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EARLY AGE MBA ?? ! Is having Family business a downside?

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stonecold
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EARLY AGE MBA ?? ! Is having Family business a downside? [#permalink] New post   17 Apr 2016, 12:49
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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mbaMissionKate
mbaMission Admissions Consultant
Joined: 01 Apr 2015
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Re: EARLY AGE MBA ?? ! Is having Family business a downside? [#permalink] New post   19 Apr 2016, 17:19
Expert Reply
Hi Stone Cold :)

First of all I love your positivity and openness -- that will help you a lot in this process! I am also a dog lover so I am a big fan of your particular choice of community involvement - good for you!

Secondly it is really hard to evaluate your chances without your GMAT score. So that should be your #1 priority now!

Finally you are very young as you point out. Many schools don't actually have a requirement but the average age is closer to 28. Schools want to make sure you have enough past experience to contribute meaningfully to class discussions and projects. So I recommend waiting a year (which will also give you plenty of time to take the GMAT and get your applications in Round 1). By the way, they calculate your work experience based off post-college to the time you matriculate in the MBA, not the time of application. Your family business experience is not a downside, though to truly evaluate how impressive it is, I'd need to know more about the kind of business, the growth, the size, your role, etc.

So keep me posted on how GMAT goes and if you have any other questions!
Good luck!
Kate

stonecold wrote:
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 :)
User avatar
D
stonecold
Alum
Joined: 12 Aug 2015
Posts: 2282
Own Kudos [?]: 3133 [0]
Given Kudos: 893
Schools: Boston U '20 (M)
GRE 1: Q169 V154
Send PM
GMAT ToolKit User
Re: EARLY AGE MBA ?? ! Is having Family business a downside? [#permalink] New post   27 Jul 2016, 19:17
mbaMissionKate wrote:
Hi Stone Cold :)

First of all I love your positivity and openness -- that will help you a lot in this process! I am also a dog lover so I am a big fan of your particular choice of community involvement - good for you!

Secondly it is really hard to evaluate your chances without your GMAT score. So that should be your #1 priority now!

Finally you are very young as you point out. Many schools don't actually have a requirement but the average age is closer to 28. Schools want to make sure you have enough past experience to contribute meaningfully to class discussions and projects. So I recommend waiting a year (which will also give you plenty of time to take the GMAT and get your applications in Round 1). By the way, they calculate your work experience based off post-college to the time you matriculate in the MBA, not the time of application. Your family business experience is not a downside, though to truly evaluate how impressive it is, I'd need to know more about the kind of business, the growth, the size, your role, etc.

So keep me posted on how GMAT goes and if you have any other questions!
Good luck!
Kate

stonecold wrote:
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 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
User avatar
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mbaMissionKate
mbaMission Admissions Consultant
Joined: 01 Apr 2015
Posts: 1452
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Re: EARLY AGE MBA ?? ! Is having Family business a downside? [#permalink] New post   28 Jul 2016, 17:30
Expert Reply
Hi again,
As far as work experience goes, Notre Dame and Georgetown are definitely doable. They both accept a pretty wide range of experience levels into their programs. So if you can show clear reasons for why MBA now, I don't see that being a major concern.
Did you take the GMAT yet? I didn't see your score but maybe I missed it. Those schools have medians in the 680-690 range so I'd feel best about your chances at those two schools if you had a ~700 score.
You could certainly go ahead and apply in R2 this year. Though if you end up needing more time for the GMAT, or if you think waiting another year would significantly improve your work background, then you'd be just fine waiting.
Good luck!

stonecold wrote:
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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mbaMission Admissions Consultant
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