AlexMBAApply wrote:
"Long-term goals" is only useful for essay writing.
Outside of the essays (i.e in reality, off the record), practically speaking look at schools based on your short-term goals and short-term goals only.
Because in the long-term, two likely things will happen:
(1) You will end up in a completely unrelated career or life. It happens more often than you think. 10-15 years after you graduate, you may end up doing something completely unrelated to your initial industry of choice, or perhaps even completely unrelated to business. It's more common than you'd think. It's called LIFE. You get married. You change jobs and cities for your spouse. Your parents or your spouse's parents get very old and sick, and you move to be closer with them (which may mean taking on a completely different job or career altogether). You get fired or laid off. You plateau in your industry of choice, get bored of it, and decide to start over doing something new (i.e. you decide to open a restaurant). Your children have health issues or your children have some special talent (sports, arts, etc.) that either compel or require you to make a very different lifestyle choice or to move to the location that is best for your children. You become a stay-at-home dad/mom. You start your own home business. You become a teacher. And so forth. Whatever it is that you cannot predict, something BIG and SIGNIFICANT will happen within 10-15 years that will cause your life to take a completely different turn -- not necessarily good or bad, but different and something that you never would've expected. The business school "goals essays" tend to force a linear progression in terms of career planning, but in reality, careers like LIFE are never linear. Something *big* will happen, and the further out it happens, where you went to b-school (or whether you have an MBA or not) won't matter in helping you make that transition.
(2) When you're in your 40s and 50s (that's "long-term"), you won't care really where you went to school in your 20s. B-school has nostalgic value much like your high school or your alma mater. But by the time you're that far removed from your 20s, your b-school will have little to no practical value. You're not going to be trolling your alumni database to sell your wares or "make contacts". If you need to mine your network, most of it is going to be people you've dealt with within the last 5 years. Moreover, *others* won't care about where a 40+ year old professional went to school in his/her 20s -- again, at best it may have nostalgic value (i.e. worth a toast of a champagne glass or beer), but from a practical standpoint it won't have any real bearing on business decisions -whether to hire you, whether to invest in your business, and so forth. This may be hard for many applicants to appreciate - because they're falsely assuming that everyone in their 40s and 50s has the same mentality and attitude as they have in their 20s. The only way I can help you appreciate this is being the one having to give a high school kid advice -- certain things that may seem like life and death, or at least hugely important with big stakes as a high school student will seem like nothing to you now in your 20s or 30s because you know that the high school kid isn't going to have those same values or perspectives once they're your age.
Again, when it comes to school selection, focus on how it will help you in the short-term (first 5 years out of b-school).
Makes a lot of sense
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Updated on: 05 Oct 2010, 11:54
