Hi,
I received a ding from CBS yesterday. My profile is as follows-
GMAT- 760 (Quantitative 51 Verbal 41)
Undergraduate- B.Tech Indian Institute of Technology Delhi GPA 6.72/10 ( Five Economics Electives 7.83/10; three failing grades- computers, an 8/10 the second time, a core engineering course 10/10 the second time, biology elective: did not retake)
Passed the CFA Level 1 and 2 Exams.
Work experience- 46 months discretionary macro prop trading US and European rate derivatives at a relatively unknown but upcoming prop firm. Good track record: ranked first in my batch of joiners in my second year of trading, ranked second firm wide in rates during my third year of trading amongst 100 traders.
A number of math olympiad certifications, top 200-300 All India ranks in engineering exams. 99.70 percentile in IIM Common Admission Test 2007
Have some leadership examples, strong philanthropic tendencies.
Long term Goal- global macro, fixed income, credit and distressed investing. leadership roles in economic policy and international finance.
Was offered the Head of Trading position but firm backtracked as there was a risk that I was going to apply for an MBA.
I hence left 3 months back, unemployed since then, employers want the brand name of a bulge bracket desk and I have pretty much come to terms with the fact that I can't find a job without an MBA. Constantly exchanged emails with a former head of prop trading at a top IB (was one of the biggest macro traders in the 90s and early 2000s) and a relative value/ macro PM at a top US hedge fund. In the latter case I was discussing and recommending trades for about 6 months. So I learnt doing macro without any help from my firm by reading books, global macro research. I am really good at it.
I am now applying to the full time MBA at NYU. I don't think I will have a chance at the top MBA programs. Now that I got rejected at CBS, Booth will be equally difficult as per me. I need help deciding whether I should apply to Booth in Round 2.
Is my undergraduate performance hurting my chances?
I am not looking at any schools other than NYU and Booth now.