Chance for the impossible! Super competitive schools with horrendous academics.

sarora · 10-19-2011, 10:44 PM

Another chance thread because I'm really nervous.

Schools: NYU Stern, ED2
Cornell AEM
CMU Tepper
Emory
U Mich Ross

^^^ mainly chances for those, especially first three.

U Pittsburgh
RPI
Penn State
Drexel
-----

GPA: Not to hot - my school uses 100 pt scale, and including this year it is an 85-86. Estimating at 3.3 UW. Low grades freshman (2.6) and sophomore (3.2) explained below

SAT: 2100/1400
ACT: 31

Classes: All AP/ honors, math up to CalcII

EC/reason:

To make it short, my father died prior to freshman year - GPA dropped due to the sudden death and family circumstances (we have no family here in America) - sophomore year my mom had two surgeries, and between the depression, erc, it was a lot..I did bad for two years. Junior was better. B+ UW and a higher course load. 4.0 this year and harder courses.

I own a business (since 2009, my passion) - 5 figures profitable, I am CEO, I manage fiscal, legal matters such as corporate credit, payments and receivables, taxes, company records, etc. I don't use accountants. It's a registered corporation with private stocks. I do some programming but I have a partner who is my age who handles that. I manage my time well. We currently own 2 patents and profits are expected to grow tenfold this year (2012) due to new launches.

We also help clients in their stock portfolios...we guide them to invest in high beta value stocks (risky but we evaluvate) and have a high alpha return based on risk. I started investing with $100 last year and already have $5000 - haven't put a cent in to date.

What are my chances?

sarora · 10-20-2011, 11:18 AM

Bump -/-/-

soze · 10-20-2011, 11:20 AM

Not going to happen at any of the first five.
Likley admit at the rest.

sarora · 10-20-2011, 11:48 AM

There are about 9-10% at Stern, the most competitive on my list, that are under 3.5. You're saying that I have nothing to offer? Also, CMU doesn't count my freshman grades = boost to 3.5ish.

SuperCuber · 10-20-2011, 12:30 PM

You have to realize you're so different from the typical applicant that no one if really going to be able to give you a good chance (Death in the family + a business). Just go for it unless money is an issue.

Out of curiosity, if you have 5 figure profits and they're expected to grow tenfold this year, why do you want to go to college? Would you be able to manage it as effectively not at home?

sarora · 10-20-2011, 12:41 PM

I get this a lot, I want to go to college because I'm severely limited. My business relies on clientele projects, and it's something I do as a interest and passion, nothing that could be a full time job that has offices and multiple centers. It's really a private thing, we have 2-4 clients a year paying 10K-20 each and a current in dev patented app.

I'm also interested in Wall Street, as you can see, I take risks and do well. I know a fair share of beta-alpha stock correlation, but I'll learn a lot more than I know at a prestigious B school. I love business, but I do love science as well. If I don't get into a top B school, I'll probably end up doing a science major as I love it as well. Therefore business is my true passion, but at a non prestigious B school I won't have as many opportunities nor learn too many new things. I watched Ivy league and courseware for Macro and Micro economics, so it's not worth me going to business schools with little expansion. Either way, I can run this business fine and I'm doing it now with a 4.0. I'm going to keep it and I manage my time.
Money is not a problem.

sarora · 10-20-2011, 05:23 PM

Bump ///-/-//

Edit: I realized a mistake, by tenfold I meant 100%..not sure why I wrote that. I posted via mobile, sorry.

Aendos · 10-20-2011, 06:10 PM

So in a year you made 5000% on your investment.

Get this kid some capital, it's like he has the pill from Limitless.

sarora · 10-20-2011, 07:59 PM

I am working on that (18 in December). I have company credit (~100K) but I dont want to use it (higher interest rates than "normal" capital).

Anyways, somewhat. $100 from me and my partner put in $200. One yearish to 5K. The key? Invest in small stocks. I invested in high, high beta shares @ $1-5ish that were promising. Sold high when I saw a decline in alpha/beta ratio, and reinvested the profits. Rinse and repeat. Somewhat luck based: I can't find those super promising stocks nowadays!

sarora · 10-20-2011, 09:10 PM

Up ^^^^^^^^^

sarora · 10-21-2011, 11:59 AM

Someone..anything.

kiribelle · 10-21-2011, 02:17 PM

You have a shot at Pitt, Penn State, Drexel, maybe the land-grant part of Cornell.

sarora · 10-21-2011, 02:27 PM

Thanks :-)

sarora · 10-21-2011, 05:11 PM

Final bump /-/--/-

sarora · 10-21-2011, 09:55 PM

bump 10char