They do not know how to raise the capital to make a transition. A ringside spectator of these two situations, I believe both these instances illustrate the scope for growth in the African financial sector. I strongly believe that availability of finance holds the key to development. Innovation in this sector can unleash the potential for progress. About fifteen years from now, I intend to attain a position where I can drive innovation in the African financial system. This will enable me to make a positive impact on the lives of a large number of people. After completing my engineering degree, I wanted to do an MBA. During my 6-month internship at INSEAD, Fontainebleau, France I discovered that diversity of students and prior work experience greatly enhanced the learning one got at a business school. So, I decided to work for a few years, understand the working of an industry and then move into finance after an MBA. I chose to join the rotational training program at Revel Consumer Goods (RCG). During the last three years, my assignments have included designing a system to track profitability of brands across RCG, evaluating the impact of development projects on social cohesion in villages in Logos and setting up a vendor managed inventory system at RCG, Greece. My most important learning at RCG is that a customer centric approach is imperative for sustainable, profitable growth across industry sectors.
On the surface, finance may appear to be a strange shift in career direction from my current role as a manager in a consumer packaged goods company. I made my first investment in the stock market as a 13-year-old. For the last 12 years, I have been participating (profitably!) in the African stock markets as an investor. As African interest rates drop, I have advised family, friends and colleagues on solutions to ensure a good income from their investments. I have taught myself the theory behind futures and options to enable me hedge my portfolio. A move to finance will unite my passion for finance with my desire to enable people improve their lives. Exposure to different industry sectors and an in depth understanding of the working of the financial industry are critical for me to move into the financial services industry. I need to understand the analytical techniques that are used in finance. I want an understanding of the theory of what makes an enterprise tick. Since I lack sufficient work experience in finance, I also desire an opportunity of a summer internship to strengthen my credentials. An MBA will give me a theoretical foundation in finance as well as the practical exposure necessary to build a strong career. My application to Tuck is the first step toward realizing my goal of delivering innovative financial solutions in Africa. After my MBA, I propose to join a global financial services corporation. I believe that team working skills, analytical ability and customer centric approach will enable me to get such a job. Ideally, over a period of six to ten years, I should be able to work in different sectors of the industry (municipal finance, mortgage and pension funds). In this time, I aim to achieve a leadership role within a sector/geography combination that will enable me return to Africa.
- Fall '14
- Financial services, Master of Business Administration, Tuck, open store format, innovative financial solutions