So, for someone that has a poor undergraduate GPA from a shitty school, but has been a "late bloomer" and has worked hard to change their life around, what is an MBA program that might help them re-invent themself?
Lets say the person has a 2.7 UG GPA from a regional midwest university in Economics, but with a 3.7 major's GPA. The reason for such a stark difference in major and regular GPA is a late major change. Almost enough credits for a double major. He has worked full time and part time during school, and actually took 8 years to complete undergrad.
The person is a URM, and can probably score around 630 on the GMAT. He has 4 years post-college work experience, and 11 years experience total. They are not glorious jobs, but they aren't mcdonalds type jobs either. He wants to change his career direction and work his way up the back.middle office ranks in a NYC company, be it finance, Big 4, consulting, retail, F500, whatever.
He realize he is not going to a top-15 MBA. But what about Rutgers, Baruch, or Fordham? Fordham has a "pre'MBA" program where you can take coursework to boost your profile.
His goal is to work in back/middle office type jobs in HR, operations, procurement,etc. Do these programs do okay at getting people employed?
Baruch is a target for URMs. There might be a red flag to adcom since you took so long to complete undergrad but the schools your shooting for would probably forgive that with your work exp.
BTW, not that it matters since this is an anonymous forum, but this really is not me.
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what is a URM ?
Under Represented Minority - Black, Hispanic, Military, Women, Gay/Lesbian/Bisexual/Transgender, basically people that John Rocker would not like to sit next to on the 7 train.
the only MBAs i would pursue in NYC are either stern or columbia.
http://zicklin.baruch.cuny.edu/careers/students/employment/stats/2009-s…
Only 44% of those seeking employment had an offer 3 months after graduation.
gekkoguy, that is all fine and good, but not everyone makes the 15% acceptance rate. He is also not gunning for a front office IBD position.
Fordham should suffice for his/her goals.
Perhaps Hofstra
Fordham is way more expensive than Baruch/Rutgers--is it worth the extra coin or would you put them all on the same level? Rutgers boasts an 89% employment rate and its $10,000 a semester in-state.
Not sure that MO/BO goals will benefit much from an MBA. On the other hand, if this person's willing/capable of doing something along a Stats/IDS/IS Master's track, it will not only open doors in Ops/Procurement/Supply Chain type of fields...it will also work as a great squash to the "why the fuck did you spend 8 years in UG?" question bound to be circling the minds of future interviewers, who will be too scared to come out and ask for PC reasons.
MIdas,
Great suggestion. SB for you (and I only had 2 left...) Mind explaining IDS/IS? International Development Studies / Information Systems is what google is telling me.
What about a masters in supply chain Management?
Glad to help. IDS=Information and Decision Systems. It's the same exact thing, just a different name. Essentially, it's stats based risk management. In fact, I think a lot of schools are moving to calling it just "Risk Management" but it will take time for the terminology to catch up with curriculum. SCM is basically the same thing, as well.
I'd skip the MBA unless the person is looking for something FO. M/B O is going to move further and further towards the risk management/stats model IMHO.
In general, if there was one specific major I'd recommend to everyone interested in finance or anything related to it. Stats would be it. You'll find stats as the foundation (or at least heavily supporting) any of the major tracks we've mentioned above.
I should mention the person has experience in procurement/ vendor management, so a supply chain management master's may make sense. Are there are reputable programs in NYC that are not super compeitive to get into?
michigan state is best for SCM... im not really sure how much the NYC area schools focus in supply chain management :X
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