Economics and Finance courses

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Economics and Finance courses

by aleph777 » Thu Feb 10, 2011 2:50 pm
I'd like to understand whether or not taking additional classes in economics or finance can have an effect on how an admissions board views your application.

Very briefly, I went to an extremely small liberal arts school for undergrad. I earned a 3.6 GPA, but I also have no math or science courses in my background. It was all English Lit, Philosophy, and languages.

I'm aiming for at least a 720 on my GMAT.

And in terms of work experience, I run a small publishing company and I have been both an art director and the director of strategy at a mid-sized advertising agency in New York for 5 years.

Finally, I'm applying to several top ten US schools, and Harvard's admissions criteria page, for instance, states, "you must, however, demonstrate the ability to master analytical and quantitative concepts." And I can't tell if they're implying, look, if you kill it on the GMAT, that's demonstration enough, or if they're saying, you need to have basic finance/econ under your belt.

I'd love a little insight into this.

Thanks!
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by paulsbodine » Thu Feb 10, 2011 5:21 pm
aleph777,

I do think you would help yourself by acing calculus and statistics in addition to scoring a 720. If you do, you will put to bed whatever doubts your liberal arts background poses and make them focus on your splendid differentiators: running a small publishing company (that's a very big asset right there both in terms of leadership and industry distinctiveness), art director, and ad agency experience. When HBS sees an interesting profile such as yours, they ask, but is s/he solid enough (the numbers), so the extra coursework would help show that solidity.

Feel free to send me your resume for a closer look. You seem like you may have the right stuff ...
Paul Bodine
Author, "Great Applications for Business School," "Perfect Phrases for Business School Acceptance," "Perfect Phrases for Letters of Recommendation"
https://www.paulsbodine.com/
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(858) 869-1959

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by bizschoolprep » Mon Feb 14, 2011 7:02 pm
aleph,

Usually the alternative transcript is developed by those who have some major concerns on GPA or GMAT. If you have a 3.6 GPA and you get a good GMAT score (especially in the Quant section), that should be enough to indicate sufficiency in your abilities to handle the quant part of the MBA coursework. I have not heard of one case with 3.6 GPA and strong GMAT being told by the adcom that "we have concerns on your quant skills!". Instead you should use your time to develop the rest of your application.

Good luck!
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by aleph777 » Tue Feb 15, 2011 10:03 am
Thanks, Biz School Prep. All I've heard so far is that when a student comes from an exclusively liberal arts background (again ZERO math classes), it's advised to get your feet wet, if not for adcom, then at least for your own peace of mind, so you know what you're dealing with come autumn.

Thanks, again!

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by bizschoolprep » Tue Feb 15, 2011 5:58 pm
aleph777 wrote:Thanks, Biz School Prep. All I've heard so far is that when a student comes from an exclusively liberal arts background (again ZERO math classes), it's advised to get your feet wet, if not for adcom, then at least for your own peace of mind, so you know what you're dealing with come autumn.

Thanks, again!
aleph777,

Once you get admit to the school, many a times school ask you to do some prep work such as mbamath.com, etc to get your feet wet before you start attending the classes. You are, ofcourse, absolutely free to take any prep work you want for your own reasons. One of these is a CABM certification.

Good luck!
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www.bizschoolprep.com , Know what makes us different!