I am a prospective MBA applicant for SEP 2010 intake. My profile is as below:
->Indian non-IT Male (my family has never been in business), age: 27years10months.
-> 4 year course-B.Des in Industrial Design from a top college (IIT) in India.
->Total 49 months work experience (till Sep'10) with 2 years full time experience in Mainland China as an Industrial Designer (Designation- Assistant manager). Presently looking after company's whole product range's design. Mentoring Juniors & New Designers.
->Best performer in Design team at company for straight 2 years. Have 4 successfully launched products in market (India & Europe). I am getting promoted to Deputy Manager in Dec'09
->2 summer internships in europe (france & Holland) in Virtual Reality.
->Social work- I have periodically donated to organization which cure diseases through Yoga and Meditation. I am also sponsoring school education for 2 underprivileged children. I have taught Yoga to my company colleagues.
->Third language- Can speak intermediate Mandarin (learnt through selfstudy in china).
->In Jan 2009, to fulfill my long-time goal i.e. Self Employment (after many previous attempts & setbacks) , I launched an Export-Import Pvt. Ltd. company(we sell chinese electronic goods) in India with my 2 colleagues. Company's registration, business development, website development, collaboration with other importers, sales, supplier identification etc. were almost single-handedly executed by me . Presently sales are very slow.We are in a bad shape - one promoter (potential investor) already resigned due to personal reasons. Another partner is not serious about going forward (attitude problems, ego problems, lack of commitment).
->Extracurricular: In college I have won several medals in sketching & other creative competitions. Have contested in student general body elections (I lost). Later, I was elected as one of the Student Hostel's Secretaries.
->Published a Conference Paper in Virtual Reality during 2nd year in college.
->2nd attempt-GMAT - 690 (Verbal-33, Quant-50), overall CPI-7.58/10 (last 2 year's UG CPI - 9.2/10)
->My focus is on entrepreneurial track. Ultimately I am aiming for a new set-up/venture through new ideas/technology/innovation/partnerships.
->I have decent recommendations.
Kindly advice about my chances of admission at INSEAD. Also, should I aim for high ranked schools in US, given my low GMAT score?
Best Regards,
-Vikas