1) What schools are on your list right now? In order, for now: R1: Stanford, HBS, Wharton, Columbia, Tuck; R2: Kellogg, UCLA (might apply to one of: Haas, Chicago, or Darden if I don't get into any R1.) That's a pretty heavy list, but I'm going to stick to it. I won't let the pessimist in me deter me from applying to Stanford even though I figure it's wasted time and effort.
2) What is the state of your current preparations? I just took the GMAT (760), and have started sowing the seeds at my employer that I'm considering leaving. I've tried, quite unsuccessfully (see response to 1 above), to narrow my list of schools by eliminating: MIT, Haas, Chicago, Darden, NYU, etc. I'm trying to beef up the community involvement aspect of my application, and thinking about experiences that I can write essays about.
3) What's the scariest part of the process at this point? Reading about all the speculated increased application volume driven by the economy. Reading first-hand accounts of business school like this:
https://www.wallstreetoasis.com/forums/e ... ess-school (see post by: SwappieMonster.) Making the decision of whether to leave my current position, where I have a great working relationship with the CEO (offered partnership after 2 years), for other experience, before or even after B-School. I will also be 29 at matriculation, yikes!
4) How serious is your pursuit at this point? Serious enough to have taken the GMAT, I guess.
Good luck to all.