How are family businesses viewed by adcoms for B School?

So for background, I am going to start in IB next year but my family has a very diversified business (6+ divisions, roughly $500 MM+ in annual revenues) and my family has made it clear that it is expected for me to come into the business after 3 years of outside experience with the intention of taking over one day. It has always been an academic goal of mine to go to a top 10 business school for my MBA. (I already know H/S/W are out of the question as a straight, white male). I have really been wondering if working for the family business will disadvantage me as opposed to doing the standard 2+2 when it is time to apply for my MBA.

Comments (7)

Funniest
  • Associate Consultant in Consulting
Aug 11, 2022 - 10:20pm

You're inheriting a 500M business. You've clearly already been handed enough in life that you can now at least do your own research, so please go fuck yourself

  • Analyst 1 in CorpStrat
Aug 11, 2022 - 10:40pm

Dude you're going to be running a business that has revenues of 500M+ a year and you're worried about H/W/S? Go to USC or something and have fun if you want an MBA.

  • Developer in PE - Other
Aug 12, 2022 - 1:58am

They're some top 10 programs that are dedicated to family business types. Do a google search on them. 

  • Intern in S&T - Equities
Sep 2, 2022 - 12:58am

Hbs '23 is ~50-60% white depending on reporting guidelines. If you have good stats why wouldn't you apply? If you get to the interview stage you will probably stand out given your situation.

"You miss 100% of the shot you don't take"- Wayne Gretzky

Sep 2, 2022 - 1:05am
Five Star Man, what's your opinion? Comment below:

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