nathaniel1981
Hi All,
Long story short, I worked for top law firms in my country and then pivoted into a general counsel role with my family business (large real estate development company). Given my parents age its looking that I will take over from the business side and become director/CEO and thinking that I want to get an MBA to supplement my law study as I move to a more managerial role.
I don't know what happens next other than me running this large scale business in real estate. With this, I just want to know (assuming I get good GMAt etc) is my profile totally out for B-School? I see consultants and product managers etc get in but for me, I just want to get the education to help me make sound business decisions and not run this large business in the ground. Do you think my profile is not suited to an MBA?
Looking for your thoughts.
Hi
nathaniel1981 , you have not mentioned the number of years of work experience that you have, but you may have to consider looking at EMBA programs if you have well above 10 years of work experience. The best way to approach your concern would be to try and get feedback on your profile from the admissions office for the MBA programs that you are considering.
Your rationale behind pursuing an MBA in order to prepare for taking over the family business reigns is well-founded. As the new generation in the family business, you could strongly argue your case with examples, citing your fresh and unconventional approach to doing business (as opposed to traditional norms) as your motivation for pursuing MBA. You are also right in saying that as the future CEO, you must be able to make sound business decisions, for which you would need to have a deeper understanding of subjects such as Finance, operations, technology, management and human resources. The experience of working in a family business brings immense learning and challenges that if showcased aptly in your application, would make you a strong contender for a place in the next academic cohort at your target school. Applicants who have experience working in a family business can bring a very unique perspective in that they have experienced firsthand, the implications of decision making with specific goals in mind. High chance that B schools would be excited to have someone who is set to become a business leader in a well established family business right after graduating from MBA class.
On a lighter note (do not worry about being unique), if all were to become consultants or product managers, then who would manage the actual business?
we need business leaders for that.
Best wishes