First Top-20 B-School Admit!

I made it!! After being wait-listed after interviewing in Round 1, This has been a really long wait. I am so happy! ๐Ÿ˜€ ๐Ÿ™‚

As an early career candidate, I was only 22 when I applied! Considering that the average admitted applicant at this school is 28 with 5 years of work experience on average, I knew it was a long shot. So when the admissions director called me, I was on top of the world! ๐Ÿ™‚

Really excited, and I still have to hear back from the other school I have been wait-listed at. Waiting for my official admissions packet, fingers crossed for some form of financial aid.

Wait-listed

In December, I got wait-listed by both schools I interviewed with. I am expecting to hear back from both in the next 2 weeks.

When I started this process, I was hoping to hear back from B-schools with an admit by December or be rejected and then just move on with other plans.

Now I am in a limbo, because I’m not admitted anywhere yet and I have no clue whether I will be in B-School next year, and I also have not been rejected.

Meanwhile, I have started working on alternatives. Waiting is difficult, but I believe in Murphy’s law so I am working on a back-up plan (or several :P). I want a big career move this year, I want to progress.

Just the process of applying to B-School is something everyone should go through once in their life. It has made me patient. It has made me more self-aware. I have become more risk-taking when it comes to career choices and I have also begun to dream big. I know about more possibilities that exist beyond the traditional career path of an engineer. I know more about applicants from different careers. Also, once you take the decision to invest 150k in your future with no guarantee whatsoever, everyย other risk pales in comparison. No wonder B-School people seem so much fun and keep doing insane things. They’ve risked it all.

Chasing the MBA Dream as a young applicant

I am a young applicant trying to figure out my way in this complex MBA journey.

I am learning so much in this process and I thought of blogging about it. I hope this blog will help others on their journey.

Contemplating.. The Decision to get an MBA

Summing up the US MBA admissions process

Do I really want an MBA?

MBA Rankings and โ€˜Fitโ€™

How many Business Schools do I apply to?

DIY : Figuring out which B-Schools to apply to

MBA School Choices!

How many Business Schools do I apply to?

Every time I come across a profile of some one who has applied only to one or two schools, I feel a sense of panic within me. How on earth do I narrow down my school selection to one, two or at the most five schools?!

Like sure, maybe there are only a few schools that are my absolute dream schools, but what happens If I get accepted nowhere. :O I have seen way too many blogs of re-applicants who didn’t make it the first time. I do not think I have it in me to go through another year of this stressful application process.

So I sat down and did a LOT of introspection. I thought about every possible scenario and came up with a plan. But first let me talk about how I arrived at my conclusion.

Some things about me and how they factor into my decision:

  • I currently work in India, but My family will be in LA next year, so I probably will want to make a move to the US anyway. It looks unlikely that I will move there through my company, so I need to consider alternatives, if I don’t get into an MBA program of my choice.
  • I am from the Tech industry and I am looking to stay in Tech post-MBA. I want to be in either LA or the Bay Area ultimately, so schools with a strong West-coast presence make more sense.
  • My family will be in LA. I want to be able to visit them at least every couple months if not more frequently. I also might need to keep traveling to the Bay area while hunting for jobs and internships since that’s my target destination. Connectivity is a major factor. I will be looking at schools that have an airport nearby with easy connectivity to LA and the Bay area.
  • In the event I do not get an MBA, I might stay in the technical area of product development instead of moving to the management track. If that happens, I would need to look for opportunities to improve my technical expertise and grow, either on the job or through courses online or maybe even a master’s in a particular domain. However, this is the worst-case scenario when I cannot get an MBA and cannot go down the management track. So that’s my backup plan ๐Ÿ˜€ For now, MBA all the way!
  • Financial aid – I earn very less when my income is converted into dollars. Now, by purchasing power parity I am quite happy with my income here in India, but since I will be paying tuition and fees in dollars I definitely need some good financial package if I want to attend. I can take on loans, but again since I have almost no savings, it makes me very uncomfortable to have debt upwards of 150k at this age. I’m only 22 and I don’t want to be tied down with such a huge financial burden at an age I want to live my life and have fun ๐Ÿ˜€
  • Returning to India – I do not know how long I want to live in the US. Yes, I know that’s unusual, but I am actually open to returning here or elsewhere in the long term. If I don’t live in the US, it will be even tougher to pay back the loans, so I need minimal debt. That way I have the mobility to move anywhere I want, at any time. I don’t want to be tied down due to financial burden.
  • I personally have several reasons to believe that this is the perfect time for me to head to B-school. I know I might have higher odds with more work experience, but right now I am absolutely positive I want to start my MBA program in Fall 2017. ย If I’m unhappy with the admission results, I will accept the outcome, and move on to other things in life ๐Ÿ™‚ But while I am trying, I will give it my best! ๐Ÿ™‚ย So, It’s now or never!!

So I have decided to apply to some of my dream schools which are ambitious and the world’s most prestigious, schools I absolutely love and also have a moderate chance of getting accepted to based on stats and schools where I might be above the average stats, but I think I really will love being a part of the school culture, and also have chances for getting a scholarship!

Either way, If I get accepted to any of these, I will be very happy to attend, and I can’t go wrong with my decision ๐Ÿ™‚

If I do not get accepted, I will look for jobs in Tech in the US next year!