My initial take is that your personal story and professional experiences will help you quite a bit, but that it's always going to be difficult to overcome a sub-3.00 GPA for schools in the Wharton/Stanford/Booth tier.
This blog post will give some solid evidence to indicate why:
https://blog.militarytobusiness.com/201 ... a-gpa.htmlHaving collected stats for hundreds of clients over the past 8 years, MTB probably has the best data for not only those who attend certain schools, but also for those who are admitted but choose to matriculate at another program.
So yes, you can see that according to the numbers in the second bar graph. it's not unheard of for a 2.86 GPA to get into Booth, Wharton, Dartmouth, Duke, or Columbia. But what's not indicated on there is how many clients with similar numbers did
not get into those programs. In the same vein, I met plenty of people who admitted to having sub-680 GMATs at HBS, but I
didn't meet all the sub-680s who
didn't get in.
You can see on the third chart that we've seen 3.98 GPAs get dinged from Stanford, and 3.71 GPAs get turned away from Wharton.
If we had a full-time data guy we could run a fancy regression to figure out odds of admission given a 3.1, 3.2, 3.3, 3.4 etc. across each of the top 25 programs, but I feel pretty confident saying that degree of difficulty goes up quite a bit for every bit you go below a 3.0.
Again, not to say it's impossible to have things go your way — just that it's probably not a good idea to apply to three M7 schools with those numbers. A strong GMAT and building an alternative transcript will help, but keep in mind that there are dozens of guys/gals from across the service academies in your same year group who will also have 730+ GMATs and good fitness reports to go along with 3.5+ GPAs from undergrad.
So my advice would be to pick one school from the Wharton/Booth/Haas tier of admit rates, another one or two in the Kellogg/Duke range, then two or three others along the lines of Michigan, UCLA, USC, Washington, or Virginia.
Don't just pay attention to rankings — once you get beyond the M7 schools then regional considerations and career placement stats are more important than whether a magazine says a school is #14 or #18.
For instance, if you want to be a consultant in LA or the Bay Area, then UCLA (and maybe even USC) would probably make more sense than Duke or Virginia even though the latter two are "better" schools.
Also, if you're getting out right at the 5 year mark and won't be eligible for the Post 9/11 GI Bill — don't overlook a school's willingness to throw money at applicants that they want to land, particularly public schools that want to boost their profile by "buying" high GMATs.
I've seen several examples of UCLA and Michigan in particular offering big fellowships and scholarships to veterans with above-average GMATs. May be the same case with Washington but I haven't had any clients end up there.
You wouldn't want to make a decision completely on the basis of money, but if you're comparing near-peer schools then having one offer you some money isn't irrelevant.