I am hoping to apply to b-school within the next two years. Here’s what I’ve learned from reading a few books. While I believe a low GPA alone won’t completely deny you from an entrance into a top 20 MBA program, you need to make up in other areas like great experience, recommendation, or high GMAT score, etc. I also believe that the longer you’ve been out of undergrad (say 5-10 years instead of 2-3) the more heavily they weigh someone’s job experience as opposed to GPA.
Regarding the GMAT score, I wouldn’t say 615 is a bad score. However, I strongly believe that you need to shoot for something higher, around 700, to give yourself a real shot at a top 20 program.
One question that I couldn’t get a straight answer is regarding the CFA and MBA. Does anyone know if passing all three levels of your CFA exams will help you in any way of getting into an MBA program? I’ve heard from some that it may help you, but from others that it won’t help at all. Anyone know for sure?