Having a family business is an extremely rewarding and fulfilling experience. The business is built through many generations that will last for years. Often to achieve business goals an additional education such as an MBA can be an added plus point to take your company to the next level. However, sometimes it is not always easy to consider an MBA program when you work for your family business and plan to continue on working for the family.
Mentioning your work experience on application essays, and interviews can sometimes get awkward when it’s connected to your family business. But that does not mean that it should stop you from getting an MBA degree! Many MBA applicants who come from a family business make the experience work as an advantage. After all, nothing can be tougher than working for the family.
Admission into an MBA when you come from a Family company represents a couple of difficulties. Many are concerned that their unconventional background may risk their MBA admissions prospects while competing against applicants from the same kind of organizations. Indeed, this is a typical misunderstanding that top B-schools incline toward family business candidates, this isn’t true; candidates with family business experience give an exceptional viewpoint and perspective to the schools, which one ought to stress in your MBA application.
Does someone with business experience have a competitive advantage over other applicants? A few candidates apply for MBA programs following finishing their four-year college education or getting a required amount of work experience, and here is where they miss the mark. In any case, having business experience will without a doubt separate you from the group, as it demonstrates that you are enthusiastic about what you want to learn, whereas non-traditional backgrounds have less experience and on the ground experience, which gives candidates a benefit over different candidates
The capacity to showcase yourself, your abilities, and what you will offer to the MBA program is essential for every successful MBA application. The applicant should convince the admissions committee that they would have been just as productive in a business that their family did not control; a candidate should highlight how working for the family business offered them to face the most challenging situations and possibilities than you would have attained.
Exhibiting the candidate’s professional experience; considering no family recommendation in the application is a huge assignment for the possibility to portray in their essays. Hence, passing the admission team about your commitment on to the organization all through your tenure, What are your initiative ideas that assisted the organization with development? These are a few vital pointers to be helpful to confirm your experience.
There’s no reason to overthink it. You can add it to your resume like you would for any other business. The name of the organization, work title, years of experience, and work achievements. Whether you decide to disclose that you’ve worked for a family business depends on you. Your resume is an opportunity to share all that makes you the most ideal candidate for an MBA application. Assuming that your experience working for your family-run company has given you applicable experience.