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06 Sep 2016, 15:50
Kudos
Bookmarks
I have a GMAT score of 730(Q50, V38, IR 8 & AWA 4). My profile is as follows:-
1) Undergrad - B.Sc physical sciences from Delhi University - 51.5%
2) Post grad- Master of Finance from Delhi University- 52.5%( One of the top finance courses in India, was selected through entrance test & GD/PI)
3) CFA level 2 cleared
4) FRM part 1 cleared
Total 4 years of work experience in family business. Also, I have worked for 6 months in Ministry of Home Affairs( selected through a fairly competitive examination and interview) and 12 months in a coaching institute.
I have spent decent time (around 300-400 hours) volunteering as well.
My work at my family business i.e. Siddharth Medical Center (it's a hospital) involves everything from coordination with staff/doctors/clinical supervisors/other personnel, planning and implementation of policies/systems, Regulation of staff, Reporting to Managing director, inventory management, preparing and overseeing financial reporting and analysis, budgeting, compensation evaluation, planning cash management strategies, developing long term and short term strategies etc.
My post MBA goal is to break into financial services/management consulting/venture capital.
However, my number one priority would be Financial services. I am taking up CFA level 3 in June' 2017 and FRM part 2 in November'2016 and I am confident I wil clear them both.
I am proficient in MS excel,VBA and well acquainted with programming languages c++ and Python.
I have decent extra curriculars as well.
Firstly, do you think my post MBA goals are achievable considering my family business work ex?
Secondly, what US b schools should I target?
Am I competitive for NYU stern, Ucla Anderson, Cornell, Duke Fuqua.
Thirdly, I was consistently getting 750 plus in my mock GMAT's. Will improving my GMAT to say 760 improve my prospects?
1) Undergrad - B.Sc physical sciences from Delhi University - 51.5%
2) Post grad- Master of Finance from Delhi University- 52.5%( One of the top finance courses in India, was selected through entrance test & GD/PI)
3) CFA level 2 cleared
4) FRM part 1 cleared
Total 4 years of work experience in family business. Also, I have worked for 6 months in Ministry of Home Affairs( selected through a fairly competitive examination and interview) and 12 months in a coaching institute.
I have spent decent time (around 300-400 hours) volunteering as well.
My work at my family business i.e. Siddharth Medical Center (it's a hospital) involves everything from coordination with staff/doctors/clinical supervisors/other personnel, planning and implementation of policies/systems, Regulation of staff, Reporting to Managing director, inventory management, preparing and overseeing financial reporting and analysis, budgeting, compensation evaluation, planning cash management strategies, developing long term and short term strategies etc.
My post MBA goal is to break into financial services/management consulting/venture capital.
However, my number one priority would be Financial services. I am taking up CFA level 3 in June' 2017 and FRM part 2 in November'2016 and I am confident I wil clear them both.
I am proficient in MS excel,VBA and well acquainted with programming languages c++ and Python.
I have decent extra curriculars as well.
Firstly, do you think my post MBA goals are achievable considering my family business work ex?
Secondly, what US b schools should I target?
Am I competitive for NYU stern, Ucla Anderson, Cornell, Duke Fuqua.
Thirdly, I was consistently getting 750 plus in my mock GMAT's. Will improving my GMAT to say 760 improve my prospects?
07 Sep 2016, 05:35
Kudos
Bookmarks
sidvik
I have a GMAT score of 730(Q50, V38, IR 8 & AWA 4). My profile is as follows:-
1) Undergrad - B.Sc physical sciences from Delhi University - 51.5%
2) Post grad- Master of Finance from Delhi University- 52.5%( One of the top finance courses in India, was selected through entrance test & GD/PI)
3) CFA level 2 cleared
4) FRM part 1 cleared
Total 4 years of work experience in family business. Also, I have worked for 6 months in Ministry of Home Affairs( selected through a fairly competitive examination and interview) and 12 months in a coaching institute.
I have spent decent time (around 300-400 hours) volunteering as well.
My work at my family business i.e. Siddharth Medical Center (it's a hospital) involves everything from coordination with staff/doctors/clinical supervisors/other personnel, planning and implementation of policies/systems, Regulation of staff, Reporting to Managing director, inventory management, preparing and overseeing financial reporting and analysis, budgeting, compensation evaluation, planning cash management strategies, developing long term and short term strategies etc.
My post MBA goal is to break into financial services/management consulting/venture capital.
However, my number one priority would be Financial services. I am taking up CFA level 3 in June' 2017 and FRM part 2 in November'2016 and I am confident I wil clear them both.
I am proficient in MS excel,VBA and well acquainted with programming languages c++ and Python.
I have decent extra curriculars as well.
Firstly, do you think my post MBA goals are achievable considering my family business work ex?
Secondly, what US b schools should I target?
Am I competitive for NYU stern, Ucla Anderson, Cornell, Duke Fuqua.
Thirdly, I was consistently getting 750 plus in my mock GMAT's. Will improving my GMAT to say 760 improve my prospects?
1) Undergrad - B.Sc physical sciences from Delhi University - 51.5%
2) Post grad- Master of Finance from Delhi University- 52.5%( One of the top finance courses in India, was selected through entrance test & GD/PI)
3) CFA level 2 cleared
4) FRM part 1 cleared
Total 4 years of work experience in family business. Also, I have worked for 6 months in Ministry of Home Affairs( selected through a fairly competitive examination and interview) and 12 months in a coaching institute.
I have spent decent time (around 300-400 hours) volunteering as well.
My work at my family business i.e. Siddharth Medical Center (it's a hospital) involves everything from coordination with staff/doctors/clinical supervisors/other personnel, planning and implementation of policies/systems, Regulation of staff, Reporting to Managing director, inventory management, preparing and overseeing financial reporting and analysis, budgeting, compensation evaluation, planning cash management strategies, developing long term and short term strategies etc.
My post MBA goal is to break into financial services/management consulting/venture capital.
However, my number one priority would be Financial services. I am taking up CFA level 3 in June' 2017 and FRM part 2 in November'2016 and I am confident I wil clear them both.
I am proficient in MS excel,VBA and well acquainted with programming languages c++ and Python.
I have decent extra curriculars as well.
Firstly, do you think my post MBA goals are achievable considering my family business work ex?
Secondly, what US b schools should I target?
Am I competitive for NYU stern, Ucla Anderson, Cornell, Duke Fuqua.
Thirdly, I was consistently getting 750 plus in my mock GMAT's. Will improving my GMAT to say 760 improve my prospects?
Hey there!
Great to hear from you!
Before I answer your question, can you tell me a bit more about the family business - how big is it, how many employees, how many patients, what is your turnaround, profit? is it growing? What do you actually do? what are your plans for the company for the future?
Let me know and I'll get right back to you!
Best,
Jon
07 Sep 2016, 21:02
Kudos
Bookmarks
Hi Jon,
The business is located in New Delhi, India, and is a small one with an annual turnover fluctuating between 50k to 100k USD per annum and profit fluctuating around 15-20k USD per annum.
Total employees - around 20
Average no. Of patients around 20-25 per day.
Within past few years revenue and profit margins have increased considerably.
I am basically managing the whole place my self and I consult with managing director regarding issues on a daily basis. In brief, my responsibilities include everything from marketing, formulating strategy for growth as well as looking for new growth opportunities as in new machinery eg:- X rays evolved to digital x rays so I suggested to upgrade the machine considering the high demand, identifying new areas for integration eg:- in house dentists and physiotherapists, identifying operational inefficiencies, financial statement analysis to identify the key problem areas, overseeing the financial reporting process, to hiring and arranging doctors and staff, dealing with patients, maintaining records, ensuring that infrastructure and machinery are in good conditions, regularly checking inventory and supplies and procuring them when short, ensuring that the govt regulations are being followed etc. There is a lot more stuff but I guess you get the idea.
future prospects look good I think the business will continue to grow for a foreseeable future.
Reasons - Loyal and familiar customer base, Not much competition or other threats, technologically updated, overall lucrative health care industry etc.
I guess that's it. Please do let me know if you need any more information.
Also, my major concern is, would it be possible for me to break into financial services/management consulting/venture capital/other suggestions post MBA given my non traditional family business work experience?
Thank you
The business is located in New Delhi, India, and is a small one with an annual turnover fluctuating between 50k to 100k USD per annum and profit fluctuating around 15-20k USD per annum.
Total employees - around 20
Average no. Of patients around 20-25 per day.
Within past few years revenue and profit margins have increased considerably.
I am basically managing the whole place my self and I consult with managing director regarding issues on a daily basis. In brief, my responsibilities include everything from marketing, formulating strategy for growth as well as looking for new growth opportunities as in new machinery eg:- X rays evolved to digital x rays so I suggested to upgrade the machine considering the high demand, identifying new areas for integration eg:- in house dentists and physiotherapists, identifying operational inefficiencies, financial statement analysis to identify the key problem areas, overseeing the financial reporting process, to hiring and arranging doctors and staff, dealing with patients, maintaining records, ensuring that infrastructure and machinery are in good conditions, regularly checking inventory and supplies and procuring them when short, ensuring that the govt regulations are being followed etc. There is a lot more stuff but I guess you get the idea.
future prospects look good I think the business will continue to grow for a foreseeable future.
Reasons - Loyal and familiar customer base, Not much competition or other threats, technologically updated, overall lucrative health care industry etc.
I guess that's it. Please do let me know if you need any more information.
Also, my major concern is, would it be possible for me to break into financial services/management consulting/venture capital/other suggestions post MBA given my non traditional family business work experience?
Thank you
