I apologize for the lengthy post, but I would love to hear people's thoughts on my situation...
In July 2011, after having worked in retail banking (primarily in consumer and commercial lending) for a community bank for the past 5 years, I relocated and took a new job in November 2011, (increasing my salary compared to my previous position, along with a better title,) with a multinational bank (in a similar industry.) I was planning on staying at this job and sitting out the 2011-2012 app season and then applying to 3-4 schools in round 1 and then 3-4 schools in round 2 depending on the round 1 results.
This past April, I was approached by another company about a different job. I was attracted to both the increase in salary and the job (again similar industry but a much more analytical / quantitative role compared to my previous roles.) I ended up taking the job and I started in May.
The good news is that in a pretty short amount of time, (roughly 6 months,) I've managed to almost double my salary and have an overall better job and better sounding title (I know title isn't everything, but it doesn't hurt in my case.) I think this is important for me in terms of demonstrating career progression, (career stagnation was a weakness in my applications when I applied in round 3 of 2011.)
Unfortunately, I had to complete a relatively lengthy training program, and it wasn't until early July where I started the actual job functions and responsibilities.
I think I have three options at this point:
Option 1: Apply in rounds 1 and 2
Pros:
- I would be able to apply to a wide range of schools about 6-8, spread across two different rounds.
- I get to apply in round 1, giving me the best opportunity at admission
Cons:
-Since I just started this new position, I would be highly unlikely to secure a recommendation from my current employer, (as I said, I just completed the initial training and was just assigned to a team.)
-I would have to rely on previous supervisors for recommendations.
-I wouldn't have much to write about in my essays with respect to the new job since I am just getting started.
2nd option: Apply in round 2
Pros:
-By the time I ask for recommendations, (December for January deadlines,) several months will have passed, potentially enabling me to secure a recommendation from my current employer.
-I would also have the chance to make an impact and glean a story or two from this job for my essays.
Cons:
-I would have to be much more selective in the schools I apply to, as there is no way I would want to do more than 4 schools in a round.
-I still would have only been with my current employer for about 7-8 months, and even less if you discount the almost two months spent training, they may take offense to me leaving so soon (if I ask for a recommendation.)
3rd option:
Hold off and apply in 2013-2014
Pros:
-See pros from 1st option.
-I also could earn a promotion, take on more leadership roles, and be able to tell those stories.
-I could also be able to get recommendations from multiple people at my current employer as opposed to relying on previous recommenders, giving me more selectivity in who I choose.
Cons:
-I'm 30 right now, and will be 31 upon matriculation if I apply this year. Waiting another year puts me another year over the median age of most students at most schools.
-While my current job reflects progression in both responsibility, salary, and title, it is still not something I'm passionate about, hence my MBA aspirations.
Personally, I think it's down to options 2 and 3, with me leaning toward option 2.