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What GMAT should I shoot for?

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gaude
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What GMAT should I shoot for? [#permalink] New post   15 Mar 2005, 15:39
Hi Guys-

Here is my profile. I am taking the GMAT in a couple months and wanna see what I should shoot for (besides best I can possibly do). I have been averaging around 680-700 on the practice stuff.

School choices - HBS, GSB, Sloan, Columbia, Wharton, Kellogg.

Here are the stats:
U.S Citizen - Indian Origin - Male - 29 years old
Undergrad - Computer Engineering. GPA 3.4/4.0 - medium school (not top 10 )
Graduated high school when I was 15 (as though this matters anymore...lol)
11 years of work experience. Will likely be 13 years when I apply.
Published at several conferences (technology)
SUN - 3 years - 4 single inventor patents - Microprocessor Design, O/S design

I have been a serial entrepreneur for the last 9 years.

Founded Company 1: built to 500K in revs and sold - technology consulting

Founded Company 2: currently at about a $750K run rate - technology consulting - continues to survive and managed by strong operator. Might exit out of this company before applying to B-school

Founded Company 3: Infancy stage - no contracts

Founded company 4: Roll-up company in the technology space (currently serve as the CTO) - raised about $40m capital (equity/debt) - offices in East Coast , New Mexico, India, Canada - total of about 150 people in the company. $15m in revs - very profitable

Lots of venture consulting gigs in the last many years.

Actively involved in two very very strong entrepreneurial non-profit groups.

Founder of a community service organization that currently has over 100 volunteers mentoring kids in high school.

Wanted thoughts/opinions on what to shoot for in GMAT and areas that I can beef up over the next couple years. Sorry about the long post.

Thanks
-- Gaude
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Re: What GMAT should I shoot for? [#permalink] New post   15 Mar 2005, 17:41
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gaude wrote:
Hi Guys-

Here is my profile. I am taking the GMAT in a couple months and wanna see what I should shoot for (besides best I can possibly do). I have been averaging around 680-700 on the practice stuff.

School choices - HBS, GSB, Sloan, Columbia, Wharton, Kellogg.

Here are the stats:
U.S Citizen - Indian Origin - Male - 29 years old
Undergrad - Computer Engineering. GPA 3.4/4.0 - medium school (not top 10 )
Graduated high school when I was 15 (as though this matters anymore...lol)
11 years of work experience. Will likely be 13 years when I apply.
Published at several conferences (technology)
SUN - 3 years - 4 single inventor patents - Microprocessor Design, O/S design

I have been a serial entrepreneur for the last 9 years.

Founded Company 1: built to 500K in revs and sold - technology consulting

Founded Company 2: currently at about a $750K run rate - technology consulting - continues to survive and managed by strong operator. Might exit out of this company before applying to B-school

Founded Company 3: Infancy stage - no contracts

Founded company 4: Roll-up company in the technology space (currently serve as the CTO) - raised about $40m capital (equity/debt) - offices in East Coast , New Mexico, India, Canada - total of about 150 people in the company. $15m in revs - very profitable

Lots of venture consulting gigs in the last many years.

Actively involved in two very very strong entrepreneurial non-profit groups.

Founder of a community service organization that currently has over 100 volunteers mentoring kids in high school.

Wanted thoughts/opinions on what to shoot for in GMAT and areas that I can beef up over the next couple years. Sorry about the long post.

Thanks
-- Gaude


RE GMAT: Just aim to earn the best score you can get. There is not such thing as too high a GMAT.

The biggest question I have about your profile is why on earth do you need an MBA? Given your impressive experience and business achievements, what do you hope to gain? Make sure that in your application you make your reasons and goals crystal clear.

Also, clarify that you will not be working during business school.

Finally keep doing what you have been doing. If you can add an int'l element (if it isn't already there), then perhaps try to do so.

Good luck!
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gaude
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Pondered this a lot [#permalink] New post   15 Mar 2005, 18:04
Dear Julie-

You ask very good questions re: What I hope to get out of an MBA. I have pondered this several different ways and it always boils down to two things

1) While I have operated and have a bunch of experience around building and running businesses, one area that I need to beef up on is financial economics. Being an engineer by training, I have learnt a variety of stuff from CFOs that I have worked with, but always feel that there some training that will help in this regard. Also, the MBA seems to be a good baseline platform and could aid in a Technology Entrepreneurship into Venture/Debt/Equity finance transition if I ever choose to do so.

2) Credibility and network: I have prolly been to around 150 venture/equity pitches for many rounds of fundraising. I notice first hand the bond that folks form by being from the same or comparable alma mater - the legendary "old boys network".

My current thinking is that I will have some clean exits out of my current business < 3 years. So, when I start B-School, I will be doing that fulltime and not working, but enjoying the B-school experience.

Linda - I am trying to debate on amount of time to spend beefing up the GMAT score up from this 680-700 range to north of that. Is it your sense that the benefit I will get from a 720-730 will only be marginally better than a 680-700 or it will make a decent difference?

Thanks much
-- Gaude
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Re: Pondered this a lot [#permalink] New post   16 Mar 2005, 16:03
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gaude wrote:
Dear Julie-

You ask very good questions re: What I hope to get out of an MBA. I have pondered this several different ways and it always boils down to two things

1) While I have operated and have a bunch of experience around building and running businesses, one area that I need to beef up on is financial economics. Being an engineer by training, I have learnt a variety of stuff from CFOs that I have worked with, but always feel that there some training that will help in this regard. Also, the MBA seems to be a good baseline platform and could aid in a Technology Entrepreneurship into Venture/Debt/Equity finance transition if I ever choose to do so.

2) Credibility and network: I have prolly been to around 150 venture/equity pitches for many rounds of fundraising. I notice first hand the bond that folks form by being from the same or comparable alma mater - the legendary "old boys network".

My current thinking is that I will have some clean exits out of my current business < 3 years. So, when I start B-School, I will be doing that fulltime and not working, but enjoying the B-school experience.

Linda - I am trying to debate on amount of time to spend beefing up the GMAT score up from this 680-700 range to north of that. Is it your sense that the benefit I will get from a 720-730 will only be marginally better than a 680-700 or it will make a decent difference?

Thanks much
-- Gaude


Clearly if finance is your area of greatest weakness than you should go for a program that is strong in finance or provides a general management education while allowing you a financial focus.

Coming from an Indian engineering background, yes I would say that a 720-730 would improve your chances over a 680-700. I can't say if the improvement is worth the additional time invested. I don't know how much more time it will take you and can't be certain that the difference in score will be critical in your admission, but go for the higher score.

Good luck!
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gmatclubot
Re: Pondered this a lot [#permalink]
16 Mar 2005, 16:03

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