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Intern
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Edit [#permalink] New post 14 May 2013, 12:30
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Last edited by futurembaapplicant on 01 Jun 2013, 10:49, edited 1 time in total.
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Re: Can I get into a 1 year mba after a startup failure? [#permalink] New post 15 May 2013, 04:44
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A failed entrepreneurial attempt can be a great jumping off point for an MBA. You seem to have done enough to write about, and I have seen many successful candidates come from failed startups. So it can actually work to your advantage. Whether your profile is strong enough for Kellogg and Cornell or not will depend on everything else as well: What you did previously, why you got laid off, what school you attended, your GPA, GMAT extra-currics, etc. etc.

So you could get in to such a school, but still you should be simultaneously looking for a job, because you there aren't that may one year programs in the US, and should you not get accepted to the schools of your choice, you don't want to get stuck. Plus if you apply with being able to write that you are currently employed after your startup failure it will boost your profile.

Hope this helps you out, and if you have any other follow-up questions, just drop a line.

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Edit [#permalink] New post 15 May 2013, 10:22
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Last edited by futurembaapplicant on 01 Jun 2013, 10:50, edited 1 time in total.
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Re: Can I get into a 1 year mba after a startup failure? [#permalink] New post 17 May 2013, 02:29
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futurembaapplicant wrote:

If I apply with being able to write that I am currently employed by some company, why do you think that this will boost my profile? Since I plan to apply by October this year (which is only in a few months), can it help to have such a short-term job?


This is true. However between your application and your enrollment is a year and four months!!!! And if you are going to write about your startup as a failure, they will want to see that you are busy with something else in the coming time.


futurembaapplicant wrote:
Also, when I apply for 1 year programs, would it be bad to say that I want to return to finance (my original industry). I plan to write about how I tried different paths but I realized that I am committed to a career in financial services. I certainly like entrepreneurship and will try again if an opportunity comes up, but my intention is to go through an MBA, rebrand, restart, build a good network, develop my weaknesses that I mentioned in the original post, and go from there. If this is a bad idea, what is the best way to answer why MBA now?


It's not necessarily a bad idea. But it is important that it doesn't seem like you are "giving up" to go to do something you didn't want to do in the first place. Instead you need to find a way to present this story as a real advancement. The goals you have here are fine, but it is the narrative you present that will make the difference.

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