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Nothing at all. All it means is that you are above roughly 70% of people who have taken the test.
Admission to MBA programs abroad requires a well-rounded profile. GMAT score is just a part of it. Compare your GMAT score with the average score of your target school(s). Compare the rest of your profile to the kind of people who get through there. If your profile is lacking (in terms of number of years, or maybe leadership roles), you may need to bring your score to where it makes up for the gap in profile.
Good luck!
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