wp06
It seems a little extreme they are concerned with a 3.1 from a difficult major, I know I only have a 3.3 but I went to West Point where you have to take Physics, Engineering Science, Discrete Dynamical Systems, Statistics, Computer Science etc and grading is pretty hard, on top of that we constantly have to do duties and military training, if they hold a 3.3 against me I'd be pissed, but owell...
I am not ADCOM, I am nobody but a 780 and a 3.14 in Actuarial Science seems pretty damn good, all my friends at Princeton and Penn etc all walk away with 3.8s without worrying much but owell
So I had a 3.1 in Actuarial Science too with a GMAT of only 720 and got in here. GPA was the biggest concern in my app and I tried explaining it in my optional essay (self-financed college education so worked a lot while in school, graduated early blah blah). I also took a class at Booth and got an A in it which i turned in with my app in the education section. At my interview i made sure to emphasize how much i worked through school in addition to all my extracurriculars (two - three great ones). Basically the interviewer was left with no doubt that my 3.1 in actuarial science was as good as a 3.6 due to all the other extra things i did.
While this got me into Yale and a couple of other places - I did call a couple of the schools that I did not get into to get feedback over summer as i was curious and basically after hemming and hawing, once they knew i wasnt reapplying as i was going to Yale - they said - "sorry to be blunt but for a male applicant overcomming a 3.1 ug GPA is very very hard and we dont think you did enough in this app. yale is an awesome school and maybe you did a better job then but it was just such a tough year blah blah"
Their take was pretty much that you needed to do something absolutely mind-blowing at work and being very good or strong in all other aspects was simply not good enough given the competition. There were a ton of males with consulting backgrounds who applied. most were promoted early. they all also got 3.8's in UG and had great extracurriculars.. so why you? Dont want to discourage you but in addition to taking the class, you should probably come up with a bit of a story on why the GPA was 3.1. Also make sure whatever class you take is atleast somewhat quantitative and beyond a typical undergrad class. (You may have explained this in the past but i havent read all 50 pgs of this thread today so i dont remember).
This sucks but for schools fighting to get higher in the rankings i think GMAT and GPA are very important. They probably would never admit it, but those are probably the easiest parts of the ranking methodology for them to control and thus when schools are trying to move-up the ranking its something they are very sensitive to.
Quite frankly, i dont think your undergrad grades matter one iota once you are in as Yale pretty much has no grades and you probably have to work harder to fail than to get a distinction. Having spoken to frnds at other schools, this is pretty much true across the board. Getting in is the hardest part, followed by finding a job.