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The MBA Thread - Page 71

post #1051 of 1062
Quote:
Originally Posted by Khayembii Communique View Post

shog[1].gif
Yeah I absolutely loved it. Knocked my interview out of the park. Still rejected.

I think it's better anyways, at least now I'm in NYC which is where I ultimately wanted to end up anyways and the NYU/CBS MBA's are extremely well recognized/regarded in the city in finance because they're right there so it works out.

Tuck has such a small class that is makes admission a little more random than at other schools not to mention that it's very new england so it can be harder to get in if you haven't got any tie to the region
post #1052 of 1062
Quote:
Originally Posted by Khayembii Communique View Post

shog[1].gif
Yeah I absolutely loved it. Knocked my interview out of the park. Still rejected.

I think it's better anyways, at least now I'm in NYC which is where I ultimately wanted to end up anyways and the NYU/CBS MBA's are extremely well recognized/regarded in the city in finance because they're right there so it works out.


Having a friend in the part time program I've heard the same thing from them as well as seen it in practice. NYU is very well regarded.

 

There is always a really big recognition bump when you're in the same region as the school.

 

Welcome to NYC if you didn't already live here.

post #1053 of 1062
Regardless of the various online rankings, how to D.C. area B-schools rank in terms of reputation and name weight within the beltway? I have not been in the DC region very long and am just starting to look. I have not decided on whether or not I will go full or part-time. If I go full, I may look out of the area as well, for what it's worth.
post #1054 of 1062
Quote:
Originally Posted by Rugger View Post

Regardless of the various online rankings, how to D.C. area B-schools rank in terms of reputation and name weight? I have not been in the DC region very long and am just starting to look. I have not decided on whether or not I will go full or part-time. If I go full, I may look out of the area as well, for what it's worth.

I mean it's not nyc or Boston but gtown and Umd have good programs. Faculty at smith is consistently rated in top 5 of any program and ocs was rated 2 in the country last year.

Average grads were making 90k last class and it was only that low because a decent portion go into no profit or govt.

Finance and consulting are in the 110-120 range post grad.

Send me a pm if you have any specific questions on smith as I'm currently a first year


As far as I know gtown consistently places people on ws and smith has been sending a few there every year for the last five years. We have relationships with credis Suisse and ubs
post #1055 of 1062
Quote:
Originally Posted by OmniscientCause View Post

I mean it's not nyc or Boston but gtown and Umd have good programs. Faculty at smith is consistently rated in top 5 of any program and ocs was rated 2 in the country last year.

Average grads were making 90k last class and it was only that low because a decent portion go into no profit or govt.

Finance and consulting are in the 110-120 range post grad.

Send me a pm if you have any specific questions on smith as I'm currently a first year


As far as I know gtown consistently places people on ws and smith has been sending a few there every year for the last five years. We have relationships with credis Suisse and ubs

What did you do before you enrolled, if you don't mind my asking?
post #1056 of 1062
Worked in middle office at a custody bank for a little over 3 years
post #1057 of 1062
I'm having a hard time figuring out if an MBA and a future career in Management Consulting is right for me. Maybe someone, potentially with a similar background, can provide some input?

From what I've read, the work itself seems appealing, and the compensation is good, but realistically I’m not sure if I am skilled enough to get admission to a top B-school.

Some background: I’m 28, graduated with a degree in Electrical Engineering from a top Canadian school, although with a poor GPA (2.7).

I have been working for 4 years for a Fortune 500 Engineering Construction company. I work in the Project Controls department, and veered away from traditional design work. I deal with Contractor management, construction scheduling, project cost management/variances, Risk analysis etc. Essentially I’m an intermediate analyst/project manager.

Work itself is interesting, and aspirations for Project Management seem achievable within 10-15 years if I continue on this track. I just received my professional Engineering designation (requires 4 years of experience in Canada) and am working towards a PMP designation.

I’ve been promised more responsibility than what I believe I am capable of, but this industry seems to reward seniority more than capability and output. I am progressing well, but I had desires to achieve more at this age, and feel restricted. I feel like I am more business minded, personable, charismatic and extroverted than my role allows me to be. I spend a great deal of time working through spreadsheets, reports, analysis, E-mails. At a high level, the projects are very interesting, but I am often forced to be embedded grinding through the details.

The nature of this type of work requires me on average ~60 hours/wk and at remote construction sites for sometimes lengthy periods of time. So I don’t believe the long work hours of a consultant and varied locations would be a concern for me.

My questions:
- Would Management consulting provide the type of career change I am looking for in terms of potential growth and role responsibility?

- I have yet to attempt the GMAT, but I’ve always struggled with examinations. Even if I achieve something close to 700, a 2.7 GPA would severely restrict me. Would it be worth it to attend a school that wasn’t Top-20? I believe my work experience is strong, increasing responsibility, excellent references from VPs and Management and work on 3 different continents.

- I earn $130k to $150k (CAD) a year, depending on the amount of overtime, with an expectation that increases 5%, give or take, every year; will the compensation be considerably better?

- There is a good possibility an MBA would benefit me even if I return to my own industry, but taking two years off work and paying a considerable amount for an MBA may not be the best investment?

Thanks, any comments appreciated.
Edited by 1up - 1/20/15 at 10:04am
post #1058 of 1062
To give a short answer while I'm at work. You likely wouldn't find anything that different from your current career other than younger and more dynamic co-workers. You would have an uphill battle for B-school, put off two years of earnings plus lay out for expenses. 
 
If I were you I'd stick with your current role and see how you can express your charisma. Maybe in future roles or on the board of local charities. 
post #1059 of 1062
Quote:
Originally Posted by 1up View Post

I'm having a hard time figuring out if an MBA and a future career in Management Consulting is right for me. Maybe someone, potentially with a similar background, can provide some input?

From what I've read, the work itself seems appealing, and the compensation is good, but realistically I’m not sure if I am skilled enough to get admission to a top B-school.

Some background: I’m 28, graduated with a degree in Electrical Engineering from a top Canadian school, although with a poor GPA (2.7).

I have been working for 4 years for a Fortune 500 Engineering Construction company. I work in the Project Controls department, and veered away from traditional design work. I deal with Contractor management, construction scheduling, project cost management/variances, Risk analysis etc. Essentially I’m an intermediate analyst/project manager.

Work itself is interesting, and aspirations for Project Management seem achievable within 10-15 years if I continue on this track. I just received my professional Engineering designation (requires 4 years of experience in Canada) and am working towards a PMP designation.

I’ve been promised more responsibility than what I believe I am capable of, but this industry seems to reward seniority more than capability and output. I am progressing well, but I had desires to achieve more at this age, and feel restricted. I feel like I am more business minded, personable, charismatic and extroverted than my role allows me to be. I spend a great deal of time working through spreadsheets, reports, analysis, E-mails. At a high level, the projects are very interesting, but I am often forced to be embedded grinding through the details.

The nature of this type of work requires me on average ~60 hours/wk and at remote construction sites for sometimes lengthy periods of time. So I don’t believe the long work hours of a consultant and varied locations would be a concern for me.

My questions:
- Would Management consulting provide the type of career change I am looking for in terms of potential growth and role responsibility?

- I have yet to attempt the GMAT, but I’ve always struggled with examinations. Even if I achieve something close to 700, a 2.7 GPA would severely restrict me. Would it be worth it to attend a school that wasn’t Top-20? I believe my work experience is strong, increasing responsibility, excellent references from VPs and Management and work on 3 different continents.

- I earn $130k to $150k (CAD) a year, depending on the amount of overtime, with an expectation that increases 5%, give or take, every year; will the compensation be considerably better?

- There is a good possibility an MBA would benefit me even if I return to my own industry, but taking two years off work and paying a considerable amount for an MBA may not be the best investment?

Thanks, any comments appreciated.

I graduated with a 3.0 gpa from a no-name local public university. I worked two jobs after school, each in small no-name companies, before getting a job at a (small, no-name) private equity firm. Been working here a year. Interviewed at Booth, Tuck and NYU. Accepted at NYU. Still waiting to hear back from Columbia. B-schools are much, much more flexible and open to unique stories and situations than other businesses, so it's a good way to move up if you're not a traditional background. With that being said, it's very expensive when you consider both the cost and surrendered salary.

1. How many management consultants have you asked this question to?

2. I got a 750 on the GMAT. It was a challenge but not insane. With a 2.7 GPA you will have to get a GMAT score above the median score at the schools to which you apply. It would not be worth to attend a school that isn't top 20 for you. They will be much more forgiving of the 2.7 GPA if you get a high GMAT and take one or two classes to build an alternative transcript (with A's of course). Your international experience will be huge.

3. That's a decision you have to make for yourself.

If you decide to commit to MBA, I'd suggest the following:

1. Knock the GMAT out of the park. 730+
2. One or two courses with A's as an alternative transcript
3. Get significant non-profit experience to round out your resume (preferably board level or business/finance related)
4. Start outlining your leadership experience at work and crafting your story
post #1060 of 1062

1. Knock the GMAT out of the park. 730+

 - what does it mean?

post #1061 of 1062
Quote:
Originally Posted by Vennouem View Post

1. Knock the GMAT out of the park. 730+
 - what does it mean?

Score at least a 730 or higher on the GMAT.
post #1062 of 1062
Quote:
Originally Posted by Vennouem View Post

1. Knock the GMAT out of the park. 730+
 - what does it mean?

Maybe you aren't meant for b school
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