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Manager
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Re: A disappointing 710 [#permalink]
Hi, I could not think of any other reason than just nerves or plain bad luck coz you seemed to have prepared in the best way possible! I would say doing it a third time is possible only if you still have the motivation, which normally many may loose by the 2nd attempt. If other parts of your application give you confidence go ahead with the application process...my 2 cents !
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Re: A disappointing 710 [#permalink]
@ Gurpreet - I understand what you mean to say. Good point. I wanted to re-take to show myself that I can kick GMAT off, just to prove a point to myself. Probably not a good idea, at-least not the right time.
I understand, re-taking is not an option now (at-least for 2013 intake), since it is already Oct end. I am going ahead with my applications this year and hope to get through this year.
Thanks for your wishes.

@AbhiJ - It was really tough with 3 paragraphs. I guess more than 400 words. I took about 8-9 minutes for it. I really did not expect such a long RC after question 30. I had never got such a tough RC after question 30, even when I scored 42 in verbal. I think I always got a smaller RC with 3 questions after question 30. I am used to doing tough RCs and generally do get through with them without much problem but that is generally between question 11-12 and 27-28. In all my practice tests, I got a long and tough RC in the middle. In the actual test also, I think I had already got one in the middle. The thing with long RCs is that they take a lot of time, I probably did not face much problem during my practice tests as I was able to compensate with a number of SC and CR questions left. The GMAT caught me at the wrong point this time.

@Pansi - I agree, it might just have been nerves. Probably, I panicked a little. As with the application procedure, I have started it and am not looking at the GMAT now. As I said earlier, I might re-take if I am not able to achieve my targets this year.

Thanks all of you for your inputs.
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Joined: 02 Nov 2009
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Re: A disappointing 710 [#permalink]
This is truly a question of truly setting your priorities. While you might be slightly disappointed in your GMAT score -- it is still a very good score and admissions will see that you have the academic ability to handle a demanding classroom environment. Also, from an admissions perspective, the difference between a 710 and a 740 is minimal -- maybe you will answer one more question correctly. I do not think it is worth the risk of taking the test again and believe that you should move onwards with your essays and applications. At this stage, you still have time to prepare strong applications to a large number of schools -- which you may not have time to do if you dedicate time and energy to retaking the GMAT again.

Good luck in your decision.

Kimberly Plaga
Senior Admissions Consultant
Manhattan Review
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Re: A disappointing 710 [#permalink]
Thanks Kimberley.

Just had a quick question regarding the number of schools I should apply to - I think considering that I am an international applicant, Round 3 is practically not an option for me. Hence, I am basically left with 2 months.

I think I should be able to apply to 5 US schools apart from HKUST. Does this sound fine or is it a little too ambitious?
I am currently planning to apply to:
1. Stern
2. Booth
3. Ross
4. Anderson
5. Yale / Haas / Johnson / Darden / Kellogg - One of these

Let me know if the above list sound fine.

Below is my profile:

Nationality: Indian
Gender: Male
Age: 26 years

Undergrad: IIT Roorkee (2008 batch), CGPA: 6.5 / 10
FRM (both levels)
Passed CFA Level - 2

GMAT: 710 (Q50, V35) and AWA: awaited
Work ex 1: Marketing analytics KPO (2 years)
Work ex 2: KPMG Advisory
International work ex: None, however have extensively worked with US and European clients and colleagues. One of my recommenders is actually an ex-colleague / supervisor from the UK

Total work ex by Aug'13: 5 years and 1 months (expected)

Extra curricular: Have been involved with an NGO working in the education sector in India. Did a lot of stuff during the college, for example, was the General Secretary of the elected students body. Involved in managing technical festivals etc.

Major reason for MBA: Get into the finance domain (corp. finance, I-banking etc.) with direct client exposure (I have worked in an offshore model for a few years now)

My criteria of schools selection is as follows:
1. Global rank less than 30 (I generally refer to FT rankings for the Global ranks)
2. Good finance focus
3. Total expenditure - as low as possible, ideally less than $100k (total cost). I suppose a scholarship/grant would be necessary to meet this criteria, that is why I think Public schools would be a better bet
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Re: A disappointing 710 [#permalink]
You can definitely get five programs done by the next deadline.
The schools I would recommend for you are:
Booth
Ross
Anderson
Darden
Johnson

When you consider your budget, Stern is out of the picture as the cost of living in NYC is out of control. One other school that you might want to consider is University of North Carolina (Keenan-Flagler). It is an excellent school and from experience with the people I advised, there is quite a bit of scholarship money available.
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Re: A disappointing 710 [#permalink]
Thanks a lot for your inputs Kimberley.

I just had a couple of follow-up questions:

1. I was just going through Stern's website and noticed that the total cost estimated my them is approx. $ 92,266 (Source: https://www.stern.nyu.edu/programs-admis ... /index.htm) which is pretty close to the cost at Booth, approx. $ 88,683 (Source: https://www.chicagobooth.edu/programs/fu ... ancial-aid). Hence, I was just trying to figure-out the difference between the two. I am not sure if I am missing something.
BTW, I do understand that both these are way too costly and probably way over my budget and getting a scholarship at either of these would be a tough job.

2. Just wanted to confirm that Darden and Johnson have good finance courses as I have heard mixed reviews about them, specially Darden.

Thanks again!
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Joined: 30 Nov 2011
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Concentration: Finance, Entrepreneurship
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Re: A disappointing 710 [#permalink]
Mate guess your budget doesn't fit the US MBA. Check the links again, that's a 9 month budget at booth and year 1 for stern.
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Re: A disappointing 710 [#permalink]
@ShalabhAr - I know the numbers quoted are for 9 months academic calendar only. I know that the total cost would be approximately double that. I did not explicitly mention that as I thought it was implied.
Though, two of my earlier comments do imply the same, below are the excerpts:
1. Regarding the selection criteria - "I suppose a scholarship/grant would be necessary to meet this criteria, that is why I think Public schools would be a better bet"
2. While pointing out the total cost of attendance at Stern and Booth - "BTW, I do understand that both these are way too costly and probably way over my budget and getting a scholarship at either of these would be a tough job."

Hope this clarifies.
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Re: A disappointing 710 [#permalink]
Mate I know that but what I implied is that you need to assess your budget and the amount of scholarship you are expecting before you finalize your school.
I have been pretty much in the same boat so just be sure before applying, there is no point paying $1,000 in application fees to schools where funding would be a problem.

If i may, why are you applying to HKUST if you are looking at 5 US schools? Where do you want work post graduating?
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Re: A disappointing 710 [#permalink]
I agree with your point regarding the course fee, that is the reason why have put Ross and Anderson there.
The total cost of attendance at Ross would be approx. $ 148k (Source: https://www.bus.umich.edu/admissions/fin ... ts/mba.htm) while at Anderson it would be approx. $ 156k (Source: https://www.anderson.ucla.edu/x40908.xml). With a scholarship of approx. $ 50k, I can meet my criteria. This means, approx. 50% scholarship (on tuition fee) would be be required and as per my info. 50% scholarship is not something impossible, though I agree it would be a tough job.

I need to research a little more on Johnson and Darden.

Regarding your point w.r.t. HKUST, the logic is that if US does not work out (I do not get selected or even if I get selected, I do not get enough scholarship), then I have to have a back-up option. The most important thing is that I get into the industry of my choice, location is important but not a deal-breaker. I am even planning to apply to NUS, just to be sure.

Hope this clarifies.
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Re: A disappointing 710 [#permalink]
Well, I thought of the same reasoning when I read your post first but it didn't fit. HKUST is a much better ranked and applied at school than the US schools you listed above. If the US plan doesn't work out, the odds on HKUST would be further lower. Though I hope you get through where you want to but just my two cents. Do apply to a school like iese as a back up. Lesser fees, better odds and a finance based program.
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Re: A disappointing 710 [#permalink]
Hi man,
This is indeed a great score in my eyes, i wish ill get the same score as you did.
I have a question, what was your RC strategy?
thanks,
Roy
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Re: A disappointing 710 [#permalink]
I agree with your points Shalabh. Your points are pertinent.

In-fact, I have myself thought about them a hundred times already, I guess its' just a call that you have to take.
I myself might actually choose HKUST even if I get the required scholarship at Ross or Anderson. But I guess I will only take that decision when it has to be taken.
There is no harm in applying, apart from the monetary impact (a loss of approx. $ 250 per school). It just opens up a few new options. As far as school ranking is concerned, I think the only impact that has is that there are fewer "good" jobs, hence you have to try a little harder. Still, US rules the globe in terms of the finance jobs and you have to back yourself to outclass your batch mates at these colleges. I know it is a risk.

As far as IESE or generally the European schools are concerned, my take is that Europe is a sinking ship and I don't want to get into that mess. I think it is going to be all downhill for Europe for the next couple of decades at-least. Just my opinion.

Two important thing that go against HKUST are:
1. Language - I know it is not a major issue in the finance domain, even if I that is correct, you still have to spend life outside office i.e. in the markets, other places etc.
2. Much smaller Indian community - Hong Kong has a much smaller Indian community. In my opinion, this would make life slightly tougher in Hong Kong

Although Hong Kong / Singapore also have a key advantage that they are closer to home (Delhi). A flight to Hong Kong or Singapore is apporox. 6 hours and costs approx. INR 30k and INR 15k only, while the shortest flight to US would be 16 hours and would cost approx. INR 50k.

These points might seem unimportant as far as the college decision is concerned, but I think in the long term these are important factors. Again, just my opinion.

Finally, just wanted to get your thoughts regarding other Asian colleges (NUS, ISB, NTU and HKU). What do you think about NUS and Singapore in general?

Any inputs would be appreciated. Thanks!
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Re: A disappointing 710 [#permalink]
Hi Roy,

I am probably not the best guy to ask his RC strategy considering that I just got killed by one.
Still, as you ask, my strategy has always been to just read the passage and answer the questions. Keep understanding the points as you go-along. I just read it as one reads a newspaper news item / editorial. While answering, I sometimes have to refer back to the exact line. Though sometimes I just answer without referring back, specially with meaning and implication questions you don't need to refer back as you have already understood the passage completely.

Hope this helps.
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Re: A disappointing 710 [#permalink]
I am a believer of brand names, especially in the corporate world. I don't think I need to emphasize that to you since you are from IIT. I would recommend you to go for a better know brand than an immediate job landing tier 2 MBA. Your MBA brand remains with you for the rest of your career. Especially for you, coming from a tier 1 undergraduate college, a tier 2 MBA might not be looked upwards on your cv. So rather be patient than settle for what you is what I would say.

In terms of the European economy, it's too big to stay so for the next two decades but yea there is no miracle foreseen in the short term and even though it may revive, we may never see the pre-recession times. As Ronaldo would say, 'God only knows' but remember a 'London business school' will still be known all over.

HKUST has a very small intake. I would suggest you to research more on that. Also, try for the HOng Kong University program. They have a joint program with Columbia and LBS. One year at HK and the second year at Columbia/LBS.
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Concentration: General Management, Entrepreneurship
GMAT 1: 560 Q36 V34
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Re: A disappointing 710 [#permalink]
I second everything said above as far as another try is concerned; it might not help you and even harm you.

BTW Rhyme's RC strategy seems to work pretty fine for me (skim over after the first line).

Good luck with your applications.
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Re: A disappointing 710 [#permalink]
So I finally landed t0 710 too :)
670-to-710-a-long-journey-without-destination-still-happy-141642.html

I can feel a bit of what you are feeling but I will again stick to my previous advice to shoot for applications. So I m also starting my process.
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