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Please help! Are my goals not specific enough?

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Author Message
Joined: 13 Nov 2013
Posts: 11
Location: United States
Concentration: Finance, International Business
GMAT 1: 690 Q47 V38
GPA: 3.17
WE: Underwriter (Real Estate)
Followers: 0

Kudos [?]: 5 [0], given: 0

Please help! Are my goals not specific enough? [#permalink]

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New post 03 Jan 2014, 11:40

I'm applying R2 to schools in the top 36-60 range. I decided late in the application season that I wanted to go to business school and then I needed to take the GMAT again, so I missed R1. I was laid off from my underwriting job (lack of work, 1/3 of company laid-off) in December and am currently looking for new employment. I'm sure that's not a positive on my application but I've tried to spin it as a way for me to get exposure in a different area before beginning my MBA. Is that a good approach?
Also, I want to eventually become the CFO of a large corporation or a small start-up (I haven't decided). I plan to do this by first becoming a credit or risk manager after getting my MBA. Then I will aim for a treasury position, then controller, and finally CFO. I have a background in risk analysis but I want to be at the center of a company's financial strategy, which is why my mid-term goal is to become a treasurer. I'm interested in businesses that incorporate a positive self-esteem initiative for women, like Dove and Special K. I also admire nonprofits like Dress for Success and Girl's LEAP, for similar reasons. My passion for the advancement of women began when I went to a women's college. When I taught English in Japan for three years, I witnessed Japanese women struggle with the expectation that they will quit their jobs after becoming pregnant. I also want to work for a company that has a strong international presence or the capacity to develop one. (My essays explain my goals more eloquently than what I just wrote. I'm just asking for general advice here.)
I thought this goal was specific enough but now I'm not so sure, after reading posts on gmatclub. Do I need to also say what type of financial industry I'm interested in? I don't know and I'm not sure how to find out, because of my limited work experience in that field. I know that most companies only have one treasurer so the jump from credit/risk manager to treasurer might seem too big. Also, it's not a disadvantage that I mention non-profits in a business school essay, right? I mean, business schools honestly want their graduates to impact the community as well as make money? Are my goals not focused and cohesive enough? I want to be honest and also set myself up for success. Sorry this is so long.

Please help!! Much appreciated!! :)
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Re: Please help! Are my goals not specific enough? [#permalink]

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New post 19 Jan 2014, 20:39
The main thing I like about your profile is that you already have a story to tell. B-schools like to hear stories, vs. lists of attributes, so the fact you are already thinkiing of your plans in story form is a good sign. The more focused you are on your goals, the better it will come across to the adcoms, but you must be careful not to be too laser focused, lest you scare them into thinking you will hold out for the exact job you want and end up hitting them hard in the stats if you don't have that job by graduation (b-schools are evaluated on how many students have jobs at, and just after graduation). I think your plan is reasonable and to be able to articulate it and why will be important. The fact you are female will help, since fewer females apply to b-school. Just make sure you can convince them the transition is doable and your past experience is a good foundation to make the switch. If you keep the goal focused on internal corporate finance, you won't need to get much more specific. As you say, all companies have a treasurer, comptroller and CFO. Just be able to explain why you like that stuff. BTW, It will not look good if you are unemployed when you apply, so i would definitely focus on finding a job--one that will be a good next step towards your goals as you indicated. It's a fine idea to say you did it to get alternative experience, but make sure this is in sync with what you end up taking as work.

As for non-profits, no it won't hurt you to mention. Let us know if we can help. Round three is really tough, so hopefully you made your R2 cutoffs.

Bryant Michaels
Admissions Consultant

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Please help! Are my goals not specific enough?

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