Handicapping Your Shot At A Top School

After earning a finance degree from a liberal arts school in the Midwest, this 25-year-old professional has been working in corporate finance at a Fortune 100 company. He hopes an MBA will help him land a job at a hedge fund.

She’s an Ivy League grad who also boasts a master’s degree in arts history from one of Britain’s most prestigious universities. For the past five years, she has been working in merchandising analysis and strategy for an upscale retailer. Now, this 27-year-old Japanese-American woman is seeking an MBA to help her eventually start her own luxury label.

This 24-year-old Asian-American engineer applied to several top business schools in the past year with no success. So he plans on trying for a top ranked MBA again so he can leave his employer, a small biotech company, and work as a product manager for a Blue Chip firm in Silicon Valley.

Sandy Kreisberg, founder of HBSGuru.com

Sandy Kreisberg, founder of HBSGuru.com

What these MBA applicants share in common is the goal to get into one of the world’s best business schools. Do they have the raw stats and experience to get in? Or will they get dinged by their dream schools?

Sanford “Sandy” Kreisberg, founder of MBA admissions consulting firm HBSGuru.com, is back again to analyze these and a few other profiles of actual MBA applicants who have shared their vital statistics with Poets&Quants.

As usual, Kreisberg handicaps each potential applicant’s odds of getting into a top-ranked business school. If you include your own stats and characteristics in the comments, we’ll pick a few more and have Kreisberg assess your chances in a follow-up feature to be published shortly. (Please add your age and be clear on the sequence of your jobs in relaying work experience. Make sure you let us know your current job.)

For the first time ever, a consultant who applied to Harvard, Stanford, Columbia, Wharton and Booth this application cycle asks Sandy to guess his results. “Let’s see how close you get,” he wrote. Kreisberg rises to the challenge with a witty riposte.

Sandy’s tell-it-like-it-is assessment:

Business woman

Ms. Luxury Brand

 

  • 690 GMAT (will retake)
  • 1490 GRE
  • 3.4 GPA
  • Undergraduate degree in political science from Harvard/Yale/Princeton
  • 3.9 GPA
  • Associates in fashion design degree from a New York fashion school
  • Master’s degree in art history from Oxford or Cambridge
  • Work experience includes internships in college at the derivatives desk of a top investment bank; after realizing she hated the field, she has been working merchandising analysis and strategy for the past five years at three upscale department stores and vertical retailers with roles of increasing responsibility
  • Extracurricular involvement in collage as part of an elite music group that toured the U.S. and Europe; post-college volunteer in the arts for four years; volunteer supervisor for an after-school program that deals with underserved youth
  • Goal: To work in luxury retail strategy and eventually start her own luxury label
  • Fluent in Japanese
  • 27-year-old Japanese-American female
  •  “Sidenote: My older brother went to Stanford GSB and still keeps in touch with the faculty and program directors – not sure if that counts for anything however”

Odds of Success:

Columbia: 40%+
Stanford: 20%
London: 50%
INSEAD: 50%+
HEC Paris: 50%+
IMD: 50%+

Sandy’s Analysis: There is a place for luxury goods/arty chicks at schools like HBS, Wharton and Stanford, and man, you are close, with a classy H/Y/P education, elite music group experience, and jobs “in merchandising analysis and strategy for the past five years at three upscale department stores and vertical retailers with roles of increasing responsibility.”  Are those stores part of a brand?  Most luxury goods admits at top schools have worked for brands not stores, e.g. Vuitton, Chanel, Rolex, Prada, see this list (Louis Vuitton, Hermès, Gucci, Chanel, Cartier, Rolex, Hennessy, Moët & Chandon, Fendi, Burberry) all of which are billion-dollar companies and have analysts and strategists. I am assuming your “upscale department stores” and vertical retailers are also large enough in terms of sales and budgets to attract selective job applicants.

Your goal, “to work in luxury retail strategy and eventually start my own luxury label” sounds fine to me, but given the arts tilt to your story (masters degree in Art History, associate degree in Fashion Design) your desire to start a “label” can be misinterpreted as someone who really wants to be a designer and not a business executive. That is fine by me. Send me your first catalog, but schools may begin to wonder if you really need an MBA versus doing whatever designers do to get started. I would keep your goals real business-like, and stress the word “brand” not “label.” Being head of an innovative brand, which includes, clothes, watches, booze is actually better.

I don’t think you are getting into Stanford. There is not enough GPA/GMAT power here and not enough stardust besides to make them ignore your so-so GPA and GMAT. HBS would be a short reach and would depend on execution, strong recs, and the competition that year, to wit, the other 10-15 solid luxury goods applicants they consider strongly.

Wharton might feel that you would round out the class in terms of background and goals (the actual look and feel of the Wharton class is actually pretty luxe, stereotypes aside). You would need to be deadly serious and analytical in the app. Columbia might appreciate a higher GMAT if you retake it, and an early application, maybe even ED. You are in line there. Convince them you won’t have a problem getting a job.

“LBS, INSEAD, and maybe HEC Paris?” You should get into those schools on both numbers alone and the fact that your numbers come gift wrapped with a lot of interesting Euro-type jobs and extras plus the US luxury brand of an H/Y/P undergrad degree. To be honest, I am no expert in the ROI of attending those places. If you want a job with Vuitton, Chanel post graduation, that would be something worth looking into.

“Sidenote: my older brother went to Stanford GSB and still keeps in touch with the faculty and program directors – not sure if that counts for anything however.” Neither am I, but probably not much, unless you had some organized campaign to get into Stanford by leveraging your interesting extras and he was part of it, and involved some BFFs at the school, and you got lucky. Or unless he knows adcom director Bolton and gets him in a good mood, that could happen. Hint that a great scarf is in the offing.

  • Karel Koes Hiranjgarbh Missier

    I guess that there would be a normal conversion system. Karel Koes Hiranjgarbh Missier Paragh

  • Karel Koes Hiranjgarbh Missier

    Immigrant, female workers from rural areas in Chinese cities financially literate ? Thats quite a specialism, Karel Koes Hiranjgarbh Missier Paragh

  • risky

    Hi Sandy, could you please provide your analysis on my odds of getting into Columbia, NYU, Cornell, Emory, and Georgetown? I would also love your opinion on whether I am aiming for the right schools based on my candidacy? Here are my stats:

    GMAT: 750
    GPA: 3.42 in Finance from University of Texas
    Work Experience: Started in a rotational management training program at a top 20 Commercial Bank, spent time as an Enterprise Risk Management analyst, and currently a Model Risk Analyst (all within the same bank)

    Extracurricular: Served as VP for sorority in college and several leadership development and volunteer activities such as IRS income tax preparation. Post college- volunteer through employer and also part of an international woman’s advocacy group that volunteers.
    Goal: To develop expertise in financial risk management in order to provide consultancy services
    I am a 24 year-old Asian female

    thank you!!

  • Christian

    Mr. Kreisberg, could you do an assessment on my profile? Thanks a lot for your time.

    Mexican, Male, 25 years (26 by the time I submit my applications later this year).

    -Working in a boutique strategy and operations consulting firm (“big”
    in my city and Mexico City, some minor projects in South and Central
    America).
    -720 GMAT (49Q / 39V), took 3 times (first 2 attempts were 2 years ago, got 680 on both)
    -GPA: 3.0 / 3.1ish (on a 100 scale it is an 83/100 – I know I shouldn’t convert my grades and I won’t, this is just a reference)
    -Undergraduate from top engineering school in my country, major in Mechanical Engineering, minor in Business Administration.
    -Extracurricular:
    Currently coordinating (since early 2012) community project which
    consists in building homes for the underprivileged, as well as
    thoroughly designing economic activities for them (think big impact on
    few beneficiaries).

    -Took graduate level Corporate Finances from top tier graduate school in my country (got 93/100).

    -Post-MBA goal: Join a top tier Firm (MBB).

    Target Schools:

    -Sloan
    -Booth
    -Duke
    -Columbia
    -Darden

  • Christian

    Mr. Kreisberg, could you do an assessment on my profile? Thanks a lot for your time.

    Mexican, Male, 25 years (26 by the time I submit my applications later this year).

    -Working in a boutique strategy and operations consulting firm (“big”
    in my city and Mexico City, some minor projects in South and Central
    America).
    -720 GMAT (49Q / 39V), took 3 times (first 2 attempts were 2 years ago, got 680 on both)
    -GPA: 3.0 / 3.1ish (on a 100 scale it is an 83/100)
    -Undergraduate from top engineering school in my country, major in Mechanical Engineering, minor in Business Administration.
    -Extracurricular:
    Currently coordinating (since early 2012) community project which
    consists in building homes for the underprivileged, as well as
    thoroughly designing economic activities for them (think big impact on
    few beneficiaries).

    -Took graduate level Corporate Finances from top tier graduate school in my country (got 93/100).

    -Post-MBA goal: Join a top tier Firm (MBB).

    Target Schools:

    -Sloan
    -Booth
    -Duke
    -Columbia
    -Darden

  • nosferatudracon

    Thanks Sandy appreciate the insights. I started writing a bunch of details to fill you in, but since I agree that the specifics will not likely provide any better clarity, decided it wouldn’t really add any benefit.

    I just need to bite the bullet, apply, and see what happens.

    Thanks again!

    Nos

  • JcDubz

    Sandy, I’m a poet who’s planning on boosting my quant profile by taking some business courses next Fall, but, being that I don’t have a business background, I’m unsure how each field is perceived by the adcoms. Which is better for that, accounting, finance or stats (I have good calc grades and I know marketing is out). Does it matter? Thanks a ton!

  • Nick

    Hi Sandy – Would you please provide me with a quick analysis of my chances at a top 10 school (short list: Wharton, Columbia, LBS, Darden)?

    26 y/o, white, male

    GMAT: 750 (49Q, 44V)

    3.49 GPA from nationally recognized state school (Major: Accounting, Minors: Economics, and Int’l Business)

    Work Experience: 1 yr as investment adviser, 3 yrs as investment analyst at top investment consulting firm (primary clients are endowments and foundations) with increasing responsibility and a chance to move into a leadership position before applying to school

    Extra-Curriculars: – CFA Level III Candidate: I will have Level III results prior to applying, and be eligible for the CFA charter in February if I pass.

    – Member of the Program Board of a volunteer organization focused on providing education and job skills/opportunities for unemployed and underemployed people in the Washington, DC area. The organization also operates in New York and Jersey City. I have been involved with the organization for about 18 months.