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There is more than one way to define 'victory'. Depending on what your definition is, pursuing an MBA might be an enabling act, or an imprisoning one. An entrepreneur may find many business skills that are relevant- and make no mistake, although business theory must be updated when new information is presented, that doesn't mean that a 'case from three years ago' is now irrelevant, simply because of its age. In fact it is often when you start thinking this way... that the error of course then repeats. Yet other entrepreneurs may find themselves graduating, having been so saddled with debt that starting a business straight away seems all but impossible.
Conversely many people go to business school claiming they want to challenge themselves, and then simply taking jobs that would have been easy for them to begin with. The Donald Trumps of the world are rare indeed; many business school students instead convince themselves that they are achieving much in life, simply by being "Banking Associate #3539". A comfortable existence, no doubt, but perhaps not what we all grew up dreaming we'd be.
Yet on the other, other hand- some people simply don't care so much about career. They want a comfortable, healthy life. For these, perhaps it does make sense to pursue a comfortable, low-risk, consulting/banking career. Going to business school can hence for some consultants/bankers be a perfect choice too.
Confused? Indeed. For some entrepreneurs it makes sense; for others it doesn't. For some would-be bankers the MBA makes sense; for others it doesn't either. The question, most of all, is: what do you want in your career, and why? Are you the type who truly wants a challenging (which comes with risk) career? Or do you just want a comfortable existence? Do you want a reasonably high status in career as "banker at goldman", or do you want to become the next Donald Trump?
Depending on your answers, and depending on how you intend to get there, business school can be the perfect move, or the worst possible move, for anyone.
This, btw, is why there is no answer to 'is this a winner game or loser game'. There is also no answer to 'are they customers or students'- simply because business school students are both. Some care about the knowledge (eg. potentially entrepreneurs...), some don't (eg. potentially bankers...). Finally, there is also no answer to 'case method vs lecture'- the former works for some people, who are able in certain cases to come round to the 'right answer' through their own thinking. The latter works for others, who prefer to be given knowledge, so that they can reflect on new information.
Always remember, everyone has a certain way of defining their lives, and of success. Don't jump the gun and think about 'how to succeed', before first considering 'what is success in the first place?' For instance, tylergu: yes, if you want to be a manager in his company, which might be reflective of the situation in a top 500 company, getting an MBA is great. But is that what you want in the first place? What if.... you simply want a comfortable life and want to spend time with family? What if... you want to start your own company? What if... your aim in life is to emulate Martin Luther King, and lead a group of people to self-determination? You owe it to yourself to understand who you are.
That is the true value of the process of applying for business school. It's rare that we get to think about who we are. In fact, often the older we get, the more we think, 'no point thinking... let's just do'. Or, 'it's obvious what success is'. Applying for business school- by making you confront failure of your current methods- is one of the few times in life when you can stop to think and reflect about what you are about to do.
Treasure it, even if after going through the process, you come to the realisation that 'business school is not for me'. For the stakes are much higher than "can I get in or not". The stakes here are, "will I live a meaningful and happy life"? |
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