* I am really serious about applying for B-school now. I really appreciate if you would take a closer look at this and give me a piece of heart-felt advice. Since I am debating which consulting firm I need to go for, I wish your consulting would be the one that can take a long journey together with less stress. Thanks.
__________________________ This is my concern! (below)
Dear members,
I recently took a GRE test and it came out really great. That's why MBA choice suddenly came to my mind a lot. Since I have thought about going to Econ MA and use that as a stepping stone to go for top Econ Ph.D. programs, I didn't put too much of an option on MBA. But, since many great schools started to accept GRE score, I seem to have a more option available at this point. Before that, I briefly want to reveal my profile so you folks can give me better evaluation and advice.
-----------------------------------------------------------------------------------
Undergraduate : UCLA Econ (GPA: 3.63 (overall), 3.96 (Econ major))
Before I transfered to UCLA, I got 3.98 GPA from CC.
Working experience : Education (working as an English teacher in a private sector for more than 4 years in Korea. The size of this company is pretty big. They generate around 100 mil revenue a year and stock market-listed.) --> This part is my weak point! How can I explain why I want to go for MBA?
* I published some books relating to English education in the book market. (I don't know this counts well into MBA application process.)
GRE SCORE : Verbal 700 / Math 800 (AWA :5.0) , GMAT : 750 (Using ETS converter)
Status : Korean / In the process of getting permanent residency in Canada (My wife is Canadian.)
-----------------------------------------------------------------------------------------------------------
My concern
Upon graduation from school, I was working in the security firm for just a couple of months and I was burned out and couldn't take it anymore. That's when I took some TESOL courses and got TESOL certificate and came back to Korea (from U.S.) to teach students. In other words, I didn't grab a chance to experience other fields other than education. I was able to accumulate pretty decent dough (I made around 80-100K a year) but I started to doubt if this job can be my long term career around 2 years ago. I started to search for my options and finally decided to go for further education. However, the problem that has bothered me for the past 2 years was not knowing what I really like to do and what I can really excel. I know I love to teach and I love to interact with people. (Interpersonal skills) But, I am not sure I am a great fit for working for finance or consulting, etc.) To be honest, I don't have slightest idea of what they do. That's my biggest concern. I have been pretty well recognized here in this company as a teacher who has brought pretty big chunk of profits and that reflects that I am capable of conveying knowledge pretty well. (That's why vaguely I am thinking of becoming a professor. But, I am not sure that I loved Economics in school. Most classes were fun but I was just busy taking classes and got good grades. (I finished my 3rd, 4th years into just a bit over than 1 year. I kept piling up so many units in order to speed up my graduation.)
----------------------------------------------------------------------------------------------------
My OPTION
1) Pursuing Econ Ph.D. in anticipation of becoming a professor.
(+) I have been told so many times that I am really good at explaining things in a easy and more effective way compared to average Joe. This shows me that I am capable at least in teaching aspect. Professor career sounds pretty good for my long term plan as well. I can work for a long time and pay is not that bad and I can spare lots of time doing my research which I love about.
(-) Since I didn't take many math courses during my school years, I have to go through Econ MA and then Econ Ph.D. That means I have to spend at least 5 or even 7 years in school. That's a long duration of my time that needs to be spent in school. Even though I love teaching, I don't think I am big fan of researching things. As far as I know, researching is a big part of helping you land a job in academia. Another downside of this is that I am 32 years old now and I will be almost 40 years by the time I finish my Ph.D. Wow! Is it really worth it?
2) Pursuing MBA
(+) It is way shorter than getting Econ Ph.D. In addition, you can expose to a variety of things including people from different background. Just in case I want to find a job after school, it is much easier than Econ MA. Decent number of people use MBA as a stepping stone to switch their careers . I have a hope that this can provide me with eyes to see what I am really fond of. (kind of compass in my life)
(-) It is literally too expensive. Most of top schools in the U.S. cost more than 200K. (Including tuition fee and living cost) Since I have a baby and wife, which can go up to 250K for 2 years. Even though I have been able to save up 200K for the past 4 years in my bank, is this that worth spending more than what I have made by working my butt off? (a question mark there!)
What if I can't find a decent job? Since investment is huge, my worry after MBA is also huge. I am not a native but rather semi-native. (My English is good but not as good as native) I am not a US citizen. That also can be a stumbling block for me to land a good job there. No working experience in the field of finance or consulting can possibly make me not as competitive as others in the job mkt. That's my concerns.
---------------------------------------------------------------------------------------------------
To be quite honest, I feel I am a lost ship not knowing where I am headed. I need a compass. Would you please help me out with my decision? I know finally I am the one that decides. However, I can't help but ask some great tips from you folks. I feel like I am willing to pay for this kind of advice. You can just take a look at my thread and let it go, but plz assist me with my concerns and I really appreciate that you have read this long posting. Thanks a lot!
Luke