Update + Interview with Accepted.com

Good morning!

I have not updated my blog in a while. There really haven’t been much of an update. I already paid my deposit to go to MIT Sloan, and I am ready to attend in the Fall. I did an interview at Accepted.com (http://blog.accepted.com/2015/03/01/iv-overrepresented-minority-mit-sloan-admit/) if any prospective candidates want to view it.

I may or may not update this blog much in the near future. The key takeaway is don’t let rejections make you overthink your credentials and effort. There are more and less “qualified” people that got in. However, qualified is such a subjective term.

Another thing for candidates more than a year out from applying. This may sound disingenuous, but I do think if you are targeting the best schools and want to have a great story, quit your job and join a nonprofit. In your essay, talk about your convictions to be a social entrepreneur. Bam, you will get to most schools. It’s a big step to do it, because you won’t get paid. However, if you already come from a family of wealth, I do not see it as a big risk. I could not do that, since I was already supporting my parents.

Final Results

Sloan – Admitted!!!

Wharton – Waitlist

Booth – Waitlist

No Kellogg. Wasn’t enthused about Kellogg anyways. Their campus needs renovation… won’t be renovated in the next 2 years.

Not sure what to do now. Sloan was my top choice for technology career path.

Wharton MBA Buy-side Report

Wharton reports its acceptance on December 16th… They have a ton of buy-side employers that gave offers to Wharton students. I finally have had the time to spend hours classifying the firms. Apologies for the mistakes. 3.4% went to Hedge Funds, 6.7% to investment management, 8.5% private equity, 1.7% to venture capital. So 20% of the class went to the buy-side. I think more hedge funds recruited at Wharton versus other schools, and I believe it’s less of a surprise. These start-up hedge funds are mostly in New York.

Wharton Employers Type
Al Masah Capital Asset Management
Asia Consumer Assest Management Asset Management
BlackRock, Inc. Asset Management
Brandywine Global Investment Management Asset Management
ClearBridge Investments Asset Management
Cornerstone Investment Partners Asset Management
Matthews International Capital Management Asset Management
MFS Investment Management Asset Management
Pacific Alternative Asset Management Company Asset Management
Parnassus Investments Asset Management
PIMCO Asset Management
Schultze Asset Management, LLC Asset Management
Archer Capital Management Credit
Capitala Investment Group Credit
Newstone Capital Partners, LLC Credit
AlpInvest Partners Inc. Fund of Funds
Abraaj Capital Limited Hedge Fund
Andalusian Capital Partners Hedge Fund
Carlson Capital, L.P. Hedge Fund
Cartica Capital Hedge Fund
Citadel Investment Group, LLC Hedge Fund
Cleargate Capital Hedge Fund
Crestwood Capital Management, LP Hedge Fund
Davidson Kempner Capital Management LP Hedge Fund
Elliott Management Corporation Hedge Fund
Emerson Capital, LP Hedge Fund
Falcon Investment Advisors Hedge Fund
Fir Tree Partners Hedge Fund
Glade Brook Capital Partners Hedge Fund
Hahn Capital Hedge Fund
Hawkeye Capital Managment, LLC Hedge Fund
Hitchwood Capital Hedge Fund
Incline Global Management, LLC Hedge Fund
Ionic Capital Management Hedge Fund
JAT Capital Management LP Hedge Fund
JHL Capital Group LLC Hedge Fund
KAUST Investment Management Company Hedge Fund
King Street Capital Management, L.P. Hedge Fund
Knighthead Capital Management Hedge Fund
Luxor Capital Hedge Fund
LW Investment Management Hedge Fund
Marathon Asset Management Hedge Fund
Midwood Capital Management Hedge Fund
Mount Kellett Capital Management Hedge Fund
Owl Creek Asset Management Hedge Fund
Rivulet Capital Hedge Fund
SAC Capital Advisors, LLC Hedge Fund
Soros Fund Management LLC Hedge Fund
Sovarnum Capital Hedge Fund
Stelliam Investment Management Hedge Fund
Stone Lion Capital Partners Hedge Fund
Tamarack Capital Management Hedge Fund
Tiger Legatus Capital Management Hedge Fund
Tybourne Capital Management Hedge Fund
York Capital Management Hedge Fund
American Securities LLC Private Equity
Angelo, Gordon & Co. Private Equity
Aqua Capital Partners Private Equity
Argonaut Private Equity Private Equity
Artisan Partners Limited Partnership Private Equity
Avista Capital Partners Private Equity
Bain Capital, LLC Private Equity
Baring Private Equity Asia Limited Private Equity
Baron Capital, Inc. Private Equity
Battery Ventures Private Equity
Blackstone Group LP, The Private Equity
Bridge Growth Partners Private Equity
Canada Pension Plan Investment Board Private Equity
Carlyle Group, The Private Equity
CarVal Investors Private Equity
Centerbridge Partners, L.P. Private Equity
CenterSquare Investment Management Private Equity
CITIC PE Private Equity
Clarion Partners Private Equity
Cressey & Company LP Private Equity
Ecus Private Equity Private Equity
Emerging Capital Partners (ECP) Private Equity
Formation Capital Private Equity
GI Partners Private Equity
GP Investments Private Equity
Graham Partners Private Equity
GTCR Private Equity
H.I.G. Capital Private Equity
HarbourVest Partners Private Equity
Hermitage Capital Management Private Equity
Hony Capital Private Equity
Impact Investment Group Private Equity
Intervale Capital Private Equity
Kamylon Capital Private Equity
Kohlberg Kravis Roberts (KKR) & Company Private Equity
L Capital Private Equity
NaviMed Capital Private Equity
Permira Advisors L.L.C. Private Equity
Riverside Partners, LLC Private Equity
Signal Hill Equity Partners Private Equity
Snow Lake Capital Private Equity
Summit Park Partners Private Equity
Teton Capital Private Equity
Vector Capital Private Equity
Vestar Capital Partners Private Equity
Vista Equity Partners Private Equity
Warburg Pincus LLC Private Equity
Wellspring Capital Management Private Equity
WestBridge Capital Private Equity
Commerce Ventures Venture Capital
DreamIt Ventures Venture Capital
Earlybird Venture Capital Venture Capital
Edison Ventures Venture Capital
Education Pioneers and NewSchools Venture Fund Venture Capital
Evolution Media Capital Venture Capital
Genacast Ventures Venture Capital
Headland Capital Partners Venture Capital
HLM Venture Partners Venture Capital
ICICI Ventures Venture Capital
Kapor Capital Venture Capital
Kibo Ventures Venture Capital
Longitude Capital Venture Capital
Sadara Ventures Venture Capital
Sequoia Capital Venture Capital
Shineon Capital Management Venture Capital
Thrive Capital Venture Capital
Winklevoss Capital Venture Capital
Winona Capital Management Venture Capital

Booth Buy-side Employment Report

Booth is well known for its finance program.

9% go into investment management, 5% private equity, and 3% venture capital. I do believe the Polsky center and other programs help position Booth over other schools with buy-side placements. 17% of the class go to the buy-side (15% of the class went into investment banking). Anyhow here’s the same breakdown of employers:

Booth Employer Industry
Calamos Asset Management, Inc Asset Management
Cupps Capital Management, LLC Asset Management
Dimensional Fund Advisors Asset Management
EDM Asset Management Limited Asset Management
Enhanced Capital Partners, LLC Asset Management
Fidelity Investments Asset Management
Franklin Templeton Investments Asset Management
Janus Capital Management LLC Asset Management
Martin Investment Management, LLC. Asset Management
New York Life Investment Management LLC Asset Management
Pacific Alternative Asset Management Company, LLC Asset Management
PIMCO Asset Management
Putnam Investment Management, LLC Asset Management
WEDGE Capital Management L.L.P. Asset Management
Wellington Management Company, LLP Asset Management
William Harris Investors, Inc. Asset Management
Castlelake, L.P. Credit
Varde Partners, Inc. Credit
Castle Union LLC Distressed PE
McNally Capital Family Office
Abraaj Capital Hedge Fund
Appaloosa Management L.P. Hedge Fund
Carlson Capital, L.P. Hedge Fund
Citadel Hedge Fund
Copia Capital LLC Hedge Fund
David Capital Partners, LLC Hedge Fund
Goudy Park Capital LP Hedge Fund
Tiger Pacific Capital Hedge Fund
Tough Mudder LLC Hedge Fund
Volition Capital LLC Hedge Fund
Charter School Growth Fund Non–profit PE
Akoya Capital LLC Private Equity
Altamar Private Equity Private Equity
Angelo, Gordon & Co. Private Equity
Apollo Global, Inc. Private Equity
Baird Capital Partners Private Equity
Baring Private Equity Asia Private Equity
Bridge Investments LLC Private Equity
Capvis Equity Partners AG Private Equity
Cartesian Capital Group, LLC. Private Equity
Catterton Partners Corp. Private Equity
CIM Group, LP Private Equity
CITIC Capital Holdings Limited Private Equity
CITIC Private Equity Funds Management Co., Ltd. Private Equity
Clearwater Capital Partners, LLC Private Equity
Concentric Equity Partners, L.P. Private Equity
Council Capital Private Equity
Equator Capital Partners, LLC. Private Equity
Equity Group Investments, LLC Private Equity
Fireman Capital Partners Private Equity
Fortress Investment Group LLC Private Equity
Foundation Capital Private Equity
H.I.G. Capital Private Equity
HGGC, LLC Private Equity
KKR Capstone Asia Limited Private Equity
Pfingsten Partners, LLC Private Equity
Pine Brook Road Partners, LLC Private Equity
Sanari Capital Private Equity
The Pritzker Group Private Equity
Thoma Bravo LLC Private Equity
Wind Point Partners Private Equity
Winona Capital Management Private Equity
Acumen Fund, Inc. Venture Capital
Detroit Venture Partners, LLC Venture Capital
Hyde Park Angels Venture Capital
KaszeK Ventures Venture Capital
Legend Capital Venture Capital
Lightbank LLC Venture Capital
MK Capital Venture Capital
OCA Ventures Venture Capital
Santa Fe Capital Group Venture Capital
Scale Venture Partners Venture Capital
Union Park Capital Venture Capital

Sloan MBA Careers Breakdown

Sloan has one of the smallest MBA classes. ~30% go into consulting. Low single digits even go into investment management and private equity. I was curious to see what firms hired Sloan MBA students:

Sloan Employer Type
Advent International Corp. Private Equity
Black River Asset Management Asset Management
Fidelity Investments Asset Management
MassVentures Venture Capital
MFS Investment Management Asset Management
Norwest Equity Partners Venture Capital
PAR Capital Management Hedge Fund
Passport Capital Hedge Fund
PIMCO Asset Management
Redstar Ventures Venture Capital
Wellington Management Asset Management

Forgive me if I left off some names on accident. This list includes both 2014 full-time and 2015 internships. The list is ALOT smaller than Kellogg’s. One thing I was impressed with was Sloan’s faculty in Finance. However, if I did get accepted at Sloan, I will be taking a real hard look at pursuing entrepreneurship. Potentially having finance as a fall-back.

The buy-side presence is really small here at Sloan.

Kellogg Careers Breakdown

Even though I have not been accepted by Kellogg yet, I am continuing to do my due diligence since I have nothing better to do. I am shocked I have not seen this list anywhere else.

I am extremely impressed with the career survey of 2013. ~750 students with 13% in PE/VC. I took their career survey and tried to classify the majority of the buy-side firms (apologies if I left some out). I also have a worksheet with some notes for myself. I am specifically more interested in the hedge fund placements and saw over 5 hedge funds and most were multi-billion. This is amazing placement, considering how small the Asset Management Practicum is. I do believe the AMP program will be the primary reason I choose Kellogg over other schools if I do get accepted.

It should also be noted that Booth/Kellogg may have better buy-side placements compared to Wharton since there are so many firms in Chicago, and students can work there during the school-year. Philadelphia doesn’t have much…

Here is the list:

Kellogg Firms Industry
Dimensional Fund Advisors Asset Management
Martin Investment Management Asset Management
Oppenheimer Funds, Inc. Asset Management
PAAMCO Asset Management
Pacific Eagle Asset Management Asset Management
PIMCO Asset Management
First Capital Partners Credit/Mezz
McNally Capital Fund of Funds
Alyeska Investment Group Hedge Fund
Brave Warrior Advisors Hedge Fund
Bridger Capital LLC Hedge Fund
Citadel Hedge Fund
Goudy Park Capital Hedge Fund
Ares Management LLC Private Equity
Baring Private Equity Asia Private Equity
Bratus Capital Private Equity
Compass Group Management Private Equity
Creation Investments Capital Private Equity
Crescent Capital Group LP Private Equity
Great Hill Partners Private Equity
GTCR Golder Rauner LLC Private Equity
Gulf Capital Private Equity
OMERS Private Equity Private Equity
Pine Tree Equity Partners Private Equity
Providence Equity Partners Private Equity
QuinStreet, Inc. Private Equity
Riverwood Capital Private Equity
Sterling Partners Private Equity
The Riverside Company Private Equity
TPG Capital Private Equity
Waud Capital Partners Private Equity
Wind Point Partners Private Equity
AMD Ventures Venture Capital
Ardent Capital Venture Capital
C lassified Ventures, LLC — Venture Capital
Dreamit Ventures Venture Capital
Insight Equity Venture Capital
Northern Light Venture Capital Venture Capital
OMERS Ventures Venture Capital
Qualcomm Ventures Venture Capital
Shasta Ventures Venture Capital
Sterling Ventures Venture Capital
Tresalia Capital Venture Capital
VIVO Ventures Venture Capital

My Ranking of Schools and Details about Kellogg Interview

My three goals of business school: entrepreneurship, network, and professor mentor. I want to build something. I want to meet new people and create life-long friendships. I want to work closely with a professor on a finance research project and have him to fall-back on when I have theoretical questions while on-the-job (I am always intellectually curious and question every investment made).

I will be happy to get accepted to any of the business schools on my list. But right now at this moment, I would rank my choices: Sloan, Wharton, Booth, and Kellogg. In reality, these 4 schools interchange ranking everyday as I do more diligence. Sloan has the best entrepreneurship track and small class to get to know professors. Great alumni network. Wharton has the best finance program and has the Wharton West campus. Booth is strong in both finance and entrepreneurship with the New Venture Challenge. Kellogg has unique programs like the AMP (Asset Management Practicum) that caught my eye, and the culture at Kellogg I definitely identify with the most. Furthermore, I could finally have a team to truly root for in college sports.

Now the purpose of this post is to focus on my thoughts on Kellogg. I interviewed in November. Kellogg interviews everyone in the USA I believe, and they use a mix of first-year, second-year, alumni, and admission officer. So I flew in for the interview in the morning. I showed up actually 45 minutes early! However… I did not call the admissions office to ask about parking guidance, since this is Evanston, Illinois! It should have parking everywhere! Lo’ and behold, I parked at the wrong spot. Recommendation: call ahead of time to ask about parking.

I was not impressed with Kellogg’s building, but I do appreciate having a campus and living close to campus. My interviewer asked standard questions:

  1. Tell me about yourself.
  2. Why Kellogg?
  3. Why MBA?
  4. What kind of leader are you?
  5. Describe yourself in 2-3 words.
  6. What do your friends think about you?

There were a few other questions I may have left out. I did not prepare the “what kind of leader am I” question, since I really lead in various ways based on various circumstances. On a side note, Kellogg has the most impressive online presence. You can sign up in their portal to list your background, and they will automatically connect with you a student of a similar background. I learned a lot about the finance and AMP program. The AMP program could definitely be the kicker if I get accepted to multiple schools.

For those preparing for Kellogg, I recommend speaking to students and get a gist of the culture. I definitely see the culture at Kellogg more collaborative and less competitive compared to other schools.