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mshrek
Joined: 12 Nov 2012
Last visit: 04 Dec 2017
Posts: 154
Own Kudos:
Given Kudos: 126
Location: India
Concentration: Finance, Technology
Schools: ISB '18 (A)
GPA: 2.7
WE:Analyst (Computer Software)
10 May 2014, 00:34
Kudos
Bookmarks
Hi All,
I'm in a dilemma for past few months. I am an Indian/male/28/IT guy , and I did my under graduation from an IIT. Currently, I am in a financially well settled job. I have given 2 GMAT attempts and my scores were : 650(51/26) and 690(50,32). For past few years I've been fascinated by an idea of a founding a startup company and finally I've been able to take the first step. Now my problems are :
)I am seriously considering doing an MBA outside India and have to retake GMAT again to better my scores. My target score is 750+. But I'm not able to manage time well along with my professional responsibilities.
2) I am not satisfied with my job profile and seriously want to make a change in techno-entrepreneurship, strategy-marketing,investing. But the problem I feel is that I do not have sufficient skills for these domains and I fear that my MBA applications might be seriously hampered because of this.
3)I want to leave my job and work on my startup, if it kicks in well. Here I don't have my family support as they think I'm already doing well professionally(income wise) and I've gone nuts to take a plunge in startups or a field where my income is quite questionble.
I want to continue with my work on my startup even when I am doing my mba as I'm quite passionate about it but considering my age and other factors I feel that this is the right time to do an MBA.
Should I wait till I've applied for colleges in round 1 or can I quit before applying to the colleges ? Will leaving my company do any harm once I've submitted my b-school applications. Will my recommendations be taken less lightly If I chose to leave my firm prior to mba applications? I really want to quit my job as I'm not satisfied with it at all and need some personal time to spend as well.
Please suggest how should I tackle these thoughts before the first round of MBA applications begin
I'm in a dilemma for past few months. I am an Indian/male/28/IT guy , and I did my under graduation from an IIT. Currently, I am in a financially well settled job. I have given 2 GMAT attempts and my scores were : 650(51/26) and 690(50,32). For past few years I've been fascinated by an idea of a founding a startup company and finally I've been able to take the first step. Now my problems are :
)I am seriously considering doing an MBA outside India and have to retake GMAT again to better my scores. My target score is 750+. But I'm not able to manage time well along with my professional responsibilities.
2) I am not satisfied with my job profile and seriously want to make a change in techno-entrepreneurship, strategy-marketing,investing. But the problem I feel is that I do not have sufficient skills for these domains and I fear that my MBA applications might be seriously hampered because of this.
3)I want to leave my job and work on my startup, if it kicks in well. Here I don't have my family support as they think I'm already doing well professionally(income wise) and I've gone nuts to take a plunge in startups or a field where my income is quite questionble.
I want to continue with my work on my startup even when I am doing my mba as I'm quite passionate about it but considering my age and other factors I feel that this is the right time to do an MBA.
Should I wait till I've applied for colleges in round 1 or can I quit before applying to the colleges ? Will leaving my company do any harm once I've submitted my b-school applications. Will my recommendations be taken less lightly If I chose to leave my firm prior to mba applications? I really want to quit my job as I'm not satisfied with it at all and need some personal time to spend as well.
Please suggest how should I tackle these thoughts before the first round of MBA applications begin
11 May 2014, 10:17
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mshrek,
Focusing only on the potential impact to you odds of B-school admission, I would not leave your job until after your applications have been submitted. If you leave beforehand, you risk alienating your recommenders, will give yourself little time to establish a record of success in your startup, and risk having adcoms perceive you as "taking a step back" professionally. That is, purely from an admissions standpoint, leaving before your application is submitted is likely to raise question marks that hurt your chances.
--Paul Bodine, Great Applications for Business School, www.topMBA.guru/outcomes
Focusing only on the potential impact to you odds of B-school admission, I would not leave your job until after your applications have been submitted. If you leave beforehand, you risk alienating your recommenders, will give yourself little time to establish a record of success in your startup, and risk having adcoms perceive you as "taking a step back" professionally. That is, purely from an admissions standpoint, leaving before your application is submitted is likely to raise question marks that hurt your chances.
--Paul Bodine, Great Applications for Business School, www.topMBA.guru/outcomes
mshrek
11 May 2014, 12:27
Kudos
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mshrek
Hi there,
You need to prioritize. What is it that matters most to you at this point in time- doing an MBA or launching your company? Your top answer should help you decide the direction you will take in the following months.
As you are 28 years old, it may be a better idea to get your MBA now. Besides your b-school is likely to upskill you in entrepreneurship and help you build a valuable network that will help when you strike it on your own. Moreover, it will not be possible to mange your venture once you are studying, and working those long logistics will be painful.
Its not the best idea to quit your job for the sake of applications. If time is an issue, you should start preparing your applications now. Even if applications are still not opened, there is a lot of preparatory work that you should do now.
If you do leave your job before /after the application without having a solid reason for doing so, you will definitely get questioned about this. As you do not have any plan in place, quitting your job is completely avoidable.
