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11 Mar 2015, 18:27
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Until recently I was working as an Associate Commodity Trader for a Commodity Trading company. I've had the opportunity to work in Ghana, Singapore, and Dallas. I decided to apply a year earlier than the average b-school applicant (5 years) because I was hoping my international exposure would cover up my lack of work experience.
Anyways I applied to the M7 schools in round 1 and got dinged at all of them. In round 2 applied to the top 20 schools. I am waiting to hear back from most of them in the next couple weeks. I already got into one of my round 2 schools back in Feb, at which point I decided to quit my job and come back home, help my father with the family business, and try to find a pre-MBA internship till August.
Now, a couple days ago my company called me and asked me if I would be interested in coming back if they gave me a promotion.
I think I have 2 options:
1) turn down the promotion.....stick to my originally plan and attend one of my round-2 schools
2) take the promotion..... turn down any admissions I get from my round-2 schools, which I'm assuming would forever ban me from gaining admission again if I choose to apply to these schools again in a couple years. HOWEVER, this option would provide me with an opportunity to reapply to the M7 schools with a promotion and an extra 1-2 years of work experience.
For reference I scored a 720 on my GMAT and have a 3.2 GPA from a top-20 college (I know my GPA is a little low for a M7 school, but it's also the one thing I can't change). I also volunteer as a GED Instructor at the library where I help high school dropouts pass their GED. I also practice Kendo, Japanese fencing, competitively.
I understand that it ultimately comes down to how much of a risk-taker I am, but I would like to know the what everyone thinks of Option#2 working out.
If you could help me with this dilemma, I'd greatly appreciate it.
Anyways I applied to the M7 schools in round 1 and got dinged at all of them. In round 2 applied to the top 20 schools. I am waiting to hear back from most of them in the next couple weeks. I already got into one of my round 2 schools back in Feb, at which point I decided to quit my job and come back home, help my father with the family business, and try to find a pre-MBA internship till August.
Now, a couple days ago my company called me and asked me if I would be interested in coming back if they gave me a promotion.
I think I have 2 options:
1) turn down the promotion.....stick to my originally plan and attend one of my round-2 schools
2) take the promotion..... turn down any admissions I get from my round-2 schools, which I'm assuming would forever ban me from gaining admission again if I choose to apply to these schools again in a couple years. HOWEVER, this option would provide me with an opportunity to reapply to the M7 schools with a promotion and an extra 1-2 years of work experience.
For reference I scored a 720 on my GMAT and have a 3.2 GPA from a top-20 college (I know my GPA is a little low for a M7 school, but it's also the one thing I can't change). I also volunteer as a GED Instructor at the library where I help high school dropouts pass their GED. I also practice Kendo, Japanese fencing, competitively.
I understand that it ultimately comes down to how much of a risk-taker I am, but I would like to know the what everyone thinks of Option#2 working out.
If you could help me with this dilemma, I'd greatly appreciate it.
12 Mar 2015, 11:44
Kudos
Bookmarks
I was in a similar situation also. I was ready to move on to the next phase of my career, but I got rejected from my top targets and had a promotion on the table from my current employer.
Ultimately I decided it didn't make sense to wait. The school I got into (Darden) offers comparable recruiting opportunities for what I'm interested in. And an extra year of work experience post-MBA is much more valuable than an extra year pre-MBA, both financially and in terms of career advancement. So while an M7 school on my resume would have been nice, it wasn't worth the wait - especially since it still wouldn't have been guaranteed. My company promoted me anyway even after I told them I was definitely leaving, so that was nice.
If going to an M7 school would drastically improve your chances of fulfilling your post-MBA career goals, then I would consider taking the promotion. But I wouldn't postpone my plans just to hold out for a more prestigious name.
Ultimately I decided it didn't make sense to wait. The school I got into (Darden) offers comparable recruiting opportunities for what I'm interested in. And an extra year of work experience post-MBA is much more valuable than an extra year pre-MBA, both financially and in terms of career advancement. So while an M7 school on my resume would have been nice, it wasn't worth the wait - especially since it still wouldn't have been guaranteed. My company promoted me anyway even after I told them I was definitely leaving, so that was nice.
If going to an M7 school would drastically improve your chances of fulfilling your post-MBA career goals, then I would consider taking the promotion. But I wouldn't postpone my plans just to hold out for a more prestigious name.
