Thinking about MBA

Haven taken a lot of courses P/F during covid and actually have two Fs on the transcript. Pretty mediocre GPA and not a hard science major. Work experience is some sort of asset allocation type role. Would you say it would be impossible to be admitted to top bschools such as Wharton, Sloan, CBS etc at this point? Just want some honest feedback and not wasting application fees and also time on stuff like GMAT. Thanks.

 

Realistically you'd need a super strong GMAT 750+ and maybe an alternative transcript (retake those courses/take an econ or math etc. course or two at a community college post-grad). That said, plenty of people have done it. I think below a 3.0 it becomes materially more difficult. You'd still have to spray and pray (would blanket the M7/top 10-12 schools) but if you had a jumbo GMAT someone should bite.

 

If you score a 700+ on the gmat, have a good story to tell, have a solid career track record (ie promotions), and can explain why your undergrad grades were poor then you could be a contender.

 

On GMAT, any score 700+ is good, but if you are Asian, bar is MUCH higher because you are judged in your own demographic, which tends to do well on GMAT. Same goes for GPA (anything above 3.3 is good). I'd rather hire a well rounded 3.4 to 3.6, who is easy to talk to, than someone, who spent his 4 years chasing a 3.9 to 4.0, and is socially awkward. Business schools when making decisions are primarily evaluating (Cetirus paribus) how hirable you are at the end of the two years, and what value you bring to the classroom discussion.    

Work experience can help stand apart, in addition to the quality of essays/recs. Getting into a top bschool is less competitive when economy is hot, and not many people are going to bschool. Reverse if shit has hit the fan. Gone are the days when just doing a stint at IB was a sure thing of getting you into a top school. 

 

While directionally correct, a 700+ GMAT is no longer the rule of thumb. Wharton, CBS, and Sloan all have median GMATs of around 730. If your GPA is low you're asking these schools to take someone with a lower GPA and a lower GMAT than their median student. Would say that unless you have something else outstanding (extremely unique work experience, a F500 CEO parent, etc.) then those schools won't happen with a < 730 GMAT and < median GPA.

 

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