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FinTech Entrepreneurship at "Finance" Schools

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Joined: 20 Aug 2017
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FinTech Entrepreneurship at "Finance" Schools [#permalink]

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New post 20 Aug 2017, 18:56
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

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Status: MBA Admissions Consultant
Affiliations: 99colleges.com
Joined: 02 Jul 2015
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Schools: Wharton
FinTech Entrepreneurship at "Finance" Schools [#permalink]

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New post 21 Aug 2017, 21:46
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.
_________________

Anil, MBA (Wharton)| MBA Admissions Consultant

Consulting| Contact at anil@99colleges.com for your queries on MBA Admissions

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Re: FinTech Entrepreneurship at "Finance" Schools [#permalink]

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New post 22 Aug 2017, 11:25
CurrencyCrip wrote:
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


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
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https://ARINGO.com/ – MBA Admissions Consulting

Specializing in candidates with GMATs under 720

Try our free Admissions Chances Calculator - https://aringo.com/mba-admission-chances-calculator/

All statistics verified by Ernst & Young

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Re: FinTech Entrepreneurship at "Finance" Schools [#permalink]

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New post 23 Aug 2017, 03:49
Work out your goals.

I see Technology in your profile - as far as Industry goes. I don't see Technology as a function. And I absolutely don't see Finance anywhere in your past based on what you've described to me.

So why FinTech, other than the fact that it is cool to talk about now?

Please get me right - I'm not saying you need experience in FinTech to work in FinTech. I'm saying - if you are as interested in FinTech as you say you are, wouldn't it be logical for you to have already worked in one such firm?

Summary: You have a good profile, but make sure your goals match. your GMAT might put you in the back seat for some of the top colleges. But if you have good extra-curriculars, etc. places like CBS and Stern might do ok.

Regards,
Karthik

CurrencyCrip wrote:
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

_________________

Karthik P.
Founder and CEO,
August Academy.

We are an India based MBA admissions consulting firm. We've been helping Indian MBA applicants (students belonging to the most competitive MBA admissions pool) since 2013. Several of our students study at top 20 schools in the US including Kellogg, MIT, Yale, Ross and Darden, top European schools including London Business School and Oxford, top Canadian schools like Rotman and top Asian schools like ISB and NUS. Our students have won over USD 2.1 Million in scholarships over the last 3 admissions years.

Schedule a free consultation with us.

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Re: FinTech Entrepreneurship at "Finance" Schools   [#permalink] 23 Aug 2017, 03:49
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FinTech Entrepreneurship at "Finance" Schools

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