DFENS wrote:
Hi Linda,
My concern is that I got terminated from my most recent employer and that I'm currently working for $0 salary.
Also, I'm wondering how I should spin my experience to get in. Should I say I voluntarily quit and now want to do entrepreneurship? Or say I was laid off (which would be a red flag)?
I want to go back into finance, but obviously that would not mesh with my most recent experience.
Interesting that you say that I have a competitive profile. Other consultants have told me that in light of the past 6 months, I stand little to no chance at my target schools.
DFENS wrote:
Hi Linda,
My concern is that I got terminated from my most recent employer and that I'm currently working for $0 salary.
Also, I'm wondering how I should spin my experience to get in. Should I say I voluntarily quit and now want to do entrepreneurship? Or say I was laid off (which would be a red flag)?
I want to go back into finance, but obviously that would not mesh with my most recent experience.
Interesting that you say that I have a competitive profile. Other consultants have told me that in light of the past 6 months, I stand little to no chance at my target schools.
thanks for clarifying. We consultants don't always agree. And neither do the schools. Those differences reflect the subjectivity of admissions.
Here's how I see it: Your GPA is competitive. Your GMAT is stellar. Your work experience is good. And you have a CFA. Extra-curriculars are decent. The lay-off is an issue that needs to be addressed, but a layoff isn't the end of the world. If your current business is a real business, just a start-up that isn't yet making money, that too can be addressed and my even be a positive.
Still, your chances are better at schools like Cornell, Darden, and Yale, than at Wharton, CBS, and MIT. You are smart to add the former schools to your application list. I also recommend that you apply over round 1 and round 2.
Regarding your current business, can't you say that you had a business idea and decided to you use the period in between leaving your previous employer and starting schools to try it out?
Linda