What should be minimum GMAT score to apply given my profile?

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I am scheduled to take GMAT by end of Feb 2011. I have zeroed in to five B-schools I would like to apply to... London Business School, INSEAD, Harvard, Stanford and Columbia. I believe I have a good profile as such.

Academically I have >3 GPA. Have done Chartered Accountancy and MBA from India. Having worked for 5yrs now, I have varied and good experience with renowned MNCs. Also, I have had a good global experience at work. Currently working as a Senior Business Development manager. I have taught business school aspirants at a coaching class (for CAT and GMAT) in India and have also been a part of youth social organization. I also take / conduct corporate training at my organization.

I want to do another MBA (from a global business school) for the following reasons:
- Need for a 'global and scaled up direction' in life
- Would like to build a learning organization at a global level
- Keen interest in mobilizing people and resources to build a vehicle for social change

Primarily need for an MBA arises from the fact that I want to rise from being successful in India to being successful globally. After having some global exposure during the 5 yrs of experience, this realization has dawned upon me... and excellence is what I seek beyond current limitations.

I have a few questions basis above information:
1. Do you think my rationale for a 2nd MBA along with my profile makes it a well considerable proposition for a business school?
2. What should be the minimum GMAT score I should get to want to apply to the b-schools I mentioned?
3. I prefer 1-yr programs, hence would like to focus more on LBS, Insead, however HBS, Stanford and Columbia are 2 yr programs and I will be able to apply only to the 3rd round of application... Should I still apply to these too?
4. Do you think i should consider other b-schools in addition / in lieu of my list?
5. With the large applicant pool from Asia, how would you assess my chances of making it to top 5-10 global business schools?

I have not had much time to prepare for GMAT, hence do not expect extraordinary scores (expect between 650 and 720). But would like to be mentally prepared with whether I should apply to the above business schools and with what minimum scores? I believe I can put up with reasonably good essays and references, GMAT score is my concern though.

Appreciate your views and inputs.[/list]
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by paulsbodine » Mon Feb 07, 2011 12:04 pm
sentipayal1,

Given your ambitious school target list, your existing MBA (PGDM?) and GPA may hurt you. For these schools, you should ideally have a 3.5/3.6 GPA and a 720 or higher GMAT, especially given that you are applying from India. Any GMAT below the 80th percentile (Q and V) for someone with your profile will be a very large obstacle at top-end business schools.

Your argument for needing a Western MBA is a decent one, but that doesn't mean they will be persuaded by it (i.e., you will have to explain why you pursued an Indian MBA in the first place; why not wait to earn an Western MBA later, etc.).

Applying in the third round puts you at a significant disadvantage especially given that your profile does not appear to be either (a) unusually strong or (b) unusually distinctive. European schools may be better bets for you. I don't think you have a realistic chance at HBS or Stanford but perhaps a better chance at LBS, Insead, and Columbia -- depending on how much leadership you have in and outside of work. (Feel free to send me your CV.)

Depending on the strength of your profile (hard to gauge based on your post) you might consider schools a bit lower in the food chain to improve your chances, perhaps IE, HEC Paris, Oxford, Cornell etc.

Hope this helps,
Paul Bodine
Author, "Great Applications for Business School," "Perfect Phrases for Business School Acceptance," "Perfect Phrases for Letters of Recommendation"
https://www.paulsbodine.com/
[email protected]
(858) 869-1959

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by bizschoolprep » Mon Feb 07, 2011 6:18 pm
Payal,

1. Do you think my rationale for a 2nd MBA along with my profile makes it a well considerable proposition for a business school?
You may need to more specific reasons than just the "global" theme in your application to justify your motivation for another MBA. Specifics is the key. Also is your earlier degree a PGDBM or MBA degree? Some top schools specifically do not let you do another MBA , however, if it is PGDBM, which is what lot of institutes in India give, you might just not fall into their no-second-MBA rule.

2. What should be the minimum GMAT score I should get to want to apply to the b-schools I mentioned?Indian demographic is generally a high-scoring group and score as much as you can. To have a good chance, atleast be in 700s with as closer to a 750 score as possible.

3. I prefer 1-yr programs, hence would like to focus more on LBS, Insead, however HBS, Stanford and Columbia are 2 yr programs and I will be able to apply only to the 3rd round of application... Should I still apply to these tooIt's better to go for R1 in coming Fall than applying in R3 because many few seats are remaining to be filled, schools already have their mix of international-domestic mix, and it is particulalry difficult for internationals to get visa formalities done in such a short time thus discouraging schools to admit many internationals. If you will see Stanford website, they specifically discourage R3 for internationals.

4. Do you think i should consider other b-schools in addition / in lieu of my list?
Your list of target schools should be governed by your post MBA goals. Check out our blog entry to know how to select the target business schools.

5. With the large applicant pool from Asia, how would you assess my chances of making it to top 5-10 global business schools?
As good as you make it to be. Execution is going to be the key. Your real challenge will be differentiate yourself from other Indian candidates and convey your strengths through the application.
-BizSchoolPrep, MBA Admissions Consultant
www.bizschoolprep.com , Know what makes us different!

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by sachinsharma77 » Wed Feb 09, 2011 11:19 pm
Hi Paul,


My question is w.r.t your following comment -'For these schools, you should ideally have a 3.5/3.6 GPA and a 720 or higher GMAT, especially given that you are applying from India' .

How does the filtering /quota mechanism work for applications which come from India and/or China? Also, if an Indian works in a a foreign country and applies from that country then does he still fall under the same criteria as if he was applying from India?

Will appreciate more information & clarification on this.

regards,
Sachin

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by paulsbodine » Thu Feb 10, 2011 8:50 am
Sachin,

My reply was not meant to suggest any kind of filtering or quota. It was meant to imply that a great many applicants apply from India and their profiles are often very strong. Since the schools strive for diverse classes, they cannot admit all Indian applicants who are qualified. Therefore, top schools can cherry-pick those who are unusually strong (including numbers, like GMAT) and those who have successfully created distinctive profiles for themselves (i.e., not the typical technology applicant, have other experiences that 'break the mold', etc.). Applicants from places that send few applications to top schools face less competition and therefore do not need to be quite as strong or quite as distinctive to stand out (i.e., their country of origin becomes an asset to their profile in a way that it is not for Indian applicants).

Hope this helps,
Paul Bodine
Author, "Great Applications for Business School," "Perfect Phrases for Business School Acceptance," "Perfect Phrases for Letters of Recommendation"
https://www.paulsbodine.com/
[email protected]
(858) 869-1959