Arth1697 wrote:
Hello everyone,
I finished my undergrad in Accounting & Finance from Narsee Monjee College of Commerce and Economics in the year 2018 and am now looking at Mfin programs. I'm currently pursuing Chartered Accountancy(CA Final) as well as CFA. I have a few programs that interest me, but not sure about my chances with any of them, so any comments, ideas and recommendations will help.
Profile:
Undergrad: 6.68/7 GPA
CFA Level 1 above 90 percentile
GMAT: Not yet Taken
Projects: FMCG Products Survey & Equity Research Project
Work Experience: 3 yrs as an Article Assistant at a Mid Size firm in field of Internal & Statutory Audit and 2 months Internship at Money Roller as Derivative Research Analyst.
Extra-Curricular: Participated in National Level Chess Blitz Competition, State Level Chess Player, District Level Cricket Player, Stood 2nd in Portfolio Management Competition, Set up own stall at different events in School
Social Impact: Participated in various Nature Protection& Education Camps organized by Youth Hostel Association of India, Anala Outdoors and Penguin Nature Foundation which included activities for Self Awareness and spreading awareness among people about conserving Natural heritage and concept of Sustainable Development.
Plan is to switch to IB or Asset management after graduation.
Programs:
London Business School - Msc Finance
London School of Economics - Msc Finance, Msc Risk & Finance
HEC Paris - Msc International Finance
ESSEC - Msc Finance
Oxford - Msc Financial Economics
St Gallen - Msc Finance
Imperial College - Msc Finance
Melbourne Business School - Msc Finance
Copenhagen Business School - Msc Advance Economics and Finance
Stockholm School of Economics - Msc Finance
What do you guys think? Any chance of getting into any of these programs?
Thank you guys so much! I appreciate the help!
Hey
Arth1697,
You seem ambitious about pursuing a career in finance, which can be seen from your internships, certifications and courses you have taken up during your undergrad. If you properly portray your passion for finance in your application, schools will be interested in this.
Academically, your undergraduate degree being in the field of finance works in your favour, since MFin is a specialised masters program and most schools prefer applicants with a relevant academic background or work experience in finance, additionally the brand of your undergraduate college is also very impressive. However, your GPA is slightly on the lower end, but posing the right alibi for the same (health issues or your endeavours directed for holistic development) would allow you to overcome this drawback in your profile. While your grades do play an important part, your extracurricular activities matter as well, because AdComs are looking for applicants with holistically developed profiles.
Coming to your extracurriculars, you have a lot of achievements in varied roles, your participation in cricket and chess showcase your leadership skills and innate team spirit. Moreover, your winning in a Portfolio Management Competition showcases your proactiveness and ability to take on challenges and excel in them. Highlighting the accolades you won in sports here and how this has influenced your life would help authenticate your capability of creating impacts. Though to be clear, Adcoms are more interested in impact created rather than participation, hence adding quantifiable achievements in these activities would help enhance your application.
You also have a lot of social volunteering experiences which are again great value additions. These showcase your ability to take up initiatives, impact others, and empathize with other people. B-schools are looking for applicants that are future leaders and such experiences and qualities most certainly vouch for your abilities and strengthen your application.
Talking about your certifications, Both the CA and CFA directly add weight to your profile as they are in the field of finance they showcase your passion for the field and how you have taken steps to develop it further, which is what most B-schools are looking for in applicants.
As far as your work experience goes you have relevant experience in the field of finance which definitely acts in your favour, since Masters in Finance is a specialized masters and AdComs are looking for applicants with relevant experience in the field of finance. You ought to explain and highlight the major projects of your work and how these experiences helped to develop and further groom your skills and knowledge. Highlight why you chose these firms, how you have gone beyond the role, any initiatives you took and any kind of impact created to establish a connection with your goals and portray the knowledge gained from these experiences. Properly highlighting this would allow you to stand par with candidates having more extensive work experience hailing from big 4 brands. That said, connecting your work experience and your decision to pursue a masters is very important.
As far as the GMAT goes, a score of 720 and above with 50 or more in the Quant section, would allow you to target the finance programs in top 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.
Of the schools you are targeting, LSE, LBS, HEC, Oxford and St. Gallen come under the dream category while Imperial and ESSEC fall under the competitive 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. Looking at your profile you have a 50% chance of getting admitted to the schools in the dream category and a 70% chance of getting admitted in the schools in the competitive category.
Apart from your targeted list ESCP, FSFM, IE, ESADE, UCD and TCD are some other schools in the Competitive category that you can target.
Lastly, while you have a competitive 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 up to 30%!
On this note, if you are looking to target the top B-schools and want to create a strong application that highlights your strengths and overshadows your weaknesses, you can follow the link below to Book a Free Consulting call to connect with one of our founders to gain in-depth knowledge of the application process and chalk out a winning strategy.
https://www.mim-essay.com/book-an-appointment-form/Hope this helped!