Please evaluate my profile

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Please evaluate my profile

by whino728 » Tue Aug 12, 2008 5:35 am
I'm trying to decide whether or not this is a good time to apply, and what schools are my best options. Any feedback is appreciated. Here is my profile.

GPA/school: 3.5 from bottom tier Ivy. Not a quantative degree, but many cources in econ/stats/finance taken along the way. I also spent a semester abroad in Europe in an international business program.

GMAT: 690 - above 80% in both sections. I realize that this score might be an issue for me, although it is an improvement over my first score. What are your thoughts?

Work Exp: I will have 3 years of WE upon entrance in fall 2009. A bit over a year in Asset Management doing mid-office work. Now in portfolio analytics at a mid-large size asset manager. The idea is to stay so I have 2 years here. I am having the opportunity to work the lead on a bunch of larger projects, as well creating competitive analysis reports that are used directly by our sales/marketing staff. I know that this is not typical front office experience in Finance sell-side, but I think that I've done some interesting things that are probably different than most people who work in finance - and I'm hoping this somewhat takes me out of the competitive pool of most bankers and consultants. I also can definitely get great recommendations from here and my previous employer. Is this competitive work experience? This is really my biggest question - should I wait with only 3 years of work experience based on my description...

EC: Ran a philanthropy event 2 years in a row in college. Various positions in fraternity. Now I'm a member of my alumni club in NYC, as well a member of an entreprenuerial club associated with the school as well. Do you think this okay for this area?

Certifications: CFA - Levels 1 and 2 passed, series 7 and 63

I'm looking to stay in finance after the degree to hopefully get into some type of research or possibly I-banking role.

My target schools are mostly in the range of:

NYU, Cornell, Yale, (maybe Columbia but I think that's a very long shot). My safeties will probably be Georgetown and Kelley. The idea is to make sure I go to a program with strong finance program. Do you think I'm leaving out any schools? Do you think I have a realistic shot at those 3 targets given current market conditions with some solid essays? For the sake of staying anonymous - I have a strong legacy (a few direct famlily members) at one of my target schools. Am I at a disadvantage being on the lower end of the work experience? Please be as brutally honest as possible. I might have an opportunity to break into more of a research role here after a few years so it's not do or die for me. But obviously the top MBA would give me a better chance to do that, as well at a faster pace.

Thanks for any input.
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by Lisa Anderson » Tue Aug 12, 2008 11:19 am
Dear whino728,

To be "brutally honest", I am confused as to why you don't feel you are a strong candidate. You have a great GMAT score of 690, solid work experience with progression, a good GPA, and defined career goals. I think you are a competitive candidate for your target schools. If you put together a strong application, you should see positive results. I think you need to think positively and funnel your energy into writing great essays.

Whether or not you should apply now depends on you--if you feel you are ready to start business school next fall, then you should apply now. Unless you know you will have a wonderful professional opportunity in late 2009, there is no reason to wait. You are below the average work experience of 4 or 5 years, but at 3 years you are definitely within the appropriate range.

By the way, I don't think Columbia is that much of a stretch for you if you know you will have strong recommendations and well-written essays. You should consider applying there if it is a school you feel is a good fit for you. Just my 2 cents!

Best of luck,
Lisa
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by whino728 » Wed Aug 13, 2008 1:46 pm
Lisa,

Thank you for your evaluation (and your encouragement). I think I might even give Columbia a shot - all I have to lose is the application fee I guess.

I had one more question for you - and I'm sure lots of prospective applicants ask this a lot... When asking someone for recommendations, assuming you are applying to around 5 schools, there are going to be various forms that the recommender has to fill out. I was thinking that it might be wise to take a look at the all of the forms in conjunction, and create a master list of questions of sorts for the recommender to touch upon to create one master recommendation for all the schools. Do a lot of people do something like this? I think that any recommender would dread having to actually write 5 or 6 different letters. The recommender also is inevitably going to have to check the different "rating charts" for each school - so I think that it's only fair that he or she only has to write one long evaluation. Is this a common practice?

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by Lisa Anderson » Wed Aug 13, 2008 5:39 pm
Dear whino78,

It is definitely helpful if you can provide some guidance to your recommenders on both the process and what to highlight about you. Generally, they should be able to use the same letter but it is important that any names/program information be changed. It happens all too often for a recommender to put the wrong school name in a letter because he/she has multiple schools.

Each school usually has its own form with short questions, maybe a chart asking for them to rate you on specific skills, in addition to the letter. These forms do not take long to complete and they will give you an idea of what the schools are looking for in its students. Since you are applying to 5 schools, you might also consider spreading the load and ask a couple of others to be a recommender for you.

Good luck,
Lisa
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