I am writing GMAT in 10 days to apply for an MBA for Fall 08. I have a MS in Computer Science but desperate to get out of my current IT job & relocate to Boston or NY. I think i'll score 650 on the GMAT. It is my understanding that if I score over 700+, I have a good chance in schools ranked #15 to #25 (leave aside other admission factors). With 650, I might have a good chance in schools ranked #26 to #40.
Alongside, usnews.com states that salary grade falls near $100K for people from #15 to #25 but abt $75K from #26+.
It's a rough estimate... I am already near the $70K mark. So should I apply for 2008 if I get 650 OR rewrite and apply for 2009 ?
Personally, I don't think I'll get more time to prepare on a 2nd attempt & quite unlikely that I'll cross 700 in the 2nd try. I am pretty desperate to get into a program & switch my career at the earliest but I'm told that if I don't do an mba from a high ranking school, i am just wasting my time.
Need some solid advice
2007-12-14 18:52:35 · 4 answers · asked by blueSquirt 1 in Education & Reference ➔ Higher Education (University +)
Additionally, the 2nd try would force me to stay in the same job & location for 1 more year. I've been suffering with that for the past 1 year.
2007-12-14 19:00:23 · update #1
One thing to realize is that the salary differential has a lot to do with prior experience. The lower the reputation of the school, the more students are enrolled right out of their undergraduate programs, and no one wants to pay a high salary like that for what is very much an entry-level job for someone who rushed through school. I've been teaching in MBA programs for almost 30 years, and the salary range is huge, so the average is meaningless - it doesn't mean that the amount listed is what you will be paid.
2007-12-14 20:25:00 · answer #1 · answered by neniaf 7 · 0⤊ 0⤋
No. Don't re-take it.
Also, you probably shouldn't worry about not making 6 figures after you graduate with an MBA either.
It seems like your problem is that you hate your current job and want to change careers - in which case an MBA would be the essential platform on which you can make that move. So, if you come out of the program making, say 85K instead of 115K, it's still worth it to yourself and your personal sense of happiness.
Also, if you can't do THAT much better on the GMAT..then there really is no point. Top MBA programs look at the quality of your work experience, and without a great record of success, leadership, and unique & entrepreneurial experiences, getting 30 more points on the GMAT won't help you much.
2007-12-16 18:09:53 · answer #2 · answered by SCX 2 · 0⤊ 0⤋
I think it is worth it. Not considering the money, it will give you the opportunity to go into a different field; one that you will enjoy. Without it, you will be stuck working at a job that you are "desperate to get out of".
2007-12-14 19:02:47 · answer #3 · answered by Mikki Sue71 4 · 0⤊ 0⤋
You just answered your own ?. Just do it again, and study really hard so you get above a 700.
2007-12-14 18:56:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋