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what are my chances? [#permalink]
17 Dec 2005, 16:19
Ist attempt: Q44(75%), V38(85%) Overall (90 percentile)
II attempt Q48 (86%), V28(51%) (80 percentile)
Masters in Computer Engg , GPA(3.72/4.0) University of Minnesota, 2000
Masters in Electrical Engg, GPA(3.76/4.0) Oakland U, MI, 1992
Bachelors in Electrical Engg, GPA 3.7/4.0, Inida
I have been working full time for 13 years in the US and currently as a lead/manager for the last few months.
I would like to get into a good Finance program. I am currently looking into Cornell, Tuck, Yale, MIT, Carnegie Mellon, Chicago, NorthWestern and Darden. Are my GMAT scores (especially Quants) good enough? I could retake GMAT but my job is pretty intense and have little spare time.
I think your GMAT is okay, but not great. It's too bad that your score went down the second time around.
My main question is about your age. As you probably know, the average b-school applicant is more like 25-28 years old. Schools definitely don't discriminate based on age, but they are likely to ask questions about why you're going for any MBA now, given your level of work experience, and why you didn't consider earning an MBA sooner.
I don't mean to sound discouraging. You could also consider part-time or executive education programs.
I am confident that I can improve the scores if I spend more time on the test but, I have read that only 1/3 rd. of what schools look is GMAT. Shouldn't my good educational and professional background make up for it? I think 680 is pretty competent, just not sure if my quant score was good enough especally for a finance major.
As to why I want to switch now, how about it is crappy being in IT in the US now a days knowing that some one in a third world country can do my job for 1/10th of my salary? Well, this is the real reason. I want to stand out in the crowd and set myself apart.
I don't want to go part time because I did for my second masters and it was pretty hard. I have the money now to not have to work while I go to school and hopefully I can just stay focused on school for a couple of years. Not many companies sponsor their employees for executive MBAs, especially if you are in IT/Software.
I wouldn't even try to quantify it (e.g., "1/3 of what schools look at is the GMAT"). It's much more fluid and less predictable than that. It's just one part of your overall application. So, don't stress over your score too much.
Actually, a lot of companies DO sponsor their employees for executive MBAs, although not necessarily in your field.
My only advice is to really try to sharpen your story for why you want an MBA now. That's the best advice I can give you.