Already as a teenager I developed a special interest in economics, not surprising since both my parents have accounting academic backgrounds. Even though my military service, I used to read economical daily papers and follow the stock exchange market.
Once I successfully obtained my bachelor degree, I started working for ______accounting office. 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.
Throughout the last year in which I worked for ______ Private Equity Fund, I have learned that this is the line of work in which I wish to continue my professional development. 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. working in various developing countries such as Ethiopia, Angola, and Azerbaijan.
Looking even forward, I hope to be promoted and be in charge of a regional investment portfolio. I believe that through my country’s economy resembles other western economies, it still has some way to go in the private equity field. 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 at the forefront of the region’s 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. The school’s long legacy and extensive alumni network could surely make a strong contribution to my career advancement. I have heard a lot on how the school’s career services have outperformed many other top schools’ services during the recent recession which provides me a lot of comfort in light of today’s market’s behavior.
I believe that while I have learned the basic theory of economics and accountings, Chicago’s full-time MBA program could enhance my knowledge in those areas I want to gain further understanding. 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 eager to take part in the program’s lab courses, namely the Private Equity/ Venture Capital Lab, and learn firsthand about actual business challenges and opportunity evaluation.
I am impressed by the wide elective courses selection offered in the concentrations. I am already intrigued by the Analytic Finance concentration, namely the Advanced Investments and Fixed Income Asset Pricing courses. 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. I believe that Chicago Booth’s unique Leadership training program, LEAD, is a wonderful opportunity to practice important skills and enjoy the process. 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 supportive environment is a crucial factor in order to achieve the 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. I was pleased to hear that they all indicated how great their MBA experience was and how exceptionally supportive the school’s faculty and fellow students were. 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.