Emilio95 wrote:
Hi everybody, I decided to post this here after not being able to decide where else to post it. This is a bit off topic but still related to GMAT and MBA admissions but maybe just a lot broader in context. If anybody thinks this post would do better in another sub forum please let me know and I'll relocate it there.
So basically I am just looking for some advice from people who are much more experienced than me in the whole GMAT and MBA process. This is going to be a long and in-depth post.
My story:
I sat for the GMAT last week and scored 60 points below my realistic target. Target was 650, score was 590 (cancelled). I am retaking it in 4-6 weeks and I will be making the necessary adjustments to hit my target.
Scoring this low came as a shock because my practice scores were strong and I had put in a lot of work. However, this failure at reaching my goal really opened my eyes as to how much work this whole process requires.
My background in detail:
-22 year old male
-Canadian national, ethnically Italian and starting process to get Italian passport as well. Might be interested in studying/working in Europe so EU passport is extremely useful.
-languages: English, French, Italian
-recently completed all credits in an undergraduate degree in humanities (major history) from a Canadian university. Will officially graduate at end of winter 2018 semester.
-overall GPA should come out to 3.4, possible that I will graduate with distinction. GPA over last 2 years is 3.67. My first year in university was very hard for me and was a huge learning curve. I adapted well after that and was always 1.0-1.3 grade points above the class average in both lower level and upper level classes.
-GMAT: N/A, aiming for 650
-E/C: not much, fundraiser in a major cancer fundraising campaign. Community representative for mini documentary segment done by national TV station, aired on tv twice. Some volunteering in past.
-WE: no work experience post graduation as I am only graduating now. However, I have three years of mixed part time and full time work experience in cancer clinical research under the same employer. Started off as full time summer job at 19 years old to do basic data entry. Within 2 weeks of starting there was a need for somebody to coordinate some clinical trials. Employer decided to give me a shot even though I was young and inexperienced. Immediately had to start dealing with oncologists and pharmaceutical stakeholders. Not what I signed up for but a great challenge. Later moved into a more research based role for a leading cancer researcher in same organization. Managed some of the most important clinical research databases in the country. Dealt with research teams and projects. Next and final move was towards more finance oriented role. Employer knew of my ambitions to do an MBA. Offered me the opportunity to work with the finances in the research unit. I developed a unique and completely custom invoicing system to increase revenues and decrease human errors. Reported directly to manager and made revenue and expense analysis reports for manager's use in decision making. Consulted with manager on pharma contract budgeting issues.
My plan was originally to get a Bachelors degree with decent grades then start an MBA immediately. Target schools were Dalhousie, McMaster Co-op, Sprott. All solid Canadian b-schools with strong reputations in the country. Though not the best, graduating salary is good and amazing employability. All these schools accept students without work experience. Prospect of graduating with an MBA at 24 years old and entering workforce at a higher level is very exciting.
Now that my GMAT didn't turn out the way I expected I'm starting to have second thoughts and seeing some downsides of the schools I originally targeted. These schools are all decent but I think that by strengthening parts of my profile over a couple years could help me get into some even better programs. I would like to one day work in some sort of consultancy role with a focus on the food production industry. My dream is to either one day start my own food production company or even work in some executive capacity at a well established one. I will be redoing the GMAT in 4-6 weeks regardless, but I have outlined some possible options and I want to get some advice/suggestions from the community.
-Apply to target schools, graduate MBA at 24 and start working at lower level consultancy positions and move my way up.
-Do Masters in history, research topics focusing on history of food industry/food commodity economics. Use this as a way to get into consultancy or gov roles as an expert in this field. Do an MBA later.
-do another undergrad degree, options include joint economics/finance degree that I could complete in 2 years due to already holding bachelors degree. Get top grades and apply to MBAs from there.
-work for 2-3 years, have good connections in commercial banking, manufacturing and investment banking. Use this 2-3 years to maximize GMAT score. In this option I would be able to apply to a variety of programs compared to having no post grad work exp.
I am just overall pretty confused and not sure how to proceed other than retaking the GMAT. I think I have options but at the age of 22 I feel like I'm rushing myself for some reason. any advice and guidance is appreciated .
Thank you very much
Emilio,
Thank you for the detailed post. I am sorry that the GMAT attempt did not go as planned. Best of luck as you study and try to retake the test. Let us know if you want help with private tutoring as well. We have 4.0 MIT grads who tutor. As far as your plan, I would advise you to get a bit of work experience before going to school, even just a small amount. The reason is not because it is absolutely required to get in (as you pointed out that some schools do take folks without experience), it is because your exit opportunities will be better with some experience. If you have an MBA and no experience, employers will be hesitant to give you an actual post-MBA role, so you will end up with more of an analyst level role. Plus, as you pointed out, some experience and a good GMAT may open the door to higher ranked schools.
I don't think another undergrad degree is worth it at this point. The ROI would not be there. Good luck and check out our early planning program!
https://www.personalmbacoach.com/early-mba-planningBest,
Scott