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I was hoping to get some advice/feedback on whether a masters program might be beneficial for me before entering an MBA program...
GMAT: 610 Undergrad: 2.8; Finance Major from state school WE: 3 years in Investment Management (Operations, Client Service) 1 Year in Insurance (Product Management) Extra Circ: College/SAT Prep Advisor to underprivileged minorities 6 month volunteer assignment abroad currently, working on an economic development project with a law school director
Intended Post MBA career: International Development
So, as you can see my stats are low. I'm not looking to go to a top 10 program however, if I'm going to go FT and pay for myself, I'd like to go to a top 30ish program. I left my job about 8 months ago to take the volunteer assignment with plans of applying for fall 09 admission. I applied but I'm fairly certain I won't be attending bschool this yr, especially when the competition is so tough. So, with this job market, I'm stuck between a rock and a hard place.
My plan, in the probable case I don't get in this year, is to up my GMAT score to the 650 range (fannfriggintastticc) as well as enroll in a masters program in Global Development Economics to sure up my shaky undergrad. I am thinking about this route since the job market is horrendous right now and instead of taking a so-so job for just a year (if I can even get that!) and then apply to schools again next year, I may as well do a one yr masters program in a field that I would like to work in post MBA. The program is a top 10 econ program, not sure if that means anything to a bschool.
If I get my GMAT into the 650 range and receive a strong graduate GPA, I would hope that would make me competitive for a solid program.
I think given your GPA, a 650+ GMAT is a must. Your volunteer work abroad and development project should only help validate your career aspirations. One question I have is in what way will earning an MBA help you reach your goals that your master's degree will not?