like your time might be better spent on other bits of the application given its unlikely your GMAT was the limiting factor

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If you have nothing else to do, might reapply next year, and/or are very determined to get into the best mba program possible, why not?

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