Career Change with an MBA

Most MBA students use their degree for career advancement, but nearly 1/4th of the participants chose an MBA program to change their career path. Unlike entrepreneurship where the need for an MBA program is often debated (there are however MBA programs with focus on Entrepreneurship), in other career tracks like consulting, marketing, finance and HR, an MBA program is invaluable. Alumni have vouched that more than anything else, an MBA gave them the confidence during their post-MBA journey. Those who are looking for Career change with an MBA, here are some value propositions:

1) Knowledge means Confidence

The core courses, the electives, the field trips, networking events and interaction with professors and peers, make an MBA class one of the most exciting learning environment. Each tool provides students with the knowledge necessary to make the career switch. Although the initial months can be gruelling and intimidating, most MBAs will learn the vocabulary and processes of the new job function.

2) Learning Framework

More than the knowledge that you gain, a new habit will be created with an MBA: life-long self-learning. Learning does not end with an MBA. The case studies that you picked in your industry might be obsolete in 10-years time. Then what? You have to constantly learn about your industry, its new trends and technological advances. Detractors might argue that self-learning is a personality thing, but with the required reading and discussions in an MBA program, you will develop new habits.

3) Networks

It cannot be emphasized more. Your peers and alumni network are the most valuable aspect of an MBA. Most of the job offers are received through alumni networks. There are many biases. Loyalty with a B-School brand is a predominant one seen among Alumni. If you are from the same B-School, an Alumnus is more likely to endorse you and take the risk. This action is valuable especially when many talented MBAs are competing for the same position in a weak economy.

Is an MBA really required for Career Switch?

It depends on the job that you are planning to take after an MBA. If you have worked with the company for a long time, the management will consider you for a different job function. You have to communicate your career plan with the management and shadow a few projects to learn the details of the new job function. Very few companies take such risks. If you are good as a technologist, it is expensive for them to move you from technology to marketing, unless they value your leadership. MBA certifies that you have the knowledge for the new job function.

Set Realistic Goals

To set realistic goals you should have a clear understanding on the post-MBA career path that you can take. Most Business Schools have career service team that will evaluate your aptitude in your desired job function. It is a good thing that you evaluate all your options before it is too late. With electives, networking events and internship, MBA students will get the chance to learn about the day-to-day activities for the new job function. Don’t be rigid with your post-MBA goals. Embrace new opportunities and find a job function that is satisfying. Money will soon follow.