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23 Dec 2023, 08:10
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26, Male, Indian
GMAT - 720
GPA - 3.3
WORK EX - I did my bachelors and then due to my dad's health issues, I started working at my dad's business. It's a partnership firm and a very unorganized business, with no structure. With time, I've started to get bored of this work and finally I am at a point where I don't think I can do this anymore. Looking to change my career and very fascinated by finance. Also, I'm married now so I do have my wife who can take care of the business and hence I can look for an MBA. I have the following queries :-
1). Will this work experience be valid? If yes, given the unorganized structure, what's the best way to justify it?
2). Shall I be honest about me getting bored with the current work and hence wanting to do an MBA?
3). Let's say I do get an admit. Do employers post MBA feel comfortable to hire people who have had no corporate experience? Because my only aim is to work in finance for a big corporate.
Posted from my mobile device
GMAT - 720
GPA - 3.3
WORK EX - I did my bachelors and then due to my dad's health issues, I started working at my dad's business. It's a partnership firm and a very unorganized business, with no structure. With time, I've started to get bored of this work and finally I am at a point where I don't think I can do this anymore. Looking to change my career and very fascinated by finance. Also, I'm married now so I do have my wife who can take care of the business and hence I can look for an MBA. I have the following queries :-
1). Will this work experience be valid? If yes, given the unorganized structure, what's the best way to justify it?
2). Shall I be honest about me getting bored with the current work and hence wanting to do an MBA?
3). Let's say I do get an admit. Do employers post MBA feel comfortable to hire people who have had no corporate experience? Because my only aim is to work in finance for a big corporate.
Posted from my mobile device
27 Dec 2023, 01:27
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ps_2897
Hey ps_2897,
Managing a family business can be a valuable experience, especially if you can articulate the skills and insights gained. Emphasize any improvements or changes you've implemented in the business. Being candid about seeking new challenges through an MBA can be a positive aspect of your story, as long as it's framed constructively.
Your GMAT score of 720 is highly impressive, but the unconventional work experience may require you to clearly define your contributions and learnings as most top tier programs require at least 3 years of work experience. Highlight and quantify any management, financial, or strategic decisions you've made that resulted in generating profit or maybe you improved the processes.
Post-MBA employability in finance without prior corporate experience can be challenging but not impossible. Focus on MBA programs known for strong career support and alumni networks in finance. Networking and internships during the MBA will be crucial for transitioning into a finance role.
Taking up certifications, and showcasing extracurriculars will also improve your profile as the schools look at holistic ones. Addition of volunteering experience, or service to the community can also be a valid point in your profile.
You need to tailor your applications in such a way that it showcases who you are, and how an MBA will help you in achieving your goals.
For more personalized advice or application assistance, feel free to reach out on dm or schedule a free strategy session for a more tailored approach.
27 Dec 2023, 05:37
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ps_2897
Hello ps_2897,
Your experience in your family business can help you get admitted to the leading business schools if you present it to the Adcoms in a very concise and articulate manner. Your narrative can talk of significant life examples that illustrate important milestones and insights, such as business challenges, how you happened to gain interest, instances where you were contested, and how your interest has evolved. Remember to also focus on the insights you gained from each of those experiences and how those have shaped your personality and outlook on life.
Business schools look for at least 24-36 months of work experience before you apply for the program. With your 720 GMAT, which is impressive, we need to highlight other areas of your profile in your applications which include your time during your undergraduate course, your work experience (learnings, initiatives, challenges, growth & success), community service, networking, and much more.
Companies look to hire employees with considerable work experience in finance, but in your case, it's not impossible. You can shortlist universities that establish a clear link between your short-term and long-term goals. Focus on networking and building meaningful relations that can help you pave the way to the top finance setups post your MBA.
Your applications are an important part of your journey, we recommend you customize your applications post discussing the holistic aspects of your profile. Feel free to schedule a free consultation with our MBA consultants who hail from diverse backgrounds, including 15 of the top 20 global business schools, including Wharton, Columbia, INSEAD, HEC Paris, NYU Stern, UCLA Anderson, Cornell Johnson, IESE Business School, and others.
You can also connect with us at +91 9820491179
