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EARLY AGE MBA ?? ! Is having Family business a downside?
[#permalink]
17 Apr 2016, 12:51
17 Apr 2016, 12:51
1
Bookmarks
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
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
Re: EARLY AGE MBA ?? ! Is having Family business a downside?
[#permalink]
18 Jun 2016, 20:07
18 Jun 2016, 20:07
No response yet...!! StratusMBACounselor
EARLY AGE MBA ?? ! Is having Family business a downside?
[#permalink]
18 Jun 2016, 22:24
18 Jun 2016, 22:24
stonecold
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 ..!!
This bit concerns me from an outside viewpoint. To me what this says is you haven't really begun your research or that this is the beginning of your research. Either way there are too many free resources across a multitude of websites including this one that have useful guides to selecting schools. It's also not about ranking for a lot of people. For example if you wanted to work in Dallas, Texas you'd have better luck with an MBA from SMU (based in Dallas) which is like 30-50 than you would from a Duke or Stern which are both generally top 15.
Then there's the what is it you actually, specifically, want from an MBA? You don't get an MBA to have an MBA, you get it with a particular goal in mind. For some in positions like yours it's to learn the skills necessary to run your own company which would give you a base to start with, looking at schools that are known for entrepreneurialism.
You also need to have a better idea of what your GMAT will be. If you score a 650 as many people do, your options are much different than if you score say a 760 (now that's a bloody good score).
As far as the age thing goes I wish I could help you more as I'm currently 24 myself and facing the lack of work experience issue. Your odds will definitely be better if you can prove during the extra year of work you've improved yourself and you're showing career progression or quantifiable achievements in your current role (since it would be harder for you to get promotions and typical career progression metrics). It's definitely a hurdle but it's not insurmountable. Especially with clear reasons for getting an MBA now and not waiting along with an outlined plan for how it will help you and what you'll do with that degree from that specific school.
I know this didn't answer a lot of the questions you had but after reading your post I wanted to say my thoughts on it. Best of luck in your research.
