<p>I think your business is a big hook. Maybe you should write a personal essay or emphasize your business venture on your resume. But you still need solid GPA, test scores, course selections and extracurriculars.</p>
<p>"How does that help you figure out your chances?"</p>
<p>Are you stupid? Schools usually have a set quota for different ethnic races. MIT may be hard to get into, but that is because more asians apply to MIT.</p>
<p>"I sure hope you aren't going to a school just because there are more of a certain race there."</p>
<p>When did I say that. I specifically remember saying "because I am asian and i want to figure out my chances"</p>
<p>I would assume that Wharton looks for slighty different aspects of an applicant than schools such as Harvard and Yale because students who attend Wharton are already geared towards the business major. However, the differences between the applicants may be too minute to matter. I know that Wharton only accepts 400 people, yet about how many apply? Does anyone know the ED/RD acceptance rates? Again, thanks for the help.</p>
<p>So if your business isn't incorporated, I imagine that you don't pay taxes on the profits and this is an "underhand" business.</p>
<p>If this is the case, it might not be the best idea to promote it.</p>
<p>Kyzan> Being asian doesn't give any advantage in terms of elite university admissions. It either doesn't matter or may at times negatively affect potential border line applications. Its best to not think about it and just give it the best shot possible.</p>
<p>Regarding incorporation> Well s/he can include it in income taxes. Its not going to be held against him, I believe (although incorporation is a good policy in terms of limiting liability etc).</p>
<p>Yeah, if he does pay the taxes, then I would promote!</p>
<p>I run an e-commerce site too... Haha.</p>
<p>I think that the people who would post on a college admission forum have an increased propensity for making money online.</p>
<p>I don't know about that. In total I have found a handful of truly sound businesses being talked about on CC. Most are toys. But its nice to see entrepreneurs on here making good capital. </p>
<p>The internet has basically ushered in an age where people can truly attain success in previously age discriminating business. I mean I doubt anyone less than20 years old was able to move >1MM in USD notional amounts a week during the 80s. This is without the benefit of added infrastructure, and information networks. Rather amazing actually.</p>
<p>Mahras2, yes I know that being Asian hurts my chances of admission to competitive universities because so many of us apply. My dream is Wharton and I do not know anyone who has been accepted so far, making quite nervous for the admissions process. Does anyone know the acceptance rate for ED?</p>
<p>cc77cc, would you mine pming me the link of your site? I would like to express interest in a possible business contract.</p>
<p>Don't know the exact acceptance rates for ED.</p>
<p>Don't be nervous about admissions. Trying your best is all that can be done really. After that application is in the hands of the adcoms there is nothing much left that can be done (other than sending in a 10MM cheque if you happen to have that around). BTW I am classified as Asian Indian so no advantage for me either.</p>
<p>I should note though that one should start a business for monetary/entrepreneural reasons. It should not be started for college admissions. Its rather easy for adcoms to see whether a certain activity is done as a resume filler or not, so the benefits are rather minute.</p>
<p>From my brother who works at Penn admissions: "Asians aren't being rejected from Wharton because they are Asian and overapplying, they are being rejected because the vast majority of them don't have the right leadership/extracurriculars these schools are looking for. There is no quota, this isn't the 60s."</p>
<p>pretty much negates your entire reasoning</p>
<p>"cc77cc, would you mine pming me the link of your site? I would like to express interest in a possible business contract." Wow you're a pretty ****ty businessman to begin with, I'm not so sure of your potential.</p>
<p>Here is the link to the Huntsman program (which generally has tougher admissions criteria than Wharton itself): <a href="http://www.upenn.edu/huntsman/about/boards.html%5B/url%5D">http://www.upenn.edu/huntsman/about/boards.html</a></p>
<p>Heck, Class of '08 is all asian as seen by that page about the advisory board. </p>
<p>Tell me, do you see a lack of asian people. Saying that asians lack the "right" leadership skill is being ignorant and rather stereotypical.</p>
<p>And here are all the Huntsman kids: <a href="http://www.upenn.edu/huntsman/students/directory.html%5B/url%5D">http://www.upenn.edu/huntsman/students/directory.html</a></p>
<p>Still no lack of people of Asian origin.</p>
<p>He's not saying that asians lack the right leadership, he's saying that the asians that are being rejected lack the right leadership, just like white people, and so on.</p>
<p>Well then there is no reason to single out Asians is there. First, s/he makes some assumption that there are "hardly" any asians at Wharton. Second s/he singles out Asians to have a lack of leadership skills. I doubt the leadership activity of Asians and Whites in the application pool is strickingly different.</p>
<p>He was getting at the idea that asians are discriminated against, which was shown to be wrong.</p>
<p>"Asians aren't being rejected from Wharton because they are Asian and overapplying, they are being rejected because the vast majority of them don't have the right leadership/extracurriculars these schools are looking for. There is no quota, this isn't the 60s."</p>
<p>We can either conclude 1. Your brother is a liar or 2. Your're just a dumb@ss, and its looking like number 2. Your argument is the most bullsh$t one i've seen. Vast majority don't have the "right" leadership? Last time i recalled, asians weren't too much different from the average white male cept they were more agressive. Banker88, your an ignorant piece of **** so please stay away from this forum because you have no idea what you are talking about.</p>
<p>Asians live in the same culture, same schools, same friends as americans. Hell, we are americans and some asians have different activities than others just the same as that not all whites have the same leadership/extracirriculars. Last time I checked on this forum, many Asians had numerous capable leadership positions along with an AVERAGE of higher test scores/GPAs, etc. If you ask a REAL admissions officer for any of the top colleges, they will tell you that the asian pool is MORE competitive.</p>