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1. Please provide us with a summary of your personal and
family background. Include information about where you grew up, your parents,
your siblings, and perhaps a highlight or special memory of your youth.
One of the special memories of my youth dates back to 17
years ago. Four siblings of us were living relatively affluent lives thanks to
our parents who had very respectful and well-paid jobs: my father was a judge
and my mother, a pharmacist. However, as my maternal grandfather's business,
which my mother stood guarantee for, went bankrupt, we faced a crucial crisis.
The creditors created a series of commotion at our house for almost everyday.
We had to square the debts by disposing the whole of our fortune and
subsequently had to move to a small and shabby place. My father heartily
consoled my mother who reproached herself for all the mishaps. And he also told
his children, who were having difficulties adapting themselves to the
circumstances totally different from the ones they had in the past, that the
crisis we were undergoing was only one of the many challenges we would have to
face in the course of our lives. This financial crisis eventually forced my
father to quit working as a judge and he had no choice but to practice law in
order to stabilize our family's finance. Despite his financial difficulties, my
father never gave up living up to his own motto, "A life with justice and
volunteering".
He not only provided free legal services to the poor and the
powerless but also continued to offer donations to xxx (an institution for the
disabled) which was a shock to me when I first visited. Having compared myself
with those disabled people, I came to realize that my life was so blessed that
I should be living with more passion and effort. From that day on, I
volunteered with my father to take care of the disabled children every weekend.
My father's confident way of life gave our siblings great courage. We began to
work part time in order to help our parents. My sisters, who had extraordinary
talents in music, tutored young children in piano and violin. My brother and I
worked at carwash and delivered newspapers. We kept saving money in a siblings'
savings account. After a few years of united family efforts, we were able to
move into a new and better place. I would never forget the emotional sensations
and delights we felt and shared at that moment. My siblings and I spent a part
of money we saved on decorating the front yard of the new house and donated the
rest of the money to xxx.
After a long time, my brother became a lawyer. He serves as
a key member of the Association of the Lawyers who care for the Human rights, a
non-governmental organization composed of lawyers that actively seek to enhance
social welfare and justice amongst the underprivileged. His continuous and
active participation in these social activities despite his hectic life
schedule as a practicing lawyer demonstrates to me his enthusiasm for acting on
his own convictions. His enthusiasm has inspired me to act on my own beliefs.
One of my sisters became a physician and the other, a broadcasting writer. Both
of them are leading passionate lives at present. My family has shaped my
beliefs and actions in profound ways. From my family's never-ending practice, I
have learned the courage to fight against the hardship as well as the
generosity to help the underprivileged people. I truly love and respect all
members of my family. Given the chance, I hope to show to my future classmates
of Anderson,
the perseverance and the sense of sacrifice for others that I have learned from
my family.
2. Discuss a situation, preferably work related, where you
have taken a significant leadership role. How do this event demonstrate your
managerial potential?
I believe the primary element of a leadership is to build
confidence from the associates. In addition, I believe that this confidence is
possible when there is professionalism, passion and a clear vision of the
future about the assigned duty. My confidence in the leadership was achieved
through a project on the merger of xxx and our company xxx in which I
participated for 3 months in 19xx.
As a leader of one of the 5 loan-evaluation teams to inspect
the bad loan section of xxx, I conducted a research on the actual status of the
loan of xxx. As a result of a meeting for the conclusion after the research, 4
leaders, except me, turned out to be against the merger. That's because there
was too much risk involved in the poor loan of xxx. For the 3 months, I worked
on average over 100 hours a week, researching every inch the loan companies of
xxx.
Because I had confidence on the successful outcome of the
merger based on my research, I proposed an additional meeting. In this meeting,
I emphasized two factors. First, there is huge possibility for the poor loan of
xxx to be transferred into a high grade loan assets within 2~3 years because
the Korean economy is getting back on the right track with rapidity out of the
IMF regime. Secondly, xxx is relatively vulnerable where xxx is strong in terms
of market share. Therefore, xxx has a good chance to revive through the
maximization of the synergy effect. The research leaders and executives
encouraged by my argument based on comprehensive research decided to take over
xxx in the long run. After a year of restructuring, the poor loan has recovered
to great extent as I expected. In this context, the merger was considered
successful. Throughout the experience, I was able to refine and prove my
leadership skills, particularly in leading the participation of my colleagues
by suggesting a clear vision for the future based on in-depth research and
analysis. I believe that my leadership skills will continue to improve and will
in the end enable me to serve as an effective manager in the future.
3. Discuss your career goals and why you want an MBA,
particularly at this point in your career. Why, specifically, are you applying
to the Anderson School?
My long-term career goal is to establish a consulting firm
offering integrated services for small to mid-sized companies in Asian
countries such as Korea and China. In Korea, they
currently accounted for over 60% of national GDP. However, their management
skills and business approach are rather unsophisticated. I want to offer them
integrated services that would cover major aspects of their needs especially in
strategy development and financial infrastructure. I will contribute not only
to their growth, but help them attain management expertise to compete with
bigger and richer companies. In 19xx, I chose the xxx Company, a
high-performing affiliate of the $xx billion of the Korean conglomerate, as my
first career step out of college in order to broaden my professional
capabilities in corporate finance and to obtain a more comprehensive
understanding on the actual business organization.
I majored in the field of philosophy in college and
volunteered for the 'Intensive Course on Financial Management' from xxx after
entering the firm in order to develop my inadequate knowledge related to the
field of financial affairs. In effect, I completed 6 basic subjects such as
Financial Reporting, Financial Statement Analysis and Capital Budgeting in
full-time during 4 months. My experiences at the Loan Team and the Credit
Analysis Team during the first 3 years provided me with skills in corporate
analysis and evaluation, an understanding of corporate financial structure, and
a professional knowledge of Korea's
financial industry. During the next one year, I have also gained knowledge on
various functions, ranging from corporate vision development to management
system control at the Business Administration Team. However, while I have had
the hands-on experiences in the real business world, I believe a more
structured training to complement my real-world experiences at this point in my
career will enable me to advance into a more sophisticated level of thinking. I
am convinced that I will be able to cultivate my consulting foundation through
an MBA program.
By selecting courses for my major such as management
strategy, finance, and entrepreneurship, I intend to establish a solid and
fundamental framework of business management knowledge that is essential to a
consultant. Aside from gaining theoretical business knowledge from an MBA, I
would like to form a long-lasting relationship with my future classmates with
whom I can provide help as well as receive support. When I establish my consulting
firm, the international networks that would have formed during the MBA courses
will help me reach potential clients, share knowledge, join partnerships and
exchange our resources. I'm very attracted to Anderson School
for its well-deserved reputation in entrepreneurship. I learned that Anderson School offers many extracurricular
activities for entrepreneurial students through the Harold Price Center of
Entrepreneurial Studies. I would like to have chances to advance the theory and
practice of entrepreneurship to make my future clients successful. Another
reason I apply for Anderson is a wide range of
opportunities with reference to geographic advantages of Los Angeles, one of the biggest international
cities. I will make vigorous efforts to become a substantial leader in
international arena in the upcoming 21st century by developing global business
perspectives at Anderson.
Upon graduation from the Anderson School,
I would like to work for an international consulting company such as McKinsey,
BCG or A.T.Kearney as a management consultant in order to develop more diverse
experiences before I venture out to set up a consulting company. Based on my
current experiences and the potential knowledge obtained at Anderson as well as
the professional consulting firms, I will be able to achieve my long-term goal
of establishing a consulting company for the small to mid-sized enterprises of Korea and other
Asian countries within 10 years to come.
4. Describe your most significant personal accomplishments
to date, explaining why you view it as such.
My most significant personal achievement was the
contribution to the successful establishment of a night school when I was a
college student. Because I was interested in minority rights, social injustice
and other social issues, I joined the ideology-focused student movements after
entering the xxx University. After a while, however, I
realized that these movements could not grant real support to those who were
suffering from the pain. I changed my personal interest into the solution of
the practical social problems. My congenial friends and I tried every effort to
find out something we could do in an underprivileged region of Seoul. We soon realized that most of the
students in the region, aged 13 to 17, could not attend school at all because
they had to earn money to support their families or because of their parent's
objections and disinterest in their children's education. We decided to offer a
more comprehensive educational program in place of regular schooling to provide
the essential education in a more personal setting.
I was responsible for recruiting more teachers and
soliciting donations, while others recruited students and developed various
contents of the programs. Owing to two years of our personal sacrifice, this
institute named 'xxx' built strong reputation as a secondary educational
institution within the community. This night school in which I am participating
as a counselor has developed into one of the biggest institutes among the night
schools run by college students. I was able to learn leadership and the way to
manage an organization by solving a lot of problems originated during the
process of establishment and management of the school. I was also able to
mature myself in terms of humanity by working together with teen-agers from
underprivileged environments. Above all, I am most proud that I was able to
serve as an inspiration to the underprivileged people in terms of hope and
courage.
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