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question re admission

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question re admission [#permalink] New post 06 Jan 2006, 07:13
Hey guys,
I have about 55 months of work experience. 6 months at a major bank in the back office position, 3.5 years are at a prominent rating agency doing research – where I received a promotional opportunity toward the end, and 8 months at a hedge fund conducting buy-side research. Because the market conditions deteriorated, I was laid off from the hedge fund in December 2005. I have taken GMAT several times in the past, (over a year ago), and scored in 650 range. Last week I scored 700 (90% math, 85% verbal). I’m now applying to Stern, Columbia, HBS, and either Duke or Yale. My college GPA (Loyola College in MD)is 3.445. I have a Russian background but spent last 13 years in US. My long term goal is to lead my own investment firm.

First question, is a 700 score enough for me to be a competitive applicant (with my background) to these schools? Can you single out a few schools from top 14 that especially favor my background?

Second, do you think it’s essential that I get a job, considering that I would like to enter business school in September 2005? Currently I’m working on business applications, but once I’m done, I will turn to preparing for CFA level II and increase my volunteering involvement in organization that I have been involved in for years. I'm also considering signing up for some classes at either NYU, Columbia, maybe other NY college just to stay active once I'm done with applications in February.

Let me know if there is anything else I can do now to enhance my chances for Fall 2006 admission.

Please advise.

Thanks.
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 [#permalink] New post 09 Jan 2006, 15:11
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Definitely don't take the GMAT again. A 700 is strong enough to get you in anywhere, and taking it again means just risking the chance that you'll do worse, in which case you'll be sorry that you took it.

Re: what you're doing now that you don't have a job, it's okay if you don't have a job IF you really make a mark in a volunteering role. By not working, you risk looking like you're applying because you have to, not because you want to. So, either try to find new work, or make sure that you're volunteering in something that you REALLY have passion for and in which yo ucan make an impact.

Re: other schools, I think your list is good, but maybe also consider Wharton, Sloan, or Chicago if you're really interested in finance.

Scott
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