Evaluate Age, experience and graduate degree please

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Joined: Mon Feb 09, 2009 1:57 pm
GMAT Score:710
Hello:

I have several questions. I guess I should start by giving a little color on my background. I’m currently 29. I may apply for an MBA next fall or the year after. My are my stat’s

Education:
710 GMAT
Vanderbilt MS Finance, 3.8 gpa, Class of 2009
State school (finance major), 3.8 gpa, Class of 2005 summa cum laude
CFA: Passed LIII – will be charterholder by application time.

Military:
2 year stint as active duty enlisted man (combat arms) between high school and college. Enlisted to get college money

Post collegiate Work experience
1 yr as analyst for valuation consulting firm (ok)
22 months managing accounts receivable (weak for top 10)
Current position: Client Relations / Analyst position for asset management firm. I started in May (and I’m already seeing increased responsibility). I will have 1.5 yrs by next January. (strong)

I’m targeting schools in the top 10. My Targets are Columbia, MIT, UChicago, and Dartmouth. Fallback is Darden and my reach is Wharton.

Questions:
- Is 31 or 32 too old for those schools? Without the military time I would be in the average age range.
- Will applying after only 1.5 years on a new job be too soon? I’d prefer applying next year, but I would wait if my admissions chances significantly improved.
- How will my total experience be viewed? I will have 4-5 years of post collegiate experience at application time, which seems to be the norm. However, adding my army time brings me to about 7 yrs. Is that too much? Or will it be discounted because it is “Pre-collegiate”
- How much is the CFA an asset at “finance centric” schools such as Columbia and Chicago?
- How will my MS Finance be viewed? Will they like the fact that I have performed well at the graduate level? Or will they think of MSF+MBA as overkill?

And Finally: I plan to work with a consultant to hone my essays and interviews, and help determine my ideal schools. Given my background and a (hopefully) well crafted application, do I have a realistic shot at the schools above? Or should I be looking at schools in the 10-20 range?

I know this is a lot to answer. Thanks a lot. Maybe we’ll be working together next year!
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by Lisa Anderson » Wed Jul 29, 2009 3:37 pm
Dear vandymsfdude,

I think you have a shot at any school if you put together a strong, overall application. Being in your early 30's is not too old and you are still right in the mix of the majority of MBA students. When to apply depends on when you feel you are ready. I think if you have at least 2 years by the time you would enter school, then that would be sufficient. Your total experience will be viewed in whole, including your military experience, and evaluated based on your accomplishments and progression in each job. There is not "too much experience" as schools care more about the quality of the experience than the quantity.

As for the CFA and the MSF, it depends on your career goals and how well you connect the dots between all of your education and experience to those goals. So, if you have a solid rationale for doing a MBA in addition to the education you have already completed, then earning a MBA will not be "overkill". The CFA is not something schools will require nor expect you to have, but it can sometimes help in terms of demonstrating your quantitative proficiency. Since you already have a MSF and do a quantitative job, then a CFA is not going to affect your MBA admission chances. However, if the CFA is something you plan to pursue for your future career, then it certainly won't hurt to start taking the exams prior to business school.

Best of luck,
Lisa
Lisa Anderson
Consultant
Stacy Blackman Consulting

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