Hi Hobbit,
Thanks for a sensible reply and for letting me know. I am aware of the stats of admission and what you say can really happen. Hence
a) I've planned to apply wide and deep, but only after good researching of professors, their interests and my career goals. I guess this would make my SOP compelling. And,
b) I'm thinking of getting some research done before applying since I've nearly an year of time at hand, along with some professors. I ain't sure how much this will help. Let me know what you think. Although I can resign my current job and become a full time Intern at a bschool, I don't want to do it because I want to save some money in this one year for grad school.
Now here's the additional information that you'd asked for.
Research interests
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Competitive and co-operative strategy with alliances. Game theory. Government regulatory environment, business performance and social welfare. Macroeconomics.
Career goals
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I want a research career. If I can publish a lot of papers in my initial years and a few books after my career has matured, I'll consider having attained my goals. Being a board of director and a business journalist after retirement is also in my mind. And yeah, I love teaching.
I'd forgotten to mention my work-experience.
Work-experience
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6 years total while applying, 4 years post MBA in international, Fortune 50 companies.
Consulting (ERP Finance & Financial Services) is my job. Hope my work-ex will help because I'm applying for strategy in the management area.
What else can I do, to make my resume stand out?