Am I a canidate for a top biz school?

Graduate School Business School - MBA
1

<p>I normally don't think I would have a chance at top schools. I really just got interested in getting my MBA a few months ago. </p>

<p>I am a senior in college and 20 years old. I currently go to Texas A & M. I will graduate this upcoming may after only 3 years of college. I will be getting my undergrad in economics. I have a 3.0 GPA. Obviously nothing to impressive so far. </p>

<p>However, I hope the next part might be able to set me apart.
I have started 2 business. One business i started with a friend. It made us each over $400,000 our first year (started when i was 18). </p>

<p>The second I just started 2 months with 2 other people in the business world. It is making around $30,000 a month now in profit. </p>

<p>I have not taken the GMAT test yet, I am assuming I could get around a 700 score. I got a 1450 on the SAT if that could be compared. </p>

<p>My question is: should I apply now? Will my 2 business make it possible for me to get into top schools? Or should I wait a year or two and continue building up my business? My only thought this doing this is that their is a possibility that the businesses fail and I might look "worse" in 2 years. Also the longer I wait to apply the less impressive successful business look. </p>

<p>Please let me know your opinions.</p>

2

<p>What do you consider a top business school? Top 50? Top 25? Top 15?</p>

<p>Each level is progressively harder. I think you could get into some schools in the 25-35 range.</p>

3

<p>I would prefer to go to a top 15.</p>

4

<p>I would doubt you could gain admittance in into a top 15 program after graduation. It would depend primarily on how you could dress up your business experiences.</p>

5

<p>So do you think it would be better for me to build my businesses for another year or so?</p>

6

<p>Why are you so quick to leave your business ventures? It seems to me that if you are able to sustain success you wouldn't need an MBA.</p>

7

<p>My business is extremely limited in growth. All my businesses have only only the partners as employees with very limited growth. I would like to build to something bigger and thing a business school would give me the skills to do that.</p>

8

<p>It sounds like you're an entrepreneur... If so, why not focus on the top ranked MBA programs in that area? For example, USNews ranks Babson #1 with Stanford, Harvard, Wharton and Sloan in the next 4 places. There are some other non-top 15 schools that have highly ranked Entrepreneur programs.</p>

<p>Babson admits 69% of applicants and the average GPA is 3.14 and GMAT is 623.</p>

9

<p>So, you are making $400,000 a year with this first company, but growth potential from there is limited so you want to drop that for an MBA? What am I missing here? Most MBA students would kill for a $400,000/year paycheck.</p>

10

<p>lol...john here is right...why would you want an mba with a 400K paycheck!!!</p>

<p>but yes,if u do well on ur GMAT and showcase ur business ventures effectively,id say uve got an excellent chance...</p>

11

<p>My business basically runs itself at this point. I wouldnt have to give up the 400k to get my MBA.</p>

12

<p>can I ask what sort of businesses these are? What sort of experiences do they offer you (from which you could contribute to a business school classroom)?</p>

13

<p>Yeah, I'm curious about what businesses these are too. That would help us to help you "frame" your experiences for a b-school application. Feel free to PM.</p>

14

<p>Going to B-school straight out of college is pretty damn hard. But you also come from an average school, sorry, and don't have a great GPA. I'm not sure why you would need an MBA, but I personally don't think that your outstanding entrepreneurial skills, which you clearly have, will make up for the rest. Also, why did you go to Texas A&M with a 1450? And can the 3.0 be attributed to laziness?</p>

15

<p>You're story is fishy. If you can make $400K/yr doing nothing I strongly suggest you start more businesses exactly like it. </p>

<p>What business schools want to see is someone who can grow and sustain the business. With the dot com bust we all saw take flash in the pan businesses that were not sustainable didn't take much business savvy. Most of those entrepreneurs are now in 9-5s.</p>

<p>Building a strong business over years would probably make up for a 3.0 at a mid tier college though.</p>

16

<p>He doesn't have a $400k business. He's the equivalent to those guys that post on financial forums asking 'what to do' with their $100k in their local bank's savings account. Bragging on the internet is such a waste of time.</p>

17

<p>I actually believe his story. You guys would be amazed to find out about the huge market that exists for prostituting sheep to the Texas A&M student body. He's obviously done well with this, but now that many big time aggie donors are getting in on the action he doesn't feel he can continue at the same level of success.</p>

<p>So now, he wants to attend a quality university for the first time in his life. It's understandable.</p>

18

<p>guys I have 5 billion dollars to spend... should I help bail out Bear Stearns?</p>

19

<p>
[quote]
guys I have 5 billion dollars to spend... should I help bail out Bear Stearns?

[/quote]
</p>

<p>That's an option, but have you considered going to a top business school? It's quite likely that you will qualify for a merit scholarship.</p>

20

<p>One of my online businesses has to do with affiliate marketing in the online poker industry. Online poker became illegal in the US last october so my business got cut down significantly. Most of the remaining market I have is based in Canada, and Europe. </p>

<p>The other business has to to with forex. I am a registered CTA (commodities trading advisor). </p>

<p>I dont care if you all belive the profit I have made off these busine</p>