Stanford GSB | Mr. Minority Champ
GMAT 740, GPA 3.7
Duke Fuqua | Ms. Health Care Executive
GMAT 690, GPA 3.3
NYU Stern | Mr. Low Gmat
GMAT 690, GPA 73.45 % (No GPA in undergrad)
Harvard | Mr. Nonprofit Social Entrepreneur
GMAT 740, GPA 3.7
Harvard | Mr. Improve Healthcare
GMAT 730, GPA 2.8
Berkeley Haas | Mr. Wake Up & Grind
GMAT 700, GPA 3.5
N U Singapore | Ms. Biomanager
GMAT 520, GPA 2.8
MIT Sloan | Mr. Low GPA Over Achiever
GMAT 700, GPA 2.5
Chicago Booth | Ms. Start-Up Entrepreneur
GRE 318 current; 324 intended, GPA 3.4
Stanford GSB | Mr. Indian Telecom ENG
GRE 340, GPA 3.56
Harvard | Mr. 1st Gen Brazilian LGBT
GMAT 720, GPA 3.2
USC Marshall | Mr. Ambitious
GRE 323, GPA 3.01
Stanford GSB | Ms. East Africa Specialist
GMAT 690, GPA 3.34
Harvard | Mr. Merchant Of Debt
GMAT 760, GPA 3.5 / 4.0 in Master 1 / 4.0 in Master 2
Tuck | Ms. Nigerian Footwear
GRE None, GPA 4.5
Stanford GSB | Mr. Low GPA To Stanford
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Berkeley Haas | Mr. 360 Consultant
GMAT 720, GPA 3.4
Berkeley Haas | Mr. Low GPA High GRE
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Darden | Mr. Senior Energy Engineer
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Chicago Booth | Mr. Finance Musician
GRE 330, GPA 3.6
NYU Stern | Mr. Hail Mary 740
GMAT 740, GPA 2.94
Harvard | Mr. London Artist
GMAT 730, GPA First Class Honours (4.0 equivalent)
Harvard | Mr. Professional Boy Scout
GMAT 660, GPA 3.83
SDA Bocconi | Mr. Pharma Manager
GMAT 650, GPA 3,2
Kellogg | Mr. Young PM
GMAT 710, GPA 9.64/10
Wharton | Mr. Indian VC
GRE 333, GPA 3.61
MIT Sloan | Mr. Tech Enthusiast
GRE 325, GPA 6.61/10

Is An MBA Really Worth It? Confessions Of A Self-Made Millionaire

Kiip’s Brian Wong

Is An MBA Worth It? Confessions of a Self-Made Millionaire

For those considering an MBA, you may want to hear some advice from this self-made millionaire.

Brian Wong is the CEO & co-founder of Kiip, a mobile advertising company. Wong founded Kiip at age 19. He’s one of the youngest CEOs to ever receive funding from a venture capitalist firm and he became a self-made millionaire at 20. Business Insider has named him one of the “18 Most Important People in Mobile Advertising.” He’s even been listed in Forbes’ “30 under 30.” Wong says if you’re pursuing an MBA for a “safety net” or in hopes that it will give you “direction,” you’re doing it all wrong.

“My whole point is, I don’t want you to take an MBA for all the wrong reasons,” Wong tells Business Insider. “Don’t do something for some weird backup plan… Do something for an intention and I think you’ll get way more out of it.”

For Wong, business is about experience. He says experience is the new MBA.

“The new MBA is the MBA of doing stuff,” Wong says. “Like, going out there, building something, tripping and falling along the way, getting back up. Those are the best lessons that you will learn, especially in the business world.”

Wong is a master of falling only to get back up even stronger. He graduated from the University of British Columbia at just 18 and has gotten to where he’s at from jumping into the deep end. When graduating from UBC, Wong immediately began networking with professionals to seek guidance.

“I was doing everything I could to get as many informational interviews and coffee meetings as I could,” Wong says in an interview with Groove. “I was genuinely curious about what it means to work in a startup. What are the jobs like? What am I expected to do? When you’re genuinely curious, people are willing to help you.”

After networking repeatedly, Wong landed a job at Digg, a social news aggregator. But things went south fast. After merely five months at Digg, Wong was let go as the company went though a round of corporate layoffs. Eventually, Wong, a Canadian citizen, would have to return to his parents’ home in Vancouver after his visa expired. He was unemployed.

“I just showed up at their door,” Wong recalls. “It freaked out my parents; my dad came out with a shovel thinking I was someone breaking in. When they realized it was me, though, they were very relieved. They were caring and supportive and understanding, so it was everything I could have asked for.”

Wong’s big idea came from an experience he had on an airplane.

“I remember seeing people on their phones, and I was like, ‘they’re all playing games,’” Wong recalls. “It got me thinking: why is mobile gaming so popular all of a sudden? And what exactly is causing this adoption?”

Wong realized a big problem in the gaming industry: advertising. He saw advertising in games to be “unnatural.” – “How can something—banner ads and interstitials—be so ubiquitous, and yet so rejected by the consumer?” Wong says.

The realization brought Wong back to the drawing board. He began drafting ideas on alternatives to the traditional advertising method. It was then that he found his idea for Kipp. Rather than shove advertisements down the consumer’s throat, Wong theorized to have brands offer rewards instead. Rewards—such as products and gift cards—would take the place of banner ads inside mobile games.

With $300,000 in funding from True Ventures and two co-founders—Courtney Guertin and Amadeus Demarzi, Wong started Kipp and revolutionized gaming advertising. According to CNBC, the company is on track to make more than $20 million in revenue this year.

For Wong, it wasn’t a formal MBA education that taught him the most valuable lessons in business. It was experience.

“Business, you can learn so much,” Wong says. “There is no life or death. That’s the best part about our industry. There is no life or death and you can learn so much just by doing.”

Sources: Business Insider, Groove, CNBC