The MSF and MiM application process

I applied successfully this cycle and I wanted to share what I learned about the process. The first thing is timing, the cycle is a marathon not a sprint. Assuming you're a rising senior, you want to start looking at schools and the GMAT in the spring, you should be asking for letters of recommendations from professors and employers. Summer should be interning and taking the GMAT if you didn't in the spring. Fall should be when you start your actual applications and submitting them ideally in Round 1.

The first step is selecting the schools you will be applying to. You need to assess yourself honestly. It's not an easy process to do. You need to look at your GPA/Work Experience/GMAT and see where you are competitive. You need to figure out where you want to be geographically as this will influence where you will apply. If you are a splitter i.e. good GPA/bad GMAT or vice versa you will need to apply more broadly. Ideally you should apply to somewhere between 3 and 7 schools. Apply to a mix of reach, target and safety schools.

The second step is getting set for the GMAT. Depending on how much free time you have it can take anywhere from a few weeks to a few months. Buy the original guide, Jeff Sackmann, and the Manhattan GMAT Books. Beyond that I would suggest Knewton if you can afford it. You need to be consistent in studying even if it is only an hour a night. Get your baseline score and figure out how much you need to improve. For a tier 2 MSF the mean GMAT is about a 660, For a Tier 1 you should be aiming for a 700+. Schedule your exam ideally in the spring or summer that way you will have time if you need to retake.

The third step is getting your letters of recommendation. You need to get on this early as it can be difficult. Professors can be busy and it can be tough to get them to write it. Employers need to be chosen carefully, ideally you choose someone who knows you well and can write a strong letter for you.

The fourth step is putting the application together. The essays are the tough part. Applications are online starting somewhere in September usually. Take a look at the essays and start thinking about your responses. Many of the essays are similar. Most schools have a "Why Us?" and "Career" essay. Once you've written the first one the rest tend to flow from that. Print the essays out once you're done with them and read them over, that way you can more easily see any mistakes that you have made. Have a trusted friend, a professor or colleague look over your essays. Make the revisions and see if you can't get a third set of eyes to take a look at it.

Finally, it's time to submit the application. The earlier the better. Ideally submit in round 1. After the application, you may have an interview. Most good programs require one. These interviews resemble a behavioral/fit interview. Most of the time it is like this, "Why our school?" "What are your career plans?" "Tell me about your strengths/weaknesses?" "Walk me through your resume/Tell me about yourself?" "Tell me about a time you worked in a team and it failed/succeeded?". Remember to research the school beforehand and to know its strengths. Carefully go through the school's website, its viewbook and its employment data.

Hopefully after all this you have a number of competing offers and can decide on the basis of prestige, financial aid and on how the school fits with you. Choosing can be tough, but focus on how the school places and its cost.

 

Yeah all good info. I also have done fairly well with MSF applications this year. One thing that I think has helped me is that when I was like late in my sophomore year and decided to pursue banking, I realized pretty quickly that I would benefit from one of these programs. So I was able to do things with the goal of helping me get into IB obviously, but also things that would help me get into MSFs. And went into the application process knowledgeable about the programs. For anyone that has a couple years of undergrad left at a non-target or something, I think it's a good idea to go for an MSF and plan for the process early. These programs are only going to get stronger as time goes on

 

Why would a rising junior (i.e. a sophomore) be looking into MSF programs? If said sophomore is at a target, he/she has no need for an MSF program. If said sophomore is at a non-target, why does he/she not try to transfer to a semi-target/target instead of wasting two more years and then doing the MSF? That makes no sense.

 

Just wanted to ask you guys if there is a strong over riding reason one would target a MSF over a MBA program or is it you apply to both and decide once you have offers on your table

"A man travels the world over in search of what he needs and returns home to find it." ~George Moore
 
neil joseph:
Just wanted to ask you guys if there is a strong over riding reason one would target a MSF over a MBA program or is it you apply to both and decide once you have offers on your table

They're intended for completely different times in your career. The MSF/MiM is intended to be generally straight out of undergrad, whereas an MBA is after several years of work experience.

 
futurectdoc:
neil joseph:
Just wanted to ask you guys if there is a strong over riding reason one would target a MSF over a MBA program or is it you apply to both and decide once you have offers on your table

They're intended for completely different times in your career. The MSF/MiM is intended to be generally straight out of undergrad, whereas an MBA is after several years of work experience.

Thank you. I have an admit from a european school with a pretty good scholarship on the back of a 2 yr work ex( in Hedge fund BO)...even though havent decided on anything but just wondering if MSF grads generally go for MBA say 5 years down the line if one is targetting a role in VC/PE...

"A man travels the world over in search of what he needs and returns home to find it." ~George Moore
 
neil joseph:
Just wanted to ask you guys if there is a strong over riding reason one would target a MSF over a MBA program or is it you apply to both and decide once you have offers on your table
yes. Your goals and needs. If you want a broader management education with a focus on finance, but a curriculum including marketing, operations, HR, and other business functions with hope of eventually going into higher management or running a business, then go for the MBA. If you want a deep, dive in finance, a highly quantitative focus, and are really not interested at this point in time in learning about other business functions, then go for the MSF. Also, the MBA is usually two years, and the MiF is usually one year.

Best, Linda Abraham Founder of Accepted.com

Linda Abraham President, Accepted | Contact Me | Admissions Consulting
 
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