Does Your Undergrad Affect Post-MBA Job Search?

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In the spirit of not sounding redundant, I am going to OMIT the long version of my profile. I have posted it elsewhere with a lot of response, and I feel I have a pretty good handle on my leadership/work experience (please feel free to check it out for further information!).

GMAT: 700
GPA: 3.21 While working full-time in a leadership role (zero prestige, if not actual negative prestige university)
AGE: 29
White/Male (Hispanic/Latin America influence, wife is mexican but apparently I can't apply as hispanic! Dangit. I can speak to "diversity" though.)

So, here is my situation: I applied to a total of 2 schools in R3 of last year. School #1 (top 20 midwest school) offered me admission and a fellowship/GA worth 40% of tuition. I applied and interviewed maybe 2 weeks later and got my acceptance letter within 4 days. So, needless to say, the process was very quick. School #2 offered me an interview, and I just declined because school #1 was my first choice and I already knew I had received admission there w/scholorship. Even if school #2 (top 25 school) was to give me a full ride, I would have gone with school #1. No point in wasting their time.

So, my dilema is as follows: I'm having a very tough time gaging myself as a canidate. Due to the R3 aspect, I only applied to the two schools because I didn't want to go at my stretch schools in R3. I was going to apply to everything in R2, however my work situation presented an opportunity for a promotion, which I was in the running for (1st runner up! - lame) and I couldn't ask my boss to write me a recommendation for full-time Bschool while I applied for a promotion. Therefore, I had to choose. I chose wrongly apparently.

Now I'm in a situation where I have a decent school, I'm accepted, and I received some $$, however only about 25% of the total sum when including living expenses, and if you factor in lost income, only about 12%. I'm toying with consulting post-mba, however I'm not 100% sure... I'm still working through how it will play out. What I'm curious to know, is whether or not I have a shot at my "top choices" like Northwestern, Tuck, etc. I feel I fit in at those schools with my general management background and my overall personality; more humble, mid-western-ey which I hear Kellogg is like.

So, my question is a complex one. The school I'm accepted to placed two people in MBB last year, as well as 5-10 into Deloitte/etc. Overall, about 20% go into consulting. I'm assuming I would be most likely to get a tier II, more local consulting gig if I stay on my current path. I wouldn't get as much exposure to the MBB as I would at, say, Northwestern (I don't think they recruit on campus) and it would be a lot tougher. I'm guessing for someone with a 700 GMAT and wonky undergrad it would be about impossible to get my "foot in the door." However, at the same time, it may be impossible to do even if I went to HBS.

I know it's all about how you interview, the cases, who you know, etc.. but does anyone have any experience with the top firms (whether it be consulting, finance, rotational leadership programs, etc) heavily scrutinize your undergraduate degree? I find it kind of far-fetched that McKinsey would hire someone who shows up with an undergrad from the U of P... but maybe post-MBA nobody cares much about undergrad anymore (this is what I'm hoping! I'd like to erase that from my history).

Also... what is R3 admission with 40% scholorship worth in terms of top 10 R1 applications? Would one be able to assume (again, I know there are so many factors and impossible to evaluate) that a R3 scholorship indicates a very strong candidate at that particular school, and perhaps indicate the possibility of getting into a "higher ranked" school. I have a follow up question as well. How much does school "help" you? I.e. Deloitte recruits on campus at the school I've been accepted to. Do I have a better chance of getting into Deloitte if I go to Kellogg vs my current school, or as long as you get exposure, i.e. on-campus recruiting, your chances are dead even regardless of the school? Is it better to be in the top 25% at school B as opposed to at or below the 50% mark at school A, where school A is ranked significantly better than school B?

So many questions! It's almost like a massive case study - in fact, I should do that! Haha.

PROS of waiting and applying:
1. Chance of a better school
2. More time to save.
3. Still have a "backup" school - better know my "range."
4. Another year of work experience to concentrate on doing awesome things.

CONS of waiting and applying:
1. Wait another year - lose money (assuming my post-mba salary is higher than my current)
2. I will be 1 year older, applying as a 30 year old (32 at matriculation.. I think 32 was the oldest student Kellogg had last year. Not encouraging)
3. Better schools are in more expensive markets - investment will go way up. Also, I'm assuming I'll be lucky to get accepted and should not expect a scholorship.
4. Currently fairly unsatisfied in my job, have to stomach it another year.
5. Chance that my job gets better, I get promoted, invest another year, and my dreams fall by the wayside as I accept my mediocre life in middle management.

Insights?! Thanks! I know this is a tall order and my posts are ridiculously long, but to some extent it helps me to write them out in order to organize my thoughts in some meaningful way. If someone actually takes the time to respond to this, I will be forever grateful!

Jeff
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by CriticalSquareMBA » Fri May 03, 2013 8:30 am
Hi Jeff,

If consulting doesn't work out, you should consider writing a novel :)

I'd be happy to provide my insight into your current situation. If any of it sounds strange or you have additional questions, feel free to ask! I'll try to follow two main thoughts as much as possible (that's how I get my thoughts in order!).

Also, congratulations on getting accepted with money! That's a great accomplishment and regardless of what you decide, something worth applauding!

Consulting:

If MBB doesn't come to your campus, your chances for a job there go down drastically. If you were to know people (do you?) in one of these firms who could perhaps push you through, that would really be your only option. If the program you're looking at only took in 1 or 2 last year, that means they were stellar students, had strong GMATs, and were probably involved in the right activities. So, it isn't impossible, but it is improbable. Tier 2 firms such as Deloitte are a much better option and they tend to view recruiting a little more holistically (e.g. not as many hard cut offs - they still have some, don't get me wrong) but there's a little more wiggle room. As for your undergraduate degree - doesn't matter. A consulting firm hires MBAs (and at times, requires MBAs) because of what it shows their clients. In other words - when would you ever tell a client where you went to undergrad? In their eyes, if the adcom let you into the school, it was good enough for them so they'll just let it go.

Now - to a top 10 program. It is still difficult to get a MBB placement at these schools but slightly less so. Firstly, don't underestimate rank and prestige. They want someone to tell a client they went to #4, not #18. Secondly, they recruit more heavily. They have more slots, more events, and more alumni. So there is a vested interest in helping you succeed. You can get your foot in the door far easier in these programs. It will make a difference. To your last point, your chances go up across the board the higher the rank. Tier 1 and 2.

Your Candidacy:

This is incredibly difficult. If your job is unsatisfying, it will not improve your candidacy. The experiences will not be differentiators and you will be left with an older profile with the same work experience. This is a gamble. However, if you got a scholarship at your university there is a chance you could bump up a little. How much is hard to tell - I know that's a frustrating answer but this is where a conversation would really provide some benefit.

My Thoughts:

An MBA is an investment and you want to make as good an investment as possible. You want a strong education, a strong brand, and a strong network. If your end goal is to move to consulting - be it top tier or second tier, you need to set yourself up for success. And that means more than just getting the job - that means being successful at it. It also means having options when you want to leave it.

Here's my suggestion. Apply again next year. Yes, you'll be a year older with a job you don't love, but in that year you can do things to make your candidacy stronger. You can put forward a better story perhaps. Even a better structured one will improve your chances! Pick some logical stretch options and go for it! If you don't, you'll never know and you can always re-apply to the program you've been accepted to. You would have to mention to them why you're not attending (obviously you wouldn't say you want to go somewhere better but a more realistic answer) and say you want to stay in touch and will definitely re-apply if they don't offer a deferment. If they do, great, you have a back up option in your pocket and you didn't even lose anything!

At the end of the day, you can't go into an MBA and the rest of your career having left options unexplored on the table. You need to go to the best possible option and if that means they don't give you money or give you less of it, well so be it. That's a decision you can make at that point in time. But at least you'll have all your cards on the table and better set of options to choose from.

What do you think?

Bhavik
Critical Square | MBA Admissions Services

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