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Persis
Joined: 17 Aug 2019
Last visit: 15 Jun 2021
Posts: 43
Own Kudos:
Given Kudos: 16
Location: United States (CA)
Schools: Simon '22 (A$) McCombs '22 (A$) Boston U '22 (A$) Fisher '22 (A$) Foster '22 (A$) Kenan-Flagler '22 (A$) Owen '22 (A$) Mays '22 (A$) Marshall '22 (A$)
GMAT 1: 690 Q48 V36
GMAT 2: 740 Q49 V42
GPA: 3.7
Schools: Simon '22 (A$) McCombs '22 (A$) Boston U '22 (A$) Fisher '22 (A$) Foster '22 (A$) Kenan-Flagler '22 (A$) Owen '22 (A$) Mays '22 (A$) Marshall '22 (A$)
GMAT 2: 740 Q49 V42
Posts: 43
Kudos:
13
15 Apr 2020, 16:29
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Hi everyone!
I've been admitted to UNC with full scholarship but I'm going through a bit of a dilemma in deciding whether to start school at UNC this year or reapply to better ranked programs.
I applied in R2 to schools ranked in 20's and lower with 690 GMAT. Scored 740 in late January 2020 after R2 was closed. Only option was to apply in R3 but from my conversations with adcoms at Darden, Ross, etc, most schools had over-awarded scholarships in R2 so very low chances of decent funding so did not apply in R3.
Background: Indian Chartered Accountant (like CPA), M&A EY India, moved to US in 2019, work gap 18 months at beginning of school, 31 yo, Female
Post MBA goals: General Management or Corporate Finance
Other Factors: Expecting permanent work authorization by 2021-22, want to avoid very high student debt
I've been accepted to all schools I applied to with scholarships (but tbf I applied very conservatively) so that tells me that I might be doing something right.
Do you think I should reapply for 2021 or start at UNC this fall?
Pros of reapplying:
Cons of reapplying:
Thanks!
I've been admitted to UNC with full scholarship but I'm going through a bit of a dilemma in deciding whether to start school at UNC this year or reapply to better ranked programs.
I applied in R2 to schools ranked in 20's and lower with 690 GMAT. Scored 740 in late January 2020 after R2 was closed. Only option was to apply in R3 but from my conversations with adcoms at Darden, Ross, etc, most schools had over-awarded scholarships in R2 so very low chances of decent funding so did not apply in R3.
Background: Indian Chartered Accountant (like CPA), M&A EY India, moved to US in 2019, work gap 18 months at beginning of school, 31 yo, Female
Post MBA goals: General Management or Corporate Finance
Other Factors: Expecting permanent work authorization by 2021-22, want to avoid very high student debt
I've been accepted to all schools I applied to with scholarships (but tbf I applied very conservatively) so that tells me that I might be doing something right.
Do you think I should reapply for 2021 or start at UNC this fall?
Pros of reapplying:
- Chances of getting into higher ranked program
Might not have to deal with starting classes online in fall 2020
Economy would have stabilized a tad more
Cons of reapplying:
- I'm not getting any younger
Work gap will be 30 months (2.5 years) in beginning of fall 2021
There may not be as many spots available if students from 2020 defer to next year
Applications usually go up in recession years so more competition compared to lower application rates past few years
Scholarship may not be available if recession hits funding
Thanks!
15 Apr 2020, 18:57
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Hi. Congrats on your admits!
R3 is wide open for some programs - Kellogg is even waiving the GMAT requirements and LBS is doing that as well. Marshall has waived the GMAT requirement for R3 and moved the deadline to May 1st.
If you are considering re-applying, your BEST opportunity is now while there is a fog of war hanging around business schools and applicants. You have 2 weeks!
I understand how you feel about trading off scholarship for higher ranked programs. I would make that decision ASAP. Reapplying next season is a gamble. I don't know which way it will go but likely you stand to lose some due to all the factors you brought up - work gap, age getting up there, and having to wait a whole year. I feel your goals will be manageable for recruiting at UNC and while you would have more options at Booth, Booth is VERY hard to get into, esp with $$$. Let's say you would get into Ross or Fuqua next year without any money. Would you take it?
I would say either accept the UNC offer or reapply for R3 but I can't see a benefit of waiting for next season really.
R3 is wide open for some programs - Kellogg is even waiving the GMAT requirements and LBS is doing that as well. Marshall has waived the GMAT requirement for R3 and moved the deadline to May 1st.
If you are considering re-applying, your BEST opportunity is now while there is a fog of war hanging around business schools and applicants. You have 2 weeks!
I understand how you feel about trading off scholarship for higher ranked programs. I would make that decision ASAP. Reapplying next season is a gamble. I don't know which way it will go but likely you stand to lose some due to all the factors you brought up - work gap, age getting up there, and having to wait a whole year. I feel your goals will be manageable for recruiting at UNC and while you would have more options at Booth, Booth is VERY hard to get into, esp with $$$. Let's say you would get into Ross or Fuqua next year without any money. Would you take it?
I would say either accept the UNC offer or reapply for R3 but I can't see a benefit of waiting for next season really.
15 Apr 2020, 18:57
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Doh! Forgot to ping woody93 for UNC Finance recruiting input. Thank you!!!
Congratulations! 
