Using an MBA for a Career Change

 In addition to providing a variety of options for individual professional guidance, business schools and student clubs help educate students on industries they are exploring or plan to transition to. For instance, change careers at Harvard Business School benefit from “Industry Weeks,” which are on-campus sessions that provide them with a basic introduction to industries in which they might be interested. They also cover opportunities and trends in those industries and provide advice on how to navigate the job search process in that industry.

For students who have researched their target industry, many schools and student clubs also provide students opportunities to visit companies in that industry. UCLA Anderson student clubs organize “Days on the Job,” which are onsite visits to companies around the world. These trips help students develop relationships with staff, learn more about the company and its recruiting process and what it’s looking for in candidates. Anderson clubs have organized Day on the Job events at companies including Toyota, Zynga, Google, Amazon, Disney and Taco Bell.

Business schools have begun to recognize that for some students, career change has more to do with geography than industry. So, schools like UCLA have designed resources like Anderson’s International Coaching Program for first year international students who want to work in the United States. The program helps students understand U.S. job search and work authorization processes and find American companies that hire international students. 

I talk to a lot of people in their 20s and 30s who have no clue what they want to do -- except leave their current job. Despite the declarative career goals business school applicants write about in order to earn a spot in the class, career services offices know that incoming students can be confused about their professional future. So they have design programs to help them work through that process. Students at Harvard Business School begin the career exploration process even before orientation, completing CareerLeader®, an online self-assessment program designed to help students identify their values, interests and skills in order to figure out what they want to do with their lives. First year students can also participate in Career Teams in order to get peer support to discover or narrow down their career interests. Students meet in a small group to work on exercises facilitated by trained second year students.  

As an MBA, and an MBA admissions consultant, I will be the first person to say that the degree is not for everyone. An MBA is not required or relevant for the vast majority of jobs. In addition, business school is definitely not the place to figure yourself out, as I have heard many people suggest. It is an incredibly expensive way to “get unstuck.” 

Consider the fact that most full-time MBA programs mean that students forgo two years of income and, often, take on tens of thousands of dollars in debt to pay for their education. What happens if you figure out your career goals during the MBA program and realize that what you want to do doesn’t require an MBA? Now you may be saddled with debt, which quite understandably, might motivate you to take a high paying job instead of pursuing the career you really want. I have personally seen this happen a lot. Then, you’re in what may be an equally painful position, which is, "I know exactly what I want to do, but I have to take this detour to this industry that will help me pay off my debt".

Because business school is such a big investment in time and money, and may not really be necessary for your future career, it is important to invest the time to figure out your career goals before you decide to apply to business school. So how do you do that?

If you’ve already read the classic career book, What Color is Your Parachute? A Practical Manual for Job-Hunters and Career Changers, and you still need help, consider working with a career coach. They can help you clarify your career goals and figure out whether business school is even the right choice for you. Career coaches are the new personal trainers. They’re all the rage. The New York Times recently published an article, “Ready for the Big Leagues? Ask a Career Coach.” Professionals are realizing that they to take control of their career development and are using coaches for the unbiased feedback and personal attention that they may not be able to get from their manager or company’s human resources person.

If you are considering applying to business school or changing careers, it may be a good idea to begin the change process by working with a coach. It will cost significantly less than a full-time MBA program! Some companies will pay for coaching at senior or executive levels, which can be very expensive, costing $30,000 or $40,000 for six months. However, few pay for coaching for junior or midlevel professionals, who are the folks likely reading this column.

If you are on the fence about using business school as a vehicle for career change, consider signing up for a short engagement with a one-time fee in order to focus on one concrete issue in a defined period of time. For instance, counSOUL* offers a 3-month career coaching boot camp focused on mid-level professionals (people in their 20s and 30s). You can also find certified career coaches through the International Coach Federation or the Worldwide Association of Business Coaches.

Given the fact that may people change jobs over ten times in their lives, according to a 2010 Bureau of Labor Statistics report (PDF), the process of changing careers - or at least jobs – is something that will be with us all, long after graduation from business school.

*In the spirit of full disclosure, I am a career coach affiliated with counSOUL and Columbia Business School.

About Akiba Smith-Francis

Akiba Smith-Francis has an MBA from Harvard Business School and an MPA from Harvard’s Kennedy School of Government, serves as a Career Coach for Columbia Business School students and other young professionals interested in making major professional and life transitions. Akiba is also a founding member of counSOUL, a consortium of career coaches focused on mid-level professionals (28-38). She is working on a book called Stepping Off the Path: From Doing What's Expected to Doing What You Love and offers a free eBook on the 5 Questions You MUST Ask Before You Quit Your Job. Akiba is also training to become a Martha Beck Certified Life Coach.