Hey guys, many helpful (although sometimes conflicting) comments so far. Thanks!
I'm trying to gather some suggestions on my "Goal" for next year.
This year I applied with my stories about Environmental Protection businesses in China (est. $1 Trillion by 2030) and an anticipated Director role (which is basically business development as I have a strong network there) to my consulting firm's Shanghai Office after graduation. My recommendation letters from my supervisors highlighted those points with strong supports. And I've conveyed most of my ideas through the essays and interviews.
Arguably my future role is more about Marketing / Business Development / General Management type.
But is this a partial reason why I got dinged after interview at the top Finance schools (Booth & Wharton)? That I didn't show why I need an MBA from a Top finance school to do a BD/GM job?
And maybe a WL from Kellogg JD/MBA is that I didn't show why I need the JD? Arguably JD is very useful for my lobbying role for environmental change in China, since more regulations, more businesses for my firm.
And of course with my firm's work, people in China can enjoy a better standard of living (Compared to current horrible environment in Beijing and Shanghai), which is important to me personally (as my entire family are living there).
I have always believed to tell your true stories and I have told the truth with supports from recommenders. But it seems it's pretty difficult to show "Fit" to these top tier schools with heavy focus on IB/PE/HF/VC and MC, especially when you are not in those fields in the first place.
So I'm really puzzled...Should I "lie" about why I need an MBA? I could certainly talk a lot about "I'd like to switch a career to Equity Research Associate in the Mining and Metals or Oil and Gas sectors, and a Wharton MBA will help me get the training and contacts I need to become a successful Analyst in the future etc.", but working 16 hr days is not really something to look forward to post MBA. I have many close friends (Econ UG classmates) who are in IBs and Sales and Trading, and all told me the horror-stories about the 72hr no-shut-eye experiences.
Keeping in mind that the salary is not the question here. A $100,000 pay (or 700,000 RMB) in China is equivalent to a $300,000 pay in Canada, and maybe a $500,000 in NYC due to the huge difference in Cost of Living.
So guys, Please help me here?
Am I just really not "fit" for the best schools? Which T20 school is more "fit" for my background and goal? Should I settle for Rotman this year? I've already go through an interview with their dean and is pretty much a "in". But Rotman doesn't carry any weight at all in China. T7/Yale/Duke/Princeton/UC Berkeley etc. does.
And should I "Lie" about my intentions just to get into Wharton/Booth? I LOVE Wharton Campus and its network opportunities, and for Booth...well...it is THE "Chicago School" after all...
Thanks!!!
elevinty wrote:
luangm, wow man ur application is impressive
23 year old, and you hold cfa with all that experience, seriously how did u pull this off???
No I dont have CFA charter. I dont have the four years of experience. only exams, which is the easy part. sry for the confusion. I dont think anyone under the age of 25 (aside from couple of geniuses who got PhDs at 18, but again, they dont need CFA) is capable of pulling CFA charter off, you need a UG degree, 4 yrs of WE in finance and pass all exams.
Did Lv 1 in Dec. 07 after grad, Lv2 in June 08, Lv3 in June 09.
Did SOA 1/P in March 09, SOA 2/FM in May 09, SOA 3/MFE in Nov. 09.
Worked since May 07, so three yrs WE. Did Masters full time while working in 08, Graduate 09.
Hours are horrible. Head to work at 7am, finish at 6pm, grab a hotdog on the way, go to class at 6:15pm, class ends at 9:15pm. (I picked mostly night classes). Go home, shower, crush, repeat for one year.
Do research, homework, group project work etc. on Sat. & Sun.
Literally NO time for ECs, which is prob. why I got dinged