GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
WE:Business Development (Consumer Products)
I did exactly that
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06 Apr 2006, 14:12
I quit my job in Feb to do exactly this.
That having been said, I didn't have much of a choice. I was getting up at 5.30, getting to work at 7.30 and not getting home until 9 or 10pm. 5 days a week. There was simply no way to study. I had started studying before I had taken this job, but the 70+ hour weeks quickly made it impossible, and I was far too tired on weekends to do anything of consequence.
It went on like this for six months. Round that time, two of my close friends finished their GMAT and got into Kellogg. Then a third person I know also got in. I had been studying with her 8 months before, and I realized that in the last several months I had gotten no where nearer to my goal of getting an MBA. In the mean time both of my friends, married, got in. This other girl did her GMAT, applied, got in.
I realized that I was months, if not a good year away from going and told myself I'd give it till Feb. If by Feb, I couldnt find the time to study, I'd try to figure something out.
By Feb my day had improved, but only to about 7 or 8 pm. By the time I got home and ate, I was exhausted. So, I decided that maybe, if I just signed up for a class, I'd get one night a week off to go to the class. It wasn't ideal, but it was better than doing nothing.
So I asked my manager if I could attend a course, one night a week, at 7pm. She said "probably not".
I quit the next day.
The last month and a half has been tough - its hard to study every day, and with all the studying I've been doing, I should be doing better. I scored a 640 on the real exam, and just took the second powerprep test today and got a 720. If I can replicate that in the real world, I'll be on cloud nine. I'm happy with the 640 - people tend to focus on the average as being the must get score but the reality of it is - its an acceptable score for any university. That being said, if I can pull a 700 on the real deal, I'll jump for joy.
I have no doubt in my mind that I could not have scored a 640 on the real exam without having left my job - and theres no way I could be looking at a 700 (like I am now). I think I did the right thing, and I found a job last week which starts either next week or the following week. My second try at the GMAT is April 19th, so the timing is pretty solid.
That being said, I also had a fair amount of money saved up, and two or three months off work was manageable. I think the questions you need to ask yourself are:
1) Do you like your job? Are you going to miss it, or are you looking to leave anyway?
2) Do you have six months salary in the bank, or can you cut out enough stuff to make it work for up to six months?
3) Do you have the discpline to study after a long days work or do you find yourself simply too tired?
4) Can you tell a consistent story if you quit?
I'd say, overall, 2 and 4 are critical. I was able to do it because I knew that I could easily explain the move because I'm going back to the industry I was in - something along the lines of "I realized that the banking industry was where I enjoyed myself the most and decided to go back" is sufficient.