I knew that I wanted to go to business school to successfully switch from the sell-side of an investment bank to a buy-side fund. I was fortunate to receive an offer from a Hedge Fund but was contingent on going to a top B-school. The greatest challenge for me on the getgo was scoring well on standardized tests (never was great even in High School - scored sub-2000 on the SAT and attend a public ivy think UCB/UCLA as an international student). About a year before the admissions cycle for Round 1 for the Class of 2022 I bought the
Manhattan Prep book for GRE and went through questions, but was only able to score a 314 (most top MBAs the average was between 320-330). The second approach I hired a tutor for one-on-one sessions to improve my English section score, despite that only got it up to 317 (around April 2019). Finally, I decided to shell out more money on prep and after my research landed on Vertias Prep (based on reviews). I also specifically focused on improving my vocab and used
Magoosh. Come July 2019, got the score above 321 (though with a low verbal score of 155).
There was a lot of debate on whether people should use an admissions consultant or not. In my case, I decided to do so in order to assist me with getting my story straight and really giving cohesive answers on why MBA and what were my short-term/long-term goals. I had a choppy background where I worked for 3 Major Investment Banks in the span of 3 years (highly unusual - most candidates w/ similar profiles usually had 2 employers over the course of 4 years). Specifically for me, I explained this work-history with talking about my transition to trading from Bank A to Bank B. Bank B the entire desk was let go as revenues for the firm in our division dropped by over 50% and half the team across the country was let go. To address that weakness I got a recommendation from my old supervisor at the second firm just to show the Admissions Team that I was still performing well and that I was not fired due to poor performance. The last red flag I had was my poor grades in economic classes during my undergrad (mostly C's and B's with one D). I chose not to use the optional essay as I was working on the trading floor in a quantitative sales job that demonstrated I could handle math. Also, my sub-score on the GRE quant was 166, which was above average for the schools I was applying for.
Round 1 I chose to apply only to realistic choices outside the M7 (Duke, Cornell, NYU) all East-Coast finance schools and would give me a network there. I was shocked that I got waitlisted without an interview at Cornell and NYU. Interviewed at Duke and was waitlisted after the interview. Realizing that this could be my score, in December I retook the GRE exam and somehow was able to get a 326 (164Q and 162V) and also completed the MBA Math online course (last-ditch effort to improve my quant profile and make up for my undergrad).
Round 2 I split my schools by applying to several M7 schools like Booth, Penn, Kellogg (reaches), and realistic choices such as Darden and Ross. What helped was that I showed schools I understood my weakness and was persistent in trying to improve myself. I received interview invites for all the schools I applied to, was waitlisted at the M7 schools but received a scholarship at both Darden and Ross. The feedback I received from M7 schools was to get my score up by a couple of points. This point I knew I could not improve any further, just focused on improving other parts of my application (i.e. sending a letter of interest to each waitlist school, speaking with current students, and attending several virtual admissions sessions hosted by the respective schools).
I was able to get off the waitlist at NYU Stern in early May and was accepted about 2 weeks later. I decided to take it as my family lives in New York and given the strong finance network that the school and location have. With NYU I would keep in touch with the Admissions Team about every month or so (first was a letter of interest, then got 2 stern alumni to write letters of support, and even attended a campus tour just to register my interest). I think it was the entire combination that helped. I also talked about new leadership roles at work and my community service (recently become a board member at a local non-profit).