stonecold wrote:
Hi guys
I was writing my first MBA essay and have completed already couple of drafts.
I have this weird fear which keeps getting to me as I open up more and more about my family business background.
That being -> IF they know I have sufficient resources(which I frankly don't) they might be hesitant to offer the money.
Imagine yourself being an Adcom
Who would you rather give the money to ?
Someone from the family business background OR someone who is working 9-5 for some startup involved in empowering the lower middle class?
There is a preconceived notion that all family business owners applying to B-schools are sitting on gold mines with egg shells to break.
I am small business owner for god's sake.I don't have a Birla attached to my surname (apologies for the satire)
I know they all say that all scholarships are merit based they are humans after all right ?
Any thoughts ?
Most developing nation applicants rather all applicant across the globe wants a scholarship. Since many are in the mid-management role and don't make a lot of money or have savings since they would have just got out of their loans if they have for their Bachelor degree. Also, I believe more than 75% of applicants are from middle class.
Unfortunately, schools have limited scholarship.
So It doesn't matter what is your background if you can still bag a scholarship. I mean, adcom know that all businesses are not like Apple to have billions of dollars profit on their balance sheet.
They would get your story from your essay whether you are filthy rich or someone who worked his ass of to save their business and clear out the debts on the balance sheet.
In above line of thinking.
I wouldn't just give the scholarship to a person who is working for a startup. It matters what he contributed not the company. He would have to say it in his essay. If he started the company then it explains.
And for a family business owner- Same as startup person. If the owner can say similar things as I mentioned above. He or she might get the scholarship.
It all comes down to their story!