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12 Apr 2015, 17:38
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Hello Friends!
I am writing because this question has being in my head for the past 3 weeks. After applying to 8 top 25 schools i only got accepted to Georgetown. This is my story:
Graduated from Bentley University, finance major, 3.86 GPA (Summa Cum Laude)
Moved back to Venezuela in 2011 to work in my family business and has being doing so for the past 4 years. Currently CFO of the company
Decided to apply to an MBA because of the current condition in Venezuela, and because always wanted to pursue a career in investment banking, getting my MBA will be the first step toward this goal.
The only thing preventing me from being accepted to a better school is my GMAT (640)
I do not know how much an MBA from Georgetown will help me to attain my goal of going into investment banking (If not i would like to work in the top 5 Consulting Firms). The only thing that is pushing me toward going to georgetown instead of waiting is the fact that the current condition in Venezuela are less than bad and this is a real shot at getting a job in the United States.
I know that Georgetown location and prestige is very well known and their location is ideal. Living in DC and being able to travel to NYC during the weekend will be ideal for networking and getting an internship and full time position. I have read so much about rankings and how only attending top 10 schools will help you get a shot at investment banking.
I hope you could help me! this is a really important decision for me.
Sincerely,
Giuseppe Lombardo
I am writing because this question has being in my head for the past 3 weeks. After applying to 8 top 25 schools i only got accepted to Georgetown. This is my story:
Graduated from Bentley University, finance major, 3.86 GPA (Summa Cum Laude)
Moved back to Venezuela in 2011 to work in my family business and has being doing so for the past 4 years. Currently CFO of the company
Decided to apply to an MBA because of the current condition in Venezuela, and because always wanted to pursue a career in investment banking, getting my MBA will be the first step toward this goal.
The only thing preventing me from being accepted to a better school is my GMAT (640)
I do not know how much an MBA from Georgetown will help me to attain my goal of going into investment banking (If not i would like to work in the top 5 Consulting Firms). The only thing that is pushing me toward going to georgetown instead of waiting is the fact that the current condition in Venezuela are less than bad and this is a real shot at getting a job in the United States.
I know that Georgetown location and prestige is very well known and their location is ideal. Living in DC and being able to travel to NYC during the weekend will be ideal for networking and getting an internship and full time position. I have read so much about rankings and how only attending top 10 schools will help you get a shot at investment banking.
I hope you could help me! this is a really important decision for me.
Sincerely,
Giuseppe Lombardo
wmay
Joined: 18 Dec 2014
Last visit: 19 Aug 2015
Posts: 66
Own Kudos:
Location: Singapore
Concentration: Healthcare, Finance
Schools: Tuck '17 (A) CBS '17 (D) Kellogg '17 (M) Stern '17 (A) HBS '17 (D) Darden '17 (A) Wharton '17 (D) Booth '17 (A)
GMAT 1: 720 Q49 V40
WE:Law (Law)
Schools: Tuck '17 (A) CBS '17 (D) Kellogg '17 (M) Stern '17 (A) HBS '17 (D) Darden '17 (A) Wharton '17 (D) Booth '17 (A)
GMAT 1: 720 Q49 V40
Posts: 66
Kudos:
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12 Apr 2015, 21:33
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well if you want to work in NYC IB, I'd suggest reapplying and getting into a top 15 school to enhance your chances. While I'm sure GT does place some people into IBD in New York, the odds are not in your favour. GMAT is increasingly important, esp among internationals, so it would be good to get that into the 700s.
12 Apr 2015, 23:52
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Hi! Thanks for sharing your story. You have a really difficult life-choice decision to take.
I would say it depends on whether you would be able to increase your GMAT in less than 6 months and improve you profile (you may consider using consulting services).
There are some other questions I would like to ask you
1) How many times did you take the gmat and how much did you prepare for the test? Do you know your weaknesses?
2) Do you believe you are capable of getting 720+ in less than 6 months? (I assume you will apply in R1 or R2).
3) Do you think you will be very competitive candidate for top 10 if you get a 720+ on the gmat?
4) what is your age? The older you are the more difficult it would be to get into IBD. So staying for one more year may be an issue.
5) do you want to work only for very top/prestigious IBanks? (bulge brackets)
6) Do you think that after graduating from let say Cornell and the GMAT 720+ you will be competitve applicant to bulge bracket banks?
7) how bad is current economic situation in your country? woub you be able to stay there for a year?
worst case scenario is that you will retake the test, but not attain a 700+ score and reapply again to GT next year however I would say that after rejecting their offer once they may not accept you next year. Then you will apply to other even lower ranked schools from which you would not have a shot to get into IB.
Ultimately it depends on how much you are risk averse person.
I would say it depends on whether you would be able to increase your GMAT in less than 6 months and improve you profile (you may consider using consulting services).
There are some other questions I would like to ask you
1) How many times did you take the gmat and how much did you prepare for the test? Do you know your weaknesses?
2) Do you believe you are capable of getting 720+ in less than 6 months? (I assume you will apply in R1 or R2).
3) Do you think you will be very competitive candidate for top 10 if you get a 720+ on the gmat?
4) what is your age? The older you are the more difficult it would be to get into IBD. So staying for one more year may be an issue.
5) do you want to work only for very top/prestigious IBanks? (bulge brackets)
6) Do you think that after graduating from let say Cornell and the GMAT 720+ you will be competitve applicant to bulge bracket banks?
7) how bad is current economic situation in your country? woub you be able to stay there for a year?
worst case scenario is that you will retake the test, but not attain a 700+ score and reapply again to GT next year however I would say that after rejecting their offer once they may not accept you next year. Then you will apply to other even lower ranked schools from which you would not have a shot to get into IB.
Ultimately it depends on how much you are risk averse person.
