I was wondering if I could get some frank advice regarding my admission prospects. Here is my current profile:
Undergrad: Gold Medalist from a mid-ranked Canadian business program
GMAT: 770 Q51 V44... don't have the essay mark back yet (just wrote the GMAT yesterday)
Work Experience: None... just graduated, but will be pursuing the Chartered Accountant designation at a large CA Firm
Extracurriculars: Two club executive positions during undergrad and commissioned a charity with the aim to provide free tax consulting to low-income families
Prospective Schools: Ivy League business schools, MIT, Northwestern, and Oxford
Since I currently do not have any work experience, I was wondering whether I should apply after two years, or three years of full time work. Also, I recently read that the "Next Generation" GMAT would be coming out June 2012; would this pose any complications when I apply to MBA programs? I am worried that I will have to rewrite the GMAT, which will make my current GMAT efforts all for nought. Thanks!
Some schools (like HBS, Stanford, Wharton, Chicago) welcome "early career applicants." Others (Haas, Kellogg, Oxford, Tuck) prefer more experience. If you apply after two years, aim for the programs that are more open to younger MBA applicants
. If you really want to attend a program that wants more experience, wait 3 years.
I haven't heard yet how long schools will accept the current GMAT. We will have to wait for a definitive answer. I doubt that the schools will insist all applicants in 2012 take the new GMAT. I anticipate the old version will be accepted for up to five years.
Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools
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