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Career Goal and Admission Advice.

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Author Message
Manager
Manager
avatar
Status: Sick of Refreshing Email
Joined: 10 Mar 2011
Posts: 100
Location: United States (TX)
Concentration: Finance, Economics
GMAT 1: 690 Q48 V35
GMAT 2: 690 Q50 V33
GMAT 3: 730 Q50 V39
GPA: 3.6
WE: Information Technology (Consulting)
Followers: 1

Kudos [?]: 25 [0], given: 3

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Career Goal and Admission Advice. [#permalink] New post 16 Nov 2011, 11:50
Hi Stacy,

I gave my GMAT recently and scored 690 (48 Q and 37 V). I need some advice about the direction I need to take from here on. I am confused with this score.

Quick brief -

I am an IT consultant from India ( I know:(). I had 3.6 GPA in undergrad and did my MS from Wayne State University with GPA of 3.3.

I have been working for over 5 years now and I enjoy my job. I like to lead from the front and I am ready to solve any problem thrown at me. I have strong recos from my current and previous bosses who themselves went to MIT and Univ of Wisconsin @ Madison respectively, if that helps at all.

But in last 3-4 years I have developed a new passion and I want to make it my profession. I have almost been working 14-16 hours a day (actual job and parallely pursuing my passion) since last few years. I am very passionate about investment management/equity research.

I want to make a career switch to investment/asset management. For this reason going to university below top 15 is not an option for me. I read books after books on investments and I enjoy going through company reports. I have my own little software to calculate the fair value of a company and I worked on programs to generate buy and sell signals based on some 70 odd technical and fundamental rules . Last year I came across some IB interview questions from UT Austin and was able to answer more than 60% of questions by the bank. I have never ever felt such clarity of goal and direction in life as in last few years. I have started envisioning myself as a portfolio manager in 10 years time.

I single handedly launched a website for mutual funds that is and will be shortly doing so for stocks. This is non profit website for people who cant afford professional service.
http://www.mutualfundsforfuture.com/


I have been maintaining few portfolios since three years. In fact I plan on opening a company down the line that will provide a similar service but will be far more detailed.
http://socialize.morningstar.com/NewSocialize/PortfolioSharing/SharedPortfolioSnapshot.aspx?q=BC40CC613C939B0C

Sometimes I feel that I am born to this.

On personal front I enjoying running marathons (I have couple of half marathons under my belt and am planning on a full next year) and I play a bit of guitar.

But the bottom line - Is 690 enough for career switch? Should I take my GMAT again?

I really need you advice.

Thanks
Sumeet
_________________

Thanks
Sumeet
www.midasreturns.wordpress.com

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Expert Post
Stacy Blackman Representative
User avatar
Joined: 03 Nov 2010
Posts: 1295
Location: Los Angeles, CA
Followers: 22

Kudos [?]: 60 [0], given: 0

GMAT Tests User
Re: Career Goal and Admission Advice. [#permalink] New post 17 Nov 2011, 15:57
Expert's post
Hi Sumeet,

If you feel you can improve your GMAT score by 30+ points, I recommend you take the GMAT again. Your GMAT score is self-reported on your application, so admissions teams will only focus on your highest score. There isn't a downside to taking the test again, other than the time and money spent. Particularly if you aiming for top economic/finance programs such as Chicago Booth, etc., many of these schools have average GMAT scores of 720+.

I also recommend you read this case study of an Indian applicant who was accepted into Columbia, Tuck, and MIT:

http://www.stacyblackman.com/comprehens ... ies/case2/


Cheers,

Conrad and the Stacy Blackman Team
_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

Manager
Manager
avatar
Status: Sick of Refreshing Email
Joined: 10 Mar 2011
Posts: 100
Location: United States (TX)
Concentration: Finance, Economics
GMAT 1: 690 Q48 V35
GMAT 2: 690 Q50 V33
GMAT 3: 730 Q50 V39
GPA: 3.6
WE: Information Technology (Consulting)
Followers: 1

Kudos [?]: 25 [0], given: 3

GMAT ToolKit User Reviews Badge
Re: Career Goal and Admission Advice. [#permalink] New post 20 Nov 2011, 00:11
Thanks for reply. I definitiely plan on a GMAT retake.

But I have one last question - What are the chances or getting in schools such as Duke, Carnegie and UT AUstin with this profile and score?

Apart from this mutual fund website I mentioned above, I am also going to open stock based investing site soon. The ultimate goal is to make them a full fledged equity portfolio management service. But honestly will this initaitive make any impact on my application? I am asking this questuion because I am at crossroads -I dont know if I should restart my GMAT prep or work on the website/company?

Once again I appreciate your reply.

Thanks
Sumeet
_________________

Thanks
Sumeet
www.midasreturns.wordpress.com

Expert Post
Stacy Blackman Representative
User avatar
Joined: 03 Nov 2010
Posts: 1295
Location: Los Angeles, CA
Followers: 22

Kudos [?]: 60 [0], given: 0

GMAT Tests User
Re: Career Goal and Admission Advice. [#permalink] New post 21 Nov 2011, 20:16
Expert's post
Hi vatsas,

Unfortunately I cannot predict two large factors, your personal essays and your recommendations, so it is difficult to discern your chances of acceptance. From the information I have about you, your GMAT score is ~20 points below the average GMAT scores of the schools you are looking at. Top MBA programs do like to see candidates have a score of at least a 700.


Best,

Conrad and the Stacy Blackman Team
_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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