Upon graduation I wish to lead the fiber-optics product management team in one of the world’s largest optical communication companies (such as Alcatel-Lucent and AT&T), supervising a group of 5-10. Striving to promote myself within the organization, I wish to become the Vice President of Marketing in the fiber optics segment, supervising several dozens of employees.
My mid-term goal is to become the founder and CEO of an innovative fiber optics firm. I desire to position the company as a profitable, international and leading company in its industry, and aspire to establish a sustainable organization, creating workplaces for thousands of employees and turning an underdeveloped area into a flourishing industrial zone. Passave, an optical communication company, which was lately acquired for $300M, is a model for such a successful company.
After fulfilling this goal, I intend to follow the growing trend of successful executives who moved to the public service sector. My plan is to become a senior manager in the Prime Minister’s Office.
I chose my first full time position in the Optronics Division at the military because I knew it will introduce me to the diverse optical communication community in my country, equipping me with basic hands-on experience in the field. The first two years I worked as a Physicist and a System Engineer and then I was promoted to the position of Electro-Optical Projects Manager in the division’s headquarters. There I set the goals, supervised and directed 9 Project Mangers in optical projects performed by 7 different companies in the defense industry.
At that point I realized that for developing the managing tools required for a senior manager I’ll need to gain more experience in bigger organizations. Therefore, I persuaded the head of the R&D directorate to be reassigned to a classified Intelligence unit. My first mission as an Optical Engineer was to lead a group of 4 in building a module which was the heart of a $100M system. One year later I was appointed to a Team Leader where I commanded a team of 8. Two years later I was promoted to Project Leader.
I understood I lacked the financial and international experience of technological project management to lead a global optical communication company. I therefore became a Project Leader in a classified unit of the PMO. I supervised a team of 20, and managed all financial aspects of a $2M project (presented to the Minister of Defense), where I also had the marvelous opportunity to negotiate with highly ranked officials of three foreign governments.
While considering studying for a PhD, I worked as a part time an Internal Consultant of 5 Project Leaders. I then became an Entrepreneur in Residence (EIR) in Precede, an entrepreneurship and investment firm, in hope to learn more about becoming an entrepreneur. Working in Precede, I matured in my understanding. I realized I still lack some Finance, Marketing and General Management foundations, which an MBA will enable me to develop.
In light of my long term goal to become a founder and CEO of a technologically oriented company, I’ll need to gain the strongest possible general management skills. The finance and marketing foundations will compensate for my inexperience in these fields. The structured formal general management education I’ll acquire in Wharton will broaden my view and give me the tools to leverage my experience and create a successful company. I believe an MBA is the most structural way to learn how to build organizational values, culture and design organizational structure and hierarchy.
Moreover, most of my leadership experience was developed in governmental organizations, where a leader is defined in terms of his values, inter-personal skills and professionalism. However, looking into the future, I will need to lead in the private sector where leadership is also characterized by the talent to lead corporate players in global, competitive markets and an understanding of the cultural, economical and financial forces that drive the marketplace. Hence, I believe studying by the researchers of the Center of Leadership and Change Development like Prof. S. Kaplan who composed Framing the Future will help me build and lead a high performance optical communication firm.
My experience is mainly based on large and established organizations. Hence, learning from Prof. Dushnitsky on the various dimensions of new venture creation and growth in Entrepreneurship, will show me his perspective on the trail I wish to follow as a founder. Desiring to build a sustainable company, I am looking forward to taking Strategy and Competitive Advantage, where I hope to learn how to create and maintain such an advantage. Learning how to identify entrepreneurial opportunities and how to exploit them where “Creating Values” was contemplated, will lay a solid basis for achieving these goals by myself.
In a world which is growing ever flatter, I find international exposure and experience important for the global company I wish to found. The Multinational Management major courses, such as Global Strategic Management, and participation in the Global Immersion Program will prove valuable in helping me understand other cultures which will be important when penetrating new markets. This international exposure will improve my ability to establish contacts with other nations, hence supporting my longer term career goal of rejoining the PMO.
Wharton’s mindset and student body imply numerous benefits. The exciting opportunity to participate in school’s management would contribute to the fruitful interaction between students and faculty. I plan to take part in the leadership development activities and the various student clubs to create strong friendships. These connections, combined with the great global alumni community, can be especially relevant as an eco system for the company I plan to start and for recruiting its management backbone.
During undergraduate school, while focusing on finance, I also took special interest in studying management. Constant interaction with people makes any type of management an ever-changing, thus interesting, occupation.
Towards the end of my first college year, I started working in the largest mortgage bank in my country. One of the first questions I asked during the job interview was whether the bank offers management training programs. Almost two years later, the organization’s training center publicized a tender for a new “Future Management Course”. The requirements included, among others, having commercial-banking experience, as well as a college degree – two demands I did not meet at the time. I did not let this stop me, however.
Knowing that I wanted to become a manager, I was determined to apply for the program. My supervisor supported this and gave me a recommendation for the tender, yet, he claimed that in such a large organization, applying without fulfilling all requirements was pointless. I had to persuade the admissions committee that I could handle participating in the program while completing my college education, and overcoming gaps in professional knowledge. The effort paid off. I was accepted into the program, thus creating two precedents: I became the first person to be accepted into this program before completing a college degree, and the first to do so without any previous experience. The program required that I move from the Mortgage Department to the Commercial Division, where I am currently employed as a Private Accounts Manager.
During college, I decided that when the time was right, I would acquire an MBA education. Now is the perfect time for me to do so. On the one hand, I have gained several years of work experience. On the other hand, I am still at the beginning of my career and believe that an MBA degree from a world-class business school such as Stern will help me mold an effective managerial style.
In addition to these considerations, I would like to make a career change. In my current, position I recruit new clients and market financial products. In the future, I hope to engage more with the essence of finance, rather than the marketing of it.
Upon completing my MBA, I hope to work as a financial consultant in a leading investment bank such as Goldman-Sachs or JPMorgan. More specifically, I would like to help companies develop their equity structure and financial strategy in order to maximize their financial utility. As a consultant, I will gain experience developing economic strategy by doing financial analysis, profit-cost considerations, and research regarding competing firms.
I hope to grow within my organization and become involved in the financial management of the firm, eventually reaching the position of CFO. In this role, I will be called upon to set the financial agenda of the bank, determining policy and deciding which industries to get involved in. I will be required to successfully manage dozens of people, having to motivate and guide them toward executing our strategy. Yet my aspirations do not stop there.
After gaining expertise in capital and equity finance, and acquiring leadership experience, my dream is to man senior positions in the public financial sector. I was raised on values such as actively contributing to my country’s security and future; my grandfather, a building construction contractor, helped build some of first towns in my country. He, my father and I have all been called upon to defend the country during wartime. While my grandfather built the country with a saw and hammer, I would like to build up its financial strength by developing its capital markets. I hope to assume leadership roles in such bodies as the Ministry of Treasury or the Israel Securities Authority. The path of gaining experience and expertise in international financial institutions, and then taking positions in the public sector, has been followed by a number of key figures.
My current position as a commercial banker has given me experience working with businesses from different industries, making credit decisions, motivating employees, and managing campaigns. To succeed as a financial consultant however, I will need to acquire skills in analyzing capital markets and quantitatively evaluating investment possibilities. An MBA from a program which combines a rigorous grounding in quantitative analytical tools will give me these skills.