-I did my schooling from a small town and then prepared for my college for two years. How severally it will affect my application?
Could be good or bad depending on how you couch it. If you can make it an interesting story and use it to illustrate how it impacted you as a person, could be great.
-I hope gap of 2-3 months gap between two jobs does not hurt ? Am I correct ? Again, depends on how you explain it. If you sat on the sofa eating twinkies and watching reality TV, it won't be impressive. If you traveled, or enriched your experience somehow, could be great. See a theme developing here? Ultimately it's all in how you cast your vision and demonstrate the core elements of a good applicant in your stories, namely leadership, teamwork, innovation and maturity.
-I am aiming college from 4th to 15th rank. How realistic is the aim? I think you are wise to go for schools in this range, but be aware that you are in a big applicant pool and must take extra measures to differentiate yourself.
- Any suggestions on the split of High/Medium/Low schools? you should have a couple in each category to be safe if you have the time and patience to apply to six schools.
-I am thinking about targeting Cornell, Duke, Kellogg, Darden and Yale. Please comment on my chances there--I think these are great schools to target, but again, given that you are in a very competitive pool, you should also look for a couple a little more off the radar as a backup plan.
-Coming from highly competitive Indian male engineer pool, should I apply to only 1 or 2 schools in R1 and then rewrite the GMAT before R2 an additoinal 20 or 30 points on the GMAT will likely not make a huge difference. You have a great GMAT score and should now be focused on your applications instead. It would be far better to take that extra time to either better your R1 applications, or perhaps squeeze in another couple of schools.
- Though I was quite active in extra-curricular activities during my college days, but I have not done much since then (2007). Will the previous work will be counted or it's only the recent work that does? They will want to see that you are still involved in your community, so see if you can find some organizations or opportunities that you can impact over the next 12 months. Ideally, these activities would tie into something you've done in the past, or at least into some sort of passion you have.