Low Gpa

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Low Gpa

by msbroker » Mon Mar 15, 2010 2:32 pm
Hi Lisa, I'm curious what your thoughts are on my profile

GPA: 3.0 Finance, Large State School
GMAT: 700 48Q/38V

I was accepted to my school on a scholarship...then because of a couple of reasons i.e. pre med first two years, 30hr work week, but primarily immaturity (went out too much to compensate for lack of high school social life) I have a low GPA.

Have been working in wealth management for 4 years now, started off in a very sales oriented role, succeeded and did well, but realized I was more interested in portfolio management/asset allocation. Focused on learning as much about portfolio management as possible, caught the attention of a senior broker, who asked me to join his team to focus on allocation/asset management. Am now responsible for $250mm in client assets, and am CFA lvl 3 candidate.

After MBA want to continue to work in asset allocation but on larger scale: ideally for large foundation or endowment, or at investment strategy group at bulge bracket, or larger private banking team.

Volunteer/Extra: Helped start foundation that focuses on mobilizing Afghan Americans (my parents are Afghan) to give back via economic redevelopment and humanitarian relief. Have raised $1mm for efforts. Also...semi professional polo player.

I am mostly interested in finance oriented schools..long shots Wharton, Columbia, Booth, Kellogg...also interested in Stern, Haas, Fuqua, UVA, Ross, Cornell, Yale.

I probably won't apply until R1 next year, what do you think my chances are? How can I improve my profile? I was getting much better verbal scores on practice tests, and think I could get 730-740, would that make much difference? How about alternate transcript? Other weaknesses?

Thanks
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by Lisa Anderson » Wed Mar 17, 2010 6:21 am
Dear msbroker,

I think you have a shot at any of these schools, so it will be important for you to decide on the mix over the next few months. Which schools are the best fit for you and narrow down your list to 5-6? or will you apply to all of these? It is important to have a mix of reach (Wharton, Columbia, etc.), reasonable (Fuqua, Cornell, etc.) and safety. Your work experience is strong and your work with the foundation is quite interesting. Likewise, your GMAT and professional track record demonstrate your aptitude for business school and maturity since your undergraduate days. While your 3.0 is slightly below average for your target schools, it is not out of range. As for retaking the GMAT, I think you should weigh your resources at this point and decide if it is worthwhile. You do not want to sacrifice any other aspect of your applications. However, if you believe you can increase your score at least 20 points, then it might be worth retaking (especially if you have only taken it once). Finally, your essays, recommendations and interview are critical components, so remember to put the effort into those parts of your application as well.

Best of luck,
Lisa
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by Casey2010 » Wed Mar 17, 2010 10:12 am
Lisa,

I am pursuing an MBA as the next step in my career. I wish to go into Real Estate Management.
MY background is as follows:

3.1 GPA in a 5 year professional degree from a top 10 architecture school
3 years total work experience (Year and a half at a top 3 firm)
650 on my practice GMAT

The issue is that I received a 3.1 GPA in my undergraduate education. My degree also required 175 credits and the coursework was very difficult/demanding (engineering). I have also received numerous design awards throughout my tenure.

Right now I am considering Cornell and NYU.

Do you think that my choices are feasible given my background?

Thanks

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by Lisa Anderson » Fri Mar 19, 2010 12:12 pm
Dear Casey2010,

Until you know your actual GMAT score, it is hard to gauge how competitive you are for NYU and Cornell at this point. I would not say a 3.1 is a dealbreaker, in and of itself though. It is slightly below the average for these two schools, but nothing a solid GMAT score, great application and successful professional experience can't mitigate.

Good luck,
Lisa
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