So I just finished my second gmat and I am having a tough time deciding whether to apply now or wait until the fall.
I would prefer to wait until the fall and get some really good applications in but the situation is somewhat more complicated.
Tufts grad: GPA 3.5
gmat 1: 620
gmat 2: 720 (30 days later, thank you manhattan gmat!)
5 years hedge fund experience
I feel very late to the admissions process and would prefer to wait till fall, but I believe there is a 40% chance I will no longer be employed with this firm due to economic hard times. Between savings and severance this does not worry me. But do business schools much prefer to have an applicant be currently employed when applying?
I am also uncertain about "re-applying." I would like to apply to top schools and want to do my very best to get in. Some people say you can just simply re apply if you do not get in this year, while others say it is a disadvantage to apply third round and then re apply early in the fall. I feel like I would rather risk being unemployed and put in the best application possible early decision next fall.. what do you think?
To wait or not to wait! That is the question : )
Your response is so greatly appreciated!
Thanks
jwall341
GMAT Forum
2 postsPage 1 of 1
- MBAApply
There isn't a clear cut answer.
In short, adcoms do prefer to see that you're currently employed, but then again in this environment it's probably not uncommon for some admits to have been unemployed for a short time before matriculating.
If you haven't started on the applications and you can afford to wait another year, then wait rather than roll the dice in Round 3.
What I suggest you do is if you feel that there's a chance of getting the axe, figure out a Plan B NOW. Even if you don't have a full-time job or have no plans on looking for another job if you get the axe, have *something* productive lined up - whether it's some extensive volunteer gig at a nonprofit/thinktank/whatever lined up, a full-time missionary work (if you're the religious type) or something that involves having responsibility in a group situation even if you're not getting paid for it. Get creative. Volunteer your efforts on producing a documentary. Get involved in some political organization. Get a teaching gig of some sort. Something that will get you out of your house/apartment on a regular basis.
Alex Chu
alex@mbaapply.com
www.mbaapply.com
http://mbaapply.blogspot.com
In short, adcoms do prefer to see that you're currently employed, but then again in this environment it's probably not uncommon for some admits to have been unemployed for a short time before matriculating.
If you haven't started on the applications and you can afford to wait another year, then wait rather than roll the dice in Round 3.
What I suggest you do is if you feel that there's a chance of getting the axe, figure out a Plan B NOW. Even if you don't have a full-time job or have no plans on looking for another job if you get the axe, have *something* productive lined up - whether it's some extensive volunteer gig at a nonprofit/thinktank/whatever lined up, a full-time missionary work (if you're the religious type) or something that involves having responsibility in a group situation even if you're not getting paid for it. Get creative. Volunteer your efforts on producing a documentary. Get involved in some political organization. Get a teaching gig of some sort. Something that will get you out of your house/apartment on a regular basis.
Alex Chu
alex@mbaapply.com
www.mbaapply.com
http://mbaapply.blogspot.com
2 posts Page 1 of 1