spite wrote:
Hello!
Please let me know what you think of my chances (or if it even makes sense) -
Background: Indian (Should get my Canadian Passport this year)
Education: Bachelors in Science (Biochemistry) - 70% average of 3 years. Realized then that investments & finance is what I like. Obtained Masters in Investment & Financial Analysis (basically self-taught) while working full time - 60%
GMAT: 660 (paid & booked exams, but lost motivation a month before exams. Decided to go write exams as I had nothing better to do that day). Preparing diligently now, targeting 740+
Work Experience: Overall ~11 years (before you recommend Exec. MBA, hear me out).
I love crunching numbers, so cracked entrance exam for a govt. bank and joined it right after completing bachelors (didn't know how to write a cheque on my first day at work
). Self-taught banking (and finance and pretty much everything else required to do the job), and was promoted to credit analyst within a year of starting work. Worked there for 3 more years, obtained my masters degree while working, leveraged it and jumped ship to a private sector bank in same role (basically traded job security for better pay, stability and challenge). Worked there for 2Y8M, got Permanent Residency for Canada so decided to quit the job and make the move.
After coming to Canada, started working as a Financial Advisor managing investments for retail clients (still at it after ~4 years). That got fascinated with capital markets and decided to improve my skills & knowledge - realized that I needed CFA. Got my CFA charter last August (no redos were required, thank God!)
Post MBA Goals:
Short Term Goal - I have worked most of my life in retail banking, and I have come to realize that its not fulfilling (at least for me). The idea is to change careers and enter into Asset Management - leverage both CFA & MBA (and my passion for investing), starting as a research analyst for a buy-side shop (mutual fund/pension etc.). CFA gave the theoretical knowledge, MBA will provide the practical experience with oversight (hence targeting MBA schools with strong finance offerings). My life has changed drastically after coming to Canada, and I have to come to recognize my dream (and shortcomings that I need to work on to realize that dream), Exec. MBA will not plug those gaps.
Long Term Goal - Portfolio Manager with an asset management firm, and some day open my own boutique shop.
Recommendations - Can obtain one from my current manager (she acknowledges my ambition, and supports it - I hope)
Extracurriculars - Used to play sports in school and college, but not much after that.
Thanks!
Hello spite, I must say you have quite a journey, Now let’s talk about your profile.
GPA : Can you please convert your percentage to GPA so I have a better understanding
GMAT : The current requirement of GMAT in Chicago Booth is 727 and your current scores are pretty low. I would suggest you give your GMAT one more time but this time without losing motivation.
You can have the world’s best application and recommendations but it will all be a waste if you aren’t even eligible to apply.
I strongly recommend you give your GMAT again and aim to score 700+
Work Experience : Your work experience is pretty decent. You being a CFA candidate definitely vouches for how much you want to pursue MBA.
Extracurricular : You didn’t mention much of this. Don’t take this parameter lightly. You must tell all your achievements and skills in your SOP.
As you are adamant about pursuing MBA, I would say you have a pretty decent profile.
You just lag in one parameter, your GMAT. Ace this and you will definitely get into your dream school.
Also, you need to make sure that you make an excellent application that showcases all good aspects of your profile. An otherwise excellent profile can get rejected because of lack of proper presentation of profile strengths.
If you would like, we can help you with essays and SOPs and other application processes.
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