Hi Accepted Team,
I am a first-year analyst at a middle market investment bank (Jefferies, Houlihan Lokey, Harris Williams) in a specialized industry coverage group. Won't be applying for a couple more years obviously. One of my colleagues just was accepted to Tuck R1.
GMAT: 760 (V: 42, Q: 50). SAT: 2280 (V: 720, M: 780, W: 780)
Georgetown University, 3.4/4.0 in Finance & International Business double-major. Tough adjustment to college in freshman and early sophomore years, strong upward trend in junior and senior years (~3.75)
Actively involved in firm recruiting at Georgetown, firm volunteer events (serving homeless in city). In college was music director for 2.5 years (the leader) of a community service-focused acappella group that worked with several notable non-profit organizations and held shows and developed 2 albums with proceeds to charity
Targeting HBS, Wharton, Columbia, MIT Sloan
A big career question: I am considering jumping ship and working for my family business, a ~$100 million in revenue professional foodservice distribution company in a leadership capacity. Do you think this would make me a stronger applicant? (I can provide more detail if you'd like). Or should I stay in IB?
Congrats on that GMAT and the early start to your MBA quest.
A lot of the answer to your question depends on what you will actually do in the family business vs what you will do for Jeffries. If you will have more learning opportunities and handle broader responsibility at your family's company than at the IB, then those greater opportunities would pursh me towards recommending the family business opportunity. Similarly if you intend to work for your family business, go into corporate management, or do something post-MBA that will really benefit from your experience in your family's firm, then again that intention would lead me to recommend that you make the jump. Conversely, if you say that you want to stay in IB or go into private equity or something in related financial services, then I would probably recommend staying with Jeffries.
Another possibility, and I don't know if it is possible, is to stay with Jeffries for a little longer, let's say a total of at least a year or two, and then make the switch. I'm not sure if that is feasible, but it would give you deeper financial exposure and then still give you more general management experience by the time you start your MBA.
Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools
Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog