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20 Aug 2017, 18:56
Kudos
Bookmarks
Hello,
I was hoping to ask a general question as it relates to my situation.
I am interested in the technology and entrepreneurship. I plan to switch into FinTech and more specifically within the payments/lending space. Since FinTech is a hybrid between Technology and Finance, I am targeting schools that are strong in both realms. My general question is: will it be more competitive for me to apply to the likes of say Wharton/CBS/Booth that are traditionally "finance schools" since they will have less seats for my "profile" or will it actually be an advantage as these schools look to increase their presence in FinTech? Just curious if you have seen schools be more forgiving here then in overrepresented paths like Finance/Consulting.. I could also see how Entrepreneurs and applicants for Tech could worry admissions officers since recruiting and job placement isn't as structured.
Some background on my profile:
27 year old male from Chicago
2 years experience at startup and 3 years experience at large Tech (Amazon/Google/Facebook)
Multiple Awards at larger company
Currently working in Sales & Operations of most profitable group. Top performer.
3.1 GPA while Division 1 lacrosse scholarship athlete. Major public university.
730 GMAT (49Q/40 V)
Co-Chair of Board supporting Elementary Education
Board Member of another Youth Education Organization
Strong LOR's from Senior Leaders taking on Projects with critical business results
Have taken 2 courses to build alternative transcript in Calculus and Accounting- Earning A's in both
Goals: Entrepreneurship
Schools I am targeting:
Booth
CBS
UCLA
NYU
I was hoping to ask a general question as it relates to my situation.
I am interested in the technology and entrepreneurship. I plan to switch into FinTech and more specifically within the payments/lending space. Since FinTech is a hybrid between Technology and Finance, I am targeting schools that are strong in both realms. My general question is: will it be more competitive for me to apply to the likes of say Wharton/CBS/Booth that are traditionally "finance schools" since they will have less seats for my "profile" or will it actually be an advantage as these schools look to increase their presence in FinTech? Just curious if you have seen schools be more forgiving here then in overrepresented paths like Finance/Consulting.. I could also see how Entrepreneurs and applicants for Tech could worry admissions officers since recruiting and job placement isn't as structured.
Some background on my profile:
27 year old male from Chicago
2 years experience at startup and 3 years experience at large Tech (Amazon/Google/Facebook)
Multiple Awards at larger company
Currently working in Sales & Operations of most profitable group. Top performer.
3.1 GPA while Division 1 lacrosse scholarship athlete. Major public university.
730 GMAT (49Q/40 V)
Co-Chair of Board supporting Elementary Education
Board Member of another Youth Education Organization
Strong LOR's from Senior Leaders taking on Projects with critical business results
Have taken 2 courses to build alternative transcript in Calculus and Accounting- Earning A's in both
Goals: Entrepreneurship
Schools I am targeting:
Booth
CBS
UCLA
NYU
21 Aug 2017, 21:46
Kudos
Bookmarks
Hi CurrencyCrip,
I think what matters more is how well your career goals are aligned (more so, in case of entrepreneurship where paths, as you pointed out, are unstructured and fraught with uncertainties) with your past work and interests. Since you’ve worked in a startup and few technology firms, you may have the fodder to craft a credible story. Wharton/CBS/Booth having less seats for your ‘profile’ shouldn’t be a concern? Let me explain it this way: If more applicants get in from popular feeder industries such as consulting, they also face much bigger applicant pools. I hope this clarifies.
On another note, you’ll find flavor of fintech – specialization or electives - at most schools these days, Stern, MIT, and Haas being few examples.
I think what matters more is how well your career goals are aligned (more so, in case of entrepreneurship where paths, as you pointed out, are unstructured and fraught with uncertainties) with your past work and interests. Since you’ve worked in a startup and few technology firms, you may have the fodder to craft a credible story. Wharton/CBS/Booth having less seats for your ‘profile’ shouldn’t be a concern? Let me explain it this way: If more applicants get in from popular feeder industries such as consulting, they also face much bigger applicant pools. I hope this clarifies.
On another note, you’ll find flavor of fintech – specialization or electives - at most schools these days, Stern, MIT, and Haas being few examples.
22 Aug 2017, 11:25
Kudos
Bookmarks
CurrencyCrip
Hello,
I was hoping to ask a general question as it relates to my situation.
I am interested in the technology and entrepreneurship. I plan to switch into FinTech and more specifically within the payments/lending space. Since FinTech is a hybrid between Technology and Finance, I am targeting schools that are strong in both realms. My general question is: will it be more competitive for me to apply to the likes of say Wharton/CBS/Booth that are traditionally "finance schools" since they will have less seats for my "profile" or will it actually be an advantage as these schools look to increase their presence in FinTech? Just curious if you have seen schools be more forgiving here then in overrepresented paths like Finance/Consulting.. I could also see how Entrepreneurs and applicants for Tech could worry admissions officers since recruiting and job placement isn't as structured.
Some background on my profile:
27 year old male from Chicago
2 years experience at startup and 3 years experience at large Tech (Amazon/Google/Facebook)
Multiple Awards at larger company
Currently working in Sales & Operations of most profitable group. Top performer.
3.1 GPA while Division 1 lacrosse scholarship athlete. Major public university.
730 GMAT (49Q/40 V)
Co-Chair of Board supporting Elementary Education
Board Member of another Youth Education Organization
Strong LOR's from Senior Leaders taking on Projects with critical business results
Have taken 2 courses to build alternative transcript in Calculus and Accounting- Earning A's in both
Goals: Entrepreneurship
Schools I am targeting:
Booth
CBS
UCLA
NYU
I was hoping to ask a general question as it relates to my situation.
I am interested in the technology and entrepreneurship. I plan to switch into FinTech and more specifically within the payments/lending space. Since FinTech is a hybrid between Technology and Finance, I am targeting schools that are strong in both realms. My general question is: will it be more competitive for me to apply to the likes of say Wharton/CBS/Booth that are traditionally "finance schools" since they will have less seats for my "profile" or will it actually be an advantage as these schools look to increase their presence in FinTech? Just curious if you have seen schools be more forgiving here then in overrepresented paths like Finance/Consulting.. I could also see how Entrepreneurs and applicants for Tech could worry admissions officers since recruiting and job placement isn't as structured.
Some background on my profile:
27 year old male from Chicago
2 years experience at startup and 3 years experience at large Tech (Amazon/Google/Facebook)
Multiple Awards at larger company
Currently working in Sales & Operations of most profitable group. Top performer.
3.1 GPA while Division 1 lacrosse scholarship athlete. Major public university.
730 GMAT (49Q/40 V)
Co-Chair of Board supporting Elementary Education
Board Member of another Youth Education Organization
Strong LOR's from Senior Leaders taking on Projects with critical business results
Have taken 2 courses to build alternative transcript in Calculus and Accounting- Earning A's in both
Goals: Entrepreneurship
Schools I am targeting:
Booth
CBS
UCLA
NYU
Excellent question but sadly, I think all answers to it will be speculation, as the fintech industry is relatively new in terms of publicity at least so we don’t really have a lot of trends to look at, going 5 years back or so like we do for other niches or types of profiles. But my guess is that most schools will see the value of a fintech heavy profile such as yours, but as I said, I can’t be completely sure.
I’d recommend that you take a look at the business schools that have made some changes related to fintech in their curriculum recently, such as NYU Stern, Haas, MIT Sloan and Columbia as I think they would really appreciate your profile so your chances would probably be better than most other applicant’s there. (And these are all excellent schools, of course!)
But by all means, apply to the others mentioned too, as I think your chances at those schools should be pretty good as well. (Feel free to be in touch should you need any assistance with any part of the application of course! https://aringo.com/mba-process-registration/)
JL
