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General Questions

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Intern
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Joined: 16 Jan 2018
Posts: 2
General Questions [#permalink]

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New post 16 Jan 2018, 10:28
Howdy,

First time posting on this board -- though I've lurked here and there for some time. Looking for some general advice about applying to business school.

As the username suggests, I'm contemplating business school. I would likely do an online format, as I'm married, travel often for work, and want to avoid student loans (my wife and I worked hard to pay off $88k in loans from our prior graduate degrees).

The purpose of business school would be fourfold: (1) pursue an genuine interest; (2) increase knowledge/skills; (3) accelerate my career growth; and (4) leave myself open to the possibility of changing careers after school. Ideally, I think I'd like to attend a highly-rated school.

My questions are:
1) How necessary is the GMAT to general admissions? On paper, I would seem to qualify for a waiver for some good schools (UNC, etc.), but not all. For those I qualify for, would going the waiver route hinder my application?
2) How necessary is the GMAT for scholarship offers? As I said, my wife and I took quite a bit of loans for previous education, so we'd like to avoid the $100k cost of quality business schools via scholarship opportunities where available.
3) Is a top-tier school really even necessary for me? I'm not sold on switching careers, but I'm also not sold on my current career (see below for details). A business degree isn't necessary for moderate growth within my career; it would be necessary for executive level positions, though. Part of me thinks that if I'm going to stay with my company, I should apply to a cheap, easy, AACSB-certified, public business school that I can crank out in a year. Another part of me thinks I should shoot for the stars and see what doors open.

For perspective, I'm a 27 year old white male working in a mid-level position (low six-figure income; no management) for a large biopharmaceutical company with ~3 years work experience since finishing my graduate degree. I like my job but feel a little bored and underutilized. I have an undergraduate degree in chemistry (~3.9 GPA with 4.0 GPA on graduate courses) and a master's degree in a clinical field (~3.9 GPA). Lastly, I live in a major market in Texas.

Any help would be greatly appreciated. Thanks!
Intern
Intern
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Joined: 16 Jan 2018
Posts: 2
Re: General Questions [#permalink]

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New post 19 Jan 2018, 11:13
A lot of great feedback -- thanks folks!

Bump.
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Veritas Prep Admissions Consultant
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Posts: 2644
Re: General Questions [#permalink]

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New post 19 Jan 2018, 15:16
You have a nice profile, see answers below:
My questions are:
1) How necessary is the GMAT to general admissions? On paper, I would seem to qualify for a waiver for some good schools (UNC, etc.), but not all. For those I qualify for, would going the waiver route hinder my application?
IF THE SCHOOL APPROVE YOUR WAIVER YOU SHOULD ASSUME THIS WILL NOT HINDER YOUR APPLICATION
2) How necessary is the GMAT for scholarship offers? As I said, my wife and I took quite a bit of loans for previous education, so we'd like to avoid the $100k cost of quality business schools via scholarship opportunities where available.
YOUR OVERALL PROFILE INCLUDING YOUR GMAT WILL PLAY A BIG ROLE IN SCHOLARSHIPS, THE GMAT IS AN EASIER WAY TO DIFFERENTIATE ONE CANDIDATE FROM THE NEXT
3) Is a top-tier school really even necessary for me? I'm not sold on switching careers, but I'm also not sold on my current career (see below for details). A business degree isn't necessary for moderate growth within my career; it would be necessary for executive level positions, though. Part of me thinks that if I'm going to stay with my company, I should apply to a cheap, easy, AACSB-certified, public business school that I can crank out in a year. Another part of me thinks I should shoot for the stars and see what doors open.
IT REALLY DEPENDS ON WHERE YOU SEE YOURSELF AT IN THE ST AND LT, IF YOU'RE PLANNING ON STAYING AT YOUR CURRENT FIRM THEN A TOP MBA PROBABLY WONT INFLUENCE THINGS TOO MUCH ESPECIALLY IN THE SHORT TERM. BUT IF YOU HAVE ANY ASPIRATIONS FOR SWITCHING JOBS OR INDUSTRIES IT CERTAINLY WOULD HELP YOU OUT. LOOKING AT THE REST OF YOUR PROFILE YOU SEE TO HAVE THE POTENTIAL FOR A TOP PROGRAM BUT WHAT COMES WITH THAT IS A HUGE BILL. HAVE YOU LOOKED INTO SPONSORSHIP FROM YOUR EMPLOYER?
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Re: General Questions   [#permalink] 19 Jan 2018, 15:16
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