dv09
Hey guys. Would be great to hear your views on my chances for the schools I'm aiming for. Thank you!
Background and nationality: 20 year old, Italian
Programs: Said MFE, LBS MFA, LSE MFin, HEC MIF, Bocconi MFin. Will be applying to Jan deadlines
Undergrad Information: Studying law at top 5 UK uni, expecting mid 2:1. Also, the professional body I am registered with to become a chartered accountant (see additional info below) offers its students the opportunity to get a degree from Oxford Brookes University in Applied Accounting upon completion of certain exams. Not sure how much weight this carries over and above the chartered accountant qualification though.
GMAT: based on diagnostics am expecting/hoping 750+, will be taking exam in December. I think I might just be able to hit a q50 if I prep enough.
Work experience: have only had two internships at corporate law firms, nothing in finance
ECs: virtually nothing of note, I only play some sports recreationally... will do anything to improve this part of my profile by jan so any recommendations are welcome!
Additional info: I am also studying to become a Chartered Accountant (ACCA) alongside university and have completed various modules related to financial reporting and financial management with relatively high scores. In addition to English, I speak Italian, French and Hindi. Not sure how much languages matter though.
I'm basically pretty worried about my lack of work experience. Even though the programs I'm applying to are pre-experience, it seems that a lot of my peers have substantial work experience in this area. I am also worried about my weak ECs section.
Would really appreciate any advice on how to improve my profile. Please be brutally honest - thanks again!
Hey
dv09,
You seem ambitious about pursuing a career in finance. If you properly portray your passion for
finance in your application, schools will be interested in this.
As far as the profile is concerned, your academic background in the field of law will act as a differentiator amongst the crowd and set you apart from most of your competition. Moreover, your undergraduate college being one of the top 5 in the country, works in your favor as schools tend to pick applicants hailing from top universities of their country, however, your GPA is slightly on the lower end, but posing the right alibi for the same would allow you to overcome this drawback in your profile. While your grades do play an important part, your extracurricular activities and your other endeavors matter as well because AdComs are looking for applicants with holistically developed profiles. That said, your second undergraduate from Oxford Brooks would certainly add to your profile and showcases your transition from law towards the field of Finance.
As far as the GMAT goes, an overall score of 750 with a score of 49 or more in the Quant section, would allow you to target the Finance programs at most of the top B-schools. You should definitely aim to score as high as you can since a strong GMAT score would bolster the AdComs confidence in your academic abilities and improve your acceptance chances.
Next, I’d like to let you know that Extracurricular participation plays an important role in strengthening your applications as B-schools are on the hunt for all-rounder profiles. Thus, you could manage or participate in some endeavors at any clubs, associations, sports, fest, or events during your undergrad. Internships, Certifications, and volunteering initiatives undertaken during the course of your study would also count towards your extracurricular initiatives. You could take up certifications like CFA or FRM to showcase your interest in the field of finance. Also showcasing any volunteering or CSR activities that you participated in during your work experience would highlight your application. If you do not have any yet you should definitely work with a social initiative or an NGO as it would showcase your social initiative and your drive to give back to society.
As far as your internship experience goes, you should try to secure an internship with the big companies in the field of finance, since schools do look for applicants who have prior experience in the field of finance. Even though these are pre-experience programs, you would be competing against
applicants having a relevant internship in the field of finance from one of the big four companies, thus having relevant experience from a finance firm would help bolster your profile.
All the schools you are targeting Said, LBS, LSE, HEC, and Bocconi come under the dream category.
Dream schools have a very stringent acceptance rate of 12-15%. Hence, it is always better to target a mix of dream, competitive, and safe schools, in order to hedge your bets wisely. Having evaluated your profile, I’d say you have a 50% chance of getting admitted to the schools in the dream category and a 70% chance of getting admitted to the schools in the competitive category.
To help you understand better, I’ve suggested a few competitive and safe schools that you
could be targeting.
Competitive: ESSEC, FSFM, IE, ESCP
Safe: EDHEC, IESE, SKEMA, Grenoble
Since you have a different background and profile, to increase your chances of getting admitted at
these schools you would need to ensure that you have a very strong application (consisting of -
Essays, LORs, and Resume) to back your profile. You need to showcase your journey, what makes
you different from your peers, and how you are a great value addition to the school. A strong
application increases your chances of acceptance by upto 30%.
On this note, if you are looking to target the top B-schools and want to prepare a strong application
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Hope this helped!