MBA Admissions Tip: Addressing Unemployment or Gaps in Employment
Given the emphasis that schools place on a candidate’s work experience, it is important to be proactive in addressing unemployment or gaps in employment. When applying to business school, many candidates worry about how the adcom might perceive gaps in employment.
Gaps in Employment
It’s not unheard of for an MBA candidate to have a gap in employment, and this will not necessarily make a negative impact on someone’s candidacy. Gaps might be due to anything from lay-offs to periods of travel. As a rule of thumb, applicants should explain gaps in employment that are three months or longer in an optional essay or, if instructed, on their data forms. The adcom will not want to play detective with vague dates on an applicant’s résumé or large chunks of unaccounted for time. As the adcom will simply want to know what an applicant was doing during a period of unemployment, applicants should show that they made productive use of this time. It is important for applicants to be open and clear about extended gaps to show that they were not simply spending the time to look for full-time employment.
Current Unemployment
Addressing current unemployment in applications, however, requires a different strategy than simply discussing past gaps in employment history. Candidates applying to business school who are not currently employed are in a trickier situation, as business schools view themselves as career accelerators rather than career jump-starters. The task is not impossible, though. As with addressing gaps in employment, these applicants should not evade discussions centering on this issue. On the other hand, they should not present unemployment as the reason for applying to business school nor should they suggest that they aren’t presently looking for work due to the need to devote time to their MBA applications (a major red flag).
If you have determined that applying to business school is your next important step, and you are currently unemployed, it might not make sense to seek out a new position at a new company, and then leave in six months. This time might be better used seeking out an opportunity to volunteer for an assignment in a community service role, take on an internship in the career you are seeking after the MBA, or to live in another country for a period of time. Whatever it is that you choose to do, make sure that it ties into your overall plans, of which seeking an MBA is a part, as well as provides you an opportunity to continue to grow, both professionally and personally.
Accounting for Unemployment During COVID
Schools are going to be very understanding when it comes to the impact that COVID may have had on your career. It is perfectly understandable that a candidate may have faced significant challenges! The key will be for applicants to explain their circumstances and ideally point to creative ways they stayed active and growing. Outlining the challenges faced and underlining the steps taken (perhaps via an optional essay) will go a long way.
MBA Applywire
I am hoping to begin my Transactional practice at an Am200 Law firm and then transition into my MBA to look for PE/VC opportunities
I'm an international MBA applicant from Peru with approximately 7 years of experience in M&A and corporate finance across the energy, consumer goods, and financial advisory sectors.
I hold a B.S. in Economics from Universidad Nacional Mayor de San Marcos (UNMSM), where I graduated in the top third of my class with a GPA of 14.2/20.
I started my career in Deal Advisory at KPMG, followed by M&A and Corporate Venture Capital at Alicorp. I'm currently an M&A Associate at Luz del Sur, a leading Peruvian electricity utility, where I've worked on renewable energy acquisitions totaling approximately US$780M, including wind and solar assets. My experience spans valuation, financial modeling, due diligence, transaction structuring, and SPA negotiations.
Outside work, I'm involved with NetvalU, a nonprofit helping public university students pursue careers in finance.
**Post-MBA Goals:** My primary goal is to transition into Private Equity, ideally focusing on energy, infrastructure, or energy transition investments in the US or Europe. I'm particularly interested in infrastructure funds and investment platforms focused on acquiring, developing, and managing energy assets. Alternatively, I would consider Investment Banking, particularly within Power & Utilities, Energy, or Infrastructure coverage groups, as a pathway toward a long-term career in investing.
I'd appreciate feedback on my competitiveness for top MBA programs, particularly considering my international background, academic record, and professional experience. I'm especially interested in understanding how realistic a direct transition into PE or infrastructure investing would be, which schools provide the strongest opportunities in this space, and whether my target school list is appropriately balanced.
Thanks in advance for your insights!
Ethical technology transformation within banking
Hi Alex & Graham!
I'm considering applying to UK business schools for next year, with a focus on LBS. Here are some notes on my profile:
I did my undergraduate degree in quantitative economics and political sciences at a global top 50 university, and I supported myself through university with part-time jobs while being active in on-campus clubs and societies, which explains my under-achieving GPA.
I then joined PwC where I did operational management consulting for Australian (and some international) corporate clients, achieving a promotion to Senior Consultant ahead of the typical schedule.
I then moved to a large commercial airline, where I became an internal consultant getting involved in many different projects each with individual accountability and outcomes achieved. This led to four promotions in three years, with my latest promotion taking on multiple direct reports of junior internal consultants.
For extracurriculars, I'm involved in my university impact consulting club which I was a president of, and return often to mentor the new class each year.
I'm doing the MBA to pivot into MBB Consulting in the UK, where I want to develop my strategy and value-creation capability in a global setting with a long-term ambition of becoming a Chief Transformation Officer in the industrials / consumer goods sectors.
I'm relatively confident in my ability to get into the UK schools I mentioned, but the full sticker price of the MBA is still a shock. What would make my profile stand out for scholarships?
A higher GMAT? I feel I have left some points on the table here and intend to re-sit the exam before I submit my Round 2 application.
Do I create competitive tension by applying to more schools? Perhaps INSEAD or an M7 (say, Columbia or Kellogg).