Find all School-related info fast with the new School-Specific MBA Forum

It is currently 22 Sep 2014, 04:21

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Profile Evaluation -- another opinion

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Manager
Manager
avatar
Status: Never give up!
Affiliations: Beta Gamma Sigma, Omicron Delta Epsilon, Toastmasters Intl, HHonors
Joined: 04 Nov 2009
Posts: 224
Location: Raleigh-Durham NC
Followers: 2

Kudos [?]: 42 [0], given: 27

GMAT Tests User
Profile Evaluation -- another opinion [#permalink] New post 29 Apr 2011, 14:05
Something I asked AlexMBAApply, but I figured it wouldn't hurt to ask you too. At this stage, it seems I don't have a prayer of getting into the schools I really want to. The boards have been very helpful in evaluating the top flight programs, and I think I have very good experiences. But it seems like my age is a huge disadvantage, even though I think I can contribute at a level on par with mid- to top-tier applicants. Admittedly due to the nature of my jobs (heavy travel) and my changing life circumstances, my leadership and community service are not on level. This has really complicated the school selection process a bit.

My questions are thereby related. Am I too old to be even realistically thinking for some of my "Dream Schools"? Could I realistically move into my desired investments / banking-related career paths if I didn't get into a "Dream School"? Are there other weaknesses that I might be overlooking in my profile?

Perhaps I should also add a bit of color to why my experience is as varied as it is. I originally started off at a Big 4 thinking I'd end up a public accountant, but after 3 years I found banking and investments more interesting. But switching to I-banking or investment management from public accounting isn't that easy, so I took a chance with a national banking regulatory agency to better understand the industry. I've since leveraged my experience with that position and finally work for a large I-bank, but in credit analysis rather than as a buy- or sell-side analyst or in investment management. Now I feel I am ready to make the intended switch to I-banking or into a PE firm / hedge fund / mutual fund.

Some more details >>

Nat:
US Citizen, South Asian descent (which I'm guessing qualifies me as "a dime a dozen")

Gender:
Male (same)

Age:
32 in September

Undergrad:
Public Mid Tier (regional state university in Northeast Ohio); GPA 4.0, Finance and Economics double major. Graduated a salutatorian. Lots of leadership experiences here (see below).

Grad:
Private Top Tier (Midwestern Catholic university); GPA 3.64, Master's of Science in Accountancy. Part of a competitive work-study program with a Big 4 firm (fully paid for, hard to get). Some leadership.

GMAT (6 years ago; will take again later this year):
660 (V: 42, Q: 38)

Work Exp:
1. 3 years, staff accountant for a Big 4 firm (during the whole SoX period)
2. 3.5 years, associate bank examiner for a major regulatory agency (during the recent housing crisis)
3. 6 months to present, credit analyst at large multinational investment bank

Certs:
1. CPA / attest (California)
2. Planning on CFA

EC: Lots during undergrad -- president of four clubs (including the umbrella business organization of all clubs), active with community service (actually did a food drive during graduation day), very good rapport with professors / deans / students. More intense grad school -- member of a committee, but otherwise working. Not much since -- first two jobs were travel jobs, so little time for community service; current job is a desk job, so more time. Now -- VP of two positions for local Toastmasters chapter, volunteer 2x/month at the local food bank.

Goals / Potential paths: Investment Banking (Bank M&A), Consulting (Banks), Investment Analysis (Financials), Investment Management / Portfolio Analysis

My school choices were based on:
1. GMAT, BusinessWeek Rankings
2. Personal preference (location, brand, class size)

Here's where I think I am (updated to reflect new info from other posts):
- Dream Schools / Little Chance: Penn/Wharton (#1 choice by far), Stanford, Chicago/Booth, NW/Kellogg, Berkeley/Haas, Columbia, MIT/Sloan
- Reach: Duke/Fuqua, UMich/Ross, UVA/Darden, UCLA/Anderson
- Better Chance: UNC/K-F, NYU/Stern, Notre Dame/Mendoza, USC/Marshall

My guess is that with a very high GMAT score (ie, >700), I at least have a shot at the Dream Schools (however remote) and a better chance at the Reach schools. But even then I may be kidding myself -- so I'm asking if these reconsidered levels for school choices / planned applications is realistic. If you have any thoughts or comments or recommendations, they will be most appreciated.

Thank you so much for your time and help in advance!
_________________

= = = = = = = = = =

If you liked my post, please consider a Kudos for me. Thanks!

Kaplan Promo CodeKnewton GMAT Discount CodesManhattan GMAT Discount Codes
Expert Post
MBA Admissions Consulting
avatar
Joined: 23 Dec 2010
Posts: 668
Followers: 13

Kudos [?]: 13 [0], given: 0

GMAT Tests User
Re: Profile Evaluation -- another opinion [#permalink] New post 05 May 2011, 03:50
Expert's post
abhattac5 wrote:
Something I asked AlexMBAApply, but I figured it wouldn't hurt to ask you too. At this stage, it seems I don't have a prayer of getting into the schools I really want to. The boards have been very helpful in evaluating the top flight programs, and I think I have very good experiences. But it seems like my age is a huge disadvantage, even though I think I can contribute at a level on par with mid- to top-tier applicants. Admittedly due to the nature of my jobs (heavy travel) and my changing life circumstances, my leadership and community service are not on level. This has really complicated the school selection process a bit.

My questions are thereby related. Am I too old to be even realistically thinking for some of my "Dream Schools"? Could I realistically move into my desired investments / banking-related career paths if I didn't get into a "Dream School"? Are there other weaknesses that I might be overlooking in my profile?

Perhaps I should also add a bit of color to why my experience is as varied as it is. I originally started off at a Big 4 thinking I'd end up a public accountant, but after 3 years I found banking and investments more interesting. But switching to I-banking or investment management from public accounting isn't that easy, so I took a chance with a national banking regulatory agency to better understand the industry. I've since leveraged my experience with that position and finally work for a large I-bank, but in credit analysis rather than as a buy- or sell-side analyst or in investment management. Now I feel I am ready to make the intended switch to I-banking or into a PE firm / hedge fund / mutual fund.

Some more details >>

Nat:
US Citizen, South Asian descent (which I'm guessing qualifies me as "a dime a dozen")

Gender:
Male (same)

Age:
32 in September

Undergrad:
Public Mid Tier (regional state university in Northeast Ohio); GPA 4.0, Finance and Economics double major. Graduated a salutatorian. Lots of leadership experiences here (see below).

Grad:
Private Top Tier (Midwestern Catholic university); GPA 3.64, Master's of Science in Accountancy. Part of a competitive work-study program with a Big 4 firm (fully paid for, hard to get). Some leadership.

GMAT (6 years ago; will take again later this year):
660 (V: 42, Q: 38)

Work Exp:
1. 3 years, staff accountant for a Big 4 firm (during the whole SoX period)
2. 3.5 years, associate bank examiner for a major regulatory agency (during the recent housing crisis)
3. 6 months to present, credit analyst at large multinational investment bank

Certs:
1. CPA / attest (California)
2. Planning on CFA

EC: Lots during undergrad -- president of four clubs (including the umbrella business organization of all clubs), active with community service (actually did a food drive during graduation day), very good rapport with professors / deans / students. More intense grad school -- member of a committee, but otherwise working. Not much since -- first two jobs were travel jobs, so little time for community service; current job is a desk job, so more time. Now -- VP of two positions for local Toastmasters chapter, volunteer 2x/month at the local food bank.

Goals / Potential paths: Investment Banking (Bank M&A), Consulting (Banks), Investment Analysis (Financials), Investment Management / Portfolio Analysis

My school choices were based on:
1. GMAT, BusinessWeek Rankings
2. Personal preference (location, brand, class size)

Here's where I think I am (updated to reflect new info from other posts):
- Dream Schools / Little Chance: Penn/Wharton (#1 choice by far), Stanford, Chicago/Booth, NW/Kellogg, Berkeley/Haas, Columbia, MIT/Sloan
- Reach: Duke/Fuqua, UMich/Ross, UVA/Darden, UCLA/Anderson
- Better Chance: UNC/K-F, NYU/Stern, Notre Dame/Mendoza, USC/Marshall

My guess is that with a very high GMAT score (ie, >700), I at least have a shot at the Dream Schools (however remote) and a better chance at the Reach schools. But even then I may be kidding myself -- so I'm asking if these reconsidered levels for school choices / planned applications is realistic. If you have any thoughts or comments or recommendations, they will be most appreciated.

Thank you so much for your time and help in advance!

Well, I don't know what Alex told you but in my opinion you do face a few obstacles:
1) your age is an issue, yes. It is less of an issue if you are willing to go to Europe - INSEAD, IMD, etc., but the US programs like to unite a relatively homogeneous group of young professionals in the classroom and release a young workforce to the recruiters.
2) your current role is somewhat a new graduate's position - you worked your tail off to make it into this position, but top grads of top undergrad programs started out as credit analysts, which pits you against 27 year olds with 4 or 5 years of experience in finance. You will have to prove that you are truly an exceptional credit analyst to win that match.
3) In addition to the traditional MBA route, you may want to consider completing the 3 levels of the CFA and networking from within the finance industry to advance instead. It is a slower and more challenging process but it may be the more achievable route for you.
_________________

Regards,
Jennifer Bloom, CPRW
jbloom@accepted.com
310-815-9553

Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog

Manager
Manager
avatar
Status: Never give up!
Affiliations: Beta Gamma Sigma, Omicron Delta Epsilon, Toastmasters Intl, HHonors
Joined: 04 Nov 2009
Posts: 224
Location: Raleigh-Durham NC
Followers: 2

Kudos [?]: 42 [0], given: 27

GMAT Tests User
Re: Profile Evaluation -- another opinion [#permalink] New post 05 May 2011, 05:19
Your advice is much appreciated. Thank you very much!
_________________

= = = = = = = = = =

If you liked my post, please consider a Kudos for me. Thanks!

Expert Post
MBA Admissions Consulting
avatar
Joined: 23 Dec 2010
Posts: 668
Followers: 13

Kudos [?]: 13 [0], given: 0

GMAT Tests User
Re: Profile Evaluation -- another opinion [#permalink] New post 05 May 2011, 13:25
Expert's post
abhattac5 wrote:
Your advice is much appreciated. Thank you very much!

I should also have mentioned that your chances of acceptance to an MBA program are higher if you apply than if you don't! It's always worth trying to gain a spot in one of the programs and you do stand a chance since your story is a personal one of ambition and unrelenting pursuit of the field you love.
_________________

Regards,
Jennifer Bloom, CPRW
jbloom@accepted.com
310-815-9553

Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog

Manager
Manager
avatar
Status: Never give up!
Affiliations: Beta Gamma Sigma, Omicron Delta Epsilon, Toastmasters Intl, HHonors
Joined: 04 Nov 2009
Posts: 224
Location: Raleigh-Durham NC
Followers: 2

Kudos [?]: 42 [0], given: 27

GMAT Tests User
Re: Profile Evaluation -- another opinion [#permalink] New post 05 May 2011, 13:47
How very true: "You can't win the game if you don't even play." And you're right about that: it's been a struggle to get here, but it will only be worth it if I don't give up. Sure, there is no guarantee that one gets 100% even if they try their darndest at something. But some people do achieve their goal of getting into a top program despite many odds, so it can't be impossible even if difficult.

Anyway, that's the only thing you can do in the end right? Keep trying. Keep improving. Keep moving forward. Keep the eyes on the prize.

Thank you very much again -- this time for the inspiration :-)


jenniferbloom wrote:
abhattac5 wrote:
Your advice is much appreciated. Thank you very much!

I should also have mentioned that your chances of acceptance to an MBA program are higher if you apply than if you don't! It's always worth trying to gain a spot in one of the programs and you do stand a chance since your story is a personal one of ambition and unrelenting pursuit of the field you love.

_________________

= = = = = = = = = =

If you liked my post, please consider a Kudos for me. Thanks!

Expert Post
MBA Admissions Consulting
avatar
Joined: 23 Dec 2010
Posts: 668
Followers: 13

Kudos [?]: 13 [0], given: 0

GMAT Tests User
Re: Profile Evaluation -- another opinion [#permalink] New post 11 May 2011, 03:14
Expert's post
anstance5 wrote:
How very true: "You can't win the game if you don't even play." And you're right about that: it's been a struggle to get here, but it will only be worth it if I don't give up. Sure, there is no guarantee that one gets 100% even if they try their darndest at something. But some people do achieve their goal of getting into a top program despite many odds, so it can't be impossible even if difficult.

Anyway, that's the only thing you can do in the end right? Keep trying. Keep improving. Keep moving forward. Keep the eyes on the prize.

Thank you very much again -- this time for the inspiration :-)

That's what I'm here for ;-)
_________________

Regards,
Jennifer Bloom, CPRW
jbloom@accepted.com
310-815-9553

Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog

    Similar topics Author Replies Last post
Similar
Topics:
1 Experts publish their posts in the topic Profile Evaluation -- another opinion anstance5 2 29 Apr 2011, 14:03
Profile Evaluation and opinion hisoka 3 04 Jan 2009, 18:55
Experts publish their posts in the topic Yet another profile evaluation Paradosso 3 09 Jul 2008, 06:13
Another Profile Evaluation Request.. MaverickSam 4 11 Aug 2007, 01:52
another profile evaluation Lorenzino 7 09 Mar 2007, 19:36
Display posts from previous: Sort by

Profile Evaluation -- another opinion

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.