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re: MBA admissions essays

Posted on 5/3/10 at 3:11 pm to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/3/10 at 3:11 pm to
All other things being equal, I would pick UNO over Loyola. If there is an advantage to going to Loyola for an MBA, I have not seen it anywhere. This is coming from a Jesuit grad fwiw, I'm not keen on bashing my own.

ETA: THF is correct, I am in the MS Acct. This is a personal opinion based on taking two MBA finance classes at UNO and Loyola just not having very much visibility. If you're going to pay for Loyola, you might as well just go to Tulane.
This post was edited on 5/3/10 at 3:15 pm
Posted by Bob Sacamano
Houston, TX
Member since Oct 2008
5294 posts
Posted on 5/3/10 at 3:15 pm to
quote:

3 years


Did not realize this.
Posted by Chuckiee
Member since Jan 2007
2599 posts
Posted on 5/3/10 at 3:17 pm to
Thanks Fizz. I appreciate the info. I'm going to have to bump the GMAT score up a tad for Tulane but that shouldn't be a problem.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/3/10 at 3:25 pm to
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 5/3/10 at 3:28 pm to
quote:

Thanks Fizz. I appreciate the info. I'm going to have to bump the GMAT score up a tad for Tulane but that shouldn't be a problem.


What do you have so far?

What kinda grades?

I've also applied to UNO already, getting in my Tulane MBA in the next couple of days. Also applying to LSU.
Posted by Chuckiee
Member since Jan 2007
2599 posts
Posted on 5/3/10 at 4:21 pm to
I made a 560 without cracking a book.

GPA is 3.0 and some change.

UNO is a breeze to get in. I feel I can bump up the GMAT to 600+ with some studying. I didn't look at LSU. I have to get out of Baton Rouge so considered UNO, Loyola and Tulane. I thought I had read that it was too late to apply at Tulane but will be applying pretty soon now that I know I have time. Good luck.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/3/10 at 4:41 pm to
I thought this was pretty funny/sad:

quote:

Livingston Securities, LLC is a boutique investment banking and advisory group specializing in emerging technologies such as cleantech, energy, healthcare, and nanotechnology. We are launching a new research department to create bankruptcy reports / debt research for distressed hedge funds, special opportunity funds, bankruptcy specialists, and other distressed investors.

We are seeking students as summer interns with potential as fulltime hires. This internship is appropriate for those with a career interest in hedge funds, bankruptcy & restructuring, fixed income, distressed mergers and acquisitions, etc..

The summer would begin with two weeks of formal training in bankruptcy, restructuring, and advanced topics in accounting and finance (scheduled around the CFA test date).


Well shite, that sounds awesome. Maybe I should apply? It gets better.

quote:

The ideal candidate has already worked in writing similar bankruptcy reports / debt research for use by distressed hedge funds, special opportunity funds, bankruptcy, and other distressed investors. Other acceptable work experience is restructuring, bankruptcy law, distressed investing, workouts, turnaround, forensic accounting, credit analysis, financial risk analysis, credit rating, etc.. JD's and CPA's with bankruptcy experience are also welcome to apply.


For an internship. The best part:


quote:

No salary, but this internship could lead to a full-time opportunity, for which we are looking to sponsor the best intern(s) for applicable Series licenses. Start and end dates are flexible. Work hours are flexible. Some work could be done remotely. Recent grads and alumni are welcome to apply.
Posted by latiolais
Member since Jun 2006
24 posts
Posted on 5/3/10 at 4:42 pm to
What do you guys think about an Executive MBA from LSU or a law degree from Southern? Either one would be required to complete while working a full time job. I'm curently working full time and just about finished undergrad - Business and thinking about a few options. Southern is the only one around the area that has a part-time law program. Not sure if i could swing it and work at the same time.
Am I better off working corporate with MBA or working corporate counsel with a law degree from Southern.
Posted by Smalls
Southern California
Member since Jul 2009
10288 posts
Posted on 5/3/10 at 5:11 pm to
quote:

corporate counsel


quote:

law degree from Southern


Posted by Dr Rosenrosen
Member since May 2006
4008 posts
Posted on 5/3/10 at 5:16 pm to
Obtaining a corporate counsel position from Tulane or LSU would be difficult. From Southern, virtually impossible.
Posted by lynxcat
Member since Jan 2008
24980 posts
Posted on 5/3/10 at 8:53 pm to
quote:

kfizzle85


Unless you are going a executive-MBA program, I wouldn't go for an MBA. You will be so far behind the 8-ball in the work experience category that you degrees are not going to help.

To get into an elite MBA program you are going to need 3-5 years work experience. It sounds like you need to get in a job, get it on your resume, and then try to make a move after a couple years. You may be shooting for the stars a little too early, when the stars aren't there yet to shoot.

Don't be in the mentality that whatever job you take is going to be something long term. It is serving a purpose of paying your bills and giving you work experience--that is really all you need at this point. Hopefully from there opportunities will open or you can apply to grad school in a few years.

Also, if you are going into an elite MBA program, the basic TVM can start being a killer. 2 years at $40,000+ for school and then $50,000+ in foregone income, plus higher cost of living in the northeast. You are talking about a $250,000 decision in only two years time...and a dollar today is worth more than one tomorrow.

Given that you already have a CPA and are working on the CFA, an MBA is not worth $250,000 and two years of your life.

You could potentially make the argument for a E-MBA program, but even it could be difficult.

JMO. I think going into an MBA program right now would be an unwise decision.
This post was edited on 5/3/10 at 9:07 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/3/10 at 9:56 pm to
I agree with you, which is why I intend to work for 1-2 years then re-assess. If after 2 years of added work experience, I cannot make the move into the job that I want, I will determine what it is I need to do to do that, and if means spending 2 years getting an MBA, then that's what I'll do. It's not a money issue, its a happiness issue.
Posted by lynxcat
Member since Jan 2008
24980 posts
Posted on 5/3/10 at 11:09 pm to
quote:

I agree with you, which is why I intend to work for 1-2 years then re-assess. If after 2 years of added work experience, I cannot make the move into the job that I want, I will determine what it is I need to do to do that, and if means spending 2 years getting an MBA, then that's what I'll do. It's not a money issue, its a happiness issue.


Thats fair. Hopefully I didn't come off as an arse. I can only wish you the best with your endeavors. It'll all work out--you sound like you have your head on straight and have a noticeable love for the field.


What's your email address? I have some questions about the CPA exam if you wouldn't mind me asking.
This post was edited on 5/3/10 at 11:11 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/3/10 at 11:15 pm to
No, not at all, I appreciate the outside perspective, especially because I know I am having an overreaction to being slighted by the firm in nola. Part of the reason for that reaction is that that firm is literally the only one I know of in the city, which means I'll need to move to really do what I want to do (or get a job at one of the IBs here, which is pretty unlikely), and I was hoping to avoid that, as pretty much all of my friends have moved back or are about to move back. You know what they say though, once you finally get settled in, that's when things change. :sigh:

My email is my tdusername @ gmail.
Posted by lynxcat
Member since Jan 2008
24980 posts
Posted on 5/3/10 at 11:43 pm to
YGM

That has to be frustrating. I think I mentioned it before on here, but most the firms in Memphis do a vertical hiring process. You have to get in right after undergrad or you really have a tough time getting in. I have multiple classmates that have beaten MBAs for jobs--kind of shocking, IMO. It does sound like the environment here is quite different than what you and THF have experienced.

I'm really worried about passing on a job that might suck in the near term but do wonders in the future. Doing audit at a B4 seems to fit those characteristics.

I'll be back in BR in a couple weeks. Maybe we can all IRL and bitch about our problems.
This post was edited on 5/3/10 at 11:44 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/3/10 at 11:51 pm to
I think it is very similar, precisely for the reasons you just mentioned. You either have a stellar MBA or whatever, or you have to have gotten in early on (internships through on-campus). I don't think its impossible to do, I'm just about 3 years behind where I need to be. I should be transitioning into that next level job right now, not starting the first one.

ETA: Replied.
This post was edited on 5/4/10 at 12:20 am
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