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IVY MBA

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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!
  14. Competitive......Whether it's competitive or not is relative to who your competitors are. What programs are you targeting? It might be clear whether you are competitive once you know who you are up against. Check out the sites of the programs you're interested in and view the applicant profile. The average GMAT and GPA will be right on there. Doing that will be more helpful than anything someone on here could tell you. 650 is a respectable score and should be sufficient for many schools.
  15. www.FloridaTechOnline.com/MBA Lax admission for you. No GMAT required!
  16. I solve problems in very weird ways, but I'll let you in on my method anyway. If those machines can do the job in 2 hours then it means that in one hour, with the machines working together, the job must be half done. Machine R in one hour 1/36 of the job complete + Machine S in one hour 1/18 (or 2/36) of the job complete One hour together they have 3/36 of the job complete (add fractions) However, we know that they can do the job in 2 hours. That the fraction of 3/36 must be a fraction equal to half (half the job should be done by now) so it SHOULD equal to 18. What combination of Machine R and Machine S has a numerator of 18? 1. Let's choose 3 Machine Rs = 3/36, and since the machines are equal in quantity that means there must be 3 Machine Ss = 6/36 (2/36 or 1/18 per machine). Add the numerators to see if half the job is done. 3+6 =9/36...not half 2. Let's chose 6 Machine Rs =6/36 of the job is done in one hour, and 6 Machine Ss =12/36. 12+8=18.....18/36 is half the job. There are 6 Machine Rs. Answer #3.
  17. 1. 2 to the power of 3 (subtract 1 from 4). 2. The exponent 3 is then to the power of 2 = 9 3. DIVIDE BY "2 to the power of 1" 4. When you divide you subtract exponents. 2^9/2^1 (9-1= 8) Hope that helps.
  18. Hey, OP, how many CATs did you do? As I've posted in other threads, do 6 or more CATs to improve your score and guage where you're at before you throw another $250 on the table. Check out the link on this site for online practice tests. Since I'm in a good mood, I'll share one of my favourite quant tricks with you. BOW TIE. You may have already known this but it's the easiest way to figure out which fraction is bigger. 7 OR 6 12 11 Multiply 12 by 6 = 72. That's the value of the fraction on the right. Multiply 11 by 7 =77. That's the value of the fraction on the left. Left value is bigger, hence, 7/12 is more than 6/11. I actually got a question on data sufficiency and had I not known this, I would have got it wrong.
  19. This question is so open ended that it's hard to answer. It can only be answered on a school by school basis. Is 550 enough for Wharton or any other Ivy league school? I'll put my money on NO. Is 550 enough for a lesser known, accredited school? Maybe. Look at the statistics on the school websites and see where your GPA and GMAT scores rank. If your GPA is much higher than the average of admitted applicants, maybe a GMAT of 550 would suffice. Schools typically take a holistic approach to examining an applicant's admissions package. A low score will not guarantee rejection just as a high score does not guarantee acceptance. If your GPA is strong and you have sufficient work experience, many schools would accept you.
  20. What were your scores on the practice tests you did? How many CATs did you do? I'm always surprised when people talk about how they didn't score as well as expected. If you average the scores you received on the 8 CATs you did, I bet your official score comes right in around that range. Nerves on the actual test day may throw your score off somewhat, but I was just as nervous on the actual day as I was at home when I did a CAT. Also, when you're at the test centre and you have those initial instructions that are timed, use all the time and just slowly read or just sit there. Take deep breaths and relax during the time before you get the first question. If you have been through all the official guides and prep books, focus on doing practice exams (timed ofcourse). CAT CAT CAT CAT CAT! I cannot stress this enough. Don't even register for your next test until you are EXCEEDING your desired score on practice tests. This way, if nerves kick in on the real day, your score can drop but still be right where you need it to be. I'd say once you are consistently getting 610-630 on practice tests, then you should be able to reach your goal of 600 on test day. At that point, go ahead and slam down another $250.
  21. Certain schools place more of an emphasis on the AWA than others do. If you are a foreign student, a school will probably pay some attention to it. However, a score of 710 is excellent, so the AWA will not destroy your chances of being accepted. Some schools have a minium score requirement for the AWA, so in this case it could hurt you. There are so many variables and each school is different. I would say if you're applying to a school that has an average GMAT score below your 710 and if your GPA matches the average GPA of accepted applicants, then the AWA won't matter. This really isn't a yes or no question. Write a strong statement of purpose and hope for the best.
  22. OP, why don't you read the question first in the verbal section? For me, if I don't read the question first, I have to read the passage, read the question, then re-read the passage (or atleast a good part of it). In other words, for me it would be far more time consuming to not read the question first. Also to keep track of time, if I'm having difficulty with a question I give myself a time limit. I say, by the time the clock counts down to 37:00 I must make a decision on this question. Also don't waste time on questions in which you will probably end up guessing on anyway. Ofcourse this entails using a great deal of discretion, since you don't want to give up on a question that appears hard but you could have solved. It seems a bit scary, but if you read a question and know that you will probably not figure it out, make an educated guess and move on. If you got it right, awesome. If you got it wrong then oh well, at least you will have alot of time to spend on questions that you can actually get right. I used to look at a hard question, have no idea what to do, and after 5 minutes just guess. Well, in most cases my guess was wrong and I just wasted 5 minutes and got absolutely nowhere.
  23. I feel your pain. I hated the verbal section so bad that I refused to study for it. It came back to bite me, but I still got the score I wanted. Those long reading comprehension passages are BRUTAL. Just practice, practice, practice. Focus in on your problem areas, more specifically than "verbal". Do you lose concentration on RC? Are you reading the question first?
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