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23 Apr 2024, 08:00
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| FROM LBS MiM Admissions Blog: Journeying from Consulting to Private Equity |
 My Journey to Consulting With a broad horizon of professional possibilities to choose from, selecting a career path can often be a daunting and challenging process. To approach this decision, I opted to explore various fields that piqued my interest, intending to refine my career choice through experiential elimination, which led me to the consulting sector. Having carried out a Bachelor of Business Administration, I had repeatedly been exposed to the consulting field through consulting-like class projects and discussions with professionals within the field. The prospect of working with talented professionals on a variety of projects in different industries, solving complex business problems, understanding the ins and outs of client centricity, and developing both my soft and technical skills propelled me to undertake an end-of-studies internship in consulting. During my internship, I was also in the process of writing my thesis on “Company Valuation and the Acquisition Methodology,” as the topic of mergers and acquisitions (M&A) had long fascinated me. Needless to say, M&A often appears in the latest news, sparking my interest as well as questions concerning M&A. Why do companies spend substantial amounts of money on acquisitions? What are the motivations behind these deals? How is the final price agreed upon? The answers to these questions can often be a mystery, which led to my desire to uncover the rationale hidden in plain sight by conducting theoretical and academic research alongside interviewing professionals within the industry. Not only did my thesis allow me to discover the topic of M&A, but it also allowed me to apply theory to my work in the financial services sector. My experience in financial services consulting during my internship provided me with a plethora of skills and served as a unique learning experience, enriching both my professional and personal development. Choosing London Business School My professional experience also led me to the realisation that there was so much more to learn, and although I already had a business background, the Master in Management (MiM) programme at LBS particularly sparked my interest due to the diversified core courses, which would allow me to delve even deeper into the subjects I had studied in my undergraduate degree, but also tailor the many available electives to my interest, learn from distinguished faculty members across numerous disciplines, and develop a strong network (among many other aspects!). Prior to my arrival in London, my goal was to pursue a career in financial services consulting. From the get-go, LBS provided significant support in assisting me with selecting a career direction and preparing for applications. From the Curriculum Vitae (CV) reviews in the summer leading into the start of the course to the one-to-one meetings with the career centre faculty, LBS truly demonstrated a strong commitment to ensuring the success of students post-MiM. Upon my arrival at LBS in August, I leveraged the Career Centre to help guide me through the recruiting process and get general advice concerning my chosen career path. After many discussions with various sector experts, faculty, and MBA students, I realised that I wanted to pursue a career in M&A. Although recruitment had already started for investment banking and private equity, I jumped right on the bandwagon with the help of the career centre and MBA mentors, who supported me through curriculum vitae and cover letter reviews and fit and technical practice interviews. I sent out countless job applications, some more successful than others, and prepared for technical interviews whenever I had some down time in order to make sure that I was always prepared for a potential interview. It was not an easy process; it required significant time, effort, and energy over a long period of time. But, with the support of the career centre, family, and friends, I found that my most valuable skills were optimism and perseverance. After months of searching, I finally saw the light at the end of the tunnel: I successfully secured an internship in the private equity sector. With that being said, despite the intimidating nature of the recruitment process, I gained considerable insights throughout, and I would like to share a few key insights I wish I’d had before jumping into the recruitment process. Key Lessons and Advice
Written by Smilla Høgh MiM2024 |
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24 Apr 2024, 07:00
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| FROM LBS MiF Admissions Blog: WHAT IS A GMAT/GRE? AND HOW TO REQUEST A WAIVER FOR THE MASTERS IN FINANCE PRE APPLICATION |
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What is a GMAT or GRE? These tests are important tools which allow the Admissions Committee to assess your aptitude for rigorous graduate/business study. Both exams are multiple-choice, computer-based standardised exams, both tests will have multiple sections, including but not limited to, verbal reasoning and quantitative reasoning. Both GMAT and GRE have undergone changes to their tests in the last few months, so it’s worth updating yourself on those changes as you start to prepare. At London Business School, we review applications with a holistic approach so your test score will be one component considered alongside other application elements, such as your previous academics, your work experience so far, the quality of your essays, your professional reference etc. Do I have to take the GMAT or GRE test? The GMAT/GMAT Focus or GRE is a mandatory requirement of the application process, acting as a supporting document to your online application. However, in some cases the Admissions Committee can grant waivers to applicants who can demonstrate previous academic excellence, strong grades with an emphasis in quantitative subjects and outstanding professional finance experience. How will I know if I am eligible for a waiver? For the Masters in Finance, applicants who have obtained a CFA II or above will receive an automatic GMAT/GRE waiver. As this waiver is guaranteed, you do not need to contact our Recruitment and Admissions team in advance for this to be granted. If you do not hold a CFA II or above but would like to be considered for a GMAT/GRE waiver, we encourage you to submit your CV, full academic transcripts and a short supporting statement demonstrating your quantitative skills and experience. In writing this statement you are welcome to include academic and professional qualifications, employment experience or any other relevant information. Please email the documents and statement to [email protected] before submitting your application. What scores are Admissions looking for? Our class scores for GMAT have traditionally ranged anywhere from 600 up to 780. In the new GMAT Focus Edition test, this is roughly equivalent to a range of 565-785. Submitting with a high score (GMAT 680+, GMAT Focus 635+ or GRE 155 Verbal and 165 Quantitative) can positively impact your Masters in Finance application, and can offset any possible weaknesses in your university grades. However, it’s important to reiterate that GMAT/GRE scores are just one part of the application. A higher score does add weight to a profile, but it doesn’t guarantee admission. Similarly, a low score doesn’t automatically discount you from the process. Does the Admissions committee have a preference over GMAT or GRE? We have no preference between GMAT and GRE, it will not have any impact on your application whether you choose to do GMAT or GRE, we look at them both equally. Our advice here is to take practice tests for both GMAT and GRE to determine which best suits you. Practice the GMAT test with London Business School’s GMAT simulator. GMAT practice tests are also available via mba.com and GRE practice tests available via ets.org. If you have any further questions regarding a GMAT/GRE waiver please email [email protected] |
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25 Apr 2024, 04:01
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| FROM LBS MiM Admissions Blog: Breaking Barriers and Building Bridges: My Experience with EUROUT’s Corporate Engagement Team |
 Diving into the intricate process of orchestrating the annual EUROUT conference alongside the Out in Business Club at London Business School has been an immensely transformative journey. In a world that is gradually recognizing the importance of diversity and inclusion, this experience has allowed me to witness the pivotal role played by the corporate sector in fostering an inclusive environment for everyone. In this blog post, I invite you to join me as I reflect on my time within EUROUT’s Corporate Engagement Team, working collaboratively to bridge the gap between corporate worlds and diverse talents. EUROUT: A Beacon for diversity and inclusion on a global scale The Out in Business Club at London Business School (LBS) is a vibrant and inclusive community dedicated to empowering LGBTQ+ students and allies. Beyond its role in organizing the EUROUT conference, the club plays a crucial year-round role in creating a supportive environment within the academic realm. The Out in Business Club (OiB) serves as a nexus for networking, mentorship, and skill-building, providing its members with resources to navigate and thrive in the corporate landscape. Committed to fostering dialogue and promoting diversity, the club organizes a myriad of events, from insightful speaker series to skill development workshops. These initiatives not only enrich the academic experience but also contribute to the broader goal of creating a more inclusive corporate world. The main event organized by OiB is EUROUT—an annual conference designed to empower LGBTQ+ graduate business students to build the life and career they want. EUROUT stands as a beacon for diversity and inclusion on a global scale, striving to create spaces where individuals from all walks of life feel valued and empowered. Day-to-Day Efforts: Forging partnerships and breaking barriers EUROUT is orchestrated by an executive committee within the Out in Business Club, uniting members of the community and allies who collaborate within designated sub-teams. I am proud to be a member of the Corporate Engagement Team, where our mission is to forge connections within the corporate sphere to make EUROUT successful. Our goals are multifaceted. Firstly, we work to raise funds for the organization of EUROUT, the running of the club year-round, and the scholarships put in place by OiB. Additionally, we engage with companies to organise corporate events such as the careers fair and coffee chats during the conference. Most of our work within the Corporate Engagement Team took place in the months leading up to the conference. We diligently reached out to prior sponsors and compiled a list of potential companies to collaborate with. Actively seeking partnerships with organizations committed to fostering diversity and inclusion on a global scale became our mission. Then came the outreach phase, where I sent hundreds of emails and LinkedIn messages in hopes that they would reach the right person. Here, I learned that persistence and personalizing messages are key to breaking through. Understanding the individuals, I was reaching out to allowed me to adapt my message so that it would stand out amidst their busy schedules. Follow-up, I discovered, is also essential, given that these professionals have varied priorities. It became clear that maintaining a continuous dialogue and demonstrating genuine interest were critical elements in building successful partnerships. The outreach efforts from the Corporate Engagement Team were truly a collaborative endeavour. Every member of the Out in Business Club contributed by reaching out to their contacts, expanding our outreach to more companies. The collective effort was palpable as individuals outside the Corporate Engagement Team generously offered their support, leading pitching calls when needed. Valuable advice poured in from various corners, guiding the organization of the career fair and coffee chats. It was heartening to witness the commitment of everyone involved, transcending their responsibilities in other EUROUT sub-teams to ensure the success of these events. This collective dedication made EUROUT not just an event but a transformative experience for all involved. Thanks to this collective effort, we managed to raise £ 100,000 for EUROUT and the scholarship. The Executive Committee: A story of collaboration  One of the most profound learnings from my experience within EUROUT’s Corporate Engagement Team has been the undeniable power and benefits of collaboration. As we worked diligently to forge connections with corporate partners, I witnessed firsthand how collaboration amplifies our collective impact. Collaborating within the CE team and more broadly with members of the club, not only expanded our reach but also enriched the depth of our initiatives. Through these collaborations, we discovered innovative approaches to fundraising, gained access to a broader network of potential sponsors, and enhanced the overall quality of the conference experience. Moreover, the synergy generated by collaborative efforts fostered a sense of unity and shared purpose. The exchange of ideas and perspectives within our team and with our corporate partners led to creative solutions and a more inclusive approach to our outreach. This experience reinforced the notion that true progress in fostering diversity and inclusion is achieved through cooperative endeavours. The collaborative ethos wasn’t restricted to specific roles either; it manifested in an open exchange of ideas and resources, especially during the three days of the conference. This collaborative spirit wasn’t confined to scheduled meetings or official channels; it became an organic part of our day-to-day interactions. In brainstorming sessions, quick problem-solving meetings, and last-minute communication requests, team members consistently pitched in to support one another, creating a collaborative environment that went beyond assigned roles. The benefits of collaboration extended beyond the immediate goals of EUROUT, permeating into the broader mission of the Out in Business Club. Our collaborative efforts laid the foundation for lasting relationships with corporate partners who share our commitment to creating an inclusive corporate landscape. These partnerships extend beyond the conference, contributing to the year-round support and mentorship programs facilitated by the club. The collective readiness to face challenges at any time and help where needed transformed EUROUT into more than just a conference; it became a community driven by a shared commitment to inclusivity and empowerment. As I reflect on this aspect of the journey, I am struck by the realization that the true success of EUROUT lies not just in the execution of the conference but in the bonds of collaboration that were forged, laying the groundwork for a legacy of unity and support within the Out in Business Club. In conclusion, working with EUROUT’s Corporate Engagement Team has been a global journey of growth, learning, and connection. If you are enthusiastic about fostering diversity, inclusion, and positive change on a global scale, consider joining similar initiatives. Together, let’s continue to pave the way for a more inclusive future, transcending borders and building bridges that connect us all. Written By Bianca-Rose Mao, MiM 2024 |
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