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Profile Evaluation - is now the time?

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Current Student
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Joined: 20 Jun 2009
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Kudos [?]: 38 [0], given: 0

Schools: Yale SOM Class of 2013
Profile Evaluation - is now the time? [#permalink]

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New post 25 Jun 2009, 01:20
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Personal Background

Undergraduate GPA: 3.85 / 4.0 from a top-15 US University (Duke/Rice/Emory). My degree is in a non-economics social science discipline, though I received As in a few quantitative courses.

Graduate School: 2-year Masters Degree from a top European university (Cambridge/Oxford). Again, the subject was a non-economics social science discipline, but my thesis involved a heavy quantitative element and I received an award for my work in statistics.

GMAT: No score to report. I'm in the process of studying now, but need to be realistic about my potential score range. Having not studied basic math since high school, I would be happy with a score in the 660-700 range.

Work Experience: I spent one year as a Strategy Analyst in a large management consultancy and am currently entering my second year as an Analyst at a bulge-bracket investment bank. I have received top marks in all performance reviews and am confident that I will be able to secure strong recommendation letters as evidence of my achievements. All of my work experience has been abroad.

Motivation: I am seeking to do an MBA as a means of transitioning into the PE/VC space. Though my current job involves working with PE fund managers, I am not in a "traditional" M&A / Corporate Finance role and thus may not be viewed as having the requisite skills to land a job in a PE house. Also - as my previous degrees were not in an economics/finance/business discipline - I genuinely view an MBA as a great way to brush up on the fundamentals, meet fascinating, like-minded people and send a clear signal that I am a serious candidate despite my non-traditional academic background.

Two questions:

1) Based on the above, do I stand a chance of getting into any of the following programs: Harvard, MIT, Yale, Dartmouth, Wharton, NYU or Columbia? As my desired career is in an extremely competitive industry (and consdiering the cost of attedning B-school), I have decided that I will only enroll if I am granted admission to one of these programs. (Note that I need to be in New England for personal reasons).

2) Is now the right time for me to apply? By the time I enroll, I will only have 3 years of work experience (though I will be in my late 20s and have differentited experience - i.e., studying and working abroad for five years). I am also aware that this is the most competitive admissions environment in some time, especially for those applying from financial services. The timing makes sense for personal reasons, but I am concerned that my chances will be diminished by the myriad newly-unemployed IBD Analysts with stellar credentials who will undoubtedly be applying this year.

Thanks in advance for your advice!

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MBA Admissions Consultant
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Location: Los Angeles, CA
Re: Profile Evaluation - is now the time? [#permalink]

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New post 27 Jun 2009, 08:42
You stand enough of a chance that it's at least worth giving these schools a shot, assuming your GMAT is decent (680 or above as a realistic minimum, and ideally above 700). For people like you, it goes beyond your raw profile (since there is a lot of people like you) - it's a combination of how well you execute the application, and luck. Again, there's nothing really in your raw profile that will cause someone to ding you, so you need to use the application to give the adcom reasons to admit you.

As for whether it's the right time - that is up to you. It's whether it's the right time for YOU given your individual circumstances. If you want to go, then apply. Don't let market timing dictate your career decisions. Yes, it's going to be competitive with a lot of finance folks applying, but that is beyond your control.
_________________

Alex Chu
alex@mbaapply.com
http://www.mbaapply.com

Kudos [?]: 566 [0], given: 0

Re: Profile Evaluation - is now the time?   [#permalink] 27 Jun 2009, 08:42
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