Most MBA Aspirants look at MBA as a mean to switch career both in job function and in industry. But when do you know that you have reached the saturation point in your career?
After joining your first job, there are three phases before you hit the saturation point
This is the phase where you are introduced to terminologies, technologies, and techniques to solve the problem in the industry. Depending on the industry, this might last between 6 months to 1 year.
Once you have learned the fundamentals and gained experienced through smaller projects, you begin to apply what you have learned. This is an interesting phase. It will test your leadership, problem solving and communication skills. Cherish this phase. If you are lucky, this phase will give you insights into customer problems and goals rather than a narrow scope of the project. This phase can last between 1 to 1.5 years.
You have several smaller projects and a couple of major projects under your belt. Your boss now wants you to step up to the next level. What would you do? You take the challenge, learn new functions, and go through the whole process again.
During the Growth Phase, if you feel that the step up to the next level didn’t exactly match up to the expectation and you are pretty much doing the same thing again and again, more likely for a different client, then you have reached the Saturation Point.
Not all employees feel the same. Lot of them will love the change in responsibility but if you
are a rare few, who is equally interested in the job function, then it is time to think about an MBA.
The problem with career switchers is that the phase when they decide to make a career change might be right in the middle of the saturation point. When you reach the saturation point, then the efficiency in the work will go down. It is not only a loss for your employer but also for your career record.
It is therefore important to predict or plan the career path right from the learning phase in your career. Very few MBA Aspirants actually think about planning their career. They assume that the motivation for the job will remain the same for the next 5-10 years. It rarely does.
Now what should you do on reaching the Saturation Point?
Let us look at some action steps for someone who would like to move from a technical to project management role.
1) Ask your boss for a change in Job Function
2) Tell your boss that you are ready to shadow a project manager and learn about the various processes in project implementation and planning
3) Don’t ask for a hike. You can even suggest compensation based on performance metrics – completing the project within the deadline, meeting all quality standards and achieving customer goals.
If you cannot successfully negotiate with your employer for a job function switch, it is time to prepare for your MBA Application. Now why would you take all these steps before deciding to join an MBA program? The Admission process is a 1-Year long ordeal that involves GMAT Preparation, MBA Application Essay Writing, Interview Preparation, and Funding. You need stamina and long-term vision to go through the process. If you know that you have done everything under your power to make that career switch without an MBA, then your motivation to get an MBA would be much higher.
The motivation to join an MBA program is not only important for the MBA Admission process but also gets reflected in the effort that you put for GMAT preparation and the essays you write. You can’t fake your intention when you have 3-4 essays that tests your motivation. The AdCom can easily see through it. When you don’t score the intended GMAT Score, the stamina to retake the GMAT can only come when you know that this is the only path to reach your goals.
To reinforce the motivation for an MBA looks at the following facts
1) Change in Job Function for 6-8 years exp
In most industries, it will be rare that an employee will be given the opportunity to lead projects after 2-3 years of work experience. It would take 6-8 experience to get such opportunities. This is exactly where an MBA adds value. A 2-year MBA will allow you to buy 1-3 years of your time and would give the confidence to the Employer that you have developed the skills and knowledge to lead a project.
2) Increase in Salary
According to the latest Top MBA Salaries and % Increase data, most of the schools had a post-MBA salary range of $79809 - $192179 and a salary increase range of 60 -201%. When you compare that with the current industry salary increase without an MBA, it is at an average of 10-25% increase every year, after 3 years of work experience.
3) Job Function Switch
GMAT 2012 Corporate Recruiters Survey Report shows that the recruiters are planning to fill 66% of the Mid-Level positions with candidates having an MBA - the highest preference given to one degree over other degrees like Master in Management, Master of Accounting, Other specialized Masters, and Non-Business Masters.
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
IIMA vs. ISB (2017)
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK