Looking to apply to a top 15 MBA to transition to IB/PE with 4YOE in risk consulting + CPA + masters in Accounting. I’m wondering if my graduate degree + CPA can demonstrate enough academic rigor to waive the gmat during the application process? Any thoughts?

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Fam just take the GMAT (or the GRE)

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Apply to Cornell, lowest T15 standards & highest acceptance rate. Often feels that everyone decent gets in there (nearly a third of applicants accepted).

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It will not for T15

You’re limiting the schools you can apply to if you choose to not take and waive the standardized exam, which is fine. (Darden, Ross, and maybe Cornell certainly accept waivers)

I would almost liken waiving the exam to saying “I’m only going to apply to HBS and GSB” Again, fine, it’s a personal choice, but if you need an MBA to achieve your goals, do you want to limit yourself to two or three schools?

There is a lot more test flexibility now than 15 years ago. All US schools are GRE/GMAT agnostic now. Some T10 schools like CBS are open to the executive assessment. T10-T18 schools are even accepting of other exams like the executive assessment, LSAT, or MCAT. You should really consider test options besides the GMAT or completely waiving.

When you waive the exam requirement, the school needs to rely on other parts of your app to determine academic readiness. I don’t know if I’d be comfortable applying without an exam score given the info you provided for a few reasons: idk your undergrad university, GPA, or major (if it was accounting, idk if you accounting masters is a big stretch or if you did an integrated 5-year masters).

V curious for finance folks, I’ve heard CFAs diss on the high pass rates of CPAs. Is this just CFA snobbery or is there a commonly lower perceived rigor in the CPA vs CFA?

CFA is definitely harder. CPA is a joke imo compared to GMAT. I passed all 4 exams at my first try with higher end of the scores vs GMAT is taking forever to master. CPA is memorization test vs GMAT/GRE is test of aptitude.

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