Find all School-related info fast with the new School-Specific MBA Forum

It is currently 21 Aug 2014, 16:07

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Profile Evaluation: Front Office to Failed JV

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 11 Aug 2011
Posts: 4
Followers: 0

Kudos [?]: 0 [0], given: 0

Profile Evaluation: Front Office to Failed JV [#permalink] New post 11 Aug 2011, 12:14
I like how you're blunter (but still supportive) about our chances to make it to our target list of B-schools, and honesty is what I need right now to realistic assess my chances and review my target school list. Would love to hear your insights. I start out with a typical Ivy finance background until two years ago I chose to branch out on a JV that although ultimately failed, still gave me a taste for being my own boss.

In terms of what demographic I belong to: I'm Chinese, Male, 30.
(I recognize the fact that I'm in a competitive demographic and I'm a bit old, born late 1981)

Academics:
• GMAT: 750 (Q50, V42)
• GPA: 3.4 (Ivy League School) Double Major in Economics and a Humanities Major

Professional Experience:

Prior to Uni Graduation:
A) Selected for OCS and commissioned as an Infantry Officer in the Armed Forces
(My country has compulsory 2 year national service requirement)

B) Funded Ivy tuition with online (Ebay) and campus reselling of electronics. Grossed nearly 10-15K in sales per month with margins of over 40%. (this was before everyone and their grandmothers were reselling Dell computers and electronics on Ebay)

Post Undergraduate School:
A) 3 years in a front office role in a top tier investment bank in NY (however not a quant role) which also included constant interactions with CFOs, Corporate IR, and Hedge Fund / Long-only PMs and analysts in both the US and Asia Pac. Evaluation Reviews each year were within the top quartile of my peer group and received top tier bonuses in the two seasons I was eligible for.

B) Left IB in late 2009 to start a Import/Export (mainly high demand electronics) JV with PRC nationals and based in Shenzhen. Grossed over USD450K revenue in 2010 but due to changes in regulatory and tax environment (basically we got into a little conflict with a bureaucrat and he basically forced us out), we amicably dissolved the venture in June 2011.

Extracurricular:

College:
- Business manager in charge of fund raising activities and maintaining operating expenses for Chinese Orchestra
- Organized a concert-fair (concert with accompanying food and ticket sales going back into group coffers) with audience participation of over 200 students.
- Ran a resell business as stated above

Post College:
- Mentored New Hires to adopt supporting roles for senior staff at IB
- Joined company internal outreach program to counsel NY high school seniors on how to apply to college
- Events OIC (Officer-in-charge) of my reservist unit, organized social night for over 400 strength Battalion post training.
- consulted and helped co-ordinate changes in School Act for a private school. (Oh well, to explain this my mother was on the board of directors)

Professional Certifications:

1. Currently studying for CPA as I want to add accounting/regulatory knowledge into my skillset.
2. Series 7 / 63 Certification (however no longer valid as I am no longer with the firm)

Fluent in English, Chinese and Korean, currently studying Japanese.

*** Continued in next post due to character limit ***

Last edited by msnlivees on 11 Aug 2011, 20:46, edited 2 times in total.
Kaplan GMAT Prep Discount CodesKnewton GMAT Discount CodesManhattan GMAT Discount Codes
Intern
Intern
avatar
Joined: 11 Aug 2011
Posts: 4
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 11 Aug 2011, 12:14
Short Term Goal:
I feel I rushed into the JV because of a unique opportunity and while we initially started with a business plan and projected milestones that we were supposed to adhere to, once we got down into the trenches, it dissolved with the focus on day-to-day affairs and constant putting out of fires. Want to go to a business school to compare experiences and relearn entrepreneurship principals as I feel I did things a little haphazardly due to inexperience.

Long Term Goal:
To restart a venture playing on luxury good consumption by the Chinese. The demand is insane, the problem is on the supply side and getting it through customs and government red-tape which is also easy if you don't attract official attention but insane once you do...

Target Schools:

Wharton, Harvard, Columbia, Sloan, Kellogg, NYU, Ross, INSEAD, Duke, Tepper

Now I know many on my list are stretches for anyone just because they are what they are, but do you think its worth my time to apply at all or does my choice to go out of finance means I have to readjust my expectations. I'm hoping the differentiating characteristics (officer experience in the army, embarking on a JV even if it did ultimately "fail", and my constant entrepreneurship experiences since college) will help distinguish myself in the applicant pool.

Recommendations: 1 Rec to be written by an MD at old IB (for 4 applications), VP for the rest, & another to be written by my Chinese JV partner

Thanks.
Expert Post
Admissionado
User avatar
Joined: 30 Nov 2009
Posts: 3136
Location: Chicago, IL
Schools: Brown University, Harvard Business School
Followers: 43

Kudos [?]: 516 [0], given: 29

GMAT Tests User
Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 11 Aug 2011, 22:03
Expert's post
Ah you're not so old! I'm even older than you! :)

First of all, leaving the stats aside, you have a very interesting story. I do like the whole "Funded college through ebay" thing.. it's a rare story that PROVES you have real entrepreneurship capacities... you didn't just say you DID.

Things I love in your profile:
GMAT
Ivy League
Pan-Asian linguistic skills (this can be super useful if you have goals related to Asia)
Real Entrepreneurship
Military Leadership (this one is an ace in the hole)

Now, as for your age, it can be more of a problem as some schools than others (i.e. Harvard, Stanford, which are going more and more for young 'uns). A good place to look is at the "Average Age upon entrance" stat for each school.

But I have seen people get in as older candidates. The key is: To SHOW them that you really really NEED this MBA and that now is really really the perfect time. Other than that, the one thing that needs a lot of thought with your application is your goals: Is it clever to leave off Finance? Should you anyways revolve your goals around finance? etc. etc. This is something that won't become clear till we get to know each other better, but it's VERY important for you.

So, should you apply everywhere? If you have the time, absolutely. If not, maybe leave off Harvard. Maybe add another European school (which seem to be far more flexible in terms of age). Have you had a look at LBS, IMD?

Hope aaaaaalll this helps
_________________

Jon Frank
Founder, Admissionado

Admissionado.com

If you like the post, give it a KUDOS!

Intern
Intern
avatar
Joined: 11 Aug 2011
Posts: 4
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 11 Aug 2011, 22:50
Thanks for the super fast response! Within 12hrs of my post no less. Really appreciate your input, but if you don't mind a question, I wasn't sure what you meant when you asked if "is it clever to leave off Finance? Should you anyways revolve your goals around finance?"

The theme of my application would be that I would be going to business school precisely because I want to reattempt an entrepreneurial effort with a stronger knowledge foundation on how to run and manage a business. Wouldn't it weaken my message if I said I might possibly be interested in going back to finance (my first preference will always be to start my own venture, but I wouldn't mind putting the time in an investment bank to build more capital - I cashed out profitably in the volatile equity markets during 2009 where I bet all my bonus money. This was a big factor in explaining my risky career decision)

Thanks for the suggestion of LBS and IMD but because I intend to continue to offset the cost of my studies with reselling activities on my part, studying in Europe where I have absolutely no idea about the sourcing channels would be unlikely. I don't want two years of business school to empty out my bank account. :( Insead is only in my list because they have an Asia campus which would allow me to be closer to HK/Shenzhen (cheap 3hr air flights)

And agreed. I didn't consider Stanford at all because of their reputation for picking young blood. Did not realize Harvard was as bad.

Sorry for such a windy post. After this clarification I will only request more help if I decide to engage your services. One should always be compensated for one's efforts. ;) Cheers and thanks again!
Expert Post
Admissionado
User avatar
Joined: 30 Nov 2009
Posts: 3136
Location: Chicago, IL
Schools: Brown University, Harvard Business School
Followers: 43

Kudos [?]: 516 [0], given: 29

GMAT Tests User
Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 12 Aug 2011, 22:13
Expert's post
Well, one of the reasons I suggested having a look at European schools is that tend to be more global than US schools, so it may fit your needs, and usually spending a year or two is enough to get you connections. But that's up to you.

As for your question r.e. your goals, the point is that sometimes your goals need to be strategized to give you the best chances possible of getting accepted. And I wrote questions and not answers because it's something that requires both work and thought, so we would only figure it out once we start working together.

Hope this helps you good sir!
_________________

Jon Frank
Founder, Admissionado

Admissionado.com

If you like the post, give it a KUDOS!

Manager
Manager
avatar
Joined: 06 Jul 2011
Posts: 124
Schools: Columbia
Followers: 1

Kudos [?]: 12 [0], given: 3

Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 12 Aug 2011, 22:30
deleted. wrong post.
Intern
Intern
avatar
Joined: 11 Aug 2011
Posts: 4
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 13 Aug 2011, 22:06
Thank you, that helps so much. I think I understand what you mean, especially since the strength of some of these schools lie in their placements with bulge brackets and consulting firms. By the way, your website is excellent, and I especially like your analysis of the application questions for the top schools. I'm really conflicted as to whether or not to retain your services. I'll start my essays first and make the decisions once I have the rough drafts ready.
Expert Post
1 KUDOS received
Admissionado
User avatar
Joined: 30 Nov 2009
Posts: 3136
Location: Chicago, IL
Schools: Brown University, Harvard Business School
Followers: 43

Kudos [?]: 516 [1] , given: 29

GMAT Tests User
Re: Profile Evaluation: Front Office to Failed JV [#permalink] New post 14 Aug 2011, 00:49
1
This post received
KUDOS
Expert's post
Well, you let us know. And thanks for the compliments on the Website. If there's anything we can do to help you resolve your conflict, i.e. any questions whatever, just shoot us an email.
_________________

Jon Frank
Founder, Admissionado

Admissionado.com

If you like the post, give it a KUDOS!

    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Military Officer Evaluate my profile Duff 8 23 Mar 2012, 22:15
Profile Evaluation Request: Junior Military Officer Zarthul 2 11 Jul 2011, 17:30
Experts publish their posts in the topic Profile Evaluation Request- USMC Officer harper44 3 18 Jan 2011, 02:17
Profile evaluation request - Army Officer tomarsid 1 20 Jul 2010, 20:11
Profile Review- Military Officer swbluedevil 15 25 Jul 2009, 05:28
Display posts from previous: Sort by

Profile Evaluation: Front Office to Failed JV

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderator: JonAdmissionado



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.