Hi,
I plan to apply to MBA in the fall this year for class of 2017 (or 16 if in accelerated programs) and I am faced with two choices that I need to make soon.
1. Stay with my current job, which is in consulting (large/2nd tier and reputable with all F500 clients, although I hate using the word "2nd tier/Non-MBB" it's what it is) - will have 2 years of WE in June since I started working at this company immediately after my UG.
2. Create/lead a new company in the US supported financially (relatively small amount: 8-10M~~) by my family's parent company based in Asia. While this may seem like "here is a few mill, see what you can do" type of thing, but it's really not. The company is not set up to rack in millions of profit in a short period of time but to grow at a healthy rate with a strong foundation (they actually expect losses in the first 2-3 years lol but look for upward trend). Of course I will receive support, supervision, and mentoring as I go along.
Once/if I am in MBA (in 2 years or so), someone else close in the family will come in and manages it. I can choose to return to this (if things work well) or go back to Asia and help with the parent company which is much larger and pressure will be more intense.
I would love the challenge of option 2. I believe I will grow more as a person, learn more as an entrepreneur and a leader, and take on more responsibility. However, my goal in 3-4 years is to complete a MBA at a respectable program to get me as ready as possible (although 2 years of MBA won't guarantee to make me CEO material but hopefully I can learn as much as I can and prepare myself to make more correct decisions than wrong ones) to actually help/lead the family business in Asia.
From what I have researched so far, it seems that top MBA programs value professional experiences at a large firm more than small startup that's not FB/LinkedIn/Twitter material.
My question is: should I stay with the consulting firm I currently work for to gain more professional experiences or if I choose option 2, how/if/will it hurt my MBA chances.
Thanks,