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Profile Evaluation for MIT Sloan

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Joined: 19 Jul 2011
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Concentration: Finance, Strategy
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Profile Evaluation for MIT Sloan [#permalink] New post 21 May 2012, 17:53
I’m interested in MIT Sloan’s E&I program, but there doesn’t seem to be a lot of info available since it’s still a relatively new program. Not sure if you know much about the program, but any feedback would helpful.

1. Do you know if the program is like the LGO program in terms of applicants accepted? I think LGO only accepts 45-50 people a year? Is it the same for E&I?

2. More generally, I keep hearing that MIT is very global, but is there a recruiting process specifically for international jobs? Or is it kind of like all mashed together into one recruiting event?

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My profile

Overview of Story:
Growing up I’ve always been interested in video games. It taught me a lot in terms of economics / business (saving money to buy games, trading games, selling stuff to make enough money to buy games). Because of this I’ve always had a keen interest in technology and business. I attended CAL initially as an EE / CS major, but realized that I didn’t like it that much because it was too focused on engineering, so I switched to Industrial Engineering and Ops Research. This allowed me to explore both the quant side of engineering as well as the financial / strategic side of business. My first job was in IT consulting, which at the time I thought was the perfect mix of tech / business, but quickly realized that it wasn’t for me. Luckily enough, my second project was for EA Games and I did everything in my power to get a job there afterwards. I ended up working at EA in the Corp Fin / Corp Accnting department and I loved the gaming sector, but my group was not challenging me as much as I expected. After some research, I thought biz dev / corp dev for a gaming firm was a great fit; however, I also knew that without investment banking experience it would be very difficult. I tried extremely hard networking and figuring out ways to get interviews (it’s really difficult to get an IB job if it’s not straight out of undergrad / bschool as I’m sure you know). Eventually, I got a few interviews and received an offer with my current firm, a mid-market boutique investment bank. After working at here for 8 months, I received an offer to start up a new office in New York to co-lead a 2 man operation (the firm overall has 35+ employees). This experience has slowly shifted my prior aspiration of doing biz / corp dev towards the gaming startup realm (also because I seem to notice that the trend right now is that more of these smaller gaming startups are trumping the older incumbent gaming firms like EA, Activision, Ubisoft, etc). It seems like the E&I program at Sloan is a great fit for someone with my background and career goals in terms of encompassing international / global focus, entrepreneurship, and high-technology.

Age:
Will probably be around 27 / 28 when I apply (will this hurt my chances since average age seems to be trending down to 26 / 27?)

Nationality:
Half Korean / Half Taiwanese

GMAT:
Taking it in a few weeks, been scoring around 700-710, with Q48-49 and V36-38

GPA:
CAL, 3.0 GPA, Industrial Engineering and Operations Research
After graduating CAL I wanted to be more Finance focused so I got an Associates Degree in Accounting with a 3.8 GPA at a local community college

Certifications:
Certified Public Accountant (CPA), Certified Info Sys Auditor (CISA) and Real Estate Brokers License

Post college EC:
Wokai – Volunteer
Taprootfoundation.org – Pro Bono Consultant
TAP-NY – Professional Committee Member
iMentor – Mentor
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 21 May 2012, 20:56
The LGO is a separate program, with a separate admission process since it's co-run by the business and engineering schools.

Think of the E&I as a "major" within the MBA program.

Anyhow, I don't know about the gaming angle. Schools/universities like to think themselves of sending grads out into the world to work on "important" stuff. Not to sound snarky, but an adcom will likely think "hmm. not sure about wanting a company that makes a better version of Angry Birds at the expense of other applicants who are looking to build companies that improve processing power, produce innovative medical devices, etc.). Gaming is a huge industry no doubt, but so is plastic surgery - and it's not like medical schools are yearning to graduate a ton of folks looking to go into plastic surgery.

In any case, it's hard to say what your chances will be. Obviously, you're a very smart guy but the biggest trap you want to avoid is being seen as the stereotypical "Asian math geek" -- everything in your profile thus far points in that direction, and while you shouldn't have to apologize for it, just know that like 99% of the Asian dudes applying are also math oriented (and those who are not, are playing trumpet in some dodgy dive bar in New Orleans, or teaching surfing to lonely housewives in Hawaii - i.e. not the kinds of folks who are remotely interested in b-school). Just know that while the Asian Math Geek does well in admissions to engineering, medicine and other science/technical programs, it becomes a liability in the more "country club" oriented admissions process of b-school.
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 21 May 2012, 21:01
Fair, but slightly racist I think... lol

Anyway, I've been reading a few articles that lead me to believe that gaming may not that be bad? I mean how does wanting to work for an investment bank or an asset management firm or BBM help save the world? Although I was leaning towards something more like Healthcare gamification...

http://mashable.com/2012/05/16/zamzee/

http://www.ft.com/intl/cms/s/2/90673d48 ... z1vU80cLHs
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 21 May 2012, 21:17
The admissions process is discriminatory. That's a reality.

As for gaming, the stigma is still there.

Remember that a disproportionate number of adcoms are women. Again there are women gamers, but what are the chances that a majority or even a sizeable minority on the adcom are gamers?

Here's another way to put it. If you're at a party surrounded by women and you start waxing poetic about Call of Duty and your X-Box, will they perk up in an enraptured state, or will they try to find someone else to talk to?

Again, gaming is a huge industry. So is porn. Not saying that porn is the same as gaming, but my point is -- gaming still has a stigma. More people play video games than is made public, but it's not something folks tend to view in high regard like they do with sports, arts or any other leisure activities.

Perceptions will likely change, but not in 1-2 years where it'll affect how adcoms (and many non-gamers) will perceive it.
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 22 May 2012, 04:47
Not saying you don't know what you're talking about, but instead of comparing it to outrageously irrelevant examples such as porn and plastic surgery could you maybe provide some examples of what WOULD work?

I still don't see how ibanking, asset management, consulting, marketing, etc helps save the world any more than gaming?
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 24 May 2012, 04:58
Sorry to butt into this, but one of the benefits of working in well established companies, like bulge brackets or top tier consultancies, is that they're exclusive/difficult to get into. Business schools look at the name of the company and can tell you passed through a pretty tight screen. (Chauvinist alert) It's sorta how girls instantly treat you differently once they find out you're dating a really hot woman. Somehow, the "brand value" validates you in the eyes of the Adcom. So I wouldn't say that bankers and consultants pretend to be out there saving the world, but I would say that they're among a small group in the business force that have shown to be successful early on in their careers, and that's what matters.

That aside, I think your stats are pretty low, ESPECIALLY for a place like MIT which places a huge premium on stats, and especially for Asian males (unfortunately). It also isn't about your age that matters, but rather about the seemingly random smattering of jobs you've had. I know you're trying to connect them in some linear story, but then at the very end you say that you tried very hard to get an I-banking job out of college, and couldn't. So it's either (a) you wanted these jobs, or (b) you wanted ibanking all along and the IT consulting/EA Games things were just "settling" until you got your ibanking job. Which is it?
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 24 May 2012, 05:06
hello212, thanks for your input, but I think you've misunderstood my question. I'm not worried about what I did PRIOR to bschool there's not much I can do to change my work experience or grades. I'm talking about, people applying to bschool wanting to go into finance or consulting... How is that story any "better"? My argument is that finance / consulting doesn't necessarily help change the world, yet people still write about wanting a career change into those fields, etc and they still get in... Any thoughts on that?
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 24 May 2012, 05:12
Well, investment banks provide capital to businesses and individuals all over the world. Most people in the world (and virtually everyone in America) goes to a bank, right? Most people in maybe the top half of America's income earners have a 401k plan which is managed by a mutual fund of some sort as well. Things like IPOs, debt structures, etc. that are needed to fund a company's operations are made possible by large companies like investment banks that are able to raise capital.

Consultants make businesses more efficient, they help drive innovation, they serve as politically agnostic third-party advisers who aren't worried about speaking up when senior executives are mired in personal agendas. In other words, consultants can ask the tough questions without risking their jobs, and often times (but not always) they are able to think of new things from a fresh point of view.

Many Adcoms would believe that the business world was made better because of these two industries. Gaming, on the other hand, is purely entertainment, and doesn't have a "business" objective, that's all. Not saying that there isn't a way to somehow magically spin this into something that's like the two above, but I would think it's much harder, and fewer people would buy into it.
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 24 May 2012, 05:16
That makes sense, appreciate your insight. I'll have to give it some more thought.

By the way, I never said that I tried to get a banking job right out of college... I never even knew about banking until I started working for a few years. School of Engineering doesn't exactly preach ibanking.

I tried hard to get a banking job after realizing that I needed banking to get into Corp Dev...
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Re: Profile Evaluation for MIT Sloan [#permalink] New post 24 May 2012, 05:17
My bad, misread your original post. Good luck!
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Re: Profile Evaluation for MIT Sloan   [#permalink] 24 May 2012, 05:17
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