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Launched April 26, 2006
Expert replies
by zmc2011 » Fri Nov 04, 2011 2:53 pm
I took the gmat earlier today and recieved a dissapointing 610. I had been targeting schools like NYU and Columbia as first choices. I am a bit discouraged and now unsure if I should continue with the application process. I am aiming for fall 2012. Below is some backgroud.

Graduated 2008 from Ivy League school ....although low gpa <2.5
Founded an events planning company as undergrad and was memeber or varsity sports team
Have 3.5 years experience at asset management firm as an investment strategist, would be 4 at matriculation
Have completed cfa progem, chater pending.

I am looking to stay within asset management to further pursue a career as portfolio manager.

I realize with low undergrad gpa I needed more horsepower on the gmat, which as it stands doesn't appear to be much. Any insight as to likely hood of being able to still apply to columbia/nyu or other schools that may be more attainable given backgroud. Perhaps UNC or Georgetown

Thanks
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Source: — Ask Stacy Blackman |

by Lisa Anderson » Mon Nov 07, 2011 2:52 pm
Dear zmc2011,

I'm sorry to hear your GMAT score is not where you want it to be. You are right to be concerned with regards to your target programs, as both your GMAT and GPA are low. Since you have time, I strongly encourage you to retake the GMAT to increase your score. If you could get to a 660-680, you would be in a much better position for your schools. Since decisions are made on more than a number (i.e., the GMAT), you do want to ensure each piece of your application makes a case for your admission rather than a reason to pass on your application. While a low GPA and low GMAT together are a tough obstacle to overcome, it is not insurmountable with really great essays, strong recommendations, impactful resume and solid interview.

Good luck,
Lisa
Lisa Anderson
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Stacy Blackman Consulting

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