Hi rj594 - Your question is thought provoking and an interesting one to consider. It's good that you are thinking ahead to the MBA application, and being proactive to take the steps you can take now.
My advice may sting a little, but it comes with good intent and solid recommendations. MBA programs want to be certain that you can handle the work academically before they admit you. In particular, they want evidence of your ability to perform in quantitative courses as an MBA is heavily quantitative in nature.
My biggest concern for your future application is your transcript. You said that you are completing a BA in a liberal arts field and have a 2.6-2.7 GPA. This is weak. Liberal arts majors (I know, I was an English major myself!) typically don't have a lot of quantitative courses in them.
To your question - will schools look at the first bachelors, the second bachelors, etc., the school will look at your entire college-level academic career. So, completing a second bachelors degree will not erase the weaker performance on your current transcript.
A second bachelors degree is not as important as taking quantitative courses and achieving outstanding grades in those courses. You can take these courses at a community college, but in my view, it would be better if you were to take them at a highly regarded undergraduate institution (allow the reputation of that school help your case).
Give the profile you've shared, here is my advice to you:
- Work at least two years before applying to an MBA program. Possibly three to gain more experience and have more opportunity to gain managerial experience (managing people, project, budgets). Try not to job hop during this time frame and do all you can to have a strong professional profile. Volunteer for extra assignments. Perform at an exceptional professional level at a well-regarded organization. Always be thinking of what experiences will add value to your profile as an MBA applicant in the future. Actively seek out quantitatively-based professional duties. If you can, pursue international assignments. Seek out mentors to help advise you.
- Take additional coursework in quantitative courses to demonstrate to the future admissions committee that you can perform in the classroom.
- Prepare extremely well for your GMAT so that your performance is strong there - especially on the GMAT side. GMAC has a study on their web site that shows that strong preparation (ie - lots of hours studied) correlated to strong GMAT performance. You've got a fair amount of time before you need to take the GMAT, so consider this in your plan.
- Because you have a liberal arts background, I'm not certain that an accelerated MBA is in your best interest. Don't think of the MBA as something to get out of the way, rather consider it a transformational opportunity to improve your professional and personal life.
If I can help further, let me know. Good luck!