Ask Stacy Blackman Consulting - Business School Admissions

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For those of you thinking of an MBA with admissions questions I've spoken with Stacy Blackman and she and her team have agreed to answer any questions for the WSO community. Any questions you have about the admissions process I'd recommend that you post them here in this thread.

For those of you that haven't heard of Stacy's services, here is a quick bio: Since 2001, Stacy Blackman Consulting has helped clients gain admission to every top business school in the world. The company's approach, based on developing and implementing a winning marketing strategy, makes the application process less stressful and more successful. Stacy Blackman Consulting's dedicated MBA consultant team boasts a unique combination of admissions experience, marketing savvy and writing skills. This, combined with extensive company resources, has led to an exceptional client success rate.

In addition to private client work, Stacy Blackman Consulting has run workshops at companies including JPMorgan, UBS and Credit Suisse First Boston. Stacy Blackman personally serves on the Board of Directors of AIGAC, the Association of International Graduate Admissions Consultants, has published a book, The MBA Application Roadmap, and is the mba/">Back to B-school blogger for CBS Interactive's BNET website. Stacy Blackman Consulting has been profiled in several publications, including Fortune Magazine, BusinessWeek and the Wall Street Journal.

Comments ( 546 )

14y
dipset1011 , what's your opinion? Comment below:

One question thats been lingering in my thought were how top MBA programs view a masters degree in finance. I will undoubtedly be applying for H/S/W and want to understand if this will deteriorate my chances. Also unemployment gaps from undergrad to a FT job. Obviously you understand our current situation but how will top MBA programs view this. Thanks in advance

14y
Stacy_Blackman , what's your opinion? Comment below:

Of course it depends on each individual situation and your personal circumstances, but as a general rule, the Masters in Finance will not help much. MBA programs want to see that you did well as an undergraduate, and then they want to see you excell professionally. The Masters in Finance can show them that you can handle the quantitative subject matter, but you can also prove this through earning your CFA , or through relevant work experience. If it makes sense for your story, it does not have to hurt you, but it is not something I would recommend to give you an edge in the admissions process.

With regards to gaps in employment...having a gap does not hurt you per se. It's how you handle that gap. Did you bounce back quickly, create opportunities for yourself? What did you learn? How did you grow? Getting laid off can even be an asset if you can show you grew from the experience.

www.StacyBlackman.com
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14y
chjon , what's your opinion? Comment below:

I have been wondering about how MBA programs view classes taken pass/fail. I understand if it's not in your major it isn't given much consideration, but if it comes down to two equally qualified candidates, can that be used as a point against you? Many thanks

14y
Stacy_Blackman , what's your opinion? Comment below:
chjon:
I have been wondering about how MBA programs view classes taken pass/fail. I understand if it's not in your major it isn't given much consideration, but if it comes down to two equally qualified candidates, can that be used as a point against you? Many thanks

Pass/Fail should not hurt you. If all your quant courses were pass/fail, they would want to see some evidence that you can handle that type of class, but no, most people have some pass fail courses and it is not a big deal. They will look at those classes as probably being subjects that you were interested in and just wanted to take and enjoy...and leave it at that.

www.StacyBlackman.com
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14y
CCme , what's your opinion? Comment below:

For those of us that are going to start working full-time this fall, any tips on how we should spend our spare time after work (in terms of "extracurriculars")? For the idea of increasing admission chances of course.

EDIT Those of us that won't be working in banking (hence, actual spare time)

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14y
Stacy_Blackman , what's your opinion? Comment below:
CCme:
For those of us that are going to start working full-time this fall, any tips on how we should spend our spare time after work (in terms of "extracurriculars")? For the idea of increasing admission chances of course.

EDIT Those of us that won't be working in banking (hence, actual spare time)

The key here is to align your activities with your interests. Think about things that you actually enjoy doing, activities you enjoyed in high school or college, and try to do something that extends that story. If you were on the soccer team, coach a soccer team. If you enjoyed art, get involved with bringing arts to inner city schools, etc... Try to make the activity fit with who you are.

www.StacyBlackman.com
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14y
PaperTrail , what's your opinion? Comment below:

Being that I am still an undergrad, I have a bit of time before I look at MBA schools more seriously, but I have a very general question for you. From some conversations I have had with alumni up to this point, it seems like there are three major things the schools focus on for candidates:

1) Undergrad GPA 2) Work Experience 3) Letter of Recommendation

Would you say this is an accurate perception? If not, what would you add? Are clubs/organizations relevant given the fact that they most likely have not been touched upon in 5 years when it becomes time to apply?

Any comments appreciated, thank you!

14y
Stacy_Blackman , what's your opinion? Comment below:
PaperTrail:
Being that I am still an undergrad, I have a bit of time before I look at MBA schools more seriously, but I have a very general question for you. From some conversations I have had with alumni up to this point, it seems like there are three major things the schools focus on for candidates:

1) Undergrad GPA 2) Work Experience 3) Letter of Recommendation

Would you say this is an accurate perception? If not, what would you add? Are clubs/organizations relevant given the fact that they most likely have not been touched upon in 5 years when it becomes time to apply?

Any comments appreciated, thank you!

The GMAT is also important. Activities matter as well, and if you have important activities in college you will want to continue to be involved in some way post college. Your life should not just be pure career. Hence it will not be a gap of five years by the time you apply. Your essays, which encompass most of these things, are incredibly important, along with recs and interview. In the essays you touch on academics, career, and also who you are and what your goals are. This is where you tell your story - everything gets tied together.

www.StacyBlackman.com
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14y
Stacy_Blackman , what's your opinion? Comment below:
IB1:
When speaking about GPA , is this Overall or Major? What happens if you have a 3.7+ overall from double majoring, but around a 3.3 GPA in your business major?

They look at everything. The number that is often quoted "average GPA " is the overall GPA . But if that overall GPA is based on easy courses at a lower ranked school, it will not weigh as heavily as if you majored in engineering at Stanford, or finance at Penn. They are not necessarily concerned with your major GPA , but if your major was easy or difficult that will factor into the assessment of your GPA . If your major was a business or highly quantitative subject, they will scrutinize it more carefully, because they want to know how you perform n these subjects.

Stacy Blackman Consulting MBA Admissions Consulting

www.StacyBlackman.com
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14y
LBJ , what's your opinion? Comment below:

Lets say you did your first two years in one school, than later transferred to another school two finish the last two years. Which school GPA do they take into consideration for admissions? Will they take the last two years or do they average the two?

Thanks!

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14y
Stacy_Blackman , what's your opinion? Comment below:

There is some variance between business schools on this subject. Many schools will use the cumulative GPA from the institution you graduated from as your GPA statistic in your evaluation. Other schools will use the GPA for only your last 60 hours. Then there are some schools who will use the overall, cumulative GPA factoring in your grades from all schools attended. The most common is the first--using the cumulative GPA from the school where you received your degree, but you can't count on that being the standard. Regardless of what GPA is assigned to you, transcripts from all institutions will be scrutinized and your performance in quantitative subjects in particular will be noted.

Stacy Blackman Consulting

www.StacyBlackman.com
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14y
doingfinance07 , what's your opinion? Comment below:

I was curious to know exactly what Harvard/Wharton/Stanford view as being the most important criteria for admission. How important is the GMAT (I've heard that its more important in business school admissions than the SAT is in college admissons)?

Also, since I am an undergraduate at a state university, and I am majoring in Engineering (minor in econ/math), is there anyway that I might be given more leniency for GPA standards?

As a final question, I wanted to ask you how the undergraduate major factors into Business School admissions. I've known many people who got into excellent business programs (Harvard/Wharton) with engineering undergrad, and I've noticed that many non-finance majors have fared very well in the admissions process. Is there an advantage to studying something other than business/econ as an undergrad?

John Wikowski
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14y
Stacy_Blackman , what's your opinion? Comment below:
doingfinance07:
I was curious to know exactly what Harvard/Wharton/Stanford view as being the most important criteria for admission. How important is the GMAT (I've heard that its more important in business school admissions than the SAT is in college admissons)?

Also, since I am an undergraduate at a state university, and I am majoring in Engineering (minor in econ/math), is there anyway that I might be given more leniency for GPA standards?

As a final question, I wanted to ask you how the undergraduate major factors into Business School admissions. I've known many people who got into excellent business programs (Harvard/Wharton) with engineering undergrad, and I've noticed that many non-finance majors have fared very well in the admissions process. Is there an advantage to studying something other than business/econ as an undergrad?

There is not one aspect of your business school application that is more important than another. Schools do not assign numeric values or weights to the different components (i.e., GMAT score, GPA , essays, interview, etc.). Schools do take into account where you go to school and your major in the evaluation. They know there are differences in the academic rigor across institutions as well as across majors. There is no preferred degree or one that will give you an advantage in business school admissions--it is best to pursue the degree that you are interested in so that you will be successful not only in terms of GPA , but also in your work experience after college.

www.StacyBlackman.com
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14y
california , what's your opinion? Comment below:

You mentioned that a candidate's life shouldn't be purely work-related, but following up on what CCme said, will admissions take into account that full time analysts in banking will not have much (or any) time to pursue activities outside of work?

Thank you in advance for answering our questions!

14y
Stacy_Blackman , what's your opinion? Comment below:
california:
You mentioned that a candidate's life shouldn't be purely work-related, but following up on what CCme said, will admissions take into account that full time analysts in banking will not have much (or any) time to pursue activities outside of work?

Business schools are aware of the difference in time demands between career paths. So while it is understandable banking analysts do not have much time outside of work, it is still possible to be involved in a community organization or nonprofit. Similarly, you will still have outside interests/hobbies. You don't have to spend 20 hours a week committed to an outside activity--it can be something you do one weekend a month or chairing an annual event. The important thing is to demonstrate your ability to juggle work with personal life and have other areas where your leadership abilities can shine.

www.StacyBlackman.com
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14y
RexMundi , what's your opinion? Comment below:

How important is work experience for the MBA? I'v heard its possible to take the MBA immediatley after graduating for a bachelors without prior work experience but I'm inclined to take this with a grain of salt.

14y
Stacy_Blackman , what's your opinion? Comment below:
RexMundi:
How important is work experience for the MBA? I'v heard its possible to take the MBA immediatley after graduating for a bachelors without prior work experience but I'm inclined to take this with a grain of salt.

Most schools prefer that applicants have at least 2 years of professional work experience prior to entering business school. Professional work experience is defined as full-time, professional-level work after graduating with a bachelor's degree. Having experiences you can draw on during class discussions as well as the maturity you gain from working are important for you to maximize your learning in business school. While some schools do take applicants directly from undergraduate studies, these folks generally are high academic achievers (>3.8 GPA, >700 GMAT ) and have done some professional internships or have experience in a family business. Likewise, they have extensive evidence of leadership and teamwork skills from extracurricular activities during college.

www.StacyBlackman.com
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14y
monkeyinasuit , what's your opinion? Comment below:

Should I take the GMAT as an undergrad?

I am currently an undergrad about to graduate very soon and my professors have told me I should take the GMAT when I have my study habits and ample time. Or is there a more optimal time or life stage in studying and preparing for the GMAT ?

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14y
Stacy_Blackman , what's your opinion? Comment below:
monkeyinasuit:
Should I take the GMAT as an undergrad?

I am currently an undergrad about to graduate very soon and my professors have told me I should take the GMAT when I have my study habits and ample time. Or is there a more optimal time or life stage in studying and preparing for the GMAT ?

Your GMAT score is good for 5 years. So, if you take the GMAT as a senior in college, you can use that score to apply to business school after gaining up to 4 years of experience. For many people, it is a good idea because preparing for the exam can take up quite a bit of time. There is no evidence people who take it as college seniors score higher than those 3 years out of college though. If you feel you have time to prepare and know you will want to apply within 4 years of graduating, then perhaps you should take it and see how you do. You can always take it again later.

www.StacyBlackman.com
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14y
mcds , what's your opinion? Comment below:

I have a few questions.

From looking at statistics, it doesn't seem GPA is weighted as heavily in business school admissions relative to other graduate programs, but rather the GMAT is more emphasized. However, I've heard that once you cross the 710 mark or so, the difference between a 730 and a 750 is negligible in terms of admissions prospects. Is this accurate? Also, what kind of weight, if any, do admissions officers place on your undergraduate institution? What about if they are under the same university?

Finally, it seems that some schools are leaning towards younger applicants, while others still prefer older applicants. I am planning on applying to business school after 2 or 3 years of WE - would it be best to apply to the schools looking for younger applicants and, should those not go well, wait another 2 years or so to apply to the other schools? Thanks

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14y
Stacy_Blackman , what's your opinion? Comment below:
mcds:
From looking at statistics, it doesn't seem GPA is weighted as heavily in business school admissions relative to other graduate programs, but rather the GMAT is more emphasized. However, I've heard that once you cross the 710 mark or so, the difference between a 730 and a 750 is negligible in terms of admissions prospects. Is this accurate? Also, what kind of weight, if any, do admissions officers place on your undergraduate institution? What about if they are under the same university?

Finally, it seems that some schools are leaning towards younger applicants, while others still prefer older applicants. I am planning on applying to business school after 2 or 3 years of WE - would it be best to apply to the schools looking for younger applicants and, should those not go well, wait another 2 years or so to apply to the other schools?

There is no component of the application weighted heavier than another. Applicants are viewed holistically, and admissions professional are looking for applicants who are strong overall. So both the GMAT and GPA are equally important and can help to mitigate each other. For example, maybe your GPA is on the low side because you worked during school; scoring well on the GMAT can mitigate that possible weakness because it confirms your ability to succeed in the classroom. Business schools are also aware of the variance in rigor between schools and majors, so where you go to school and your major is accounted for in the evaluation of your application.

Yes, there is a trend with some programs to admit younger applicants. However, most schools still prefer applicants to have at least 2 years of professional experience. If you plan to apply when you have 2-3 years, then there is no reason to select your target schools based on some notion of whether or not the school likes younger/older applicants. You want to target schools that are the best match for your career goals.

www.StacyBlackman.com
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Best Response
14y
lionheart , what's your opinion? Comment below:

I'm currently in my last semester of college and have a 3.65 GPA .

I often hear that unlike law school or med school, business schools take a holistic view of the application and things such as work experience, GMAT score, and essays are more important than having a high GPA .

Because I'm planning to take the CPA exam, I am trying to study as much as I can for the exam prior to working. I know this may be an asinine question, but do you think it'd be better to chill on my school work and spend more time on CPA or should I still try to get straight A's? Even if I get straight B's I will have above a 3.5 GPA when I graduate.

I also, don't want to spend my last semester of college trapped in the library.

14y
Stacy_Blackman , what's your opinion? Comment below:
lionheart:
I'm currently in my last semester of college and have a 3.65 GPA .

I often hear that unlike law school or med school, business schools take a holistic view of the application and things such as work experience, GMAT score, and essays are more important than having a high GPA .

Because I'm planning to take the CPA exam, I am trying to study as much as I can for the exam prior to working. I know this may be an asinine question, but do you think it'd be better to chill on my school work and spend more time on CPA or should I still try to get straight A's? Even if I get straight B's I will have above a 3.5 GPA when I graduate.

Business schools do view applicants holistically, but that is not to say it diminishes the importance of your GPA . All aspects of your application are viewed with equal importance. Like many accounting majors, you are studying for the CPA in your final semester, and as such, must manage your time well. I think you should simply try to do your best in your coursework and on the exam without thinking in terms of sacrificing one for the other. There will not be much significance to your GPA being a 3.5 versus a 3.65. However, if your final semester looks different from the previous semesters in terms of performance, you might want to note why that is in your application (studying for the CPA).

www.StacyBlackman.com
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14y
youngmoney , what's your opinion? Comment below:

How have previously successful MBA candidates secured spots in top MBA programs after only two/three years of work experience for an investment bank ? I know circumstances differ from one candidate to another, but the average work experience in top MBA programs is 6-7 years.

14y
Stacy_Blackman , what's your opinion? Comment below:
youngmoney:
How have previously successful MBA candidates secured spots in top MBA programs after only two/three years of work experience for an investment bank ? I know circumstances differ from one candidate to another, but the average work experience in top MBA programs is 6-7 years.

The success of an application to business school is not an exact science; there is no secret formula or guarantee of admission if you meet a threshold. Admissions is based on evaluating an applicant holistically to determine if s/he can handle the work, has realistic career goals, has a solid rationale for getting a MBA , and will be a cultural fit at the school. Depending on the individual, some folks are ready for business school after 2 years of work experience and others are ready after 5 years. Where you are on your career path and in your life are critical in selecting the right time to go to school. Finally, with regards to the average years of experience for a school, it is simply that--an average. That means half the class is less than that number and half the class is above that number. Thus you will find a range of experience in any class with the majority of students falling somewhere between 2 and 8 years of work experience.

www.StacyBlackman.com
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14y
waltersobchek , what's your opinion? Comment below:

This might seem like a juvenile question, but if one is applying to a top MBA program, with 3-4 years of Investment Banking, and then Private Equity experience, does knowing a Senior Lecturer help at all with the admission process?

14y
Stacy_Blackman , what's your opinion? Comment below:
waltersobchek:
This might seem like a juvenile question, but if one is applying to a top MBA program, with 3-4 years of Investment Banking, and then Private Equity experience, does knowing a Senior Lecturer help at all with the admission process?

Perhaps. It will not hurt you to know a faculty member, but you should not expect it to give you an advantage either. In most cases, knowing a faculty member is helpful as you should be able to get a thorough introduction to the school, and the faculty member can convey your strength as an applicant to the admissions office. In essence, it helps to make your application less of a paper file and more of a person. Likewise, it can also help you to get an introduction to the Director of Admissions that might otherwise be tough to get.

www.StacyBlackman.com
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14y
BigBear85 , what's your opinion? Comment below:

Hi Stacy,

I'm currently an undergraduate who will be joining Teach for America next year. I was wondering how TFA is viewed in terms of placement for business schools. If, for example, I were to do TFA for 2 years then go into one of the more traditional business industries (i-banking or consulting) for 2-3 years, would I be at a disadvantage compared to those who did a more traditional i-banking then PE career path? Would you even recommend applying to business school straight out of TFA, assuming that I have taken the GMAT (700+ score) and with a decent GPA (3.7+ from a top non-target)?

Finally, what advantages are there for taking the CFA ? Do business schools take into consideration being CFA chartered in their admissions process?

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14y
Stacy_Blackman , what's your opinion? Comment below:
BigBear85:
I'm currently an undergraduate who will be joining Teach for America next year. I was wondering how TFA is viewed in terms of placement for business schools. If, for example, I were to do TFA for 2 years then go into one of the more traditional business industries (i-banking or consulting) for 2-3 years, would I be at a disadvantage compared to those who did a more traditional i- banking then PE career path? Would you even recommend applying to business school straight out of TFA, assuming that I have taken the GMAT (700+ score) and with a decent GPA (3.7+ from a top non-target)?

Finally, what advantages are there for taking the CFA ? Do business schools take into consideration being CFA chartered in their admissions process?

Congratulations on joining TFA! That is quite an accomplishment. Business schools are very aware of the selectivity of TFA and the caliber of its members, so that should serve you well in the future. TFA has partnerships with many graduate programs, including business schools. Consequently, you should think about when you might want to go to business school as many b-schools waive the application fee for TFA members in their final year of service. If you score well on the GMAT (700+) and have a GPA over a 3.5, I think you could be a competitive applicant after your two years of TFA. However, if you feel you need the corporate work experience first, then you should consider working for a few years prior to applying. Essentially, it comes down to what makes the most sense for you in relation to your career goals and where you are in your personal life. Business schools do not have industry preferences nor do they value banking experience over other industries.

As for the CFA , it will not give you any sort of advantage, per se, but can help to demonstrate your quantitative aptitude.

www.StacyBlackman.com
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13y
JZ , what's your opinion? Comment below:

I need help! It's very urgent! The response deadline is next Monday. I'm accepted to Stanford GSB, Chicago GSB and Dartmouth Tuck Bridge summer business programs. I want to apply for Harvard 2+2 program. So, which summer business program shall I choose? My preferences are Stanford and Chicago, coz the Tuck program is too finance-oriented, while Stanford and Chicago programs will teach more, e.g., marketing, corporate strategies.

Any suggestions?

13y
Stacy_Blackman , what's your opinion? Comment below:
JZ:
I need help! It's very urgent! The response deadline is next Monday. I'm accepted to Stanford GSB, Chicago GSB and Dartmouth Tuck Bridge summer business programs. I want to apply for Harvard 2+2 program. So, which summer business program shall I choose? My preferences are Stanford and Chicago, coz the Tuck program is too finance-oriented, while Stanford and Chicago programs will teach more, e.g., marketing, corporate strategies. Any suggestions?

Congratulations on your admission to some great programs! I would suggest thinking about what you want in a program, make a list, and then prioritize the list. Then you can measure each program against the list to see if one rises to the top. Don't forget aspects like cultural fit, location, and industry/alumni connections as these can be as valuable to your experience as curriculum, resources, and programs. Based on the schools, I don't think you can make a "wrong" decision; it is just a matter of determining which is the best fit for you.

www.StacyBlackman.com
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13y
Kikuichimonji , what's your opinion? Comment below:

Hello Stacy,

I am currently a junior studying business, but am interested in applying for the HBS 2+2 program. I know that they do not usually take business undergrads, but I have a nontraditional background. I've founded two successful startups, the first of which I exited to jump on to the latter, have a history of volunteer work, and have a 3.7 GPA at a top undergrad business program.

First, do you think it would be worthwhile to apply for the 2+2 program, or even for full-time MBA programs if my goals are either to develop business skills to grow my startup ideas or to apply my previous experience to a consulting/technology job?

Second, I have not taken my GMAT or approached my recommenders for letters, and the deadline for the 2+2 program is this July. That leaves just 3 months for both, and I am not sure if I can accomplish both requirements in that time.

I would greatly appreciate any advice you could give. Thank you.

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13y
Stacy_Blackman , what's your opinion? Comment below:
Kikuichimonji:
I am currently a junior studying business, but am interested in applying for the HBS 2+2 program. I know that they do not usually take business undergrads, but I have a nontraditional background. I've founded two successful startups, the first of which I exited to jump on to the latter, have a history of volunteer work, and have a 3.7 GPA at a top undergrad business program.

First, do you think it would be worthwhile to apply for the 2+2 program, or even for full-time MBA programs if my goals are either to develop business skills to grow my startup ideas or to apply my previous experience to a consulting/technology job?

Second, I have not taken my GMAT or approached my recommenders for letters, and the deadline for the 2+2 program is this July. That leaves just 3 months for both, and I am not sure if I can accomplish both requirements in that time.

First, I think you need to determine if obtaining a MBA is the right step for you. Depending on your career goals, it might or it might not. If you feel that you do need/want a MBA for professional development, then you should think about when the appropriate time is to go. Should it be after a few years of work experience? Or should you go directly from undergraduate studies? Or should you wait and consider doing an executive program after 10 years of experience?

As for the 2+2 program, I think you should contact HBS to discuss your background in relation to eligibility for the program. While business majors are not prohibited from applying, the program is really designed for non-business majors. Additionally, you have business experience with your start-up opportunities. Based on what HBS has on the website, you appear to be a better fit to apply directly to the MBA program as a college senior. It is not impossible to get an application in by July, but you would need to start preparing for the GMAT immediately and take it by mid-May. Then you would still have a chance to take it a second time if you don't like your score prior to the deadline.

www.StacyBlackman.com
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13y
brucekane , what's your opinion? Comment below:

Hi Stacy

I have been following your blog for quite sometime. I have offers from three B-schools: CMU-Tepper, Toronto-Rotman and McCombs-Texas.

Considering that I am an international coming from non-fin background which school should I be looking at to launch a career in asset-management.

(My fellow primates chip-in here and let me know what you guys think)

Cheers

13y
Stacy_Blackman , what's your opinion? Comment below:
brucekane:
I have been following your blog for quite sometime. I have offers from three B-schools: CMU-Tepper, Toronto-Rotman and McCombs-Texas.

Considering that I am an international coming from non-fin background which school should I be looking at to launch a career in asset-management.

Congratulations on your admissions offers! What great choices you have in front of you, so you can't make a "wrong" decision. I think it is helpful to approach this decision in a systematic manner making sure you are picking the program that is the best fit. In order to do that, you need to make a list of what is important to you in a program (i.e., curriculum, industry connections/placement success, alumni network, culture, location, etc.). Then you will want to prioritize the list and measure each program against your list. Good luck with your decision and enjoy business school!
www.StacyBlackman.com
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13y
jay-z , what's your opinion? Comment below:

Hey Stacy,

Thanks for your willingness to help the community. I have a couple GPA -related questions I would appreciate your help with:

1) Do business schools recalculate your undergraduate GPA or just take the one given by your school? I once failed an introduction to finance class (made a conscious decision to fail so I could retake it) and am retaking it and will likely get an A. My school replaces my old grade with the new in calculating my GPA , but will business schools do the same or count both in the GPA ?

2) I am thinking of changing my intermediate accounting course to pass/fail to save my GPA from a B-/C+ which is actually pretty significant considering I am a borderline 3.5 student. How do business schools treat a "P" when calculating my GPA (if they do this at all) and evaluating my application? Would you suggest this? I figure I can prove I have a strong quantitative mind with a high GMAT and because I will soon start working for a top BB investment bank .

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13y
Stacy_Blackman , what's your opinion? Comment below:
Kaba Modern:
Thanks for your willingness to help the community. I have a couple GPA -related questions I would appreciate your help with:

1) Do business schools recalculate your undergraduate GPA or just take the one given by your school? I once failed an introduction to finance class (made a conscious decision to fail so I could retake it) and am retaking it and will likely get an A. My school replaces my old grade with the new in calculating my GPA , but will business schools do the same or count both in the GPA ?

2) I am thinking of changing my intermediate accounting course to pass/fail to save my GPA from a B-/C+ which is actually pretty significant considering I am a borderline 3.5 student. How do business schools treat a "P" when calculating my GPA (if they do this at all) and evaluating my application? Would you suggest this? I figure I can prove I have a strong quantitative mind with a high GMAT and because I will soon start working for a top BB investment bank .

Business schools do not usually do a recalculation of GPAs. They rely on the applicants to truthfully report the accurate number and expect it to match what is on their transcripts. Nevertheless, you should not rule out the possibility that a school will do its own calculation. In doing so, the school will use the transcripts. Thus you need to determine how these courses will appear on your transcript.

Whether or not you change your intermediate accounting class to pass/fail is your call. If you can do that and still earn the credit, then you might consider it so it does not affect your GPA . Generally speaking, I think schools would rather see an actual grade earned. However, as an applicant, I think if you can change a course to pass/fail to not hurt your GPA then it might be worth doing so. Since there are no grade points associated with a pass/fail, then it will not be part of a GPA calculation.

www.StacyBlackman.com
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13y
jay-z , what's your opinion? Comment below:

I posted this in the general thread but would love your opinion as well:

"I am thinking of studying abroad in China for the second semester of my senior year. However, I'm concerned because my GPA is relatively low and it may be a better idea to stick around at my school to take some classes and boost my GPA (3.5+ --> 3.6+)

In terms of business school admissions, which would make a more positive impact?

I also did poorly in some quantitative courses due to being lazy. Would it be a good idea to stack my last semester with quantitative courses to prove I can count?

13y
Stacy_Blackman , what's your opinion? Comment below:
Kaba Modern:
I am thinking of studying abroad in China for the second semester of my senior year. However, I'm concerned because my GPA is relatively low and it may be a better idea to stick around at my school to take some classes and boost my GPA (3.5+ --> 3.6+)

In terms of business school admissions, which would make a more positive impact?

I also did poorly in some quantitative courses due to being lazy. Would it be a good idea to stack my last semester with quantitative courses to prove I can count?

I think you need to do what makes the most sense for your personal and professional development. I don't think increasing your GPA from a 3.5 to a 3.6 is a significant difference. I do think, however, that it strengthens your application to show high marks in quantitative coursework. So if you did poorly in quantitative courses, then you might want to consider taking some classes and earning A's to demonstrate your aptitude. That is not to say you have to do that now--it is something you can do after you graduate while you are working. Either way, I think you might strongly consider taking courses prior to applying to business school.

www.StacyBlackman.com
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13y
apcpaehfaef , what's your opinion? Comment below:

I did poorly in my quantitative courses at my university but will be starting at a top BB as an IBD analyst. Would this be enough to show my quantitative skills or should I stack my senior year with more quantitative courses like economics/statistics/accounting and try harder than my previous 3 years?

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Stacy_Blackman , what's your opinion? Comment below:
runner88:
I did poorly in my quantitative courses at my university but will be starting at a top BB as an IBD analyst. Would this be enough to show my quantitative skills or should I stack my senior year with more quantitative courses like economics/statistics/accounting and try harder than my previous 3 years?

Simply working in finance will not be enough to mitigate poor marks in quantitative courses. Business schools need to see that you have the aptitude to succeed in the classroom. I think it would be helpful to not only your future applications, but also your career if you take some additional quantitative courses and do well in them. You will also want to score highly on the quantitative section of the GMAT . Finally, you will want to succeed professionally in your career path to demonstrate your ability to practically apply quantitative skills.

www.StacyBlackman.com
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jay-z , what's your opinion? Comment below:

Thanks for the prompt response. A couple more questions...

1) Would stacking my first semester senior year with quantitative courses (accounting/finance/economics), doing well in them, and then traveling abroad the following semester be enough to prove I have a strong quantitative side? Or should I stick around for my final semester to take even more quantitative courses?

2) What about taking quantitative courses while I am abroad? How much would business schools discount these courses because they are not at an American institution? I am participating in study abroad through a university-sponsored program so all courses are transferable and included in my cumulative GPA and major GPA .

Appreciate it.

  • 2
13y
Stacy_Blackman , what's your opinion? Comment below:
Kaba Modern:
1) Would stacking my first semester senior year with quantitative courses (accounting/finance/economics), doing well in them, and then traveling abroad the following semester be enough to prove I have a strong quantitative side? Or should I stick around for my final semester to take even more quantitative courses?

2) What about taking quantitative courses while I am abroad? How much would business schools discount these courses because they are not at an American institution? I am participating in study abroad through a university-sponsored program so all courses are transferable and included in my cumulative GPA and major GPA .

Any of these scenarios will suffice, so choose what works best for you to achieve your goals. As long as the school sees the grade you earn in the courses on your transcript, then you can take them domestically or abroad.

www.StacyBlackman.com
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13y
apcpaehfaef , what's your opinion? Comment below:

Hey Stacy, when you say people can take quantitative courses after we graduate, are you talking about taking community college courses?

Also, would I include these extra community college courses in calculating my GPA , or am I supposed to calculate and write 2 separate GPA 's on the business school application (1 for my university and 1 for the courses I've taken at a community college)?

  • 1
13y
Stacy_Blackman , what's your opinion? Comment below:
runner88:
Hey Stacy, when you say people can take quantitative courses after we graduate, are you talking about taking community college courses?

Also, would I include these extra community college courses in calculating my GPA , or am I supposed to calculate and write 2 separate GPA 's on the business school application (1 for my university and 1 for the courses I've taken at a community college)?

Yes, you can take courses at a community college or university. These courses would not count in your reported GPA for your degree since they do not count towards your degree, but you do want to take them for a grade to show you mastered the material.

www.StacyBlackman.com
  • 2
13y
Stacy_Blackman , what's your opinion? Comment below:
runner88:
Hey Stacy, when you say people can take quantitative courses after we graduate, are you talking about taking community college courses?

Also, would I include these extra community college courses in calculating my GPA , or am I supposed to calculate and write 2 separate GPA 's on the business school application (1 for my university and 1 for the courses I've taken at a community college)?

Yes, you can take courses at a community college or university. These courses would not count in your reported GPA for your degree since they do not count towards your degree, but you do want to take them for a grade to show you mastered the material.

www.StacyBlackman.com
  • 2
13y
Beast Mode , what's your opinion? Comment below:
  1. To continue with this discussion, I hear that business schools will recalculate your GPA for the final 2 years of your undergraduate program. Is this true?

  2. In this case, if your university includes your study abroad grades in calculating your cumulative and major GPA 's, will business schools also include these study abroad grades when calculating your last-2-years GPA ? Or will they cut these grades out?

  3. I have failed and retaken a course in my junior year - my school replaces the old grade with the new in calculating the GPA (although you still see both grades). Would business schools include BOTH grades in calculating my final-2-years GPA , or just the new one?

  • 2
13y
Stacy_Blackman , what's your opinion? Comment below:
Beast Mode:
1. To continue with this discussion, I hear that business schools will recalculate your GPA for the final 2 years of your undergraduate program. Is this true?
  1. In this case, if your university includes your study abroad grades in calculating your cumulative and major GPA 's, will business schools also include these study abroad grades when calculating your last-2-years GPA ? Or will they cut these grades out?

  2. I have failed and retaken a course in my junior year - my school replaces the old grade with the new in calculating the GPA (although you still see both grades). Would business schools include BOTH grades in calculating my final-2-years GPA , or just the new one?

  • There are variances on how schools will evaluate your GPA . While some will recalculate for your final 2 years/60 credit hours, other schools do not and look at your cumulative GPA . You will want to clarify with each of your target schools to determine if the school focuses solely on the last 2 years or not.

  • The calculations will be done from the grades reported on your transcripts. Thus if you receive a grade in a study abroad course that shows on your transcript, then it will factor into the calculation.

  • Probably some variance on this question as well--There are probably some schools that will count it in the calculation and some that won't. Most schools will probably follow what your institution does in this regard, but you shouldn't count on it.

  • www.StacyBlackman.com
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    13y
    AgreeWitMe , what's your opinion? Comment below:

    Hey Stacy, thanks for taking the time to answer the questions. I have one for you. I'm a senior, finance major in college. I really enjoy music so much that I'm thinking about getting an associate degree in music after I graduate. Would this look good when applying to business school? or do they not care?

    Also, I'm planning on taking the GMAT as soon as I graduate. I know the test scores are good for 5 years so is 5 years of work experience enough to get into the top MBA programs.

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    13y
    Stacy_Blackman , what's your opinion? Comment below:
    AgreeWitMe:
    Hey Stacy, thanks for taking the time to answer the questions. I have one for you. I'm a senior, finance major in college. I really enjoy music so much that I'm thinking about getting an associate degree in music after I graduate. Would this look good when applying to business school? or do they not care?

    Also, I'm planning on taking the GMAT as soon as I graduate. I know the test scores are good for 5 years so is 5 years of work experience enough to get into the top MBA programs.

    An associate's degree in music will not strengthen your application to business school. However, if you do pursue that, it will be important for you to have a solid rationale behind why you got the degree and how it is been useful to you.

    Your GMAT score is good for 5 years, but you will want to make sure you are applying in the right time range as some schools will require the score be within 5 years of matriculating, not applying. Top MBA programs prefer (some require) at least 2 years of professional, full-time work experience (this means after you graduate with a bachelor's degree). It is not the quantity of work experience that matters, but the quality of the experience. So, it is important to demonstrate a successful track record and career progression in your applications.

    www.StacyBlackman.com
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    13y
    agpceiahfpaef , what's your opinion? Comment below:

    Hi Stacy. Just got a quick question about picking classes in my final semester in college. Here are my results from the economics/math classes I've taken:

    Math 1A: Calculus (A -) Math 1B: Calculus (B) UGBA 101A: Macroeconomics (B) ECON 100B: Microeconomics (P...I took it pass/fail)

    For my last class next semester, I am deciding between: ECON C181: International Trade Math 53: Multivariable Calculus

    My poor grades in the past were more a result of a bad work ethic rather than a lack of understanding. I like both subjects and am pretty sure I can do well in both courses. I understand admissions committees look for quantitative courses, so I was wondering which course you would suggest? Thanks a lot!

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    13y
    Stacy_Blackman , what's your opinion? Comment below:
    Sandwich158:
    Hi Stacy. Just got a quick question about picking classes in my final semester in college. For my last class next semester, I am deciding between: ECON C181: International Trade Math 53: Multivariable Calculus

    I like both subjects and am pretty sure I can do well in both courses. I understand admissions committees look for quantitative courses, so I was wondering which course you would suggest? Thanks a lot!

    I think you should take the course that most interests you or makes the most sense for your career after graduating. I think the multivariable calculus course would be a better demonstration of your quantitative aptitude than the economics course though. Regardless of which you take, it will be important for you to do well and end your transcript on a positive note.

    www.StacyBlackman.com
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    13y
    kacryawbnraatbs , what's your opinion? Comment below:

    What value does an MBA hold outside of the U.S., particularly in the Asia-Pacific region. If you have been working abroad and eventually want to return to an overseas location, how might MBA admissions people look at this, that is if they tend to weigh the potential impact of an MBA on a person and his/her career after school when making acceptance decisions?

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    Barbara Stanwyck:
    What value does an MBA hold outside of the U.S., particularly in the Asia-Pacific region. If you have been working abroad and eventually want to return to an overseas location, how might MBA admissions people look at this, that is if they tend to weigh the potential impact of an MBA on a person and his/her career after school when making acceptance decisions?

    The value of your MBA will vary in different world regions as well as by industry. There are definitely industries that value MBAs more than others, and some industries require folks to have a graduate degree to move up past a certain level. There are business schools in many countries throughout the world and there are advantages to going to business school in the location where you want to be when you finish. Business schools do evaluate applicants based on their career goals, how business school makes sense for those goals, and how strong of a fit the school is for those goals. So, the onus is on the applicant to present a strong rationale for why he/she wants a MBA in relation to his/her past experience and future career goals. If you want to be in the Asia-Pacific region, then you might consider business school in that region of the world. There are many options in the Asia-Pacific region now, including some that are partnerships between a US or EU school with a school in the region.

    www.StacyBlackman.com
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    13y
    excelsior , what's your opinion? Comment below:

    Hey Stacy, someone asked about how bschools average GPAS if you attended two schools and you said "Many schools will use the cumulative GPA from the institution you graduated from as your GPA statistic in your evaluation. Other schools will use the GPA for only your last 60 hours. Then there are some schools who will use the overall, cumulative GPA factoring in your grades from all schools attended." Can you name a few top schools that use the first or second method or were you just generally speaking?

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    13y
    Stacy_Blackman , what's your opinion? Comment below:
    excelsior:
    Hey Stacy, someone asked about how bschools average GPAS if you attended two schools and you said "Many schools will use the cumulative GPA from the institution you graduated from as your GPA statistic in your evaluation. Other schools will use the GPA for only your last 60 hours. Then there are some schools who will use the overall, cumulative GPA factoring in your grades from all schools attended." Can you name a few top schools that use the first or second method or were you just generally speaking?

    Most schools will indicate how they evaluate your academic history, including the GPA calculation, in their admissions information. If you do not see detail on this, then the best course of action is to ask the school's admissions office directly. Schools do change their methods as new Admissions Directors and/or Deans take over a business school or in response to other factors.

    www.StacyBlackman.com
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    13y
    WHMD , what's your opinion? Comment below:

    Hi Stacy,

    I've seen some discussion of this topic before, but what's your take on taking the GMAT multiple times? Say you take it once in senior year of college but don't get a score you like. 3 year later, you take it and do much better. I assume that should be fine?

    And also, is there an option to cancel test scores, and if so, is it ever worth using?

    Thanks!

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    WHMD:
    I've seen some discussion of this topic before, but what's your take on taking the GMAT multiple times? Say you take it once in senior year of college but don't get a score you like. 3 year later, you take it and do much better. I assume that should be fine? And also, is there an option to cancel test scores, and if so, is it ever worth using?

    Most people take the GMAT at least twice, so there is nothing wrong or negative with taking the GMAT multiple times. Schools usually use the test with the highest total score in your evaluation. You do have an option to cancel your scores during the exam, but not after. I would only suggest doing so if you are confident the score is not going to reflect your abilities.

    www.StacyBlackman.com
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    13y
    xenowang , what's your opinion? Comment below:

    Hi Stacy,

    My undergraduate performance was fairly decent, but my GPA took a drop in my final semester due to slacking off on a general requirement course, in which I received a C+. How can I best make up for this shortcoming if I plan on applying to the top MBA programs in the nation after a few more years of professional experience? Thank you for taking my question.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    xenowang:
    My undergraduate performance was fairly decent, but my GPA took a drop in my final semester due to slacking off on a general requirement course, in which I received a C+. How can I best make up for this shortcoming if I plan on applying to the top MBA programs in the nation after a few more years of professional experience?

    You can't change what will be seen on your transcript, but it is unclear how much (if any) impact a slide in your last semester will affect your admissions evaluation--especially if it is one class. If you have a strong GMAT score and an otherwise strong transcript, I don't think you should worry much about your last semester or the C+ in the course. Once you are ready to apply to school and know what your GMAT score is, you can revisit your undergraduate performance and determine if you need do something more to address it.

    www.StacyBlackman.com
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    13y
    millerbdog , what's your opinion? Comment below:

    Hi Stacy,

    I was wondering what your thoughts were on my position. I plan on applying round 1 this fall to a mix of top schools. Roughly 3 M7 with 2-3 lower ranked schools as well. Profile: M/White/24/2 yrs Tech Consulting/3.4 top State/decent ec's.

    My goal is to move into finance, targeting VC / PE space. I was recently offered a position at a boutique financial service firm, in a consulting capacity. The work sounds interesting and fits with my goals, I would be working with a group providing advice to early stage-companies (work would be applicable to VC).

    How do you think this type of move would be regarded? I would be there roughly 4-5 months before applications, and a little over a year before matriculation. I would view this similarly to an extended internship to gain experience and perspective to help in gaining a VC / PE role post-MBA.

    • 1
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    millerbdog:
    I was wondering what your thoughts were on my position. I plan on applying round 1 this fall to a mix of top schools. Roughly 3 M7 with 2-3 lower ranked schools as well. Profile: M/White/24/2 yrs Tech Consulting/3.4 top State/decent ec's.

    My goal is to move into finance, targeting VC / PE space. I was recently offered a position at a boutique financial service firm, in a consulting capacity. The work sounds interesting and fits with my goals, I would be working with a group providing advice to early stage-companies (work would be applicable to VC).

    How do you think this type of move would be regarded? I would be there roughly 4-5 months before applications, and a little over a year before matriculation. I would view this similarly to an extended internship to gain experience and perspective to help in gaining a VC / PE role post-MBA.

    It seems the job opportunity is in line with your future career goals, so if you want to make the move, then you should. There is no reason to be concerned with the timing--you will be there long enough by applications to talk/write knowledgeably about the role and enough time before you enter school to have accomplishments for your resume.

    www.StacyBlackman.com
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    13y
    glowinthedark , what's your opinion? Comment below:

    Hello Stacy,

    Would you be able to give me a rough idea as to how an honors degree GPA would weigh against a regular degree GPA. Honors as in separate economics program, where courses are close to the Graduate level and clearly listed on the transcript as Honors Micro/Macro etc... There is significant deflation in my program; in fact it is not uncommon that regular business school students enter the program with GPA >3.6 and either get kicked out or drop out of the program. I was wondering cetaris perabis, how this would be seen for MBA admissions at top programs. Lets say hypothetically you graduate honors, ~2-4% of faculty every year, but have a 3.0 CGPA which in this case would be the strict minimum requirement to stay in the program, how would that look for the admissions committee?

    • 1
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    glowinthedark:
    Would you be able to give me a rough idea as to how an honors degree GPA would weigh against a regular degree GPA. Honors as in separate economics program, where courses are close to the Graduate level and clearly listed on the transcript as Honors Micro/Macro etc... There is significant deflation in my program; in fact it is not uncommon that regular business school students enter the program with GPA >3.6 and either get kicked out or drop out of the program. I was wondering cetaris perabis, how this would be seen for MBA admissions at top programs. Lets say hypothetically you graduate honors, ~2-4% of faculty every year, but have a 3.0 CGPA which in this case would be the strict minimum requirement to stay in the program, how would that look for the admissions committee?

    Admissions offices at most schools are aware of grading differences in honors programs. However, I think it is important for you to also provide a concise explanation in your application--especially if the transcript does not note the difference in your coursework.

    www.StacyBlackman.com
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    13y
    Ganthor , what's your opinion? Comment below:

    Hello Stacy, I am just wondering what your opinion and experience has been in regards to business students who obtain their undergrad degree from a Canadian university and how it impacts admissions for top MBA programs in the US and Europe.

    Thanks.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    Ganthor:
    I am just wondering what your opinion and experience has been in regards to business students who obtain their undergrad degree from a Canadian university and how it impacts admissions for top MBA programs in the US and Europe.
    www.StacyBlackman.com
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    Ganthor:
    I am just wondering what your opinion and experience has been in regards to business students who obtain their undergrad degree from a Canadian university and how it impacts admissions for top MBA programs in the US and Europe.

    Graduating from a Canadian school has no impact, positive or negative, with regards to business school admissions. There is not a preferred degree or preferred list of undergraduate colleges/universities by top business schools, nor is there a list of schools that top MBA programs don't like. What does have an impact is how you performed academically, how hard your major was, and how selective your undergraduate school is in its admissions.

    www.StacyBlackman.com
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    13y
    days150 , what's your opinion? Comment below:

    Hi Stacy,

    I am going to build an alternative transcript but am not sure where to do it. I am looking at either taking online courses through UC Berkeley Extension which are equivalent to the classes I've done poorly in (I'm a current UC Berkeley student) versus taking classes at a local community college. What would you suggest?

    Thanks.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    days150:
    I am going to build an alternative transcript but am not sure where to do it. I am looking at either taking online courses through UC Berkeley Extension which are equivalent to the classes I've done poorly in (I'm a current UC Berkeley student) versus taking classes at a local community college. What would you suggest?

    Either the Extension or a local community college is fine; there is not a preference per se. However, I do think you should consider timing and take the courses within the year prior to submitting your applications. The idea is you need to demonstrate your ability to succeed in the classroom, so the courses need to be successfully completed close to/around the time when you will be applying to business school.

    www.StacyBlackman.com
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    13y
    jay-z , what's your opinion? Comment below:

    Hello Stacy,

    I am considering retaking an introductory statistics course I got a C- in. It won't replace the grade but I'm confident I can ace the course. What is your opinion of this decision?

    Thanks,

    Jay

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    jay-z:
    I am considering retaking an introductory statistics course I got a C- in. It won't replace the grade but I'm confident I can ace the course. What is your opinion of this decision?

    Retaking a course and receiving an A in it will certainly not hurt you. If you have done well in other quantitative courses, then it might not be necessary. Whether or not you should retake the class is really a determination you need to make in relation to the rest of your transcript and GMAT score.

    www.StacyBlackman.com
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    13y
    bamlnite , what's your opinion? Comment below:

    With regards to your fees, I'm wondering if you've ever considered an option where an applicant pays a base price, and then pays you a bonus if he/she gets accepted to the school. For example, instead of 2500 for an application, they'll pay you 2000 base and 1000 bonus. This would give incentive to both potential applicants to enlist your service as there is a lower entry fee, and it would also give them the satisfaction that you are providing them the best service given the incentive.

    13y
    shcresearcher , what's your opinion? Comment below:

    Stacy,

    I have a direction question for you. I have been wrestling with a few options on what to do when I graduate in May of 2010 in terms of going to graduate school or employment.

    As for my background, I am currently a rising senior at the U. of South Carolina majoring in Finance and accounting with a minor in Econ. I have a 3.65 GPA and am taking the GMAT this summer after intense study. I am the president of the finance club and the president/founder of the econ club. I am involved in several other leadership positions in other clubs and have 4 related internships (state tax, local pwm , SmithBarney, and investment mgmt firm).

    I want to work in research or investment mgmt. After about 3-5 years I want to go to a hopefully a top ten MBA school. So my current options are: 1) Stay longer than 4 years at USC and get the required math courses for a MFE or similar. 2) Skip the math and shoot for just a master of finance. 3) Get a master of accounting. 4) Attempt to get a job with weak OCR in FAS of big 4 or attempt finance career.

    What option do you think will get me into a decent career the quickest and look best on a MBA app.? I am open to any and all other suggestions. Thank you.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    shcresearcher:
    I have a direction question for you. I have been wrestling with a few options on what to do when I graduate in May of 2010 in terms of going to graduate school or employment.

    As for my background, I am currently a rising senior at the U. of South Carolina majoring in Finance and accounting with a minor in Econ. I have a 3.65 GPA and am taking the GMAT this summer after intense study. I am the president of the finance club and the president/founder of the econ club. I am involved in several other leadership positions in other clubs and have 4 related internships (state tax, local pwm , SmithBarney, and investment mgmt firm).

    I want to work in research or investment mgmt. After about 3-5 years I want to go to a hopefully a top ten MBA school. So my current options are: 1) Stay longer than 4 years at USC and get the required math courses for a MFE or similar. 2) Skip the math and shoot for just a master of finance. 3) Get a master of accounting. 4) Attempt to get a job with weak OCR in FAS of big 4 or attempt finance career.

    What option do you think will get me into a decent career the quickest and look best on a MBA app.? I am open to any and all other suggestions. Thank you.

    All 4 options have potential and none will be viewed more favorably than another when you apply to business school in ~5 years. Aside from getting at least a couple of years of professional, full-time work experience, a master's degree in finance or accounting is not going to necessarily strengthen your application, but it certainly won't hurt you. If you feel one of these masters degrees will be helpful for the type of work you want to pursue before business school, then it might be a good option. Likewise, you can apply to graduate school while looking for work over the next few months and then pick from the options available to you. Basically, you need to take the path that interests you the most as that will be the path where you will achieve the most success.
    www.StacyBlackman.com
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    13y
    ssk13809 , what's your opinion? Comment below:

    Hi Stacey,

    One of my biggest goals, if not the biggest, is to go to a Top 5 MBA school. You might find that strange. I realize a MBA should not be the primary focus and our careers/life should dictate if we actually need an MBA . However, for me, the MBA has become the primary focus. You don't have to fully understand me, but just be willing to help.

    My main problem is I go to a non-target school, the University of Washington, that is ranked Top 50. My GPA is around 3.7. I am double majoring in Computer Science (UW is #6 in Nation in CS ) and Math. I'm a Sophmore planning to graduate in 2011.

    So my question is, what kind of work experiences should I aim for after undergraduate to optimize my chances at a Top 5 MBA school? I know it ultimately depends on how well I do at the work, however I was just wondering based solely educational background, which jobs would suit me and optimize my chances at a Top 5 program?

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    ssk13809:

    Hi Stacey,

    One of my biggest goals, if not the biggest, is to go to a Top 5 MBA school. You might find that strange. I realize a MBA should not be the primary focus and our careers/life should dictate if we actually need an MBA . However, for me, the MBA has become the primary focus. You don't have to fully understand me, but just be willing to help.

    My main problem is I go to a non-target school, the University of Washington, that is ranked Top 50. My GPA is around 3.7. I am double majoring in Computer Science (UW is #6 in Nation in CS ) and Math. I'm a Sophmore planning to graduate in 2011.

    So my question is, what kind of work experiences should I aim for after undergraduate to optimize my chances at a Top 5 MBA school? I know it ultimately depends on how well I do at the work, however I was just wondering based solely educational background, which jobs would suit me and optimize my chances at a Top 5 program?

    You need to pursue a career that truly interests you as you will accomplish more if you love your work rather than if you are just doing what you think is the "best choice". There is no preferred industry or type of work, just like there is no preferred list of schools, for business school admissions. With a degree in CS and math, you have plenty of options for your career path. Whatever path you take, just make the most of the opportunities presented to you to gain a breadth and depth of experience. Having accomplishments in your career that you can cite on your resume and in your essays will be the best thing you can to for a competitive application to a top 5 MBA program.

    www.StacyBlackman.com
    • 2
    13y
    kacryawbnraatbs , what's your opinion? Comment below:

    the only way you'll optimize your chances are if you do something you are interested in or passionate about. Chances are if you pursue such a strategy you will do better at your job than if you were doing something just for money, prestige etc. When writing business school applications it will be easier to lay out your story and reasons for wanting to pursue an MBA if you are able to talk about a job you have enjoyed doing. No specific job will give you an added advantage. Business schools seem to have a lot of bankers and consultants from a few select cities in the country which, in my opinion, is not the greatest dynamic for an MBA class. There needs to be more people in fields that actually innovate and produce things of use to society, not a bunch of paper pushers.

    • 1
    13y
    BrownMan , what's your opinion? Comment below:

    Hi Stacy,

    I am wondering if you could provide some clarity. I have recently graduated from a British University with a a high Upper Second Class honours degree (2:1) in Politics. I interned with a top 5 BB bank within their IBD department in my final year and am starting as an analyst within IBD again at a competitor.

    Though I studied higher maths at school, I had no quantitative background at university. I am wondering whether this will be a hindrance when and if I decide to apply to a business school.

    I should state that I am very much comfortable with statistics, calculus etc but feel that my resume might not be able to demonstrate this except through my work experience.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    BrownMan:
    Hi Stacy,

    I am wondering if you could provide some clarity. I have recently graduated from a British University with a a high Upper Second Class honours degree (2:1) in Politics. I interned with a top 5 BB bank within their IBD department in my final year and am starting as an analyst within IBD again at a competitor.

    Though I studied higher maths at school, I had no quantitative background at university. I am wondering whether this will be a hindrance when and if I decide to apply to a business school.

    I should state that I am very much comfortable with statistics, calculus etc but feel that my resume might not be able to demonstrate this except through my work experience.

    Having little quantitative coursework on your transcript will not necessarily be a hindrance, but it depends on how well you do on the GMAT . If you score well on the quant section, then you should not be overly concerned. However, if you do not score well on the quant section, then that will raise a concern on your quantitative aptitude. Of course, having quantitative aspects to your job will serve you well and demonstrate some aptitude. I think you will need to wait and see how your GMAT turns out before you decide whether you need to take further action.
    www.StacyBlackman.com
    • 2
    13y
    JimBeam69 , what's your opinion? Comment below:

    Hello Stacy,

    Im new on WSO and I find this thread very interesting.

    I know this post is loooong but please indulge me,

    Here is my story...

    I am a Nigerian who lives and works in Nigeria..Im considering making an application to Stanford GSB for the MBA programme beginning in 2010, I really need your candid opinion on my chances of gaining admission given my brief profile below.

    Undergrad: University of Ibadan (2.1)Second Class Upper Division Geography

    GMAT : 740(97%) Q:49(88%) V:42(95%) AWA:6.0 (87%)

    Work experience I will have WHEN I BEGIN THE PROGRAMME:

    DURING A YEAR OF COMMUNITY SERVICE IN A REALLY EDUCATIONALLY DISADVANTAGED RURAL COMMUNITY IN MY COUNTRY, I SERVED AS THE FIRST EVER GEOGRAPHY TUTOR TO SECONDARY SCHOOL STUDENTS: NOVEMBER 2007- OCTOBER 2008

    ZENITH BANK PLC (RELATIONSHIP MANAGER): DEC 08- SEPT 09

    KPMG (Business Performance Services): OCT 2009- SEPT 2010

    Total experience will be roughly 32months when I begin assuming my application is successful.

    Extra Curriculars and Teamwork: Im sorta weak in the Extracurricular area and that is my major concern,I really didn't have the opportunity to engage in all the cool extracurricular projects most of my fellow applicants will undoubteldy have been engaged in. Apart from my community service in which I was able to mentor a number of really disadvantaged and very poor children in Northern Nigeria and encourage them to have dreams that extended beyond their local farming community and tofollow these dreams, I was also head of the Village Christian Fellowship (a very culturally diverse group) and spearheaded a number of initiatives such as a successful fund raising to aquire a plot of land in order to build a new church building. At University, I was a member of a number of Faculty associations but not as a leader. I am also a trader (albeit an absolute NOVICE) in the forex spot markets..Legitimately and not just as a last minute window dressing act,I am in the process of setting up an online forum that will have the sole purpose of encouraging individuals to demonstrate Ambition, Determination and Drive and to follow their dreams despite the odds. Apart from these, I don't really have much else.

    For teamwork, I worked in a couple of teams during my undergrad days. At work, I have had a lot of significant responsibilities even though, Ive worked for less than a year. I also won the 'Team Player' award at my Zenith Bank Orientation/Induction course....

    Career Aspirations: Im passionate about the Finance Sector particularly Principal Investing and specifically in Goldman Sachs (Just finished reading a 750 page book on the history of the firm; Almost Everyone around me thinks Ive lost it!)

    PROFESSIONAL QUALIFICATIONS: I will be taking the CFA Level 1 in June next year.

    Finally, for what its worth, I was admitted into the Brand New London Business School Masters in Management Programme beginning Sept 2009. Unfortunately, I had to forefeit this programme because I could not afford to pay the tuition and living expenses despite two scholarships. I won two scholarships, one of which is the prestigious London Business School Annual Fund Scholarship which also automatically which automatically conferred on me the status of member of the elite LBS Masters in Management 'Scholars' Circle' I am able to write my heart out when I really want to. The LBS applcation had 6 BRUTAL essays (plus an Interview conducted by an even more brutal Alumnus)

    Please give me your candid opinion on my chances at Stanford, I really love what Ive read on the website and think I would love to be a part of that great community. Furthermore, they also offer loans to Int. Students without a co-signer (a funding option I sooo require)...

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    COKERDI:
    I am a Nigerian who lives and works in Nigeria..Im considering making an application to Stanford GSB for the MBA programme beginning in 2010, I really need your candid opinion on my chances of gaining admission given my brief profile....

    Based on the information posted on your profile and your admission to LBS , I think your chances at Stanford are good, assuming you submit a strong set of essays, good recommendations and do well in your interview. Scholarships to top MBA programs, like LBS and Stanford, are quite rare and not something you should expect. If you had issues with the cost of LBS after scholarships, you should really determine if you will have the funds necessary to cover Stanford in the event you are admitted. While Stanford might offer loans to international students without a co-signer, they are loans which means you must pay them back when you finish. As long as you feel you will be able to have the funds to attend, then I think you should apply and see what happens. You do have quite a bit to offer, so I hope you can work out your financing and be in business school next August.

    www.StacyBlackman.com
    • 2
    13y
    is-t , what's your opinion? Comment below:

    Hi Stacy, I have a dilemma.

    I graduated in May 2009 and I didn't really know what I wanted to do after my undergrad, so I decided to go into finance because that's what everyone seemed to be applying to. I was lucky to get an IBD job at a BB , but it turns out that the bank overhired and I was one of a handful of people who was transferred to back office roles. I know I should be lucky to have a job in this economy but every day I can feel my brain rotting from the boring work. My question is, do you think I should apply for an MBA now, since this job is getting me no where in terms of my professional goals? Or should I stick it out for the 2 year program, save up some cash, and then apply then?

    Also, I am interested in entrepreneurship, and I was wondering how much value an MBA degree would add; would it be just better to invest the 100k tuition as seed capital?

    Lastly, I don't want to give a typical "what are my chances" question, but how do MBAs look upon nontraditional degrees? I have an engineering degree from a top 10 school with ~3.9 GPA , but I have taken very few business courses.

    Thanks for your help!

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    is-t:
    I graduated in May 2009 and I didn't really know what I wanted to do after my undergrad, so I decided to go into finance because that's what everyone seemed to be applying to. I was lucky to get an IBD job at a BB , but it turns out that the bank overhired and I was one of a handful of people who was transferred to back office roles. I know I should be lucky to have a job in this economy but every day I can feel my brain rotting from the boring work. My question is, do you think I should apply for an MBA now, since this job is getting me no where in terms of my professional goals? Or should I stick it out for the 2 year program, save up some cash, and then apply then?

    Also, I am interested in entrepreneurship, and I was wondering how much value an MBA degree would add; would it be just better to invest the 100k tuition as seed capital?

    Lastly, I don't want to give a typical "what are my chances" question, but how do MBAs look upon nontraditional degrees? I have an engineering degree from a top 10 school with ~3.9 GPA , but I have taken very few business courses.

    These are all good questions, so thanks for posting. First, I can certainly empathize with your job situation and you will need to determine what the best course of action is for you. More business schools are open to admitting folks with less than 2 years of experience if they demonstrate high academic aptitude ( GMAT & GPA ) and evidence of leadership potential, maturity and motivation. Whether or not you want to give it a go to enter in fall 2010 is your call; just be ready to answer the "why now" question in your interview and essays.

    As for your second question, I think it depends on how ready you feel to launch a business based on your current education and experience. To secure financing from investors and/or banks, you will be expected to have a solid business plan. Many business schools do have some great electives in this regard, but there are also some books and resources out there as well. I have never heard an entrepreneur say he/she regrets getting his/her MBA , so there is value there. You just need to figure out if you think you can successfully launch a business with your current level of knowledge.

    Business schools do not prefer applicants with business degrees. They want a broad spectrum of education, experience and backgrounds in their classes. The engineering degree + MBA combo is especially attractive to many industries and quite a nice skill set for many types of jobs out there. Your high GPA in a tough, quantitative and analytical major will be an asset to you in demonstrating your ability to handle the rigors of business school.

    www.StacyBlackman.com
    • 2
    13y
    greatgolfer , what's your opinion? Comment below:

    Hi Stacy,

    I am hoping you can give me some insight into how well regarded the HEC Paris MBA is ( As a bench mark you could compare it to say Oxford or Cambridge )

    I understand that INSEAD and LBS would be considered to be better but then even in the US there are lots of good schools which are not H/W/S ie Columbia,Stern etc.. Would HEC Paris figure in Europe's list of similar, good non H/W/S schools ?

    As background I have a First Class Bachelors in Acc & Fin, completed the CFA Program, worked for 5 years in finance - known names, work ex is decent, broad exposure - lots of good extra curriculars ( debating prizes, active at NGOs ) and sports - national level. GMAT 720.

    Which schools would be stretch/reach ?

    Many thanks

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    greatgolfer:
    Hi Stacy,

    I am hoping you can give me some insight into how well regarded the HEC Paris MBA is ( As a bench mark you could compare it to say Oxford or Cambridge )

    I understand that INSEAD and LBS would be considered to be better but then even in the US there are lots of good schools which are not H/W/S ie Columbia,Stern etc.. Would HEC Paris figure in Europe's list of similar, good non H/W/S schools ?

    HEC Paris is a strong program with a great reputation in the EU. It is also broadening its recognition on a global scale all the time. I think your analogy of LBS /INSEAD being the H/W/S of the EU is a good one and would agree that HEC would then be seen as a good school on par with Stern and Duke. Based on the limited profile you posted, I think you are a competitive candidate for many business schools. I always suggest people consider applying to a mix of schools that are a good match for their career goals. So perhaps look at applying to 1-2 reach and then 1-3 reasonable-to-safety schools?

    www.StacyBlackman.com
    • 2
    13y
    sunnyrollen , what's your opinion? Comment below:

    Hello Stacy,

    First of all, thanks for all your advice so far on this forum. I am a prospective MBA candidate with a technology operations background and I am currently pursuing the CFA charter. My questions for you is: If I want to end up getting into IB/ equity research position post my MBA, will CFA add value to my B-School candidacy? And if so,how would I justify doing an MBA in Finance with a CFA ? Does it sound redundant?

    Please advice.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    sunnyrollen:
    Hello Stacy,

    First of all, thanks for all your advice so far on this forum. I am a prospective MBA candidate with a technology operations background and I am currently pursuing the CFA charter. My questions for you is: If I want to end up getting into IB/ equity research position post my MBA, will CFA add value to my B-School candidacy? And if so,how would I justify doing an MBA in Finance with a CFA ? Does it sound redundant?

    The CFA can add value, how much is debatable, in the admissions process for business school. It helps to demonstrate quantitative aptitude, motivation, and career focus. It is certainly not going to hurt you if you do not have your CFA , but how much it helps will vary.

    The CFA is by no means redundant to the MBA degree, nor are they viewed as equivalent in the finance world. The CFA is a certification for a specialized niche in the finance field earned by passing exams and gaining a set number of years experience in finance. The MBA, on the other hand, is a degree granted from a university that combines a solid business foundation from the core curriculum with the ability to specialize in a discipline, like finance, through elective courses. I encourage you to talk with some managers or managing directors in IB/ equity research to get their opinion on if you need one or both to pursue a career in that field.

    www.StacyBlackman.com
    • 2
    13y
    JimBeam69 , what's your opinion? Comment below:

    Thank you for your feedback Stacy...It was encouraging...I'm aware of the implications of a loan but I think it is a risk I am willing to take (if I can get admitted to a top flight programme like Stanford)..Watching LBS fade away due to finances was heartbreaking..If I get in, I'll do whatever it takes to secure the fundung..

    13y
    mattigator , what's your opinion? Comment below:

    Hi Stacy...thank you for sharing your insight with us. I have been an ardent fan of yours - your website, blogs, podcasts, and articles. I was wondering if you can give me your opinion on my chances of getting into a top 10 business school:

    I recently graduated from a state university with a Bachelors degree in Economics but with a low GPA (below 3-owing to several adverse circumstances) and I have an Associate's degree in Mathematics with a 3.6 GPA ...I was President of Student Government during my freshman and sophomore years and Vice President of my honors society...I have over the past one year been working for a venture lending/venture debt firm (mirrors venture capital firms) in NYC. Prior to that I worked at a middle market investment bank as an M&A intern.

    I'm currently studying for the CFA Level 1 and CAIA Level 1 exams. I blog about cutting edge and disruptive technologies, trends in the VC industry, poverty, sea creatures and emerging economies - my passions.

    I have a very diverse background, as a minority - being born in Japan and raised in five countries and speak four languages. I mentored and tutored inner city high school kids for two years and expect to continue my involvement in other community initiatives.

    I have had a brief conversation with one of your associates when I considered your consulting service - which I intend to make use of. But I have been very scared of my chances of getting in...what is your take? I would really appreciate it. Thanks.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Without knowing more about your background and what schools you are targeting, it is impossible to really comment on your chances. Based on what you did post, you have some quality work experience, albeit for only a year, and some interesting life experiences. You will need a high GMAT to mitigate your GPA , but it appears there is evidence that you can do well in college, so that will help mitigate the cumulative GPA also. Top 10 schools are highly competitive and a reach for most applicants, but anyone has a chance if they present a strong, overall application. I think you need to assess your current profile and what you can do between now and the time you apply to strengthen your profile. That will give you the best chance when you do apply.

    www.StacyBlackman.com
    • 2
    13y
    greatgolfer , what's your opinion? Comment below:

    Hi Stacy,

    Thanks for your reply earlier. I wanted to ask about Exchange Programs. If someone from a good european school attends an EP at a top 3 US school, is there any benefit from a recruiting standpoint ? If given full access to the career service at the top 3 school, will the chances at getting a good job ( US or any location ) be significantly increased ? Or is it that recruiters will discount the EP and look at the parent institution ( which might be lesser known ) ?

    Thanks

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    greatgolfer:
    Thanks for your reply earlier. I wanted to ask about Exchange Programs. If someone from a good european school attends an EP at a top 3 US school, is there any benefit from a recruiting standpoint ? If given full access to the career service at the top 3 school, will the chances at getting a good job ( US or any location ) be significantly increased ? Or is it that recruiters will discount the EP and look at the parent institution ( which might be lesser known ) ? Thanks

    The likelihood someone on an exchange program would be given the same access to the career center is small. Even if the exchange students are given access, the recruiters will still be looking at the parent institution as it will reflect that on your resume as the degree-granting institution. However, you can still take advantage of the resources and network of the exchange institution while there if you put in the effort.

    www.StacyBlackman.com
    • 2
    13y
    kraken , what's your opinion? Comment below:

    Hi Stacy, thanks a lot for you help.

    I wanted to know what kind of bschool a student that was a VERY low starter in college (Engineering 6yrs program turned to 9 or 10) and had several(lots of) courses failed in a top (regional) but third world university. Even if he managed to graduate with good grades(i think he managed to graduate with 1st class honors, not sure about that) and has been a teacher's assistant and also a research assistant for respectable but young and unknown professor (top 10 Ph.D in finance).

    The student himself had a Big4 CF internship in 2008 and got a FT offer. He also is managing several job offers from local boutique i-banks. I don't know if those are for FO tho.

    As far as I know his coworkers had good degrees (MBA/ MSF /Ph.D from top european bschools, think ESADE, LBS etc..)so he could get rec. letters from them.

    He had also limited ECs in school due to the fact he was a father and had a part-time job. He has very good social and leadership skills, but you can tell he's a bit unsecure due to his college record. And well he 's a bit old ~28 or so. He was the best student in most finance related courses in college (aparently the job interviews had gone very well until they realize he is older than and start asking questions, he looks very young, i mean like 19y or 20y so ppl don't realize he's old easily).

    Thanks a lot for your help.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    kraken:
    I wanted to know what kind of bschool a student that was a VERY low starter in college (Engineering 6yrs program turned to 9 or 10) and had several(lots of) courses failed in a top (regional) but third world university. Even if he managed to graduate with good grades(i think he managed to graduate with 1st class honors, not sure about that) and has been a teacher's assistant and also a research assistant for respectable but young and unknown professor (top 10 Ph.D in finance).

    The student himself had a Big4 CF internship in 2008 and got a FT offer. He also is managing several job offers from local boutique i-banks. I don't know if those are for FO tho.

    As far as I know his coworkers had good degrees (MBA/ MSF /Ph.D from top european bschools, think ESADE, LBS etc..)so he could get rec. letters from them.

    He had also limited ECs in school due to the fact he was a father and had a part-time job. He has very good social and leadership skills, but you can tell he's a bit unsecure due to his college record. And well he 's a bit old ~28 or so. He was the best student in most finance related courses in college (aparently the job interviews had gone very well until they realize he is older than and start asking questions, he looks very young, i mean like 19y or 20y so ppl don't realize he's old easily).

    Many folks matriculate every fall into MBA programs, including top 20, with a nontraditional path to their undergraduate degree. Taking longer due to personal circumstances is not a negative; what matters is how the person grew and matured along the way. Just like any other applicant, his transcript will be scrutinized for performance in college and his work experience will be evaluated to determine if he has gained breadth/depth in his career. Basically, he should not let the nontraditional path to his degree derail him from his career aspirations.

    www.StacyBlackman.com
    • 2
    13y
    Hyped31 , what's your opinion? Comment below:

    Hi Stacy,

    Thank you for this opportunity. I just wanted to see how real of a shot I would have at either HBS , Stanford, or Columbia.

    I just graduated from a state school with a double major in Finance and Ecomonics, with a 3.75 gpa. My GMAT score is a 730 49 Q and 45 V 5 W

    My EC's were very business oriented but I held leadership positions in all of them. I worked on campus outside of the business aspect. I have no experience with community service or that type of stuff and have not really found a passion that I would pursue there, but I feel like I have heard that is needed.

    I just started working at a BB bank within wealth management, and have begun pursuit of my CFA .

    Will I really stand out from the tons of finance workers that apply to b school ? (I will add I am a white american male but have no idea whether that would matter) Also, is there any benefit to me applying sooner i.e. 2 years into worklife versus later 4-5 years into worklife

    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear Hyped31,

    You have the academic numbers ( GPA & GMAT ) to be competitive at HBS , Stanford and Columbia. Since decisions are made on more than those numbers, your essays, recommendations, resume and interviews are critical to the process. You will need to show progression in your career, gaining breadth/depth of experience, and evidence of leadership potential. On the surface, you will look similar to other applicants with finance experience. Thus you will want to use experiences from outside of work to distinguish yourself. This is where community work or significant interests/hobbies are helpful. Find something (or a few things) in the next few months that you can get involved with.

    As for when you apply, it is when you are ready. There is not an advantage to waiting until you have 4-5 years experience unless you will gain some quality work experience to strengthen your profile. If you feel you are ready after 2 years with a solid rationale for going to business school, then you should apply after 2 years. Remember, your GMAT score is only good for 5 years, so you will want to apply within that timeline to use your 730.

    www.StacyBlackman.com
    • 2
    13y
    mattigator , what's your opinion? Comment below:

    thanks for your earlier advice Stacy...I was wondering what your opinion is on JD/ MBA prog at UPenn/Wharton, and at Northwestern and the January late start MBA at Columbia...thanx

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    mattigator:
    thanks for your earlier advice Stacy...I was wondering what your opinion is on JD/ MBA prog at UPenn/Wharton, and at Northwestern and the January late start MBA at Columbia...thanx

    The JD/ MBA programs at both Penn and Northwestern are top notch, probably some of the best in the country. As for the January entry program at Columbia, is there a particular question you have on it? The only difference between the January entry and the fall entry is the folks entering in January forgo a summer internship ; all else is the same in terms of curriculum, resources and programs.

    www.StacyBlackman.com
    • 1
    13y
    greatgolfer , what's your opinion? Comment below:

    Hi Stacy,

    Further to your reply earlier, I checked with the concerned schools about exchange students getting full acccess to the career service. Each school came back saying that exchange students do in fact get as much access as regular students.

    Now, I understand that the CV of an exchange student will not be in a CV book but will getting full access as described above be beneficial enough for recruiting. I'm trying to assess if being in a CV book is the most important part or is there something else as well.

    You mentioned that one could take advantage of the network and resources of the exchange school. In your opinion will alumni be responsive towards someone on an exchange viz-a-viz regular students ?

    Thanks

    • 1
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    In my opinion, being in the resume book is one small part of the services available from the career centers. I would say other services and access will outweigh being in the resume book. As for alumni responsiveness, you will find variance for any school for any type of student so it is hard to comment here. I think you will find most alumni are willing to speak with current students at their schools and do not think they will treat exchange students differently.

    www.StacyBlackman.com
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Generally speaking, both Oxford and HEC Paris are solid programs with strong reputations in the EU. HEC tends to get a little more publicity, but I would not say that is particularly meaningful. Whether or not one is a better match for you depends on your assessment of how well each satisfies what you seek in a program. Since you desire to pursue asset management , you will want to ensure the curriculum and industry connections are there. Likewise, you will want to evaluate the other programs and resources available. Finally, if you can visit both, it might be worthwhile for you so you can gain a solid understanding of what it would be like to attend either program.

    www.StacyBlackman.com
    • 1
    13y
    greatgolfer , what's your opinion? Comment below:

    Hi Stacy,

    Can I request you to make an objective comparison between the Oxford and HEC Paris MBA Programs. Is there a reasonable gap either way or is it negligible ? Broadly I would like to remain in the Finance sector post MBA ( Asset Mangement would be tops ).

    I deeply appreciate your views.

    Thanks

    13y
    qwertykeyboard , what's your opinion? Comment below:

    Stacy,

    I scored a 750 on the GMAT (Q47, V47). In terms of nominal score, I look pretty even, but unfortunately a 47 on quant these days only amounts to 79th percentile.

    Will this be a hindrance to me for HSW?

    Let's assume for the sake of simplicity that I have done top-tier investment banking out of undergrad (top target) and private equity / venture capital immediately afterwards. SAT math was perfect 800.

    Is this sufficient to demonstrate quantitative ability?

    • 1
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    qwertykeyboard:
    Stacy,

    I scored a 750 on the GMAT (Q47, V47). In terms of nominal score, I look pretty even, but unfortunately a 47 on quant these days only amounts to 79th percentile.

    Will this be a hindrance to me for HSW?

    Let's assume for the sake of simplicity that I have done top-tier investment banking out of undergrad (top target) and private equity / venture capital immediately afterwards. SAT math was perfect 800.

    Is this sufficient to demonstrate quantitative ability?

    Congratulations on your GMAT score! A 47 on the quantitative section is a strong score and sufficiently demonstrates your aptitude. Your work experience will also demonstrate your analytical ability. I do not think you need to worry about your GMAT score at all. Good luck on your applications!

    www.StacyBlackman.com
    • 2
    13y
    Lee , what's your opinion? Comment below:

    Hi Stacy,

    Thanks for all your answers here.

    13y
    craigmcdermott , what's your opinion? Comment below:

    I am wondering what my chances at a top 15 MBA program are coming out of a 2 or 3 year rotational FLDP program at a Fortune 500 company. I have ~3.5 GPA from a top 50 school and a 710 GMAT . Assuming great essays and some solid leadership positions in a variety of activities, how does my profile stack up? I'm mostly worried about the work experience and GMAT score. I can work on the GMAT but am unsure as to how Ad Coms view the FLDP programs.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    craigmcdermott:
    I am wondering what my chances at a top 15 MBA program are coming out of a 2 or 3 year rotational FLDP program at a Fortune 500 company. I have ~3.5 GPA from a top 50 school and a 710 GMAT . Assuming great essays and some solid leadership positions in a variety of activities, how does my profile stack up? I'm mostly worried about the work experience and GMAT score. I can work on the GMAT but am unsure as to how Ad Coms view the FLDP programs.

    In my opinion, you have a competitive profile for a top 15 school with your current profile. FLDP programs are generally viewed favorably as they are highly selective. What matters most will be the quality of the experience you have gained during the FLDP--what are your accomplishments, contributions, impact, results? Your GMAT score is competitive and right around the average for a top 15. A higher score will not hurt, but you are in a good position with a 710.

    www.StacyBlackman.com
    • 2
    13y
    redsox890 , what's your opinion? Comment below:

    Hi Stacy,

    May I please have an objective evaluation based on my profile below?

    Age: 26

    College: University of Southern California Graduated 2005 Major: Biomedical Engineering GPA : 2.93

    Grad School: University of Southern California Graduated 2007 Major: Engineering Management GPA : 3.27 * I took this right after college mainly to address low undergrad GPA and also to be on the fast track within the medical device industry, not for a career-changer like MBA .

    Grad School: Johns Hopkins University Expected Graduation Date: Unknown Major: Biotechnology GPA : 3.7 * Took this to prepare for a potential career in biotechnology equity research

    GMAT : 670

    Work:

    2007-Present (will have 3.5 years of work experience by start of MBA program in Fall 2010) Process Engineer for a Top 5 Pharmaceutical Company Handled increasing responsibilities including project manager for couple projects that gave me a good view of how the business works in healthcare

    Strengths:

    Quantitative skills, project management, technical writing, passion for biotechnology

    Career Goals:

    Interested in pursuing a post-MBA job in finance, particularly in biotech equity research , then leverage that experience to join a venture capital firm specializing in stem cell gene therapy

    What I hope to get out of MBA:

    Finance training, soft skills, and the cross-functional mentality for both science and business

    Leadership:

    2007-Present: served in the Fundraiser position for Stanford's School of Medicine under the Associate Director of Development, on behalf of stem cell research scientist at the same school; gave presentations (oral and written) to potential donors and coordinated speaking engagements with the scientist -Have gone around the world to assist as a Medical Missionary -Involved with youth basketball league as a coach

    Questions:

    • Based on my short profile, I know the chances are slim but are Stanford, MIT, Wharton, and NYU worth a shot? If so, in what order?
    • I'm currently enrolled in Johns Hopkins' part-time online program which can be completed anytime, anywhere. I most likely won't finish before I start my full-time studies at an MBA school in fall of 2010. How should I explain my situation?
    1. Not mention it at all. (But I think this is a good thing to mention, because it shows I can balance work and school)
    2. Explain that I'll somehow finish by the start of MBA . (even though I won't)
    3. Explain that I'll delay until finish the MBA .
    4. Explain that I'll take it concurrently with MBA (1 class maximum per semester), even though this might be overkill.

    * I can also explain that I can treat my unique situation as a dual-degree program.

    Your help is highly appreciated.

    Thanks!

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    You might have a chance at getting in to any of your target schools with a strong, overall application. I would say your chances are about the same at all of them. I would encourage you to look at adding 1-2 schools outside the top 10 as well. Many of these programs will provide what you seek and a great education. The main hurdle for you to jump will be your rationale for getting your MBA in relation to your past experience/education and future career goals. Why is another degree necessary and why an MBA? How does the MBA help you achieve your career goals? As for your current degree program, you should disclose it and have a plan for how and when you will complete it. Honesty is always the best policy, so tell them what your plan is.

    www.StacyBlackman.com
    • 1
    13y
    greatgolfer , what's your opinion? Comment below:

    Hi Stacy,

    May I please ask for your help on an urgent issue. As you know from my earlier posts to you, I've got an admit for the HEC MBA . Some friends on that program say that the career service isn't very good and you're on your own for recruiting. Also, they say for working in France you need to speak fluent french ( which I don't ) and also that HEC is more of a Marketing/Industry School and isn't really known for Finance. All this is a bit worrying for me since I have zero network of my own currently in Europe ( I'm Asian )

    I'm hoping you have some info to share on the school. I've called up the career service and they paint a very different picture. However, I've got my info about the career service from several current/ past students on the program.

    I spoke with some finance recruiters in London and they seem to speak well about the school. I am totally confused, because on the one hand I have people generally speaking well about the program & school and on the other I have current students who say the complete opposite in terms of recruitment.

    I've been through almost every forum on the net and the view seems to be more toward what the students have to say i.e not the best CS , not known for finance.

    Linkedin dosen't throw up any info either-like almost none. HEC isn't known in my home country and so returning home from an unknown school isn't a great option either.

    What do you suggest I do to get more information to decide ?

    Please help.

    Thanks

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    The reality of career services at any school is that the career services office is a facilitator and a resource for you. The career services office is not there to "place" you in a job or act as a headhunter for the students. The office serves to market the school to different recruiters to encourage interest in its students from a holistic perspective, not interest in individual students. Additionally, the office provides assistance to students on parts of the job search process like writing a resume/cover letter, preparing for interviews, helping formulate a job search strategy, and providing warm contacts at companies where the school has a relationship. The office cannot interview for you nor negotiate a job on your behalf; thus your career search is ultimately your responsibility no matter where you go to business school.

    There is validity to your concern on what HEC is known for and whether the connections are there with your desired post-MBA industry. It sounds like the school is known with finance firms in London, so it may just mean you need to do more of the legwork. Not all companies have the resources to physically go to different school campuses anymore. Often, companies utilize avenues like posting jobs through the career services office, looking through the school's resume book, and/or leveraging relationships with current students through clubs.

    Regardless of what you decide, it is best to make your job search plans encompass many activities, both on-campus and on your own. HEC has an alumni network and a strong reputation--leverage both to your advantage to make your own contacts at the firms you would like to work for and pursue your job opportunities through networking. I think you will find those efforts will pay off much more than waiting for a company to come to campus or sitting at a computer surfing websites.

    www.StacyBlackman.com
    • 2
    13y
    sunnyrollen , what's your opinion? Comment below:

    Stacy,

    I am a working professional (5-6 yrs out of grad school) and I am planning on getting into an MBA program in Fall'11. The primary reason for me to get an MBA is that I want to switch career from Technology & Operations to Mgmt. & Strategy Consulting or Financial Advisory, not sure yet.

    I am considering both full-time and part-time options and would like to get your opinion on the suitability of a part-time program in my case. I know NYU, Chicago Booth and a few others have top notch part-time programs in my area of interest(s), but I am not sure how great are the employment prospects after completing those programs, especially for a career switcher like me. Moroever, on a general basis, do employers prefer one type of candidate over the other, considering that the candidate has minimal experience in opted career field, before joining business school?

    Any advice would be much appreciated.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Generally speaking, if you are looking to make a significant career change, then a full-time program is the better option. Based on your post, you are looking to make a significant change. It is difficult for IT professionals to transition to a different functional area in a company, even with a graduate degree, if they have never left the IT job. Doing a full-time program will not only give you a break on your resume, but you will have the opportunity to get an internship in your desired career and redirect your resume. Likewise, the full-time program will give you more flexibility and time to devote to your job search. While it is not impossible to make a significant change from a part-time MBA program, it is more difficult than from a full-time program.

    www.StacyBlackman.com
    • 1
    13y
    sunnyrollen , what's your opinion? Comment below:

    Thank you Stacy. I have one last question- Considering that I have been to a decent grad school and have a perfect GPA during my Masters vs. a mediocre GPA -under 3.0 during my undergrad, I would like to know if schools even consider academic performance @ grad school while making admission decisions?

    • 1
    13y
    srr636 , what's your opinion? Comment below:

    Stacy -

    I'm starting to think about business school apps but am not sure if I'll be a competitive applicant. I've been a i-banking analyst for the past 17 months @ J.P. Morgan but am thinking pretty seriously about switching into J.P. Morgan 's HR practice for the next 18 months or so - I am just ready for a change and want to do something more strategic.

    My GMAT is very strong (740) but my undergraduate GPA is pretty weak (3.4 from Northwestern).

    My argument for why bschool will likely be that I wanted to move away from banking and into something that was more strategic and that while the move to partially fulfilled that desire, it's still not exactly what I want.

    In any case, just trying to determine if a move into JPM HR will hurt my chances at a top 10 bschool. Was hoping for (ideally) HBS but would be happy with Columbia, Tuck, Kellogg, Booth etc.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Your GMAT and GPA are both strong and will be assets in your business school applications. As for your career change, I think you need to determine if the move to HR makes sense for your overall career plan. You note you want to be more strategic, but strategic in what way? Will the move to the HR practice give you experience that will be an asset for your future career path? As long as you have a solid rationale for why you moved to the HR practice and will gain some experience/skills that will be helpful to you going forward, then the move will not "hurt" your chances at any school.

    www.StacyBlackman.com
    • 1
    13y
    eightyeight , what's your opinion? Comment below:

    Hi Stacy,

    I will be graduating with a M.S. in engineering this December and have just accepted an offer with a Tier 2 consulting firm. My goal, in 2-3 years is to apply to a top 10 business school so I can get a job with a strategy firm or within business development at a corporation. My question deals with external organizations and activities outside of the workplace. I have my eye set on 2 well known junior boards in a large city. However, I am worried that even having leadership and a number of accomplishment while on one of these boards won't be "unique" enough for the admission committees. I have also been toying with the idea of starting a non-profit. I have developed a business plan for the organization in a course I took and it will be fairly easy and inexpensive to launch. I was wondering what your opinion was on which activities I should pursue when I graduate...a junior board, starting the non-profit...or both?

    I know that GMAT scores, excellent performance at work and GPA also play big parts in admissions. I asked the above questions because my undergrad GPA is low 3.0 (my grad degree is competitive 3.7) and I know I will need as much material as possible to mitigate it.

    Thanks!

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Extracurricular activities are important and are a way for business school applicants to demonstrate leadership and others skills they might not have an opportunity to demonstrate in the workplace. However, there is no activity that is preferred or looks better than another. You should pursue the activities that are of most interest to you, where you will be committed and where you will have an opportunity to make an impact. Keep in mind, that you will have the demands of your new job, which should take precedence, as doing well in your job and having solid accomplishments in the workplace, in addition to a solid GMAT score, will mitigate your GPA more than extracurricular activities. Pursue the activity, or activities, that you feel you have the time to do well and that are of most interest to you--all are good options from my perspective.

    www.StacyBlackman.com
    • 2
    13y
    Bryant24 , what's your opinion? Comment below:

    Hey Stacy -- want to get your perspectives on my chances at a top b-school. My ideal schools are H/S/W, MIT and Columbia

    Personal Background:

    • Kenyan (came to the States from a brief schooling stint in London when i was about 12 years old)
    • Varsity D-1 Athlete (Soccer)
    • Ivy Undergrad
    • Psychology Major
    • 3.0 GPA
    • 730 GMAT
    • Really involved in extracurricular activities in undergrad (including being head of several organizations)
    • Currently pursuing the CFA and CAIA
    • 1.5 years work experience thus far working as an analyst at a long/short hedge fund in NYC
    • Volunteer extensively at a food shelter in New Jersey and in a mentoring role at Big Brothers Big Sisters.

    I am looking to apply next year or the year after (2011). So I will have either 3 or 4 years full time experience at matriculation.

    Assuming I make some progress with the CFA and take an additional 2 or 3 classes in business-school type classes at Columbia or NYU at night, what are my chances at getting into H/S/W/, MIT or Columbia? Would they be improved by waiting an extra year and applying in 2011?

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    Bryant24:
    Hey Stacy -- want to get your perspectives on my chances at a top b-school. My ideal schools are H/S/W, MIT and Columbia

    Personal Background:

    • Kenyan (came to the States from a brief schooling stint in London when i was about 12 years old)
    • Varsity D-1 Athlete (Soccer)
    • Ivy Undergrad
    • Psychology Major
    • 3.0 GPA
    • 730 GMAT
    • Really involved in extracurricular activities in undergrad (including being head of several organizations)
    • Currently pursuing the CFA and CAIA
    • 1.5 years work experience thus far working as an analyst at a long/short hedge fund in NYC
    • Volunteer extensively at a food shelter in New Jersey and in a mentoring role at Big Brothers Big Sisters.

    I am looking to apply next year or the year after (2011). So I will have either 3 or 4 years full time experience at matriculation.

    Assuming I make some progress with the CFA and take an additional 2 or 3 classes in business-school type classes at Columbia or NYU at night, what are my chances at getting into H/S/W/, MIT or Columbia? Would they be improved by waiting an extra year and applying in 2011?

    You have a solid foundation for a competitive application to your target schools based on your post. Whether to apply in 2010 or 2011 depends on you and when you feel you are ready to go. If you are ready to enter in fall 2011, then apply in 2010. If you believe you will gain some quality work experience, as in an opportunity to broaden/deepen your industry and functional knowledge, then it might be worth waiting. To wait a year just to have another year for quantity's sake is not worth waiting for, in my opinion.

    www.StacyBlackman.com
    • 2
    13y
    ChiTex , what's your opinion? Comment below:

    Hi Stacy could you give me some advice please.

    I am a senior at a top 20 U.S. university majoring in economics and have a 4.0 GPA . I will be working at BB IB next year. I recently took the GMAT and scored a 710 45Q (74%), 42V (95%). If my goal is H/W/Chicago/Kellogg after 2-3 years of working do you think I should spend the time to study to try to raise the quant score, or do you think my grades in quantitative classes (all As in accounting, econometrics, stats, etc) are enough to compensate for the lower quant score?

    Thank you.

    • 1
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    ChiTex:
    Hi Stacy could you give me some advice please.

    I am a senior at a top 20 U.S. university majoring in economics and have a 4.0 GPA . I will be working at BB IB next year. I recently took the GMAT and scored a 710 45Q (74%), 42V (95%). If my goal is H/W/Chicago/Kellogg after 2-3 years of working do you think I should spend the time to study to try to raise the quant score, or do you think my grades in quantitative classes (all As in accounting, econometrics , stats, etc) are enough to compensate for the lower quant score?

    Thank you.

    Congratulations on your GMAT score! Your quant score is not low, and when combined with your performance in your undergraduate coursework, the admissions committees should not have any concerns on your quantitative ability. You can certainly retake the GMAT as a higher score will not hurt you, but I'm not convinced it is necessary. What will be important, however, is the quality of work experience you gain between now and the time you apply to business school.

    www.StacyBlackman.com
    • 2
    13y
    veritas14 , what's your opinion? Comment below:

    Looking for some insight on my timeline:

    Stacy,

    I am a '08 HYP grad poli-sci 3.5 GPA 700 GMAT College D-1 (Ivy at least) athlete some casual volunteerism

    Current work experience:

    Working for a large global insurance company doing financial risk management. Completed the corporate "leadership rotational program" and received 1 promotion.

    Looking to do IB after MBA , so the usual suspects would be my target schools.

    Is it too soon to apply to b-school? is 2-3 years of work experience enough?

    ********************************* “The American father is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher.” - Oscar Wilde
    • 1
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    veritas14:
    Looking for some insight on my timeline:

    Stacy,

    I am a '08 HYP grad poli-sci 3.5 GPA 700 GMAT College D-1 (Ivy at least) athlete some casual volunteerism

    Current work experience:

    Working for a large global insurance company doing financial risk management. Completed the corporate "leadership rotational program" and received 1 promotion.

    Looking to do IB after MBA , so the usual suspects would be my target schools.

    Is it too soon to apply to b-school? is 2-3 years of work experience enough?

    If you feel you are ready for business school, then it is time. Only you can decide if you are ready based on knowing what you want to do post-MBA and if you have reaching a crossroads in your current career path. Most business school prefer applicants to have at least two years of experience by the time they enter business school. So, if you are at 2-3 years, then you are right in the mix with a large number of business school applicants as over half apply with between 2-7 years. Recently, the number of years of experience is starting to trend down slightly with some schools now seeing their average years of experience at 4 years instead of 5 years.

    www.StacyBlackman.com
    • 2
    13y
    hapfuehpfhe , what's your opinion? Comment below:

    Hi Stacy, I am planning on building an alternative transcript at a community college to make up for poor grades during my undergraduate years. Does it matter if I take the courses online or should I take them on campus? Thanks in advance.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    egg mcmuffin:
    Hi Stacy, I am planning on building an alternative transcript at a community college to make up for poor grades during my undergraduate years. Does it matter if I take the courses online or should I take them on campus? Thanks in advance.

    Most business schools are indifferent about whether you take the community college courses online or on-campus these days. Online courses are so prevalent in the undergraduate space. What matters most is that you do well. I think you should pick whichever mode of delivery works best for your schedule and your preference.

    www.StacyBlackman.com
    • 1
    13y
    prnz , what's your opinion? Comment below:

    Stacy,

    I'm wondering your thoughts on which schools I should target. I have worked in the advisory/valuations practice at one of the Big Four accounting firms for nearly three years. I know that this position isn't a good long term fit for me and feel that to transition into "real finance" I will need an MBA . A lot of the partners at my firm have degrees from Chicago (sadly not the one I work under). Additionally I know that my firm has a relationship with Wharton.

    I haven't taken the GMATs yet. My GPA was a 3.50 (more like a 3.75+ if you ignore freshman year).

    Given all this, what schools are realistic targets? Geographically I would like to be either in Chicago or on the east coast. My top picks personally are Chicago, Wharton, and Stern/Columbia/Sloan. I currently specialize in real estate, if that matters, so I would also be partial to Haas. (I know that Wharton and Columbia have well regarded RE programs as well.. not sure whether my specializing in RE gives me an edge.) Do you think these picks are realistic?

    Additionally, I feel like I'm sort of an "average" candidate, even though from an objective perspective I've done well professionally and academically. What advice do you have to someone on differentiating one's application and building one's narrative when my background, to me, doesn't seem so attention grabbing?

    Your advice is much appreciated.

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear prnz,

    Without knowing more details about your background and your GMAT score, it is quite difficult to comment on what schools are realistic targets for you. Your GPA is competitive for any school. Likewise, you appear to have some solid work experience. It will be key to show you have progressed in your career, gaining a depth of experience in your field. It is also important to show that you have been active outside of the office in either the community or other extracurricular activities. In terms of school selection, it is imperative you identify schools you feel are the best match for your career goals with regards to curriculum, resources, and industry connections. Thus if you know you plan to continue your career in real estate, then you will want to target schools that have a real estate focus.

    I encourage you to continue doing some research on the MBA application process, careers and schools. It will be helpful to you as you start to build your applications and develop your target school list.

    Good luck!

    www.StacyBlackman.com
    • 2
    13y
    diablo2man , what's your opinion? Comment below:

    Hi Stacy,

    I am in tech position in a top IB at NYC . . I'm thinking to apply for MBA and jump to FO IB in Asia. So suppose I have these background:

    Work: Tech Associate, Small team leading experience, good RL from supervisor Education: non-us undergrad, top engineering school master, good gpa (>3.7), high GMAT (>760)

    Is it possible to get into top 5 b-school like Columbia or Wharton? How about top 15 like Yale?

    I actually have a lot of useful experiences for b-school application in my undergrad such as leadership and entrepreneurship. But I don't know if it matters for MBA application because I already have 3+ ft working experiences.

    Thanks.

    13y
    Stacy_Blackman , what's your opinion? Comment below:
    diablo2man:
    I am in tech position in a top IB at NYC . . I'm thinking to apply for MBA and jump to FO IB in Asia. So suppose I have these background:

    Work: Tech Associate, Small team leading experience, good RL from supervisor Education: non-us undergrad, top engineering school master, good gpa (>3.7), high GMAT (>760)

    Is it possible to get into top 5 b-school like Columbia or Wharton? How about top 15 like Yale?

    I actually have a lot of useful experiences for b-school application in my undergrad such as leadership and entrepreneurship. But I don't know if it matters for MBA application because I already have 3+ ft working experiences.

    All of these aspects of your background matter in your evaluation as an applicant for an MBA program. You are evaluated holistically and not one component is weighted heavier than another. Your GMAT and GPA are high, so that is competitive for any school. You have enough experience from a quantity perspective, but the question is more around the quality of your experience. In other words, during your 3+ years at the bank, what have you done? Have you progressed during that time? Have you gained a breadth/depth of experience? Have you been given more responsibility? Do you have some tangible examples you can write about in your essays of your leadership and teamwork experiences? Additionally, what have you been doing with your time outside of the office? It is important to have extracurricular activities like community work or social organizations that you can include in your application. These activities also serve as another way to highlight your skills that you might not get a chance to use as much in the workplace if you are early in your career like leadership and project management. Finally, it is important to have a mix of schools that you apply to for business school as a means of hedging risk, if you will. Top 10 schools are highly selective and are not a guarantee for any profile, so it is prudent for any applicant to also apply to a few schools outside the top 10 as well.

    www.StacyBlackman.com
    • 2
    13y
    Lookingforinfo , what's your opinion? Comment below:

    Hi Stacy:

    I am graduating from college and my goal is to get into managing assets at a top firm. However, I don't think I will be able to do that right out of undergrad.

    Right now I have an offer from one of the top financial institutions to work on the operations side of their AM division. Total back office gig. I also have an offer from a highly quantitatively focused small-mid sized consulting firm. Not a big name, but seems like they are doing very well and I would get client contact almost immediately.

    Which work experience would give me the best chance of getting into a top MBA program? My GPA is excellent and I'm highly confident about the GMATS.

    Also, do you think I could transition into the front office of AM post-mba with a background in operations or quantitative consulting?

    Thanks very much, and I appreciate any insight you have to offer!

    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    Lookingforinfo:
    Hi Stacy:

    I am graduating from college and my goal is to get into managing assets at a top firm. However, I don't think I will be able to do that right out of undergrad.

    Right now I have an offer from one of the top financial institutions to work on the operations side of their AM division. Total back office gig. I also have an offer from a highly quantitatively focused small-mid sized consulting firm. Not a big name, but seems like they are doing very well and I would get client contact almost immediately.

    Which work experience would give me the best chance of getting into a top MBA program? My GPA is excellent and I'm highly confident about the GMATS.

    Also, do you think I could transition into the front office of AM post-mba with a background in operations or quantitative consulting?

    Thanks very much, and I appreciate any insight you have to offer!

    What matters most is what you do in your career tenure--the quality of your work experience--prior to applying to business school. Thus there is not a preferred type of work experience for MBA programs in terms of industry or function. Both opportunities sound like great options for you as they are relevant to your future career goals. I think you need to pick the opportunity that interests you the most and where you feel you will have the best opportunity for progression. You will excel in a job where you are highly interested in what you are doing, believe in the company, and have a great manager(s). If one of these opportunities seems to stand out more in this regard, then that might be the one to seriously consider.

    www.StacyBlackman.com
    • 2
    13y
    BlueHorseShoe , what's your opinion? Comment below:

    Hi Stacy, I would be most grateful for any guidance that you may be able to provide regarding my situation.

    Profile: GMAT : 740 (49Q, 42V) GPA : 3.8 (Magna cum laude) Majors: Finance, Accounting School: ~50-75 Ranked midsized state school

    At time of business school application, I will have had 3 years of experience at Deloitte Consulting in the Strategy and Operations group. While I recognize that Deloitte doesn't have the same brand cachet that MBB and the elite boutique consulting firms carry , I still think that it is a valuable experience. I have had solid performance reviews and believe I can show significant (if not absolutely amazing) responsibility, success and promotion.

    Additionally, I have had several extracurricular activities that I have been involved with since shortly after graduating (non-profit foundation work, volunteer in youth sports activities).

    I would be curious to hear your thoughts regarding my candidacy at the following schools: H/S/W, Booth, Columbia, MIT & Northwestern. I would additionally consider UVA, Yale and Tuck. Are some of these schools represent the impossible or safeties, or somewhere in between.

    Thanks!

    "I'm not sure what the four 9's do, but the ace, I think, is pretty high."
    • 2
    13y
    Stacy_Blackman , what's your opinion? Comment below:
    BlueHorseShoe:
    Hi Stacy, I would be most grateful for any guidance that you may be able to provide regarding my situation.

    Profile: GMAT : 740 (49Q, 42V) GPA : 3.8 (Magna cum laude) Majors: Finance, Accounting School: ~50-75 Ranked midsized state school

    At time of business school application, I will have had 3 years of experience at Deloitte Consulting in the Strategy and Operations group. While I recognize that Deloitte doesn't have the same brand cachet that MBB and the elite boutique consulting firms carry , I still think that it is a valuable experience. I have had solid performance reviews and believe I can show significant (if not absolutely amazing) responsibility, success and promotion.

    Additionally, I have had several extracurricular activities that I have been involved with since shortly after graduating (non-profit foundation work, volunteer in youth sports activities).

    I would be curious to hear your thoughts regarding my candidacy at the following schools: H/S/W, Booth, Columbia, MIT & Northwestern. I would additionally consider UVA, Yale and Tuck. Are some of these schools represent the impossible or safeties, or somewhere in between.

    Thanks!

    I think you have the foundation for a competitive application at any MBA program based on the information in your post. Since decisions are made on more than a profile, your essays, recommendations and interviews will be critical to the ultimate decisions though. In my opinion, the regular top 10 schools are never a guarantee for any profile, but you certainly have a chance at any of those schools that are a good match for your rationale to do an MBA . UVA, Yale and Tuck would be schools where your chances are more reasonable, but definitely not safety schools as their applicant pools are still large and competitive. Good luck!
    www.StacyBlackman.com
    • 2
    13y
    ke18sb , what's your opinion? Comment below:

    Hey Stacy,

    Thanks for taking the time to answer everyone's questions on this forum. I have two questions, one that relates to my story as a whole and one that relates to my future application timeline. About my story. I graduated from a top three state school with a relatively low GPA , 3.1. After taking a "year off" to work in the finance department of a ski resort, I secured a position at a regional investment bank , although it technically operated as a merchant bank as we participated in many of our own transactions. Due to the structure, I was gained traditional ibanking experience as well as a private equity experience. I worked there for 4 years, 2 as an analyst and 2 as an associate. Last year, due to terrible market conditions, I decided to move on and get some life experience. I joined the Peace Corps as a small business development volunteer. Currently, I'm trying to determine if I want to go back to Bschool. Due to the astronomical costs I only want to go if I can get into a top program. Programs that I'm interested in are UCLA, Cal, Columbia, NYU, Duke, Texas, Stanford, UPenn, Dartmouth, and LBS. My application essays would probably be something along the lines of how I want to pair finance and strategy into international development work, where most professionals are trained in academics not management. For the sake of argument lets say I can score in the 700 GMAT range (680-720), because if I don't I'm sure it would basically eliminate my chances. My PC service is scheduled to end at the end of August 2011. I'm currently torn as to when to apply. After PC service I want to travel for a significant amount of time to experience the different cultures of the surrounding countries. Also, I think it would be a very hard transition going from PC life to Bschool life with only a 1-2 week adjustment period. With all that being said my two questions are as follows:

    1. Based on this small sampling of info do you believe I can gain admittance into one/some of the aforementioned schools?

    2. How would schools view the huge time gap if I were to wait and apply in 2011, basically leaving myself unemployed from Sept 2011 to August 2012 when classes begin. Would it be a factor or are the more understanding due to the unique circumstances of the PC?

    Thanks in advance for your help.

    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear ke18sb:

    I think your target list is a possibility for you, assuming you score 680+ on your GMAT and have a strong overall application. As for when to apply, I think you have to decide when you feel you are ready and make sure the timing will work for the end of your assignment and the start of school. I actually think you might be better off applying in fall 2011 for entry in fall 2012 for a couple of reasons. First, many programs start in early to mid August which might not work with your scheduled return from the Peace Corps. You really need 2-4 weeks to get set up in your new city prior to starting business school there. Second, if you wait to apply in fall 2011, then you would be able to visit the schools and do your interview in person rather than only being able to do research from afar and trying to do interview by phone which might be an issue depending on where you are for your assignment. I do think having the 11 months in between would be fine, but you do need to have a bit of plan for that time--it can't simply be downtime. You can travel for some of it, but then for the remainder, you might consider an internship or volunteer role related to what you wish to pursue post-MBA. What is critical is that you are doing something and that it is relevant to your goals during this time.

    www.StacyBlackman.com
    • 2
    13y
    J15 , what's your opinion? Comment below:

    Hi Stacy,

    Thankx for all the great work! Im from a Canadian Uni, UT/UBC-ish (not a finance powerhouse uni)

    I am interested in a career in IB , I don't seem to be able to land a good gig in the front office , but i've always wanted to do more school.

    So my plan now is to start as an auditor in a big 4 in once of the asia office. How does big four experience in asia help for schools like Chicago, NYU, Columbia? I will be starting in audit, i hope to make the transition to Financial Advisory, and I intend to get my CPA along the way.

    I've heard mix stuff about accountants going into top B school... many told me its common as long as you work hard, some say they don't like accountants blah blah blah and I've even heard that theres a cap on how many accountants they take in.

    Whats your opinion on this? Given if I work hard and get great recommendations, how many years of work exp do big 4 folks usually collect before they apply to B school?

    Thank you!

    13y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear J15,

    There is no standard or preferences for folks applying to b-school from big 4 accounting firms. Audit experience with a big 4 is great experience as these are competitive jobs that offer plenty of opportunities to develop solid teamwork, analytical, and communication skills. Likewise, schools do not generally have quotas on any particular background, but they do like to have a diverse mix of students in any class. What is important for you to do is to maximize your time in your job and do all you can to build a competitive profile between now and the time you apply. Seek opportunities to broaden and deepen your skill set as well as leadership opportunities--you can also seek leadership opportunities in your community and extracurricular activities as starting out in a big 4 you won't have many available to you for the first few years. Spend time preparing and do well on your GMAT so you have a highly competitive score. And, build those solid relationships with your supervisors so you will have great recommendations. When you feel you are ready to return to school, then that is when you should apply, but ideally you want to work for at least two years first.

    www.StacyBlackman.com
    • 2
    13y
    Brink , what's your opinion? Comment below:

    Dear Stacy,

    Really appreciate your help in answering our questions. Unfortunately after reading through everyone's posts I haven't come across my question (wasn't expecting to). I graduated from an Ivy with a computer engineering b.s., but my gpa is 3.2 and I have two D's in major-related classes. My question for you is: am I automatically out of the running for Top10 Bschools? Assuming that the rest of my app - GMAT , work experience, essays, recs, etc - remains competitive.

    Although I'm very happy with my career right now in IT consulting, I always knew that this would come back to haunt me. What should I do if my goal is to get into a Top10 Bschool at some point?

    Thank you!

    12y
    Stacy_Blackman , what's your opinion? Comment below:
    Brink:
    Really appreciate your help in answering our questions. Unfortunately after reading through everyone's posts I haven't come across my question (wasn't expecting to). I graduated from an Ivy with a computer engineering b.s., but my gpa is 3.2 and I have two D's in major-related classes. My question for you is: am I automatically out of the running for Top10 Bschools? Assuming that the rest of my app - GMAT , work experience, essays, recs, etc - remains competitive.

    Although I'm very happy with my career right now in IT consulting, I always knew that this would come back to haunt me. What should I do if my goal is to get into a Top10 Bschool at some point?

    Having a small mis-step on your transcript does not result in an automatic rejection from any business school. There is no reason to think that having two D's on your undergraduate transcript will hold you back. In most cases, if an applicant is rejected, it is for more than one reason. So, assuming you score well on the GMAT , have solid work experience, great recommendations, and well-written essays, then you should be a competitive applicant for any program. Your cumulative GPA of 3.2 is right about the average or slightly below, so scoring in the 700s on the GMAT will mitigate the GPA . Likewise, you will want to present yourself in your applications as a mature, thoughtful person committed to going to business school and have a solid rationale for why you need an MBA in relation to your career goals.

    www.StacyBlackman.com
    • 2
    13y
    wintonheights , what's your opinion? Comment below:

    . no longer necessary. im good.

    but i will still say stacy, that ive done a months of tedious hours of online research with regards to bschool and that IMHO, your website/blogging/article contributions have been exceptional by comparison. not that my endorsement means anything!, but KUDOS.

    12y
    CafeRacerSF , what's your opinion? Comment below:

    I am working for the top M&A team in India. I graduated in finance from the top business undergrad school in India with an average score (65%, GPA 3-3.2) in 2008 since I was too busy with ECA in college (Headed the student debating body, organised annual college festival, social service group head etc)

    The score is lower in quant subjects. But also, my school is the top ranked business undergrad course in South Asia with a cut-off score for admission above 96 percentile after school.

    QUESTION: What is a better way to solve the low GPA issue - CFA L1 and L2 or a PG Diploma in Finance? I mean the PG Diploma will give me a GPA and I will ace it since I know it is important.

    The ECA in college is very decent - Headed College Festival (15000+ footfalls), Organised India's largest debating event, youngest at Asia's largest management summit at IIM Ahmedabad etc.

    I am ready to postpone my application to 2012 just be sure of getting a Top 10 call.Kindly advise!

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:
    vaibhavsingh:
    I am working for the top M&A team in India. I graduated in finance from the top business undergrad school in India with an average score (65%, GPA 3-3.2) in 2008 since I was too busy with ECA in college (Headed the student debating body, organised annual college festival, social service group head etc)

    The score is lower in quant subjects. But also, my school is the top ranked business undergrad course in South Asia with a cut-off score for admission above 96 percentile after school.

    QUESTION: What is a better way to solve the low GPA issue - CFA L1 and L2 or a PG Diploma in Finance? I mean the PG Diploma will give me a GPA and I will ace it since I know it is important.

    The ECA in college is very decent - Headed College Festival (15000+ footfalls), Organised India's largest debating event, youngest at Asia's largest management summit at IIM Ahmedabad etc.

    I am ready to postpone my application to 2012 just be sure of getting a Top 10 call.Kindly advise!

    Your GPA is not going to keep you out of contention for a top business school, in and of itself. Your 3-3.2 will put you right below to right at the average. What you do need to do is research to determine if your current degree is equivalent to a US four-year degree as many B.Comm degrees in India are not and you would need the PG diploma to reach equivalency. You cannot change your GPA , but you can make sure you score well on your GMAT and the rest of your application is strong. To have the best chance for admission at a top program, your application will need to be stellar, distinguish you from the competition, and make a compelling case for your admission.

    www.StacyBlackman.com
    • 2
    12y
    ke18sb , what's your opinion? Comment below:

    I have a couple of quick questions, feel free to give brief responses.

    How many classes are recommended for an alternative transcript, does it depend on gpa? Mine was 3.1 over all but 2.7 in major (econ).

    Is it better to wait an entire year until everything is perfect, ie, a sufficient amount of alternative transcript classes are taken, or is it better to apply and if I don't get in add a few classes for the next go around.

    What's you opinion on R1 vs R2, and even more so when you apply within the respective rounds? I know schools say there isn't a difference but I feel that sometimes that's what the need to say. I think everything I have, gmat, work experience, volunteer experience would make me competitive at any top 10 school, I just have the kink of the GPA . I'm batting 3 out of 4. Due to this, I'm looking for any advantage I can pick up that are within my control, application timing being one of them. Or is this an irrelevant point.

    Thanks

    12y
    Stacy_Blackman , what's your opinion? Comment below:
    ke18sb:
    I have a couple of quick questions, feel free to give brief responses.

    How many classes are recommended for an alternative transcript, does it depend on gpa? Mine was 3.1 over all but 2.7 in major (econ).

    Is it better to wait an entire year until everything is perfect, ie, a sufficient amount of alternative transcript classes are taken, or is it better to apply and if I don't get in add a few classes for the next go around.

    What's you opinion on R1 vs R2, and even more so when you apply within the respective rounds? I know schools say there isn't a difference but I feel that sometimes that's what the need to say. I think everything I have, gmat, work experience, volunteer experience would make me competitive at any top 10 school, I just have the kink of the GPA . I'm batting 3 out of 4. Due to this, I'm looking for any advantage I can pick up that are within my control, application timing being one of them. Or is this an irrelevant point.

    Thanks

    There is no minimum number of courses or standard for alternative transcripts. It is what you feel is necessary for you. Most folks take 2-4 courses depending on how many quantitative courses they previously took in college. Your 3.1 cumulative GPA is not that far below the average for most schools, so a high GMAT and quality work experience will also do quite a bit to mitigate that as a potential weakness for you. Based on your post, it sounds like you have a competitive foundation for your application. The key will be putting together a compelling, strong overall package. Your essays, recommendations and interview are critical to your ultimate decision--use them to your advantage to make your case for admission. As for when to apply, you should apply when you are ready and the earlier the better, in my humble opinion. Most schools review applications as they come in to some degree, so submitting early in the round will get you in the queue sooner and demonstrate you are motivated. It won't necessarily result in your decision being released sooner though. There is not a statistically significant difference between R1 and R2 in terms of competitiveness or chances. However, if you can submit a quality application in R1, then why wouldn't you? It shows you consider this school to be a top choice, you have been thinking about applying for quite some time, and you are committed and motivated to getting your application in as soon as possible.

    www.StacyBlackman.com
    • 2
    12y
    plasticplants , what's your opinion? Comment below:

    Stacy, I'm sure you are bored to tears to read everyone's history, and respond with their probable likelihoods of acceptance at various institutions. But here goes...

    Private school in Texas - it has a very good reputation here, but not sure how well known it may be nationally: B.S. Business (concentrations in accounting and finance) B.A. Economics (3.65 undergrad gpa) M.S. Accounting (3.9 gpa)

    Currently a CPA , and work at a Big 4 accounting firm in audit. Have progressed to the senior role and supervise audit teams, and have worked on both public and private clients in a variety of industries. Been here since I got my master's, so I would have almost 5 years of work experience when I would start the MBA program. Post MBA slightly unsure of what I want to do, but maybe financial advisory services/consulting, controller, director of internal audit, something along those lines. Haven't taken GMAT yet; I'm a good test taker, but I doubt I'll put in the required hours to achieve an outstanding score. Am involved in some volunteer activites, but no major ongoing roles. I'm thinking about Univ of Texas, Rice, Yale, UC Berkeley, UCLA. Do you have any idea what tier/range of schools I should be shooting for or have a very strong chance of acceptance?

    Thanks so much for your input.

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:
    plasticplants:
    Stacy, I'm sure you are bored to tears to read everyone's history, and respond with their probable likelihoods of acceptance at various institutions. But here goes...

    Private school in Texas - it has a very good reputation here, but not sure how well known it may be nationally: B.S. Business (concentrations in accounting and finance) B.A. Economics (3.65 undergrad gpa) M.S. Accounting (3.9 gpa)

    Currently a CPA , and work at a Big 4 accounting firm in audit. Have progressed to the senior role and supervise audit teams, and have worked on both public and private clients in a variety of industries. Been here since I got my master's, so I would have almost 5 years of work experience when I would start the MBA program. Post MBA slightly unsure of what I want to do, but maybe financial advisory services/consulting, controller, director of internal audit, something along those lines. Haven't taken GMAT yet; I'm a good test taker, but I doubt I'll put in the required hours to achieve an outstanding score. Am involved in some volunteer activites, but no major ongoing roles. I'm thinking about Univ of Texas, Rice, Yale, UC Berkeley, UCLA. Do you have any idea what tier/range of schools I should be shooting for or have a very strong chance of acceptance?

    Thanks so much for your input.

    Without knowing your GMAT score, your profile is not complete to determine your competitiveness for different schools. Your GPA is quite strong and you have quality work experience, so that is an asset for you. With the schools you note, I would say your GMAT probably needs to be at least a 660 to be competitive, but higher wold be better. You still need to have a great set of essays and recommendations, as well as a strong interview, to give yourself the best possible chance for an offer of admission at any of these schools. You have some great schools, but they are all quite selective. If you want schools where you will have a higher probability of admission, then you would need to expand your school list to be outside the top 20 of the rankings. There are many great regional programs that do not receive the recognition from the rankings, so you could identify a few programs in the geographical area where you want to be post-MBA that offer the curriculum and resources you seek in a program.

    www.StacyBlackman.com
    • 2
    12y
    thepuh , what's your opinion? Comment below:

    Stacy, I had a question about undergraduate GPA and prospects for an MBA. I am attending Wake Forest and it is notorious for grade deflation. I know Wake is a top school but Calloway is very reputable. How would top B-schools such as stanford/ Wharton MBA view a slightly lower GPA from Wake? Is it worth transferring to say UVA for the name recognition and the higher GPA ? Thanks

    12y
    thepuh , what's your opinion? Comment below:

    Stacy, I had a question about undergraduate GPA and prospects for an MBA. I am attending Wake Forest and it is notorious for grade deflation. I know Wake is a top school but Calloway is very reputable. How would top B-schools such as stanford/ Wharton MBA view a slightly lower GPA from Wake? Is it worth transferring to say UVA for the name recognition and the higher GPA ? Thanks

    12y
    Stacy_Blackman , what's your opinion? Comment below:
    highrolla:
    Stacy, I had a question about undergraduate GPA and prospects for an MBA. I am attending Wake Forest and it is notorious for grade deflation. I know Wake is a top school but Calloway is very reputable. How would top B-schools such as stanford/ Wharton MBA view a slightly lower GPA from Wake? Is it worth transferring to say UVA for the name recognition and the higher GPA ? Thanks

    Schools take into account the rigor of the institution as well as the difficulty of the major when evaluating an applicant's transcript. If you would only be transferring for the purpose of potentially getting a slightly higher GPA , then I'm not sure that is reason enough. If there are other reasons you want to transfer to UVA--more resources, better/more elective offerings, better career prospects--then that might be enough reason to transfer. Basically, you just want to make sure the benefits of transferring outweigh any potential costs as there are always costs involved with a transfer.

    www.StacyBlackman.com
    • 2
    12y
    sk27 , what's your opinion? Comment below:

    Hi Stacy,

    This is an urgent request for some advice.

    I have received admission to a prestigious business school in India but I would prefer to attend a business school in the US since I want to eventually work in the US and I feel that the US schools I am targeting will be a better fit for me.

    I would be targeting the following US schools : Harvard, Stanford, Wharton, Kellogg and Columbia - so the top tier ones.

    I am having a tough time deciding on whether I should give up the admission offer to the indian business school to attempt admission to US schools since I am unsure on the chances I have on succeeding in applying to the schools mentioned.

    I would like to know if my application is strong enough to be in contention for these schools:

    Bachelor of Engineering and Bachelor of Arts from the University of Auckland in New Zealand - very high GPA - ranked 2nd in the university for Mechatronics Engineering. Have won the best final year research project at University as well as some other prizes/scholarships. Have published a paper in a robotics journal and presented the results at a conference. GMAT score is 730 but i plan to re-sit and i am confident of getting around 750. (dont know this will help however) Was selected as one of 2 NZ representatives at a summer school program at the University of Hong Kong / University of Beijing I am currently working full time at KPMG consulting in Melbourne, Australia and will have completed 2 years of work experience at the end of 2010. I have done very well at work and am confident of strong letters of reference. I want to apply to US business schools for admission in Fall 2011

    I have extra curriculars such as Engineers without Borders and involvement in Tennis at school and university.

    Do I have a good shot at putting in an application for these school given that I will have about 2.5 years of experience by the time I join the business school?

    Overall how does my application stack up for the schools I am targeting?

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:
    sk27:
    Hi Stacy,

    This is an urgent request for some advice.

    I have received admission to a prestigious business school in India but I would prefer to attend a business school in the US since I want to eventually work in the US and I feel that the US schools I am targeting will be a better fit for me.

    I would be targeting the following US schools : Harvard, Stanford, Wharton, Kellogg and Columbia - so the top tier ones.

    I am having a tough time deciding on whether I should give up the admission offer to the indian business school to attempt admission to US schools since I am unsure on the chances I have on succeeding in applying to the schools mentioned.

    I would like to know if my application is strong enough to be in contention for these schools:

    Bachelor of Engineering and Bachelor of Arts from the University of Auckland in New Zealand - very high GPA - ranked 2nd in the university for Mechatronics Engineering. Have won the best final year research project at University as well as some other prizes/scholarships. Have published a paper in a robotics journal and presented the results at a conference. GMAT score is 730 but i plan to re-sit and i am confident of getting around 750. (dont know this will help however) Was selected as one of 2 NZ representatives at a summer school program at the University of Hong Kong / University of Beijing I am currently working full time at KPMG consulting in Melbourne, Australia and will have completed 2 years of work experience at the end of 2010. I have done very well at work and am confident of strong letters of reference. I want to apply to US business schools for admission in Fall 2011

    I have extra curriculars such as Engineers without Borders and involvement in Tennis at school and university.

    Do I have a good shot at putting in an application for these school given that I will have about 2.5 years of experience by the time I join the business school?

    Overall how does my application stack up for the schools I am targeting?

    There are no guarantees in business school admissions and no way to know if you will be admitted unless you apply. You appear to have a competitive profile for top MBA programs in the US based on the information in your post. The decision will be based on the quality of your overall application package though, so a competitive profile is not enough. You must submit a well-written set of essays and perform well in your interview. In essence, you must provide a compelling case for your admission and distinguish yourself from the competition to be awarded one of the seats available. Since you are looking at the top 10 schools, competition is fierce and the number of applicants is very large. Thus you will need to offer many reasons to admit you and not provide any reasons to pass on your application. I do think you have a chance at these schools; however, I also think it is best to apply to at least one school where your chances are much greater (a safety option) as a backup plan if you decide to forgo your current offer of admission and apply to US schools. There are many great US business schools that would be solid safety options for you should you decide to go that route.

    www.StacyBlackman.com
    • 2
    12y
    kcw984 , what's your opinion? Comment below:

    Hi Stacy,

    I was hoping you could evaluate my profile. Thanks in advance!

    Profile:

    25 year old male, international background (grew up in US and Japan), US Citizen GMAT : 730 (96th percentile) - V45 (98th percentile), Q45 (74th percentile) GPA : 3.4 overall from a top 20 Liberal Arts College - Double major in East Asian Studies (Mandarin Chinese, 3.7 GPA ) and Economics (3.0 GPA ) Work Experience: 2.5 years in Compliance at two top asset management firms

    Target Schools: -Chicago Booth -Kellogg -CBS -Stern -HBS

    I am concerned about my chances because of two potential weaknesses. The first is my Economics GPA ; although my overall GPA is seemingly average (or slightly below average) for top programs, my economics GPA is low at 3.0, and my performance in the two quantitative courses I took (Statistics and Calculus) was not strong (I got a C+ in Statistics and took Calculus Pass/Fail). How much of a problem will this be? I have a strong GMAT score, but my quantitative percentile is not stellar. I am currently enrolled in NYU's continuing education Statistics course (one of their "pre-MBA courses"). I am also considering taking Calculus.

    My second concern is that I have very little in the way of ECs and no volunteer work/community involvement. The only EC I have from my undergrad was during my senior year, when I joined a program that essentially was a "mini business school experience"; I led a team that evaluated and presented a HBS case-study and performed an equity analysis, leading to a buy/hold/sell recommendation. I have no prior volunteer experience; although I realize it may come off as contrived, I have signed up for a few volunteer events over the next several months (and have already completed a few). I am hoping that having something is better than nothing.

    In terms of WE, I was unable to find a job until March of 2008 as a Compliance Specialist at a large Asset Management Firm (~$300 billion AUM). In my first position, I conducted forensic reviews on a wide range of topics such as marketing materials, RFPs and trade allocation. I was also responsible for employee Compliance training. I was laid off in February, 2009 and began my current position in March in Compliance at another large Asset Management Firm (~$ 600+ billion AUM), this time focusing on personal trade surveillance/reconciliation and code of ethics administration (disclosures, political contributions, private investments, etc). I am also responsible for employee training at my current position. My current position is more focused than my previous job and is much more high-pressure, fast-paced and full of short-deadline projects.

    I am interested in getting my MBA in order to transition from Compliance to Investment Banking; although I enjoy what I currently do, I would like the opportunity to work on the business side in deals and interact with clients. What I enjoy the most about my current job is meeting new employees through Compliance training as well as acting as a resource for employees throughout the firm by handling Compliance-related questions and requests. I am a strong communicator and I feel that I could be more valuable to an employer and more fulfilled on a personal level by working on deals and (eventually) winning over clients.

    Any input on my chances at the schools I listed would be greatly appreciated.

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:
    kcw984:
    Hi Stacy,

    I was hoping you could evaluate my profile. Thanks in advance!

    Profile:

    25 year old male, international background (grew up in US and Japan), US Citizen GMAT : 730 (96th percentile) - V45 (98th percentile), Q45 (74th percentile) GPA : 3.4 overall from a top 20 Liberal Arts College - Double major in East Asian Studies (Mandarin Chinese, 3.7 GPA ) and Economics (3.0 GPA ) Work Experience: 2.5 years in Compliance at two top asset management firms

    Target Schools: -Chicago Booth -Kellogg -CBS -Stern -HBS

    I am concerned about my chances because of two potential weaknesses. The first is my Economics GPA ; although my overall GPA is seemingly average (or slightly below average) for top programs, my economics GPA is low at 3.0, and my performance in the two quantitative courses I took (Statistics and Calculus) was not strong (I got a C+ in Statistics and took Calculus Pass/Fail). How much of a problem will this be? I have a strong GMAT score, but my quantitative percentile is not stellar. I am currently enrolled in NYU's continuing education Statistics course (one of their "pre-MBA courses"). I am also considering taking Calculus.

    My second concern is that I have very little in the way of ECs and no volunteer work/community involvement. The only EC I have from my undergrad was during my senior year, when I joined a program that essentially was a "mini business school experience"; I led a team that evaluated and presented a HBS case-study and performed an equity analysis , leading to a buy/hold/sell recommendation. I have no prior volunteer experience; although I realize it may come off as contrived, I have signed up for a few volunteer events over the next several months (and have already completed a few). I am hoping that having something is better than nothing.

    In terms of WE, I was unable to find a job until March of 2008 as a Compliance Specialist at a large Asset Management Firm (~$ 300 billion AUM ). In my first position, I conducted forensic reviews on a wide range of topics such as marketing materials, RFPs and trade allocation. I was also responsible for employee Compliance training. I was laid off in February, 2009 and began my current position in March in Compliance at another large Asset Management Firm (~$ 600+ billion AUM), this time focusing on personal trade surveillance/reconciliation and code of ethics administration (disclosures, political contributions, private investments, etc). I am also responsible for employee training at my current position. My current position is more focused than my previous job and is much more high-pressure, fast-paced and full of short-deadline projects.

    I am interested in getting my MBA in order to transition from Compliance to Investment Banking; although I enjoy what I currently do, I would like the opportunity to work on the business side in deals and interact with clients. What I enjoy the most about my current job is meeting new employees through Compliance training as well as acting as a resource for employees throughout the firm by handling Compliance-related questions and requests. I am a strong communicator and I feel that I could be more valuable to an employer and more fulfilled on a personal level by working on deals and (eventually) winning over clients.

    Any input on my chances at the schools I listed would be greatly appreciated.

    You appear to have done a pretty good job of assessing your profile and identifying your potential weaknesses. In terms of your GPA , I am not overly concerned and do not feel your performance in those two courses will significantly impact your business school applications. Your cumulative GPA is a 3.4 which is competitive and your GMAT quant score is also competitive. Additionally, you are taking the courses at NYU is preparation for business school. The lack of extracurriculars is a bit more of a concern and I am glad to see you have been doing some volunteer work recently. You are right that it is better to have something to put down than nothing and you will have ~6 months of involvement by the time you submit applications. In my opinion, your resume might be your biggest potential weakness in your profile. The gaps in your career, while not your doing or choosing, will need to be explained. It is also imperative you show the quality of the experience you have gained--your accomplishments, contributions, and successful leadership/teamwork experiences. Likewise, you will want to connect the dots between your current experience, the MBA , and your future goals (i-banking) to demonstrate how realistic this path is for you. Finally, you have noted 5 fabulous programs, but all are highly selective. While you might be admitted to one (or more), it is best to have a backup plan and consider applying to 1-2 safety options also.

    www.StacyBlackman.com
    • 2
    12y
    lhomme , what's your opinion? Comment below:

    Hi Stacy,

    This is a long thread! I'm pleasantry surprised it's still so vibrant. If I may ask for some advice - I am planning to apply to five schools this fall for class of 2013 (HBS, Wharton, Booth, Kellogg, Columbia). I understand that it is a competitive environment, but my rationale has been that an MBA would represent a significant actual and opportunity cost and I will wait until I get in to a top school or not go at all.

    Here is my profile:

    Top 25 Undergraduate School: Double Major Finance & Marketing, 3.84 GPA 740 GMAT (97%): (97% Verbal / 83% Quant / 6 AWA)

    I'm currently in my third year at a Management Consulting firm, having spent all of my time at retail clients touching a wide range of operations functions within it. I've performed well vs. my peers, have had significant interaction with client contacts, developed some cool, high impact work and won the respect of a lot of my team members. I was promoted once, and cannot easily be promoted again without an MBA .

    Outside of school, I'm a mentor in a long term mentor/mentee program, and will have planned one or two activities for the board. This is where I am weaker - I worked part time in college and didn't get to leadership positions in EC. Because of my travel and workload, I haven't been able to commit to significant leadership positions in EC activities.

    Let's assume that I am the type of person who will relentlessly work on my essays, recommendations and prep for the interviews. I've also sent your company an email regarding your essay guides.

    Long term I would want to either stay in consulting for a few years, move into internal consulting or brand management.

    If you would be so kind as to shed some light:

    1. Realistically, what are my chances at admission into at least 1 of the 5?
    2. Do you think my 'best or nothing' approach is wise?
    3. What would be the expected impact of paying for an admissions consultant? A peer of mine used one, and did well, but $4- 6K is a tough nut to swallow.

    Thanks!

    Jim

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear Jim,

    You have a competitive profile for a top 10 MBA program, assuming you do have a well-written set of essays that make a compelling case for your admission, strong recommendations, and a great interview. However, there are no guarantees in MBA admissions for any profile and thus I never recommend anyone apply to only top 10 schools. I think it is best to have 1-2 schools that are more of a safety option as an insurance plan. Nevertheless, there is nothing wrong with your assessment that anything less than a top 10 is not good enough for your career plan. It just means you are taking on the risk of not entering business school when you plan. An admissions consultant might be worth the expense to give you the best chance for admission to a top 10 if you feel the expertise might ensure you are submitting the strongest application package possible. That is not to say you can't achieve an offer (or two) of admission on your own, but having a consultant familiar with the process and helping you shape your strategy can be advantageous with the level of selectivity in the top 10. I encourage you to take advantage of our free consultation to learn more about our services and the options available to you--perhaps that will help you make a more informed decision on whether or not to use a consultant and how you want to use a consultant. Good luck!

    www.StacyBlackman.com
    • 2
    12y
    Ruffles , what's your opinion? Comment below:

    Hi Stacy,

    Thanks for answering all these questions. This thread is an excellent resource.

    I'm considering taking a year off before business school to live/volunteer/study abroad. My goal is to become fluent in a foreign language and to expose myself to a different culture. Prior to going abroad I will have 4-5 years of work experience here in the US, some of which is international in nature. I know that MBA programs will view international experience positively, especially if I can relate it to my career goals and reason for pursuing an MBA , which shouldn't be difficult considering that I'd like to work in an international business function and believe that my language skills and experience in a foreign country/region will help.

    That said, I'm also worried that taking a year off might raise a red flag with admissions offices. I don't want them to view it as a "break", as if I was burned out or even fired from my job and used going abroad as simply a way to fill the time (note: I haven't been fired and am still a few years away from applying). Part of me believes that I'm being unnecessarily concerned, but I've never heard of anyone taking a gap year right before getting an MBA . I also worry that post-MBA employers might have the same opinion. Certainly if I'm applying for a position that requires international experience and/or language skills this would be viewed favorably. However, I would like to apply to banks, consulting firms, and Fortune 500 companies and I know that recruitment is competitive. Again, I'm worried that some might view this simply as a "year off," which would raise a red flag.

    Are my concerns legitimate? If so, what steps should I take to minimize any downside for both admissions and post-MBA recruitment?

    Thanks again for taking the time to answer these questions. You've been extremely helpful and I'll certainly look at your firm's services when I eventually begin the application process.

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear Ruffles,

    Your concerns are legitimate in a climate where the supply of employees exceeds demand (and MBA applicants are plentiful). It is hard to predict what the labor market will look like by the time you would be in business school, much less graduating, as the labor market does go in a cycle. If the current trends continue, then I do think there might be some recruiters/admissions folks that would view your experience abroad as a "break"; however, you do have control over how you present that experience and many recruiters/admissions folks that will not view it that way. The onus will be on you (regardless of the labor market's status) to present that year effectively, ensuring it is part of your overall career path and not simply a gap year. Word choice on your resume, how you talk about it in networking/interviewing situations, and what your international experience(s) entails will be key to the perception of this year by others.

    www.StacyBlackman.com
    • 2
    12y
    suchislife , what's your opinion? Comment below:

    Dear Stacy,

    I am currently in the middle of planning for a future MBA and wanted to know what my current odds at my target schools and what could I do to improve my standing.

    Educational Background:

    I went to a middle tier Undergrad my first year was horrible I ended up with a 2.5 average for that year (which included introductory stat courses), I regained momentum and be raised my GPA to a 3.2 overall and Finance Major GPA 3.8, I also passed the first level of the CFA during my first semester senior year. I also recently sat down for the Level 2 CFA exam, and think I did fairly well (we'll see in august), I am only 22.

    Experience:

    My work experience is not what you call ordinary, when I graduated from undergrad I decided to go back home to Puerto Rico, and began working as an unpaid intern in August at the islands pension system which manages around 8B in gross assets, I quickly excelled among my peers and was offered what they call a "political position" as executive assistant to the Pension fund Administrator (comparable to the CEO) and to the Chief Investment Officer.

    The pension system I am working in is currently the worst funded pension system in the united states, 9.8% funding, and it has an estimated life of five more years and a total obligation between all the funds of about 30 Billion, It is been called the Islands Achilles heel. The administration I am currently working with was brought in to try to salvage and restructure the system; we are dealing with a very demanding, dynamic, and challenging situation.

    I know that I will be able to get excellent recommendations from both the Administrator and the plans CIO.

    GMAT :

    I am currently planning to take the GMAT in October, now that I have time to study since a just took the CFA level 2 exam which was pretty grueling and gave me no time for anything else.

    Targets:

    I would like to enter a MBA program at a top tier school I am currently looking at Harvard, Columbia, Wharton

    The Question:

    Assuming I am able to achieve a GMAT score around 700 and I pass the Level II I recently sat for and the Level II CFA Exam.

    What are my prospects for getting into one of these schools and more importantly what other recommendations do you have for improving my candidacy?

    Thank you for your help,

    D.R.

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear D.R.,

    Admissions decisions are based on a holistic evaluation of your application. Thus it will be more than your GMAT score and GPA , CFA , etc., that will determine whether or not you are admitted. The quality of your essays, your rationale for business school, how realistic your career goals are and how well you present yourself in both your written application and interview are all critical to the process. Your GMAT score will need to be 680+, ideally over a 700, to be competitive for a top tier school as your cumulative GPA is slightly below their average. Also, you will need to gain some quality work experience over the next few years with accomplishments you can note. It sounds like the pension fund has lots of opportunity for you to add value, so maximize those opportunities to broaden and deepen your skill set. Finally, you need to be active outside of work as well in some community organizations or other activities. These are also opportunities to gain leadership and teamwork skills if you do not have much chance at work. If you do all of these things, and put in the effort for strong, overall application package, then you should have a chance at a top school. However, it is also prudent to apply to a mix of schools as top tier schools are highly selective and receive thousands of applications each year.

    www.StacyBlackman.com
    • 2
    12y
    J15 , what's your opinion? Comment below:

    Hi Stacy,

    I've got couple quick questions regarding B-school application.

    Background of myself -Just graduated from a Canadian University with a Bachelor of Commerce ( GPA of 3.3/4.0) -Heading back to Asia to start as an auditor with a Big 4 -The target is to get into schools like Chicago, Columbia or NYU in couple years.

    I was wondering the following, it appears that most of B-school candidates on average have 48 month (4 years) of work experience, I understand some positions like IB and consulting are little more unique than positions such as an auditor. Is it crazy to think that an auditor who does really well ( high performance, great recommendation, high GMAT , and great extra-curricular) can get into the schools I've mentioned with 2 years of exp?

    Secondly, due to my dual citizenship status, it is very likely that I might have to step away from work and serve my country for 12~14 month. I understand some military exp are considered valuable in US, how do B-school view short term conscription obligation ? The Asia country I'm about to work in , Taiwan, has a substitute military service, where you are sent to various government agencies to work at a desk job. There are departments such as Department of Commerce, and Department of Trade, which is related to my background, will that be considered as "work exp"?

    Lastly, do B-school consider what school/subject you are from when they look at your grades? My undergrad university has a pretty infamous reputation for mark deflation .

    Thank you so much for the time!

    -J

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear J,

    You are not crazy; it is possible for you to be admitted with two years of work experience if you have a stellar, overall application package and a solid rationale for why you want to go to business school. As you noted, that would mean you have great recommendations, a high GMAT , good extracurriculars, and a successful professional track record (in addition to a great set of essays and strong interview). Military experience, even conscription obligation, is viewed as work experience by most business schools. You might find some that do not, but most will view it as work experience. If you can get an assignment in a department that is related to your profession, then that would be ideal. Schools do consider where you went to school and the rigor of your curriculum when evaluating your transcript(s).

    www.StacyBlackman.com
    • 2
    12y
    einhorn , what's your opinion? Comment below:

    Dear Stacy

    What are my chances for an interview offer at HBS 2+2 program

    Pros: 1. GPA: > 3.65 (3.4 as freshman improving to 4.0 as junior) 2. GMAT: > 770 3. Ethnicity: Eastern European 4. Undergrad: Math/econ major and attend a top five target school for free by having financial aid/multiple outside scholarships 5. Languages: Spanish, Arabic, native Eastern European language, and English 6. Work experience: Three summers finance internships - same company - one of the top ten finance companies in the world asset more than $25 billion ( buy side experience ). 7. Recommendations - strong recommendations, however professors are not eminent in their field 8. Leadership experience: Multiple activities/recognized in an activity on national level. 9. Strong Essays 10. National level awards in multiple activities. 11. Highly involved in volunteer activities and have recevied many national level awards/scholarships. (Raised >$10,000 money for charities).

    Problems: 1. Need lots of $$$$$$$$ in financial aid to attend school as belong to a poor eatern europena family. 2. No family connection in finance/ HBS 3. Not an excellent communicator in English, however good command in other languages. Compensate it by strong quant skills.. 4. No URM/girl

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear einhorn,

    It is hard to know your chances without seeing what the applicant pool looks like; however, I see many positives and attractive attributes in your profile based on your post. You have the academic qualifiers with your GPA and GMAT in that range. Likewise, your internships will be an asset. I would encourage you to get recommendations from your supervisors in your internships rather than professors though. As for the problems you noted, there is no need for a family connection to HBS or the finance industry nor is your gender/ethnicity/race a problem. These are not attributes that factor into the evaluation. Your concern on your English might be an issue, so that would be something you will want to work on so that your interview goes as well as possible in the event you get the opportunity. As for the financial aid, that is something that you will have to figure out. HBS does not generally give large scholarships and how you finance your MBA will be up to you. You will have a few years to save and plan for business school if you are admitted, so you might want to start thinking about that now. Good luck!

    www.StacyBlackman.com
    • 2
    12y
    vhunter , what's your opinion? Comment below:

    Hi Stacy,

    I am currently an undergraduate senior at a university and I am considering applying to business school right now. I do not have professional work experience but I am working part-time and have held this job since I entered the university.

    My question is: is there any business schools out there that will accept applicants who have no work experience? Could you list a few? Also, who would I ask for letters of recommendation? Professors and my current supervisor? Thanks a lot.

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear vhunter,

    There are business schools that accept folks directly from undergraduate degree programs. You will need to verify with each school directly, but for many work experience is more of a preference than a requirement. However, to be admitted without any professional work experience (defined as full-time, post-bachelor's degree), you will need to demonstrate not only the maturity to handle business school, but also a solid rationale for why now is the right time for you to enter business school. In terms of letters of recommendation, I think your current supervisor is a great idea. The other recommender can be a professor, a co-worker, or someone you work with/for in an extra-curricular or community activity. You want to select folks that know you well, for at least a year, and can speak to your skills like communication, teamwork, and leadership.

    www.StacyBlackman.com
    • 1
    12y
    dma315 , what's your opinion? Comment below:

    Hi Stacy,

    A pretty specific question. I'm going to be applying for the HBS 2+2 as well next spring (just like everybody else...), and I had a question regarding the recommendation letter.

    Is it at all weird to get a letter of recommendation from a dean at another business school, or might that be advantageous? I was thinking that person could speak well of my work ethic and in particular my mentality and experience in a business school environment. It's through this job that I've learned a lot about different industries, seen what business school students do on a daily basis, and got the idea of turning an econ major into a finance career.

    The other rec I was thinking about would be from the director of an honors program who I've also had as a professor, who I think would be able to describe my academic skills and intuition, some personality traits, and really validate the rigor of the program I'm enrolled in.

    Thanks for your time, as always.

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear dma315,

    As long as you worked for the Dean at the other business school in some capacity, there should be nothing strange about getting a recommendation from him. He would be a supervisor just like you would have from any other job; it is just his job happens to be as Dean of a business school. Actually, it could work a bit to your advantage in giving the HBS admissions committee reason to believe that you have a solid understanding of what an MBA degree is and what you want to do with your career. Your other recommender should also be someone who knows you quite well and can speak to your skills and abilities. If you believe the director of the honors program is a good choice, then go with that person. The key is you select folks who will not only write a good recommendation, but also know you well and can provide concrete examples of your skills and abilities.

    www.StacyBlackman.com
    • 1
    12y
    akira , what's your opinion? Comment below:

    Hi Stacy,

    Wanted to hear your thoughts. background at an ivy with decent GPA /extracurriculars, now at BB IBD (third year soon). Thinking about buysie, but wanted to see how bschools thought about experience at middle market PE firms vs. say smaller HFs . I know it seem similar, but I think there are different implications for each path as bschool applicant pools seem to be more heavily PE .

    Thanks, Akira

    • 1
    12y
    Stacy_Blackman , what's your opinion? Comment below:
    akira:
    Hi Stacy,

    Wanted to hear your thoughts. background at an ivy with decent GPA /extracurriculars, now at BB IBD (third year soon). Thinking about buysie, but wanted to see how bschools thought about experience at middle market PE firms vs. say smaller HFs . I know it seem similar, but I think there are different implications for each path as bschool applicant pools seem to be more heavily PE .

    Thanks, Akira

    Dear Akira,

    Business schools do not really have a preference for a particular industry, functional area, etc. While there might be a larger number of applicants with a particular background, that is not to say it is going to necessarily put the folks with that background at a disadvantage. What matters to the admissions committees is that an applicant demonstrates progression in his/her career tenure. They like to see that you have gained a breadth of skills, depth of knowledge in your field, and more responsibility over time. This increased responsibility does not always mean a change in job title--it can be that you are given a larger budget, larger projects, more people to supervise, or more important clients to manage. Additionally, admissions committees are looking for a logical path that you have taken to date and the relation of that path to your future career goals. It is important to "connect the dots" between what you have done to the MBA to your future goals. So, pick the path that appeals the most to you and makes the most sense for where you want your career to go in the long-term--where you will gain additional skills and have opportunities to contribute to your firm.

    www.StacyBlackman.com
    • 2
    12y
    asiedlec , what's your opinion? Comment below:

    Hi Stacy!

    I have a question regarding MSF programs. I am deciding between American University Kogod School of business MSF program and the Johns Hopkins Carey School of business MSF program. The Kogod MSF program is a full time 1 year program whereas the Carey MSF program is a part time 2 year. I hope to one day get my MBA and then work in corporate finance. In your opinion, which school will better prepare me for that.

    Thanks, Alex

    12y
    Stacy_Blackman , what's your opinion? Comment below:
    asiedlec:
    Hi Stacy!

    I have a question regarding MSF programs. I am deciding between American University Kogod School of business MSF program and the Johns Hopkins Carey School of business MSF program. The Kogod MSF program is a full time 1 year program whereas the Carey MSF program is a part time 2 year. I hope to one day get my MBA and then work in corporate finance. In your opinion, which school will better prepare me for that.

    Thanks, Alex

    Dear Alex,

    I think it depends on which program you feel is better for your current needs and long-term goals. When assessing these two programs, just like you would two job offers, you have to think in the long-term in relation to your overall career plan. Which program will provide you the skills/knowledge you need to be successful in your current job? Which makes more sense for where you want your career to go in the long run? Why do you feel you need the MSF now and then an MBA later? It is important for you to know the answers to these questions as you will be asked during the MBA admissions process why you want an MBA if you already have the MSF and how both degrees relate to your future career goals. In essence, you need to be able to connect the dots between your education and experience to your career goals--there should always be a strong rationale for why you took a job or pursued a degree. The programs are on par with each other, so I think it is a matter of which curriculum you feel is best and whether you want to work while in the program.

    www.StacyBlackman.com
    • 2
    12y
    freroht , what's your opinion? Comment below:

    Hi Stacy,

    Just by curiosity, I was wondering if being an URM ( a black male for this instance) helps or hurts a candidacy in the MBA admissions process.

    Additionally, I was wondering if in my situation, here below, there is a good likelihood of being admitted to a top MBA

    GPA : 3.4--- Babson College GMAT : 740---- V 49 Experience: Founded and ran a nonprofit organization in Boston since July 2009. Auditor at a BIg 4 since September of 2009 If relevant: URM

    I want to get an MBA at top school to get into one of top consulting firm, which experience would be applied to my foundation in the long-term.

    Thanks!

    • 1
    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear freroht,

    Based on the profile you posted, I would say you have a good chance of being admitted to a top MBA program as long as you submit a strong application package. The essays, recommendations and interview are key components and are equally as important as the GMAT and GPA . You have a very strong academic profile with your 740 (congrats!) and 3.4, as well as solid professional experience. The fact that you are an under-represented minority is definitely not a negative, but it does not mean it is "easier" for you to gain admission either. You must still make your compelling case to be in the class like any other applicant. However, because minorities are under-represented, you will get a thorough review at most schools which makes presenting a strong application package all the more important.

    www.StacyBlackman.com
    • 2
    12y
    JustNumbers , what's your opinion? Comment below:

    Hi Stacy,

    Can you help advise me on what I should do next with additional comm service work? I am a weekly volunteer at a non-profit that teaches good nutrition to families in poverty, recently incarcerated persons, and at risk youths. Very recently, I joined our city's Economic Development Corp, but am not sure exactly what I can do that will help my b-school application.

    I don't intend to apply for another 3-4 years and don't plan to study at a top-tier, but rather, 5-30 range. (Aiming for CU-Boulder)

    Work Experience: Commercial Banking/Treasury (2-years) School: Very Non-Target GPA : 3.0 GMAT : 710 CFA L1 passed (hopefully all 3 by the time I apply) Double Major: Finance/Marketing (Int'l Bus -minor) Strong letters of recommendation

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear JustNumbers,

    Based on your post, I think you will have the foundation for a competitive application if you continue doing what you have been doing for the most part. You have a great GMAT (congrats!) and your GPA is within the mid-50% range of most programs. You will have around 5 years of professional experience by the time you apply, which is about average. You want to make the most of the next 3-4 years though in the sense that you will show career progression and have accomplishments/contributions to your organization(s) that you can note on your resume. In terms of community work, you have some notable activities there already. If you continue your weekly work with the non-profit, or even transition to focusing more on the Economic Development Corp. or another non-profit, that will be advantageous. Much like professional experience, it is about what you are doing in your activity or activities--how you add value and contribute--that matters. Additionally, your activities show a personal side to you and are a way for you to demonstrate skills that you might not get a chance to use in the workplace.

    www.StacyBlackman.com
    • 2
    12y
    RetainedEarnings , what's your opinion? Comment below:

    Hi Stacy,

    Next fall I will be entering a Master of Accountancy program. The school I will be attending has awarded me a scholarship that will cover all of my school expenses for the fall semester. Coincidently, all of the class that I am lacking to be eligible to sit for the CPA are also offered in the fall semester. I am currently playing with the idea of going to school for the fall semester then dropping out to focus on studying for the CPA . What impact would dropping out of the MAcc program after the fall semester have on my application to top ten MBA programs?

    GMAT : 720 GPA : 3.95 School: Non Target SEC School Double Major: Accounting and Financial Management

    Thanks in advance for your help.

    • 2
    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear RetainedEarnings,

    It is hard to predict what sort of impact only completing 1 semester of a graduate program will have on a future MBA application. The impact depends on your explanation on why you only went for one semester and what you do between the time you leave the MAcc program until you enter business school. The main question that the admissions committee of an MBA program will have is why did you start this program and not finish it? If your answer to that question is not satisfactory (in their minds), then that could have a negative impact on your MBA application. It is all about the choices we make for our education and professional experience, and our rationale for making those choices. You want to have a sound, logical explanation for your choices and the path you have been on between college and your MBA application. I encourage you to consider and weigh your options here--if you have a scholarship, then why not finish the program? why enroll in the degree program if you just want to take a few courses? what is your plan for when you drop out--will you be working? Think about your options from a long-term perspective and how you would answer questions about your choices in an interview for both a job opportunity and business school. Perhaps that will help you determine what the best route is to getting these courses for your CPA?

    www.StacyBlackman.com
    • 2
    12y
    analyst218 , what's your opinion? Comment below:

    Dear Stacey,

    As I'm in the midst of selecting schools to apply this fall, I wanted to ask you about which schools are best for breaking into Finance/Consulting.

    I would appreciate if you let me know schools in the range of top1~15.

    I'm considering hiring your company as an admission consultant.

    Thanks

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Dear analyst218,

    Thank you for your interest in Stacy Blackman Consulting. Please visit the website for additional details on our services. I encourage you to do some research on schools based on a set of criteria that you determine as school choice is somewhat individual. There are many rankings out there, which are good sources of information, but it is best to identify the schools you wish to target by evaluating schools against your own list of criteria--basically, your own personal ranking, if you will. One way to determine schools that place well in the industry you desire post-MBA is to look at where companies you want to work for recruit from and review schools' placement reports to see if a substantial percentage enter those industries at graduation. School selection is also something an admissions consultant will help with should you choose to hire one.

    www.StacyBlackman.com
    • 1
    12y
    electriclighto , what's your opinion? Comment below:

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    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Reprehenderit incidunt dolor omnis dolorem voluptas saepe facere. Harum eum praesentium qui assumenda optio repudiandae.

    Corrupti itaque suscipit mollitia qui ut debitis. Omnis dicta est porro.

    Neque non libero aliquid adipisci. Delectus adipisci ut voluptas esse. Id officia nesciunt harum quia dolores autem qui unde.

    www.StacyBlackman.com
    12y
    pranavk , what's your opinion? Comment below:

    Et nostrum optio ea sunt. Illum recusandae cupiditate temporibus optio. Consectetur doloremque quidem pariatur quaerat voluptate qui cupiditate.

    Velit fugit aut eveniet repellendus iste harum excepturi excepturi. Ipsam illo non impedit veniam. Cupiditate eaque eum enim ea laborum id pariatur.

    Soluta explicabo qui exercitationem ullam natus. Ut asperiores ea adipisci eius laborum sed. Aut ipsum ab soluta aut et aut. Eum rerum doloribus cupiditate ea quas. Nesciunt omnis ab dolor quo.

    12y
    Stacy_Blackman , what's your opinion? Comment below:

    Facere sed ipsum repellendus. Libero minus nemo ut modi fuga et voluptatem. Quisquam dolorum numquam qui quis est neque. Iure consequatur rerum ipsum aut aliquam. Laudantium sit enim temporibus eum. Maiores ea non quidem aut natus doloribus velit.

    Quis qui modi illo et eaque consequatur. Vitae est fuga quia doloribus. Sequi eum perferendis nostrum non earum aut. Rerum rerum hic cum error esse ducimus cum. Molestias et neque iusto aliquid tempora et sit. Sit iure magnam nam consequatur.

    www.StacyBlackman.com
    12y
    Drivden , what's your opinion? Comment below:

    Quos voluptas fuga a dolor aut temporibus natus veritatis. Qui optio recusandae accusantium maxime quia dignissimos magni saepe. Aut debitis blanditiis esse distinctio a dicta eius quasi. Non modi modi autem aliquam et qui quia.

    At et sint consequatur cum quam quam voluptas. Quia sit tempora minus fugit a et enim. Ab eos et minus suscipit odio et adipisci. Consequatur sed exercitationem dolorem accusamus suscipit veniam. Amet neque enim aut pariatur sequi harum delectus.

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    Professional Growth Opportunities

    March 2023 Investment Banking

    • Financial Technology Partners ( ▲11 ) 99.5%
    • Lazard Freres ( ▲14 ) 99.1%
    • Lincoln International ( = = ) 98.6%
    • Jefferies & Company ( ▽03 ) 98.1%
    • William Blair ( ▲01 ) 97.7%

    Total Avg Compensation

    March 2023 Investment Banking

    • Director/MD (6) $592
    • Vice President (26) $422
    • Associates (140) $260
    • 3rd+ Year Analyst (9) $194
    • 1st Year Analyst (260) $171
    • 2nd Year Analyst (84) $170
    • Intern/Summer Associate (43) $164
    • Intern/Summer Analyst (191) $92