Finance Professionals: Don't make these Mistakes (Part 3)

The Admission team knows that you can excel in core classes: finance, accounting, and statistics, but don’t rest on your laurels! Since Investment Banks are popular recruiters in Top Business Schools, applicants from Finance find a considerable representation. To improve your admission chances, you have to stand out from other Finance Professionals.

As we pointed out in our previous posts (Part 1 and Part 2), there’s a right way and a wrong way to attract the admission committee’s attention. We’ll wrap up today with the final things to avoid to make yours a successful MBA application.

Mistake #8: Not thinking through the “Why an MBA?” question

Many firms expect analysts or other junior bankers to leave for an MBA at approximately the two-year mark. Other possible options for you are to join a PE firm or hedge fund or find a job in industry. If you’re at this crossroads in your career and now is the expected time to apply to MBA programs, you will need to actively counteract any impression that your MBA is simply to “check a box” before the next level in your career.
It’s time to step back from your practical brain and access your creative side to come up with your ideal career vision statement. You have amazing skills –there is no doubt an MBA will add to your overall skill set. The hope is that you will arrive on your MBA campus with a burning desire to make the world a better place. Passion and vision are critical to MBA admissions committee evaluation because they are both essential elements of effective leadership.

Mistake #9: Thinking you’re too busy for extracurricular activities

The reality for finance professionals is that a demanding work schedule rarely allows time for meaningful extracurriculars. What can you do if your work really is your life? If your 80-hour work week didn’t allow time for community involvement, realize that not every extracurricular has to be literally outside of work. Take some time to look inside your office building for those leadership opportunities that may have nothing to do with your day-to-day responsibilities.

And remember, not all volunteering requires a time commitment every week. With your schedule, you’ll need to be creative to find flexible opportunities to contribute. Look for activities that are not face-time based, but that focus on impact or a small amount of time on weekends. A track record of volunteering and community service—no matter how big or small—adds a lot of strength to your candidacy.

Mistake #10: Not letting your personality shine through

An MBA application is a hybrid between a business communication and a personal essay. While it’s important to keep the focus and precision of a business writing exercise, you don’t need to sacrifice the color of a personal essay. Don’t be afraid to be yourself, even if that means injecting humor, fear or humility. You are not expected to be a perfect robot; that is not an appealing quality for an MBA student. Using your emotions effectively will help your essays come alive and show that you are more than a list of your accomplishments.  
You already knew that your work experience is impressive and a key selling point for your candidacy. But now you also know it’s very important to highlight those extra-curricular activities, hobbies, or interesting personal stories in your application, and demonstrate you’ve made a deep personal connection to the programs on your list. Avoid these 10 mistakes commonly made by finance applicants, and you’ll offer the admissions committee a truly holistic picture of your candidacy. Best of luck!

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Top 31 MBA Programs + Analysis of 24 Industries (United States)

We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).

Pages: 327


"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

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(2018 Entering Class)

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