A Chartered Accountant’s perspective of “Why MBA”!
In conversation with Akshay who scored a 720 on the GMAT and bagged an MS MBA admit to Boston University!
Could you tell us about your profile?
I am a Chartered Accountant and have been working since 2011. I worked in an audit consulting firm named Grant Thornton for one year. Now, I work as a Senior Financial Analyst with Eaton Corporation.
How did you hear about CrackVerbal?
I am basically based out of Delhi and was invited for a demo class on GMAT by CrackVerbal. Their focus on strategy and logic rather than theory helped me decide instantly on joining the class.
Tell us about your GMAT journey!
I found the GMAT to be very interesting as it tests you on logic and concepts. I attempted the GMAT twice. I joined CrackVerbal for my GMAT classes and gave my first shot at the GMAT in November 2013 where I scored a 610! I believe I went wrong the first time since I had not given myself sufficient time based practice.
I knew I could do better and so decided to re-take the GMAT, but this time I ensured I had a disciplined schedule for my GMAT prep. I gave a lot of practice tests and got familiar with the time management on the GMAT. In July 2014, I took the GMAT for the second time and scored a 720! 🙂
Also, the CrackVerbal Forum helped me understand the different perspectives to a GMAT question and also learn how NOT to approach a question. The Academics Team at CrackVerbal was very quick in their responses (something I liked the most) and they also threw light on the right direction to solve and approach a question.
Why MBA after Chartered Accountancy?
In these four years of my work tenure as a CA, I have interacted with people from various functions like HR, Supply chain and I realized that there was more to just number crunching and financial reporting. I wanted to understand how these numbers influence and impact the other functions and dynamics of a business. This was when I had decided to pursue an MBA.
In a financial position, you are typically looking at a balance sheet from an accounting and financial reporting perspective. But I lacked the understanding of how these numbers impact the overall business performance. Also, my chartered accounting degree is recognized only in India and for a global exposure, I would require to do an MBA.
Why a 2 year MBA over 1 year MBA program?
A two-year MBA program will give me the time to understand and diversify into other business functions like Supply-chain, Operations etc apart from Finance. Also, the opportunity of an internship will give me the chance to work and explore these diverse functions as well.
Which Universities did you apply to?
I applied to Fuqua, Kenan Flagler and Boston University. I have successfully converted an MBA admit to Boston University. Also, the unique feature about the MBA program at Boston University is that they offer a MS MBA program which allows students to get a flavor of technology along with the business background. I found this program very interesting as it would give me an edge on both the technology & management side of the business, thereby opening more employment opportunities in different business domains.
How did you go about your application process?
Initially I was confused about the direction that my MBA was leading me to. I knew no counselor would help me figure that out. After some introspection I realized that I could talk about my Plan A and Plan B instead of ‘The Plan’ after MBA and I had to sound confident about them.
I spent some time interacting with alumns from my preferred B-schools to understand the scope of expectations from my application. I knew I had an advantage in terms of my profile and I decided to use it as my biggest strength in my MBA applications. I focused more on my experiences at work as a Chartered Accountant rather than the tasks I have accomplished.
This approach really helped me differentiate my profile and my advice to all my fellow MBA aspirants is to work on a strategy to differentiate and strengthen your profile. Also, figure out your short-term plan, but don’t sound clueless on your post MBA goals. B-schools want you to showcase why and how the MBA will help you.
Could you tell us how CrackVerbal helped you through this journey?
I worked with CrackVerbal on my applications for Kenan Flager and Fuqua School of Business. The Admission Consultants at CrackVerbal helped me create some great stories that I could showcase on my MBA applications. After working on two schools with CrackVerbal, I understood the structure of approaching a B-school application. This made it very easy to craft my application to Boston University. So, yes the constructive feedback from CrackVerbal on my previous applications helped me replicate it on my application to Boston University.
How was your over-all experience with CrackVerbal?
I thoroughly enjoyed my experience and found the study material to be sufficient for my GMAT prep. I was glad to have engaged with CrackVerbal for my GMAT and MBA journey.
Any words of wisdom for our Readers?
My advice to all fellow MBA aspirants would be to start early and have a plan! The initial channelizing of thoughts regarding your post MBA goals plays a critical factor on your applications. Clarity of short definitive goals is a must!
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