The MBA. I think it's a great degree for people who'd like to have flexibility in their professional life -- contrasted to a law degree, for example. But we all know that admissions committees want to see clear goals, which demonstrate that the applicant has done some serious introspection, has determined a realistic career path, and will be employable upon graduation.
But what about those of us who still want to preserve our flexibility?
I hope to obtain several things from my MBA. As an entrepreneur and head of a growing business, I need a top-notch education in general management, and need to polish my skills in accounting and marketing in particular. My business will also benefit from the relationships I will make in business school and the creative minds I will be exposed to. I will also learn more about how to obtain venture capital.
But then I'd also like to learn about non-profit management. While my own business is a for-profit, it has as a central goal a socially beneficial cause. This brings it into partnerships with non-profits and attracts people from the non-profit world. I myself would like to transition into non-profit management in the long term, bringing to the socially responsible crowd a sound understanding of business. So this is another big reason for getting an MBA.
And then, yes, I do try to think realistically. I might need a "back-up plan," should entrepreneurship and non-proft management not pan out (imagine that!). That "back-up plan" is marketing. While I don't yet have an explicitly marketing-related title on my resume, I've been doing it for a couple years now running my own business. And I think I would truly love the job. So it's not even so much of a back up plan as it is another great option.
So the question is: Is this too much? Can I articulate these three goals in my essays? Can I say, for example, that I'd like to develop my management skills for the benefit of my own ventures, and then buff up my marketing and non-proft creds for a transition into one of those fields? Or do I need to pick either non-proft or marketing? And finally, would there be any clear disadvantages to picking one or the other? (Would I be at a disadvantage, for example, if I picked non-profit management, as schools might be hesitant to accept someone who might bring down their average first year salary and take advantage of their LRAP?)
Thanks to anyone who read this far! I'd really appreciate your input!