GMAT 780, Poor Family, Advice Sought From Experts/Seniors

Question

hello

bb · Answer

Well... there are plenty of poor applicants who are rich in spirit and ambition.

You will definitely be able to get into a top 50 school with a scholarship but you will still need about 25-40k per year for living expenses. I don't see why you would not try a spectrum of schools. Many can offer a scholarship but again, you need a plan for living expenses. Some schools may help with a fellowship such as Owen Vanderbilt.

You may be able to borrow from prodigy finance for living expenses. I would check with them as to how much you need if you get a full tuition scholarship.

PS. 
I don't know what a gold-medalist is.... sorry.

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Mo2men · Answer

It is really very strong GMAT score. However, you need to focus on other issues. You are still young with low WE compared to others. This will affect you resume and essays . You need to now the pool of candidates you compete with. It is usually (Indian male IT). We have good here in our website rejected albeit their big GMAT score. GMAT is onr component. You need to build compelling essay that show your progress and strong recommendations too.

Good luck

Good luck

DazednConfused · Answer

Thank you so much sir for ur prompt reply. Much appreciated..... Actually, as I mentioned before, I am targeting those programs which also provide annual stipends. Like Rice Jones Crownover Scholars get 25k/year. OSU Fellowships also reward you handsomely. Simon Rochester same. Anyways, a loan of 30k is not much of a headache for me coz Consulting firms like Deloitte alone pay a signing bonus of 25k. But the most important question that u seem to have skipped is how much of a disadvantage will graduating from a Tier-2 college (among the Top-3 students, say) have over graduating from the fabled M7?? Are the rumours of a bias in the industry actually true??? OH! P.S. - "Gold Medalist" in India is usually referred to the Topper of the batch, i.e. summa cum laude

DazednConfused · Answer

Thank you so much sir for ur prompt reply. Much appreciated.....
Thank you for the inputs but the most important question that u seem to have skipped is how much of a disadvantage will graduating from a Tier-2 college (among the Top-3 students, say) have over graduating from the fabled M7?? Are the rumours of a bias in the industry actually true???

bb · Answer

Nobody really cares what grades you got in your MBA. That's not what you are hired for. Very few people fail to graduate from the bschool and most employers really really really do not care what grade you got in org behavior or microeconomics principles class. You just have to maintain a certain gpa to maintain your scholarship and to graduate but those are quite low.

It is your work experience, speaking and interviewing skills and networking and accomplishments outside of the classroom (internship, competitions, volunteering, and involvement) that count.

As to your question, nobody knows the exact answer.

PS. Did I mention that the grades in MBA don't matter?

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sayak2708 · Answer

Hi, am having nearly the same situation, but, in a different manner, I just want to know the kind of effort required in order to attain such high scores. Please advise.

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Gaurav9588 · Answer

Dear Sayak,

A 750 is equivalent to around 98%ile. This 98%ile is calculated on the base of all well qualified and well prepared (at least 3 month rigorous preparation) candidates who attempt GMAT exam every year.
Recommendation-01: Take a Diagnostic Test. and check your current score/level.
Recommendation-02: According to your score follow a study plan for next few months.

Mo2men · Answer

I advise you to read BB's post here. You will get great insights about value of 10 top 10 MBA. value-of-a-top-10-mba-213365.html i hope it helps

felippemed · Answer

With this score, you should be teaching GMAT. You could easily make $200 per hour of class, and start your Sport Management Firm tomorrow if you want to, even as a side business.

Come on man... look beyond the MBA world. It is full of opportunities.

HiLine · Answer

Apply to Harvard and Stanford. If you get in, they may cover all your expenses.

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