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Profile Evaluation - Risk Management

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Author Message
1 KUDOS received
Current Student
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Joined: 11 Sep 2012
Posts: 28
Concentration: Finance, Leadership
GMAT 1: 710 Q48 V39
GPA: 3
WE: Analyst (Other)
Followers: 1

Kudos [?]: 7 [1] , given: 0

Profile Evaluation - Risk Management [#permalink] New post 13 Sep 2012, 19:09
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Nationality: Indian citizen, Singapore Permanent Resident

Age: 26 (by next year fall)

GMAT: 710 (M48 V39), 6.0 AWA, 7.0 IR

Work experience: 4 years
2 years at a leading international bank in credit risk management focusing on specialized industries like private equity, leverage finance and diamond trading
2 years at one of the world’s largest commodities traders in credit risk management spanning 20 commodities across 65 countries

Education: Undergrad in Economics and Finance from Singapore Management University (SMU) – a new-age school launched in 2000 with significant prestige in Asia
GPA: 3.0 / 4 (Graduated with Merit)
Teaching Assistant for 3 Political Science courses and Research Assistant for Professor in recently published book about Poverty in China

Professional Qualifications:
Financial Risk Manager – Certified FRM (It’s like the CFA for Risk)
Chartered Alternative Investment Analyst – CAIA Level 1

Background: I am ambitious, hard-working and focused on building my way to become a Chief Risk Officer as my long term plan. Currently, I approve trading strategies for futures and non-futures traded commodities in countries like Ghana, Mozambique, Costa Rica and Vietnam. I left my more traditional role in banking to accept my current role which carries significant responsibility and is a great learning experience. A recent highlight included receiving an out-of-turn promotion at my current firm.

I would appreciate an evaluation of my chances.

Target schools (order of preference):
INSEAD
London Business School
Yale
Columbia
Oxford
NYU
Cornell
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Expert Post
MBA Admissions Consulting
User avatar
Joined: 25 Jan 2010
Posts: 840
Followers: 51

Kudos [?]: 178 [0], given: 195

Re: Profile Evaluation - Risk Management [#permalink] New post 14 Sep 2012, 02:19
Expert's post
Hey longranger,

Thanks for reaching out to me.

Your 4 years of work experience - especially because it is within investment banking does set you apart from the traditional Indian (IT) applicant. With respect to sheer work months, you already know that US programs will likely consider it ample experience. It's borderline at EU programs. They want to see an average age of 28 or 29. In fact, a lot of EU programs have a hard and fast minimum work requirement to consider you for admittance; making you the runt of the pack in that respect (at the age of 26).

Your international experience (thus far in Singapore) you listed should not be sold short. It's up to you to leverage those experiences in your essays. Of course this requires you to examine how the programs you are applying to ask you about your work experiences. If the essays lean heavily towards international experience, team diversity, cultural barriers, etc., then you may come up a little short if asked to provide multiple examples. Review each school's current essays and see what stories you can form - without repeating the same international example.

In general, your bright spot seems to be your current work experience. I would have needed a little more information into your leadership/management responsibilities to determine if it really is that great. Beyond higher than average test scores, what I believe is most important for an Indian applicant is to possess significant international work experience. I think it is very compelling that you are able to work in overseas - and work with international clients (I believe that this is the case.) I think if you can get another year of this type of international management experience, INSEAD would love to have a look at your profile (it also helps to get another year older!)

What hurts you in particular is your GMAT - but you already knew this. So how much does it hurt you? Well, it is a marginally competitive score for your particular applicant pool. I know it does not hurt you as much with the EU programs. At the US programs, you are going to need to get in the low to mid 700s (higher than 710) to be at par with the rest of your applicant pool. This being said (I hate being the bearer of bad news) and based on the limited information that I have, programs in the top 10 are most likely just slightly out of reach. So that does hurt you at Yale and CBS. I also think you are going to have problems at NYU (everyone and their sister in finance applies to both NYU and Columbia). I would look at programs around the 15 + mark in the business school rankings. I do think that Cornell would be a good choice btw.

Respectfully,
Paul Lanzillotti

longranger wrote:
Nationality: Indian citizen, Singapore Permanent Resident

Age: 26 (by next year fall)

GMAT: 710 (M48 V39), 6.0 AWA, 7.0 IR

Work experience: 4 years
2 years at a leading international bank in credit risk management focusing on specialized industries like private equity, leverage finance and diamond trading
2 years at one of the world’s largest commodities traders in credit risk management spanning 20 commodities across 65 countries

Education: Undergrad in Economics and Finance from Singapore Management University (SMU) – a new-age school launched in 2000 with significant prestige in Asia
GPA: 3.0 / 4 (Graduated with Merit)
Teaching Assistant for 3 Political Science courses and Research Assistant for Professor in recently published book about Poverty in China

Professional Qualifications:
Financial Risk Manager – Certified FRM (It’s like the CFA for Risk)
Chartered Alternative Investment Analyst – CAIA Level 1

Background: I am ambitious, hard-working and focused on building my way to become a Chief Risk Officer as my long term plan. Currently, I approve trading strategies for futures and non-futures traded commodities in countries like Ghana, Mozambique, Costa Rica and Vietnam. I left my more traditional role in banking to accept my current role which carries significant responsibility and is a great learning experience. A recent highlight included receiving an out-of-turn promotion at my current firm.

I would appreciate an evaluation of my chances.

Target schools (order of preference):
INSEAD
London Business School
Yale
Columbia
Oxford
NYU
Cornell

_________________


Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton

Current Student
avatar
Joined: 11 Sep 2012
Posts: 28
Concentration: Finance, Leadership
GMAT 1: 710 Q48 V39
GPA: 3
WE: Analyst (Other)
Followers: 1

Kudos [?]: 7 [0], given: 0

Re: Profile Evaluation - Risk Management [#permalink] New post 14 Sep 2012, 02:38
Hi Paul,

Thanks for the comprehensive profile evaluation! I feel you've done a great job benchmarking me to my demographic pool, because fortunately or unfortunately, thats what happens in life.

International Experience - Like I said, if anything, my job is VERY international. I work with government tenders in Bangladesh and Ghana, and with the UN in Cote D'Ivoire. An average day for me has conference calls with our traders based in countries like Poland, Belarus or Uruguay, where I have to be familiar with the particular economy in order to add value. Another highlight for my international experience was that I was handpicked by my organization's Chief Risk Officer to go to upcountry Vietnam for a personalized induction process. I visited warehouses larger than football fields, and had the opportunity to interact with local business in a great way.

Current Work experience - Like I said, I approve credit and currency limits for my organization's trading activities across the world. Its a job that is usually meant for someone older, and I am the youngest member in my department. My recent promotion has also seen me rise to a position above some of my older colleagues.

GMAT - I'm extremely aware of this being on the lower side. Like most Indian applicants, I'm comfortable with Quant, and have the high scores during my school exams (90%+) to back that up. I made a mistake on the very first question of my GMAT, which caused my Math to be 48, when I was usually hitting 50 on my practice tests. That said, I'm not sure a retest would help, because I wouldnt cross 730/740.

Schools - Some other courses I'm applying for at the MFin at Princeton, the MIB at Tufts, the MSc in Risk Management at Imperial, and the MBA at IIM Ahmedabad. Are there any other schools you would recommend I should try at? I've heard suggestions about Duke, Carnegie Melon and UNC.

Once again, thanks again for taking out time to help me!
Expert Post
MBA Admissions Consulting
User avatar
Joined: 25 Jan 2010
Posts: 840
Followers: 51

Kudos [?]: 178 [0], given: 195

Re: Profile Evaluation - Risk Management [#permalink] New post 14 Sep 2012, 14:14
Expert's post
Hey longranger,

It was my pleasure.

Respectfully,
Paul Lanzillotti

longranger wrote:
Hi Paul,

Thanks for the comprehensive profile evaluation! I feel you've done a great job benchmarking me to my demographic pool, because fortunately or unfortunately, thats what happens in life.

International Experience - Like I said, if anything, my job is VERY international. I work with government tenders in Bangladesh and Ghana, and with the UN in Cote D'Ivoire. An average day for me has conference calls with our traders based in countries like Poland, Belarus or Uruguay, where I have to be familiar with the particular economy in order to add value. Another highlight for my international experience was that I was handpicked by my organization's Chief Risk Officer to go to upcountry Vietnam for a personalized induction process. I visited warehouses larger than football fields, and had the opportunity to interact with local business in a great way.

Current Work experience - Like I said, I approve credit and currency limits for my organization's trading activities across the world. Its a job that is usually meant for someone older, and I am the youngest member in my department. My recent promotion has also seen me rise to a position above some of my older colleagues.

GMAT - I'm extremely aware of this being on the lower side. Like most Indian applicants, I'm comfortable with Quant, and have the high scores during my school exams (90%+) to back that up. I made a mistake on the very first question of my GMAT, which caused my Math to be 48, when I was usually hitting 50 on my practice tests. That said, I'm not sure a retest would help, because I wouldnt cross 730/740.

Schools - Some other courses I'm applying for at the MFin at Princeton, the MIB at Tufts, the MSc in Risk Management at Imperial, and the MBA at IIM Ahmedabad. Are there any other schools you would recommend I should try at? I've heard suggestions about Duke, Carnegie Melon and UNC.

Once again, thanks again for taking out time to help me!

_________________


Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton

Current Student
avatar
Joined: 11 Sep 2012
Posts: 28
Concentration: Finance, Leadership
GMAT 1: 710 Q48 V39
GPA: 3
WE: Analyst (Other)
Followers: 1

Kudos [?]: 7 [0], given: 0

Re: Profile Evaluation - Risk Management [#permalink] New post 17 Dec 2012, 20:44
Just an update - I got rejected everywhere, but got accepted to Oxford (Said) in R1, and I'm quite happy about it! Thanks for your help. Clearly elite school MBA admissions arent straight-forward and we need all the help we can get!
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