ajinkyajadhav
Hello Admissions consultants, I wish you are doing great. Although you come across many profiles from Indian candidates who are more into the IT space, I have a genuine request for this profile to be evaluated.
Unlike a standard curve of going to college, Getting a TOP50 company job, achieving promotions and dwelling an MBA to further accelerate career, my path has been less sturdy.
Coming from a business family I always wished to not go into the family business and start my own business which is scalable, and more impacting than my family business. Hence I did my engineering and went on to get a placement. After a year, the setback came in, when, my family business went into a Financial crisis and the business was on verge on bankruptcy. Although this could have been a reason i interviewed at the firm and thereby started this mission of recovery of the family business. The outstanding loan amount was northwards of 85000000 with very less payables on the balance sheet and with projects not more than 2000000 per year (with a net 8-10%) it was a steep slope to climb. hence this was where I was. to do this magnitude of a job in a managerial position snd to steer the ship in the right direction. Going forward I took extremely calculated decisions and have successfully ventured the firm into a profit-making business. I cleared up all the loans with backdated payments for the firm and balanced out the management aspect with the technical aspects along with a team of 30 who were dominantly industry heavy knowledged and accustomed to old practices. Although this has been an experience in itself the main underlying fact remains the same the business is not scalable and certainly dependent on multiple variables which is not necessarily under the firm's control.
This journey as mentioned above is not even a per cent of what we as a family, plus my personal sacrifices, have been through. But I have come out of it with much more matured and experienced managerial personnel than an average person who would work for a large tech firm that has a single domain to handle(although I don't underestimate that to be easy by no means). Right from Balance sheets, to Technical aspects, to labour contractors, to n number of different variables feel like a hard sudoku business puzzle. But that's what the good part about the business is, it makes you drive the ship and if you are given control it has disproportionate outcomes.
Parallel to this, I started my own business of Management Consulting for a selected client which would help cover the financial need since we constantly put up every single dollar back into paying the debt. And also have played professional-level football alongside my Math tutoring program which I take up to teach underprivileged kids in INDIA.
My Mba ambition is clear and simple. Learning about businesses which are scalable, world-changing ( may it be 1%) and certainly close to the industry that impacts people closely remain my desired outcome from an MBA program and thus i would be happy if anyone reviews this.
My GMAT SCORE -(670-700) mocks
GPA - 3.32
(Finance topper for UNIVERSITY)
WORK Ex- 72Months
Hi
ajinkyajadhav hope you are doing well
If you believe you have single-handedly ushered in a new era of success for your family business with some exceptional sapience and leadership capabilities, and you can corroborate your claims with supporting evidence, you could optimistically compete for some top-tier B Schools. Applicants who have experience in scaling a family business can bring unique perspectives in that they have experienced firsthand, the implications of decision making with specific goals in mind. As the new generation in the family business, you could strongly argue your case with examples, citing your fresh and unconventional approach to doing business (as opposed to traditional norms followed by your senior family members) as your motivation for pursuing MBA. The experience of working in a family business brings immense learning and challenges that if showcased aptly in your application, would make you a strong contender for a place in the next academic cohort at your target school.
Given the above, you should have a fair distribution of realistic and reach schools on your target list. For example, if you plan to apply to 5 schools, pick 3-4 schools that for sure have shown good interest in your profile and 1-2 schools that may be a level above. For this, I encourage you to get in touch with the admissions offices and get candid feedback on your profile. Making effort to lay the groundwork at this point will help you to make the right selection in terms of schools and deliberate well on post-MBA goals to find a match. Looking at the schools on your list, it seems you are more inclined to do an MBA in the US. I would like to understand your motivations here. What matters to you more- moving to the US or getting into a better-perceived MBA program from your goals perspective(in India, Europe or US). I say this because most schools you have here are quite competitive for the average Indian demographic and I do not know what industry background you have to be able to make the transition to the US via these schools.
Your profile seems balanced from the ECs perspective so I am not too worried about that aspect. Cannot emphasize enough that you need a stellar GMAT score (740+).
If you wish to discuss your concerns in detail feel free to reach out.
Warm regards