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11MBA
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If you have a low GPA, then it's absolutely necessary to get a good GMAT score. Aim for 750+ to be competitive. Also you might want to start building an alternate transcript by taking some classes or consider taking the CFA. Doing well in your MS will also be a big help.
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I'm actually doing pretty well in my Masters. I have a GPA of 3.5 currently and I believe I can get it upto 3.8 or so by dropping a few courses in which I got Bs.

Thanks for the advice on CFA program. I'll look into it now.
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Hello again,

Where ever I look, the term "Workplace leadership" keeps playing into the equation. Can anyone tell me what this means / give examples of this?
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"Workplace leadership" basically means what it is. Gaining significant leadership experience at work. For more applicants with more work experience it's usually the traditional (ie leading a team of x people and performed y project). However, if you're an early applicant you're going to have to come up with more innovative ways to satisfy this criteria. For example, you can discuss how you took on an internal project that others ignored. I had a friend who wrote about how she decided to help automate a timesheet table at work, and how that project made it easier for others to keep track of their projects.