Ask a Consultant! - GMAT/GRE Only

As much as I would love to get into the Top 10 programs, my revised GRE score if compared vis-a-vis GMAT, would be like a 650ish on the GMAT terms, which I believe would be a obstacle for the Top 10 😞

Dear Consultants,

I am planning an MBA from US and would like some advice on schools I can target.

My profile:

I have completed my Dual degree (BTech + MTech in 5 yrs) in computer science from IIT Bombay. IIT-JEE rank was 294. GMAT score : 740.

Work Exp:4 yrs
1) DSP Merill Lynch : 6 Months (Layed off during financial crisis)
2) Joined a Phone commerce startup by group of IITians, worked there for next 1yr 3 months. Startup was later acquired and has been covered by students from Wharton and ISB in reports.
3) Working at Indian Investment bank for last 2 yrs on Prop trading desk. Responsible for creating high frequency trading strategies, programming them and running them in the markets.

1 & 2 were pure IT jobs, current job profile is mix of finance + IT.

Extra Curricular:

1) Played Cricket for my hostel at IIT.
2) Actively worked with Entrepreneurship cell of IIT Bombay and subsequently became the part of core group and was the head of PR dept. Lead at team of 15 people and organized various talks, events and festival.
3) Volunteering for an NGO for abt a yr.

I plan to target top 10 schools in US. Just wanted your opinion whether that wud be achievable given my profile or I should lower the expectation.

Thanks in advance.

Hi,

Here's a brief summary of my app
-X-88.2 CBSE, XII-81.0 CBSE, B.Tech from College of Engineering, Trivandrum-60.8%
- My GMAT score is 730 -V38,Q50.
- My total experience is 4.10 yrs till date.Industry-IT.
30 months with Patni as a Software Engg
7 months with Datavail Corporation as Sr Software Engg
19 months with NSE.IT as a Systems Analyst.Role-Project Lead.Team Size-12. Worked for the client NCDEX. Was part of teams that created a trading system, and a clearing and settlement system for a commodity exchange. Created a few smart apps. Will have to sell this experience in my app.
- Current Employer-Barclays Capital, Designation-Analyst
- I am looking at Finance+IT as a techno functional manager post my MBA. Open to COnsulting as well! :)
- No specific preference for any country.
- Slightly inclined towards a 1 yr program.
- Financial: Will have to raise all the money through loans.
- Very particular about getting into a top B school.
- Extra Curricular-Ordinary-Have quite a lot to write but few certificates to show. Sports at intra College and Corporate level, Writing, Organized few events back in college.
-USP is my experience in Finance-have worked for a Commodity exchange, an Insurance giant, and an Investment bank. Silly but I have 5 NCFM certifications. NCMP level 1. Will upgrade to Level 2 shortly! :)
-Will get strong recos. One from the VP of NCDEX πŸ˜‰ and another from a Senior manager at Sungard πŸ˜ƒ Both recos relevant-direct impact!

I have sent my scores to INSEAD, HEC Paris, ISB, Oxford Said, and NUS. I am considering ESADE, Cambridge Judje.

I don't want to throw away the IT experience and would like a techno functional managerial role in an investment bank/Finance vertical of an IT Service company
I am quite clueless about where to apply. Will have to raise the entire expense through loans and there is an upper cap of 40 l I think(Credila).

Please can someone help me in short listing schools based on my profile US and non US? Which are the best schools that I can target? Is there a way to raise more than 40 l through loans?

Any help will be apprecciated!

Thanks in advance,
Bibu

Dear Consultants,

3) Working at Indian Investment bank for last 2 yrs on Prop trading desk. Responsible for creating high frequency trading strategies, programming them and running them in the markets.


Thanks in advance.


This experience is incredibly valuable. You should try to get at least 2-3 years more experience in this position. If you have IIT intelligence, solid C++ programming ability, Masters / PhD level Math skills, and 4-5 years of this HFT experience, then you can come to USA for MBA and then move to Wall Street. Starting salary will be in the range of $300 K - $500 K. Study the system in detail, especially the quant strategies which are being implemented. Normally, they hire PhDs for these type positions, but the IIT guys are very successful in mastering this stuff.

Note: I am not a consultant.

Dear All

Can someone help to evaluate my profile.

GMAT: 710 (V 35, Q 50, 92 percentile), AWA 6.0.
Company Details: Manufacturing firm, I started career as operations trainee and now supporting capital expansion project.
Total Experience by Fall 2012: 4 years.
Profile: Operations/ Manufacturing and Project Management. Delivered quantified benefits to organization through various productivity improvement projects, Have good knowledge of lean and six sigma.
Engineer in Polymer Science and chemical technology from reputed Indian college (68%). XII: 86%
Extra curricular: School cricket team captain, Corporate manager for technical event, Co-founded event management firm during college time and handled few corporate deals.
Hobbies: Music-Guitar, Novels and gymming.

Please help me to give fair feedback on my profile.

thanks


GMAT: 650
Work Ex: 4 years and 1 month of IT Mainframe development, by August 2012


Apologies for missing this out. Thanks for pointing it out, Jithun.

The choice of schools looks ok for the profile. Each of them has its own strengths, so I'm not sure if there was a common rationale for selecting them. Or was it just filtered based on average GMAT scores?

- Sameer
Author | Beyond The MBA Hype

Govindgaru,

Considering your 13 years of work experience, you should look at programs where you find people with your work ex. profile- if you join a younger class, you may not draw much from their experiences and find it hard to relate to them.
Check out the Sloan Fellowship program, condusted at LBS, Stanford and MIT & Program for leadership development at HBS.
You have already completed your BSc. (which is a prerequisite) and GNIIT is an additional certificate course (I guess?), so it should not be a trouble spot for you.

MBA Decoder

Hi,
I just took the GMAT to get it out if my way, only to find later that institutes such as SP jain and Great Lakes accept its score. I was expecting around 700 but not above 750. Now I've got 770 miraculously. So now I'm kind of confused. Should I wait 2 years, get some work experience and apply to Ivy league schools?( I am in the final year of B.Tech CSE) Or should I just try for reputed institutes such as SP jain etc. this year itself.

I know the decision pretty much depends upon whether I want to go international or not and financial constraints but I am more concerned with the KIND of work ex. Could someone guide me as to what kind of companies should I apply for which can give me an edge for international schools? For example, product based companies have little communication intensive work and do not give one an edge. I would like something which puts me in an IT marketing kind of role. No such companies come to my campus, and I would be applying for off campus jobs only! Please suggest such jobs if possible. (I've heard that some consultancies hire you on the basis of your GMAT score?)

Also please tell me if there are any reputed institutes ( across the world) in which i can apply directly and get a regular/deferred admission.

Details- Good ECAs.
Academics- B.tech CSE 78%
Currently in final year.

Stanleyeales, Wow about the GMAT! You rarely hear of someone outperfoming on GMAT.

I think it is very helpful to get some work experience before you get into business school - this will develop your perspective on the working environment and you will relate to what is being taught at b-school more when you have this perspective.
Regarding work - you should do what interests you rather than what you think will be beneficial for you.
A datapoint for you : Marketing as a function is not very well evolved in an IT services company as compared to an IT product development company. So you may want to direct your job search accordingly.

MBA Decoder
Apologies for missing this out. Thanks for pointing it out, Jithun.

The choice of schools looks ok for the profile. Each of them has its own strengths, so I'm not sure if there was a common rationale for selecting them. Or was it just filtered based on average GMAT scores?

- Sameer
Author | Beyond The MBA Hype


Yes the schools were chosen based on my score and my goal post MBA in Technology. Also I've selected a realistic set for the GMAT score. Two non-US schools are just to mitigate risk.
My question is which ones of these do I have the best chances based on my profile.

Thanks
jithun Says
My question is which ones of these do I have the best chances based on my profile.

Jithun-da

I'd club your choices as follows:

- Smith, Foster, Smeal
Practical to Stretch: Most of your competitiors for these schools (Indian and international) will have higher scores.

- Illinois, Eller
Practical: You have a good shot at these, if you manage the other application components well

Non-US
- Vlerick, Manchester: You'd be slightly on the lower side for work-ex for these, so how you package your professional experience will be important.

There may be others that are a better fit for you in the US and outside. But that would depend on how good you are at structuring and narrating your story (in essays and in the interview).

- Sameer
Author | Beyond The MBA Hype
Stanleyeales, Wow about the GMAT! You rarely hear of someone outperfoming on GMAT.

I think it is very helpful to get some work experience before you get into business school - this will develop your perspective on the working environment and you will relate to what is being taught at b-school more when you have this perspective.
Regarding work - you should do what interests you rather than what you think will be beneficial for you.
A datapoint for you : Marketing as a function is not very well evolved in an IT services company as compared to an IT product development company. So you may want to direct your job search accordingly.

MBA Decoder


Thank you for your reply. I'll try to keep that in mind when i look for a job. Could you please guide me as to whether after I get work experience I should go for B-schools in India such as ISB or Ivy League schools outside the country? What are the pros and cons of an MBA abroad? How much chances of scholarship or financial aid do I have? I will be paying by loans only.

Hi,

Please tell me which colleges I should apply to :
CGPA : 8.8/10
Semiconductor 5 year of work exp ( including 1.5 years in International Exp)
Looking for Innovation and Product Management Course.
GMAT : 710

Looking for product management

EC - decent with NGOs in US and Indian.

Thanks.
--Gym-Nasty

Hi,
Could you please help me by what latest time should i give the GMAT exam, so that i am eligible for spring-2012 intake at different universities.
TIA.

Xth = 80.60 %
XIIth = 84%
B.Tech = 4.5/10 (from IIT Bombay)


Any future for me? Or will I always be stuck with menial jobs barely making a survival in this increasingly fake world?:wow:

Mod Edit: We've made it very clear that you need to wait a while, usually a week, before re-posting your request for profile-evaluation. I understand that it's important and urgent for you but in the larger picture, re-posting after 2days unnecessarily lengthens this thread for anybody who is reading this.

Hi guys,
I'm back after my GMAT and am slightly disappointed to be frank.
Here's my break up:
Overall score: 710
Quant: 50
Verbal: 36

As I mentioned before, I've been working at Infosys for the past 4 years and have a separate Internet venture with my friend that has done quite well in it's domain. I have also been involved in community service in various capacities since childhood.

I looked up a few schools and found that 710 would probably be good enough for the second rung schools like FUQUA, Anderson etc.
However I have to live with my Engineering percentage which was only 63%.

Do I stand a realistic chance of getting into any of these schools or should I write again? I do think I can crack 730, with concentrated efforts. I wish I don't have to write again though! :)
Have people belonging to the over populous IIM pool gotten through to such schools with such a track record? Also, would ISB be realistic? Looking forward to the same help you guys extended a few days back!

Cheers!

plan to target top 10 schools in US. Just wanted your opinion whether that wud be achievable given my profile or I should lower the expectation.


CodePlumber,
Firstly, great going on the GMAT and the college pedigree. This will be a plus for your candidature.
Secondly, you have a mix of both entrepreneurial and corporate environment experience - you should highlight it and articulate how it wil make you a great contributor in class. With your rich experience, you sould be able to write some compelling stories in your essays.
Thirdly (& most important), link your experience to your future goals and talk about the importance of MBA in achieving them.


Give a go for the top 10 US b-schools.

MBA Decoder
Jithun-da

I'd club your choices as follows:

- Smith, Foster, Smeal
Practical to Stretch: Most of your competitiors for these schools (Indian and international) will have higher scores.

- Illinois, Eller
Practical: You have a good shot at these, if you manage the other application components well

Non-US
- Vlerick, Manchester: You'd be slightly on the lower side for work-ex for these, so how you package your professional experience will be important.

There may be others that are a better fit for you in the US and outside. But that would depend on how good you are at structuring and narrating your story (in essays and in the interview).

- Sameer
Author | Beyond The MBA Hype


Thank you very much for the reply. One more question.
Usually do the number of applications for universities for a year increase or decrease if there is an economic downturn currently?
Or would it be totally irrelevant to the economic situation?

hello to all tha pagals,

My profile:
X-88%
XII-80%
Engg-57.5%(dismall)
Workex-3 yrs with delloite
ECA-average
Gmat-760(I had to prove somthng 2 myself).

Guys I have few questions:
1) I would be applying nxt yr which colleges in the US I should apply
for.
2) How is RSM and NSU?
3) I am from a middle clss family so i m a bit worried about the finances required for the MBA.If any1 can please though some light on the loans and scholarships.
4)And lastly I m workng as a Business Analyst which specilisation shuld i choose.I ve hrd MIS at Cargir mellon is good.

pls reply cherrs
!!!!!!!!!!!!!!!!!!


Usually do the number of applications for universities for a year increase or decrease if there is an economic downturn currently?
Or would it be totally irrelevant to the economic situation?


Statistically speaking, volumes go up in a downturn. And when the market is flush with jobs, junta prefers to stick on and go up the financial/corporate curve.

But there are many who care two hoots about statistics (and herd mentality) and will do it anyway if they think the time is right.

If your question was more from a competition perspective, yes, it would be slightly less in a booming economy.

- Sameer
Author | Beyond The MBA Hype