H/S/W chances after 4 years PE, 2 years IB?
Hi All -
I am about to begin my third year at aMMPE(senior associate), and have been verbally offered a VP position (after 4 years, our cycle is 2 years associate -> 2 years senior associate -->VP).
Business school has been a bit of an afterthought for me, but after seeing some of my friends enterMBAprograms, I'm starting to think it could be a really valuable experience, and that I should at least take a shot atHBS/ GSB / Wharton. The issue is that I am in no way ready to apply - still need to study and take the GMAT, get recommendations in order, essays, etc. I am also engaged, and my fiance likely won't be able to move her job to a new city in one year.
My question is really threefold:
1) Will my chances of admission to Harvard, Stanford, Wharton be significantly altered if I have four years ofPEexperience? I'm worried that it might make me an odd duck given that most "traditional"PEcandidates have 2-3 years, and business schools are generally skewing a bit younger with 2+2 programs, etc.
2) If I'm ready, should I apply round 2 of this year, or are my chances best maximized in round 1, even if it means waiting a year? What if I apply round 2 and want to give it another shot next year?
3) How does the above two questions apply to otherM7schools, and are those schools worth pursuing?
Stats, for reference:
-Two yearsIBat a top bulge bracket bank
-3-4 years inMMPE(would get good recommendations from the partners)
-Top 20 undergrad, biz/econ major, GPA is a bit low but within range
Comments (8)
Point #1 - I would probably reachout toMBAconsultants and gauge their opinions. Many of them do free 30 min consultations which can help guide your framework. I personally think it can only be a positive than a negative.
Point #2 - Similar to point #1, opinions may vary but you get to hear individuals that deal with have dealt withMBAadmissions rather than people on this forum
Point #3 - No one can really answer this question but it is up to you and your values. (i.e., do you think 2 years of missed earnings + ~$200k tuition is worth it from a non HSW MBA?)
也就是说,如果you're serious about theMBAprogram and want to apply round 2 you should be studying for the GMAT asap. It will probably take ~3 months or so to get a score to be competitive (740+ unless you're a diversity candidate)
Really good advice. I set up a couple ofMBAconsultant calls for this week.
With regards to non HSW - I think it depends what I want to do after. If I decidePEisn't for me, I think one of those schools could make sense. I'm partially thinking about anMBAbecause I'm not sure this is the right career path for me long term (and its a lot easier to get out before locked up with unvested carry as VP). Frankly my best shot to stay inPEis probably just to make sure I get the VP offer at my current firm rather than going through the cycle again, even at HSW (as a white male too). I still like the idea of expanding my network, getting to take a career break, etc.
When I see people demean applicants from industries outside finance (or more frequently, diverse applicants) as being 'weaker' on-paper, one of the things I gently point out is that someone who can put a lot on paper to highlight their strengths on those two dimensions is literally answering the admissions prompt more fully than someone crushing it on the third ('analytical aptitude and appetite', which is usually an out of the park homer for a finance applicant). To keep the sports analogy going, two RBIs puts more points on the board than a solo homer.
For the record, the finance applicants who are successful atHBSand GSB are invariably those who flex to score on at least one of the other two. For GSB, it really tends to be the latter. It's a 'change the world' vibe. It doesn't have to be ooey-gooey save the world, it can be very literal: I had this formative experience when I was young, have touched it in the following ways (high school leadership, college leadership, philanthropy or service as a young professional), and want to use the unique combination the school affords of X class, Y initiative, and Z student group to help me achieve ABC outcome in 123 timeframe.
In terms of reapplicant success, people often get lost in the data when I think the real thing to focus on is what changed in your application. Going from a 740 to a 760 is not going to move the needle, so if you use the eight months to focus on your scores that won't be fruitful. If you're able to either reshape your non-professional elements (community leadership, references) or rewrite your application to highlight those that already existed, the eight months might yield a positive result.
Some successful reapplicants do get there by leveling up. Going from a 680 to a 740, or taking two courses at a college to get As in quantitative subjects that were glaring errors on the undergrad transcript, for example. This is anecdotal, but I think more get there by realizing it's about showing more of the full picture of who they are.
You won't be enjoying need-based scholarship, and unless you do something cataclysmic to make yourself a diamond applicant, you won't enjoy merit scholarships either. Paying out of pocketplus前一百万年收入的四分之三a tough pill to swallow for anything other than the very best option.
This logic is poor in my view. If you're exploring other career paths, you want to maximize future optionality. You do that by being surrounded by the highest average caliber of professor, classmate, campus resources (entrepreneurship, social impact, government, and so on) and securing the best perception possible.
Your option set is best maximized at the best school, put plainly. Plus you maintain the best optionality of continuing in finance but on a potentially more locally-optimized route: a fund that pays you more or works you less or is in a different industry or geography or all of the above.
So to recap:
Good luck man.
I am permanently behind on PMs, it's not personal.
Go on LinkedIn and find people who did private equity and then anMBA- googling "private equityMBAHarvard" for ex will pull up countless people and if you find a fair number of people with your years of experience who went, then there's your answer. Try it with 1-2 other schools too to get a sense.
I can tell you a few extra years inPEis no way the kiss of death to getting anMBA- may even be a positive (?). But think about applying now that you have your chance, honestly getting married, having kids etc may change the equation down the line.
This isn't a value-added comment but just want to vent that H/S admissions have become suchBS。我失去了太多的尊重这些机构。I'm personally still applying and am at a platform + background that means I'll probably get into one. But their general orientation againstPE对客观不合格候选人,计谋pled with a clear shift towards SJW pandering in courses and outwards posturing has really left a bad taste in my mouth. It's like they're asking for themselves to become irrelevant in another 10-15 years (more than they already have)…
I think that's more so at S not H.
I'm at one of those "definite acceptance" shops and I can tell you for multiple classes now several folks at these shops have been getting rejected from Harvard too.
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