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General doubt regarding MBA admissions

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General doubt regarding MBA admissions [#permalink]

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New post 10 Mar 2017, 01:01
I got few serious reservations! After engineering graduation, I joined my father's firm, which is a small scale enterprise in a small town. am working for four years and now want to pursue a full time MBA ( preferably abroad ). The main aim is for learning the nuances, exposure and scaling up our firm back home after somwtime.

My doubts

1. What is the most suitable stream in MBA for me?
2. Since I don't have work experience from a reputed company, will it affect my chances from getting into top universities?

Please guide me. I have made serious efforts to find answers and yet I am unclear.

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Farrell D Hehn: MBA
Re: General doubt regarding MBA admissions [#permalink]

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New post 10 Mar 2017, 03:58
janakan91 wrote:
I got few serious reservations! After engineering graduation, I joined my father's firm, which is a small scale enterprise in a small town. am working for four years and now want to pursue a full time MBA ( preferably abroad ). The main aim is for learning the nuances, exposure and scaling up our firm back home after somwtime.

My doubts

1. What is the most suitable stream in MBA for me?
2. Since I don't have work experience from a reputed company, will it affect my chances from getting into top universities?

Please guide me. I have made serious efforts to find answers and yet I am unclear.

Sent from my Redmi Note 3 using GMAT Club Forum mobile app


Hi janakan91 - I think that an MBA would be a good move. I am working with someone in your almost exact situation - joined small family biz post-grad, wants more education to help scale the business. However I will mentioned that he has a 760 GMAT and is underrepresented. He received interview invites from Stanford, MIT, Booth, Kellogg and Haas so I don't think the lack of a big brand name employer exactly torpedoed his candidacy. I wouldn't advice the same schools for someone overrepresented or with a lesser GMAT but still, it's an indication that this is not a deal breaker.

I think you would do some online research on the family business center at Kellogg. As far as the most suitable stream, well I would recommend something like the growth and scaling pathway at Kellogg, or entrepreneurship. However you will need finance and marketing (especially marketing strategy) as well. So, general entrepreneurship and if offered, growth/scaling.

Hope that clarifies things. Do move forward, now is a good time for you to do this.
Best, Farrell
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Re: General doubt regarding MBA admissions [#permalink]

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New post 11 Mar 2017, 19:50
Thank you so much farrell for enlightening reply :)

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Re: General doubt regarding MBA admissions [#permalink]

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Great feedback above from Farrel. I would only add that your impact on your organization is one of the most important aspects of how school's evaluate your work experience. This transcends what firm you are at. So focus on your impact and all of the interpersonal and analytical skills you have developed at your firm
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Re: General doubt regarding MBA admissions [#permalink]

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New post 12 Mar 2017, 22:45
janakan91 wrote:
I got few serious reservations! After engineering graduation, I joined my father's firm, which is a small scale enterprise in a small town. am working for four years and now want to pursue a full time MBA ( preferably abroad ). The main aim is for learning the nuances, exposure and scaling up our firm back home after somwtime.

My doubts

1. What is the most suitable stream in MBA for me?
2. Since I don't have work experience from a reputed company, will it affect my chances from getting into top universities?

Please guide me. I have made serious efforts to find answers and yet I am unclear.

Sent from my Redmi Note 3 using GMAT Club Forum mobile app


Hey dude
Good to hear from you! And indeed an MBA sounds like a FANTASTIC idea for you.

To address your doubts:
1. Most MBA are generalist programs focusing on leadership and management, an dit seems to me that that is exactly what you need!
2. It depends on the details. How big is your family business? What is the indsutry? What is the annual turnover? How many employees? What is its market share? Obviously, the bigger and the more successful, the better :)

I hope this helps!
Best,
JF
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Re: General doubt regarding MBA admissions [#permalink]

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New post 12 Mar 2017, 23:27
Thank you so much. Very thoughtful reply. And for you questions ,We are in construction business which has been started 30 years back. And it's small scale enterprise with no more than 20 employees working in it. So you see it's not bigger and ofcourse it's successfully running but on a limited scale . So what's your take on it

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Re: General doubt regarding MBA admissions [#permalink]

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New post 13 Mar 2017, 22:18
Hello janakan91,

Good choice to go in for an MBA. But, before you take any decision, please do make sure you will have the relevant finances to pay back the MBA costs. Now, if you get a scholarship, nothing like it. But if you don't, you'll have some heavy burden, considering that you'll be joining the family business post-MBA.

How to get a scholarship? Blast it on the GMAT. If you have a good GMAT, schools will help you out.

Which MBA to do? There are a lot of options out there! If you are not sure, there are also General Management MBA programs.

Please feel free to get in touch with us at the email address below and we'll surely assist you!

Cheers!
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Re: General doubt regarding MBA admissions [#permalink]

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New post 14 Mar 2017, 06:18
janakan91 wrote:
I got few serious reservations! After engineering graduation, I joined my father's firm, which is a small scale enterprise in a small town. am working for four years and now want to pursue a full time MBA ( preferably abroad ). The main aim is for learning the nuances, exposure and scaling up our firm back home after somwtime.
Hi janakan91, Thanks for reaching out. First of all, an MBA degree is broad and some programs like Kellogg and others don't even require you to have a concentration or major. Now, it helps in admissions to have a story and also to inform why you want an MBA and so I think that is where you need to spend time thinking. An MBA is not a magic pill, but it does provide exposure, clarity, information and leadership as well as connections that can really take your career to new levels. There is some trust involved, and the more you know what you want, the more you can assess the value of the MBA. There are many things about it that you can' t quantify like the confidence and connections it can bring to have the MBA. Depending on what your GMAT is, as well as your UG grades, that will play a role in the level of schools you can consider. Your family work experience - if you can show impact and value there- can still be viable in your application. To learn more about how we can help you, here is a link for a free consult: http://stratusadmissionscounseling.com/ ... b-visitor/
My doubts

1. What is the most suitable stream in MBA for me?
2. Since I don't have work experience from a reputed company, will it affect my chances from getting into top universities?

Please guide me. I have made serious efforts to find answers and yet I am unclear.

Sent from my Redmi Note 3 using GMAT Club Forum mobile app

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Re: General doubt regarding MBA admissions   [#permalink] 14 Mar 2017, 06:18
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