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IVY MBA

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About IVY MBA

  • Birthday February 27

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  • Occupation
    Management Consultant, Marketing Instructor

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  1. Just use a different email address and you can do it again.
  2. It gets annoying when people continually post this type of question. Many schools would be just fine for you. What's worse, you want people to suggest schools and you don't even post a GPA or GMAT score. GOOGLE.
  3. For your SOP tell the admissions committee what they want to hear. If your career goals don't coincide with what they want the alumni to do, it could hurt your profile. For me, I told them about some ambitious goals even though I'm not sure if I'll actually ever pursue any of them. For instance, if you told them your main reason for getting an MBA is to be able to write books on management, they probably wouldn't be too pleased. As for real career ideas, don't strain your brain too much now because you will meet a lot of people in class and industry who will help you figure that out.
  4. A low GPA doesn't necessarily mean you won't get in. Schools often use a formula to determine the competitiveness of an applicant. The formula could be something like this. "GPA x 200 + GMAT = 1300" In this example, 1300 is the cutoff, so if you score below that you will not be accepted. Ex. (3.2 x 200) + 660 = 1300 In this example, you would still make the cut off with a 3.2 GPA.
  5. If you want to stay in banking and finance, a CFA designation will be very helpful. However, since it's not a masters degree you "may" hit a glass ceiling in your organization or deprive yourself of bigger salary that could have had if you earned MBA. I'm not sure if it would be worth the effort to take more classes. I believe almost all admissions committees base your GPA on the last two years of your degree or on your full four years, but not on classes taken afterwards. Although they may consider classes taken after your degree, it seems hard to believe considering people could enroll themselves in the easiest possible classes just to boost their GPAs. Work experience....it matters more on what you did and your level of responsibility than what company it was for.
  6. I got a 6.0 by using a structured format. Use a template!!! The GMAT graders need structure!! First of all you need an introduction. The issue of whether a competitor is beneficial to a company is a controversial one. On the one hand, competition forces a company to be as efficient as possible so that it can offer the lowest possible prices to the consumer. On the other hand, competition may result in less demand for a company's products or services, since total industry demand is now shared. In my final analysis I believe competition to be ___________ to a company. (yea, it's crappy but you get an idea) Most *beneficial* not beneficiary. Mistakes like that will cost you because it's clearly not a typo. Be careful! You should have 3 to 5 different points in support of your position. No less than 3! Structure your body... First, companies ...... Second, it may be..... Third, ...... (this again reinforces structure) Structured conclusion to finish it off. 2.5-3.0/6.0 http://www.www.urch.com/forums/just-finished-my-gmat/114848-470-700-my-second-try-say-aint-so-3.html Page 3.
  7. Yes, 3.6 is just an average and people were accepted with GPAs well below that. But since 3.6 and 715 is average, with a lower GPA you will probably need a GMAT higher than 715. You will always hear stories of some guy's buddy who got into Harvard with a 620 GMAT and a 3.1 GPA, but these are RARE. Play the odds and get a GMAT over the average. A score over 715 with an exceptional story, strong work experience and minority status should make you somewhat competitive. As you mentioned though, apply to other programs that are less prestigous to ensure you will get into an MBA program.
  8. From what I understand, most MBA programs are using the last two years worth of courses to calculate admission GPA. I'm pretty sure that they don't care that you only performed poorly in science classes. If they did, then it becomes a subjective battle of what candidate is really better. Do you know what I mean? Is someone with a 3.8 in a B.Sc (chemical engineering) as competitive as someone with a 4.0 in a BA (sociology)? Yes an engineering degree is harder, but that can't be taken into account. A class is a class and a degree is a degree. This is just what I understand. Someone correct me if I'm wrong.
  9. There are so many schools that would probably work for you. You need to be more specific as to what you are looking for in a program. It's like me saying I'm 27 and I want to spend $30,000 or less. What kind of car should I buy?
  10. I would say you have a chance, yes. However, alot of applicants apply to the Stanford PhD program with a similar GMAT score and a higher GPA. Also, many applicants have extensive research experience in their intended fields of study. However, MIT is a great school. I guess all I can say is, when applying to one of the best PhD programs in the world, don't get your hopes up too much. Talk to admissions if possible and see if they can guage your competitiveness.
  11. In my opinion, if you have a degree, a CFA designation and a desire for a career in finance and banking, you don't need an MBA. Back to your question. Top tier school with 3.0 GPA, your odds are slim my friend. I'm not going to say never because "you just never know". But I'd say you would need 760 on the GMAT. Top tier MBA programs admit applicants with an average gpa of around 3.6 and with a GMAT of 715. Check out Wharton stats.
  12. Glad I could help. It would have been priceless to see your face when the 700 popped up onto the screen. haha
  13. I'm stoked for you man. That is the craziest improvement I have ever heard of. Congrats!! What programs are you applying to? I saw you as a GMAT hater, but now as a GMAT Master!
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