I got a score of 730. Wanted to know which schools to apply?

Done my graduation from REC and worked for three years in a manufacturing firm. Joined an IIM for a FPM (equivalent to PhD) course - studied there for 3 years could not complete - felt that i would not be able to come up with concrete research output and left.

Presently working with a group of entrepreneurs - abt 6 months. Developed a financial product and am into marketing and modifying the same.

What are the options i should be considering? I have taken courses in finance, systems and research methods. Also took a course in econometrics.

I know i wont make it to any of the top 4 or 5 institutes. Should i consider applying at Chicago, Maryland or go for lower ranked institutes. I have two fields in mind. One is Systems development because i have taken a lot of courses in the same. I have identified that for systems - Carneige Mellon, Maryland and Texas are good. Any other institute say from 10th to 15th ranked one and what are the chances of my making it there?

Another area which I am comfortable with is Finance...

Shall i try for Financial engineering course? WIll i make it at Haas berkley or Cornell - especially with 99 percentile in quants. Also can you recomment other institutes in FE with good placement record...and i dont have any experience in Finance apart from 4 courses i took at IIM and have done a bit of trading.

Eagerly waiting for your reply
Regards.
P.S.: If I get a reco from someone who is reputed and a PhD from any of the top 5, say Wharton then is it that my chances of getting admitted there increases?
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