I am looking for some career advise and my situation is this :
I am a 27 year old Indian IT guy who did his bachelors from a lesser known college from India with solid GPA and top 5% in my class. Graduated in '06.
Did pretty well after that and reached US via IT route and is currently hired by one of the largest health insurance companies in US amidst recession.
Working 80 hours per week come naturally to me and I cleared by CFA level 1 this year.
Never realized finance is something I'll love so much , I now wish to make a transition into i-banking
As i read through hundreds of posts on this site , it looks like it cannot be done without an MBA and I am all for it ...
I am sure I can crack a 750+ in GMAT.
Due to financial and contractual constraints , I cannot leave my current job till end of 2012.
So , I am having the below options :
Really work on my profile for applying till 2012 to apply for class of 2013 - take some additional courses , do some social work , take some more responsibility at work , prob give CFA exams and some healthcare exams
I can come up with a nice story of someone from healthcare finance to break into MBA college.
The problem is my background - I really dont know what my competition is - Indian IT male is perhaps the biggest component of applications for a b-school.
My calculation is something like this :
Prob of getting into Tier 1 school : very low
Prob of getting into Tier 2 school : low
Prob of getting into IBD with no background : medium
Prob of getting through Visa issue : high
Being close of NYC means that I can go for NYU part time MBA program.
I know about the fact that its pretty much impossible to get into IBD from a part-time program but I did read about a few success stories.
Plus if I start in 2012 spring , i should be done by 2014 summer.
The catch is the Visa situation for international students.
- Proximity to NYC , I pretty much party every weekend in NYC - so opportunity to network around is very high - plus I am giving myself 3 years - which is quite a lot
- NYU PT MBA is widely regarded as the Harvard of all PT MBA's
- For summer intern , I can a 3 month leave from current employer
Prob of getting into NYU PT MBA : medium to high
Prob of getting into IBD from a PT : very low to zero
Prob of getting stuck in Visa bullshit : high
What would be a better bet for me ? Pleas let me know your thoughts....