Well its been a rough week. Three more dings. So far I've been denied from
Penn
Yale
Cornell
Duke
Chicago
Carnegie Mellon
Still waiting to hear from
NYU
Michigan
Ohio State
Penn State
Maryland
I've been accepted so far to two schools, both of which I was pretty sure I would get into. I won't be unhappy going to either of those programs, but I'd be thrilled if I got into NYU or Michigan. So far with my track record I'm not holding my breath.
I know this has been talked about already, but admissions are brutal. Especially for finance. I figured with a background in statistics, a few years of highly quantitative work experience, a strong undergrad university, 770 on the GMAT and good academic references that I'd get into at least one top tier school.
The reality is that the only way to be secure in admissions is a 3.7+ GPA, hold a masters degree, Attended Ivy League or Ivy League like universities, and 750+ on the GMAT. It's crazy but it seems to me like getting into the top universities is brutal beyond imagination.
Sorry for the long rant, but hopefully other people will know what they are up against. Good luck to everyone, and hopefully I'll get some to over the rest of the admissions season.