badgalriri
Hi everyone! I work as an M&A lawyer at a corporate law firm and am looking to transition into M&A consulting immediately post MBA. I am still trying to understand what are the various long-term goals that can be realised by taking the route that I am planning to.
Will appreciate your inputs on the same. Thanks in advance!
Hi badgalriri,
I am impressed that you dug out an old but relevant thread to ask your question.
Let me explain what the long term goals mean, that may give you a framework to think about them and find your path.
While the short term goals loosely encompass a period of 0-5 years after MBA (your post MBA job), the long term goals define an 8-10 year timeline after MBA. B-schools expect MBA applicants to have aspirational goals for the long term. They are keen on admitting future business leaders who leave a mark in their organization/ industry/ country/ region. So long term goals can be lofty. Think of the large scale impact you wish to make through your career- this could be related to tackling a challenge you have seen in your industry/country, or riding on an emerging opportunity (These are only two examples. you could have your own reasons). Ideally, your long term vision should help business and/or society.
In your case, think of the impact you wish to create in the long term.
Next, figure out how can you best create that impact? Ask yourself the following questions- which kind of industry/ company / position will you work in to achieve that impact?
Then, understand how the short term goal will align with this. What skills, knowledge and experience will you gain in the short term career that will prepare you for the long term goal.
Addressing these 3 elements will help you come up with the right goals statement.
Let me point out, goals setting is not easy and requires considerable research and conversations with people who have been on a path similar to the one you wish to take. Working with a consultant can help as they can help refine/ correct your ideas. Even if you do work with a consultant, I would encourage you continue doing your own bit of research
My second advice is, that don't mistake lofty goals with unrealistic goals. A very common example is when applicants want to do some NGO related work in the long term without having done any volunteering all their lives. The adcom has no reason to believe them.
I am sharing a sample from one of my lawyer applicants, just to make it clearer to you:
2. What is your desired position after Kellogg? (150 characters)
Consulting at a firm like BCG and Bain, preferably in their PE practice where I will leverage my M&A and advisory experience to create value for clients.
3. What is your long-term career goal? (150 characters)
Establish and grow an Indian consulting firm to service the growing mid-market companies in India
(this should be backed by reasoning in subsequent essays)
Namita Garg,
https://mbadecoder.com/services/free-pr ... valuation/[email protected]