Brettcement
Hello everyone,
Honestly, I have never been fond of these types of posts because I understand how difficult it is to evaluate people off of a one-paragraph profile. That being said, I seriously have a lack of confidence which is holding me back from getting my applications ready to go. I would really appreciate your response and for taking the time to review my background.
Firstly, why MSc?
Honestly, I've been 50-50 about applying. I know a lot of you will instantly say I shouldn't go forward unless I'm 100%, but with the pandemic, it has severely altered the job market and it has me uncertain about a lot of things. I have a passion for finance, particularly equity research or S&T , or WM (pretty much anything buy-side that doesn't work 90+ hours). Additionally, as I will mention in my stats section, I go to a state school in New York which is a top state school, but, nonetheless, is still a state school. At my current internship, I'm the only guy at a non-target school and pretty much have 0 chance of competing with Harvard, Wharton, and Stanford applications at top firms. Getting a MSc or MiF could give me the chance to study at a top school for a year or two and allow me to compete with other target school graduates when the job market fully recovers. I hope this makes sense.
Background
I transferred from one school to my current school in my second semester of sophomore year. At my current school, I have a 3.71 GPA (graduating with about 59 credits from this school). At my previous school, I culminated 67 credits with a 3.20 GPA (I know, this might destroy my chances at any top school). I was pretty depressed and did not feel challenged (sounds generic, but it's true) hence my low GPA at this school.
I will be graduating with honors at my current school, likely Summa Cum Laude. If they look at my CGPA with the combined GPAs, I believe it should be around a 3.42. This is my main concern. I don't know how they will look at this GPA.
GRE- taking it very soon, expecting 167+ on Quant & 164+ on Verbal, based upon practice exams.
Founded a web design and marketing company, grossed 450k+ in 2 years. This was my Freshman/Sophomore year of university. Coordinated a team of six off-shore developers as well as a product marketing team, completing over 92 small to medium scale projects.
In my junior year, I started day trading equity and options. Turned about 25k into 100k in about 8 months. Still managing this portfolio currently, though I will begin full-time day trading again once school starts.
This summer, I interned for a boutique hedge fund in NYC. I did equity and economic research for the fund.
Vice President of a 300+ member Investment association at my college
Senior portfolio analyst at my previous school's investment fund
Honors thesis papers in the process of being written
One LOR will be the MD of the fund I'm working at.
Not sure if this helps but I'm a first-gen student and basically grew up in poverty throughout my childhood. I am white, but my father is Irish and my mom is Latino and Native American (weird, I know).
The schools I'm looking at. Please excuse the large range of schools.
Columbia University MFE
Massachusetts Institute of Technology (Sloan)
University of Chicago (Booth)
Harvard (not even sure if this would work because I believe it would have to be the 2+2 program)
Princeton
NYU Stern's Quant Finance Program (not ideal because it's half in Shanghai)
Also, LSE and Oxford but these schools are also a reach.
Main question: Am I out of my mind to consider applying to these schools with my subpar GPA?
Any bit of advice is appreciated. You can tear my stats apart, no hard feelings.
I really am looking to assess my options and any suggestions could help better my chances at top masters programs.
Thank you again.
Hey
Brettcement,
First off I would like to say that you have a pretty decent profile and some really interesting work experiences.
As you are concerned about your profile and have a lack of confidence I’d like to start by highlighting all the good parts of your profile and how you can leverage them in your application.
Your entrepreneurial experience is a really strong suit, so emphasizing proven stats of your work such as how you grossed over 450k in 2 years will give a roadmap of your journey to your results, making it a very strong point strengthening your application. Usually, schools appreciate applicants having entrepreneurial experiences, so showing how you have managed to impact the revenue and gotten good results is a great point.
Reflecting on your skills, as you have led a team of six off-shore developers as well as a product marketing team, you can use that experience to display strong leadership skills and talk about the challenges you faced and how you overcame them. Your coordination and leadership skills can be good points to highlight in your application.
Further, the Trading work you have done is also an interesting experience and can be used to show you business prowess and how you have used the theoretical concepts in real life. Likewise, the kind of strategies you have used and how you accumulated and upped your skills can really showcase your financial acumen, especially if you are planning to apply in a MFin course.
Again, The internship experience at the hedge fund you gained is also a great way to showcase your skills. How you built upon the existing knowledge and impacted the company’s profits or productivity can be really strong points to talk about.
I can also see that you have a strong financial experience. As you have been a Vice President of a 300+ member Investment association and also a senior portfolio analyst. Thus, you can depict your involvement in extracurricular quite well by talking about the returns you created, the investment strategies you used, how many teams you led or the number of people you mentored in these positions. All of these things combined can be used to build a good holistic application.
Also, your Thesis paper can also be another great factor to showcase in your application, especially if it is related to the finance field.
Now coming to the issues in the profile especially the ones that concern you the most, is your college ranking. College ranking is definitely an important factor but you can negate the low ranking by talking about how you have grown your knowledge base and skillset over the years and what kind of work you have done in college and how it has shaped you. As a first gen college student, you can also talk about your childhood and family background and showcase how you haven’t let your circumstances hold you back from excelling in your life. Even Though college rankings play a big role, they are not the only factor of consideration in the admission process.
It is unclear if you have graduated or not. If you are in the final year of your graduation, you can target the deferred mba programs at MIT, Booth and Wharton. Your chances of getting into those programs would be anywhere between 40-50% depending on your gmat score and the quality of your application.
You can definitely target MFE and MFin programs at Columbia, Brandon, Princeton, LSE, Oxford, LBS. However, your GPA can be a bit of an issue for UK schools so you’d have to check out the individual requirements of the target school but if you have a GPA anywhere above 3.2 then it won’t be that big of a problem.
Lastly, since the major chances of your admission depend on the quality of your application, you might be seeking professional help to secure your spot in your target schools. You can check our, All-in-One Solution, our flagship essay editing service, to gain insights into how we can assist in creating a strong application. A good GMAT coupled with strong essays and an early application should help you get into your target schools.
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