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stonecold
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Schools: Boston U '20 (M)
GRE 1: Q169 V154
Posts: 2,231
Kudos: 3,647
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EARLY AGE MBA ?? ! Is having Family business a downside? 17 Apr 2016, 12:48
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HOWDIEEEE.. to anyone who reads this...!!

Now I have a very specific situation (thats what i think ) so i am submitting my info to which i would love to hear from anyone who has the adequate knowledge to address my concerns
Heres my BACKGROUND

10th grade=> 73%
12th grade => 74% (a science student)

Then i took an year off as i did not get into the a decent engineering college..Trust me here- i got into many colleges but all of them were Pretty much CRAP (sorry for the curse but i am being bluntly honest here)
In the mean time I assisted my father during the day and studied during night..I am not sure that experience will count for business schools nevertheless i am very proud that i did that as at an early age i got to understand as to how someone who runs an industry actually functions..
The Gap year proved fruitful as i got into GGSIPU Delhi plus i got a pretty good and a decorated college in the Capital city..
Engineering was Good in fact great ..

Aggregate=> 71%(B.Tech In Information tech)
Now to be honest with you guys i was working with my father during my engineering years as well ..I would literally pick up documents and do other chores for him (Yes He Paid Me too)

Here is the real problem why i wrote this piece =>
My age is 23 years and 330 days
I will be 24 next month..!!


I graduated in June 2015..
And from DAY 1 i have been working with my father in our Family business..
Initially i was hesitant to join him as i was an IT engineer and my family is into Footwear business. Then I started to love my JOB [Common we make shoes and other footwear's for a living. Who would not love that right :) ]
Now almost an year later i feel like i need to grow my business outreach..
Trust me when i say this - Work is Fine..But the glitch is => "i want to take my family Business to places" Actually i want that to be Awesome instead of just Fine (sorry for the choice of words )
Hence i need an MBA..
And to much of my surprise my father stands right by me in this decision..! In fact He told me that its a very mature move..!!

I know most of you might think its too early for an MBA
But honestly guys Waiting for another 2 or 3 years will not take my business anywhere .It will be in a stand still.
Plus i think i have the added advantage of working with my father in my initial GAP year where i assisted him if it counts.

So it goes without saying => I DON'T ONLY WANT AN MBA ; I NEED AN MBA..!!

secondly i am a bit confused about this work experience thing ..!!
Most of the business schools require 2 years of work experience in there applicants ..
What does 2 years mean?
till the program actually starts or till the time you fill out your application
If i apply in 2016 for fall 2017 admissions then by the time i actually start my school in September i will be having 2 years and 2 months of experience.. I guess that would do..???

WHAT ARE THE SCHOOLS I CAN TARGET ???

Top 20 can i get in ?
Okay Top30?
Top40?
i am flexible as long as it in the Top 40-45
Common Guys Help me get into top 40 at-least..!!!! I don't want to wait ..!!
I am into manufacturing shoes and other footwear so anything related to MARKETING AND ADVERTISING would be Fabulous ..Plus i like Advertising.
Now if (only if) i wait another year( which probably would not do any good to my industry ) then will it increase my chances of getting admitted..

GMAT => Appearing this October..I think i can get a good score..i will try for 700 maybe ..I will Dig that (i have started preparing)

now to the most important part=>

Community services => I am an active part of an Organisation which rescues street dogs and treats them until they are healthy..I have been a part of this organisation from my engineering days ..the reason i do it it i honestly believe in the work we do..We organise dog shows too..

Positions held => "I am not given any designations actually .. I am responsible for marketing and supply ..Plus sometimes manufacturing too. Family business comes with several added responsibilities too :)
The Post MBA goals => " I WOULD LIKE TO RETURN TO MY HOME COUNTRY THE DAY AFTER I GET AN MBA . Off course i would like to do an internship however..But apart from that i have one any only one vision that is to Do Justice to my family business and take it to a level it deserves"

ANYONE WHO READS THIS Please Feel free TO POST any suggestions You guys Have for me... It will be really helpful..


Love and respect to everyone
Stone Cold

P.S => Don't let my user name mislead you ..!! I am an indian candidate :)
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Posts: 9,229
Kudos: 2,075
 [1]
EARLY AGE MBA ?? ! Is having Family business a downside? 17 Apr 2016, 15:10
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stonecold
HOWDIEEEE.. to anyone who reads this...!!

Now I have a very specific situation (thats what i think ) so i am submitting my info to which i would love to hear from anyone who has the adequate knowledge to address my concerns
Heres my BACKGROUND

10th grade=> 73%
12th grade => 74% (a science student)

Then i took an year off as i did not get into the a decent engineering college..Trust me here- i got into many colleges but all of them were Pretty much CRAP (sorry for the curse but i am being bluntly honest here)
In the mean time I assisted my father during the day and studied during night..I am not sure that experience will count for business schools nevertheless i am very proud that i did that as at an early age i got to understand as to how someone who runs an industry actually functions..
The Gap year proved fruitful as i got into GGSIPU Delhi plus i got a pretty good and a decorated college in the Capital city..
Engineering was Good in fact great ..

Aggregate=> 71%(B.Tech In Information tech)
Now to be honest with you guys i was working with my father during my engineering years as well ..I would literally pick up documents and do other chores for him (Yes He Paid Me too)

Here is the real problem why i wrote this piece =>
My age is 23 years and 330 days
I will be 24 next month..!!


I graduated in June 2015..
And from DAY 1 i have been working with my father in our Family business..
Initially i was hesitant to join him as i was an IT engineer and my family is into Footwear business. Then I started to love my JOB [Common we make shoes and other footwear's for a living. Who would not love that right :) ]
Now almost an year later i feel like i need to grow my business outreach..
Trust me when i say this - Work is Fine..But the glitch is => "i want to take my family Business to places" Actually i want that to be Awesome instead of just Fine (sorry for the choice of words )
Hence i need an MBA..
And to much of my surprise my father stands right by me in this decision..! In fact He told me that its a very mature move..!!

I know most of you might think its too early for an MBA
But honestly guys Waiting for another 2 or 3 years will not take my business anywhere .It will be in a stand still.
Plus i think i have the added advantage of working with my father in my initial GAP year where i assisted him if it counts.

So it goes without saying => I DON'T ONLY WANT AN MBA ; I NEED AN MBA..!!

secondly i am a bit confused about this work experience thing ..!!
Most of the business schools require 2 years of work experience in there applicants ..
What does 2 years mean?
till the program actually starts or till the time you fill out your application
If i apply in 2016 for fall 2017 admissions then by the time i actually start my school in September i will be having 2 years and 2 months of experience.. I guess that would do..???

WHAT ARE THE SCHOOLS I CAN TARGET ???

Top 20 can i get in ?
Okay Top30?
Top40?
i am flexible as long as it in the Top 40-45
Common Guys Help me get into top 40 at-least..!!!! I don't want to wait ..!!
I am into manufacturing shoes and other footwear so anything related to MARKETING AND ADVERTISING would be Fabulous ..Plus i like Advertising.
Now if (only if) i wait another year( which probably would not do any good to my industry ) then will it increase my chances of getting admitted..

GMAT => Appearing this October..I think i can get a good score..i will try for 700 maybe ..I will Dig that (i have started preparing)

now to the most important part=>

Community services => I am an active part of an Organisation which rescues street dogs and treats them until they are healthy..I have been a part of this organisation from my engineering days ..the reason i do it it i honestly believe in the work we do..We organise dog shows too..

Positions held => "I am not given any designations actually .. I am responsible for marketing and supply ..Plus sometimes manufacturing too. Family business comes with several added responsibilities too :)
The Post MBA goals => " I WOULD LIKE TO RETURN TO MY HOME COUNTRY THE DAY AFTER I GET AN MBA . Off course i would like to do an internship however..But apart from that i have one any only one vision that is to Do Justice to my family business and take it to a level it deserves"

ANYONE WHO READS THIS Please Feel free TO POST any suggestions You guys Have for me... It will be really helpful..


Love and respect to everyone
Stone Cold

P.S => Don't let my user name mislead you ..!! I am an indian candidate :)
Show more

Hey dude,
Good to hear from you! And I love your excitement and passion!
It will take you a looooong way.

So a few things to think about:
First, coming from a family business is fine. But they want to know that it is serious, big, growing, and has potential to become huge. Is that the case? How big is the company? How much turnover? Profits? How many employees? What do you do?

Secondly, without a GMAT score, there's no way me or anyone can predict where you can get in... so maybe take the test first.

Finally, I know you are excited to go NOW, but don't. Because you will get into FAR less good schools than if you wait. One year is NOT enough work experience for B-schools, and many of them will just trash your application - so hold on to those horses, get that experience and THEN make it happen. There are exceptions of course.... like if it's REALLY really useful for the business - but then you can consider an MiM maybe or some other configuration. The issue being that with that little experience, your profile is just simply not thaaaaaaat attractive for the MBA programs.

So stay excited! And keep to the path my friend!
Best,
Jon
User avatar
stonecold
User avatar
Joined: 12 Aug 2015
Last visit: 09 Apr 2024
Posts: 2,231
Own Kudos:
3,647
Given Kudos: 893
Schools: Boston U '20 (M)
GRE 1: Q169 V154
Schools: Boston U '20 (M)
GRE 1: Q169 V154
Posts: 2,231
Kudos: 3,647
EARLY AGE MBA ?? ! Is having Family business a downside? 18 Apr 2016, 01:08
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JonAdmissionado
stonecold
HOWDIEEEE.. to anyone who reads this...!!

Now I have a very specific situation (thats what i think ) so i am submitting my info to which i would love to hear from anyone who has the adequate knowledge to address my concerns
Heres my BACKGROUND

10th grade=> 73%
12th grade => 74% (a science student)

Then i took an year off as i did not get into the a decent engineering college..Trust me here- i got into many colleges but all of them were Pretty much CRAP (sorry for the curse but i am being bluntly honest here)
In the mean time I assisted my father during the day and studied during night..I am not sure that experience will count for business schools nevertheless i am very proud that i did that as at an early age i got to understand as to how someone who runs an industry actually functions..
The Gap year proved fruitful as i got into GGSIPU Delhi plus i got a pretty good and a decorated college in the Capital city..
Engineering was Good in fact great ..

Aggregate=> 71%(B.Tech In Information tech)
Now to be honest with you guys i was working with my father during my engineering years as well ..I would literally pick up documents and do other chores for him (Yes He Paid Me too)

Here is the real problem why i wrote this piece =>
My age is 23 years and 330 days
I will be 24 next month..!!


I graduated in June 2015..
And from DAY 1 i have been working with my father in our Family business..
Initially i was hesitant to join him as i was an IT engineer and my family is into Footwear business. Then I started to love my JOB [Common we make shoes and other footwear's for a living. Who would not love that right :) ]
Now almost an year later i feel like i need to grow my business outreach..
Trust me when i say this - Work is Fine..But the glitch is => "i want to take my family Business to places" Actually i want that to be Awesome instead of just Fine (sorry for the choice of words )
Hence i need an MBA..
And to much of my surprise my father stands right by me in this decision..! In fact He told me that its a very mature move..!!

I know most of you might think its too early for an MBA
But honestly guys Waiting for another 2 or 3 years will not take my business anywhere .It will be in a stand still.
Plus i think i have the added advantage of working with my father in my initial GAP year where i assisted him if it counts.

So it goes without saying => I DON'T ONLY WANT AN MBA ; I NEED AN MBA..!!

secondly i am a bit confused about this work experience thing ..!!
Most of the business schools require 2 years of work experience in there applicants ..
What does 2 years mean?
till the program actually starts or till the time you fill out your application
If i apply in 2016 for fall 2017 admissions then by the time i actually start my school in September i will be having 2 years and 2 months of experience.. I guess that would do..???

WHAT ARE THE SCHOOLS I CAN TARGET ???

Top 20 can i get in ?
Okay Top30?
Top40?
i am flexible as long as it in the Top 40-45
Common Guys Help me get into top 40 at-least..!!!! I don't want to wait ..!!
I am into manufacturing shoes and other footwear so anything related to MARKETING AND ADVERTISING would be Fabulous ..Plus i like Advertising.
Now if (only if) i wait another year( which probably would not do any good to my industry ) then will it increase my chances of getting admitted..

GMAT => Appearing this October..I think i can get a good score..i will try for 700 maybe ..I will Dig that (i have started preparing)

now to the most important part=>

Community services => I am an active part of an Organisation which rescues street dogs and treats them until they are healthy..I have been a part of this organisation from my engineering days ..the reason i do it it i honestly believe in the work we do..We organise dog shows too..

Positions held => "I am not given any designations actually .. I am responsible for marketing and supply ..Plus sometimes manufacturing too. Family business comes with several added responsibilities too :)
The Post MBA goals => " I WOULD LIKE TO RETURN TO MY HOME COUNTRY THE DAY AFTER I GET AN MBA . Off course i would like to do an internship however..But apart from that i have one any only one vision that is to Do Justice to my family business and take it to a level it deserves"

ANYONE WHO READS THIS Please Feel free TO POST any suggestions You guys Have for me... It will be really helpful..


Love and respect to everyone
Stone Cold

P.S => Don't let my user name mislead you ..!! I am an indian candidate :)

Hey dude,
Good to hear from you! And I love your excitement and passion!
It will take you a looooong way.

So a few things to think about:
First, coming from a family business is fine. But they want to know that it is serious, big, growing, and has potential to become huge. Is that the case? How big is the company? How much turnover? Profits? How many employees? What do you do?

Secondly, without a GMAT score, there's no way me or anyone can predict where you can get in... so maybe take the test first.

Finally, I know you are excited to go NOW, but don't. Because you will get into FAR less good schools than if you wait. One year is NOT enough work experience for B-schools, and many of them will just trash your application - so hold on to those horses, get that experience and THEN make it happen. There are exceptions of course.... like if it's REALLY really useful for the business - but then you can consider an MiM maybe or some other configuration. The issue being that with that little experience, your profile is just simply not thaaaaaaat attractive for the MBA programs.

So stay excited! And keep to the path my friend!
Best,
Jon
Show more


thanks for the quote jon..
if i apply this year and by the time i get into a school next year i will have 2 years and 2 months of work experience..
Now if i wait and apply next year then by the time i actually enter the program in 2018 i will have 3 years and 2 moth of experience..
Till when do the schools actually count the experience ?
Application submitting time or programme enter time?
and regarding my firm here are a few details => 153 employees which includes 13 office staff and the rest are working on wages. Off course i wont disclose the revenue here :)

thanks and regards
S.C.S.A
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Posts: 9,229
Kudos: 2,075
EARLY AGE MBA ?? ! Is having Family business a downside? 19 Apr 2016, 03:19
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Look, you can try, but you will get into a less good program than you will if you wait. You simply won't have the experience or the stories that the school is looking for. Now, you can decide that that difference in ranking doesn't matter to you so much, because it's more important for the family business that you do this NOW. And that's a fine business decision as well, if you believe that is what is important, but try and consider also the school's perspective. If you apply with little experience, they can very easily just say "Well, he could be interesting, but why don't we wait two years and find out what he can REALLY do."

So, of course the final decision to apply or not, is up to you. But my advice is that unless you have pragmatic business reasons to do this now, that you wait at least one year, and better two.

Best,
Jon
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stonecold
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Joined: 12 Aug 2015
Last visit: 09 Apr 2024
Posts: 2,231
Own Kudos:
3,647
Given Kudos: 893
Schools: Boston U '20 (M)
GRE 1: Q169 V154
Schools: Boston U '20 (M)
GRE 1: Q169 V154
Posts: 2,231
Kudos: 3,647
EARLY AGE MBA ?? ! Is having Family business a downside? 27 Jul 2016, 19:15
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JonAdmissionado
Look, you can try, but you will get into a less good program than you will if you wait. You simply won't have the experience or the stories that the school is looking for. Now, you can decide that that difference in ranking doesn't matter to you so much, because it's more important for the family business that you do this NOW. And that's a fine business decision as well, if you believe that is what is important, but try and consider also the school's perspective. If you apply with little experience, they can very easily just say "Well, he could be interesting, but why don't we wait two years and find out what he can REALLY do."

So, of course the final decision to apply or not, is up to you. But my advice is that unless you have pragmatic business reasons to do this now, that you wait at least one year, and better two.

Best,
Jon
Show more



Hey sir
Apologies for troubling you again but i have a specific query now =>
Is my profile good enough for notre dame ?
and additionally if not should i skip applying this year in R2 and apply in early round next year so that my work ex will be more than 2 years and 4 months?
i want to get into notre dame or georgetown..!
Actually Notre dame is my top priority.

P.S => I realize my post was a bit amateur given that i didn't do any research back then .
have done my research now ..!

Cheers
Stone Cold
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Joined: 30 Nov 2009
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Posts: 9,229
Own Kudos:
2,075
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Location: Chicago, IL
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Schools: HBS - Class of 2005
Posts: 9,229
Kudos: 2,075
EARLY AGE MBA ?? ! Is having Family business a downside? 27 Jul 2016, 23:04
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stonecold
JonAdmissionado
Look, you can try, but you will get into a less good program than you will if you wait. You simply won't have the experience or the stories that the school is looking for. Now, you can decide that that difference in ranking doesn't matter to you so much, because it's more important for the family business that you do this NOW. And that's a fine business decision as well, if you believe that is what is important, but try and consider also the school's perspective. If you apply with little experience, they can very easily just say "Well, he could be interesting, but why don't we wait two years and find out what he can REALLY do."

So, of course the final decision to apply or not, is up to you. But my advice is that unless you have pragmatic business reasons to do this now, that you wait at least one year, and better two.

Best,
Jon



Hey sir
Apologies for troubling you again but i have a specific query now =>
Is my profile good enough for notre dame ?
and additionally if not should i skip applying this year in R2 and apply in early round next year so that my work ex will be more than 2 years and 4 months?
i want to get into notre dame or georgetown..!
Actually Notre dame is my top priority.

P.S => I realize my post was a bit amateur given that i didn't do any research back then .
have done my research now ..!

Cheers
Stone Cold
Show more

Hey Stone Cold!
No apologies necessary!
I think you should still wait it out till next year. You will have a lot more options. And your MBA will be more useful, because you will have gathered a lot more experience!
Best,
Jon