Most b-schools want to see some actual hands-on experience. There are some that will consider applicants right out of university, with no experience, but they are rare exceptions. A handful of programs, like HBS’ 2+2, are special paths for select, highly qualified (in other ways obviously) applicants to apply right from college, and then if admitted they will work for 1-2 years before actually starting the MBA.
I haven’t heard that having a family that owns a business will equal experience in the adcoms’ eyes. You would need to actually work in the business for it to be construed as experience.
As for the programs that will consider you right out of college, you will have to research that program by program
Senior Advisor, Accepted
Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog