Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 3010:00 AM EDT
-11:00 AM EDT
Applying to business school from a finance background? Personal MBA Coach is here to help with this quick tips video on how to set yourself apart during the MBA application process!
Apr 3010:00 AM EDT
-10:30 AM EDT
Sia Admissions Founder Susan Berishaj will walk through why reach/target/safety produces the wrong list for many specific profiles, how admissions committees at different programs read the same background differently, and more...
Apr 3012:00 PM EDT
-01:00 PM EDT
Starting at $975 and offering up to $545 of savings, our new Amplify Hourly Packages offer structure and support in certain high-value areas (story development, resume, essays, interviewing) to help get your applications across the finish line.
Apr 3009:00 PM IST
-10:00 PM IST
Thinking about PE/VC? Most consultants are. Few actually make it. Learn how to position your profile, build the right skills, and break into Private Equity & Venture Capital.
May 0108:30 AM EDT
-09:15 AM EDT
Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered.- May 01
08:30 AM EDT
-09:30 AM EDT
Get the inside scoop on what makes Emory’s Goizueta Business School great and how you can present a strong MBA application. Explore the difference between our One-Year MBA and Two-Year MBA programs, talk to our admissions team, and meet students. 
May 0108:00 PM PDT
-09:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
May 0507:00 PM EDT
-08:00 PM EDT
In this live 60-minute masterclass, How to Get Ahead of MBA Recruiting Now, we’ll walk through the four biggest mistakes incoming MBAs make and how to avoid them so you’re not scrambling to catch up once recruiting begins.
NYYankees
Joined: 04 Mar 2011
Last visit: 16 Nov 2012
Posts: 44
Own Kudos:
Location: United States (AL)
Concentration: Finance
Schools: CBS '14 (A) Tuck '14 (I) Booth '14 (II)
GMAT 1: 760 Q48 V47
GPA: 3.4
WE:Securities Sales and Trading (Other)
04 Mar 2011, 22:46
Kudos
Bookmarks
I realize applying R3 is not ideal but I'm looking for an assessment of my chances as I circumstances outside of my control of recently changed and I prefer not to wait an entire extra year to start my MBA if I don't have to. It seems like almost all of the advice on this board is not to even bother with R3. My thoughts are that there's no downside to applying R3 as I can always re-apply in the fall for R1 if I don't get in. Am I way off on this?
Profile:
White American Male - 25 yrs old
Work Experience: 3 years as junior trader at quantitative style hedge fund
Undergrad: GPA 3.4 cumulative/3.7 major, Business major at top public university (ie UVa, UT, Mich, UNC)
GMAT: 760 (99), Q-48 (82), V-47 (99)
EC's: pretty average at best, certainly not outstanding
Area of Interest: Finance
Schools:
Dartmouth Tuck
Columbia Business School
Chicago Booth
Yale SOM
These applications are all due within the next month and I'm going to be applying either way but I'm trying to get an idea of what to expect and I appreciate any help. Thanks in advance.
Profile:
White American Male - 25 yrs old
Work Experience: 3 years as junior trader at quantitative style hedge fund
Undergrad: GPA 3.4 cumulative/3.7 major, Business major at top public university (ie UVa, UT, Mich, UNC)
GMAT: 760 (99), Q-48 (82), V-47 (99)
EC's: pretty average at best, certainly not outstanding
Area of Interest: Finance
Schools:
Dartmouth Tuck
Columbia Business School
Chicago Booth
Yale SOM
These applications are all due within the next month and I'm going to be applying either way but I'm trying to get an idea of what to expect and I appreciate any help. Thanks in advance.
04 Mar 2011, 23:11
Kudos
Bookmarks
Hey there, the information that you've read up to this point is mostly correct. Round 3s are usually a bit harder for students to get admitted to only because most "typical" applicants have already accounted for in round 1 and 2. What does that mean? Well, that means for a "typical", or "normal" applicant it'll be much harder to gain entry in round 3 because why should the school take in an additional consultant when it already has 50 in its class? This basically goes back to the law of diminishing returns that the first Goldman Sachs analyst is great for Duke Fuqua, but when you have 75 Goldman Sachs/Merrill Lynch analysts from round 1 and 2 already, why take in another ibanking guy in round 3? I hope you see what I'm saying. So typically speaking, adcoms are looking more at "rounding" out its remaining class with some "atypical" backgrounds, such as firefighters, pilots, priests, sumo-wrestlers, etc. These "atypical" applicants bring in a whole new perspective on a field that most don't know about, in which then benefits the entire class because you just might read up a case about how ring sizes are determined in wrestling and that very sumo-wrestler can bring some great insights.
Now, going back to your profile: to me, you have a great shot at getting admitted to these top schools that you pointed out. But, what's going to play against you is your background and your area of interest. You come from a pretty typical finance background, who wishes to pursue finance post-MBA. Again, referring back to what I said, chances are most of "finance" quota has most likely been filled with round 1, 2, or even ED/EA (Columbia/Tuck, respectively). Do you have a chance to be admitted? Sure, but it's going to be much slimmer. You have a killer GMAT score and a good GPA. This combination will pretty much get you into any top b-school you'd like, as long as you execute an excellent application. If you want to apply, by all means go for it. However, keep one thing in mind - you can always "reapply" come September, but all schools (that you've applied to) will require you to write a reapplicant essay. This reapplicant essay may or may not come easy for you, but schools will ask you to talk about how you've 'strengthened' yourself since you last applied. Let's say that you apply by end of March and you, unfortunately, get ding when decisions come out in May, it will be exponentially harder for you to come up how you've strengthened yourself between May and September, when you reapply. So sure, one can easily say "I'll reapply", but the opportunity cost does exist here. I understand how you may not want to wait another year, but you're only 25, so your age will not be a factor here whether you apply this year or next year.
Again, as I've mentioned, I think you have great shots at getting admitted to at least one of these schools, but it will just all come down to how much chance you're willing to take.
Last, but not least, if you're gearing up for finance, exactly how did you come up with Tuck? I wholeheartedly agree that Booth and CBS are awesome in finance, but Tuck has traditionally been seen as a finance school. Why not put Wharton and NYU Stern in there to maximize your finance opportunities?
Now, going back to your profile: to me, you have a great shot at getting admitted to these top schools that you pointed out. But, what's going to play against you is your background and your area of interest. You come from a pretty typical finance background, who wishes to pursue finance post-MBA. Again, referring back to what I said, chances are most of "finance" quota has most likely been filled with round 1, 2, or even ED/EA (Columbia/Tuck, respectively). Do you have a chance to be admitted? Sure, but it's going to be much slimmer. You have a killer GMAT score and a good GPA. This combination will pretty much get you into any top b-school you'd like, as long as you execute an excellent application. If you want to apply, by all means go for it. However, keep one thing in mind - you can always "reapply" come September, but all schools (that you've applied to) will require you to write a reapplicant essay. This reapplicant essay may or may not come easy for you, but schools will ask you to talk about how you've 'strengthened' yourself since you last applied. Let's say that you apply by end of March and you, unfortunately, get ding when decisions come out in May, it will be exponentially harder for you to come up how you've strengthened yourself between May and September, when you reapply. So sure, one can easily say "I'll reapply", but the opportunity cost does exist here. I understand how you may not want to wait another year, but you're only 25, so your age will not be a factor here whether you apply this year or next year.
Again, as I've mentioned, I think you have great shots at getting admitted to at least one of these schools, but it will just all come down to how much chance you're willing to take.
Last, but not least, if you're gearing up for finance, exactly how did you come up with Tuck? I wholeheartedly agree that Booth and CBS are awesome in finance, but Tuck has traditionally been seen as a finance school. Why not put Wharton and NYU Stern in there to maximize your finance opportunities?
NYYankees
Joined: 04 Mar 2011
Last visit: 16 Nov 2012
Posts: 44
Own Kudos:
Location: United States (AL)
Concentration: Finance
Schools: CBS '14 (A) Tuck '14 (I) Booth '14 (II)
GMAT 1: 760 Q48 V47
GPA: 3.4
WE:Securities Sales and Trading (Other)
04 Mar 2011, 23:22
Kudos
Bookmarks
I really appreciate the quick and thorough response. In regards to why I chose Tuck as one of my options, I like the emphasis they place on their collegial atmosphere and very close alumni bonds. Also, I am from that area originally, not to mention the fact that of course it has a great reputation. Regarding NYU and Wharton the reason I am not applying for R3 is that I missed/will miss the deadline. If I end up re-applying in the fall I will almost certainly include Wharton.
Again, thanks for you help and it was pretty much in line with my expectations. It sounds like I'm targeting the right schools but my background is over-represented and round 3 is going to be a bit of a long shot.
Again, thanks for you help and it was pretty much in line with my expectations. It sounds like I'm targeting the right schools but my background is over-represented and round 3 is going to be a bit of a long shot.
