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05 May 2020, 17:37
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I've been really worried about imminent layoffs at my current company due to COVID.
I wasn't planning on applying until 2 cycles from now (class of 2024) but now with the uncertainty around my job, I am wondering if I should apply as a contingency in case I get laid off. Ideally I would want to stay at my current company but who knows what will happen
I know how tough R3 is, so let me know if I have a chance.
Background
Work experience: Will have almost 3.5 years at Matriculation this fall
-Just over 2 years at blue chip F500 LDP
-Slightly <1 year at a unicorn/former unicorn (one of Lyft, Uber, Airbnb) in a Strategic Finance position (like a hybrid of strategy and high level FP&A work)
-Top performer in the LDP program; had out of state rotation and took over as interim manager very early during one of the rotations when previous manager left suddenly. Did a good job so they decided to let me stay interim manager until the end of the rotation
-When I decided to leave, the company offered early exit from LDP and promotion to manager position, which I turned down
-Above-average performer at current company (but there are definitely higher performers than me)
-Senior Director who I don't directly report to switched teams and requested to switch me over too (partly because we worked together frequently and I understood the deliverables he wanted)
Extra-curriculars: Quite a bit of volunteering outside of work, started my own nonprofit to teach financial literacy to low income adults, chair of volunteer committee at old company, volunteered for 3 months at an NGO in a developing country after college
Undergrad school/major: Finance at a T50 university with a T5 (undergrad) business program
Other education/coursework: Alternative transcript at a CC post-graduation with all A's in classes I did poorly on in undergrad; passed level 1 of CFA
Demographic: ORM Male
Stats
GMAT Score: 740 (49Q/41V)
Undergrad GPA: 3.26 (no reasons to mention for optional essay for the bad GPA; had a lot of W drops too in freshman year)
MBA Info
Goal of MBA: Transition into non-profit work full time (short term either work for a non-profit or in non-profit consulting). Eventually start my own non-profit
Target schools: Kellogg, Booth, Tuck R3s
Thank you!
I wasn't planning on applying until 2 cycles from now (class of 2024) but now with the uncertainty around my job, I am wondering if I should apply as a contingency in case I get laid off. Ideally I would want to stay at my current company but who knows what will happen
I know how tough R3 is, so let me know if I have a chance.
Background
Work experience: Will have almost 3.5 years at Matriculation this fall
-Just over 2 years at blue chip F500 LDP
-Slightly <1 year at a unicorn/former unicorn (one of Lyft, Uber, Airbnb) in a Strategic Finance position (like a hybrid of strategy and high level FP&A work)
-Top performer in the LDP program; had out of state rotation and took over as interim manager very early during one of the rotations when previous manager left suddenly. Did a good job so they decided to let me stay interim manager until the end of the rotation
-When I decided to leave, the company offered early exit from LDP and promotion to manager position, which I turned down
-Above-average performer at current company (but there are definitely higher performers than me)
-Senior Director who I don't directly report to switched teams and requested to switch me over too (partly because we worked together frequently and I understood the deliverables he wanted)
Extra-curriculars: Quite a bit of volunteering outside of work, started my own nonprofit to teach financial literacy to low income adults, chair of volunteer committee at old company, volunteered for 3 months at an NGO in a developing country after college
Undergrad school/major: Finance at a T50 university with a T5 (undergrad) business program
Other education/coursework: Alternative transcript at a CC post-graduation with all A's in classes I did poorly on in undergrad; passed level 1 of CFA
Demographic: ORM Male
Stats
GMAT Score: 740 (49Q/41V)
Undergrad GPA: 3.26 (no reasons to mention for optional essay for the bad GPA; had a lot of W drops too in freshman year)
MBA Info
Goal of MBA: Transition into non-profit work full time (short term either work for a non-profit or in non-profit consulting). Eventually start my own non-profit
Target schools: Kellogg, Booth, Tuck R3s
Thank you!
PersonalMBACoach
Expert
Personal MBA Coach Founder
Expert reply
09 May 2020, 19:27
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mbathrowawaycovid
Hey MBA Throwaway Covid!
Thanks for posting. You've got a lot of good things going on in your profile, including a strong GMAT (especially quant) and good brand names on your resume. I'm not so worried about the GPA, since it looks like the progression is good from freshman year on.
Round 3 is expected to be fairly competitive for a number of schools, given the relaxation of the GMAT requirements. I'd say you have a decent chance at these three schools, given a strong total application. You'd need to really articulate the need for an MBA now, as a lot of folks will be applying last minute with subpar stories. You really want yours to stand out.
Feel free to reach out at [email protected] if you'd like to discuss your application in more depth!
Regards,
Scott
10 May 2020, 10:09
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Hi mbathrowawaycovid, I echo what Scott says above. As it relates to timing, so long as you can pull together a well thought out app, I don't see why you would wait. Perhaps until next year R1, but not until 2024. You have the 'standard' years of work experience or will by 2021, a GMAT score, and developed reasons for 'why MBA'. Schools (Kellogg in particular) have indicated they won't 'dock' people for applying R3 this year and, if not admitted, reapplying next year without material changes to their profile. Given that both rounds are sure to be competitive, I would go for it and see where you land. Good luck!
