mhusmani
Jan 27, 2010
Undergraduate / Why Commerce? - UVA Transfer Essay, McIntire School of Commerce [4]
Prompt: If you are applying to the Architecture, Commerce, Education, Engineering, or Nursing Schools, tell us why you have chosen this field and what experiences (work, internships, etc.) have prepared you for it.
When I was in second grade, I was selected to be the treasurer for our class store. I paid out the "workers" their weekly 50 cent wage while keeping a portion of our sales to purchase more chips and drinks. It is not from this age that I decided I wanted to be an investment banker, but I knew one thing for sure, business was my calling.
Forward many years to high school summers, and this entrepreneurial spirit was still alive. My brother and I had our own lawn service one summer where our strategy was to undercut the competition. This worked well as we were able to increase our market without having to deal with overhead as our competitors did. The following summer I decided not to work outdoors and went on to start my own business on eBay. I sold Lacoste shirts that I imported directly from China. I was making an average markup of about 250%--within a month I had over $5,000 in sales. It all seemed too good to be true, as things turned out, it was. I was contacted by a law firm representing Lacoste and said that I was charged with international trafficking and counterfeiting; apparently I was selling fake Lacoste shirts from China. We were able to settle outside of court with my having to forfeit my profits. Never one to miss a business opportunity I offered my services to Lacoste and their Anti-fraud team to stop other sellers from selling fake merchandise on eBay.
More recently I interned at the Memphis Shelby County Office of Economic Development. Our office is tasked with stimulating economic growth in the region by offering incentives for businesses to either relocate or expand in the area. In my first week I created a fee structure for our Foreign Trade Zone (FTZ) program, which was passed a few months later and has subsequently generated thousands in revenue for the City of Memphis. I met regularly with local politicians and international businessmen, updating them about our newest projects and incentive programs. Currently I am an investment banking intern at Morgan Keegan, a division of Regions Financial. My role primarily consists of assisting bankers with financial modeling related to mergers, acquisitions, divestitures and equity offerings.
These activities have strengthened and sharpened my abilities to solve problems, communicate effectively, organize efficiently, and lead successfully. I believe that McIntire will allow me a place to develop new strengths and gain a closer connection to my values as well as undoubtedly tap my passion for problem-solving and enhance my skills in business development and strategic analysis.
Prompt: If you are applying to the Architecture, Commerce, Education, Engineering, or Nursing Schools, tell us why you have chosen this field and what experiences (work, internships, etc.) have prepared you for it.
When I was in second grade, I was selected to be the treasurer for our class store. I paid out the "workers" their weekly 50 cent wage while keeping a portion of our sales to purchase more chips and drinks. It is not from this age that I decided I wanted to be an investment banker, but I knew one thing for sure, business was my calling.
Forward many years to high school summers, and this entrepreneurial spirit was still alive. My brother and I had our own lawn service one summer where our strategy was to undercut the competition. This worked well as we were able to increase our market without having to deal with overhead as our competitors did. The following summer I decided not to work outdoors and went on to start my own business on eBay. I sold Lacoste shirts that I imported directly from China. I was making an average markup of about 250%--within a month I had over $5,000 in sales. It all seemed too good to be true, as things turned out, it was. I was contacted by a law firm representing Lacoste and said that I was charged with international trafficking and counterfeiting; apparently I was selling fake Lacoste shirts from China. We were able to settle outside of court with my having to forfeit my profits. Never one to miss a business opportunity I offered my services to Lacoste and their Anti-fraud team to stop other sellers from selling fake merchandise on eBay.
More recently I interned at the Memphis Shelby County Office of Economic Development. Our office is tasked with stimulating economic growth in the region by offering incentives for businesses to either relocate or expand in the area. In my first week I created a fee structure for our Foreign Trade Zone (FTZ) program, which was passed a few months later and has subsequently generated thousands in revenue for the City of Memphis. I met regularly with local politicians and international businessmen, updating them about our newest projects and incentive programs. Currently I am an investment banking intern at Morgan Keegan, a division of Regions Financial. My role primarily consists of assisting bankers with financial modeling related to mergers, acquisitions, divestitures and equity offerings.
These activities have strengthened and sharpened my abilities to solve problems, communicate effectively, organize efficiently, and lead successfully. I believe that McIntire will allow me a place to develop new strengths and gain a closer connection to my values as well as undoubtedly tap my passion for problem-solving and enhance my skills in business development and strategic analysis.