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Experiences besides the main experience.

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Experiences besides the main experience. [#permalink]

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New post 01 Apr 2017, 05:09
.

Last edited by gmat2k17 on 17 Jun 2017, 08:57, edited 1 time in total.

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Re: Experiences besides the main experience. [#permalink]

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New post 01 Apr 2017, 20:47
gmat2k17 wrote:
Hi,

I am in a bit of conundrum.

While working with my current employer I am forbidden from officially engaging in any venture. Now, I have a barely literate rich friend and a rich uncle, with whom and with their money, I have found two companies and both of them are decently progressing. In one of these I was involved with my wife. Now comes the problem: I haven't officially played a role in these companies, but I have given my blood, sweat, and tears to both of these companies, especially while setting them up. A lot of my colleagues are also running side business in the name of their family members.

Is it ok to mention these experiences in my application? Will it be considered unethical and lead to the outright rejection of my application? I have read somewhere in the past that candidates disclosing confidential cost savings were rejected from schools for violating their respective company's policies. However, in this case I am not violating any laws.

These experiences may help my application shine, but if it can be such risky as stated above, I'd not include them. Please help me with your expert opinions.

Thanks in advance.


Hi gmat2k17,
It seems that you are planning to quit your job as it is to pursue an MBA. And MBA adcoms love an entrepreneurial application. You should put this in your resume simply because its true. You have worked in those startups and you are not lying. You need to navigate a strategy around this conundrum to answer any questions IF ANY are raised by the B-school adcoms.
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Re: Experiences besides the main experience. [#permalink]

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New post 01 Apr 2017, 21:58
gmat2k17 wrote:
Hi,

I am in a bit of conundrum.

While working with my current employer I am forbidden from officially engaging in any venture. Now, I have a barely literate rich friend and a rich uncle, with whom and with their money, I have found two companies and both of them are decently progressing. In one of these I was involved with my wife. Now comes the problem: I haven't officially played a role in these companies, but I have given my blood, sweat, and tears to both of these companies, especially while setting them up. A lot of my colleagues are also running side business in the name of their family members.

Is it ok to mention these experiences in my application? Will it be considered unethical and lead to the outright rejection of my application? I have read somewhere in the past that candidates disclosing confidential cost savings were rejected from schools for violating their respective company's policies. However, in this case I am not violating any laws.

These experiences may help my application shine, but if it can be such risky as stated above, I'd not include them. Please help me with your expert opinions.

Thanks in advance.


gmat2k17 I would agree, definitely mention it. They are looking to get to know you in these applications. If your guidance has been instrumental to the success of these companies, I would not hide it. A bit confused about what you're saying about the cost savings thing. I have all my candidates indicate cost savings they have generated and everyone I've worked with has been admitted to at least one top program. These applications are private documents. That issue aside, I think these experiences would definitely benefit you, and put you in the light as someone who is a leader and innovator. Own your brilliance =)
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Re: Experiences besides the main experience. [#permalink]

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New post 02 Apr 2017, 00:34
EduSimplified wrote:
Hi gmat2k17,
It seems that you are planning to quit your job as it is to pursue an MBA. And MBA adcoms love an entrepreneurial application. You should put this in your resume simply because its true. You have worked in those startups and you are not lying. You need to navigate a strategy around this conundrum to answer any questions IF ANY are raised by the B-school adcoms.


Hi,

Thanks for the response. Yes, I'm prepared to answer any questions about them.

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Re: Experiences besides the main experience. [#permalink]

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New post 02 Apr 2017, 00:39
MBAPrepCoach wrote:

gmat2k17 I would agree, definitely mention it. They are looking to get to know you in these applications. If your guidance has been instrumental to the success of these companies, I would not hide it. A bit confused about what you're saying about the cost savings thing. I have all my candidates indicate cost savings they have generated and everyone I've worked with has been admitted to at least one top program. These applications are private documents. That issue aside, I think these experiences would definitely benefit you, and put you in the light as someone who is a leader and innovator. Own your brilliance =)


I saw a video in which an adcom member was asked this question that whether it is okay for an applicant to disclose a confidential information of the company in an application and the response from the adcom member was that they view it as a breach of trust and a policy violation by the applicant and the application is rejected. The interviewer did cite confidential figures of the project and client's name as examples.

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Re: Experiences besides the main experience. [#permalink]

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New post 02 Apr 2017, 01:02
The point was not any cost saving I guess. It was about confidential cost savings.

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New post 02 Apr 2017, 02:44
gmat2k17 wrote:
The point was not any cost saving I guess. It was about confidential cost savings.



Oh, I see. Thank you for sharing, very interesting. This doesn't seem to be the case for you though - right?
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Re: Experiences besides the main experience. [#permalink]

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New post 02 Apr 2017, 20:34
MBAPrepCoach wrote:
Oh, I see. Thank you for sharing, very interesting. This doesn't seem to be the case for you though - right?


Not at all.

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Re: Experiences besides the main experience. [#permalink]

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New post 10 Apr 2017, 19:31
I would definitely mention this, I have not heard of such a policy if I am understanding your issue correctly. This seems to be a major area of strength for your application so you should def position as a key component for your application
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Re: Experiences besides the main experience. [#permalink]

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New post 11 Apr 2017, 03:13
VeritasPrepDozie wrote:
I would definitely mention this, I have not heard of such a policy if I am understanding your issue correctly. This seems to be a major area of strength for your application so you should def position as a key component for your application


Thanks a lot Dozie.

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New post 11 Apr 2017, 15:49
Hi there -

So if I'm understanding you correctly, you had a "moonlighting" provision at your company, so you couldn't be working somewhere else, right? That normally means that you can't be paid somewhere else. So, were you paid or was this like start-up consulting in your free time (eg. an extracurricular)? Many of my clients are involved in things like this and consider themselves to be advisers to start-ups or in the early stages of their own ideas that they wouldn't consider actual "second jobs", as many corporate moonlighting provisions describe them. So, that being said I think you may be overthinking it a bit. But be conservative with regards to anything ethical. You want to be truthful in what you've been doing.

Hope that helps - best of luck!

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Re: Experiences besides the main experience. [#permalink]

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New post 11 Apr 2017, 17:30
VantagePointMeredith wrote:
Hi there -

So if I'm understanding you correctly, you had a "moonlighting" provision at your company, so you couldn't be working somewhere else, right? That normally means that you can't be paid somewhere else. So, were you paid or was this like start-up consulting in your free time (eg. an extracurricular)? Many of my clients are involved in things like this and consider themselves to be advisers to start-ups or in the early stages of their own ideas that they wouldn't consider actual "second jobs", as many corporate moonlighting provisions describe them. So, that being said I think you may be overthinking it a bit. But be conservative with regards to anything ethical. You want to be truthful in what you've been doing.

Hope that helps - best of luck!

Kindly,
Meredith


'Moonlighting' - nice word.
No, I wasn't paid for it. It was done with a friend and with his dad's money; a good amount of capital was required to set them up. One of the startup is in its third year of operation. Time to take money out of these ventures hasn't yet arrived :|. This wasn't a normal extra-curricular activity as I was spending quite a lot of time in these firms. In addition, I have mentored a start-up, but I don't think that that is something meaningful enough to include in my application as an extra-curricular.

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Re: Experiences besides the main experience.   [#permalink] 11 Apr 2017, 17:30
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