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Profile evaluation - family business experience?

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Intern
Intern
avatar
Joined: 06 Feb 2013
Posts: 13
Location: United States
Concentration: Strategy, General Management
GMAT 1: 630 Q33 V42
GMAT 2: 710 Q47 V41
GPA: 3.9
Followers: 0

Kudos [?]: 0 [0], given: 1

Profile evaluation - family business experience? [#permalink] New post 06 Feb 2013, 20:04
Hello!

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):
Said
Rotterdam
Cass
Judge
Columbia

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!
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Veritas Prep Admissions Consultant
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Re: Profile evaluation - family business experience? [#permalink] New post 07 Feb 2013, 20:42
Expert's post
Working for a family business does not have to be a handicap. It's all in how you couch it, how you articulate what you learned and how you convince them your takeaways would be valuable to business school classmates. You seem to have an interesting background and if you can post a decent GMAT score, you should have a shot at your target schools.
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Bryant Michaels
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Intern
Intern
avatar
Joined: 06 Feb 2013
Posts: 13
Location: United States
Concentration: Strategy, General Management
GMAT 1: 630 Q33 V42
GMAT 2: 710 Q47 V41
GPA: 3.9
Followers: 0

Kudos [?]: 0 [0], given: 1

Re: Profile evaluation - family business experience? [#permalink] New post 07 Feb 2013, 21:23
Thanks Bryant - this is really encouraging. Good to know that family business experience isn't always seen as a negative on an application.

Do you have any knowledge if it is viewed differently by programs in the US vs. Europe?
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