About Me

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Kollam, Kerala, India
I am living in a beautiful Village, Nedumpana in Kollam District. I spend my college days at Sree Narayana Polytechnic College, Kottiyam and Younus College of Engineering and Technology, Kollam. My working experience started at Kerala State Electricity Board as a Provisional Sub Engineer in the Office of Deputy Chief Engineer, Kollam and after that at TCMS, Kollam(Trouble Call Management System, A wing of KSEB for fault rectification). Finally at Reliance Infratel Ltd. Now I am doing my own business at Kannanalloor.

Financial Aid: Help Is On the Way

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July 14, 2010
 

MBA Express


NEWS  THIS WEEK'S TOP STORY
PAYING FOR COLLEGE
Financial Aid: Help Is on the Way
Changes to big financial aid programs, including federal student loans and Pell grants, will make more students eligible and terms more attractive


  MORE TOP STORIES

Salaries Down For Recent College Graduates
Just when you thought things couldn't get worse for recent college graduates, here comes another blow for those fresh to the job market.


The Greater Good: A Career Priority for Canadian Students
Canadians are super nice, eh? Here's some proof.

MBA JOURNAL: B-SCHOOL OVERVIEW
From MBA Candidate to Alum
"One of the things I'll miss is the opportunity to work on challenging projects with my friends, while still wearing my pajamas"


Business School, Explained
What Can An MBA Applicant Do To Stand Out?

 B-SCHOOL FORUMS
Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,359,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages:

Getting into B-School — What Is A Good GMAT Quant Score?

From: Gaochang
To: All
Hi, can someone tell me what would be considered a good score for the GMAT Math Section?

I got a 47 on Math, which is a 78th percentile. Is that just average?
From: SandytheJerk
To: Gaochang
49+
From: m7_grad
To: Gaochang
@Gaochang,

I'd say that the 78th percentile is 28 percentile points above average.
From: Wharton Alum â?" MBA Coach
To: m7_grad
While the previous post is correct of course, with the average being 50th percentile, the important questions are

1) What does the rest of your application look like? The rest of the GMAT, your undergrad GPA, work experience, volunteer work etc etc
2) What schools are you targeting?

GMAT is only one part of the application and I would not say that a 78th percentile would count you out of any school, if you have the rest of the package.

Wharton Alum - MBA Coach
From: pavement
To: Gaochang
A general rule I've heard is 80th percentile on each section yields a solid combined score: it likely puts you just over 700 and shows great balance.

80/80 is roughly (V37/Q48). Do you need 1 more point on Q? Probably not--how good is your V score is the real question. I had a Q48 on the nose and had a 99th percentile score... V is the real differentiator.
From: alcyber9
To: m7_grad
nice one!
From: Gaochang
To: Wharton Alum â?" MBA Coach
My Verbal is a 42 (95 percentile), which gives me a 720 overall. I'm targeting Columbia.


Getting into B-School — What Happened? What Next?

From: Roger3808
To: All
I didn't get into any of my target schools this year, and I'm curious to know what you think happened and what I should do next.

Here are my outcomes:

- CBS ED: Defer to RD, Ding
- Haas: Ding without interview
- NYU: WL after interview
- UCLA: WL after interview
- USC: Admit with 50% fellowship

Here are my stats:

- GPA 3.1; BS Business from a top 25 UG (slight downward trend overall; decreased volatility in later years; very slight upward trend in last 3 semesters)
- C- in Calculus on transcript but recently retook at community college and received an A
- GMAT 730/5.0 V45 (98%) Q45 (77%)
- 5 years (at matriculation) work experience with an investment advisory firm; two promotions; currently lead a small team of analysts
- 2 years (at matriculation) volunteer experience with national non-profit providing strategy consulting services to other non-profits
- 4 years (at matriculation) co-founder and officer of 8 member investment club (down overall, but beating S&P 500 inception-to-date)

I'm interested in a career in consulting while keeping an eye on real estate and entrepreneurship (two areas I haven't had much exposure to but would like to learn more about).

Based on this, would you suggest I take the 50% from USC this year or wait another year and reapply to NYU and UCLA? I've already quit my job and any improvement to my application would be through assisting a distant relative with his fairly sizeable manufacturing firm in China.

I'm at my wit's end with this whole process, and any advice would be greatly appreciated.

Thanks in advance,
Roger
From: pitt
To: Roger3808
You need essay help but why not take USC it's a great school?
From: essaysnark
To: Roger3808
EssaySnark guesses that yes, there maybe were problems with the essays, but even more so, there were probably issues with the interview. Not getting an offer after the interview -- at multiple schools -- indicates there's something flawed with the way you present. Or, maybe you didn't overcome the perception of quant weakness sufficiently. The high GMAT is almost entirely made up of verbal. The poor grade in Calc reinforces this impression. The subsequent A helps, but the adcom may still have had doubts. This was probably the issue at Haas.

While one essay review will not tell you everything, EssaySnark invites you to submit one of last year's essays -- maybe CBS or NYU essay 1 (essaysnark [at] gmail [you know the rest]). EssaySnark guesses that career goals were not stated appropriately, particularly given the career-change aspect. And something is happening in those interviews. Or, the possiblity is that there were too many better candidates in your pool. If you're an Asian male, and you applied in R2 last year, that alone could put you at a disadvantage at some places. (Obviously CBS was ED so this doesn't explain everything.)

The 50% money from USC is attractive, however because you made good progress at better schools, EssaySnark strongly feels you could do better than USC (no knock on USC, it's just USC). A reapp strategy is tough, it's not just about writing better essays, you do need something to say in them. Retest the GMAT and improve the quant would be ideal. You'll also need to be very strategic about how you spend your time since you've quit your job already (EssaySnark says, why did you do this??). This is going to be the trickiest part of your reapp. Use this time wisely.

EssaySnark helps people in this position every year and with the right approach on R1 apps, you should be able to crack the top 10, in EssaySnark's opinion. If you can afford to wait a year, given that you're moving to the "older" part of the spectrum, EssaySnark would be optimistic.

Good luck with it!
From: sacred
To: essaysnark
If you want to do real estate and entrepreneurship, USC is truly top notch in these areas. However, if you want to do consulting at the Big 3 (McKinsey, Bain, BCG) then USC is unlikely to get you there, though they do place plenty into second tier consulting. Of course, I wouldn't be too confident about tier 1 consulting with an admit to some of the other schools on your list either (NYU/UCLA), so at least USC offers strong opportunities in areas of interest.
From: JinShil2
To: Roger3808
It seems you suffered from some bad luck. Also, I would hire an admissions consultant for your 2nd set of applications.

USC isn't bad especially with 50% fellowship. I would think that is about as good UCLA or NYU FT without a fellowship.

If you are under 28, I would apply again next year to more schools. If you are over 30, then take the USC offer.

 B-SCHOOL BLOGS
View over 4,500 blogs in our MBA Blogs community today! Share your journey, meet new friends, and expand your network. Connect with MBA students, applicants and alumni from Columbia, Kellogg, Notre Dame, and more! Become a blogger today! Here's an excerpt:

Accepted
UNC Kenan Flagler 2011 MBA Essay Questions and Deadlines


By Linda Abraham

This UNC Kenan Flagler 2011 MBA Application tip post is one of a series of posts providing MBA application and essay advice for applicants to top MBA programs around the world. You can access the entire series at http://blog.accepted.com/acceptedcom_blog/tag/2011-mba-application-tips. My tips for answering Kenan Flagler's essay questions are in blue below. UNC Kenan Flagler 2011 MBA Essay Questions

Some applicants seek the MBA as a career enhancing tool to accelerate advancement in their current field. Career switchers want the MBA to help launch new career paths. UNC Kenan-Flagler recognizes each of these motivations as legitimate reasons to pursue the MBA, and we encourage both types of candidates to apply.

UNC Kenan-Flagler encourages you to assess your known talents and potential skills, understand your personal style, and confirm your values and interests. If you do this prior to beginning your MBA studies, you will be better equipped to navigate the many options the MBA program will provide. There is not enough time to do all the activities and take all the courses that will be available to you. It is important, therefore, to make your choices based on your own development plan. Think of the UNC Kenan-Flagler MBA application as a first step toward uncovering the unique attributes and goals that will inform your development plan. Please be thoughtful and reflective in your answer

Essay One (Required)

What are the 2 or 3 strengths or characteristics that have driven your career success thus far? What are the other strengths that you would like to leverage in the future? (500 words maximum)

Rather than list Strength 1, Strength 2, and Strength 3, I recommend you start with an anecdote that illustrates ideally 2-3 or your strengths and then analyze how they have contributed to your career success. Remember to describe your achievement in terms of impact and to quantify as much as possible. Another approach: Describe the accomplishment anecdotally and then go into the characteristics that contributed to it.

In both cases, also include a paragraph about a trait that you would like to use in future projects and successes.

Essay Two (Required)

Please describe your short and long term goals post-MBA. Explain how: your professional experience has shaped these goals; why this career option appeals to you; and how you arrived at the decision that now is the time and the MBA is the appropriate degree. (500 words maximum)

What do you see yourself doing immediately upon graduation and what would you like to do ten years from now? Describe why this path attracts you. What experiences have convinced you to pursue it? Why do you need an MBA, especially one with UNC's approach to business education, to proceed down your chosen path.

Essay Three (Required)

What personal qualities or life experiences distinguish you from other applicants? How do these qualities or experiences equip you to contribute to UNC Kenan-Flagler? (500 words maximum)

Everyone has a story. What's yours? What makes you unique? What hobbies and experiences will differentiate you from the IT guy, consultant, real estate developer, or banker that the adcom just read about? How will your perspective contribute to the classroom and community at Kenan-Flagler?

Essay Four (Optional)

If your standardized test scores are low, or if you have not had coursework in core business subjects (calculus, microeconomics, statistics, financial accounting), please tell us how you plan to prepare yourself for the quantitative rigor of the MBA curriculum. (300 words maximum)

This is pretty straightforward. Just answer it. You may also want to highlight professional preparation that you have already had in quantitative areas.

Essay Five (Optional)

Is there any other information you would like to share that is not presented elsewhere in the application? (300 words maximum)

My favorite: The optional essay. A gift allowing you to give the adcom one more reason to admit you.
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  B-School Insider
Dear Reader:

It was a short week for us last week thanks to the July 4 holiday, and a blisteringly hot one as well. Clam bakes may be fun, but not if you're a clam, which is what it felt like for the better part of the week.

That said, we still managed to make it in to the office, where some of us, at least, were productive. Alison Damast's story about the financial aid changes taking effect this year contains important information that will help students maximize their aid and avoid big mistakes. It should be read by anyone going to school this fall (or their parents).

One last thing: please welcome our summer interns, Sommer Saadi and Zach Tracer. Sommer hails from Plano, Texas, and recently graduated from Columbia University's Graduate School of Journalism. Zach, who comes from Maryland, is a senior at Duke and an education reporter for the student newspaper there. In coming weeks, you'll be seeing their names on stories and blog posts and slide shows.

So don't panic—they actually work here.

Louis Lavelle
Business Schools Editor
Bloomberg Businessweek

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