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You still have a great chance at consulting. I graduated from a target school and personally know of kids with 3.4s that were able to get interviews and offers with non-MBB firms (from places like OW to PwC). There's some leeway with your GPA due to the fact that you're working towards a engineering degree (it would be even better if you're involved with athletics at your new school).

I would begin networking with non-MBB firms (alumni from your school) as much as possible. Keep in mind there aren't as many summer analyst positions for management consulting compared to finance, so definitely shoot for finance internships as well to keep yourself competitive during full-time recruiting. Try to bring your GPA up as much as possible and don't give up.

 

Chemical Engineering and Economics double major? Award winning student nonprofit? Working with two startups? and writing the manuscript of a book to be published by a business professor? (btw when will the book be published, that definitely looks impressive on your resume)

It looks like you are highly competent and a true go-getter. Why waste your time and talents with the management consulting/private banking rat race. Screw Park Avenue, move to Boston/Silicon Valley, join a tech startup and let your creative energy shine.

Too late for second-guessing Too late to go back to sleep.
 

Unfortunately, 3.1 is a really low GPA, no matter how you look at it. Your best shot at getting an interview will be to network hard, and make sure the people you talk to really remember your name (and of course associate it with a positive impression), so that when it comes time to draw up the interview list, they'll throw your name up even before reviewing the stack of resumes on their desks. Also, prepare a good story on why your GPA is 3.1

 

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