HEC Paris Application Essays & Questions 2023-2024
- Which MIF specialization do you want to follow: Corporate Finance or Capital Markets?
- Imagine you have been admitted to three of your top choice Finance master programs. In 400 words tell us how you will decide on the program that you will ultimately join next year. (400 words max)
- In your view, what effects will the European, UK, and US central banks’ monetary policy responses to the current period of high inflation have on the financial services industry? What impact, if any, will this have on your desired career path? Why? (450 words max)
- What is more important to you – to work fast or to get the job done right? You must choose only one option, you cannot hedge. Please explain. (300 words max)
HEC Paris Winning Sample Essays – 1
Which MIF specialization do you want to follow: Corporate Finance or Capital Markets?
I have decided to specialize in Corporate Finance within the HEC Paris MSc in International Finance (MiF) program. This decision aligns with my career goals and the professional trajectory I envision for myself in the field of Real Estate Private Equity (REPE). The Corporate Finance specialization offers a robust foundation in key areas such as mergers and acquisitions, corporate valuation, financial restructuring, and strategic financial management, all of which are crucial for a successful career in REPE.
The comprehensive curriculum of the Corporate Finance specialization will provide me with the advanced analytical skills and practical knowledge necessary to evaluate and manage complex financial transactions. Courses such as Advanced Corporate Finance, Mergers and Acquisitions, and Financial Statement Analysis will equip me with the technical expertise to navigate the intricacies of corporate financial management. This is particularly relevant to my goal of transitioning into a role at a leading REPE firm like Blackstone or Brookfield, where such skills are essential for identifying and executing high-value real estate investments.
Furthermore, the specialization’s emphasis on strategic financial decision-making aligns with my long-term ambition of establishing my own REPE firm in India. The strategic perspective gained through this specialization will be invaluable in making informed investment decisions, managing financial risks, and driving the growth and profitability of my future business ventures.
The Corporate Finance specialization at HEC Paris also offers numerous opportunities for practical learning and industry engagement. The program’s strong connections with leading financial institutions and the opportunity to participate in real-world projects and internships will provide me with hands-on experience and valuable industry insights. Additionally, the extensive alumni network and the school’s reputation in the finance industry will open doors to significant networking opportunities and potential collaborations.
In conclusion, the Corporate Finance specialization within the HEC Paris MiF program aligns perfectly with my career aspirations and provides the ideal platform to acquire the knowledge and skills necessary for a successful career in Real Estate Private Equity. I am confident that this specialization will equip me with the technical expertise, strategic perspective, and practical experience required to achieve my professional goals and make a meaningful impact in the finance industry.
Imagine you have been admitted to three of your top choice Finance master programs. In 400 words tell us how you will decide on the program that you will ultimately join next year.
If I were admitted to three of my top-choice finance master’s programs, my decision would be guided by a combination of factors: curriculum relevance, practical learning opportunities, and the institution’s reputation and network.
Firstly, I would evaluate the curriculum of each program to ensure it aligns with my career goals in Real Estate Private Equity (REPE). I would look for programs that offer specialized courses in corporate finance, real estate finance, and financial modeling. The relevance and depth of the curriculum in these areas are crucial for building the technical expertise required in REPE. For instance, courses on mergers and acquisitions, financial restructuring, and strategic financial management would be highly beneficial.
Secondly, I would consider the practical learning opportunities provided by each program. Hands-on experience through internships, case studies, and real-world projects is vital for applying theoretical knowledge to practical scenarios. I would prefer programs that have strong industry connections and partnerships with leading financial institutions, as these would provide valuable insights and exposure to the financial industry. Opportunities to engage with industry professionals and participate in internships would significantly enhance my learning experience and prepare me for my career.
The institution’s reputation and alumni network would also play a significant role in my decision. A strong reputation in the finance industry and a well-connected alumni network can open doors to valuable networking opportunities and potential collaborations. I would research the success of alumni from each program and consider how their careers have progressed post-graduation. Institutions with a strong track record of placing graduates in top-tier REPE firms would be particularly attractive.
Additionally, the geographic location of the program would be a factor. Being in a financial hub like London, Paris, or New York would provide easier access to industry events, internships, and networking opportunities. Proximity to major financial centers can enhance the overall learning experience and provide practical exposure to the finance industry.
Finally, I would consider the cultural fit and personal preferences. The learning environment, class size, and overall culture of the institution are important for a fulfilling academic experience. I would prefer a collaborative and dynamic environment where I can thrive and build lasting relationships with peers and faculty.
In conclusion, my decision would be based on a comprehensive evaluation of the curriculum, practical learning opportunities, institution reputation, geographic location, and cultural fit. By considering these factors, I am confident that I would choose the program that best supports my career aspirations and provides a holistic and enriching educational experience.
In your view, what effects will the European, UK, and US central banks’ monetary policy responses to the current period of high inflation have on the financial services industry? What impact, if any, will this have on your desired career path? Why?
The central banks in Europe, the UK, and the US have adopted various monetary policy measures to combat the current period of high inflation. These measures include raising interest rates, reducing asset purchases, and tightening liquidity conditions. These policy responses are likely to have significant effects on the financial services industry and will directly impact my desired career path in Real Estate Private Equity (REPE).
Firstly, higher interest rates will increase the cost of borrowing, affecting both businesses and consumers. For the financial services industry, this means a potential slowdown in loan growth and increased default risks. Banks and financial institutions will need to adjust their lending practices and manage their credit risks more effectively. In the REPE sector, higher borrowing costs will impact real estate financing, making it more expensive to leverage debt for property acquisitions and development projects. As a result, REPE firms may need to adopt more conservative investment strategies and focus on properties with higher yields to offset the increased financing costs.
Secondly, tighter liquidity conditions and reduced asset purchases by central banks will likely lead to increased market volatility and reduced investor confidence. The financial services industry will need to navigate these turbulent market conditions and manage risks associated with fluctuating asset prices. For REPE firms, this environment presents both challenges and opportunities. On one hand, increased volatility may lead to more cautious investment behavior and a focus on core, stable assets. On the other hand, market dislocations can create opportunities to acquire undervalued properties and distressed assets at attractive prices.
The impact of these monetary policy measures on the financial services industry will also extend to regulatory changes. Central banks and regulatory authorities may introduce stricter capital requirements and risk management guidelines to ensure financial stability. REPE firms will need to comply with these regulations and enhance their risk assessment and mitigation strategies. This will require a deep understanding of the regulatory landscape and the ability to adapt to evolving requirements.
From a career perspective, these changes in the financial services industry will shape my role and responsibilities in the REPE sector. I will need to develop a strong understanding of macroeconomic trends and monetary policy impacts to make informed investment decisions. The ability to analyze and interpret central bank policies and their implications for real estate markets will be crucial for identifying investment opportunities and managing risks effectively.
Moreover, the dynamic environment created by these monetary policy responses will require adaptability and strategic thinking. I will need to stay abreast of market developments and continuously refine my investment strategies to navigate the changing landscape. The skills and knowledge gained from the HEC Paris MiF program, particularly in corporate finance and financial analysis, will be invaluable in this context.
In conclusion, the monetary policy responses of central banks to high inflation will have significant effects on the financial services industry, including the REPE sector. These changes will impact borrowing costs, market volatility, and regulatory requirements, shaping the investment landscape and influencing my career path. By developing a deep understanding of these macroeconomic factors and honing my strategic thinking skills, I will be well-equipped to navigate these challenges and capitalize on the opportunities in the REPE industry.
What is more important to you – to work fast or to get the job done right? You must choose only one option, you cannot hedge. Please explain.
If I must choose between working fast and getting the job done right, I would prioritize getting the job done right. The quality and accuracy of work are paramount, especially in the field of finance, where decisions have significant and far-reaching consequences. Ensuring that tasks are completed correctly is essential for maintaining credibility, building trust, and achieving long-term success.
In the financial services industry, precision and attention to detail are critical. Errors or inaccuracies in financial analysis, reporting, or decision-making can lead to substantial financial losses, regulatory penalties, and damage to professional reputation. For instance, in Real Estate Private Equity (REPE), accurate valuation and due diligence are crucial for making sound investment decisions. A single mistake in evaluating a property’s potential or overlooking a key risk factor can result in significant financial setbacks and missed opportunities.
Moreover, getting the job done right fosters trust and reliability, both within a team and with external stakeholders. In my experience leading the digital transformation at Anoop Asthana Properties, I have learned that meticulous planning and thorough execution are essential for successful outcomes. Implementing a new CRM system and centralizing our database required careful attention to detail to ensure data accuracy and system functionality. By prioritizing quality over speed, we achieved a seamless transition that enhanced our operations and client satisfaction.
Working with precision also contributes to continuous improvement and learning. By taking the time to understand and address the nuances of a task, one can gain deeper insights and develop more effective solutions. This approach aligns with my long-term career goals, where building expertise and mastering complex financial concepts are essential for success. For example, in developing a proprietary ranking system for Indian mutual funds at Finstop, I focused on creating a robust and accurate model, even if it took longer. This attention to detail resulted in a reliable system that provided valuable insights to investors.
While working fast can be beneficial in certain situations, such as meeting tight deadlines or responding to urgent issues, it should not come at the expense of quality. In finance, the consequences of errors can be severe, and the emphasis should always be on delivering accurate and reliable work. Moreover, getting the job done right the first time can save time in the long run by reducing the need for rework and corrections.
In conclusion, prioritizing the quality and accuracy of work is more important to me than working fast. Ensuring that tasks are completed correctly is essential for maintaining credibility, building trust, and achieving long-term success in the financial industry. By focusing on precision and thoroughness, I can contribute to effective decision-making, continuous improvement, and sustained professional growth.
Quick Essay Review
Worried if your Essay is Good enough or Not?
Need a last-minute review?
Submit your essays below & get in-depth feedback within 48 Hours.
HEC Paris Winning Sample Essays – 2
Which MIF specialization do you want to follow: Corporate Finance or Capital Markets? (500 words)
I have decided to pursue the Capital Markets specialization within the Master’s in Finance (MIF) program at HEC Paris. This decision is driven by my professional aspirations, previous experience, and a keen interest in the complexities and dynamics of global financial markets.
Capital markets are the lifeblood of the global economy, providing the necessary liquidity for businesses and governments to fund operations and investments. My fascination with capital markets stems from their critical role in facilitating economic growth and stability. The ability to analyze and navigate these markets is crucial for anyone aspiring to make significant contributions to the financial industry. This specialization offers the comprehensive understanding and advanced skills required to excel in roles such as a Quantitative Analyst, Portfolio Manager, or Financial Engineer, all of which are aligned with my career goals.
My current role as a Senior Associate in Global Markets Treasury at Stanbic IBTC Bank has provided me with substantial exposure to capital markets. I have successfully led projects involving foreign exchange trading and risk management, such as negotiating with the Central Bank of Nigeria to unlock $380 million in foreign exchange flows. These experiences have underscored the importance of sophisticated financial instruments and strategies in managing market risks and optimizing returns.
The Capital Markets specialization at HEC Paris will allow me to build on this foundation by deepening my understanding of advanced financial theories, quantitative methods, and practical applications. Courses such as Fixed Income Securities, Derivatives, and Financial Econometrics will provide the technical expertise needed to develop and implement complex trading and investment strategies. Additionally, the program’s emphasis on real-world applications through internships, industry projects, and simulations will enhance my practical skills and prepare me for the challenges of the capital markets industry.
Moreover, HEC Paris’s strong connections with leading financial institutions and its strategic location in one of Europe’s major financial hubs offer unparalleled opportunities for professional growth and networking. Engaging with industry experts, alumni, and peers will provide valuable insights into the latest trends and developments in capital markets, as well as potential career opportunities.
The Capital Markets specialization is also aligned with my long-term goal of establishing a climate-adaptive energy fund dedicated to financing renewable energy projects and sustainable infrastructure development in Sub-Saharan Africa. A deep understanding of capital markets will be essential for structuring innovative financing solutions, attracting investments, and managing financial risks associated with such projects. This specialization will equip me with the necessary skills and knowledge to drive sustainable growth and contribute to the transition towards a low-carbon economy.
In summary, pursuing the Capital Markets specialization within the MIF program at HEC Paris is a strategic decision that aligns with my professional aspirations, builds on my existing experience, and supports my long-term goals. The program’s rigorous curriculum, practical learning opportunities, and strong industry connections make it the ideal choice for developing the expertise and skills needed to excel in the dynamic and challenging field of capital markets.
Imagine you have been admitted to three of your top choice Finance master programs. In 400 words tell us how you will decide on the program that you will ultimately join next year. (500 words)
If I were admitted to three of my top choice finance master programs, my decision would be guided by several key factors: curriculum relevance, experiential learning opportunities, faculty expertise, and professional networking potential. These criteria are essential in selecting a program that best aligns with my career aspirations and provides the comprehensive education and practical experience needed for success in the finance industry.
First and foremost, I would closely examine the curriculum of each program to ensure it aligns with my professional goals. My primary interest lies in capital markets and sustainable finance, so I would prioritize programs that offer specialized courses in these areas. I would look for a robust selection of courses such as Derivatives, Financial Econometrics, Sustainable Finance, and Risk Management. Additionally, programs that emphasize quantitative methods and the practical application of financial theories would be particularly appealing, as these skills are crucial for my desired career path.
Experiential learning opportunities are another critical factor in my decision-making process. I would evaluate each program’s offerings in terms of internships, industry projects, simulations, and case studies. These hands-on experiences are invaluable for applying theoretical knowledge to real-world scenarios, gaining practical skills, and building a professional network. Programs with strong partnerships with leading financial institutions and opportunities for internships in major financial hubs would be particularly attractive, as they provide direct exposure to the industry and potential career opportunities.
Faculty expertise is also a significant consideration. I would assess the qualifications, research interests, and industry experience of the faculty members in each program. Learning from renowned professors and industry practitioners who are experts in their fields would enhance my educational experience and provide valuable insights into the latest trends and developments in finance. Faculty members who are actively engaged in research and industry collaborations can also offer mentorship and guidance, further enriching my academic and professional journey.
Professional networking potential is another crucial factor. I would consider the alumni network and industry connections of each program. A strong alumni network can provide mentorship, career advice, and job opportunities, while industry connections can facilitate internships, projects, and collaborations. Programs located in major financial centers with strong ties to the finance industry would offer significant advantages in terms of networking and career prospects.
Lastly, I would take into account the overall reputation and ranking of the programs. Attending a highly regarded institution can enhance my credentials and open doors to prestigious career opportunities. However, reputation alone would not be the deciding factor; it would be considered in conjunction with the other criteria mentioned above.
In summary, my decision would be based on a comprehensive evaluation of the curriculum relevance, experiential learning opportunities, faculty expertise, and professional networking potential of each program. By prioritizing these factors, I would select the finance master program that best aligns with my career goals and provides the most comprehensive and practical education to achieve my aspirations in the finance industry.
In your view, what effects will the European, UK, and US central banks’ monetary policy responses to the current period of high inflation have on the financial services industry? What impact, if any, will this have on your desired career path? Why? (500 words)
The monetary policy responses of the European, UK, and US central banks to the current period of high inflation are likely to have significant effects on the financial services industry. These central banks have been implementing measures such as raising interest rates and reducing quantitative easing to curb inflation. These actions will have a multifaceted impact on the financial markets, the broader economy, and the financial services industry.
One of the immediate effects of tighter monetary policy is an increase in borrowing costs. Higher interest rates make borrowing more expensive for consumers and businesses, which can lead to a reduction in spending and investment. This slowdown in economic activity can impact the profitability of financial institutions, particularly those heavily reliant on lending and borrowing activities. Banks and other financial intermediaries may face challenges in maintaining their profit margins, and there could be a shift in their business strategies to adapt to the changing economic environment.
In the capital markets, higher interest rates typically lead to a decline in bond prices and an increase in yields. This environment can create opportunities for fixed-income investors seeking higher returns, but it also poses risks for existing bondholders who may face capital losses. Additionally, equity markets may experience increased volatility as investors reassess their risk-reward profiles in light of higher borrowing costs and potential economic slowdown. Financial services firms will need to navigate this volatility and manage their portfolios carefully to mitigate risks and capitalize on emerging opportunities.
For my desired career path in capital markets and sustainable finance, these monetary policy responses present both challenges and opportunities. On one hand, the increased market volatility and higher interest rates will require a deep understanding of market dynamics and advanced risk management strategies. My role as a Quantitative Analyst or Portfolio Manager will involve developing sophisticated models to navigate these complexities and make informed investment decisions. The ability to analyze market trends, assess risks, and adapt strategies in response to changing economic conditions will be critical.
On the other hand, the focus on sustainable finance and the transition towards a low-carbon economy present significant opportunities. Despite the tightening monetary policies, there is a growing recognition of the need for sustainable investments. Governments and institutions are increasingly prioritizing environmental, social, and governance (ESG) factors, and there is a strong push towards financing renewable energy projects and sustainable infrastructure. My expertise in sustainable finance, combined with a deep understanding of capital markets, will position me well to drive investments in these areas and contribute to the sustainable growth of the financial sector.
Moreover, the emphasis on ESG factors and sustainable investments is likely to be less affected by short-term monetary policy changes, given the long-term nature of these initiatives. Financial institutions are incorporating sustainability into their core strategies, and there is a growing demand for professionals with expertise in sustainable finance. This alignment with my career goals ensures that I can continue to make a meaningful impact despite the challenges posed by tighter monetary policies.
In summary, the monetary policy responses of the European, UK, and US central banks to high inflation will have significant effects on the financial services industry, including increased borrowing costs, market volatility, and shifts in investment strategies. For my desired career path in capital markets and sustainable finance, these changes present both challenges and opportunities. By leveraging advanced financial knowledge and focusing on sustainable investments, I can navigate these complexities and contribute to the growth and resilience of the financial sector.
What is more important to you – to work fast or to get the job done right? You must choose only one option, you cannot hedge. Please explain. (500 words)
For me, getting the job done right is more important than working fast. While speed can be advantageous in certain situations, the quality and accuracy of work are paramount, especially in the finance industry where precision and reliability are critical.
Ensuring that the job is done right involves a thorough understanding of the task at hand, careful planning, and meticulous execution. In my experience, attention to detail and a commitment to excellence are essential for delivering high-quality results. For instance, in my role as a Senior Associate in Global Markets Treasury at Stanbic IBTC Bank, I have been responsible for designing financial models and executing complex transactions. These tasks require a high level of accuracy and due diligence, as even minor errors can lead to significant financial losses and reputational damage.
One notable example is when I led a project to develop a digital pricing template for calculating expected returns on investments. The success of this project hinged on the precision of the data and the accuracy of the calculations. Rushing through the process could have resulted in flawed models, leading to incorrect pricing and potential losses for the bank and its clients. By prioritizing accuracy and taking the necessary time to validate the data and verify the calculations, I ensured the successful implementation of the template, which ultimately reduced labor costs by 70% and improved operational efficiency.
Moreover, in the context of sustainable finance, where I aim to focus my career, getting the job done right is even more critical. Sustainable investments require a comprehensive assessment of environmental, social, and governance (ESG) factors, as well as the long-term impact of the projects. This involves conducting thorough due diligence, evaluating potential risks, and ensuring that the investments align with sustainability goals. Rushing through these processes could compromise the integrity of the investments and undermine the intended positive impact on society and the environment.
Additionally, prioritizing quality over speed fosters a culture of accountability and continuous improvement. When team members understand the importance of getting the job done right, they are more likely to take ownership of their work, collaborate effectively, and strive for excellence. This approach not only enhances individual performance but also contributes to the overall success and reputation of the organization.
While I recognize that working fast can be beneficial in certain situations, such as meeting tight deadlines or responding to urgent issues, it should not come at the expense of quality. In the finance industry, where the stakes are high and the margin for error is low, ensuring that the job is done right is essential for maintaining trust, achieving long-term success, and making a meaningful impact.
In conclusion, getting the job done right is more important to me than working fast. By prioritizing quality and accuracy, I can deliver high-quality results, ensure the integrity of my work, and contribute to the success and sustainability of the finance industry. This approach aligns with my professional values and commitment to excellence, and it will guide my actions and decisions throughout my career.
HEC Paris Recommendation Letter – Key Questions
- How long and in what capacity have you known the candidate?
- What do you think about the candidate’s professional performance and potential (including any room for improvement)?
- How would you rate the candidate compared to a similar student or professional in terms of:
-Analytical skills?*
-Ability to work collaboratively?*
-Communication skills?*
-Leadership skills?*
-Integrity?*
-Maturity / Professionalism?*
MiF Recommendation Letters
(Free Samples & successful Examples)
Professor - Recommendation letter Sample 1
Here is a quick PDF of a sample recommendation our client submitted for a successful admit.
Professor - Recommendation letter Sample 2
To,
Admissions Committee
HEC Paris – Masters in Finance Program
Date: 08-09-2023
Subject: “Recommendation letter for Akhil’s application to MIF program at HEC Paris”
Dear Admissions Committee,
I have known Akhil for over 2 years now. He was a student in my Entrepreneurship course as part of his Minor in Entrepreneurship and Management. As a student in my class, Akhil showed great skill at applying these notions in the more practical in-class quizzes, his final group business pitch at the end of the course, and his professional activities at UBS. Akhil’s also had a remarkable performance in my course, in which Akhil got the highest grade possible of A+.
In terms of his potential,
Akhil stood out to me in the final project that I gave as part of the course evaluation. As a major assessment, I give a project assignment for students to work in groups and pitch a good, self-sustaining business idea.
Akhil took the initiative and created a multicultural and diverse team with students not only from different countries but also students from different majors and successfully delivered a group business pitch for a student-run laundry and cleaning business. The idea picked by his team was unique, and he actively sought my advice and mentorship to make the team and the project successful.
Another noteworthy facet is the analytical research done by Akhil before and after seeking my advice; he actively made an effort to learn about diverse topics that he had not been exposed to before and was successfully able to learn about the different aspects of entrepreneurship, such as management and finance. Demonstrating his goal and detail-oriented ability. Rhe idea, the data oriented research, and the financial analysis were really impressive (synthesized and executed on assigned taks). Also, the real-world considerations regarding the execution of the pitch, as well as the cohesive delivery from a team collaboration perspective, were good.
I liked the project, and I asked Akhil if I could include the pitch and presentation as teaching material for my course as well as offering a Research Assistant position to Akhil in the next summer, which he was unable to take due to him having graduated
With his analytical skills and his collaborative approach, it came to me as no surprise that he was able to successfully chase his goal and transition into finance directly from his undergrad in engineering, landing a role in finance with UBS in their Investment Banking Operations in Hong Kong.
In terms of his potential areas of Improvement
I think Akhil’s analytical nature and detail-orientedness sometimes leads to him getting too caught up in details and spending excess time on the intricate details, leading to improper time management.
In the group project, Akhil struggled with time management and was a week behind schedule for his group due to him giving equal attention to all the details of the presentation, losing track of the bigger picture of the project. With my guidance, he was able to get back on speed and submitted the project by the submission deadline. But I believe that Akhil needs to work on gaining a view of the overall project that he is working for better time management.
Overall Recommendation
Akhil is only starting his financial career, but he has the analytical skills and a level of understanding about management, teamwork and other elements of organizational life that are comparable to other top students that I recommended before to Masters programs.
Akhil’s progress at CityU and at UBS clearly demonstrates his intellect and hard work. He is capable and has an acute intellectual capacity for thinking analytically. I believe Akhil is on track to make a successful career that blends his quantitative inclinations with his qualititaive skills, inspiring those that he will lead and work with.
To conclude, I strongly recommend Akhil, and I would be happy to talk with you specifically about his candidacy if you have additional questions.
Regards
Professor XXXXXX
Head of the Department of Entrepreneurship and Management
XXXX University
Internship Manager - Recommendation Letter Sample 1
How long and in what capacity have you known the candidate?
I have known Pranav for roughly one and a half years. I was his mentor during his internship with UBS. Although he completed his internship and has moved on, we still continue to keep in touch to exchange different business ideas.
What do you think about the candidate’s professional performance and potential (including any room for improvement)?
When Pranav started his internship with UBS, he was one of the most proactive interns. Since he didn’t have a finance background, he showed keen interest in learning and came up the curve very quickly.
The team assigned him Automation and Efficiency-related projects, and while working in the automation team he managed to stand out from other interns by providing solutions that were slightly outside of the box and impressed everyone on the team.
For instance, he met with various team leads to understand their automation requirements and one team lead expressed her frustration with the manual risk report that used to take 10-12 hours every quarter. After the meeting, Pranav took the proactive step of helping automate this report for the team. The specific process automation that he implemented was for risk reports for the risk team. The team had a manual time consuming process in which they had to refer to multiple Excel sheets to create their quarterly risk report. Pranav understood and mapped the entire process before using an automation tool to automate it. This led to a time reduction of 90 percent in the compilation of the report. The automation process he designed was ingenious; no one had thought of using it before, and that is why I think everyone was impressed with his out-of-the-box thinking.
Apart from that, another one of his biggest strengths is his willingness to take initiative.
To highlight another instance, he noticed the dashboards in Operations and wider UBS were on Tableau, he took the initiative to compare Tableau and PowerBi and pitched shifting the employee statistics dashboard to PowerBi. The management team agreed and Pranav successfully created an Employee demographic dashboard on PowerBi. This led to cost savings for the department as UBS was already paying for PowerBi. He also took even more initiative, helping others in his team and UBS get certified on PowerBi and documented his knowledge for everyone before he left his internship.
On the flip side, when it comes to areas of improvement, I would also say this proactiveness and eagerness sometimes led to difficult situations. Like other fresh hires, he was also trying to prove himself in the initial months of his tenure with the team. However, this often meant that he would try to manage and solve things on his own instead of seeking help. This led to delays and situations becoming critical.
Pranav was tasked with getting certified on Automation Anywhere, another automation tool used by the team. He was unable to crack the certification according to the timeline assigned to him and was delayed by a month in getting certified. He tried to manage and solve the situation but was unable to do so without help from his team, this delay led to an increased workload for the rest of the team and longer hours as work had been earmarked for Pranav to do as soon as he would be finished with the certification.
Overall, I would say that Pranav has great potential; he is not afraid to take the initiative and present his ideas.
Regards
XXXXXX
Manager – UBS, Hong Kong Offices
Internship Manager - Recommendation Letter Sample 2
How do you know the applicant? How long have you known them for?
I have known Huang for almost 2 years now.
I came to know Huang when he was working at Chainfir Capital. I was an investor of the fund at Chainfir Capital. Huang worked as an investment manager at Chainfir and we had meetings together from time to time.
Later when Huang and his colleagues decided to start their own Venture Capital fund (Genesis 22) focused on crypto industry, I joined their venture both as an investor and an advisor of their VC Fund.
What would you say are the applicant’s key strengths and talents?
After working with Huang, I think one of his key talents is that he is very detail oriented and loves to perform extensive due diligence.
For instance, Genesis 22 was close to making an investment decision on a project called Glitter Finance last year. At the time, it was a rather popular project among VCs and had already received several investments. The analyst in our team provided positive comments on its technology and future potential.
Huang was responsible for speaking with the project team and conducting due diligence. He was able to approach the situation with a sceptical mind and later identified several risks of the project by paying attention to each detail. He made an analysis of the profile of each team member of the project and determined that the technical background of the team was not strong enough to develop the promising highly technical project they claimed. Also, he mentioned that while observing all the interaction between the founder of the project and individual investors in the community group, he noticed that the founder often gets angry easily when facing tough questions.
He raised these concerns during the investment decision meeting, and at the end of the meeting, we decided not to invest. A few months later – the project went bust because the value of the project was way inflated and every institutional investor suffered a loss. I am glad that Huang was able to pay close attention to such details and has always worked with great attention to achieve better performance.
Another key talent of Huang is his multi-tasking skills. I am really impressed by his performance in dealing with a variety of projects simultaneously. When he works as an investment manager in the team, he needs to handle the communication and investigation with 5-8 projects at the same time. He has never left others waiting for his work, and we can always set up the evaluation meeting in the anticipated time frame. He is also able to deal with the pressure when there are extra projects which need his attention.
What would you say are the applicant’s key weaknesses or areas for improvement?
As the founder of a venture capital firm, Huang has built a team and became a leader at such a young age. But I think there is still room for improvement in his management skills, especially in delegating workload.
As Huang prefers to participate in every stage of the investment decision of a certain project, it limits the overall number of projects he can oversee. For example, he spent much time on initial screening and understanding complex technology concepts of different projects. In my opinion, he could delegate this work and trust his colleagues to complete these tasks as our analysts with technology backgrounds are capable of determining the technology feasibility so that he can invest most of his time in reviewing the big picture.
Second thing I have asked him to improve upon is that he can sometimes be over-optimistic and confident when things are going well. From my perspective, it is crucial to keep a cool mind when dealing with different market situations. When he started Genesis 22, several investments that we made looked promising. Consequently, he was on the aggressive side to allocate a higher proportion of the fund to such projects. However, when there was a change in the market trend and crypto industry started crashing, some investments did not perform as well as we expected. The fund suffered extra losses because of the higher allocation made to these investments.
Huang realized his mistake afterwards and became more cautious in making an allocation to investments to improve the diversification of the portfolio. I hope he has learned his lesson and does not repeat the same mistake again.
In which areas of development has the applicant progressed most in the time you’ve known them?
Overall the one big area where I think Huang has really improved is his ability to find and initiate business opportunities and partnerships.
When he started Genesis 22 Ventures, His venture was not receiving stable cash flow except for the return on the investments. He or his patterns did not know that a venture capital fund can expand its business through partnerships and pitching good projects to other VC firms. This way they can build a revenue stream based on commission without risking their own money.
When I brought this up to him, he learned the rules quickly. He has put in great effort in communicating with other VCs to understand how others operate and create business ideas. The first few times when I had meetings with Huang he could only interpret the general basics of the start-up projects. Therefore, he was not able to provide insightful opinions in decision making. After Huang talked to many teams and spent much time reading industry news, I observed that he was getting better and better at describing business models of different projects in a big picture. Although Huang doesn’t have a strong technology background, he is able to integrate the work of analysts into his knowledge and present a blockchain project in a big picture smoothly.
Through partnerships and advisory services, Huang has helped the venture generate around $40,000 in extra revenue. Genesis 22 has expanded its services to crypto exchange listing consulting, funding advisory and community management for startup projects, etc.
I have seen him learn and grow and I think Huang has progressed massively in his commercial awareness.
If you are a professional referee, would you work with the applicant again post-Masters in Financial Analysis?
Absolutely. Although his fund currently suffers a drop in the quality of deal flow given the bearish situation of the blockchain market, he has made the right decision to make very few investments recently based on the interests of investors. I respect his decision to pursue a master’s in finance degree, and if he wants to resume his Venture Capital firm full-time or work at my VC in the future I would love to work with him again.
Do's & Don'ts - of a Recommendation Letter
Do’s:
Choose the Right Recommender:
- Select someone who knows you well, can speak to your professional skills and achievements, and can provide detailed and specific examples of your work. Current or past supervisors, clients, or mentors who have worked closely with you are ideal choices.
Provide Specific Examples:
- Ensure the recommender includes specific examples of your accomplishments, skills, and experiences. This makes the recommendation more credible and impactful. Detailed anecdotes and quantifiable achievements are particularly effective.
Meet with Your Recommender:
- Schedule a meeting with your recommender to discuss your goals, achievements, and reasons for pursuing an MBA. Provide them with a detailed résumé and a list of your accomplishments to help them write a thorough and personalized letter.
Ensure Timely Submission:
- Set a personal deadline for your recommenders that is well ahead of the actual application deadline. This helps ensure that your letters are submitted on time and reduces last-minute stress.
Highlight Strengths and Areas for Growth:
- Encourage your recommender to provide a balanced view by mentioning your strengths along with areas for growth. Constructive feedback adds credibility and shows your willingness to improve.
Don’ts:
Don’t Write Your Own Recommendation:
- Never write your own letter of recommendation, even if a recommender suggests it. Admissions committees can easily detect self-written letters, which can harm your application.
Don’t Choose Recommenders Based on Title Alone:
- Avoid selecting recommenders solely based on their impressive titles or positions if they do not know you well. A letter from a CEO or politician who has minimal interaction with you is less effective than one from someone who can provide detailed insights into your work and character.
Don’t Use Generic Praise:
- Ensure your recommender avoids using vague, generic praise without backing it up with specific examples. Statements like “She is a great employee” are less impactful than detailed anecdotes that illustrate why you are exceptional.
Don’t Ignore the Application Instructions:
- Make sure your recommenders follow the specific instructions and format required by each business school. Different schools may have varying requirements, and it’s important to adhere to them.
Don’t Overload with Superlatives:
- Encourage your recommender to be honest and avoid excessive use of superlatives. Over-the-top praise without substance can seem insincere. Balanced, realistic assessments that highlight genuine strengths and achievements are more effective.
These do’s and don’ts will help ensure that the letters of recommendation are strong, credible, and supportive of your MBA application.
Free Sample Template - for you to Use
Here’s is a quick template tailored for candidates applying to a Master’s in Finance program:
—
Admissions Committee
[Finance Program Name]
[University Name]
[University Address]
[City, State, ZIP Code]
[Date]
Subject: “Letter of recommendation for [Candidate’s Name]”
Dear Members of the Admissions Committee,
I am pleased to write this letter of recommendation for [Candidate’s Name]. I have had the pleasure of working with [Candidate’s Name] at [Company Name] for [duration], where I serve as [Recommender’s Title]. In my capacity, I have directly supervised [Candidate’s Name] and have gained a thorough understanding of their professional capabilities and character, particularly in the field of finance.
Specific Examples of Performance and Achievements
[Candidate’s Name] has consistently demonstrated exceptional [skills/qualities] in finance. For example, in [specific project/task], [Candidate’s Name] [specific action taken], which resulted in [quantifiable result/outcome]. This achievement is indicative of [Candidate’s Name]’s [particular quality, e.g., analytical skills, financial modeling, risk management].
Another instance of [Candidate’s Name]’s capabilities was during [another specific project/task]. Here, [Candidate’s Name] [specific action taken], leading to [quantifiable result/outcome]. This project highlighted [Candidate’s Name]’s ability to [related skills, e.g., manage financial portfolios, conduct market analysis, handle complex financial challenges].
Constructive Feedback and Areas of Improvement
During our time working together, I provided [Candidate’s Name] with constructive feedback on [specific area for improvement]. In response, [Candidate’s Name] [specific actions taken to improve]. This demonstrated their openness to feedback and commitment to personal and professional growth in the financial sector.
Leadership Skills and Team Inclusiveness
[Candidate’s Name] is known for their inclusiveness and encouragement of others. For example, during [specific instance], [Candidate’s Name] [specific actions taken to include and encourage others]. This behavior fostered a collaborative and supportive work environment and showcased their leadership and interpersonal skills.
Conclusion and Endorsement
In conclusion, I wholeheartedly endorse [Candidate’s Name] for the [Master’s in Finance program] at [University Name]. I am confident that [Candidate’s Name]’s [specific strengths/qualities] will be an asset to your program and that they will thrive in the academically rigorous and collaborative environment of [University Name].
Please feel free to contact me at [Recommender’s Email] or [Recommender’s Phone Number] if you require any further information.
Sincerely,
[Recommender’s Name]
[Recommender’s Title]
[Company Name]
