Hey everybody! Sorry if this is a little long-winded but I could really use some advice. I’m a scientist interested in an MBA (Entrepreneurship). I recently took the GMAT for the first time and scored 6 AWA / 8 IR / 730 T (49 Q / 40 V). I think that puts me in a decent position for applications. I’ve also got experience from a couple of jobs in diagnostic R&D, one managing a small group of 6-8 analysts (including undergraduates and PhDs / MDs) and another in a large diagnostic corporation (40k+ employees). In addition to that, I started a company with friends - we eventually shut it down after 2 profitable (though not by much) years because it just wasn’t something we wanted to pursue, but it was a really fun learning experience.
So that’s the good. Here’s the bad. I graduated with a BS in Microbiology/Immunology with a shoddy GPA of 3.18. In my defense, the major allows 10-12 students out of the entire school of 12-1300 in each year, and it’s not a very easy program to finish (actually took an extra summer of classes even though I took classes literally every summer since I entered college). However, I don’t think that actually holds any weight with the AdCom. Furthermore, due to massive budget cuts in R&D, I was laid off from my last job. As a result, I’ve had a rather significant work gap.
I’ve thought about the work gap, which is really the main source of my stress (Though the GPA doesn’t help much either, but my GMAT might help with that, right?) and I’ve really thought about what I’ve done in the last year. I took cycling more seriously, started leading local group rides and training new riders, and became a self-employed, published professional photographer (always a hobby, never really depended on it until now). I taught myself French and tried to increase my international network. I’ve been in talks with European start ups, but they’ve all come to the conclusion that it’s very difficult to get a E.U. work visa without more than my BS, which is very much my motivation for getting an MBA (I see myself thoroughly entrenched in a boutique biotech startup, as it falls in line with my experience). So it’s not like I’ve been stagnant, but I’m not sure if it’s enough.
I’m really interested in programs like Booth or HEC, that have a lot of opportunities for entrepreneurial application (HEC e-Lab, Booth Entrepreneurial Roundtable). I’ve always tried to create things from the ground up, whether it was a patient analysis tool, or my own company. So to me, it makes sense. To an outside observer, however, I worry that they may see my experience as a bit disjointed, and my GPA as sub-par. I also worry that my work gap might be too much to recover from, even though I’ve been involved in my own personal projects during that time.
Am I overthinking this? Should I be letting myself get stressed out more than I have been? Do these bad factors carry less weight than I think they do, or should I just accept the meteor that I've called upon myself? I’ve been trying to start my personal statements but I can’t shake this feeling that I might be reaching too far - I’ve been known to do that. What are your thoughts? I’d really, really appreciate it.
Edit: I should also add that I kept in contact with my previous employer, who always told me that if they could afford to bring me back, they would (though they can't, as the assays that I know how to develop are just too expensive and too narrow in scope to be profitable on a large scale). He told me that he'd gladly write me a letter. I also have a mentor from another company I interviewed at, but was never hired for, writing my other letter.
TLDR: Scientist. The good: 730 (49Q/40V), relevant work experience includes management, and founding a company. The bad: 3.18 GPA. Work gap. Stressed out, what do?