Canadian MBA schools, low GPA - what are my chances?

Hi all,

Been reading this forum for a while and have gotten quite a lot of great information on careers-related topics, especially with MBA schools. So thought I'd toss in my situation to get a feel for what kinds of expectations I should have based on your opinions.

I've been out of school for almost 3 years, finished my undergrad in business at a top undergrad business program in Ontario, Canada, final two years' GPA average of 2.8-2.9 on a 4.0 scale, have a few F's and D's but some have been retaken, and also took on an additional two courses in advanced audit/assurance post-grad, getting a B+ and A- in each. Right now, debating taking an additional course or two to build on that alternative transcript before my MBA apps.

I was heavily involved in extracurriculars, holding a few exec positions during my 2nd and 3rd years for our accounting society, and ultimately as President during my 4th year. Served other ambassador/liaison/BoD type roles for various industry organizations (accounting-related) as well.

I've been working at a CA firm (non-big 4) for two years now, but absolutely cannot stand the nature of public accounting (audit, tax, etc.) and am looking to resign relatively soon to pursue further studies at an MBA school. I've tried to 'stick out' the CA process for 2 years now, hoping to see some light at the end of the tunnel, but ultimately the drive and motivation to go through with the 3-4 years work exp, exams, etc just isn't there for me anymore.

Looking to apply to Ivey, Rotman, Schulich, Queen's, and McGill. My purpose of MBA school is to compensate for a wasted year of undergrad business studies (as my 4th year was entirely accounting courses), and study the areas that I have strong interest in. Not sure what my area of interest is right now, but I realize now that spending my undergrad years on such a "vanilla" specialization (i.e. accounting) was a waste, for me personally. I was driven by the CA industry and immersed myself into as many areas of it as I could, through my extracurriculars and via attending conferences, institute board meetings, etc. But the real-world work experience is definitely an eye-opener, and I realize now after 2-3 years post-grad that I want something more out of my life. I want to explore my interests and passions in business (whether it be consulting, finance, marketing, international business, etc), and I feel that an MBA can help me do that.

What are my chances? I'm hoping my low GPA (which is under the 3.0/B cut-off for most schools) won't break my chances, given my strong leadership-type extracurriculars in school. I've taken a lot of pretty advanced-level accounting/finance courses, so I figure I have a leg-up on other arts-majors to demonstrate that I can handle the rigors of more "quantitative-based" courses that I'll get in MBA school. As well, I don't have extensive work experience, but I have learned a lot given the small-size and "hands-on" nature of my firm. As for my GMAT, I'll be looking to take that sometime in March/April, aiming for a 650-680 at least. Any opinions would be greatly appreciated.