Your friend has a very interesting profile! I'd say her professional experience is quite strong and that her extracurricular activities are also strong. There are two big concerns I see with her profile: 1) As you're already aware, her GMAT score is quite low for her target programs, and 2) She's already earned two Masters degrees. She'll want to be very careful not to come across as a "degree-hunter." The question is, given her past experience and the fact that she already has a Masters in Finance, does she really need an MBA to reach her goal? She will have to have a very strong answer to that question for the admissions committee.
She'll definitely need to raise her GMAT score (or try for GRE) given her ambitious school targets. Best of luck to your friend!
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