Chicago Booth School of Business MBA Essay Tips and Application Deadlines
In order to put the wheels in motion we utilized and created new contacts with student unions either through friends and acquaintances or through contacting student union representatives directly. We gathered a team of 20 lecturers and built a full statistics example course. It was all going well, and we were eager to see the idea turn into reality. And so, even though we were not ready at the time with a solid structure for our service we decided to set a meeting with a very strategic potential client. We presented our company and our concept, and proposed a deal.
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Therefore it presents too much of a risk. Deep inside I knew their feeling was justified. I realized that we approached them too early in the process. Eventually, we were told to wait for an answer as they inquire other possibilities. A few days later they said they decided not to continue with us, they indicated that we presented good ideas, we fitted academically and had a strong drive, but we gave no solid ground to back it up. I remember that at the time I felt very frustrated, but all the while I knew they were right.
We put the cart before the horses. The urge to meet success set us off of the course we previously knew we had to walk in. We should have kept following our business plan, and not look for a shortcut. We should have first build a stronger operation basis, approach some smaller institutions and only than attack for more meaningful clients.
The refusal caused me to second guess the initiative. In addition, as both of us were just about to start our accounting internship in top accounting offices, we understood that continuing with developing the business meant postponing our internship. We got cold feet and eventually decided to abandon our entrepreneurship.
Looking back, I realize some important insights. We failed to build a detailed business plan. Therefore when an opportunity came I was triggered by it and did not take control. I was too hasty. Today, in my work in a private equity investment firm I manage a detailed plan in every mission I lead. This way I try to avoid missing important millstones in a project.
I might have figured out that we needed better foundation before approaching them and could make a better decision. In my current work, I meet many managers and entrepreneurs. I have learned to appreciate the entrepreneurs that are able to foresee and address obstacles. Indeed, they are the ones that manage to close deals.
What about the Chicago Booth MBA makes you feel it is the next best step in your career at this time? Even through my military service I used to read economical daily papers and follow the stock exchange market. However, while I enjoyed the intellectual challenge of dealing with complex accounting issues, I was missing the stimulation and dynamics that exist in other branches of the financial industry. I decided to pursue a professional dream of mine, a job in the private equity industry. I find the private equity industry fascinating. Therefore I have set my short term post MBA goal to join a global private equity fund as an associate.
I believe that through this line of work I would have the opportunity to deal with much larger and more complex transactions, learn about different business models and build a profound intellectual basis in the field of investments. In addition, I could gain a wider international exposure, which I had initially enjoyed as a flight instructor for Aeronautics Ltd.
Looking even forward, I hope to be promoted and be in charge of a regional investment portfolio. While our high-tech companies are commonly acquired by global companies, it was only recently that global funds such as Apax partners have made any non technology related transactions in my country and it is still done to a very small extent.
My ultimate dream is to help develop my country to be a global center of financial services. I believe my country offers several advantages such as strong human resources, entrepreneurship culture and cultural diversification. I would like to see my country stand in the forefront of the region financial industry much like Singapore managed to do in the Far East.
By acquiring an important role in the private equity industry, I hope to be able to establish global investment funds which will make the dream come true. I strongly believe that pursuing an MBA at Chicago University is the first stepping stone in my career plan. There is no doubt that Chicago GSB is a prominent academic institution. Chicago holds a strong positioning within the financial industry in general and a well known reputation within private equity funds in particular.
Thanks to the very flexible curriculum I could skip some basic courses and take more advanced courses such as Financial Statement Analysis or courses which I am interested in obtaining further education such as Economic Analysis of Major Policy Issues.
Furthermore, my studies were usually conducted using a theoretical frontal learning method. I am impressed by the wide elective courses selection offered in the concentrations. I find the LBO Modeling seminar an important opportunity to compare the models with which I am currently working with the ones used in global private equity funds. I am sure these courses could provide me with a cutting edge advantage in this highly competitive industry and have a strong impact on my ability to achieve my professional goals.
I would also want to take part in some courses with an international orientation such as Finance in Emerging Markets which is offered on another concentration. Along with the Emerging Market Group I think I could gain important insights of and experience in this sector. I think that much like other skills, leadership could also be strengthened by rigorous learning. Other than fostering this soft skill, I am sure that the more experiences I will go through the better I will get acquainted with the local and international cultural standards.
Finally, I believe that a supporting environment is a crucial factor in order to achieve best academic and professional results. I have attended the two recent MBA fairs and used the opportunity to consult with admitted students and graduates of Chicago University. In this context if admitted, I plan to arrive with my wife to be. As the most important support is that which one gets in his home, I find the Chicago partners club a significant element in my strong preferences towards Chicago GSB.
Tell us about a time when you took a risk and what you learned from that experience maximum of words. A true risk is one that makes your throat dry and your heart beat faster, like the second before a bungee jump. While serving as an Intelligent Officer in a military penitentiary I approved a vacation for N, one of the most notorious inmates I knew.
Why take such a risk? An Intelligence officer approves and denies vacation requests on a daily basis. The case of N was nothing like that. His father was dying, but it was even more than that. He was also one of my most valuable informants. N was an officer in the army caught collaborating with the enemy. He was sentenced to 10 years, and had already served 5. When he learned his father was dying, N filed a request for a 48 hour leave to visit him.here
My initial inclination was to say no. The risks were too great — if a high profile inmate such as N failed to return, it would get to the press for sure. It would be labeled gross negligence on behalf of the military. It would ruin my credibility as an Intelligence Officer, crippling my ability to do my job. How would my superiors ever trust me again? Also, N was from a remote village difficult to access by the military police, should we need to extract him by force. In other words, it would be nearly to impossible to track him down and bring him back if he opted otherwise.
The payoff, on the other hand, was also substantial. N was about to reveal important information about enemy activity, a menace Intelligence was targeting pretty hard. Allowing him leave would send out an important signal to the other inmates, that good behavior was not overlooked.
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For many inmates, leave is the ultimate reward; letting N go, if he came back, would ease the pressures within the facility and help us gain collaboration, scarce at the time. The night before approving this vacation I used a pretext to summon N to sickbay. We sat there alone, and I offered him a smoke. In fact, he came back 3 hours early. Moreover, he then provided much valuable information to us, and the positive effect that granting his leave had on the other inmates was felt for months.