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11 Jan 2009, 12:47
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Hello everyone
Thats my second post to Gmatclub, though i have been a loyal reader of the forum since 3-4 months. Well, my question is whether starting an MBA program in fall or spring semester. I need to make a quick decision and reschedule my GMAT till this friday, and unfortunately i feel so stressed up that my brain decided to stop working nowadays.
Little info about me: I am currently an undergraduate and will graduate in summer 2009. I moved to Germany last August to do an internship, and during that internship the recession among the world got worse and worse (i guess everybody knows that). Then i thought maybe it would be much better for me to stay out of business life (or we can call it escaping from reality and staying a student for 2 more years), and i scheduled toefl and gmat exams for January 2009 in order to apply for MBAs in U.S. But since i am an int'l applicant, i already missed lot of application deadlines. My latest solution is to reschedule the exam for April or May and apply for spring semesters (the ones starting in Jan. or Feb. 2010).
But i am really concerned about the graduation and financing issues of this decision. You see, as many of the newly graduates, i don't have enough money to write a single cheque for an MBA and finance it by myself, so i need to apply for the teaching/research assistanceships of those programs (financial aids are the last hope). What do you think about the possibility of getting into these positions if i will enter a programme in the middle of a year?
Even though i believe to have a competitive background, my GPA is my weakness so i am not aiming for elite or most of the near-elites, coz i know if i ever get into those, my chance will be smaller to get an assistanceship. So, to summarize things up, i am an almost graduate, who wants to get into an MBA or MS programme with a 100% funding, pretty late for 2009 fall applications and doesn't know what to do. Every opinions and suggestions are appericated.
Thats my second post to Gmatclub, though i have been a loyal reader of the forum since 3-4 months. Well, my question is whether starting an MBA program in fall or spring semester. I need to make a quick decision and reschedule my GMAT till this friday, and unfortunately i feel so stressed up that my brain decided to stop working nowadays.
Little info about me: I am currently an undergraduate and will graduate in summer 2009. I moved to Germany last August to do an internship, and during that internship the recession among the world got worse and worse (i guess everybody knows that). Then i thought maybe it would be much better for me to stay out of business life (or we can call it escaping from reality and staying a student for 2 more years), and i scheduled toefl and gmat exams for January 2009 in order to apply for MBAs in U.S. But since i am an int'l applicant, i already missed lot of application deadlines. My latest solution is to reschedule the exam for April or May and apply for spring semesters (the ones starting in Jan. or Feb. 2010).
But i am really concerned about the graduation and financing issues of this decision. You see, as many of the newly graduates, i don't have enough money to write a single cheque for an MBA and finance it by myself, so i need to apply for the teaching/research assistanceships of those programs (financial aids are the last hope). What do you think about the possibility of getting into these positions if i will enter a programme in the middle of a year?
Even though i believe to have a competitive background, my GPA is my weakness so i am not aiming for elite or most of the near-elites, coz i know if i ever get into those, my chance will be smaller to get an assistanceship. So, to summarize things up, i am an almost graduate, who wants to get into an MBA or MS programme with a 100% funding, pretty late for 2009 fall applications and doesn't know what to do. Every opinions and suggestions are appericated.
11 Jan 2009, 12:52
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Whether it's a top MBA program or a tier 2 or 3 MBA program, in my opinion it has zero (or close to zero) value without any professional work experience.
I understand that current economy isn't good for recent graduates. However, you also stated that your undergrad GPA isn't impressive.
I think you should study for GMAT in the meantime and look for alternatives - such as MS program or law school.
Also for financing related issues - many of us face the same situation. We will be taking on tons of debt to finance our MBA. You are an international student interested in US program. Your financing options are more limited than rest of us. Is there a reason why you wouldn't consider MBA program back home?
I understand that current economy isn't good for recent graduates. However, you also stated that your undergrad GPA isn't impressive.
I think you should study for GMAT in the meantime and look for alternatives - such as MS program or law school.
Also for financing related issues - many of us face the same situation. We will be taking on tons of debt to finance our MBA. You are an international student interested in US program. Your financing options are more limited than rest of us. Is there a reason why you wouldn't consider MBA program back home?
11 Jan 2009, 12:58
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2 years work experience is basically a requirement at all the top schools for admissions. Some schools accept you but will defer you for a few years and expect you to do a couple of years of work. If you ever want to attend a top school I suggest not going for an MBA at a lesser school now. They rarely admit people who already have an MBA. I would say if you are really looking at something else since you cant find a job look at getting a masters in whatever your undergrad is in. There is a huge difference between a top MBA and an unknown one, so going now just to go wont be doing you any favors long term.
). Also i can't see a future for myself there, though many people are happy to live in. 
