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Pursuing a MBA degree

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Intern
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Joined: 09 Sep 2012
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Concentration: Finance, Operations
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Pursuing a MBA degree [#permalink] New post 23 Oct 2013, 10:50
Hello,

I am currently 25 y/o and have been putting off the pursuing a MBA in finance as I have had no motivation in studying.
Until recently, I felt that I need to obtain more work experience (currently, only have 3 years experience in residential mortgage servicing) and so I put off the GMAT and any inkling of studying for anything!
I realize now that might have been a stupid decision and feel that I need to pursue something more interesting.... Listening to all these distressed borrowers can take a toll on you.

I've been reading the forums for quite awhile and reading success stories in obtaining great GMAT scores and I wish to obtain the same. I know there are many guides, tips and advice on studying for the GMAT for beginners but I was wondering the following:

1. Should I go for a MBA degree with only 3 years experience or should I climb the corporate ladder a bit more? I feel that many people that pursue the MBA are mature and knowledgeable in their respective fields... Even some of my friends are very knowledgeable in the markets... while I am only knowledgeable in the residential mortgages...

2. I obtained my undergraduate degree in economics with a 3.1 gpa, what are my chances of getting into a mid-tier business school?

3. I feel very lost when it comes to a career track and the MBA... what are my chances of getting into a different area of finance leaving from the residential mortgage servicing world? where can I go once I obtain a MBA?
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Re: Pursuing a MBA degree [#permalink] New post 05 Nov 2013, 18:55
If you wish to switch from residential mortgage to say corporate finance or financial services you probably should consider doing so now. The higher your GMAT the more this will mitigate your lower GPA. Only when you have a GMAT score can you gauge your chances at different schools. You might want to research finance-focused Leadership Rotational Programs (http://www.mbaprepadvantage.com/blog/le ... -programs/).

Best of luck,
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Re: Pursuing a MBA degree   [#permalink] 05 Nov 2013, 18:55
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