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Best of bad options
#1

Best of bad options

Hey everyone, I'm writing because I am in a bit of a touch situation.

Bottom line is that I'm looking to transition from military into institutional finance (Corp Finance at a minimum, preferably ER or AM roles....also open to the right Fin. consulting opportunity) but I've run into a roadblock.

I'll begin by outlining profile and stats:

The Background

710 GMAT, 3.0 GPA from a no-name military college. A short resume follows. I've scrubbed it with the exception of my current Master's program, as that is going to be important later on.

Education

• Denver University, March 2015 - August 2016
o Masters in Finance candidate
o Key Courses: Financial Accounting

• [No Name Military School] , [2010 Graduation]
o B.S. Political Science/Computer Science.
o Key Courses: Statistics, Data Structures and Analysis, Database Administration, Legal Research.

• Wall Street Warfighters Foundation,
o Receiving financial valuation and advisory training.

• Syracuse University, Veterans Career Transition Program,
o Receiving training for PMI’s PMP exam sponsored by JP Morgan.

• United States Army [OMITTED] Officer’s Basic Course,
o Received intensive training in operations management, personnel management, and
mathematical analysis and computation techniques.

Experience

ARMY OFFICER, LOCATION/UNIT OMITTED

Facilities Manager DATE OMITTED
• Closed facilities to support a branch closure. Brought 5 office buildings and 1 vehicle storage and maintenance facility in line with federal, state and local environmental and facility standards while managing stakeholders and controlling costs.

Project Officer DATE OMITTED
• Saved the organization over $400,000 in supply costs. Established a parts warehouse from scratch, with the assistance of two direct reports. Created digital systems for storage and inventory tracking.
• Developed organizational process asset baselines for construction/environmental project managers.

Operations Director DATE OMITTED
• Implemented organizational strategy for an Artillery Battalion consisting of 4 subordinate offices and 500 personnel. Responsible for assignment and completion of all administrative tasks.
• Supervised a 24/7 command center with 12 direct reports.
• Published operations directives and unit calendars, assigned tasks to subordinate units, and determined timelines for required tasks.

Military Advisor/Operations Consultant DATE OMITTED
• Selected to serve under a Special Forces mission commander on a 6-man advisor/mentor team.
• Managed financial requirement forecasting, procurement, infrastructure improvement projects, and related construction contracts.
• Responsible for analysis of regional intelligence resources and assessing impact on team operations.
• Led joint missions with the Afghan National Police Force.

Organizational Involvement

Combined Federal Campaign DATE OMITTED
Fundraising Coordinator
• Ran a charity campaign for a unit of 500 soldiers, supervising the efforts of four subordinate fundraising coordinators and managing donations with the result of exceeding fundraising goals by 20%

Toastmasters International DATE OMITTED
• Earned Certified Toastmaster award. Voted in as the club’s Sergeant at Arms.
• Working on project to pair nonprofit organizations with free speakers from Toastmasters.

*******************************************************************

The Dilemma

The catch is that I have, as of now, not been able to break into any top 30 program.

I'm in the situation where I have two options. The first is to attend a state Master's in Finance Program, listed above. I'm not horribly optimistic about the program as it is a non-name state school, and a non target. To give you an idea of how bad the brand name is, the MBA's place with 62% having job offers, for an average base salary of 62k. The catch is that I'm reasonably certain of being able to get part time internships (the classes run full time, continuously, for 15 months). It's also extremely unlikely that I'm going to have a GPA below 3.8 or be below the top 2-3% of my class. The only way that's going to be happen is if I get extremely lazy or piss off all my professors. I've managed to successfully network my way around some Denver firms and could likely work through multiple 20hr/week internships for course credit with Denver IB and AM firms.

The other option is that I have good reason to believe that I have a job that pays 100k+ base salary on the table, as I had extremely good results from the interview. Without giving away too many details the company is a niche leader in the shipping industry, and the base salary alone is easily 30k more per year than what most military officers can expect these days. The placement firms rarely offer non-engineer jobs above mid 50's a year, and even those jobs are nomadic construction management jobs where you live in the middle of nowhere for 4-9 months at a stretch before moving to the next project. This opportunity is a great job if I wanted to go on the general management track but my interest is strongly towards more analytical finance type jobs. I would however, most likely come out of the job with 6Sigma and PMP certifications 2-3 years from now.

That job would be great by any conventional measure, but I'm acutely aware that taking is going to permanently rule out finance. If I take that I may still be successful in general management though.

Another key fact: I only have 29 months of Post 9/11 GI bill, which means that after completing the MSF I will be ineligable for any Yellow Ribbon programs unless I go to a 1-year MBA. I'm also 29 now. By the time I complete the MSF I will be 30, add on 2 years work experience I wouldn't be starting an MBA program until age 33.

What is everyone's thoughts on the matter? I'm looking towards an MBA in the end game but I'm not sure if either option would position me for that. Would a 3.8+ GPA at the mSF program in question work in my favor and even out the weaknesses on my profile, or would I just be wasting my time?
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#2

Best of bad options

Get the job in the shipping industry, work 2-3 years and get into the best MBA program you can get into. The purpose MBA, besides networking, is to re-brand yourself and enhace your skills. If I were you I'd reach out to military veterans working in finance in your area for a quick phone / Skype conversation.

Read these blogs:
http://www.poetsandquants.com (to get into a top MBA program)
http://www.mergersandinquisitions.com (use their resume template)
http://www.wallstreetoasis.com (to break into high finance)
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#3

Best of bad options

I'm already familiar with all those sites, and am Working them.

The catch is that "the best MBA Program I can get into" is completely worthless. All offer salaries substantially below what I would make in the trucking job.
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#4

Best of bad options

Quote:Quote:

'm in the situation where I have two options. The first is to attend a state Master's in Finance Program, listed above. I'm not horribly optimistic about the program as it is a non-name state school, and a non target.

Denver University is a great school and it's difficult to get into. And also, it's not a state school. It's a private school established in 1864.
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#5

Best of bad options

I don't think any mfin will get you in the door with a high position, except maybe Sloan/Princeton.

I think most mfins in the US are for recent unemployed grads who picked the wrong major, but I could be wrong.
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#6

Best of bad options

Quote: (02-14-2015 11:18 AM)Easy_C Wrote:  

I'm already familiar with all those sites, and am Working them.

The catch is that "the best MBA Program I can get into" is completely worthless. All offer salaries substantially below what I would make in the trucking job.

Because your profile is weak. Don't expect to get into a top program where students will earn +100k upon graduation with a 710 GMAT score, 3.0 from a no name college and 0 experience besides the military. I don't want to sound harsh but I think you're underestimating the sheer number and quality of MBA applicants.

You need a brand name employer on your resume and retake the GMAT and score at least +750. If you take the shipping job (assuming it's a well-known and reputable firm), you can always spin general management experience into finance once in a business school through extracurriculars and networking.
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#7

Best of bad options

Quote: (02-14-2015 11:12 AM)LouEvilSlugger Wrote:  

Get the job in the shipping industry, work 2-3 years and get into the best MBA program you can get into. The purpose MBA, besides networking, is to re-brand yourself and enhace your skills.

This is solid advice. Having two plus years of experience in an industry will make you a much stronger candidate for both MBA programs and landing a legit equity research gig.

Right now I bet you are being put in a bucket with all the other military officers applying for biz school. It is tough to compete against Service Academy grads with 750+ GMATs and 3.5+ GPAs. I don't know the rules on the GMAT anymore, but is it possible to retake it? If so, you could also use the time to try to boost your score to a 750 or higher.

Two or more years of work experience plus a higher GMAT might get you into some of your target schools.
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#8

Best of bad options

Quote: (02-14-2015 11:42 AM)LINUX Wrote:  

Quote:Quote:

'm in the situation where I have two options. The first is to attend a state Master's in Finance Program, listed above. I'm not horribly optimistic about the program as it is a non-name state school, and a non target.

Denver University is a great school and it's difficult to get into. And also, it's not a state school. It's a private school established in 1864.

http://www.bloomberg.com/bschools/rankin...enver.html

56% job offers, 60k average salary.

Doesn't sound like a "great school" to me.
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#9

Best of bad options

quote='LouEvilSlugger' pid='958119' dateline='1424031096']
Quote: (02-14-2015 11:18 AM)Easy_C Wrote:  

I'm already familiar with all those sites, and am Working them.

You need a brand name employer on your resume and retake the GMAT and score at least +750. If you take the shipping job (assuming it's a well-known and reputable firm), you can always spin general management experience into finance once in a business school through extracurriculars and networking.


It's a reputable company, but completely unknown. As mentioned it's a niche carrier.

That said I do believe that I can get into a local IB shop from DU or possibly Goldman Sach's Utah office. A 3.8+ GPA is also a given from this route, and I'm actually planning on using the GRE instead of a 3rd GMAT test to show a high math score.
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#10

Best of bad options

Brand name helps, as does international experience.

I don't think you need a 750+ at all unless you are 24 and have crap experience. The averages at these places are all 720 and below (granted I know a girl that got a 610 and has a half scholarship to Darden which is bullshit).
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