Profile evaluation and tactical advice please

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Profile evaluation and tactical advice please

by simmoj » Wed Sep 02, 2009 3:18 pm
Hi all,

Thank you very much in advance for your advice.

In brief, I am an Australian lawyer who has been working in London for 3 years at a world-leading international law firm (described in England as 'magic circle', equivalent to 'white shoe' in NYC), having qualified from law school in Australia 4 years ago. It has always been my ambition to do an MBA and move into a business or finance career after a stint in law. Previously I was interested in banking, but I am now settling on a move into asset management of some kind, either in private equity, hedge funds or straight investment management.

I just sat the GMAT and I am very pleased with my unofficial score of 760/99% (Q48/83% and V47/99%). I haven't received my AWA score yet, but it will be average. While I thought my first essay was very strong, I ran out of time on the second and it was incomplete and sub-par. I am not sure how to convert my Australian undergraduate results into a US style GPA, but my undergrad results were okay but not impressive. Also on the topic of intellectual ability, I have passed the level I CFA examination.

I have had superb work experience over the past three years. I am a restructuring lawyer and, as you might imagine, we've been doing some interesting work recently. I won't go into it in detail, but I have done a lot of high profile jobs and worked on timely kinds of deals (i.e. financial institution insolvencies, structured finance vehicles (CDOs), etc). I've also done deals in some interesting jurisdictions, such as Kazakhstan. I think I can leverage my legal experience in asset management in a number of ways, but I won't elaborate here, and I think I would have a lot to contribute to classes. On the community service front, I have for the past two years been volunteering to a charity in London that works with homeless people, accompanying a social worker out on the streets of London one night each month to meet up with homeless people to build relationships with them and to try to help them change their lives for the better. I am quite passionate about continuing to assist vulnerable members of the community into the future.

I have applied for a Fulbright scholarship. Applications have just closed and I will find out in the next few weeks whether the Fulbright Commission would like to interview me. The final awards are announced in mid-December. I think I have a strong application, however these things are obviously always very uncertain.

The schools I am targeting (in rough and still-moving order of preference) are: Harvard, Columbia, Wharton, Stern, Insead.

The questions I am wondering about include:
(1) What are likely to be the weakness in my profile that I should focus on addressing in my essays?
(2) Would there be an advantage to submitting my applications in round 1 (or in the case of Columbia, for early decision)?
(3) Would winning a scholarship like the Fulbright be a significant advantage, such that it would be worth waiting for Round 2 to submit applications on the off chance I may be successful with the scholarship and could mention it in my applications?

One consideration in relation to question 2 is that I will find it quite difficult to get my references in by the close of Round 1, although if it was thought to be strongly advantageous, I might be able to do so for one or two of the schools. The partners at work are all extremely busy at the moment, and I've just had a couple of them do references for my scholarship application and I don't want to push it too much.

Again, many thanks for your thoughts and advice.

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by Lisa Anderson » Thu Sep 03, 2009 4:57 pm
Dear simmoj,

Congratulations on your awesome GMAT score! To answer your questions:

(1) What are likely to be the weakness in my profile that I should focus on addressing in my essays?
You have some interesting, quality work experience, a high GMAT score, and average grades from college; thus you have the foundation for a competitive application to your target schools. I don't see any real weaknesses that you need to address based on your post. It will be important to convey a solid rationale for why you want to get your MBA after working as an attorney and how your legal background relates to your future career goals.

(2) Would there be an advantage to submitting my applications in round 1 (or in the case of Columbia, for early decision)?
The advantage is you will get a decision sooner than if you submit in round 2. With early decision, it means you will commit to Columbia if admitted; thus it is only worth applying early decision if Columbia is your first choice.

(3) Would winning a scholarship like the Fulbright be a significant advantage, such that it would be worth waiting for Round 2 to submit applications on the off chance I may be successful with the scholarship and could mention it in my applications?
The Fulbright would be impressive, but it is hard to know if that will be a significant advantage. I don't know that it is worth waiting to submit your applications for as being a Fulbright Scholar will not play a significant enough role in your evaluation.

Since you are also concerned about getting your letters of recommendation in time for round 1, you might consider applying in round 2 but early in the round. Many schools review applications as they come in and then your application is not buried in the large number that arrives on the deadline date. You just want to be sure to get your applications in by round 2 and not wait for round 3.

With regards to other question you posed, you should take advantage of any chance to meet with a school representative. If your target schools will be holding an event or attending an event in your area, then you should be there. Get on their websites and sign up for anything near you. Similarly, if you can visit the campuses before submitting your application or for your interview, then you should do that as well.

Best of luck,
Lisa
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by simmoj » Fri Sep 04, 2009 3:26 am
Lisa,

Thank you very much for that feedback, its very helpful. I'm not going to worry about applying first round.

Is the purpose of meeting school representatives to try to establish a personal connection so that your application is not just another anonymous pile of papers? E.g. they will receive your application and think "Oh, this is that friendly lawyer I met in London. He seemed driven/smart/mature/confident/etc."

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by Lisa Anderson » Fri Sep 04, 2009 5:54 pm
Yes, that is exactly the reason. Put a face to the name on the paper.

Best of luck,
Lisa
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