I see. Thanks for your input jcc.
I got 167 then retook to get 170. I don't think it made my profile any better tbh. I guess if you have time & money and are certain about getting better score, then go ahead. Just so you know, I know someone who got into top 5 Econ PhD program with the exact same GRE as your current score. Imho, 167 quant is enough to be above the cutoff, and as long as you are above 50 pctile for verbal and writing, you should be fine.
I took the GRE once and scored 167Q. I never took it again. I applied mainly to top 15, and was accepted at UCLA only and wait-listed at UCSD. I agree with the general advice that if its basically zero cost to you (ie you have the money and don't need to study or have plenty of time to study) then re-take. If not, don't worry about it, particularly if your goal is 15-40 not top 15.
If admissions criteria were based solely on preparation for graduate econ research, then undergrad econometrics rather than real analysis would probably be the most important course. But undergrad econometrics is not reliable for signaling intelligence.
Based on my recent score report, 167Q is the 91st percentile (170Q is the 96th percentile). Stanford’s website says “If you do not score in at least the 92nd percentile on the quantitative section, we recommend that you re-take the exam and try to improve your score”
My reading of this info is that if you’re aiming for the top 5 programs and you still have time before applications are due, it may make sense to retake, especially since you only have to send in your best score.
University admissions websites are often written by admins or assistants who don't have a role in departmental admissions. "score in ...x percentile" isn't even a well-defined statement for discrete scores; 167 spans 92th to 95th.
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