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Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
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May 0710:00 AM EDT
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vibhu55
Joined: 19 Apr 2020
Last visit: 15 Mar 2022
Posts: 10
Own Kudos:
Given Kudos: 59
Location: India
Schools: HEC MiM "24 Darden '24 ESADE Fuqua '24 LBS MiM "23
GMAT 1: 650 Q47 V33
04 Jun 2021, 17:07
Kudos
Bookmarks
Hi
Demographic
/ Male, Indian, 22 years old
GMAT
/ Target 700-740 by September [current -600 (gave it by preparing for 15 days to get into Technical University of Munich,MIM )]
Academics
/ 10th grade: 8.6 CGPA
/ 12th Grade: 89.6%
/ Undergrad: Bachelors in Computer science (Hons.) from Delhi University 8.28 CGPA (first division). (2017-2020)(3 years degree)
Work Experience
This is the tricky part - During my bachelor's just after my first year (in may 2018) I started a full-fledged business, a digital printing press to be precise.
I employ 6-8 Employees, my financial sales for 2019-2020-2021 have been around 8-9 million INR each year and I have filed tax returns for the same each year.
Currently possess assets of around 10 million INR in the form of machinery etc as well, initial funding was done by my family and some loans.
My responsibility ranges from selecting the location on set-up, hiring the employees to raising invoices to many sorts of things, in short, I was solely responsible for making sure that the business is a success and has been running fine as of now.
Ownership of the business is on my name.
Extra-curricular
/ In terms of extra-curricular activities
-Member of societies of colleges mainly focusing on the environment and helping economically weaker section.
-I was awarded academic price for securing 2nd position in my batch for first year
(after the first year of my bachelors I didn't took leadership roles in many societies because I couldn't commit to them, business was always challenging and my first priority, I was the first one in the family to ever practise business)
I am looking to target the following B-Schools for the class of 2022
Globally top 30 universities.
I believe that if I had the right connections and knowledge (zero commerce background till now) I would have scaled the business to a much better place, currently studying for CFA level 1 and will give it in Feb 2022. I am planning to sell the business (partially to let off some responsibility) and pursue further education in management.
I accepted that I don't have work experience and aimed for MIM, but now after some research, i realized that I can get into some good MBAs
Now the main doubt is will this Work experience of starting a business during my bachelors get accepted in top Universities if I aim to apply for MBA in Top 30 Universities globally ?
or should I continue to aim for MIM courses only. (if they consider my Work ex, I will have 4-year work ex by June 2022)
In the future, I want to get into Investment Banking (front-end role) or Management consulting to learn the large-scale economics of businesses.
I haven't worked under anyone before so would prefer a 2-year course so I can do some quality internships in the same field.
Demographic
/ Male, Indian, 22 years old
GMAT
/ Target 700-740 by September [current -600 (gave it by preparing for 15 days to get into Technical University of Munich,MIM )]
Academics
/ 10th grade: 8.6 CGPA
/ 12th Grade: 89.6%
/ Undergrad: Bachelors in Computer science (Hons.) from Delhi University 8.28 CGPA (first division). (2017-2020)(3 years degree)
Work Experience
This is the tricky part - During my bachelor's just after my first year (in may 2018) I started a full-fledged business, a digital printing press to be precise.
I employ 6-8 Employees, my financial sales for 2019-2020-2021 have been around 8-9 million INR each year and I have filed tax returns for the same each year.
Currently possess assets of around 10 million INR in the form of machinery etc as well, initial funding was done by my family and some loans.
My responsibility ranges from selecting the location on set-up, hiring the employees to raising invoices to many sorts of things, in short, I was solely responsible for making sure that the business is a success and has been running fine as of now.
Ownership of the business is on my name.
Extra-curricular
/ In terms of extra-curricular activities
-Member of societies of colleges mainly focusing on the environment and helping economically weaker section.
-I was awarded academic price for securing 2nd position in my batch for first year
(after the first year of my bachelors I didn't took leadership roles in many societies because I couldn't commit to them, business was always challenging and my first priority, I was the first one in the family to ever practise business)
I am looking to target the following B-Schools for the class of 2022
Globally top 30 universities.
I believe that if I had the right connections and knowledge (zero commerce background till now) I would have scaled the business to a much better place, currently studying for CFA level 1 and will give it in Feb 2022. I am planning to sell the business (partially to let off some responsibility) and pursue further education in management.
I accepted that I don't have work experience and aimed for MIM, but now after some research, i realized that I can get into some good MBAs
Now the main doubt is will this Work experience of starting a business during my bachelors get accepted in top Universities if I aim to apply for MBA in Top 30 Universities globally ?
or should I continue to aim for MIM courses only. (if they consider my Work ex, I will have 4-year work ex by June 2022)
In the future, I want to get into Investment Banking (front-end role) or Management consulting to learn the large-scale economics of businesses.
I haven't worked under anyone before so would prefer a 2-year course so I can do some quality internships in the same field.
05 Jun 2021, 13:55
Kudos
Bookmarks
vibhu55:
We appreciate you divulging all this information! We are here to help. Your experience of starting your own business is going to be a mixed bag in terms of how the admissions committees view it.
On one hand, it's not going to count as full-time work experience simply because it was not. You were in school when you started it. There's a big difference between having to report to a "job" for x hours per week and doing some on the side even if the latter was very involved.You will not simultaneously get 4-years of work experience on the application and a bachelor degree. It doesn't work that way.
On the other hand, you will get tremendous credit for your accomplishments while in school. The experience of starting and running your own company is a valuable asset in an application, so you should definitely talk it up independent of when you apply.
I am not sure why how taking MIM courses is an appropriate alternative. Do you want to extrapolate?
If you considering the top programs you want to consider applying for the deferred MBA programs. In case you are not aware, those are programs that accept students while they are still completing or just finishing their undergraduate degree. If accepted, they have to work for 2-3 years before taking their seat in their program. They are highly competitive (so a top GMAT score is a must) but it might work for someone such as yourself who has a solid business experience in the bag but isn't quite ready enough for the full-time MBA admissions process.
We are happy to discuss this option and your application if you decide to apply in the immediate future. Please reach out!
https://admissionado.com/free-consultation/
We appreciate you divulging all this information! We are here to help. Your experience of starting your own business is going to be a mixed bag in terms of how the admissions committees view it.
On one hand, it's not going to count as full-time work experience simply because it was not. You were in school when you started it. There's a big difference between having to report to a "job" for x hours per week and doing some on the side even if the latter was very involved.You will not simultaneously get 4-years of work experience on the application and a bachelor degree. It doesn't work that way.
On the other hand, you will get tremendous credit for your accomplishments while in school. The experience of starting and running your own company is a valuable asset in an application, so you should definitely talk it up independent of when you apply.
I am not sure why how taking MIM courses is an appropriate alternative. Do you want to extrapolate?
If you considering the top programs you want to consider applying for the deferred MBA programs. In case you are not aware, those are programs that accept students while they are still completing or just finishing their undergraduate degree. If accepted, they have to work for 2-3 years before taking their seat in their program. They are highly competitive (so a top GMAT score is a must) but it might work for someone such as yourself who has a solid business experience in the bag but isn't quite ready enough for the full-time MBA admissions process.
We are happy to discuss this option and your application if you decide to apply in the immediate future. Please reach out!
https://admissionado.com/free-consultation/
vibhu55
Joined: 19 Apr 2020
Last visit: 15 Mar 2022
Posts: 10
Own Kudos:
Given Kudos: 59
Location: India
Schools: HEC MiM "24 Darden '24 ESADE Fuqua '24 LBS MiM "23
GMAT 1: 650 Q47 V33
06 Jun 2021, 05:17
Kudos
Bookmarks
To answer this
I am not sure why how taking MIM courses is an appropriate alternative. Do you want to extrapolate?
Well Masters in management (MIM) is for students with no or negligible experience (which stands true in my case if my work during my bachelors is not considered).
My main motive is to learn management, to see how companies worth millions run and then manage one in the future, Mba felt like a better option even though the curriculum is nearly the same due to the Value of tag it possesses.
I am not sure why how taking MIM courses is an appropriate alternative. Do you want to extrapolate?
Well Masters in management (MIM) is for students with no or negligible experience (which stands true in my case if my work during my bachelors is not considered).
My main motive is to learn management, to see how companies worth millions run and then manage one in the future, Mba felt like a better option even though the curriculum is nearly the same due to the Value of tag it possesses.
