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I noticed that a lot of GMATclubers have obtained master degrees prior to thier MBA applications.
What do you think is the value of a masterтАЩs degree with an excellent gpa from a prestigious university in an MBA application to top 10 schools if the applicant has a low undergrad gpa (engineering degree form a good school)?
Is it more effective than taking extra classes at a community college (or university)? Will it compensate for a low gpa in undergrad? And in what degree?
I think it can really depend. In general I think it probably slightly helps, but it should sort of "make sense" in the context of your overall plan. For instance if you were a History undergrad, got your masters in archictecture, and now you're applying to MBA programs, you may seem a bit all-over-the-place and unfocused unless your career plan ties things together a bit (maybe you want to open your own architecture consulting firm or something).
You don't want to come across as someone who is a "degree collector," so as long as you have good work experience, I don't think a masters will hurt you. But like I said, it is probably mostly a slight positive, and maybe a big positive if it really makes sense in the context of what you're trying to do.