I'm finishing up my junior year at a top liberal arts school, and I'm weighing my options for whatever I end up doing postgrad. I'm an Economics and Classics double major, with a ~3.8 GPA (inducted into Phi Beta Kappa). I'm also an analyst with the school's Investment Club/Society, which manages ~$1.4 million of the endowment. In addition to the standard Econ curriculum, I've taken through the upper level Finance/Financial Accounting offerings.
My preference is to stay in school after graduating, especially given the labor market prognosis. Rather than pursuing a one-year undergrad add-on degree (McIntire at UVA, MS Finance at Vandy, etc.) - which I feel would be somewhat redundant given the finance electives I have taken - I'm interested in earning an MBA.
It appears that, generally, the upper echelon of MBA programs welcome/encourage applications from college seniors and others with minimal experience, a reversal from previous form. The schools that have a more theoretical focus (Chicago, for example) seem to be most welcoming. Lesser schools appear to still require work experience, either implicitly or explicitly.
Provided I have a strong, strong letters from professors (this is certain), and a strong experience, would I have a reasonable shot of acceptance at any of the top 20 or so schools?