Thursday, March 1, 2007

Why MBA?

It's too late I know.. but I now start to ponder why am I doing MBA.. The steps I had thought would be the right ones to take do not appear so anymore.. While vacationing in Indonesia, I see people who are successful without MBAs, I see people with mights and guts that an MBA would not prepare me for..

What I also see is a network of people in Jakarta.

And being an indecisive Libra, I start to question my life : Why MBA? Do I really need it? Having been away from home for so long distant myself from my obligations and my parents/ society's expectations on me...

WHy am I wasting my youth in B school, why am I wasting my opportunities in Jakarta for 2 years..

and then all the what ifs.. what if I take the wrong decisions, what if I lose those opportunties..

This is so me.. to impulsively make a decision ( apply to MBA ) without thinking the consequences thoroughly and then worry just before plunging into the decision..

In the past, all I do is just push myself to take the first step to plunge myself over the hill and close my eyes off all other options..

WHY...

7 comments:

Mocha said...

Some time into the MBA application, I thought of the exact same question and had the same concern. Why MBA? Is it helpful for entreprenuers? And I, too, have seen so many successful entreprenuers without an MBA degree in Taiwan.

I think it depends on where you want to work afterwards. In the U.S., an MBA degree does make a huge difference.

~cu said...

hi...

i understand how u r feeling, i myself is a Libra. Quite often, I find myself in the same situation as yours :p, but hey, i believe the 2-yr experiences that MBA will give u is worth more than everything at this moment :) ppl doesn't take the same path in their life journey anyway.

cheers...

Johnny Bravo said...

Wow. It IS a little late in the day to think about whether or not you really want an MBA. However, it's never too late. So you can always bail if you're not sure this is for you. Time's on yer side, tho'. Do whatever's right for you in the long-term. Luck!

ipoel said...

Thank you all for the kind comments.. right now i'm just gonna try not to think about it out loud.. Will still think about it every single minute but haha I don't want to bore you guys

Anonymous said...

The significance, seriousness, and sacrifice of going to an MBA program didn't hit me until I got accepted, which is good because I didn't waste any emotional/psychological energy on what if I got accepted; I was just preparing for the negative response.

What simply floors me is the change in lifestyle: from well off to student in debt, from all I have to worry is 9-5, to working pretty much from sun up to sun down, interviewing, job hunting, networking, and simultaneously doing some intensive/serious dating. Also giving up 80k then 100k next year hurts, instead of being up 120k+ in two years, i'll be -40k in the hole; then you have the stats that show number of years before you break even on your investment by college: if you're lucky 1 or 2years, but more likely it will be 3 or 4 years, An average 28yr old will be 30/32 before he breaks EVEN! I don't even know if these ROIs consider you could have invested this money in bonds/stocks at an average of 8% clip; in the meantime and you will have lost two years of work experience, and have NO guarantee that your degree will be worth anything when you graduate (see CS degree during 2002 after bubble and the oversupply of IT thereafter).

I even thought of a weird alternative to an MBA: 2yr unpaid internship at a TOP firm, you pay for room/board/transportation, you will be lectured and questioned all day, assigned work that will probably be used for absolutely nothing (but hey you'll learn lots of theory about stuff that may or may not apply directly to this current job or future jobs), you will train our coworkers/teach them what you know, hopefully they'll teach you something as well!

Oh did we see unpaid internship? no, actually you have to pay... $20,000 dollars a year! These trainers have to eat.

All of this and you will then LEAVE our firm in all likelihood (unless you want to become a trainer) but don't worry we will have other firms visit us and you can go interview with them and maybe they'll hire you. Good Luck.

Sorry, please tell me I'm seeing this all wrong.

Anonymous said...

Well, to put a bit more positive tone on my previous anonymous post, I got a voice mail the next day at 3:49pm that I like hearing over and over. I am accepted at UT with a full ride. Now my decision is much easier =)
I'm pretty damn happy now. I failed at many other things: finding a better job, getting a raise, failing the CFA. Keep trying, some doors will open, some will open only for a moment, some just won't budge, go forward.

ipoel said...

Hey anonymous.. COngrats on your acceptance.. good to hear that life is taking a turn for you