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Evaluation Request -- Good GMAT, troubling work exp.

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Intern
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Joined: 29 Nov 2009
Posts: 9
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Evaluation Request -- Good GMAT, troubling work exp. [#permalink] New post 16 Sep 2010, 03:22
I'm beginning the process of trying to determine what business school is the right fit for me and where I can get in. I am hoping the more knowledgeable people in this community can help guide me.

Relevant stats:
Undergrad: Top 20 school (U.S.) GPA: 3.35
Law School: Top 5 school (U.S.) GPA: 3.25 (top half of class)

GMAT: 760 (I forget the exact breakdown, both verbal and math were above 90th percentile)

Interesting Extracurriculars: 12 years of fairly involved volunteer experience, CFA level I
Other relevant info: Canadian citizen, white male, grew up in Asia

After law school I worked as a big firm attorney for almost two years in the corporate department. Got laid off when 15% of my firm got cut. Since then, I have been teaching. Not only is the legal economy challenging, I am also looking forward to finding a job where the totality of my value does not equal the number of hours I work or, more relevantly, say I work.

I paid a consultant for a meeting and he told me I had no chance at a top 5 school because of the relative lack of work experience. So my question is, if I want to go into finance, what schools should I target? Any recommendations for reaches/probables/safeties? I am also interested in non-U.S. business schools.
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Joined: 22 Dec 2009
Posts: 108
Location: United States
Concentration: Entrepreneurship, Finance
Schools: Babson '15, HKU '15
WE: Consulting (Accounting)
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Re: Evaluation Request -- Good GMAT, troubling work exp. [#permalink] New post 16 Sep 2010, 11:35
Your GMAT above the averages for all the top 5 schools in the U.S. you're probably around the upper 20-25 % in terms of GMAT score ranking. Your undergraduate GPA is a bit modest, but by no means a show-stopper you're well within the middle 80% for all top 5 schools. Overall GMAT and GPA look fine to me.

Now lets move on to the rest of your application; b-schools typically prefer candidates who've shown an upward career trajectory and they like to see promotions, awards and excellent recommendation letters from your previous supervisors. If you're able to show in essence that you were doing your best, given that its a real tough time in the industry and unfortunately you were on the wrong side of the cut, but you have the tenacity and all the ingredients for a successful career in Finance. I am sure that you'll be able to write excellent essays and present your case well to adcom.

Bottom line : I disagree with your consultant, tell your story and write it as well as you can and you never know.

Top schools for Finance - If you're targeting a specific area in Finance do let me know.

What used to be investment Banks cluster around the following schools :

Reach schools ( I would suggest you to select about 2-3 reach schools ):
Wharton
Columbia
Chicago
Harvard
INSEAD

Probable :
NYU
LBS (non US)


Safety schools (Investment Banks don't recruit that much from these schools)
HEC (non US)
Tepper CMU
Re: Evaluation Request -- Good GMAT, troubling work exp.   [#permalink] 16 Sep 2010, 11:35
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