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

It is currently 22 Dec 2014, 14:02

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 - Wait an extra year to apply?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 06 Oct 2011
Posts: 18
Followers: 0

Kudos [?]: 2 [0], given: 0

Profile Evaluation - Wait an extra year to apply? [#permalink] New post 06 Oct 2011, 06:50
Hi Alex - your advice is much appreciated. I'm considering applying next Fall (2012) for matriculation in 2013.

26 years old, Caucasian male.

GMAT: 710 [92%] (48Q [82%] , ~40V [92%] (give or take, can't exactly remember at the moment) and 6.0 AWA

GPA: 3.54 from a small, mid-tier private college, Finance major, Accounting minor, closer to a 3.75-3.8 in last two years. Full academic scholarship, liberal arts honors program, business honors society.

Work Experience: ~3 years thus far, ~4 years by the time I apply next year (unless I wait another year). 2.5 years as a Consultant at a software company catering to the investment industry, including two promotions and specialty work in buy-side quantitative analysis. All were client-facing positions, primarily with investment management firms (this was much more of a finance job than an IT/software job).
.5 years (would be >1 year by the time I apply) in my current role in equity research at a mid-size sell-side firm with a good reputation. Differentiating spin - I joined as the first associate on a brand new sector coverage launch for the firm - akin to building a business, added responsibility, etc.

Additional/EC: CFA Level III candidate, hoping to receive charter next summer, in time for applications
co-founded my college's first Investment Club while in UG, held a leadership role
Limited post-graduate EC, but I'm currently working on that (I plan on gaining meaningful involvement in two particular organizations within the next month).

Target Schools: 1) Booth 2) CBS 3) Sloan 4) Haas 5) Ross 6) Stern. Outside of those I would consider Johnson, Fuqua, Anderson.

Goal: Finance concentration, possibly to pursue IM/HF post-MBA, but also interested in tech/media entrepreneurship (my research coverage is in the media industry, plus I have the prior work experience at a software firm)

My perceived strengths: success in my professional career thus far. I had a very good reputation at my past firm and I know I can get at least one good Rec to show for it. Solid academic record, proven quantitative ability (between CFA, work experience, GMAT). Demonstrated dedication to career pursuits (CFA).

My concerns: my stats/background aren't impressive enough. My GPA/GMAT are about average for my target schools, but I feel as though I'm lacking a differentiating factor that would overcome this. I'm working on developing a more well-rounded story (my ECs are currently limited). An unfortunate dilemma is that much of my time post-UG has by necessity been spent obtaining the CFA designation, which I hear holds little value in the MBA admissions process. If things go according to plan I'll be able to add some ECs soon, giving me ~ 1 year of involvement with these organizations before applying next fall.

Question: Do I stand a realistic chance at these schools, and would I stand a greater chance if I spent another year "building my story"? This would involve a longer history of post-UG EC involvement, an additional year or work experience in research, totaling ~5 years of work experience post-UG by time of application.

I would prefer applying next year as I would rather get my MBA finished sooner rather than later, but if my chances would increase at a top-10 school if I wait an additional year then I'd be willing to do so.

Thanks very much; I apologize if this was too long-winded.
Kaplan GMAT Prep Discount CodesKnewton GMAT Discount CodesManhattan GMAT Discount Codes
MBA Admissions Consulting
avatar
Joined: 26 Dec 2008
Posts: 2434
Location: Los Angeles, CA
Followers: 73

Kudos [?]: 528 [0], given: 0

Re: Profile Evaluation - Wait an extra year to apply? [#permalink] New post 06 Oct 2011, 08:52
Don't wait an extra year simply to build more extracurriculars.

If you're ready now, apply now - and let the chips fall where they may. Worst case, you can reapply next year as well. With what you have now (solid professional experience and GMAT/GPA that are in range), these schools are not long shots (you're competitive enough that they're worth at least applying this year) so go for it.
_________________

Alex Chu
alex@mbaapply.com
http://www.mbaapply.com
Follow me on Facebook

Re: Profile Evaluation - Wait an extra year to apply?   [#permalink] 06 Oct 2011, 08:52
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic profile evaluation (Should I wait for an year?) brar 1 11 Oct 2011, 10:05
Experts publish their posts in the topic Profile Evaluation - Wait an extra year to apply? RatRace 2 06 Oct 2011, 06:52
Profile Evaluation - Wait an extra year to apply? RatRace 0 06 Oct 2011, 06:49
6 Evaluation for Top 5 MBA, should I wait 1 extra year? kbellaiche 14 18 May 2009, 09:19
Apply this year or wait for next year? wessam20 3 08 Nov 2006, 11:25
Display posts from previous: Sort by

Profile Evaluation - Wait an extra year to apply?

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

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®.