1st GMAT 600, 2nd 510


Hi guys,

I am 33, from Turkmenistan, and have 11 years of work experience, including 7 years on managerial positions in an international company. I took my 1st GMAT a month ago and the 2nd few days ago. While I hoped to improve my score the 2nd time, it went down. After seeing 510 in my 2nd GMAT, I cancelled the score. It is very sad. I took the 2nd GMAT, because I came back late to my seat for the quant section in my 1st GMAT and missed 2-3 minutes. Then I got nervous and couldn't manage my time very well. I think I managed my time quite well in the 2nd GMAT, but still don't know how it could happen that my score worsened for 90 points. Now I don't know, if I should retake the GMAT or if I should apply with my best score of 600. I am planning to apply for the Fall 2017. My another problem is that my GPA is low, I think it is about 2.47/4.00 when converting into the American scale. That's why I wanted to score higher than 650 in order to be considered for the schools such as Texas Baylor, Oklahoma Price, Mccombs, Mays and so on. Can anyone advise me what to do. Thanks.

Regards,
Shohrat

[Edited by shohrat6383 on May 13, 2016]

Hi guys,

I am 33, from Turkmenistan, and have 11 years of work experience, including 7 years on managerial positions in an international company. I took my 1st GMAT a month ago and the 2nd few days ago. While I hoped to improve my score the 2nd time, it went down. After seeing 510 in my 2nd GMAT, I cancelled the score. It is very sad. I took the 2nd GMAT, because I came back late to my seat for the quant section in my 1st GMAT and missed 2-3 minutes. Then I got nervous and couldn't manage my time very well. I think I managed my time quite well in the 2nd GMAT, but still don't know how it could happen that my score worsened for 90 points. Now I don't know, if I should retake the GMAT or if I should apply with my best score of 600. I am planning to apply for the Fall 2017. My another problem is that my GPA is low, I think it is about 2.47/4.00 when converting into the American scale. That's why I wanted to score higher than 650 in order to be considered for the schools such as Texas Baylor, Oklahoma Price, Mccombs, Mays and so on. Can anyone advise me what to do. Thanks.

Regards,
Shohrat
quote
Duncan
Retake it. You know what went wrong and that won't happen again.
Retake it. You know what went wrong and that won't happen again.
quote
Ayon
Shohrat,

Don't worry about it, you can always retake the GMAT. I had to take the GMAT 4 times over a span of 3 years. My scores were 600, 610, 630, 630. As you can see this is a flat line with little improvement.

I attended a conference at American University in Washington DC. There GMAC representative told us about the new GMAT (new features) Now, you can select which sections you can attempt first.
Also, ow after seeing your score you can Cancel it. and NO ONE would know. This is a change from earlier GMAT where even if we cancel the score it would be reported as such to B Schools - inviting questions from MBA admissions.

Did you talk with Price and Baylor to see how do they respond with your 600 GMAT? Did you use WES or ECE to convert your undergrad GPA? Undergrad GPA plays significantly into someone with little or no work experience. You have 11 years of work experience. your undergrad will have little impact - so don't worry about it.
Shohrat,

Don't worry about it, you can always retake the GMAT. I had to take the GMAT 4 times over a span of 3 years. My scores were 600, 610, 630, 630. As you can see this is a flat line with little improvement.

I attended a conference at American University in Washington DC. There GMAC representative told us about the new GMAT (new features) Now, you can select which sections you can attempt first.
Also, ow after seeing your score you can Cancel it. and NO ONE would know. This is a change from earlier GMAT where even if we cancel the score it would be reported as such to B Schools - inviting questions from MBA admissions.

Did you talk with Price and Baylor to see how do they respond with your 600 GMAT? Did you use WES or ECE to convert your undergrad GPA? Undergrad GPA plays significantly into someone with little or no work experience. You have 11 years of work experience. your undergrad will have little impact - so don't worry about it.
quote
Hi Ayon,

Thanks!
I've heard about that new feature of GMAT, but haven't heard that it will be implemented. I only used WES free GPA calculator to convert my GPA (2.41/4.00). Maybe I should think of getting it converted officially.?!

I talked to the following schools and they replied me in the following way:
1) Price: It is possible that you could be admitted, but we unfortunately wouldn’t be able to offer you any financial assistance. While your work experience is very strong, your GMAT score is below our average, and all of our scholarships require the applicant to have at least a 3.0 GPA. Again, we wouldn’t be able to offer you a scholarship or assistantship.
2) Baylor hasn't replied to me. Maybe I should email other members of the adcom.
3) McCombs: Thank you for your interest in the full-time Texas MBA program at the McCombs School of Business. The McCombs Admissions team will evaluate your application holistically. There are no fixed criteria or weighted portions of the application. Each aspect of your application should reflect what you will contribute to and learn from the McCombs MBA program. We recommend that you submit only when you feel like your application best represents you. The current class profile on our website can be used as a guideline as you assess your application.
4) LSU: I’m happy to hear of your interest! I encourage you to apply because each student is evaluated based on their own qualifications. I do not have a role in the admissions decision, but I will tell you that not meeting one of our criteria does not automatically disqualify you from admission. Scholarships are considered the responsibility of the individual, so it would be up to you to find and earn a scholarship. You can apply for a graduate assistantship, which would allow you to work on campus for up to 20 hours a week in exchange for a partial tuition waiver and a monthly stipend. Most of our students choose that route, as it tends to lessen the cost of the program. It would also waive the out-of-state cost for you as an international student.
5) Bauer: We are happy to hear of your interest in the Bauer Full-Time MBA program. We welcome you to apply for Fall 2017. The application is not currently open, but you are more than welcome to begin gathering your application’s supporting documents. We will be begin accepting applications for Fall 2017 between December 2016 and January 2017. There are many scholarships that are available to Bauer MBA students once they have started the program. There is one scholarship that is offered at the time of admissions which is the Bauer Excellence Scholarship. Please click here to learn more about the BES. One factor of BES is that an applicant demonstrates above average academic achievement with a competitive GMAT or GRE. The average GMAT of recipients of this scholarship is a 650.
6) Mays: Acceptance to our programs is based on a well-balanced application package which is judged after submission. I’m afraid we cannot estimate ahead of time whether or not you would be likely to be accepted.
7) McCoy: Based on the qualifications you described I think you would have a competitive application to the program, in spite of your relatively low GPA. Of course I am not on the admissions committee so I cannot speculate as to their final decision but I do think it would be worth your time in applying. With respect to scholarships, that process is independent of the admissions process but with a high GMAT score you would be eligible to apply for McCoy scholarships and fellowships.
8) UNT: We would be happy to consider you for admission, if you follow the steps outlined on our website at http://www.cob.unt.edu/programs/masters/international_student_application_process.php
We cannot tell you what your chances of admission are until you have applied fully to the program. Unfortunately we do not offer admission scholarships, however if you are admitted to the program and do well in your first semester, you can apply for scholarships for the following semester/year.

Excuse me for putting their responses here, but I thought that it will be more clear to do so than to try to convey their meaning in my own words. What do you think about their feedbacks? I think the chances to get admitted and to receive a scholarship or assistanship are highest with LSU and McCoy right now. So maybe I should try to improve my GMAT score in order to get the interest of more reputable schools.

Best,
Shohrat
Hi Ayon,

Thanks!
I've heard about that new feature of GMAT, but haven't heard that it will be implemented. I only used WES free GPA calculator to convert my GPA (2.41/4.00). Maybe I should think of getting it converted officially.?!

I talked to the following schools and they replied me in the following way:
1) Price: It is possible that you could be admitted, but we unfortunately wouldn’t be able to offer you any financial assistance. While your work experience is very strong, your GMAT score is below our average, and all of our scholarships require the applicant to have at least a 3.0 GPA. Again, we wouldn’t be able to offer you a scholarship or assistantship.
2) Baylor hasn't replied to me. Maybe I should email other members of the adcom.
3) McCombs: Thank you for your interest in the full-time Texas MBA program at the McCombs School of Business. The McCombs Admissions team will evaluate your application holistically. There are no fixed criteria or weighted portions of the application. Each aspect of your application should reflect what you will contribute to and learn from the McCombs MBA program. We recommend that you submit only when you feel like your application best represents you. The current class profile on our website can be used as a guideline as you assess your application.
4) LSU: I’m happy to hear of your interest! I encourage you to apply because each student is evaluated based on their own qualifications. I do not have a role in the admissions decision, but I will tell you that not meeting one of our criteria does not automatically disqualify you from admission. Scholarships are considered the responsibility of the individual, so it would be up to you to find and earn a scholarship. You can apply for a graduate assistantship, which would allow you to work on campus for up to 20 hours a week in exchange for a partial tuition waiver and a monthly stipend. Most of our students choose that route, as it tends to lessen the cost of the program. It would also waive the out-of-state cost for you as an international student.
5) Bauer: We are happy to hear of your interest in the Bauer Full-Time MBA program. We welcome you to apply for Fall 2017. The application is not currently open, but you are more than welcome to begin gathering your application’s supporting documents. We will be begin accepting applications for Fall 2017 between December 2016 and January 2017. There are many scholarships that are available to Bauer MBA students once they have started the program. There is one scholarship that is offered at the time of admissions which is the Bauer Excellence Scholarship. Please click here to learn more about the BES. One factor of BES is that an applicant demonstrates above average academic achievement with a competitive GMAT or GRE. The average GMAT of recipients of this scholarship is a 650.
6) Mays: Acceptance to our programs is based on a well-balanced application package which is judged after submission. I’m afraid we cannot estimate ahead of time whether or not you would be likely to be accepted.
7) McCoy: Based on the qualifications you described I think you would have a competitive application to the program, in spite of your relatively low GPA. Of course I am not on the admissions committee so I cannot speculate as to their final decision but I do think it would be worth your time in applying. With respect to scholarships, that process is independent of the admissions process but with a high GMAT score you would be eligible to apply for McCoy scholarships and fellowships.
8) UNT: We would be happy to consider you for admission, if you follow the steps outlined on our website at http://www.cob.unt.edu/programs/masters/international_student_application_process.php
We cannot tell you what your chances of admission are until you have applied fully to the program. Unfortunately we do not offer admission scholarships, however if you are admitted to the program and do well in your first semester, you can apply for scholarships for the following semester/year.

Excuse me for putting their responses here, but I thought that it will be more clear to do so than to try to convey their meaning in my own words. What do you think about their feedbacks? I think the chances to get admitted and to receive a scholarship or assistanship are highest with LSU and McCoy right now. So maybe I should try to improve my GMAT score in order to get the interest of more reputable schools.

Best,
Shohrat
quote
Duncan
This reminds me of: The sad facts about scholarships http://www.find-mba.com/board/37055

PS I love the really EXCELLENT guidance from Avon below.

[Edited by Duncan on May 13, 2016]

This reminds me of: The sad facts about scholarships http://www.find-mba.com/board/37055

PS I love the really EXCELLENT guidance from Avon below.
quote
Ayon
@Shohrat,

Let me tackle your application aspects one by one.

1) GPA: DO NOT convert your GPA to a US 4.00 scale. I have a 6.3 GPA on a 10 scale. And I received admits from US / French Universities. No one asked me to convert my GPA.

Going forward Don't mention your GPA to other B schools, unless they ask for it. And when they ask, give them the unconverted score that you received in your university, was it percentage based or on a scale of 10 or on scale of 5. Whatever that may be.

2) Your GMAT might be lower than avg. GMAT for many schools. But that's why you use your experience to differentiate yourself and to write good essays to overcome your less than perfect GMAT.

3) Your nationality. This can be your big card. Next time when you talk with B school. Ask them if they can put you in touch with someone who came from Turkmenistan and graduated from their school. Chances are there was no one. Now you use this as your bargain chip. Imagine that you'll be the first guy from Turkmenistan to atten XXX B school. What can the Admissions committee of XXX B school do to make it happen.

4) Schools. From the response you have provided McCoy (Texas State), LSU, UNT and Bauer definitely wants you to apply to them.

But i would stay away from them. You can get into a better B school..

5) Admit vs Scholarship: Read the article Duncan has posted. You have to come up with a decision. Do you want to join an unknown - unranked B school and get some amount of scholarship OR do you want to get into a relatively better school (ranked/known) and get no scholarship??

6) Location: I know because of Oil&Gas industry you are focused on the Texas region. But if it comes to it - decide between getting a good education vs location.

University of Northen Texas will not open any doors for you. I don't think doing MBA from there will do anything for you to find employment in Oil and Gas even with location in Texas.

7) Focus on your function: Well I know you want to get into Oil/Gsa/Energy Industry. But what function do you want to get into ? Finance, Operations, Supply Chain, Marketing?

I told you earlier also that you may look at Penn State, Michigan State, Arizona State.

Tell them you are from Turkmenistan and have 600 GMAT with 11 years of experience. Don't mention GPA. See what happens.
@Shohrat,

Let me tackle your application aspects one by one.

1) GPA: DO NOT convert your GPA to a US 4.00 scale. I have a 6.3 GPA on a 10 scale. And I received admits from US / French Universities. No one asked me to convert my GPA.

Going forward Don't mention your GPA to other B schools, unless they ask for it. And when they ask, give them the unconverted score that you received in your university, was it percentage based or on a scale of 10 or on scale of 5. Whatever that may be.

2) Your GMAT might be lower than avg. GMAT for many schools. But that's why you use your experience to differentiate yourself and to write good essays to overcome your less than perfect GMAT.

3) Your nationality. This can be your big card. Next time when you talk with B school. Ask them if they can put you in touch with someone who came from Turkmenistan and graduated from their school. Chances are there was no one. Now you use this as your bargain chip. Imagine that you'll be the first guy from Turkmenistan to atten XXX B school. What can the Admissions committee of XXX B school do to make it happen.

4) Schools. From the response you have provided McCoy (Texas State), LSU, UNT and Bauer definitely wants you to apply to them.

But i would stay away from them. You can get into a better B school..

5) Admit vs Scholarship: Read the article Duncan has posted. You have to come up with a decision. Do you want to join an unknown - unranked B school and get some amount of scholarship OR do you want to get into a relatively better school (ranked/known) and get no scholarship??

6) Location: I know because of Oil&Gas industry you are focused on the Texas region. But if it comes to it - decide between getting a good education vs location.

University of Northen Texas will not open any doors for you. I don't think doing MBA from there will do anything for you to find employment in Oil and Gas even with location in Texas.

7) Focus on your function: Well I know you want to get into Oil/Gsa/Energy Industry. But what function do you want to get into ? Finance, Operations, Supply Chain, Marketing?

I told you earlier also that you may look at Penn State, Michigan State, Arizona State.

Tell them you are from Turkmenistan and have 600 GMAT with 11 years of experience. Don't mention GPA. See what happens.


quote
yipkc
Totally agree with Ayon! Look at Penn State, Michigan State and Arizona State! They have good business schools.
Totally agree with Ayon! Look at Penn State, Michigan State and Arizona State! They have good business schools.
quote
This reminds me of: The sad facts about scholarships http://www.find-mba.com/board/37055

PS I love the really EXCELLENT guidance from Avon below.


Duncan,
Thanks a lot for the great post about scholarships.
[quote]This reminds me of: The sad facts about scholarships http://www.find-mba.com/board/37055

PS I love the really EXCELLENT guidance from Avon below.
[/quote]

Duncan,
Thanks a lot for the great post about scholarships.
quote
Ayon,

I really appreciate your guidance. You have given me so many good pieces of advice since I came to this forum.
Actually I looked at Penn State, Michigan State and Arizona State after you advised me to do so. I like those schools. But I thought that they are just too difficult to get a scholarship or other types of financial aid. So I didn't contact them. Now I understand what options (Admit vs Scholarship)I have.
This morning I emailed those three schools and will see what they reply to me.
Can I work for my current company while pursing the degree? Will I have extracurricular time to do that? I think I will need about 1-2 hours each day for that. If I can do that, my boss may agree to provide some financial support for my MBA.

Best,
Shohrat

[Edited by shohrat6383 on May 14, 2016]

Ayon,

I really appreciate your guidance. You have given me so many good pieces of advice since I came to this forum.
Actually I looked at Penn State, Michigan State and Arizona State after you advised me to do so. I like those schools. But I thought that they are just too difficult to get a scholarship or other types of financial aid. So I didn't contact them. Now I understand what options (Admit vs Scholarship)I have.
This morning I emailed those three schools and will see what they reply to me.
Can I work for my current company while pursing the degree? Will I have extracurricular time to do that? I think I will need about 1-2 hours each day for that. If I can do that, my boss may agree to provide some financial support for my MBA.

Best,
Shohrat
quote
Duncan
A quick comment on that. I continued to work, around an hour or two a day, while studying full-time in the MBA at Dartmouth. I just woke up an hour early and did it. The important thing was to set the expectation: I'll work once a day, at that time of day, and then perhaps be able to give quick, short responses to emails in a second slice at the end of the day. But it was very hard. I missed out on focus. My mind was always full of too many things. I didn't fully benefit from the MBA experience. It was hard to keep the expectations in line with reality.
A quick comment on that. I continued to work, around an hour or two a day, while studying full-time in the MBA at Dartmouth. I just woke up an hour early and did it. The important thing was to set the expectation: I'll work once a day, at that time of day, and then perhaps be able to give quick, short responses to emails in a second slice at the end of the day. But it was very hard. I missed out on focus. My mind was always full of too many things. I didn't fully benefit from the MBA experience. It was hard to keep the expectations in line with reality.
quote
Duncan,
My boss wishes that I would do some work for the company while I will be studying. That's why I asked this question. I am happy to hear about your similar experience.
Duncan,
My boss wishes that I would do some work for the company while I will be studying. That's why I asked this question. I am happy to hear about your similar experience.
quote
Ayon
@Duncan: thanks for your kind comments

@Shohrat: Doing work for your employer might be possible - but difficult. I cannot speak for other MBA programs but my 1st year in William & Mary was intense.

Time management becomes the biggest task for the whole of 1st year. I had financial constraints so I did not have a car, which meant that getting to school - which was 1.3 mile - took a good 30 mins either by walk or by bus (because bus will go around and not straight). Doing simple things as buying bread and eggs from a grocery store meant a 2-3 hour affair because I had to take the bus which would go around the campus to the store, and run after every 30 mins.
Then there was cooking, if you want to save money you cook but it takes up time.
Also English is not my first language, now I can communicate in English just fine - but my reading speed is slower than Americans, so it meant that where it took 30-40 mins to Americans to read the assignment and attempt the questions, it took me 2 hours to do so.

It also took me time to adjust to the US education system. In US you are supposed to read the chapter/assignment before coming to class. You are supposed to do answer all the questions before coming to class. In the class you discuss your solution with other students, the professor facilitates the discussion. In contrast, back in India, we go to class expected to be taught, then go home and do the assignment.

Long story short. A lot will depend upon the city where you live, your financial condition. Will you have a car? How far will you stay? Can you live on subway sandwiches?

My suggestion will be to figure out what your financial constraints are, e.g. let's say without your employer you can manage $55,000 in tuition and $1,000 x 12 x 2 = $24,000 for cost of living for two years. Now with $55,000 tuition what's the best school you can get into?
Then see the Avg. GMAT for those schools. If you are interested in the William & Mary MBA let me know. Now W&M won't give you access to Texas Oil & Gas companies - you'll probably need to network and find a job on your own - but W&M will give you a solid education.

However, you still need to decide on your Function. Also with your experience I would suggest you to look at Consulting. E.g. PwC might hire candidates from University of Texas at Knoxville for Supply Chain. Now you would make an excellent consulting candidate for someone having SCM functional knowledge, Oil & Gas Industry knowledge, managerial skill and MBA from a school that has some relationship with a company where you want to work. (PwC, UT Knoxville are just examples)
Visit PwC, EY, Deloitte, KPMG website to see what positions they require in Oil & Gas. What skill set they require. Which schools they visit to hire such candidates?

Finalize your post MBA career goals - these needs to be specific. E.g. Deloitte Strategy & Operations - Senior Consultant - New York.
Finalize your function and figure out your financial constraints. Did you reach out to Rice University ?
@Duncan: thanks for your kind comments

@Shohrat: Doing work for your employer might be possible - but difficult. I cannot speak for other MBA programs but my 1st year in William & Mary was intense.

Time management becomes the biggest task for the whole of 1st year. I had financial constraints so I did not have a car, which meant that getting to school - which was 1.3 mile - took a good 30 mins either by walk or by bus (because bus will go around and not straight). Doing simple things as buying bread and eggs from a grocery store meant a 2-3 hour affair because I had to take the bus which would go around the campus to the store, and run after every 30 mins.
Then there was cooking, if you want to save money you cook but it takes up time.
Also English is not my first language, now I can communicate in English just fine - but my reading speed is slower than Americans, so it meant that where it took 30-40 mins to Americans to read the assignment and attempt the questions, it took me 2 hours to do so.

It also took me time to adjust to the US education system. In US you are supposed to read the chapter/assignment before coming to class. You are supposed to do answer all the questions before coming to class. In the class you discuss your solution with other students, the professor facilitates the discussion. In contrast, back in India, we go to class expected to be taught, then go home and do the assignment.

Long story short. A lot will depend upon the city where you live, your financial condition. Will you have a car? How far will you stay? Can you live on subway sandwiches?

My suggestion will be to figure out what your financial constraints are, e.g. let's say without your employer you can manage $55,000 in tuition and $1,000 x 12 x 2 = $24,000 for cost of living for two years. Now with $55,000 tuition what's the best school you can get into?
Then see the Avg. GMAT for those schools. If you are interested in the William & Mary MBA let me know. Now W&M won't give you access to Texas Oil & Gas companies - you'll probably need to network and find a job on your own - but W&M will give you a solid education.

However, you still need to decide on your Function. Also with your experience I would suggest you to look at Consulting. E.g. PwC might hire candidates from University of Texas at Knoxville for Supply Chain. Now you would make an excellent consulting candidate for someone having SCM functional knowledge, Oil & Gas Industry knowledge, managerial skill and MBA from a school that has some relationship with a company where you want to work. (PwC, UT Knoxville are just examples)
Visit PwC, EY, Deloitte, KPMG website to see what positions they require in Oil & Gas. What skill set they require. Which schools they visit to hire such candidates?

Finalize your post MBA career goals - these needs to be specific. E.g. Deloitte Strategy & Operations - Senior Consultant - New York.
Finalize your function and figure out your financial constraints. Did you reach out to Rice University ?
quote
Duncan
Excellent points. At Dartmouth I lived next door to the school and ate there.
Excellent points. At Dartmouth I lived next door to the school and ate there.
quote
Ayon,

I think I will have similar problems as you did while doing my MBA, because first, English is not my mother tongue, second, education system is different and third, intense MBA workload by itself. I don't know whether I can afford to buy a car either.
If I can't get any financial support, either from my employer or from other sources, I think I won't be able to afford my degree. I think I will only be able to invest about 60000 USD, all inclusive. So if I want to get into a better school, I may need some financial support. What do you think about this?
I am interested in W&M MBA. I will contact them soon and see how they reply to me.
Currently I work in a company which is specialized in international business (import oil-gas equipment and spare parts for energy producers) and EPC projects. We are also planning to start producing some industrial products in Turkmenistan. I think after receiving my MBA, I will come back and continue to do this work. We are also planning to open our business in US, so it is also possible that I will have to work in our US subsidiary for some time after the graduation. Our company is interested in opening its business near Houston or in another part of Texas, that is we have not decided yet exactly. It is also possible that our plan won't work at all.
I wrote to Rice University, but they haven't replied to me yet. I don't know if it is normal for some schools to not reply to people in whom they are not interested. Baylor hasn't replied to me yet either.
Besides, I get a bit confused with tuition and fees published on websites of some schools or sent to me by emails. What is the standard way for them to write those fees? Do they usually calculate expenses for each year or for the entire MBA program?

Best,
Shohrat
Ayon,

I think I will have similar problems as you did while doing my MBA, because first, English is not my mother tongue, second, education system is different and third, intense MBA workload by itself. I don't know whether I can afford to buy a car either.
If I can't get any financial support, either from my employer or from other sources, I think I won't be able to afford my degree. I think I will only be able to invest about 60000 USD, all inclusive. So if I want to get into a better school, I may need some financial support. What do you think about this?
I am interested in W&M MBA. I will contact them soon and see how they reply to me.
Currently I work in a company which is specialized in international business (import oil-gas equipment and spare parts for energy producers) and EPC projects. We are also planning to start producing some industrial products in Turkmenistan. I think after receiving my MBA, I will come back and continue to do this work. We are also planning to open our business in US, so it is also possible that I will have to work in our US subsidiary for some time after the graduation. Our company is interested in opening its business near Houston or in another part of Texas, that is we have not decided yet exactly. It is also possible that our plan won't work at all.
I wrote to Rice University, but they haven't replied to me yet. I don't know if it is normal for some schools to not reply to people in whom they are not interested. Baylor hasn't replied to me yet either.
Besides, I get a bit confused with tuition and fees published on websites of some schools or sent to me by emails. What is the standard way for them to write those fees? Do they usually calculate expenses for each year or for the entire MBA program?

Best,
Shohrat
quote
Duncan
They normally show fees by the year, but sometimes it is shown by the price per semester, or per credit. I also find it confusing. Sometimes there is a "cost of attendance" summary, which shows the sum of money international students will be required to show for visa purposes.
They normally show fees by the year, but sometimes it is shown by the price per semester, or per credit. I also find it confusing. Sometimes there is a "cost of attendance" summary, which shows the sum of money international students will be required to show for visa purposes.
quote
Ayon
Shohrat,

Don't read too much into that - If Rice did not reply back, that's ok. Email them again after 1-2 weeks.

About tuition and fees. Just focus on the Tuition part of it for now. I will explain why. Tuition will be given either by semester, or by year, or by credit.

Schools list out other fees and expenses. While some fees are required such as graduation fees or student fees etc. These are less in amount like $500 or something - It can be ignored for now.
Schools also mention cost of living, books, misc expenses etc. This is where the difference comes in. International students don't spend as much on rent, food, books. We buy used books for graduating students. So it doesn't cost as much.

For Total = $60,000
Think like this, 24 months in US (21 months MBA + 3 months after your MBA for job search)
$1,000 per month is a good ballpark estimate.) so $1,000 x 24 = $24,000
Remaining is $36,000 or $18,000 per year or $9,000 per semester.

In addition there will be other expenses
1) $1,000 one way flight to US
2) $900 for a new laptop
3) $500 for security deposit in Verizon or AT&T for mobile, since you won't have a SSN when you land
4) $600 for flight + hotel for going to various career fairs like National Black MBA, National Hispanic MBA. These happen in September. So the moment you land in US, you go to these events to find internship / jobs.

For now, worry about just the Tuition fees.

As per W&M feel free to mention that you talked with me- Ayon De W&M MBA Class of 2015.
When you are 100% sure that you want to get down that path. Let me know, I'll write them a note.
https://mason.wm.edu/programs/full-time-mba/admissions/tuition/index.php

W&M's Out of State tuition $41,682 per year. International students pay Out-of tuition. But W&M provides scholarship based on merit, it may bring down your tuition expenses considerably.
W&M also provides a $300 travel stipend to attend NBMBA and NSHMBA events. in addition they provide $150 as technology stipend - I used it to convert to LinkedIn Premium account.

Regardless, mention to schools whom you talk to that you may join back your employer upon graduation.

Good luck!
Shohrat,

Don't read too much into that - If Rice did not reply back, that's ok. Email them again after 1-2 weeks.

About tuition and fees. Just focus on the Tuition part of it for now. I will explain why. Tuition will be given either by semester, or by year, or by credit.

Schools list out other fees and expenses. While some fees are required such as graduation fees or student fees etc. These are less in amount like $500 or something - It can be ignored for now.
Schools also mention cost of living, books, misc expenses etc. This is where the difference comes in. International students don't spend as much on rent, food, books. We buy used books for graduating students. So it doesn't cost as much.

For Total = $60,000
Think like this, 24 months in US (21 months MBA + 3 months after your MBA for job search)
$1,000 per month is a good ballpark estimate.) so $1,000 x 24 = $24,000
Remaining is $36,000 or $18,000 per year or $9,000 per semester.

In addition there will be other expenses
1) $1,000 one way flight to US
2) $900 for a new laptop
3) $500 for security deposit in Verizon or AT&T for mobile, since you won't have a SSN when you land
4) $600 for flight + hotel for going to various career fairs like National Black MBA, National Hispanic MBA. These happen in September. So the moment you land in US, you go to these events to find internship / jobs.

For now, worry about just the Tuition fees.

As per W&M feel free to mention that you talked with me- Ayon De W&M MBA Class of 2015.
When you are 100% sure that you want to get down that path. Let me know, I'll write them a note.
https://mason.wm.edu/programs/full-time-mba/admissions/tuition/index.php

W&M's Out of State tuition $41,682 per year. International students pay Out-of tuition. But W&M provides scholarship based on merit, it may bring down your tuition expenses considerably.
W&M also provides a $300 travel stipend to attend NBMBA and NSHMBA events. in addition they provide $150 as technology stipend - I used it to convert to LinkedIn Premium account.

Regardless, mention to schools whom you talk to that you may join back your employer upon graduation.

Good luck!
quote
Hi Ayon,

Thanks for your response.
So now my main problem is funding and I have two ways to solve this problem:
1) I try to get into schools with average GMAT 630-680. But I'll need extra funds to pay my tuition, fees and living expenses. I try to find extra funds by doing a part-time work for my current employer or someone else, or by doing a graduate assistanship.
2) I try to get into schools with average GMAT lower than 630 and entire MBA program expenses around $60,000-70,000. I concentrate all my attention on my studies and do not do any part-time job. I also apply for some scholarship to lessen my total expenses if needed.

There may be the 3rd way to solve this problem also, that is I try to improve my GMAT score to about 650. But this is not guaranteed. I may just find myself having lost time as a result.
What can you suggest to me? Which way may be the optimal solution for me?

Best,
Shohrat
Hi Ayon,

Thanks for your response.
So now my main problem is funding and I have two ways to solve this problem:
1) I try to get into schools with average GMAT 630-680. But I'll need extra funds to pay my tuition, fees and living expenses. I try to find extra funds by doing a part-time work for my current employer or someone else, or by doing a graduate assistanship.
2) I try to get into schools with average GMAT lower than 630 and entire MBA program expenses around $60,000-70,000. I concentrate all my attention on my studies and do not do any part-time job. I also apply for some scholarship to lessen my total expenses if needed.

There may be the 3rd way to solve this problem also, that is I try to improve my GMAT score to about 650. But this is not guaranteed. I may just find myself having lost time as a result.
What can you suggest to me? Which way may be the optimal solution for me?

Best,
Shohrat
quote
Ayon
Hi Shohrat,

You have multiple options.
1) You have time to give GMAT again because it's already May 2016, which means that Fall 2016 entry is closed for International students. Fall 2017 application goes online around End of july / early Aug with Round 1 deadline targeted at End of Sept / Early Oct.

So assuming you have written your essays, researched schools, taken TOEFL, made your resume etc. You have a good 3-4 months for 1 or 2 GMAT attempts.

2) If you sponsor agrees to cover your tuition cost, then you can easily buy a used car - let's say worth $5,000 from your savings. The time you save from commute can then be directed towards your office work.

3) Working part-time during 1st year of MBA is not advisable. 1st year MBA is intense. In addition to class room education, students are also involved in various groups and clubs. More over Part-time job is limited to 20 hours / week by USCIS. Usually students cannot work more than 10 hours / week because of work load. These jobs are paid hourly around minimum wages e.g. $10/hour. This money can pay your mobile and food bill but not cover tuition.

4) Scholarship, Admission, Graduate or Research Assistantship will depend and vary from school to school. It's difficult to forecast who will provide how much. However, go for a cheaper program like University of Pittsburgh - Katz. Most schools may provide some form of scholarship around let's say $10,000 ?

It won't cover everything. But if you can get your GMAT up let's say around 680 - then you become very competitive and may get good scholarship.

5) Try websites likes mpowerfinancing.com to avail loans upto $25,000 or any banks in Turkmenistan who provide educational loans.

Optimal solution is A) Give GMAT again to get it higher B) Convince your employer to pay for your tuition
Hi Shohrat,

You have multiple options.
1) You have time to give GMAT again because it's already May 2016, which means that Fall 2016 entry is closed for International students. Fall 2017 application goes online around End of july / early Aug with Round 1 deadline targeted at End of Sept / Early Oct.

So assuming you have written your essays, researched schools, taken TOEFL, made your resume etc. You have a good 3-4 months for 1 or 2 GMAT attempts.

2) If you sponsor agrees to cover your tuition cost, then you can easily buy a used car - let's say worth $5,000 from your savings. The time you save from commute can then be directed towards your office work.

3) Working part-time during 1st year of MBA is not advisable. 1st year MBA is intense. In addition to class room education, students are also involved in various groups and clubs. More over Part-time job is limited to 20 hours / week by USCIS. Usually students cannot work more than 10 hours / week because of work load. These jobs are paid hourly around minimum wages e.g. $10/hour. This money can pay your mobile and food bill but not cover tuition.

4) Scholarship, Admission, Graduate or Research Assistantship will depend and vary from school to school. It's difficult to forecast who will provide how much. However, go for a cheaper program like University of Pittsburgh - Katz. Most schools may provide some form of scholarship around let's say $10,000 ?

It won't cover everything. But if you can get your GMAT up let's say around 680 - then you become very competitive and may get good scholarship.

5) Try websites likes mpowerfinancing.com to avail loans upto $25,000 or any banks in Turkmenistan who provide educational loans.

Optimal solution is A) Give GMAT again to get it higher B) Convince your employer to pay for your tuition
quote
Ayon,

I haven't written my essays yet, but I have taken TOEFL (PBT 600), made my resume (though I'll work to improve it later) and somehow researched schools. Do you think 2 months will be enough for me to prepare required documents, including essays and recomendations, for Round 1. In that case I can start preparing for my next GMAT and take it in about 2 months. Then I will have extra 2 months to apply for Round 1.
If I still can't improve my GMAT score, I think I will have to ask my employer to help me with my MBA expenses.
Do you think I need to use different prep materials than my earlier ones? Now I have Manhattan Gmat, Optimus Prep and most of official Gmat materials.

Thanks,
Shohrat

[Edited by shohrat6383 on May 16, 2016]

Ayon,

I haven't written my essays yet, but I have taken TOEFL (PBT 600), made my resume (though I'll work to improve it later) and somehow researched schools. Do you think 2 months will be enough for me to prepare required documents, including essays and recomendations, for Round 1. In that case I can start preparing for my next GMAT and take it in about 2 months. Then I will have extra 2 months to apply for Round 1.
If I still can't improve my GMAT score, I think I will have to ask my employer to help me with my MBA expenses.
Do you think I need to use different prep materials than my earlier ones? Now I have Manhattan Gmat, Optimus Prep and most of official Gmat materials.

Thanks,
Shohrat
quote
Ayon
Shohrat,

The best skill I learned from my MBA was time management. Maybe you should start managing your time starting today. :)
You don't need to exactly write your essays - since you don't know what the essay questions are (they vary from school to school). But you must have a rough draft. Following are pretty standard questions - they are asked in one form or another.
1) Why you want to do MBA at this point in your career?
2) What are your career goals, how can XXX MBA help you achieve those?

Write your CV, try to make it a 1 page CV.

I cannot comment if 2 months will be enough or not. Depends how much time you can spend daily? Convert everything into time based action items
like a) 2 hours for CV
then break it out into 30 mins Monday, 30 Tues, 30 Thu, 30 Friday.
Mon - Outline and structure
Tues - Bullet points
Thus - converting data into %, $ value
Fri - proof read, clean up, font resizing, print area resizing etc.

This is just an illustration.

Focus on your GMAT, what when wrong? verbal or Quant? For me, (and my wife and sister). We were able to improve our quant part significantly in 1-2 months. But all 3 of us hit a ceiling in verbal.

Don't spend too much time in going through multiple guides. Just stick to Manhattan.Key is time management, understanding applicability of concepts. Know what you can do, and what you cannot in a given amount of time.

For me, I knew I cannot get a better score in verbal so I was stuck at below 650 level. I took GMAT 4 times but decided that enough is enough - and I would run with what i have. Instead of perfecting my GMAT, I opted for doing PMP etc. to strengthen my profile.
Shohrat,

The best skill I learned from my MBA was time management. Maybe you should start managing your time starting today. :)
You don't need to exactly write your essays - since you don't know what the essay questions are (they vary from school to school). But you must have a rough draft. Following are pretty standard questions - they are asked in one form or another.
1) Why you want to do MBA at this point in your career?
2) What are your career goals, how can XXX MBA help you achieve those?

Write your CV, try to make it a 1 page CV.

I cannot comment if 2 months will be enough or not. Depends how much time you can spend daily? Convert everything into time based action items
like a) 2 hours for CV
then break it out into 30 mins Monday, 30 Tues, 30 Thu, 30 Friday.
Mon - Outline and structure
Tues - Bullet points
Thus - converting data into %, $ value
Fri - proof read, clean up, font resizing, print area resizing etc.

This is just an illustration.

Focus on your GMAT, what when wrong? verbal or Quant? For me, (and my wife and sister). We were able to improve our quant part significantly in 1-2 months. But all 3 of us hit a ceiling in verbal.

Don't spend too much time in going through multiple guides. Just stick to Manhattan.Key is time management, understanding applicability of concepts. Know what you can do, and what you cannot in a given amount of time.

For me, I knew I cannot get a better score in verbal so I was stuck at below 650 level. I took GMAT 4 times but decided that enough is enough - and I would run with what i have. Instead of perfecting my GMAT, I opted for doing PMP etc. to strengthen my profile.
quote

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