While I haven't taken the GMAT yet, I would like to know your opinion about my chances of being accepted into an MBA program at this stage of my career.
Profile: 24 years old, Male, USA
Academic background: Graduated Summa Cum Laude (3.9GPA) in 2010 with a degree in Financial Economics from state university. University experience also includes one semester spent at top university in China. Extracurricular involvement includes being president of school's investment club (60 member organization).
Work experience: ~2 years working in Corporate Finance at one of the world's most recognized retail companies (F200). Recently moved to Hong Kong to expand family's business here. Primary responsibilities here are focused on business development (sales and marketing) as well as operations. Was eager to get international and operations experience, which was the primary driver for leaving retail company for my family's much smaller firm.
Post MBA goals: Either move into management consulting or join a retail / consumer products in a corporate development (strategy) function. Plan to eventually return to family business.
Interested Programs (Apply R1 2014):
My main concern is that working for my family's company will hinder my chances. Any thoughts? I know it's hard to handicap this given my lack of GMAT score, but any input would be very helpful. Thanks!
Assuming you have a strong GMAT, I don't see working for your family's company will be seen as negative as long as you make it clear you were really a working, contributing member of management and not just taking time off while collecting a paycheck from the Bank of Mom and Dad. You should be able to do that. My other slight concern is just that some of these programs (Said, Judge), seem to prefer more than 3 years of work experience although that amount is certainly feasible.
Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools
Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog