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Profile Evaluation

Launched April 26, 2006
Expert replies
by bennybob » Wed Aug 06, 2008 4:50 pm
Hey stacy,

my background:

- GPA, major, school

B.S. Electrical Engineering, University of Kansas
2.9 cumulative GPA
3.8 last two years

- GMAT

750 (Q49,V42) AWA 5.0

- resume highlights, including company name, job titles and promotions

Recent college graduate(23yo.), no work experience

- extracurricular involvements

Member of IEEE;

Member of Student Finance Club

- awards, patents, publications, etc...

N/A

- interesting personal facts

self taught stock trader/investor with 3 years experience managing financial investments of family members

Chosen by Professor to assist on design of recent Project grant from NASA



Desired School list:

Columbia
NYU
MIT
Carnegie Mellon
Georgetown



My questions:

Over the last few years ive come to realize that my true passion is in finance and not engineering, I have no desire to begin a career in the engineering realm now as i know it is not something i see my future in. I would like to pursue an MBA with a concentration in finance and career goals of one day managing a hedge fund.

(1) what is my level of competitiveness at these schools now?
(2) how will it improve if i accept a position with Lockheed Martin for 2-3 years
(3) The Wachovia stock broker of my family members accounts has offered to write me a letter of recommendation, would this be a valid letter to use in an application given i have no supervisor? what about a letter from the professor who oversaw my work on the grant project?
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Source: — Ask Stacy Blackman |

by Lisa Anderson » Thu Aug 07, 2008 9:24 am
Dear bennybob,

I will be honest with you--not working after graduation is a big issue, for both MBA admissions and your future career search. The longer your unemployment stretches, the more negative that will be for you. Regardless of where you apply, if you do decide to apply to start business school next fall, then you absolutely need to have some sort of plan for what you will be doing for the next year. Perhaps the Wachovia stock broker could hire you as an intern? Even if what you do is unpaid, you need to do something between now and starting business school.

To answer your questions:

1) You are competitive for your target list in terms of GMAT/GPA, but the lack of work experience is a big concern. I'm not sure any of these will be interested if you are unemployed, with no plan, and your explanation is you have decided you don't like engineering. It is possible to get an internship or a job outside of engineering, so I strongly encourage you to figure something out. I also encourage you to identify some other schools that are not as competitive but will give you a strong finance curriculum. There are so many great finance programs in the top 40 that I am confident you will find alternatives as a backup plan.

2) Of course, 2-3 years of professional work experience will improve your profile IF you can demonstrate progression during that time. It is what you do in your tenure (quality v. quantity) that matters. No matter where you work, it is important to show an increase in responsibility and have accomplishments to highlight in your application.

3) If you decide to go ahead and apply now, then the professor is probably a good option if he is the closest thing you have to a supervisor on a job. The Wachovia stock broker could also be helpful, but a recommendation from him/her would be more meaningful if s/he was a supervisor or co-worker.

Best of luck,
Lisa
Lisa Anderson
Consultant
Stacy Blackman Consulting

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