What was my mistake?
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You made your decision in the past. There's no point thinking of whether that was the right decision. Even if you found out that you made the wrong decision, there's nothing that you can do to change it. Move forward.
Besides the MBA programme, what is your current job scope? Consulting in your home country (i am making a guess here on that country, based on your description of your high-school and the lack of a certain Asian country in your question) may be hard, as it is just as competitive, if not more competitive, than IB. Perhaps your current/past job experience may give you some leeway but it's hard, especially if you are thinking of MBB.
Which area of finance? Find out specifically what you like/want to do, instead of making another brash decision and worry about it a few year later. Why did you reject the JPM research division?
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Christ's sake, you must be extremely bored on your winter break typing all of this out. I give the troll 2/10
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