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by niraj_a » Thu Dec 18, 2008 1:11 pm
Age: 24 years (as of this post)
GMAT: Male
Nationality: Indian

Education:

B.S. in Business Administration (Dean's List) - Kelley School of Business, Indiana University, USA - May 2006

Double Majors: Finance and Accounting
Minor: Telecommunications
Cum. GPA: 3.3 (rounded up)

Other Acads

Passed CFA Level 1 - Dec. 2007, Current CFA Level 2 Candidate
Series 7 Licenseholder

GMAT: 690 (Q44 V41)

Work-ex:

Completed 2.5 years full-time as of this post. Completed 3 internships during undergrad with Merrill Lynch, ICICI Bank, and Standard Chartered Bank (i do not know if internships are relevant for MBA applications, please advise)

Brief Details:

1) Aug. 2007 to Present - Auxiliary Accounting Consultant, Indiana University, Bloomington, IN

● Part of a 5 member team, responsible for effective accounting for the university’s auxiliary units. Responsibilities included overseeing ongoing accounting practices and transactions for over 30 assigned units (revenues
totaling approx. $61 million) over six campuses, to uphold the units' general ledger integrity
● Detecting significant accounting errors and improving operational efficiency of units by conducting onsite
consulting and close interaction with respective unit fiscal officers
● Assumed responsibility to manage reporting requirements for all units (more than 60 units with revenues
totaling over $700 million) during a four month period of major employee transition

2) Jun. 2006 to Jun. 2007 - Portfolio Investment Analyst, Stifel Nicolaus & Co., Indianapolis, IN

● Worked directly with Senior Managing Directors and the VP of Portfolio Management, for the fourth largest producing retail brokerage team in the US (over $4.6 Billion Assets Under Management)
● Responsibilities included:
– Monitoring asset/sector allocations and equity returns for $700 million of high-net worth portfolios
– Preparing equity recommendations, investment proposals, and fund performance layouts through fundamental analysis, modelling, risk/return evaluations, and industry attractiveness
– Conducting searches for third party managers across investment styles, such as separately-managed products and hedge funds.
● Recommended three new stocks and four new funds during tenure based on industry analysis and value-oriented valuation, eventually deemed investment-suitable in discretionary portfolios
● Developed a “cash flow” tracking system to identify accounts with un-invested liquid assets for streamlining cash management and trading across portfolios

Extra Curricular Activities

● Team Leader-in-Training, Finance Committee Board Member (interviewing), Habitat for Humanity
● Have been active in the family business of trading cloth, plastics, and precious stones

Kelley School of Business Clubs:
● Treasurer, Phi Eta Sigma Honors Society (managing $15,000)
● Vice-President and Technology Director of Computer Information Systems Club

Kelley School of Business Honors
● Executive scholarships by the Office of International Services, and Phi Eta Sigma Honors Society
● Top 5 in I-Core Final Case Competition (among 100 Teams)

Interests

Personal Investing (actively manage over $200K of family money), Making Music, Soccer, Travelling (have travelled to a majority of the US states and Indian states)

Why MBA: I want to leverage and combine the experience I have gained in Investment Management and Consulting by entering the Investment Consulting industry. MBA school would allow me to explore this non-traditional finance industry, and exploit networking opportunities with the many finance and consulting peers expected to be in top programs.

Why Now: I like to work with smaller organizations (see my workex) in order to make a more meaningful impact in a heavy teamwork environment that allows me to wield significant responsibility. Unfortunately, a downside to these organizations is limited upward mobility without an MBA. I believe I have reached my upper limit in my organizations and am looking to change into a more mamagerial position in an entity with better career advancement opportunities.

B-schools

Columbia (dream school)
CBS
Wharton
Stern
Darden

Basically I desire to attend a top-10/15 East Coast school, and the only Midwestern schools acceptable would be CBS or Kellogg.

Questions

1) Am I competitive for these schools given my non-profit exposure?
2) I have not begun writing essays etc. so would it aid me to wait till R1 in 2009 or would it be a decent shot to apply early R3 / last day R2? I would ideally like to begin school in 2009, but am willing to wait if it can aid my chances.

Thanks.
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by Lisa Anderson » Fri Dec 19, 2008 12:03 pm
Dear niraj_a,

You have a competitive profile for many schools. It is not what industry you work in, but the quality of the work experience you have in your tenure. From what you posted, you seem to have strong work experience in the 2.5-3 years since you graduated. While your GMAT might be below the average for your schools, you have a good GPA and quantitative work experience to demonstrate your ability to handle the coursework.

What makes the difference for any applicant is how well you put your application together. It is imperative you present a strong rationale for why you want a MBA, how it fits into your overall career plan, and why the school you are applying to is a good match for you. Likewise, you must distinguish yourself from the competition and demonstrate successful leadership experiences/evidence of leadership potential.

There is a risk in applying third round as there are very few seats left to be offered; as such, you will need to make a convincing argument to grant you one of those seats over the other applicants. If you believe you can put together a compelling application in the next few weeks, then it might be worth applying this year.

Good luck,
Lisa
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by niraj_a » Sun Dec 21, 2008 12:34 pm
Thanks Lisa, I appreciate your advice. I was concerned about my low GMAT quant score, and from your views, it seems that it won't pose a major problem as far as admissions go (consulting job interviews are another story, i know).

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by niraj_a » Sun Dec 21, 2008 11:47 pm
Lisa,

Quick question. Do you think it will be too late if I get the Columbia application in by Jan 31? I do not want to make a half-hearted attempt so this is the only school offering a flexible deadline.

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by Lisa Anderson » Mon Dec 22, 2008 12:28 pm
It is best to submit the strongest application possible. Jan 31 is generally not considered "too late" so you should take the extra time to make sure you present the best application possible.

Regards,
Lisa
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by niraj_a » Tue Jan 13, 2009 7:24 am
Sorry to bring up an old thread Lisa but have a follow-up question -

I have a 2-3 Cs (+ and -) and a D in my Junior and Senior years at Kelley. Considering my 63 %ile GMAT quant score (but balanced slightly by my finance/accounting double major, finance/accounting/consulting work-ex, and CFA Level 2 candidacy), do you think it would be beneficial to explain this in the 4th Optional Essay for Columbia / other schools?

I had a Supervisory part-time job during this time and bad roommate issues that affected the acads. I was thinking to end the app on a positive note instead of the negative acads note by writing something about my diversity, reasons for NYC not mentioned in goals essay etc.

Please let me know what you think.

Thanks,

Niraj

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by Lisa Anderson » Tue Jan 13, 2009 6:20 pm
Dear Niraj,

You might consider writing an optional essay on why you believe you have the quantitative ability and then provide your rationale (work experience, coursework, CFA, etc.) to make your point. This tack is more positive than writing an optional that looks like you are making excuses. You can include some of the mitigating circumstances in the essay (like working part-time), but your theme/approach should be about why you feel you can handle the work as opposed to "I made mediocre grades because I was working while in school". Make sense?

Best of luck,
Lisa
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by niraj_a » Wed Jan 14, 2009 10:46 am
The theme sure does make sense Lisa, thank you! Would I sound redundant though since since both my recommenders will be commenting positively on my analytical abilities.

Columbia's limited allowance to focus on the past in their goals essay is causing me these problems as you can see.

Thanks again,

Niraj

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by niraj_a » Wed Jun 10, 2009 8:59 pm
Hi Lisa,

I finally submitted Jan 17 and Columbia decided to ding me after holding my app for 3 months. So I'm back to the GMAT / MBA game after taking the CFA Level 2. My goal now is to target a number of R1 apps so needed your advice again.

* Referencing my profile and our conversation above, would it be prudent for me to attempt the GMAT again now to try to get the quant up? Or would it be smarter to take an online course in computer programming / re-take an intro to calculus class? Or would you say that both of these can be skipped if I pass the CFA Level 2?
* I realize Columbia doesn't offer app feedback. Has anyone you have worked with found creative ways to navigate this issue?

I'm also actively considering your consulting services. Thanks in advance!

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by Lisa Anderson » Thu Jun 11, 2009 12:30 pm
Dear Niraj,

I'm sorry to hear Columbia passed on your application. I think it would be worth retaking your GMAT to increase your total score at least 20 points and to get your raw quant score over 48. Generally, schools that explicitly state they will not give feedback hold to that policy. So, the best you can do is determine the potential weaknesses in your application and do what you can to improve in those areas the next application cycle.

Best of luck,
Lisa
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