730 on the GMAT - Should I Aim for a Better School?

Figure out where you wish to apply
This topic has expert replies
Newbie | Next Rank: 10 Posts
Posts: 1
Joined: Sat Apr 21, 2012 2:52 pm
I wrote the GMAT last week in order to complete my application to the University of Alberta's part-time MBA program and got a total score of 730 and 5.5 on the essays. Applying for the MBA program was just something I decided on a whim last month when a friend asked if I wanted to join him. Since then my family and friends have been pushing me to apply to some of the top American schools. I have 2 years of work experience as a development engineer and some experience in public relations helping a non-profit organization.

While a degree from one of the top 25 business schools would probably be better than one from my local university, cost is my main concern at the moment. The cost of tuition at the University of Alberta is only $25k, while tuition at all of the top schools in the U.S. seem to be above $100k, and that's not taking into account quitting my job and moving. I only have $60k in savings. If you guys were in my situation, would you aim for a better school or not bother and just go to your local university?
Source: — Research MBA Programs |

User avatar
Master | Next Rank: 500 Posts
Posts: 105
Joined: Sat Sep 24, 2011 6:16 am
Thanked: 21 times
Followed by:3 members
GMAT Score:700

by Bschool2013 » Sat Apr 21, 2012 7:30 pm
$60K in savings is a lot better than most students!!! Also, there are loans and other financial aid available - don't be afraid to take on some debt, it's an investment in the rest of your life. I don't want to sound snobby, but a top MBA will open more doors than the Alberta one.

Finally, it can't hurt to apply, and if you decide in the end it's not worth the money, then at least you explored the option. The reason I say this is that with a 730, depending on your undergraduate record, you could be looking at some merit-based scholarships. Maybe not at H/S/W, but some schools ranked 10-20 might throw some cash your way.

Best of luck in making this tough decision!

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 3135
Joined: Fri Apr 01, 2011 8:55 am
Location: Everywhere
Thanked: 589 times
Followed by:332 members

by Jon@Admissionado » Sun Apr 22, 2012 11:42 pm
You Family and Friends are very wise. With a 730, you should be able to get into a top 10 program (probably, depends on work experience undergrad grades etc...) but a top 10 diploma will make a COLOSSAL difference, and BSchool2013 is totally on the ball: it's an investment.... and if you aren't yet convinced look on the Financial Times ranking website: https://rankings.ft.com/businessschoolra ... kings-2012

At the column with the stats on salary increase, and do the calculations yourself.... it's worth it.
"Hands down the best MBA admissions consulting firm of all-time, and boy, what an incredible founder!" -- Raj Patil, Founder of Admissionado

Something for everyone:
https://admissionado.lpages.co/admissio ... nter-2018/
https://admissionado.lpages.co/50-essay ... ked-vol-4/
https://admissionado.lpages.co/case-studies-lp/
https://admissionado.com/mba/reviews/
https://www.glassdoor.com/Reviews/Admis ... 700945.htm

Reach out, and let's gab. Our only requirement is that you don't prefer warm milk over cold milk. Everyone else, 100% welcome.
Email: [email protected]
Phone: 866-409-4753
Hit us up on WhatsApp.
Ping our satellite: 0884#&@-2#101101
Contact us via web form you lazy git: https://admissionado.com/contact/
Mostly, email Claudia.

User avatar
Legendary Member
Posts: 2109
Joined: Sun Apr 19, 2009 10:25 pm
Location: New Jersey
Thanked: 109 times
Followed by:79 members
GMAT Score:640

by money9111 » Wed Apr 25, 2012 6:44 am
I can say that I did NOT have $60k in savings upon entering b-school haha. I wish!!!!!! I actually have a classmate here at Johnson with me who is from Calgary. I can put you in tough with her if you'd like.
My goal is to make MBA applicants take onus over their process.

My story from Pre-MBA to Cornell MBA - New Post in Pre-MBA blog

Me featured on Poets & Quants

Free Book for MBA Applicants


Newbie | Next Rank: 10 Posts
Posts: 8
Joined: Fri Aug 17, 2012 3:40 am

by belljason92 » Fri Aug 17, 2012 4:05 am
The cost of attending some of the top B-Schools in the US can be astronomical, but there are other great schools that offer an MBA for much less. I would recommend that you compile a list of A) schools in the US that you would consider attending B) their reputation and C) the cost of tuition at each institution. As long as the school is ranking in your industry, you will have tons of MBA career options