<p>Received full financial aid in High school to attend a famous prep school (1600 SAT/1600 SAT and 3.9 GPA/4.0 GPA) </p>
<p>Currently attends on full financial aid an one of the HYP colleges (3.6 GPA math/economics, 790 GMAT) </p>
<p>As a sophomore and junior, student has interned during summer in a top 10 private equity firm - say KKR/BX etc…</p>
<p>Multiple national level awards.</p>
<p>Excellent extracurricular activities and leadership positions.</p>
<p>Best bet is to find an employer to pay. While there is some money, almost everyone without a parent or employer paying has big loans.</p>
<p>Most aids students receive from top MBA schools are merit aid. One can qualify for subsidized Stafford loans and unsubsidized Stafford loans but they top out at $20,500 per year. The parents’ incomes are not considered. Full-ride aids are extremely competitive.
The undergrad internships are not as important as the progression and nature of the real world job.</p>
<p>Sorry, the way I wrote probable was wrong. I am not asking about financial aid. Financial aid is a separate issue. If needed, student will take loan to further the study. </p>
<p>I am asking if the kid has an even a chance to get admission as GPA is low. The extremely difficult course load affected the GPA. In addition, at undergrad level student choose to take a new foreign language. The reason to take this language was that it is going to be in demand in business world. This has resulted in lowering the GPA further.</p>
<p>Top MBA programs typically require a bare minimum of 2 years of full-time, post-graduation work experience before applying. More typically, applicants have at least 5-7 years of full-time, post-graduation work experience before applying. The most effective recommendation letters will come from employers, clients and colleagues who know the applicant well. Admissions committees typically want to see career progression through promotions or significant lateral moves.</p>
<p>If your child wishes to go to a top MBA program straight out of undergrad, he or she must have spectacular grades, GMAT scores and experiences that convince the admissions committee that he or she can contribute and participate on an equal level with his or her much more experienced classmates. Only a few such candidates are typically accepted into top MBA programs each year.</p>
<p>What country? Just curious.</p>
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<p>Right out of college - probably not. Eventually, after some work experience - certainly, as a 3.6 GPA is equal to or better than the avg GPA at every B-school in the country. If he has already had those type of internships, he has a good chance for a top job coming out of UG.</p>
<p>3.6 is low??!! Man I’ve been slacking! Looks like I’ll need to work for 10 years to get into a top school. But by that time, I’ll have tons of money and an MBA won’t be necessary.</p>