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13 Oct 2020, 07:47
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I am currently working as an Actuary (Risk and Insurance), planning to apply for HBS in 2 years by when I will have a pay of $140k and 5 years of experience. I will also be credentialed to be an FSA (the highest credential as an Actuary). Before starting as an Actuary, I worked for the Government of India as an Inspector for 3 years after which I did Masters in Actuarial Science.
I have no qualms that I will get a score of 740-760 in GMAT. I had a GPA of 4 in my Masters.
What are my chances to get into HBS? IF I get in, how can HBS MBA better my career in terms of pay and leadership (especially in the Finance/Insurance world)?
Pooja
I have no qualms that I will get a score of 740-760 in GMAT. I had a GPA of 4 in my Masters.
What are my chances to get into HBS? IF I get in, how can HBS MBA better my career in terms of pay and leadership (especially in the Finance/Insurance world)?
Pooja
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chaotik1600
Current Student
Joined: 24 Jul 2019
Last visit: 24 Mar 2021
Posts: 19
Given Kudos: 3
Location: United States (NY)
Concentration: Strategy, Organizational Behavior
Schools: Kellogg '23 (A$) Tuck '23 (A$) Darden '23 (A$) Yale '23 (A$) Harvard '23 (D) Stanford '23 (D)
GMAT 1: 730 Q50 V39
Schools: Kellogg '23 (A$) Tuck '23 (A$) Darden '23 (A$) Yale '23 (A$) Harvard '23 (D) Stanford '23 (D)
GMAT 1: 730 Q50 V39
Posts: 19
13 Oct 2020, 09:38
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I have a similar background (5 years actuarial but just switched to strategy). The FSA isn’t seen in any different light than a CPA or CFA, except that it’s less well known. Also, don’t take the GMAT for granted, and I know several fellowship actuaries who struggled and never hit those numbers.
Hard to assess your chances at HBS since you didn’t give much. I also just got dinged at HBS 😅. Several of my friends have been successful in T10 MBA pursuits (H/S/W included), but being an actuary isn’t any advantage so you still need the strong stats and story.
If you’re looking to stay in the same actuarial space, the MBA may not provide as much value compared to simply continuing to work. The MBA will give you the license to hustle for other leadership opportunities, and beyond that it depends on what work you want to do.
Posted from my mobile device
Hard to assess your chances at HBS since you didn’t give much. I also just got dinged at HBS 😅. Several of my friends have been successful in T10 MBA pursuits (H/S/W included), but being an actuary isn’t any advantage so you still need the strong stats and story.
If you’re looking to stay in the same actuarial space, the MBA may not provide as much value compared to simply continuing to work. The MBA will give you the license to hustle for other leadership opportunities, and beyond that it depends on what work you want to do.
Posted from my mobile device
13 Oct 2020, 21:03
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Hi Pooja
Strong work experience it seems but you did not give enough information to let people help you assess your chances at HBS. A great GMAT will always be helpful but what matters is also what story are you going to tell about your MBA ambitions.The HBS essay is notoriously one of the most challenging and it requires quite some introspection about your life experiences and your future aspiration. Be prepared to tell a great story of why you want an MBA, why HBS and what you want to do with it afterwards. Additionally your resume should show clear career progression and you should also have notable leadership experiences. Candidates we have gotten into HBS have told exceptional stories as changemakers and it matters to be introspective about what you want to contribute to the world, besides just the job you are trained for.
As for career prospects post MBA, i agree with chaotic1600 assessment up there especially as far as actuary goes. With its exceptional brand and alumni network, HBS can take you far into whatever career path you decide on.
You can contact Zambuko Advisory for a consultation on how to prepare the best MBA application you can!
Strong work experience it seems but you did not give enough information to let people help you assess your chances at HBS. A great GMAT will always be helpful but what matters is also what story are you going to tell about your MBA ambitions.The HBS essay is notoriously one of the most challenging and it requires quite some introspection about your life experiences and your future aspiration. Be prepared to tell a great story of why you want an MBA, why HBS and what you want to do with it afterwards. Additionally your resume should show clear career progression and you should also have notable leadership experiences. Candidates we have gotten into HBS have told exceptional stories as changemakers and it matters to be introspective about what you want to contribute to the world, besides just the job you are trained for.
As for career prospects post MBA, i agree with chaotic1600 assessment up there especially as far as actuary goes. With its exceptional brand and alumni network, HBS can take you far into whatever career path you decide on.
You can contact Zambuko Advisory for a consultation on how to prepare the best MBA application you can!
