<p>mmmmh,---- I wonder if the scale varies based on a test-by-test basis. That would seem odd, but nothing the Educational Testing Service does surprises me anymore. Especially after that SAT flap with the soaked test papers causing 4,000 usual scores.</p>
<p>In this case, what would the schools do? Take a 740 from one test and equate it to a 720 from another test? and a 710 from a third? Not very likely--but what other choice would they have?</p>
<p>Also, note from your comments that a 740 then is a 99% only for 2004--so today it could be 760 or it could be 700. All depends on the test. Sounds like a real problem for the schools to sort out unless they either ignore the score and go with the percentile--or ignore the percentile and just go with the score.</p>
<p>The scale will not vary on a test-by-test basis. As I said, the scores will not fluctuate that much. A 99%ile will NOT fluctuate by 50 points in two years. I'll bet my life on it.</p>
<p>Was wondering what it would take to finally get into private equity/hedge funds, etc., would an mba be pretty much required in this instance? And if so, how much work experience to go along with it?</p>
<p>it is clear that alicantekid is right and I was wrong. The ETS has now standardized the 99 percentile at 750+ (at least since 2001), and the other percentages can be found on the second site above (693 would be about a 92% today)--which is maybe why I got a 750 on the second take of the test in 2000 when I was considering pursuing a PhD-my score is really no improvement since I had a 99% then, and this is a 99% today.</p>
<p>It also means that if you need about a 720 to be accepted to the top schools, this works out to a 96% score. (Keep in mind that the top-colleges average scores includes disadvantaged students with lower scores.)</p>
<p>And Citeruid, your question was covered in the undergrad business area in detail--but the answer given there was that it took either a finance degree and about 8-10 years in an ibanking firm, rising to managing director--and then going to the hedge fund--or an MBA and another 5 years with the ibanking firm still rising to MD--and then across to the hedge fund.</p>
<p>I think too many people get caught up with a school's average score. For example, in my class at Anderson, the average GMAT was something like 709, and the median was 700 I think. So when people are applying, they look at a school's average as some sort of magic number. A lot of people will get discouraged if they don't reach a school's average. What you should look at is a school's 25th-75th percentile scores. Usually you at least want to be within that range.</p>
<p>I was 40 points above Anderson's mean, which means that there was also probably someone 40 points below it. Just make sure you're a well-rounded candidate and don't get too caught up with the numbers.</p>
<p>Well, b-schools really like military experience. My roommate is a West Point grad and is now going into banking. But if you were in the reserve, I'm assuming you also had another job. What was it?</p>
<p>And I don't know how fast promotions happen in the reserves, but why are you only a second lieutenant after 5 years? Aren't you usually at captain by then?</p>
<p>are you going to be a full-time officer in the army or just in the reserve?</p>
<p>I'm sure 4 years or whatever in the army, full time, like going to Iraq, would qualify as work experience, but 2 weeks a year or whatever won't count.</p>
are you going to be a full-time officer in the army or just in the reserve?</p>
<p>I'm sure 4 years or whatever in the army, full time, like going to Iraq, would qualify as work experience, but 2 weeks a year or whatever won't count.
[/quote]
It won't count as work experience, because his full-time job should count as work experience.
What is better?
Same full time job
or
Same full time job + Army Reserve Officer</p>
<p>Another thing that I would like to add in is that while Signal Corps is most relevant to your profession, it probably offers fewer chances for promotion compared to infantry. And Army Reserves doesn't have as many slots for an MOS 11A (Infantry Officer) as the Army National Guard. There are also many more options available to 11As such as Airborne school, Air Assault school, and Ranger school among the few.</p>
<p>No not really. You'll find that the majority of the vets at the top b-schools are either very senior 1stLts(Navy JG) or Capts(Navy LT) - and their work experiences are entirely <em>active duty</em>. Most will have excellent leadership experience (platoon to company command) in both garrison and deployments(including combat). Besides, in your case, your 2ndLt rank will come only after you graduate and are commissioned. When you apply, you will likely have very little to talk about in the way of leadership (at least on the military side) based on your MOS and likely junior enlisted/NCO rank.
Your chances of getting into a top school w/o any post-BA full time work experience are pretty low.</p>
<p>Yeah, I would hardly put NYU as #6. I've always considered it more ~ #15. </p>
<p>I would say a consistent top 10 would go more like this:</p>
<p>Stanford
Harvard
Wharton
Kellogg
Tuck
UChicago
MIT
Columbia
UMichigan
UVA</p>
<p>I know at Tuck, there is about one person out of undergrad enter the MBA program ~ every 10 years and basically there is no one with < three years work experience and the ones with only three are by far the smartest people in the class. The %'s for GMAT scores have definitely come down over the last 10 years, which is probably why schools' averages have been going up. I know when I got a 720, it was the lowest 99% and a few years later a 720 was only 95%. I have no idea how schools compensate for this; it would be interesting. I think one way they make up for it is by not really caring. I had the impression that at a top 10 school when 720 was the lowest 99% and the GMAT average at the top 10 schools was ~ 680 that any score between about 650-740 was considered comparable and decisions were made on the remaining factors, but that a score of 750+ would stand out and a score of 640- would stand out, otherwise.</p>
<p>Also, I wouldn't be trying to enter an MBA program early based on becoming a MD in your early to mid '30's. I would say 90% of incoming analysts and associates never stay on to become an MD. In my analyst class, about 27% stayed on to become a third year analyst and 13% became an associate.</p>
<p>i just graduated from college and got a job doing IT for a financial services company. I want to go to Bschool in about 3 years and change the direction of my career. I want to go either into management, strat consulting, or finance. </p>
<p>My work experience is going to be mostly technical and I am not sure if admissions officers will look at this as a plus. </p>
<p>Now lets say I get into a good Bschool and after my first year of classes, try to go out and get an internship in finance or strat consulting. How will I be able to get a job in that field if I have no work experience in that field and my undergrad background is engineer. What do you guys think of my situation? WIll I be able to make it work and what should I do to position myself as best as I can? </p>