Score:
695 GMAT Focus
730 GMAT Classic
GPA: 2.2
Pre-MBA industry: Finance: Investment Banking
Post-MBA industry: Finance: Investment Banking
2 years ago
19 Apr 2024 01:04
have about 9 ish years of experience 2.5 in teach 6.5 in investment banking + corp-dev. reasonably large transactions valued at ~$1bn+ . Currently on a medical break post fiancé's medical emergency. Want to get back into investment banking.
Extra-Curriculars - mentorship for examinations like the CFA, GMAT, mentor junior associate, organize workshops for low-income families. Part of family trust, award small checks to social workers helping bring change to the village grandparents are from
GMAT - old 730, retake focus - 715,
Rejections - Kellogg, Duke, Cornell, NYU stern
Accepted - McCombs , Georgetown, Fletcher's
i'll be 33 soon, i'm a little disappointed i didn't get into a marquee program. Is it wise for me to apply again? i'm in the process of getting back into full-time work, maybe that hurt my chances? i was working only part-time last year. Would love your opinions
I have known another candidate who was about your age and got into Booth... many years ago.
It is good have applied to a range of programs and received consistent results. not great results but it is a data point you can use. The schools clearly did not think they were a good fit for you or vice versa. Most often for such strong candidates as yourself, this is likely because they did not feel comfortable with your post MBA goals and how they would help. perhaps having a PT job (not having a FT job was misinterpreted). Not sure if you have written a letter about it to clarify - schools like people who work 2 jobs (unless you are rich enough at that point) because that signals to them that a person is going to work double hard and will find employment super easily after graduation.
I am assuming you worked with a consultant? If so, I would get their opinion. If not, I would get one to review your details (for $300-500 ) and give you an idea why. Perhaps have 2 different ones review and give you an idea of what kept you out and what it will take to succeed. Those were the only red flags I could see potentially (and they may have been covered, I just don't know) but to summarize them:
1. Post MBA goal
2. PT employment
In terms of your dilemma - it really dpeends on what you were hoping to get out of the MBA. You have a very strong profile for some of the lower ranked schools so I hope they gave you some $$ but they will be quite barren when it comes to IB recruiting most likely and you will stick out as a sore thumb among the HBS, Booth, and even Darden folks. I would probably make the decision after speaking with a few consultants and getting their feedback. Don't think it is a waste as certainty is worth quite a bit these days and you will have certainty about whether you should take the bird in the hand or pursue a few in the sky.
-BB
To go now or try again - will remain your decision and yours alone.
- Dee (admissions consultant)
I would have liked to know which schools you received interview invites from, as that could have helped us better read into the adcoms thinking. If you did get interviews, try to reflect on the line of questioning or discuss it with someone who understands the process to identify any underlying concerns. My sense is that adcoms are primarily evaluating whether you made a strong effort to get back into IB through your own initiative. They may understand unavoidable personal circumstances behind the career gap, but given that these are creme de la creme B schools, they still expect to see clear action taken to get your career back on track. This also extends to how well your applications were personalized, reflecting your level of engagement and initiative in understanding each school.
In the recent past, I worked with applicants who, for instance, resigned from MBB before the application season and took up internships with boutique IB or PE firms, even remotely or in different countries, to demonstrate intent. That level of proactive effort came through strongly in both applications and interviews and led to success in admissions.
I can see how much you would want to be in the States with your partner, but I think the HEC offer is a better alternative at the moment, not considering your personal circumstances. I just want to add that I had a mentee who moved from HEC to the US through the Yale exchange program three years ago and is currently working there. He joined HEC when he was 34 years old. HEC is a global brand and if you want to move geographies, the brand recall will always be there along with a very supportive global alumni network. I am not sure if the same is true for the US B schools you currently have offers from. But I understand that what I am saying here is somewhat idealistic advice. Your decision is solely yours to make.
Best wishes
Aanchal Sahni (INSEAD MBA alumna, former INSEAD MBA admissions interviewer)
Founder, MBAGuideConsulting
LinkedIn: https://www.linkedin.com/in/aanchal-sahni-83b00819/ |WEBSITE: https://mbaguideconsulting.com/| Message(WA): +91 9971200927| email- [email protected]