About 2 years ago I made one of the hardest decisions in my life. This decision has two parts to it: 1. To quit or not to quit my job; and 2. If I do quit, should I get a MBA or something else?
The first part turned out to be pretty straight forward. I was dragging my feet to work everyday and when I’m at work, my morale hit rock bottom. I was chatting online and writing emails to friends constantly asking for their opinions because a number of them ran into the same situation and ended up going back to school for their MBAs. So a decision was made: I’m quitting this job. See ya~
Before I sent in my resignation, I had to think really hard about what I want to do after grad school and hence what I need to accomplish and learn from grad school. My ill-fated start-up experience taught me a lot about running a business and brought out my hidden business side. I took on many challenges and really enjoyed the process and the sense of accomplishment. Okay, so definitely not going back for a master in engineering. Now what? Get a MBA?
I wasn’t quite sure what a MBA is for except that it spells Master of Business Administration. I knew many of my friends were pursuing one. So I began my research by going down the list of some of the most prominent business schools according to the USNEWS ranking. Stanford, Harvard, U-Penn, Chicago, etc, all of them were very dazzling and what amazed me the most was the number of areas they cover in their programs in order to make their MBA candidates successful. I took a step back and thought, well I’m not big on management (at least not yet), I’m really not a marketing/sales person, and I’m not really interested in HR, logistics, PR, operations, etc. So what did I like the most out of my start-up experience? Yup, you guessed it, accounting & finance.
There’s so much involved to start or run a business. You are in contact with numerous entities daily. Vendors, lenders, customers, employees, partners, etc, all of which require some forms of resource going back and forth, which then can all be translated into money. Without a good information system, you go with what you know and hope for the best. However, if you know some accounting or have someone manage and design a sound accounting system for you, then you can base your decisions and strategies on information you can trust. Lastly, if anything, I used to be an engineer and still think like one so I’m very logical and good with numbers. Cliche? Ha, maybe~
So what are you trying to learn in grad school and what are your goals after you’re done?