Help for masters
I would like opinions on if I could integrate a good masters in finance in europe (think ESCP, Imperial, St Gallen, HEC) or if I should try doing redoing the GMAT and apply in the last rounds:
Profile:
Academic: ESADE BBA with a ~ 7/10 gpa which is average.
Experience: 2 years full time in valuation services, mostly focused on damages valuation (economic consulting). Very good yearly performance scores if that changes anything.
No other really relevant exp except a summer internship as a strategy intern in a start-up and I founded a small start-up that raised 50-100k EUR while at ESADE.
GMAT: I got a 615 but the thing is weak quant… only 30th percentile in quant but 90+th percentile in verbal and data insights.
Should I apply with this GMAT score in the second to last rounds or try the GMAT again and apply in the last rounds? Without being sure to be able to get a much better quant score? (Maybe 50th percentile but will likely not get as good in verbal and DI).
Any opinion is welcome!!
Based on the most helpful WSO content, here's what you need to consider:
Your Current GMAT Score (615): While your verbal and data insights scores are strong, the quant score (30th percentile) is a significant weakness, especially for top European finance programs like ESCP, Imperial, St. Gallen, and HEC. These programs typically expect a GMAT score above 680-700, with strong quant performance being crucial for finance-focused degrees.
Your Academic Background (ESADE BBA, ~7/10 GPA): Your GPA is average, which might not stand out in competitive applications. A strong GMAT score could help offset this and demonstrate your quantitative abilities, which are critical for finance programs.
Work Experience: Your 2 years in valuation services and entrepreneurial experience (founding a start-up and raising €50-100k) are valuable and unique. These experiences will strengthen your application, but they won't fully compensate for a weak GMAT quant score.
Timing of Applications: Applying in the second-to-last rounds with your current GMAT score might limit your chances, as schools often have fewer spots available and higher competition in later rounds. Additionally, your quant score could raise concerns about your ability to handle the rigorous quantitative coursework.
Retaking the GMAT: If you believe you can improve your quant score (even to the 50th percentile) without a significant drop in verbal and data insights, it would be worth retaking the test. A balanced score, even if not perfect, will make you a more competitive candidate. However, if you're unsure about improving your quant score, you risk applying late with a similar or slightly improved score, which might not significantly change your chances.
Recommendation:
Ultimately, a stronger GMAT score will give you better chances at top-tier programs, but if time and improvement potential are constraints, carefully weigh your options and consider applying strategically to programs where your profile fits well.
Sources: Ask mbaMission about Business School Admissions, Having serious thoughts about B-school for the first time - can anyone offer any advice?, HBS 2+2 / Wharton Deferred - applying from Europe, Ask mbaMission about Business School Admissions, Master’s degree journey
Now at this point I would redo the GMAT and aim for a top Master. It is I believe you last chance except if you want to do an MBA to get a top class degree from the absolute best institutions!
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