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May 0408:30 AM PDT
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A low GMAT score does not automatically end your MBA admission chances. Every year, top business schools admit candidates whose GMAT scores fall below the class average — not because the score doesn’t matter, but because the rest of the application....
May 0507:00 PM EDT
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In this live 60-minute masterclass, How to Get Ahead of MBA Recruiting Now, we’ll walk through the four biggest mistakes incoming MBAs make and how to avoid them so you’re not scrambling to catch up once recruiting begins.
May 0710:00 AM EDT
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Sia Admissions Founder Susan Berishaj is covering this live on YouTube, May 7: how admissions committees actually evaluate goals statements, who is in the room, and why the goals statement most applicants submit wouldn't survive that conversation.- May 08
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downeaster
GMAT 2: 710 Q47 V41
Posts: 54
06 Feb 2013, 21:01
Kudos
Bookmarks
Hello!
While I haven't taken the GMAT yet, I would like to know your opinion about my chances of being accepted into an MBA program at this stage of my career.
Profile: 24 years old, Male, USA
Academic background: Graduated Summa Cum Laude (3.9GPA) in 2010 with a degree in Financial Economics from state university. University experience also includes one semester spent at top university in China. Extracurricular involvement includes being president of school's investment club (60 member organization).
Work experience: ~2 years working in Corporate Finance at one of the world's most recognized retail companies (F200). Recently moved to Hong Kong to expand family's business here. Primary responsibilities here are focused on business development (sales and marketing) as well as operations. Was eager to get international and operations experience, which was the primary driver for leaving retail company for my family's much smaller firm.
Post MBA goals: Either move into management consulting or join a retail / consumer products in a corporate development (strategy) function. Plan to eventually return to family business.
Interested Programs (Apply R1 2014):
Said
Rotterdam
Cass
Judge
Columbia
My main concern is that working for my family's company will hinder my chances. Any thoughts? I know it's hard to handicap this given my lack of GMAT score, but any input would be very helpful. Thanks!
While I haven't taken the GMAT yet, I would like to know your opinion about my chances of being accepted into an MBA program at this stage of my career.
Profile: 24 years old, Male, USA
Academic background: Graduated Summa Cum Laude (3.9GPA) in 2010 with a degree in Financial Economics from state university. University experience also includes one semester spent at top university in China. Extracurricular involvement includes being president of school's investment club (60 member organization).
Work experience: ~2 years working in Corporate Finance at one of the world's most recognized retail companies (F200). Recently moved to Hong Kong to expand family's business here. Primary responsibilities here are focused on business development (sales and marketing) as well as operations. Was eager to get international and operations experience, which was the primary driver for leaving retail company for my family's much smaller firm.
Post MBA goals: Either move into management consulting or join a retail / consumer products in a corporate development (strategy) function. Plan to eventually return to family business.
Interested Programs (Apply R1 2014):
Said
Rotterdam
Cass
Judge
Columbia
My main concern is that working for my family's company will hinder my chances. Any thoughts? I know it's hard to handicap this given my lack of GMAT score, but any input would be very helpful. Thanks!
08 Feb 2013, 01:44
Kudos
Bookmarks
So far things look pretty darn good! 3.9 experience in china, a family business. True that I can't give a real evaluation without more detail and your GMAt, but let's just say that things look good.
As for the family business thing, on the contrary, family businesses are even better than a regular job sometimes. It depends a bit on how big the business is, how much potential it had for growth, what you have done, and what your plans for it in the future are. So feel free to post a bit about the industry, turnover, number of workers, etc, so that I can get a better idea, and maybe evaluate your profile in a more precise manner.
As for the family business thing, on the contrary, family businesses are even better than a regular job sometimes. It depends a bit on how big the business is, how much potential it had for growth, what you have done, and what your plans for it in the future are. So feel free to post a bit about the industry, turnover, number of workers, etc, so that I can get a better idea, and maybe evaluate your profile in a more precise manner.
downeaster
10 Feb 2013, 01:47
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Hi Jon,
Thanks so much for the quick response. It's heartening to know that family businesses aren't always a detriment to a business school application. To give you a little perspective into the business - it's a wholesale seafood distributor headquartered in the northeastern part of the US. We have around ten employees (varies depending on the season). I'm here in Hong Kong to both extend our current products to Asia (it's a new market for us), begin sourcing products here as well as to develop more direct to consumer lines. I'll be working on this project through at least the end of this year. Ultimate goal (likely after business school) is push further into the branded products space.
Given the above information - do you still think there is potential to tell a story compelling enough to get accepted any of those target schools I listed? Leaving a F200 company might seem like a strange decision, but I believe the potential to develop both my family's business and my career were both well worth it.
Thanks so much for the quick response. It's heartening to know that family businesses aren't always a detriment to a business school application. To give you a little perspective into the business - it's a wholesale seafood distributor headquartered in the northeastern part of the US. We have around ten employees (varies depending on the season). I'm here in Hong Kong to both extend our current products to Asia (it's a new market for us), begin sourcing products here as well as to develop more direct to consumer lines. I'll be working on this project through at least the end of this year. Ultimate goal (likely after business school) is push further into the branded products space.
Given the above information - do you still think there is potential to tell a story compelling enough to get accepted any of those target schools I listed? Leaving a F200 company might seem like a strange decision, but I believe the potential to develop both my family's business and my career were both well worth it.
