stopper5 wrote:
What do people in the finance write in their essays regarding leadership? This has been bothering me for a while. The industry in general, unlike consulting, does not provide for "leadership" opportunities in its truest definition - leading a group of people. Even some seniors in my firm don't have direct reports.
How do you answer this? My background is in private equity, and most of my work requires analysis - almost no "leading". I can definitely talk about how I took initiative, and how I try to get things done in the team even though I'm the most junior person in the team (in spite of having 5 years of investment experience) - but is this really leadership? Additionally, many people in the financial field have long working hours and hardly have many ECs.
Apart from ECs, how do applicants from the finance industry (ibanking/PE/asset management) show leadership in their essays? Please offer your thoughts/suggestions.
Thanks!
Leadership means different things to different people, and admissions committees especially have a lot of meanings of leadership in mind. So I think some of the work examples you gave can really be applicable. Leading teams, leading initiatives, leading indirectly by example: they're all great aspects of "leadership" that you can incorporate into your essays. I bet that fewer than 10-15% of non-executive MBA applicants have had formal direct reports. I certainly didn't.
Hell, I think showing examples of less typical types of leadership while being the most junior person in a group is more impressive than showing leadership that was appointed due to seniority and tenure.