Questions

So, I worked for years in order to build a profile around one goal: Getting into a business school. Everything from my current career to my extra-curricular activities were carefully chosen to build my profile. However, when I had initially planned on pursuing an MBA, I had the financial resources to pursue it. Then, I went bankrupt and now I don't have the resources. Also, I don't want to take on debt. Practically speaking, I will have to find a job instead of working for myself. But, the motivation is simply not there. I feel I need a new ambition, but I can't simply seem to think of what that could be. I have $40k in the bank which will last only a short while. Where do I go from here? How do I motivate myself to reinvent myself? How do I pickup the pieces?

I understand how disappointing it can be to have had a goal for a long time only to have it quashed.

I wonder, what were your reasons for setting this goal in the first place? How would an MBA support your career goals? What would pursing an MBA give you? Do you have a clear plan for how you would have used the MBA once you’d graduated?

An MBA from a good school undoubtedly has value in the world of business; but ask yourself, is it the degree that you’re after - or the education? The prestige of the degree on your CV is one thing, while the act of learning is another. Are there other ways to achieve these same benefits without the MBA?

You mention working for yourself - is starting your own business an important goal for you? If so, I think most people would agree that an MBA is not the way to go. Can you get more relevant experience elsewhere - working for another startup, for example? Or taking on different roles and projects that will build your skills in important areas such as marketing and sales?

If you believe that an MBA is the right path for you, then I would focus on how you can make this financially viable. If this really is your big dream and you are certain that it is the key to achieving your career goals, then this will give you the motivation to continue working hard to make this dream a reality - even if it means a delay as you work and save up the money to be able to finance your studies.

Setting meaningful goals is key to having the motivation to achieve them.

Get in touch if you’d like to work through what it is you’re really after in terms of career goals and to pull together a plan to help you achieve them!


Answered 8 years ago

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