Showing posts with label For Current MBAs. Show all posts
Showing posts with label For Current MBAs. Show all posts

Is MBA really useful in the work place?

After writing so many posts questioning the value of an MBA, I figured I should write something about whether or not I find my MBA useful at work. The short answer – YES, the bigger question – is it worth $120k in loans? I don’t know yet, definitely not if you want to start your own company.

Firstly, you get more responsibilities just because you are an “MBA.” This is not fair to others, but the ground reality is that your boss trusts you more if you have an MBA. Of course, you will eventually have to deliver and show results. Having an MBA definitely gives you an edge.

Secondly, MBAs are better at dealing with difficult situations and managing people. I spoke with so many people during my job search and I could tell just by talking to someone whether or not they were an MBA. MBAs were more professional, asked better questions, and provided better information. I guess they had done enough networking themselves to understand what a student is looking for. This is not to say non MBAs weren’t helpful, but I had to be a little more direct with them. For example, if I am looking to get my resume forwarded, I will never directly ask an MBA to do that. I will talk about my interest in the company and the MBA will automatically understand my intention. With non-MBAs I had to be direct – “Would you mind connecting me with someone or forwarding my resume?”

Lastly, MBAs are much better at managing teams. May it be smaller things like leading a meeting or bigger things like dealing with a difficult employee, I consistently saw that MBAs were better equipped to handle these situations.

Please note that I am not saying that *only* MBAs can handle these things, I am saying that MBAs are better equipped to handle such situations. The question you need to ask is whether a $1200/month loan payment for 10 years is really worth this training? Unfortunately, only you can answer this question for you.

Using LinkedIn for your job search ***IMP***

I will share my job search strategy that worked for me. This strategy applies to off campus search.

1. Make a solid LinkedIn profile. Fill the summary with keywords. HR people don't understand S*** about things. They are told to look for candidates with X, Y and Z skills. So make sure your resume and your LinkedIn profile has these X Y and Z keywords.

2. Get at least one recommendation from each job (very important). Try to get a total of 4.

3. Profile pic - include a pic in your profile. Let people see your personality.

4. Add some spice to your profile - I added my blog and my reading list. Almost all interviews asked me about at least one of the two. You will hit a jackpot if you are reading a book that the interviewer likes or if you blogged about something s/he is interested in:)

5. Join groups - join groups of your industry. For example, I joined groups like Internet Product Mgt, Silicon Valley Meetup, etc. Join all HR groups. This will put all HR people in your group.

6. Your profile should have a theme. If I read it, I should be able to tell what industry and function you are interested in.

7. Start contacting people on LI. Let us say you found a job in company ABC. Look for people in ABC and if possible for people in the department you are looking for work for. Send them messages.

8. How to write messages. Do NOT ask for a job. Your messages should be really short. Tell them you are interested learning more about ABC and that job position. And that you want to have a short phone conversation with them. Thank them for your time. NOT more than 5 lines. You will be surprised how well it works.

9. The phone conversation - start by thanking them for your time, then "tell them about yourself" ask about the culture, what they like most, and the last Q should be if they can help you with the job. MOST people will say fwd me your resume. There you go you hve hit gold.

10. Repeat till you get a job :)

My thoughts on MBA 6 months after graduation and a job in hand

A lot of my posts earlier had been about how useless an MBA is. I still have doubts on whether or not its worth $100k+ of debt, but I will say that its not totally useless.

In the past 6 months, I have spoken to a LOT of people at different companies as part of my job search. I consistently saw that MBAs were easier to net with. They understood that I was looking for jobs and got to the topic right away. It was a little difficult with engineers, they just did not get the concept of networking. Many were like, "Why don't you talk to the HR about this?" After a few calls I decided to just ask for a recommendation from them. Some said yes, some said no (which is fair because they didn't know me).

I felt that MBAs were better talkers, they could address their issues and concerns about my application in a more clear and professional manner. They were better networked at the company. MBAs really understood the business side of things. I had to explain ROI to a few engineers, man it was the worst experience ever.

I just want to say that I am NOT suggesting that engineers (I am one myself) are not smart, am just saying that MBAs are better positioned to handle the business side of things.

So overall, I will say that MBA has some value, and definitely a lot if you are on a scholarship and do not plan to start a business. If you want to start a business, do NOT get an MBA. Not that it won't help, its just that your time and money are better spent on your business.

Now as far as an MBA being worth $100k+ in debt.... I don't know the answer to that question... yet.

The key is know what you want from your MBA. Don't just take classes and get good grades to get a consulting job. Focus on *learning*.

I am employed!!

I am happy to write that I am employed (finally). I got a job offer from Next Jump in NYC. It is an online rewards/loyalty programs company.

So what got me this job offer?

1. Luck - Yes, I will be the first to admit luck played a big role. One day I was sitting with a few friends complaining about graduating without a job. A friend of mine, Vivek, suggested I attend the TechCrunch Disrupt conference in NYC. I was like alright why not. I attended the conference and met a few people there. One of my friends I met here recommended me to Next Jump and the rest is history. I should say that these friends I had made were not for networking purposes, which is why I am calling it luck. We just happened to be on the same volunteer team and ended up talking.

2. My Blog - I am a big fan of blogging. This blog (TCM) helped me get my summer internships. Both my employers said I got their attention because of this blog. Getting back to NxJ - After a few months of the NYC conference, I had an interview in SFO and wrote about it on my blog. One of my friends from the conference read the blog and told me she was in SFO as well. So next time I was in SFO we met and talked about my job search, and she recommended me to NxJ.

3. MBA - Yes, after all the crap I have written about MBA, it was helpful in getting this job (another post on MBA useful(less)ness soon). They were looking MBAs with a technical and entrepreneurial background. I fit the role pretty well. Their interview process was very different. It was on a Saturday from 10am - 7pm. I had one leadership presentation (individual), 3 interviews, a networking lunch, and a team presentation. There was a lot of public speaking involved. And I thank my professor Tim Flood for that awesome communications class. I aced my presentations, and interviews went well too.

So take aways from this experience - networking is important for off campus job search, do something different like blogging, good public speaking always helps, and pray for a little luck.

Job Search: Strategies I wish I knew before starting my MBA

My job search began in April/May and is still going on. Here are a few things that worked for me and a few things that didn't. Hopefully they can help you with your internship/job search as well.

What worked:

1. A different resume format. Most top schools have a resume format they want you to use, and you should use it for all on campus search. However, I did not really like that format and always thought that if a recruiter gets sooo many resumes with the same format you are just losing your chance of standing out. I decided to go with a different format for all my off campus search. I got much better response after I switched the format to a one that was more aesthetic.

2. LinkedIn. I cannot emphasize enough the important of this website. It is THE MOST IMPORTANT resource you have available. I would say even more important that your school's career website. The first thing you need to do is to make a profile that is professional and get some recommendations. I got so many profile views after I updated my profile and got recommendations. Upload a professional (but not geeky) picture of yours and add as many people as possible. Your linkedin profile should tell a consistent story. For example, if you are interested in product management, join prod mgt related groups on linkedin, your previous job titles and job desc should be prod mgt like. You will miss out on a few opportunities that are not prod mgt, but trust me this way you will get better leads.

3. Cold Calling. I looked up people on LinkedIn and started emailing them. I used a simple 3 line email - Hey I am a recent grad interested in XX position at XX company. I wanted to speak with your regarding this opportunity... thank you appreciate your time kinda ending. Thats it!! It worked wonders. I got so many calls I had to increase my cell phone plan.

4. Do something different. If you are are looking for jobs in the tech industry, don't be afraid to do something that's different and unconventional. I started a blog hireanshul.com. Most people are like no thats nor professional or whatever. The truth is I get so many views because of this blog, I have also received emails from HR people saying they liked my blog. Its a good way to be different. A blog might not be the answer to your problems, but try to find something that is different and creative. I am not sure if this would work for ibanking or consulting. You might want to talk to those people before doing something like this.

5. Location. If you are a tech person - SFO is the place to be. Most people won't even look at a resume if it has an out of area address. For finance its NYC, for oil and gas Houston. Find your location and look for schools there. The reason they don't look outside is cuz there cities are very big and have plenty of talent. Why would they hire someone and pay them for relocation when they have someone local available?

I will post later about the problems I am facing. Hope this helps. Keep these things in mind when choosing your school as well.

My interviews... so far...

I figured it is a good time to share my job search progress. I graduated in May and basically started my job search in May as well. Ih have been on the market for about three months have am really happy with the progress. No offers yet, but lots of interviews. Here's the list of companies: -

Amazon - reject after 1st round.
eBay - reject after 2nd round.
Dell - waiting to hear after 1st round - most probably a reject.
Salesforce.com - reject after 1st round. These guys were a bit weird... they interviewed me for a marketing position and half way through the interview they were like we are actually looking for a general manager, the job description was wrong. I was so mad because all my answers were marketing oriented.
Reply.com - the company decided to close the position. I had 2 rounds with them and they had invited me for a 3rd round.
ReputationDefender - Reject after 5 rounds.
Teachscape - waiting to hear from them after 5 rounds.
Rackscape - 2 rounds and waiting to hear from them.

And there were a few more companies...

Most of these companies were on the West Coast... so if you looking for a job in a tech company... WC is the place to be!

No posts during the holidays

Hey guys,

I will be traveling for the holidays so will not be able to post anything until 2nd week of Jan. Have a happy new year!!

Anshul

Canada or USA

Hi All,

I am back to USA from my exchange at McGill university in Montreal. Three months just flew by and it was a great experience. Here is my comparison of the two countries:

1. USA has a lot more opportunities even in this time of recession. However, if you are not interested in consulting and finance, your opportunities are limited. Plus, lot of companies are not willing to hire internationals.

2. I thought that UNC was a much better school than McGill when it came to commitment of students and quality of professors. However, I found that McGill's culture was very warm and the program staff was more helpful than UNC's especially for international students.

3. If you plan to immigrate, then Canada is the way to go. Life in Canada is the same as it is in the US and immigration is a lot easier. USA has pretty much closed it doors for Indians and Chinese, unless you dont mind waiting 5+ years for your green card. However, if your plan is to work in the US for 3-4 years and then go back home then USA is a better choice than Canada because it has more to offer.

4. I felt that Canada is more accepting of immigrants. There is more diversity in Montreal and Toronto. I felt more welcomed in Canada. I always heard people say that Canada is more accepting but I never thought it was going to be true. I was a big pro-USA guy, when I have give this one to Canada.

5. Canada is cold!!! so if you dont like the winter, better stay south.

I think thats pretty much it, if you have more questions please ask and i'll do my best to answer them :)

Should Indians Consider US for their MBA?

Many Indian students come to USA with their MBA dreams every year. Some are lucky enough to get great jobs and without much trouble, but most of the students have to work twice as hard and live a very stressful life until that job offer is in their hand. Why does this happen? These students are just as smart as their American counterparts, they work just as hard in fact harder than them. Then what is it that makes life so stressful for Indians?

The answer is H1-B and the Green Card. If you are amongst the ones who just want to get experience and go back home, then you should not be that worried because once you have a job and H1b you are more or less fine. Others who plan to settle in the US are pretty much screwed. The wait times for a green card are ridiculous. EB-3 category has a wait time for 7 years. You cant leave your employer or get promoted in this time. EB -2 category (for jobs that require a masters) has a wait time of 4-5 years. The catch here is that masters is required, and many jobs just "prefer" an MBA dont require it. Which means that you will have to apply in the EB 3 category. Yes there are workarounds where you can get promoted but the point is that your life will be very very very stressful until get that card in your hand. I have seen people waiting for their green card, and it makes me so sad to see their situation. Employer will harass them just because we cant really do much, they will see others move ahead, and their personal life gets screwed because there is a lot of uncertainty.

So what is the solution to this? Unfortunately there isnt one, unless you go to immigrant friendly countries like Canada. I myself am in Montreal at the moment to check out the country. So far I really like the country, but then its not USA. I know this doesnt help, but this is the reality. Here is my take, if you have never been to the US or are not very keen on living in the US, do consider Canada. Great country, super cool people, and enough opportunities.

If you are in my situation and have spent a lot of time in the US and have a good network there, it makes sense to give EB 2 a shot and apply for immigration in Canada as a backup. I have about 3-4 months left in Canada, and trust me I really want to like this place sooo much that I am certain that I can leave the US and settle here. Life would be so much easier. I dont want to spend the sleepless night trying to get a job, then trying to persuade the employer to sponsor a green card, and finally being able to get a green card. Thats about 5-7 years down the drain. Is it worth it? Only time will tell.

Get started on your career choice early

We all write about our long term and short term goals in our admission essays. We work hard to convince admissions ppl in b-school interviews that this is exactly what we want and our entire life we have been working towards it. Finally, our hard work pays off and we get admitted into a good b school.

You would think that after putting in so much thought, one would be sure about his/her goals. It is amazing to see how many people are still not sure about what they want (including me) after getting in. I still remember that on our first day, the dean asked us, "How many people still want to do what they wrote in the essays?". Only a few hands were up.

There is nothing wrong with being undecided, but the sooner you know, the better it is. Here it why. Let us say you are confused between Finance and Consulting and you try to pursue both in the beginning. By doing so you will burn out very quickly, because the preparation for i banking and consulting is completely different. Your networking will be very different too. You will only have time to go for one career trek (a short trip to various companies where you meet alums), so you will have to choose. In the end, you will be left in the middle with average prep for both industries.

Now think about the other scenario, you know you want to be in marketing. You start preparing your resume and interview answers accordingly. You connect with the right companies and alums at those companies. So, by the time internship resume offs happen, you will be all set and ready with your story.

I switched my career choice from venture capitalism to private equity to consulting to marketing to the internet industry. Yea, it was BADDD!!!! I wish I had decided early on that I wanted to be in the internet industry, I would have a much better shot at my target companies.

Well, its too late for me, but you guys should get started on what you want to do right away.

Ask Me a Question

I thought it would be a good idea to let you readers ask me questions. These questions can be about profile evaluations, general MBA experience, pretty much anything and everything regarding an MBA in the US.

Post your questions as comments and leave your name so I can address my replies to you. Thanks :)

ps: leave your email if you want me to inform you when I have answered your Q.

About Me and True Confessions of an MBA

When I was applying to business schools, I always wondered what life would be during an MBA. I always wondered whether what the schools and current students say is true? Cuz no current student would talk bad about the school, no admission person would talk about the bad things either. So where can I find the truth? Unless you have a close friend finding the truth is almost impossible. The worst part about this is that, if I had known a few things before starting an MBA, plan of action would have been very different.

Now that I have completed my first year, things are not very different. I keep wondering about life after the MBA. Are all the things faculty and alumni say true? No faculty will really say that life after MBA sucks, and no alum will say that working at XYZ company is bad. If I can know what the reality is, I can plan for things accordingly. Sadly, there is no way to find the truth.

So what is the solution to this problem? I think this blog might be the answer for future MBAs. I will write this blog and talk about the real MBA experience - good and bad. I will cover things that I wish I had known, and things from my everyday life here in the US so future MBAs and read and make informed decisions. I will also write this blog after graduating to current MBAs can read and see what life is like post MBA.

I am currently a first year (well a 2nd year now) student at UNC's Kenan Flagler Business School.

Hope you guys enjoy reading my blog.

Anshul