KarloNorge
Hi,
This might be an unusual request, but at the moment and I am out of ideas and I thought who to ask better, than the person dealing with MBAs for a living.
I'm at a career cross-roads at the moment, and I want to make sure I am making the right decision, and not daydreaming and making misinformed and wrong conclusions about what effect an MBA might actually have on my career.
I've read countless posts, forums, talked to people, but it seems I still can't wrap my head around how to, for the lack of a better term, properly switch careers.
I'm a 30 years old, currently working as a Marketing & Communication Director at a small company (think <10 people) who deals a lot with startups, accelerators, incubators, investors, VCs, etc. I've been at this position for almost 3 years.I also hold a Master's Degree in Public Relations, and Image, Brand and Identity Management. I do not like what I do, at all, and I have to do something to not get stuck in a position I do not want, gaining even more experience in something I am not interested in. I am sure a lot of people have experienced the same thing.
I am, however, very interested in business, business development, investments and management, and looking at different universities and their respective MBA curriculums, that's exactly what I want to study and do. I would use this MBA to pivot my career closer to business and business development and management, and move away from marketing/communication work.
My question to you is, being a PR/PolSci major, is it a pipe-dream to think an MBA will significantly contribute to me changing careers? I'm asking because as you all know, an MBA is both time and money intensive. I know it can't hurt having an MBA on your CV, but for that price tag, I'd want a bigger effect on my employability. It is worth mentioning that only online options work for me since there isn't an MBA available in the city I live in, or even the country (there's one that offers an EMBA, but wasn't even ranked globally), and I can't really afford moving and not working 1-2 years to attend the full time version. Doing Bachelor's in BA, and a Master's right after that is also not an option since I can't really afford quitting my current job and be unemployed for at least 3 years while I'm studying. I'm based in the EU.
I've read a lot of articles and forum posts that emphasize the networking aspect of doing an MBA as the most important thing, and subsequently the biggest negative of the online version. I do not seek to be employed by a huge company right out of the gate. What I am hoping this MBA would do is help me acquire knowledge and skills necessary for pivoting my career and opening doors towards more business/management related roles, and potentially further down the line, with some additional education, land a position in a VC fund.
I can also rephrase the question a bit. What jobs can I expects with an MBA if you mostly ignore my journalistic graduate degree, and to a degree my experience since I have not been doing a whole lot of business development in my current position?
I'm also thinking about MSc in Innovation and Entrepreneurship from HEC Paris and then and MBA after that.
Am I being naive here?
Any advice is greatly appreciated. Thanks!
Hi Karlo!
Your questions/concerns are some that many folks have, and are not naive at all. You've got a lot here, so I'm going to try and get straight to the point:
Your type of profile is one that is extremely common for those looking to get an MBA. You've got good experience in a field that you no longer have interest in and are looking to pivot career trajectory. I'd say the majority of folks who do go to a top MBA fall into this category. While an MBA is not cheap, it's an investment that pays off over the long term and the debt burden that people take on is one that is paid off relatively quickly compared to other types of student loans.
To your point about an online MBA: for someone looking to switch careers, I would not recommend this option at all. An online MBA is meant to be more of a buffer for those who are still working to polish their business skills or learn new ones at their own pace while continuing to work their current job. The firm may have recommended it, or the individual may simply have capacity to do the coursework on the side. The networking and career-building opportunities that a full-time MBA are know for are simply not built in to the online MBA.
If you were to decide to pursue a full-time MBA, you'll be happy to know that schools don't necessarily care about your college major. What they care about is your experience and who you are as a person. As a marketing and communications director, you've likely got great interpersonal skills, which is something schools love to see. Soft skills are just as important as hard in the workplace nowadays.
You have ambitious plans, and eventually going into VC will require both a solid full-time MBA and a bit of patience with your career trajectory. You already have one Masters, so I'm not sure you would need another from HEC Paris. I understand the financial burden of an MBA looks daunting, but the opportunities the degree opens up are endless. You basically become a blank slate to a lot of recruiters who are looking to hire highly intelligent, motivated people, without bias towards past experience. I think you should at least think about it, and I'd be happy to help walk you through some of the financial aspects of the degree.
Feel free to reach out at
[email protected] to chat more. I think you're in a good position to begin thinking about a full-time MBA, as it will get you on the path that you are looking for!
Regards,