I haven't yet applied, just finishing up my apps, but talking to some people as well as reading some blogs it looks crazy to be crazy this year. Someone was telling me you need at least a 760 to get into a school like Cornell. However I am beginning to rethink this idea. I just need to find a new job, but if I can find a job it will be with a pay cut. I guess I was drawn by the money of bschool, but I am seriously wondering if it is worth it. With millions of people losing jobs in the financial industry why is everyone flocking to it? It looks like a 700 this year is going to be considered a bad score.
I'm applying but I need to take the GMAT first. I suck horribly at standardized tests so I'm taking Kaplan in January of 09. 700 is a really good score. Isn't that around the 92th percentile? I think B-school is worth it. The education is decent, but its the contacts you get that make B-school worth its pricetag. There high paying jobs available, just no talent to fill them. With the right contacts, you can jump through alot of HR filtering and get into an interview. Once your in, you can convince anyone that you have enough of the desired skillsets to fill a position. But who am I kidding, b-school will be hard to get in with this slumping economy. But with more unemployment and increased applications, schools are forced to open their doors. It should be balanced on who they can take in. If you got a 750 and you have great work experience, you could get into Cornell. Goodluck on your admissions process, I'm right behind ya!
Dude, you do NOT need a 760 for Cornell. It will definitely help, but the GMAT is one of many predictors. GPA, GMAT, prior job experience, recommendations, interview are all very important components. They're ranked between 10-20 on average. The acceptance rate before the economic slow down was around 25%, and the average score is around 700. If you're thinking about an ivy league school, cornell actually had the highest acceptance rate. Last year the hardest school to get into was Stanford at 8%, followed by Harvard at around 14%. Even the "best" school Upenn accepted 19% of students. Of course, this was before the recession where schools have seen an increase of about 20-30% more applicants.
briefly considered it, but I just started at a new job this year so I'll give that some time. Maybe next year..
These days, it's probably a wiser choice to go into Criminal Justice and specialize in white collar crimes.
I think it's worth it if you get into a top 20 school. Otherwise, probably not. Most people go to b-school to switch careers (i.e., from tech to business, from engineer to manager, etc.). Unless you have contacts that are in very influential positions, the prestige of the school is the only thing that will convince the person hiring you that you can switch into a different job without any substantial experience in that job.
No more law school flirting? Law school is way better than BShcool. J/K, no offense to you BSchool people.
Just make sure if you get in don't celebrate too right away. Kellogg applicants accepted, then rejected Northwestern University's prestigious Kellogg School of Management this week erroneously sent notices of acceptance to 50 applicants it had decided to reject. The applicants are not happy. One of them, a 28-year-old Chicagoan, excitedly phoned his parents and enjoyed a celebratory dinner Monday after being notified by e-mail that he had been accepted. But the next morning, when the Lincoln Park research analyst logged onto the college's Web site to learn more about enrolling, he found out he actually had been rejected. "It was pretty embarrassing, to be honest," said the young man, who asked that he not be identified because he has applied to other schools and not informed his employer. "It's like you won the lottery and had the rug pulled out from under you." Northwestern officials described the error as a "technological glitch" isolated to the Kellogg school. "It is a very unfortunate error," spokeswoman Megan Washburn said. "We are working to reach out to each [affected] candidate. ... It was 50 candidates, which is less than 1 percent of all applications that we will receive this season." The school will reimburse each of the wrongly informed candidates their $235 application fee, she said. Kellogg typically accepts 17 percent to 18 percent of the 5,500 applicants for the full-time graduate program, she said. "Certainly we're very, very sorry," Washburn said. "It's an isolated incident and something we definitely have corrected and will work to ensure it never happens again." She said the school's automated mail-merge process mistakenly attached acceptance letters to candidates who had been declined. The Kellogg Web site has the correct information when applicants log on to check their status, Washburn said.
Yes, if you enjoy spending hundreds of hours reading instead of partying your ass off for two years. And, no, you don't need a 760 to get into Cornell. There average is probably in the mid-high 600's.
All I want to do is get into UT, but people are scaring me telling me crazy stuff like this. Also being an Indian Male doesn't help things.
I'm Class of '08, and VecseySux is Class of '07. The only ones that need a mid-700's score are the international students. Your essays and interview carry far more weight than your GMAT.
Very few people get the opportunity to do white collar work during the first 5 to 10 years of their career. Unless you end up working for the DOJ or SEC, or somehow get hired as an associate at a big firm that does white collar, you're looking at many years of traditional criminal law (starting at the very bottom) with the hope of someday getting an opportunity to prosecute or defend white collar cases. It's kind of like a talk I went to in law school about how to become an international lawyer. The speaker was a senior partner at Haynes & Boone. He said the first step to practicing international law was to get hired at a big firm and MAKE PARTNER. After 5 to 7 years as a partner at a big firm, then you'll start getting opportunities to work on international cases. Nice. What a great thing to say to an audience of which maybe 10-15 percent would get hired by a big firm out of law school.
My friend at Harvard Business school is panicking these days because the job offers he has been receiving have been lower than his pre-MBA salary. Bad timing for those about to graduate now.
We probably don't have to worry about Harvard kids. For the rest of people, just stay put, even if you didn't go to school, it ain't going to be fun at work with the way how economy is going. Investing in education at a bad time is a smart move IMO. Look the long run.
But great for those just entering because by the grace of God things might pick up a bit in the next year or two.
Curious what type of salary are MBAs getting fresh out of school? How about 5 years down the line? I know it varies in both cases but just a general idea. I've thought about it on and off for a long time but it would likely be a very big pay cut for me. Currently I'm in IT and make good money, but long term I'm not sure if I keep on the bleeding edge to keep my income this high. So it makes sense that one day I'd be moving away from being highly technical to... something else, whatever that might be.
