• NEW! FREE Beat The GMAT Quizzes
    NEW! FREE Beat The GMAT Quizzes
    NEW! FREE Beat The GMAT Quizzes
    Hundreds of Questions Highly Detailed Reporting Expert Explanations TAKE A FREE GMAT QUIZ
  • 7 CATs FREE!
    If you earn 100 Forum Points

    Engage in the Beat The GMAT forums to earn
    100 points for $49 worth of Veritas practice GMATs FREE

    Veritas Prep
    VERITAS PRACTICE GMAT EXAMS
    Earn 10 Points Per Post
    Earn 10 Points Per Thanks
    Earn 10 Points Per Upvote
    REDEEM NOW

Do B.schools need proof for family income

This topic has 2 expert replies and 1 member reply

Do B.schools need proof for family income

Post
I was curious to know whether B.schools need proof about your family business income. I want to join my family business after MBA, so would be quantifying some data (revenue/ profit etc.) in my essays. I was wondering if I will need to give them any proof of some kind, in the MBA applications, or at the time of interview / admission.

Would really appreciate any insights on this.

  • +1 Upvote Post
  • Quote
  • Flag

GMAT/MBA Expert

MBA Admissions Consultant
Joined
11 Nov 2011
Posted:
2278 messages
Followed by:
265 members
Upvotes:
660
GMAT Score:
770
Post
You won't need to produce anything specific (unless you are talking about financial aid), but obviously report accurate numbers just in case...

_________________
GMAT Answers provides a world class adaptive learning platform.
-- Push button course navigation to simplify planning
-- Daily assignments to fit your exam timeline
-- Organized review that is tailored based on your abiility
-- 1,000s of unique GMAT questions
-- 100s of handwritten 'digital flip books' for OG questions
-- 100% Free Trial and less than $20 per month after.
-- Free GMAT Quantitative Review

  • +1 Upvote Post
  • Quote
  • Flag

GMAT/MBA Expert

Legendary Member
Joined
18 Apr 2013
Posted:
1088 messages
Followed by:
51 members
Upvotes:
171
Post
Numbers will help but be careful how you incorporate it into your essays. You don't want it to seem unnatural which it might. If possible, describe it qualitatively - not so you can hide numbers, but because you can still give an indication of size and scope without awkwardly throwing in numbers where they might not work!

Bhavik

_________________
Critical Square | MBA Admissions Services

Web | Facebook | Twitter

Sign up for a free consultation today!

We love helping! Was this post helpful to you? Thank us and let me know!

  • +1 Upvote Post
  • Quote
  • Flag
Master | Next Rank: 500 Posts Default Avatar
Joined
19 Aug 2014
Posted:
162 messages
Followed by:
8 members
Upvotes:
23
Post
Hello

As part of your application you will have show documented proof of work experience, proving that you did work at the firm for x number of years. Some business schools do ask for proof of income for the last 12 or 6 months as part of the application. This varies from school to school. Few business schools ask for this data for statistical purposes. You will also be required to show proof of your income at certain schools while applying for scholarships. If you are applying to business schools outside of the country, you will have to show proof of financial resources for visa purposes. In these three cases, you will only have to provide the required documentation after you have been offered admission.

I would suggest you to contact the admission division of individual schools to find out what their requirements are. If you tell me the schools you are applying to, I can let you know if they require this data or not.

Download our free eBook on how to get into a top business school at: http://www.interviewbay.com/mba/how-to-get-into-a-top-business-school-ebook.php

All the best
www.interviewbay.com

Application Reviews and Mock Interviews by Alumni of your Target B-School

  • +1 Upvote Post
  • Quote
  • Flag
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • The Princeton Review
    FREE GMAT Exam
    Know how you'd score today for $0

    Available with Beat the GMAT members only code

    MORE DETAILS
    The Princeton Review
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer

Top First Responders*

1 GMATGuruNY 56 first replies
2 Brent@GMATPrepNow 43 first replies
3 Jay@ManhattanReview 43 first replies
4 Ian Stewart 31 first replies
5 ceilidh.erickson 15 first replies
* Only counts replies to topics started in last 30 days
See More Top Beat The GMAT Members

Most Active Experts

1 image description Scott@TargetTestPrep

Target Test Prep

217 posts
2 image description fskilnik@GMATH

GMATH Teacher

124 posts
3 image description Max@Math Revolution

Math Revolution

89 posts
4 image description GMATGuruNY

The Princeton Review Teacher

82 posts
5 image description Brent@GMATPrepNow

GMAT Prep Now Teacher

66 posts
See More Top Beat The GMAT Experts