An MBA can open tons of doors for students who are looking to break into careers they never thought possible. The opportunities, the networking, and the access can offer unparalleled career choices to budding MBAs in some of the most exclusive industries in the world. Many applicants struggle to find the balance in deciding which careers they think they should list in their application as opposed to those they truly wish to pursue.
It does not have to be one versus the other. The value of a great MBA program is that you can get pretty close to having it all, but it starts with introspection, self-reflection and research. Before we dive into that aspect, it’s helpful to understand the formula with which MBA programs typically look at your career goals. So lets start with the first formula for your short-term goals. Admissions will determine whether your pre-MBA academic career + pre-MBA work experience + their MBA program will equal your short-term career goals. Now for the formula for your long-term goals which is pre-MBA academic career + pre-MBA work experience + their MBA program + short-term career goals = long-term goals. For both formulas admissions is looking to assess whether your goals are logical given your background and realistic given the expected growth you will encounter at their program. If they don’t feel their MBA program can help you reach your career goals than this is a red flag.
Now understanding that as an applicant you must connect the dots for admissions, how do you figure out what you really want to do? I propose starting very broad; think about what you would do if money or experience were not a factor. Would you work at the circus or in sports or travel for a living? Think about the things you enjoy doing in your free time or that hold a particular passion for you. Next, get a bit more reflective and think about where you excel professionally: is it as a communicator, leader or analytically? If possible, think even from a functional perspective to gain additional clarity. Now, identify the job that combines your personal and professional passions. If you are great at finance, but love sports, maybe a career as a General Manager of a Pro Sports team is the career for you. Take this approach to identify what a realistic MBA dream career would be.
But how do you get to a realistic short-term goal? Just work backwards, start by researching people in similar roles as your dream long-term career. Find out what steps they took to reach these goals and identify what relevant short-term goal would be realistic given your background. Focus on developing at least functional or industry skills through your short-term goal that will allow you to present your long-term goals as a realistic option. If focusing on industry vs. function, focus on whichever you have the least experience in pre-MBA so you are covering all of your bases.
Finding your dream job is never easy but utilizing your MBA to get closer to your long-term career should be the target of every MBA applicant.
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Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants.