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Profile Evaluation

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Affiliations: CFA Level 2 Candidate
Joined: 29 Jun 2009
Posts: 201
Schools: RD 2: Darden Class of 2012
Profile Evaluation [#permalink]

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New post 07 Oct 2009, 14:31
Hi Alex,

I was hoping you could help point me in a good starting direction for schools.

Short Term Goals - Become an analyst for either a venture capital firm or pension company
Long Term Goals - Focus primarily on valuation models for hard to price assets (i.e. Startup companies or Real Estate)

With these goals I think a strong Finance School is the best choice. My number 1 is Berkeley as it has Silicon Valley and working for a Venture Capital firm there would be an excellent opportunity. I am also considering NYU and UNC for their strong Finance Programs.

Male - 25 - Canada
Work Experience 3 years
GMAT 700
GPA - 3.1 - B.Comm Degree Specialization in Finance - CFA Level 1 Passed

I unfortunately didn't have a great undergraduate due to the fact I had to keep a job as a Credit Analyst with Citi which interfered with my studies. I plan on explaining this in the application.

Current Employment
Mutual Fund Company in Canada 2 years
Currently working as in the Financial Adjustment Department after being promoted internally from an entry level resolution position. The position consists of reviewing reports, performing calculations and assuring that accounts and funds are being priced correctly on the system.
Prior to this 2 years at Citi (1 year p/t)

Extra Curricular Activities
Help organize a yearly charity run/marathon of 1500 participants which benefits Aboriginals in the province. Have worked on this for 2 years obtaining a more senior position each year.
Captain of both and indoor and outdoor beach volleyball team.

Questions to you - what should I work on to improve the profile. More extracurricular, more job experience? I am worried I won't be able to convey to the schools that I have leadership qualities.
Also when a school looks at the GPA is it for the full 4 years or the last 10 courses of an undergraduate degree that count?

Thanks in advance!
MBA Admissions Consultant
Joined: 26 Dec 2008
Posts: 2453
Location: Los Angeles, CA
Re: Profile Evaluation [#permalink]

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New post 08 Oct 2009, 10:38
Schools look at your entire GPA.

In any case, keep in mind that VC is NOT a finance job. I've written about it elsewhere here on this board, but in short it's about your ability to be a matchmaker - matching experienced tech execs with promising tech business ideas. Figuring out whether to fund Facebook isn't an exercise in financial modeling - it's a gut call as to whether the actual concept or idea will eventually make money - and whether one can build a strong team of people around that idea to make it happen.

A startup's financial situation is pretty elementary. They get a bunch of money from investors. They spend most of it on salaries, rent for the office, phone bills, etc. They issue invoices to customers, and get money paid to them within 30 days. It's practically a cash business. The actual financials aren't much different from a mom and pop small business (i.e. why would you invest in a dinky startup with a complicated balance sheet full of deferred tax assets, pension liabilities, fixed asset schedules, complicated inventory mgmt, etc.).

Even as a VC associate where a big chunk of your job will be reviewing business plans, it doesn't come down to "financial projections". It's about making a judgment call as to whether the business idea itself is compelling enough (i.e. is there a market for this product, will that market grow in the next 5-10 years, is the product good or a piece of crap, etc.), and whether there is a capable team of people behind that idea to make it happen (and if not, do your VC partners have the contacts to find the right execs to work at this startup).

Alex Chu

Re: Profile Evaluation   [#permalink] 08 Oct 2009, 10:38
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