[joeclark77]

Unless you're targeting the Harvards and Whartons of the world, either should be fine. Graduate schools aren't too picky, they just want to know that you have the ability and are going to follow through and finish. My point was really that you should know for yourself why you want the MBA. Honesty works well in interviews.

Now, if you're targeting a top-10 program, understand that for those schools it's all about the rankings. MBA programs are ranked on things like GMAT scores but also on starting salaries after graduation. What's the best indicator you'll get a high salary after graduation? Answer: you have a high salary before entering the program. If you want to get into a Harvard or Wharton MBA, tell them about your job making six figures at a Fortune 50 company and that you want the MBA so you can get promoted to the next rank of management. Acing the GMAT would also help. No matter what the brochure says, they don't really want dreamers who want to change the world. For those top-10 schools, the full time MBA program is really kind of a showcase to keep them up in the rankings. Then they can cash in with undergraduate tuition, executive and part-time MBA programs (companies usually pay for these for their employees), publishing, and other side ventures.

[hubatrix]

oh so I should be working more on my career at the company rather than my startup, is it? But the problem is in my company on average it takes 10 years to become a manager (with just bachelor's degree) and I within next 2 years I think I can hardly be promoted from R&D Engineer 1 to R&D Engineer 2, will this increment matter or count in anyway? The point is promotion is too farfetched in my company no matter how smart I am. What do you think I should do in such cases? btw thank you for taking your time and guiding this random stranger :)

For this very reason, I had planned to work on my startup more and leverage it for getting admits from top 10 post exit.

[joeclark77]

Well, why do you actually want the MBA? What are you hoping to get out of it? Remember you're going to be sacrificing two years that you could be spending on something else, so it matters. Once you can answer that, I can give you better advice on application strategy.

[hubatrix]

hey, this is my email address [e-mail] can you please drop a mail there so that we can continue conversing there if you don't mind :) Thank you If not we can surely continue the conversation here.