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I Banking to MBA

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I Banking to MBA [#permalink] New post 06 Aug 2004, 12:31
Linda,

I will have worked for 3 years as an Investment Banking analyst with a major wall street Bank when I apply for my MBA. I am targeting top schools, however my GMAT was 660 and undergraduate GPA was 3.4. I will have strong recommendations and will hold a CFA designation.

Do you think that the I-Banking experience is enough to offset my lower GMAT and GPA?

Thanks
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 [#permalink] New post 06 Aug 2004, 14:47
Hi,

A GPA of 3.4 is near the center of the distribution for many of the elite and transelite schools and thus there might not be a great need to offset it. However, this depends on the degree, the degree-granting institution, and the classes that led to low grades (if any).

Carnegie: "For students entering the MBA program in 2003, the average was 3.35."

Emory (2 yr) "Average GPA: 3.4"

Penn: "Average GPA: 3.5"

Duke: "Average undergraduate GPA 3.39"

On the other hand, the GMAT is nearly in the far left tail at several schools including Duke, Penn, and MIT.

Work experience and designations/certifications help offset lower scores and grades to some extent since they demonstrate "working knowledge" of business.

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 [#permalink] New post 07 Aug 2004, 06:03
Thanks,
What about Chicago, NYU ,and or Michigan?

Should I apply with this score (with strong essays) or should i retake the GMAT?
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 [#permalink] New post 07 Aug 2004, 07:18
Hi,

Michigan: "Our average GPA is typically in the 3.3 to 3.5 range."

Chicago: "Average Undergraduate GPA: 3.4"

NYU has an average GPA of about 3.4 as well.

You could certainly apply without retaking the exam but I would consider retaking to see if the score increases. This depends in part on whether this score was representative of your practice scores.

Hjort
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