Hello everybody, until now I´ve been a passive member of this great community and I believe it’s time to jump in. Let me tell you a little bit about myself. I’m a 27 years old Mexican with a Bachelor’s in Financial Management (GPA 3.52/4) from one of the top schools in Mexico. I have 4.5 years of professional experience: 3 years in financial risk management and since last August I’ve been working in the portfolio management division for a local mutual fund management firm in which I help manage over 1.5 billion u.s. dollars. As a result of this new job I realized that I wanted to learn more about portfolio management, trading, investments in general and develop my management skills, so the logic step for me was to continue my studies and I believe an MBA is the right choice for me.
So I started preparing for the long and exhausting application process in March of 2011, when I enrolled in a gmat/admissions course. After a couple of months of taking this course and after a lot of hours of self study, I took the GMAT for the first time in June. The result was so disappointing that when I look back, I don’t know how I got such a low score… I got a dismal 480!
I felt so bad at the time but I knew that this was, to some extent, a normal situation and that a lot of people take the exam more than once. So after a short break I started studying again. I tried a different approach this time; I did every problem in the OG both math and verbal. I also got a hold of a bunch of problems that are used on a very recognized course here in Mexico City and finally I did several times the GMAT Prep exams and a couple of Manhattan Gmat
tests, scoring in the range of 600 – 700 in both tests. For the second try, I scheduled the exam for September. On test day I felt pretty sure that this time was going to be my last. I felt really good during the math section and ok in the verbal section. I really thought that I was going to good but I got a 590!
One more time I felt beat by the GMAT. Even though this score meant a 110 points jump I knew this wasn’t enough for the school that I’m aiming for. At the time I was looking to apply to Stern, Columbia, Kellogg and Haas. So with this in mind I started studying again for mi 3rd GMAT. This time I did again the OG problems, I kept doing GMAT Prep and Manhattan GMAT
exams (being aware that the scores were not that representative given the repeated problems). What I did different this time was that I went back to review basic math and verbal concepts, I gave a lot of time to reading this forum, Manhattan GMAT
tutorials and a lot of other GMAT related websites.
I did my 3rd GMAT last Saturday (May 12th) and the results where shocking! I still can´t believe what happened. After being really calmed and working through each math and verbal problem without any apparent difficulty…. I scored a horrible 550 !! I felt really disappointed, defeated and really really angry because I not only didn’t improve my last score, but I scored 40 points lower...
So, the purpose of this post is for the good people of this forum to help me shed some light on the possibilities I have given these GMAT results. I am not planning to take the GMAT a 4th time, I don’t really want to go through this exhausting process again and I feel that I’ve done everything within my power to improve my score, but I just haven’t been able to do it.
Do you think that I have any chances of getting into the schools I mentioned with this score? (590) I’ve read that sometimes it is possible to offset a low GMAT score with a proven track record in quant jobs or with good grades from respectable undergrad schools. I also got a really good TOEFL (110/120). Or, do I have to forget those options and be more realistic with my choice of business schools?
I don’t think I’ll have any problem writing good essays and getting really good recommendation letters but I’m worried that my GMAT score will outshine everything else.
I really appreciate your help and the time you took to read this long post.Rene Lopezvictoria