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How to Use Startup Experience in An MBA Entrance Essay

When you were applying to your undergraduate college, the essays were all about showing off your diversity and SAT skills. Maybe you waxed poetic about that summer you spent building houses with Habitat for Humanity in El Salvador.

Maybe you even included a photo of the time you won the clarinet competition. Or you leaned on the fact that you worked a half-time job throughout high school to pay for your first year on your own. That was all great stuff for an 18-year-old.

Now that you’re applying for an MBA, and the competition is going to be fierce no matter where you’re applying. Plus, MBA committees don’t care as much about test scores (does it really matter if you’re in the top 10 percent on your verbal?) and extracurricular activities as they do about what you’ve done to prep for the program and degree.

If you’ve been involved with a startup, you’ve already received a crash course in MBA studies and that’s a good thing. Use the six lessons below that you probably learned in the process to get you into that grad program.

1. Match your experience to the course descriptions

This is a great tactic, but don’t make it obvious (in other words, don’t repeat the course descriptions verbatim, but paraphrase them). For example, if one of the required classes is “Digital Marketing,” highlight how you headed up the Facebook campaign for your startup or designed an app that tied in with an e-newsletter you wrote on a monthly basis.

In this instance, you can certainly use the term digital marketing. But if the course is something a little more long-winded, you’ll have to change up the wording.

2. Highlight what you can give

MBA programs aren’t philanthropic organizations that really want to teach you everything there is to know about business. They choose students based on what each applicant can give and provide to the classes, the school, and the university as a whole.

The essay is your opportunity to highlight what you can bring that most other applicants can’t, whether it’s your experience with the 501(c)3 process or how you dealt with foreign clients.

3. Highlight what you can get

That being said, grad schools also want to choose applicants who will get the most out of their program. Show them you know what their courses are about, and make sure the committee knows this is your top choice (even if you have five other top choices).

It’s kind of like during a job interview, where you let the person know you’ve done your research on the company.

4. Describe your innovative funding

As a startup, you probably got a little creative when it came to drumming up capital. You’ll need to do the same thing when it comes to funding your MBA.

What will a committee think of an entrepreneur who’s asking for a full-ride scholarship with absolutely no mention of how he or she has come up with funding for a company? Many essays request a mention of how you’ll fund your education, so compare the funding outreach in your startup to your funding outreach for your education.

5. Showcase your preparation for round two

Being part of a startup is an excellent way to make a lot of mistakes and learn from experience. So why an MBA now? Let the committee know the mistakes you made, what you learned, and how their program can help you perform even better the next time around. Whether or not your startup is successful is moot; it’s all about the journey.

6. But don’t focus just on the startup

The fact that you were involved in a startup should be the foundation of your essay, but it shouldn’t be everything. Like it or not, committees still want diversity.

So talk about that volunteer trip to Ghana. Mention that monetized blog that has nothing to do with the startup. Most importantly, hire a professional writing service to give your essay that magic touch.

What can an MBA do for your career?

This article will explore various routes on how MBAs can sharpen up your skills to become a true, all-round leader of a successful organisation.

According to a recent report by CBS News, a Master’s of Business Administration, is a waste of time and money – this is simply not true. The truth is once you graduate from business school, it’s up to you what direction you want to go. Getting an MBA shows people that you mean serious business about your career goals and you refuse to feel stagnant in your career.

Let’s get one thing straight:  it is not for the clueless or the undecided – it shouldn’t be looked upon as a last resort when the going gets tough.  As these degrees are quite costly, it is best that you have a focused plan mapped out – knowing your next career move, knowing the industry you want to work for and what you want to achieve. If you have some valuable business experience behind you, even better! After all you can bump up your salary to the region of £65-£70K – and that’s excluding bonuses! Furthermore, you can take off anywhere in the world with this, as MBAs are internationally recognised.

So how can an MBA enhance your career? In a nutshell it helps you perfect the existing communication and management skills.  During the program your eyes will be opened to every aspect of a business organisation – sales, marketing, human resources and project management and how these departments work in sync together. Above all, you will be encouraged to think outside the box, to spot relevant and irrelevant information in a split second and how to spot and overcome unforeseeable problems and issues.  You will also be taught how to develop, in the broadest sense, people skills and strengthen existing relationships with co-workers by setting attainable goals. In fact once you have an MBA under your belt, you’re looked upon as a true leader of an organisation!

Despite the world of advantages it brings, there’s one thing you need to bear in mind – once you get that MBA, it does not guarantee a managerial position.  So if your place of work that doesn’t recognise the benefits of your hard work, then it’s time to seek for organisations that see the significance of having the business qualification.  This is where the networking skills come into play: In MBA courses, there are opportunities to mingle with fellow students and alumni to seek out exciting new opportunities. Remember these fellow students are also professionals with potentially valuable contacts.

There is another way of finding out whether the qualification is of value to your desired organisation: look up the bios of current chief executives and see if they hold similar qualifications.

So what’s the moral of this story? If you work hard for your MBA, in the long run your MBA will work hard for you!

Students from India & China keeping the full-time MBA alive!

With applications for online, part-time and executive MBA programs on the decline, the number of students enrolling in full-time courses are being kept high by international students.

The latest results from the GMAC annual survey suggest that business schools in the US are benefiting from an influx of foreign students, particularly from emerging markets such as India and China whereas applications to schools in the Asia Pacific regions are in decline.

Executive MBAs seem to have been hit the worst with less employees looking to further their career through business education. This could be more of a reflection on the employers themselves with less companies willing to fund courses and everybody expected to work longer hours.

So what does this mean for the future of business schools and are they doing enough to attract the ambitious students and employees? Some business schools can appear to lag behind the times when it comes to advances in technology and perhaps this is putting potential students off? Can these large, and often set in their ways, establishments survive in a world where the ways of doing business change almost daily?

Another problem for b-schools is the rise in young entrepreneurs fuelled by the huge leaps made in digital technology in recent years. High profile figures such as Mark Zuckerberg and Elon Musk famously both dropped out of higher education and yet still went on to be incredibly successful and make vast sums of money! Spending 10 years working your way up the corporate ladder suddenly doesn’t seem attractive any more when you can access venture capital money and start something up with your friends and have a ball while getting rich!

It will be interesting to see whether this website evens exists in 5 years, will I have anything to write about?