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Is this a good time to go to a business school now?

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Is this a good time to go to a business school now? [#permalink] New post 12 Apr 2010, 13:10
My profile:
Male 28 CPA
Gmat 720
BS in accounting from top 50 undergraduate US business school
good community service and volunteer experience
3 year of Hedge fund industry experience from top hedge fund company doing accounting work
2 year in real estate industry

Career Goal: Investment Banking or other finance related work

Hi Alex:

My name is David and I am deciding whether to go to business school this year and would like to get some insight from you. I started applying for MBA schools last year. After applying to Wharton and Johnson in Round 1 I decided to postpone my MBA application for a year due to the difficult economy condition. I got rejected by Wharton but accepted by Johnson with no financial aid. I feel I could have done better since I did not spend enough time on my application and did not seek any professional help. I already paid my deposit but still on the border line of whether to go this year or wait until fall and reapply for a Top 10 program. On one hand I feel that I can pull off a better application for a better business school and graduate at a time when I am more confident in securing a better job, on the other hand I am getting old and might be hard to get into a Top 10 business program (My target school is Columbia and Chicago). What is your advice?

Thanks,

David
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Re: Is this a good time to go to a business school now? [#permalink] New post 12 Apr 2010, 15:53
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Given your profile, getting into Cornell is as expected - it's a school where you have a reasonable shot of getting into.

Schools like Columbia and Chicago are going to be stretches - so if you turn down Cornell this year, you're doing so with the prospect of applying to schools where there's a decent chance you won't get in. And this assume that you've done a great job on your applications.

I would just go to Cornell - it's a good school with solid recruiting for finance. In my view it's not worth going into a holding pattern for yet another year for the nebulous prospect of getting into a slightly better school (unless you're being truly honest with yourself and see the b-school application process as not merely a career move, but a way to obtain a status symbol - and if that's the case, you have to figure out how much of your life you're willing to put on hold for the possibility of getting that status symbol). Again, you'll get good access to finance recruiting coming out of Cornell.
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Re: Is this a good time to go to a business school now?   [#permalink] 12 Apr 2010, 15:53
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