Hi Devashish,
I am sharing my observations
devashish2407
I have taken a break from my job due to multiple reasons.
Firstly, I wanted to be with my family. My father was diagnosed with dementia, which caused a lot of stress in the family, and I had to return home to support them.
This is indeed unfortunate and I hope you have his medical needs under control now. I can understand how managing family members' health is very overwhelming and its a good thing you were there for your parents when they needed you. When you apply you can explain this in your essays. Sadly, dementia is long term, so once the situation settles down, you should think of getting back to work. You may have to set up the needed support systems to do so.
devashish2407
Secondly, I have been planning to pursue an MBA for almost two years. However, working in a startup has made it difficult for me to focus on my application and GMAT preparation. I believe an MBA will help me transition my career into finance, and I want to dedicate proper time to my application, which was not possible while working with my current company.
Adcoms do not expect you to quick your job for taking the GMAT or for writing the applications. So when you do finally apply, don't even give this as a reason for the career break
devashish2407
Thirdly, I wanted to take a break to introspect on what I truly want to do. This introspection is part of my MBA application essays. Everywhere I look, I see that knowing what you want is very important, and I realize that I am still figuring that out. Although I am an Electrical Engineer, I pursued this path due to family pressure. However, I have always been interested in finance. I have a stock portfolio with multiple multi-bagger stocks, and I initially took a job in IT hoping it would help me transition into finance. Now, I am not entirely sure if finance will make me happy; with some research, I have found that consulting might be very interesting to me. Thus, I decided to take a break for introspection.
You don't need to quit your job to introspect on the future career path - it has to come from within. Once you know what you desire, you will have to do a reality check- do you have the experience or transferable skills to succeed in the role you have in mind. Finance is a very vast field, and in the application you will have to give very pin pointed answers. Here's an example:
1. what kind of companies do you want to work in?
2. Which area of finance and in what kind of role will you work? (some areas being: investment banking, trading, equity, corporate finance, retail banking, wealth management to name a few)
3. why will you be suitable for this role? what is your past experience or skill set that will help you succeed?
4. will you be an attractive candidate to these companies?
Answers to these questions will not come to you through your introspection alone but by talking to people who are doing these jobs, current or recent MBA students who have been through the hiring cycle, and by reading up industry experts blogs.
I'll also point that investing in personal stocks is not a very strong reason for building a case on transitioning to finance as a career. The skills you require in the finance areas I have mentioned above will be very different from what you would require to maintain your personal finance.
devashish2407
But I really want to know that if this career break will create additional problems in my application and what can I do to tackle it?
Yes, it likely will, depending upon how long the career gap is. I would try not to go above 3 months. You should get back to your job as the family situation allows. You can study for GMAT in the time from now until it takes you to get back to work (factor in the time to job hunt).
Namita Garg,
Founder,
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