Hi Benjamin,
A lower GPA can certainly be offset by those factors you mentioned, but it's all on a sliding scale. A 700 is not going to make up much ground on your GPA at Kellogg and Booth, but a 3.2 is not a bad place to start with either. And great work experience can certainly trump a bad grade from several years ago, but the key is to explain why it's so great, and how you demonstrated leadership in your jobs.
Best of luck!
Daniel Richards
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