Even though an "I could have done better" feeling is inevitable after any test, taking the GMAT again may not be helpful. Sometimes it is necessary to take the GMAT more than once, like when a management school asks you for more recent scores than what you have. However, unless your scores seem unusually low compared to your performance in the practice tests, or if you have not been able to perform well because of a sudden illness or similar exceptional circumstances, it’s advisable not to succumb to the temptation of repeating the test. This is because, given the nature of the test, it is unlikely that your scores can substantially improve. Retaking the GMAT is typically not beneficial unless your score is below the median score of your target school.

If you repeat the test, Your scores from all of your test dates within the last five (5) years will be reported to the programs you designate as score recipients. In any case, you cannot take the test more than once in the same calendar month, even if you have taken the test and cancelled your scores.

Examinees are permitted to take the GMAT® only once in a calendar month and only five times in a 12-month period. Thus, a candidate can take the GMAT® at the end of one month and then again at the beginning of the next month. If you score an 800 on the exam, you will be prohibited from testing for five (5) years from your exam date.

Retest Policy Appeals
Any request to take the GMAT® test more than five (5) times in a 12-month period must be submitted in writing.

Please mail all requests to:

Pearson VUE
Attention: Request for GMAT® Retest Exception
5601 Green Valley Drive
Bloomington, MN 55437
USA

What if I hope to apply to top schools but my GMAT score is below 600?
You need to take the test again. I'm not saying that you can't get into a top program -- you can. But your chances are slim.

I have a query pertaining to GMAT score. I scored 640 two months back. I again took exam thinking that i will score high. But unfortunately I scored 550. Now, please suggest that Universities will take which score. And how the last score going to impact my application. ..Bharat Vats

If you already sent your first score to respective universities, They will not come to know your second score. But If you are going to send your score now then they will come to know your both the score.
 

      GMAC Survey says that Almost a majority of candidates who retake the GMAT® do so within 60 days of the first administration. There are meaningful differences in a variety of background characteristics between one-time GMAT® test takers and candidates who take the test multiple times. Higher percentages of non-White and non-native English speakers retake the GMAT® compared to one-time-only test takers. Repeat test takers are also less likely to have finished either the Quantitative or Verbal sections and more likely to have high self-reported UGPAs relative to their GMAT® Total scaled scores. There are no meaningful differences between genders for one-time test takers and repeat test takers.

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