Looking for Advice and Help in MBA application

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Hello GMAT community,

First and foremost, I'd like to truly thank the forum and moderators for providing a wealth of knowledge - I'm really grateful for stumbling on this site.

A little about my profile, I'm currently 28 years old and self employed. I left the IB field a little over a year ago to take over my family business due to an illness with my parents. Out of college, I worked for a Boutique IB shop as one of the first employees and helped build out the firm and also worked on several landmark IPO transactions from some of largest PE firms, it is now the most dominant company in its field. A few years later, they asked me to relocate to help set up another arm of the business and I accepted the challenge and helped grow that side of the business. My family owns a restaurant and I've always been passionate about food growing up, but never to the point that I would want to work in the industry for a living. However, my family is important to me, and being the oldest son, I felt it was my duty - so I left my job and took over, viewing the move as "temporary." While running the restaurant, I've overseen two expansions and increased profitabilty and revenue, we are now looking for a second location. I honestly believe it was the hardest work I've ever done, and I learned alot about myself and people. All is good with my family now and I believe I can move forward with my own goals.

I've been dying to get back into the corporate world. My dream job would be working at a large consulting firm such as Mckinsey or Bain, or possibly a PE/VC company. I believe now would be a good time to go to business school and I've been studying for my GMAT exam and ranging 680-720 on practice exams. One caveat though - my Undergrad GPA is horrendous, 2.6. (crickets chirping). I'm not stupid, I worked nearly full time through school and even though I could have done better than B's and C's, I decided my social life was more important, so maybe immature would be a better word. Live and learn.

After lurking, it seems that a low gpa can be overcome with a high GMAT. I'll be taking the exam early July. Here's my problem, for personal reasons, I view the Top MBA programs to be the only ones worth attending. Can someone with my profile get into a top program this cycle, granted a 700+ GMAT score? Or should I wait another year, hone my essays and application, and build an alternate transcript from a local school? Will I be far too removed from the corporate world waiting another year?

Also, how do I take these classes? Do business/quant classes from a local community college suffice? Or do I have to take the classes from a big school like UC berkeley or Penn? Online? In Class? Credit/Non-Credit? PLEASE HELP ME, I'm so stressed!!
Source: — The Application Process |

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by PrepMBA.AlexLeventhal » Fri Jun 24, 2011 12:04 pm
Relax. A common fallacy is that all top b school admits have perfect records with no academic blemishes. While your GPA is indeed low (what school was this?), you will need to proactively address the issue and provide context with your employment during college. I suggest though taking full responsibility for this period and not making too many excuses. Yes your GMAT can really help so put a ton into prep and do your best with the goal of breaking 700. Quant courses can also help and I advise my clients to stick to reputable extension schools (for a grade) and avoid pure on line options.

Now, instead of focusing on what you can't change, embrace that your sacrifice for family and your successful expansion of the restaurant create a great application hook. You have more hands on business experience than many applicants who have been in largely analytical roles with no tie to action plans and P&Ls.

You may of course need to broaden your definition of a top school. Your GPA might prove problematic at a Harvard, but I encourage you to look down the list and apply to a balanced slate of schools. I have clients each year who wind up with a different target list than at the outset, and they are thrilled when the yes hits their inbox.

Bottom line, don't stress on what is done. You have the ability to shape a great story around your career detour and can prove great analytical firepower with your GMMAT and an A in a finance class.

Regards,
Alex Leventhal
Harvard MBA, 1998
Prep MBA Admissions Consulting
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by inittowinit » Fri Jun 24, 2011 12:44 pm
Alex,

Thank you so much for your response and support. I realize I cannot change the past and have decided to keep looking forward. In regards to taking additional classes, should I be focusing purely on Corporate Finance, Accounting type classes? Or quantitative classes such as statistics or calculus. I do believe I can put together a well rounded "story" for my application, and everyone assures me that the applicant is viewed "holistically", I guess I'm saying I'd hate to be judged by my undergraduate performance alone.

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by PrepMBA.AlexLeventhal » Fri Jun 24, 2011 1:27 pm
You're welcome!

Take a quant class in a subject you had not done well in before to show you are facing your past, or take a class in an area that you would not have seen in IBanking, like stats.

You are 28, so this is a good time for you to apply. In a year you will be 29 and entering at 30, and for some schools this puts you in a reduced probability pool. Don't just apply to the top 3-5 schools, as they are generally less forgiving of your type of gpa.

Alex
Alex Leventhal
Harvard MBA, 1998
Prep MBA Admissions Consulting
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by Kaneisha Grayson » Wed Jul 06, 2011 4:44 am
Hi Inittowinit,

Here's a thread where we discuss supplemental coursework: https://www.beatthegmat.com/pre-mba-cour ... 63263.html

Don't be too discouraged by your low GPA. It can be overcome with a high GMAT, supplemental coursework, and stellar essays.

Kaneisha
Harvard Business School MBA 2010, Harvard Kennedy School MPA 2010
Founder, The Art of Applying
Admissions Consulting for MBA, MPP, Joint Degrees, and Fellowships
https://theartofapplying.com

Want free advice that actually works? Sign up for my weekly MBA, MPP, and JD newsletter here: https://theartofapplying.com/newsletter/


My clients have earned over $3.1 million in fellowships from Harvard and other top MBA, MPP, and JD programs since 2010.

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by money9111 » Thu Jul 07, 2011 7:42 pm
Without going in to too much detail I will say that your GPA will hurt you. Before I embarked upon this process last year I thought to myself "oh, all I have to do is take some classes and show proficiency and that will be that." In hindsight, even though I did take action and take classes, I still believe my GPA hurt me. Thankfully, I was able to speak to why it was so low and I guess me having graduated 7 years ago SLIGHTLY mitigated that. Also, my GMAT was NOT stellar so one could make the case that it was the combination that may have kept me out of certain schools. But I'm not sure if that's the case because when I would speak to admissions officers I would notice their demeanor change when I would tell them my GPA. So yes it will be an uphill battle and yes a great GMAT score should show that you can understand the coursework.

Focus on doing whatever you can now to combat the GPA but when it comes time to complete the application, address your undergraduate performance in the optional essay. Last but not least, remember that you need to tell a holistic story throughout your application!

Best of luck!
My goal is to make MBA applicants take onus over their process.

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by inittowinit » Fri Jul 08, 2011 9:08 am
Thanks for all the comments guys, I am trying to remain positive but am a bit skeptical at the same time. Reading all these stories of low gpa/high GMAT score success stories are definitely motivating - but I cant help but be depressed/stressed that I ruined my chances at a top B-school due to my immaturity during my undergrad years. I truly believe that I have great operational work experience and a good story - my one weakness is obviously my incredibly low gpa. I'm just hoping and praying that a strong GMAT, strong LOR, combined with stellar essays will somehow mitigate my UPGA.

How heavily are real world accomplishments weighed vs classroom? Does "name dropping"/deal exposure help? One of the Advisors I worked closely with is the Dean of a prominent Business School in NYC. Or should I avoid that strategy? I just feel like my back is against the wall already, so I need to pull out all the stops and come out swinging.

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by money9111 » Fri Jul 08, 2011 9:37 am
It's tough.. trust ME it's tough. Don't worry about talking to so and so and name dropping to get in. It is really about the holistic story that you tell about yourself. I actually wrote a blog post about GPA not too long ago that may shed some light on the situation. I can definitely empathize because I too had a less than stellar GPA. So for me it was an uphill battle. If you can tell a pertinent story as to why your undergraduate performance resulted in a 2.6 then that's all you can do right? You will have to use that additional essay to explain this. Don't ignore it because it will be a red flag, so it will be better to address it than not too. That's how I looked at it. I said to myself "ok.. here are the facts.. this is my GPA.. what can I do now to put myself in the best position to have someone fight for me when they are discussing my candidacy?" Once I changed my mindset I did whatever it was that I had to do. Thankfully it worked out for me and I could not be happier with the school I will be attending this fall.

Sidenote - I know you hear stories about people getting in with low gmat scores and low gpa's. But I personally know someonew ith a 2.2 who got in to a top 10 school and I also personally know someone with a 600 who also got in to a top 10 school, so it IS doable.

And then just a little bit of tough love... if your past experiences get you down, rather than motivate you, then maybe B-school isn't the right choice for you! ;-)
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


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by inittowinit » Fri Jul 08, 2011 10:05 am
Thanks for the motivation and PM Money! I guess I need a little bit of tough love, haha. I realize the past is the past and I cant change things, just make the best of my situation and highlight my strengths. I cant wait for the day I can post in the admission success forum!