12/15/16

I applied to MBA programs this cycle and didn't do as well as expected. For background sake, I went to a top 50 school (closer to the top), did banking and now do corp dev at a large company ($10B+ rev.). The job is great but my eventually goal is to make it to a hedge fund via ER and ER via B-School. Grades are above average/average for all schools (i.e. 3.5+) and GMAT is 700+ (but always room for improvement). I ended up only getting into Ross out of the 5 schools I applied to and got no scholarship.

I'm still early on in my career (will be 3 years of WE if I go to school in the fall) and am trying to decide if I should pull the trigger on Ross now or wait another year and reapply. Would Ross be able to get me a job at a BB ER department? How would funds look at Ross on my resume down the line? Will my results be meaningfully different next year with an additional year of WE, higher GMAT (hopefully), and more leadership stuff (volunteering and at work)?

I know I might be able to make it to ER without the MBA but I feel like it'll be easier if I go back. Would love some thoughts/advice.

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Best Response
12/15/16

I'm still early on in my career (will be 3 years of WE if I go to school in the fall) and am trying to decide if I should pull the trigger on Ross now or wait another year and reapply.

3 years work experience isn't that short. I don't think that's your problem. More likely problems: not telling a compelling story, poorly written essays, bland work experience, bad recs, not convincing the program that you actually want to go there, etc.

As to whether you should reapply, it depends upon your likelihood of being admitted next year and whatever holes exist in your app. You might hire an admissions consultant just to give you an opinion on this and see what they think.

Keep in mind if you turn down Ross you can forget about reapplying there, so you better be sure you can get into one of the other four programs, or have some other good alternative.

Would Ross be able to get me a job at a BB ER department?

Yes. A traditional finance school such as Columbia, Chicago, Wharton, or Stern would probably be best, but you can absolutely get a job in ER if you apply yourself at Ross. The school has a good national brand.

How would funds look at Ross on my resume down the line?

First thing any fund is going to look at is your ER experience, your investment philosophy, and whatever ideas you pitch. The MBA program might help your resume stand out but won't do much beyond that.

Will my results be meaningfully different next year with an additional year of WE, higher GMAT (hopefully), and more leadership stuff (volunteering and at work)?

Really hard to say without seeing your whole app and schools you applied to. Some schools will always be longshots for the vast majority of candidates, so don't drown in pity if you're talking about HBS or Stanford. If you're talking about the other top 10 programs, I recommend talking to an admissions consultant to get their opinion. It shouldn't cost more than $200-300.

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12/16/16
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