billionaire
ocelot22
Hello, I thought that I would post this question here, as I feel the question would have the greatest probability of being answered in this forum. I have been preparing to apply to a Finance PhD program for probably 7 years now. After getting my MBA (state school) and working as a portfolio accountant for about a year, I became a high school math teacher and for the past 6-7 years have taken math courses during the summers at various universities. I have taken cal 1-3, linear algebra, ordinary dif eq, intro to partial dif eq, intro to math proofs, intro to real analysis, intro to (calculus based) probability, mathematical statistics, PhD level Microecomic Theory I (T100 state school. We covered optimization, Kuhn - Tucker conditions, equilibrium etc. - We used the Varian grad text), and I have worked on a project as a research assistant for a finance professor (T150 State School). At this point, I feel like my profile is mostly pretty decent, and I am just preparing for the GMAT at this point. So far in my prep, I am getting pretty close to the 700 mark. My two most recent practice tests (MGMT CAT and GMAT Prep) gave me 690 (Q47 V 38) I realize that 700 is usually a cutoff score, but I also know that in finance there is often a pretty high quant cut-off. I see myself having a difficult time getting my quant up to Q50-51, but I feel that Q48-49 is attainable/realistic. My question to anyone who feels confident answering is as follows : will a 700 GMAT with Q48-49 get me desk rejected at a T100 program? My research interests are aligned to empirical corporate finance/corporate governance, but I am also open to behavioral finance (although I know it is rare to find professors who specialize outside behavioral finance outside T30) I plan on applying to about 26 programs in the Top 100 including worked on a project as a research assistant for a finance professor, Oklahoma, Missouri, LSU, Tennessee etc. Also any additional input aside from GMAT Quant would be greatly welcomed.
Hello
ocelot22You asked here and on pm me basically same question...you provided here more details and not only because of that, but also because of the benefit for others I will reply here.
First of all congrats on lofty goal of pursuing PhD in Finance and persistence
Being a math teacher is a plus from perspective of your goal.
Working on a project as a research assistant for a finance professor will make a difference.
GMAT of 700 will not reject you at TOP 100.
However we need to precise, what do you consider to be TOP 100 ?
Based on what criteria ? On which ranking list ?
My God 26 programs ??
Lets work a little bit with data you provided to capture the bigger picture here.
If we are talking about Walton College of Business U of Arkansas, they do not specify cut off score, which is a good sign from your perspective.
Oklahoma has two schools (universities) for PhD in Finance.
You don't help with not providing specifics and only posting names of the states.
That is unprofessional.
For University of Oklahoma average GMAT was 695 for incoming PhD students.
At University of Missouri they expected overall 700 score.
At Louisiana State University they want overall 700+ score and usually 90 percentile in quant.
At University of Tennessee, they expect GMAT around 700.
As you can see, you have a chance at all of them, except maybe at LSU, because of quant requirement, however that will also depend on the strength of application pool they receive in particular year, so I would not necessarily rule that out in advance.
Good Luck !

Thank you very much. I am sorry for coming across Vague/ uninformed. I had done a lot of research on programs in the past, and am only uncertain about GMAT Quant cutoffs, as average Quant subscores are almost never reported for these programs, unless I am missing something very obvious. I want to respond to your questions, not only because this is a useful exercise for myself, but also for others on the forum. I have gotten into the habit of casual speaking on this forum, because I tend to view others on this site as peers/classmates so to speak. I also have been focusing purely on taking mathematics coursework, and GMAT study for quite some time now, and I have gotten rusty with my communications skills in that regard. You are right in that I need to get out of this habit.
As far as T100, I am referring to schools ranked from around 50-150 on the ASU finance PhD research productivity ranking, usually sorting from years 2012-most recent year. I also reference UT Dallas' ranking from time to time, and from what I can see (even though they omit JFQA), the rankings seem to be very highly correlated between the two. I look at any school that has faculty publishing articles in the area of empirical corporate finance, corporate governance, etc., although behavioral finance is just now starting to interest me. The only school outside of the T30 that I know of that has any faculty working in behavioral finance is Missouri who just recently added Dr. Jannati (Missouri is where I got my MBA, and also where I served as an instructor for the course Survey of Business Finance for 3 semesters, which I left out of my original post). My dream school would be University of Pittsburgh, although I don't have any expectation of even getting a look at that school, I will apply anyway. The schools which I plan on applying to are
University of Arizona, Michigan State, Texas A and M, University of Oklahoma, University of kentucky, University of Kansas, University of South Carolina, Temple University, University of Pittsburgh, Rutgers, University of Tennessee, University of Alabama, University of Missouri, Florida State, University of Nebraska, university of Colorado, Washington State University, Louisiana State, Texas Tech, University of Georgia, University of Arkansas, , Florida Antlantic, University of Central Florida, Kent State University, University of Texas at San Antonio, and University of Pittsburgh. Other than Pittsburgh, my top choices would be University of Missouri, University of Oklahoma, University of Kentucky, University of Tennessee, LSU, and University of Arkansas. I am very interested with the Work That Dr. Jandik at the University of Arkansas involving CEO network Centrality. That is exactly the kind of research that I would love to do. I am also very interested in moral agency theory. Once I am done with the GMAT I plan on picking up Tirole's Corporate Finance textbook to get more ideas from this area of study.
I hope I have provided you with higher quality information that can be used to better help me and others on the forum. As a PhD student, I know that your time is incredibly valuable, and appreciate you taking the time out of your day to answer my question.