Hello everyone,
This is my first post so let me introduce myself and thank you all so much because without this forum I would not be having this situation. Thanks to Bunuel specially, his quant explanations are top notch.
First my description:
I am a 27 years old Latin American guy (do not want to disclose my country because I know some people personally that browse this forum, but my citizenship is one of the five most populous countries in LatAm).
I have worked for three years in a boutique investment banking firm doing M&A and consulting: quick career advancement, got a promotion, being involved in several successful transactions and managed a team of analysts and interns. Is a small firm recognized in my country but no Goldman Sachs/Lazard or something like that.
Since I was in college I wanted to get an MBA so after three years working I decided to prepare for the GMAT:
First GMAT prep last week of January: 500 (V31, Q28, IR 6)
Knew that I needed to prepare and accommodate my work schedule with my studies so I prepared just with OG13 and
Magoosh. 1 hour daily and 3hours Sat and Sunday.
Took last GMAT prep on April 12: 690 (V40, Q45, IR 7)
So I pulled the trigger and took the real GMAT yesterday:
700 (V41 94% and Q44 58%, IR 8)
At first I was so happy, just got the score I wanted, however, as the day progressed, that 58% in Quant started to hang on me. It’s too low considering that the schools that I aim to enter are really competitive. So I am asking you guys, should I retake? It is really stressing considering that my work schedule is hectic and that I am scared that I could get a worse score and I’ve been reading all kind of stories: schools take your best score, they average your scores, the last one, etc. So no clear answer, also I choose my top 5 schools at the beginning of the test so they have already received my score isn’t it?
My stats:
• Started at the M&A boutique in 2012 so 4 years full time experience when matriculating.
• BA in Finance from a top school in my country: GPA 90/100. Top of class.
• 6 month Internship at a small asset management firm (no hedge fund) in the Northeast US (no NYC)
• Summer exchange program in Europe to get a specialist degree in finance
• Extracurriculars include being the Coordinator of Social Causes from the Finance students at my college. Did some probono consulting while at school and helped organize some conferences.
• Taught English, finance and history classes at the college and high school level.
• Collaborated with an organization that teaches poor children how to read and with other that raises money to fund projects to help overcome income inequality.
• Cofounded a company that distributes medical supplies. It’s at breakeven point right now.
• I can get good recommendation letters from exalumni of three of the five schools that I plan to apply in first round.
The schools that I want to, in order of preference:
1. Stanford (my dream)
2. Wharton/Harvard (close tie)
3. Chicago Booth
4. MIT Sloan
For the second round in case I fail in the first one I am considering Columbia, LBS, Tuck and Berkeley.
Enjoy music and fitness in general.
My goal post MBA is to do VC/Growth Capital with a focus on Impact Investing to help overcome income inequality in my country or entrepreneurship.
I am considering hiring a consultant to help me with my app.
Considering all this, should I retake the GMAT and try to get a better quant, is my low quant not offset by my experience and stats? What are my chances at the schools that I aim to enter?
Thank you so much for reading.