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Quitting job for startup/studying?

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Quitting job for startup/studying?  [#permalink]

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New post 05 Mar 2019, 16:59
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Hi,

I am a 24 year old female from India, I have a corporate job and I also have an ecommerce retail startup.

I want to quit my job so that I can focus on my startup and prepare for GMAT properly. I will be applying in Round 1, starting August 2019.

I have given the exam twice and this will be my third try, and so I want to do it right this time.

Will quitting my job affect my application? If I emphasise on my passion for my startup as the reason I didn’t work for 3-4 months before the applications, will it affect my prospects?

Thanks in advance.

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Re: Quitting job for startup/studying?  [#permalink]

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New post 05 Mar 2019, 22:33
Gaurika24 wrote:
Hi,

I am a 24 year old female from India, I have a corporate job and I also have an ecommerce retail startup.

I want to quit my job so that I can focus on my startup and prepare for GMAT properly. I will be applying in Round 1, starting August 2019.

I have given the exam twice and this will be my third try, and so I want to do it right this time.

Will quitting my job affect my application? If I emphasise on my passion for my startup as the reason I didn’t work for 3-4 months before the applications, will it affect my prospects?

Thanks in advance.

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Hi Gaurika24,

Thanks for writing in.

Quitting your job to study for GMAT is bound to have some repercussions; good business schools value your time-management skills and a gap never appears desirable.

If you absolutely must quit your job, you could talk about setting up your start-up; however, come up with a concrete plan, as well as activities you undertook; you must not sound vague about things.

Having said the above, it would be best if you could manage your preparation with work; quitting should be your last resort.

All the best!
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Re: Quitting job for startup/studying?  [#permalink]

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New post 05 Mar 2019, 23:26
Gaurika24, as mentioned here, quitting for GMAT prep is not a great idea am afraid.

Yes I know it's not easy but if it's of any source of motivation, bear in mind that most/all of your competitors do it together with a job. Best to find a way to strike the right balancing act here.
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Re: Quitting job for startup/studying?  [#permalink]

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New post 10 Mar 2019, 14:28
Gaurika24 wrote:
Hi,

I am a 24 year old female from India, I have a corporate job and I also have an ecommerce retail startup.

I want to quit my job so that I can focus on my startup and prepare for GMAT properly. I will be applying in Round 1, starting August 2019.

I have given the exam twice and this will be my third try, and so I want to do it right this time.

Will quitting my job affect my application? If I emphasise on my passion for my startup as the reason I didn’t work for 3-4 months before the applications, will it affect my prospects?

Thanks in advance.

Posted from my mobile device


Hi Gaurika,

Generally, it's not a wise move to have a gap in your resume around the time you apply. In this case, you would be dropping your full time job not to focus on your start-up but rather study for the GMAT. I think admission would catch this - if you were so passionate about it why apply to bschool so soon after devoting your time to it?

I would not quit your job until after you have an acceptance somewhere. Or, quit your job and give yourself 1-2 years to focus on your startup (while studying for the GMAT as well). That way, you can show a devotion/passion for entrepreneurship and can more ably speak about the experience during interviews.

Is there a specific reason why you are looking to apply to b-school now?

Regards,
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Re: Quitting job for startup/studying?  [#permalink]

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New post 11 Mar 2019, 12:13
Hi Personal MBA Coach,

The problem is I do not like my job anymore. I have spoken to a few people who have said that as long as I can justify that I quit to work on my startup for a few months, it shouldn't be a problem.

Also I am applying to B school so as to get funding for my company, learn more on how to run a business and how to scale it.
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Re: Quitting job for startup/studying?  [#permalink]

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New post 11 Mar 2019, 13:15
Personal MBA Coach to be honest I didnt quit the job sooner for the startup because I wanted to save enough money in order to run it. Cant all these things be explained in a well written essay?
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Re: Quitting job for startup/studying?  [#permalink]

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New post 11 Mar 2019, 16:36
Gaurika24 wrote:
Personal MBA Coach to be honest I didnt quit the job sooner for the startup because I wanted to save enough money in order to run it. Cant all these things be explained in a well written essay?


So I think they could, potentially. But it raises a lot of questions for an adcom.

Quitting your job to pursue a start-up isn't the issue I see. It's that you quit and then quickly apply to business school. I think it would be more wise to simply gut out the time at your job, write about your passion for entrepreneurship and your start-up, and explain how the skills you will acquire at school will help propel it in the future. Don't mention that you intend to use school as a means of fundraising (not sure how you would go about this...). Once you get into a school, then quit your job and re-focus your efforts. Also, think about potential recruiters at b-school who ask about the gap and then perhaps give a summer internship spot to someone they think has a chance to stay. Overall, its a less risky play than quitting before applying.

If you don't gain acceptance to a school you are willing to go to are you ok working on your startup and re-applying for the next cycle?
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Re: Quitting job for startup/studying?   [#permalink] 11 Mar 2019, 16:36
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