Do I stand a chance?

Free advice from the world's top MBA consultants
This topic has expert replies
Newbie | Next Rank: 10 Posts
Posts: 3
Joined: Thu Dec 11, 2008 9:21 pm

Do I stand a chance?

by dan75 » Thu Dec 11, 2008 9:37 pm
Here is my profile. I'm from UK.

Age: 29
GMAT: 780
undergrad GPA: 3.1/5 Non-honors (Finance) - Warwick
Masters GPA: 4.6/5 (Applied Econs), 4.8/5 (Accounting) - University of Birmingham
CFA qualified, CPA qualified
Working experience: 1st 2 yrs: Cofounded finance software startup (acquired), 2 years: Futures trader (Small prop firm), 3 years: Audit at Big 4

As you can see, my undergrad GPA sticks out like a sore thumb. In fact, this is the only time i performed so badly in my academic history. I had straight As for my A-Levels, including distinctions for my special papers. Won scholastic awards consistently before college. SAT 1500/1600

The reason was that I was running 3 startups during college and making considerable money that I did not place sufficient priority nor focus on my studies (I skipped half of my classes. If I'm not at work with my startups, I would be learning programming on my own). Another sore thumb was that I was originally from Engineering but i switched in my 3rd year. 1st year grades were reasonable 4/5. Second year I had 4 Fs, all of which are in Electrical engineering classes (because I skipped all of them due to lack of interest). I wanted to switch after year 1 to Finance but due to lack of vacancy, i only got approval in the second year. i just thought it didn't make sense to attend Engineering classes after I got approval to switch to Finance in the 3rd year.

I take responsibility for my immaturity back then. Which is why I have taken concrete efforts to show my seriousness in education by getting the CFA and CPA qualifications + Masters. Now, I want to get a good MBA because I'm aiming to become the CFO of a good firm.

I'm not aiming for the top 5 schools but more of the likes of Michigan, Rice, UCLA, Berkeley.

What should I do to better improve my chances and mitigate my low GPA? Also, is my working experience too jumpy? I jumped to audit not because I was failing at trading but because I need to get the experience to be CPA qualified.

I am contemplating taking a 2 year Masters of Finance and ace it in order to boost my MBA application (i.e. 3 masters altogether. I took the Econs Masters because of one D in Macro Econs - missed the term paper as i wasn't aware since i was seldom in class. I took the accounting Masters because I want to be a CFO. I'm contemplating taking this Masters of Finance because it's research based and I'm treating it as replacement for my honors year). Would this be wise?
Source: — Ask an MBA Admissions Consultant |

User avatar
Senior | Next Rank: 100 Posts
Posts: 69
Joined: Wed Dec 03, 2008 5:04 pm
Location: Colorado
Thanked: 8 times
GMAT Score:760

by Jay Allen » Thu Dec 11, 2008 10:06 pm
Dan! This is a fascinating story! I would love to speak with you and wrestle with the strategic positioning challenge you have. I offer a free strategic consultation to everyone and while everyone is unique is some way, you are unique in many ways!

On one side your candidacy is very very strong. Great GMAT score, work history, achievement pattern, determination. On the other side, very weak: poor GPA, questionable commitment, unclear career goals.

Your strategy is definitely going to be about less is more. We need to find just the right story that weaves all of this together without getting defensive or excuse filled. As I write this, I really think unapologetic might not be a bad tone. You made some mistakes but accomplished great things in the process--a very rational value-seeking mindset.

The MBA programs need to know that you're serious about this--that won't be an easy sell. What if you come across an interesting start-up idea? Wouldn't you just leave? To help them mitigate that concern, you need to focus on a world-changing aspiration that absolutely requires an MBA. Let them understand just how committed you are to this process.

As for additional degrees--they will do nothing at this point to augment your candidacy. It's time to write some superb essays and put your story together.

Let me know if I can be of assistance.

Best,


Jay
Last edited by Jay Allen on Thu Dec 11, 2008 10:22 pm, edited 1 time in total.

User avatar
Master | Next Rank: 500 Posts
Posts: 368
Joined: Mon Aug 18, 2008 3:18 pm
Location: Los Angeles CA
Thanked: 30 times
Followed by:13 members

Re: Do I stand a chance?

by Linda Abraham » Thu Dec 11, 2008 10:20 pm
dan75 wrote:Here is my profile. I'm from UK.

Age: 29
GMAT: 780
undergrad GPA: 3.1/5 Non-honors (Finance) - Warwick
Masters GPA: 4.6/5 (Applied Econs), 4.8/5 (Accounting) - University of Birmingham
CFA qualified, CPA qualified
Working experience: 1st 2 yrs: Cofounded finance software startup (acquired), 2 years: Futures trader (Small prop firm), 3 years: Audit at Big 4

As you can see, my undergrad GPA sticks out like a sore thumb. In fact, this is the only time i performed so badly in my academic history. I had straight As for my A-Levels, including distinctions for my special papers. Won scholastic awards consistently before college. SAT 1500/1600

The reason was that I was running 3 startups during college and making considerable money that I did not place sufficient priority nor focus on my studies (I skipped half of my classes. If I'm not at work with my startups, I would be learning programming on my own). Another sore thumb was that I was originally from Engineering but i switched in my 3rd year. 1st year grades were reasonable 4/5. Second year I had 4 Fs, all of which are in Electrical engineering classes (because I skipped all of them due to lack of interest). I wanted to switch after year 1 to Finance but due to lack of vacancy, i only got approval in the second year. i just thought it didn't make sense to attend Engineering classes after I got approval to switch to Finance in the 3rd year.

I take responsibility for my immaturity back then. Which is why I have taken concrete efforts to show my seriousness in education by getting the CFA and CPA qualifications + Masters. Now, I want to get a good MBA because I'm aiming to become the CFO of a good firm.

I'm not aiming for the top 5 schools but more of the likes of Michigan, Rice, UCLA, Berkeley.

What should I do to better improve my chances and mitigate my low GPA? Also, is my working experience too jumpy? I jumped to audit not because I was failing at trading but because I need to get the experience to be CPA qualified.

I am contemplating taking a 2 year Masters of Finance and ace it in order to boost my MBA application (i.e. 3 masters altogether. I took the Econs Masters because of one D in Macro Econs - missed the term paper as i wasn't aware since i was seldom in class. I took the accounting Masters because I want to be a CFO. I'm contemplating taking this Masters of Finance because it's research based and I'm treating it as replacement for my honors year). Would this be wise?
Congrats on that GMAT! Considering your masters degrees, CPA and GMAT score, I wouldn't worry about your undergrad (although I would address it). You've proven you have an excellent head and know how to use it. And you aren't the first MBA applicant who was immature in college. Don't go for the Masters in Finance just to improve your MBA acceptance chances. Unnecessary. If you feel you need the degree for your professional goals, that's a whole different story.

Yes you do need to explain the twists in your job history, but that should be doable. If you would like help with your application, please consider Accepted. We have been helping MBA applicants since 1994 and have a seasoned staff of professional editors, seasoned admissions consultants, and former admissions directors.

Best,
Linda
Linda Abraham
Accepted.com -- Helping You Write Your Best!
310.815.9553
Accepted Blog
Accepted on Twitter
Accepted on Facebook

User avatar
Senior | Next Rank: 100 Posts
Posts: 69
Joined: Wed Dec 03, 2008 5:04 pm
Location: Colorado
Thanked: 8 times
GMAT Score:760

by Jay Allen » Thu Dec 11, 2008 11:24 pm
One last question--why are you not shooting for the top 10 schools. If you have great essays and apply to enough schools to help you with the odds, I could definitely see you matriculating to a top school!

Master | Next Rank: 500 Posts
Posts: 119
Joined: Sun Nov 30, 2008 2:47 am
Thanked: 11 times

by Zipper » Fri Dec 12, 2008 4:28 am
In my opinion you have far better chances applying to 1-2 schools for which you are a fit and they are a fit for you, than applying to all the top schools out there and expecting an acceptance.

Newbie | Next Rank: 10 Posts
Posts: 3
Joined: Thu Dec 11, 2008 9:21 pm

by dan75 » Fri Dec 12, 2008 5:38 am
Zipper wrote:In my opinion you have far better chances applying to 1-2 schools for which you are a fit and they are a fit for you, than applying to all the top schools out there and expecting an acceptance.
That is why I'm not applying for MIT or HBS as they are not a good fit for me.

Oh yes. I also have a BSc in Math & Economics (First Class Honors) Perfect GPA. 5/5

However, this is a external degree from LSE. I completed it in 2 year instead of 3 years because of my first degree. Should I use this degree instead of my first degree for the undergrad GPA in my admission profile?

User avatar
Senior | Next Rank: 100 Posts
Posts: 69
Joined: Wed Dec 03, 2008 5:04 pm
Location: Colorado
Thanked: 8 times
GMAT Score:760

by Jay Allen » Fri Dec 12, 2008 6:54 am
I also agree with Zipper that you should only apply to schools that are a great fit for you and for which you can prepare perfect applications.

I generally believe 1-2 schools is playing the odds because even the very best applications with perfect scores and essays will still be rejected to some of the top schools.

You should be fully forthcoming with your grades and degrees. The admissions officers are smart and they will see that you have excelled in parts of your academic career. They will also appreciate your honesty and ability to speak to past mistakes.