Is getting a Top 10-15 MBA the secret for those that can't get in from undergrad?
For all those people that can't get into ibanking out of undergrad either because of the school they attend, their grades, lack of a Wall St. network etc... would the best option be to just go to industry for 5 years and aim for a top 15 MBA.
The average gpa for the top 10-15 MBA programs is a 3.5 including the very top schools such as HBS, Stanford, Wharton, Kellogg. The GMAT average is between 700-715 and the avg. work experience length is 5 years.
If you look at the top 10 or 15 MBA programs, in no particular order of rank:
Harvard, Wharton, Stanford, Kellogg, MIT, Chicago, Columbia, Darden, Anderson, Haas, Stern and maybe a few more that I'm missing off the top of my head all get heavily recruited from the all the BB ibanks.
So for those that just can't get in from undergrad, it seems that working at a Fortune 500 company in finance or even in a non-finance related role then playing then switching fields card would be your best option.
What do you people think?
Some material at Kellogg says banks typically take about 1000 MBA students every year and that those who are really interested generally get a spot. This is at Kellogg, which might be ranked at the top side of the top 15, but probably is in the middle for getting into banking.
I'd guess the GPA/GMAT scores need to be higher for a white male doing finance.
why does gpa/gmat need to be higher for a white male doing finance? i always assumed it would be higher for asian/indian since they tend to have higher average standardized test scores..
Sorry buddy, look around your corporation, who do you see? For that matter, look around your classroom at school in business courses: White guys are everywhere.
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