MBA

OWNING YOUR CAREER GOALS IN FIVE STEPS

Let's talk about Career Goals for a minute. I want to present a crystal clear five-step process for how to handle the Career Goals aspect of your MBA pursuit.

STEP 1 - HAVE GOALS. Remember, this is not a degree designed for 22-year old applicants, nor does it punt away the responsibility of asking the question (yes, Law School, we are talking to you). The MBA is a career-focused degree and in almost every instance, the schools ask you what your goals are. To embark on such a life-altering process (to say nothing of expensive and time-consuming) without possessing goals would be bizarre. Now, maybe your goals need some refining - particularly in presentation - but if you can't at least decide for yourself what you want to do with your life and why you want to spend $150-200k and two years to get there, you should not be applying to top 10 MBA programs.

STEP 2 - REFINE YOUR SHORT-TERM GOAL TO MAKE SURE IT CAN BE ACHIEVED. We know that just as important as setting goals is the idea of setting realistic goals. If you want to get in shape and you set a goal of running a marathon, great, you are on your way. However, if you set the goal of winning Olympic gold in the marathon, you are probably setting yourself up for failure. Therefore, it's not a good goal. This is especially true when someone else shares in the responsibility for whether you achieve it. Schools share the responsibility for helping you achieve your short-term goal. Nobody bears any responsibility for the achievement of a long-term goal. Nobody is tracking, measuring, or even checking. Too much life is going to happen between now and 10-20 years from now. So when you hear about making goals realistic or having them “make sense,” it’s almost always about the short-term goal, because that is what shows up on an employment report, what impacts career services, and generally has enough immediacy that everyone feels responsible for outcomes. Some ways to check your short-term goal:

  • Look at the employment reports of the school to see if they place people into the role and firm of your choice

  • Consider whether your previous experiences (and resulting transferable skills) put you in position - with an added MBA - to impress recruiters for this job

  • Contact someone in career services (usually at your alma mater) to quickly check your path

  • Ask me to give you a reality check on your goals (important point: don’t try to “brainstorm” your goals and certainly never ask anyone to “give you” goals - you should have goals in place that I can look at and either approve or poke holes in)

    The main thing is you want to be sure that the following equation checks out:

    YOU (and what you have done so far) + MBA (at this school) = ST GOAL.

If it does not, you will get dinged basically every time.

STEP 3 - SELL YOUR ABILITY TO ACHIEVE THE SHORT-TERM GOAL. Normally I would talk next about long-term goals, but we are going to stick with short- term goals for a minute. Just because you figure out a short-term goal that can work does not mean your job is done. Here is a quick case study of a client who received an interview at a top-10 school despite aiming for a difficult transition. He was a task- oriented professional with little outside experience and little by way of management responsibilities (this describes a lot of people, so I am not worried about “outing” this person). This presents a limited platform from which to work, but that doesn’t mean his only short-term goal had to be something connected to his trade. Indeed, if he were to pick a short-term goal in that area, he might fail the “why do you even need an MBA?” part of this whole test. Remember, it’s not just whether the MBA is enough to get you to your goal, it’s also whether the goal is enough to warrant investing in an MBA (rather than just walking down the street for an interview). For this individual, his long-term goals were entrepreneurial, so in the short term, he needed more exposure to business practices and frameworks. He needed to take his upcoming MBA experience and expand on it, in order to continue broadening out and to see what works and what does not in new situations. To gain those 360-degree skills that would enable him to be a successful large-scale entrepreneur down the road, two paths made the most sense: management consulting and brand management. The former would expose him to lots and lots of scenarios in different industries, different geographies, and on different scales. The latter would give him experience with all aspects of bringing something to market. Either would allow him to broaden out the MBA experience of expanding frameworks, widening knowledge basis, and building up his network and pedigree. All good things, to quote the old Martha Stewart Saturday Night Live sketches. So, his work was done, right? Of course not! Just because he thought this was a good idea (or that we, collectively, thought it was a good idea), does not mean a recruiter or - by proxy - an admissions officer will see it the same way. He had to:

  • First, explain the connection. He had to say everything I just wrote above, about continuing to acquire experiences and skills so that he will be in the best position to achieve his eventual goals.

  • Second, highlight the transferable skills that make him a desirable candidate. I wrote an entire blog post about this once and can send you additional details with my Goals Memo (email me at dhoff@amerasiaconsulting.com for the guide), but one of the most common mistakes I see among applicants is that they don’t fill in the missing link and explain the skill set that will allow them to 1) get the job, and 2) thrive once they get it. You can't assume the reader will know what someone in your exact job does and see the connection between projects within your trade and being a consultant or a brand manager or whatever the case may be. You have to identify the skills critical to the ST job and then show that you have them. It’s very simple, yet we would wager to guess that 75% of applicants don't do this. They never say “here is what I will need to be a good brand manager and here is how and when I developed those skills in my current job, through examples A, B, and C.” You MUST do this, whether you are young or old, American or International, a banker or a beekeeper. You can’t assume that the reader will do this extracting and matching for you.

STEP 4 - PUT "YOU" INTO YOUR LONG-TERM GOALS. Unlike with short-term goals, the challenge with long-term goals is not to map out a perfect plan that everyone can achieve collectively. Here, you want to dream big and put as much of you - your passions, your inspirations, and what you care about - into the answer as possible. Think about goals the way Stanford GSB asks you to think about them: “What do you REALLY want to do?” If you say that your ST goal is consulting, you are creating the foundation for just about any long-term goal. You might think it wise to say, “I want to then climb the ranks to become a managing partner” and feel like that is a smart, safe play. Well, it's boring. Worse, it is impersonal. Literally anyone on earth could write that. What do you want to do? Really? If the real answer is to rise through the ranks and become a managing partner, well, why is that? There must be some greater good you want to serve or some burning desire that drives that aim, right? If it is just financial security, is there something in your past that makes that paramount, above all else? There is always a way to make your LT goals about you and that is what you have to do. You do not have to make your long-term goals 100% achievable. You do not have to make your long-term goals about connecting back to previous areas of expertise. You just have to pick goals that are personal and that require this MBA path you are on, at least on some level. There is an incredible amount of freedom in shaping your long-term goals, so be yourself, be interesting, and pick a path that you can truly own.

STEP 5 - OWN THE GOALS. This is the part where perhaps we have come to assume too much over the years and where our case study client seemed to run into trouble. Once he had a path that made sense, ensured that he had achievable short-term goals (complete with highlighted transferable skill sets), had a long-term goal that was interesting and personal, and all of that was wrapped up with a bow in his essays, the mission had been accomplished. When he received an interview invite at a top-10 school, we prepped him for the interview and showed him how to bring that goal narrative through to the interview setting. However, here is where it fell apart. How and why? As best as I can tell, he got unlucky with his alumni interviewer. Instead of hosting a friendly interview, this person demeaned the applicant and tried to poke holes in his resume and aspirations. This is a tough break, for sure, but something that future applicants can deal with. First, if this happens, call the school and ask for another interview. The schools know that there is some risk inherent with a heavy reliance on alumni interviewers, so they won't be surprised nor will they likely refuse your request. Second though, you have to ditch that experience and approach the new opportunity with the same level of confidence you had before. This is where our case study client failed. He got rattled by the first interview and lost confidence in his whole narrative. Now, this is partly because he had bad luck but in equal part because he never truly owned his goals. He was too reliant on me to formulate a plan and he was never strong in what he wanted from an MBA and his life. When you don't own your story (the first piece of advice I give for interview prep, by the way), you can too easily be bowled over by the first raised eyebrow or harsh word. And if you start scrambling to explain yourself or start getting wishy-washy with your goals, it is game over. After all, if you can't sit there proud and strong and say “this is what I want” with conviction, what can you stand strong for? So this is Step 5: own your goals. It's your story, not the interviewer's. It's your life, not anyone else's. If you can't get comfortable with the goals in the essay, rethink your goals until you do.

If you follow the above five steps, you will never fall victim to the pitfalls that have taken down thousands before you. You won't be rejected for asking too much (or not enough) of the school in the short term, you won't lose the reader's interest with impersonal long- term goals, and you won't blow your interview by losing conviction in your own path. Remember that if everything makes sense and follows these steps, nobody can tell you what to think about your life and path.

At Amerasia Consulting, we specialize in turning real-world leadership into authentic, powerful MBA essays.
If you have questions or are interested in learning more about the MBA admissions process, please feel free to set up a free consultation today by contacting us at dhoff@amerasiaconsulting.com or visiting
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Why MBA Programs Love Family Business Applicants

Why MBA Programs Love Family Business Applicants

Your first instinct may be that mentioning your family business on your MBA application is irrelevant, if not detrimental to your prospects of admission. But not entirely. In this blog post, we will examine why family business candidates make excellent MBA students and how to approach your application if you come from a family business background.

What are Transferable Skills and Why Do You Need Them?

What are Transferable Skills and Why Do You Need Them?

Transferable skills are skills that are needed independent of a professional role. These abilities enable you to be successful in any position. Furthermore, they enable you to enter positions, sectors, or departments for which you may not otherwise be fully qualified. There is one universal truth that we have discovered that appears to be largely ignored by the rest of the MBA admissions landscape, and that is the critical importance of adhering to what we call the Art of Transferability. In this blog post, we discuss what transferable skills are, why they are so important, and how to include them in your MBA application.

MFA/MBA Dual Degree Programs: A Rundown

MFA/MBA Dual Degree Programs: A Rundown

Master of Business Administration (MBA) and Master of Fine Arts (MFA) dual-degree programs come in a variety of forms depending on your interests. These dual-degree programs often enable you to complete both degrees more quickly than if you pursued them separately and train you for positions of leadership in your respective fields. In this blog post, we'll go through what to expect and what your possibilities are.

WHY YOU SHOULD NEVER WRITE YOUR OWN LOR’S

WHY YOU SHOULD NEVER WRITE YOUR OWN LOR’S

For one, it’s unethical. But even if you don’t care about that, you run the risk, of looking like a newb, as somebody who does not write a lot of recommendations. Secondly, you run the risk making your LOR's sound similar to each other. Thirdly, you run the risk of the LOR’s sounding very similar to your essays.

Start B-school Apps in Order of MBA Application Deadline Date

Start B-school Apps in Order of MBA Application Deadline Date

You have that list of five business schools you really want to apply to. Now, list your five target MBA business schools in order by the application deadline date. The earliest date should be the first MBA application to be worked on. You may be tempted to work on similar essays in parallel, but this is not advised.

The MBA vs. MF debate

The MBA vs. MF debate

Masters of Business Administration (MBA) equips graduates with a broader skill set and a knowledge base composed of multiple aspects of business. Whereas Masters of Finance (MF) programs are more finance specific.

Michigan Ross Waives GMAT GRE TOEFL Test Requirement for MBA Applicants Due to Covid-19

Michigan Ross Waives GMAT GRE TOEFL Test Requirement for MBA Applicants Due to Covid-19

Due to the COVID pandemic hardships candidates have been facing, Michigan Ross now offers GMAT, GRE, and English language proficiency tests waivers, including TOEFL, to candidates who request them. Soojin Kwon, managing director for Michigan Ross's full-time MBA program also stated that no round 1 applicants will be denied on December 4 (all round 1 applicants will be either admitted or waitlisted), and that any waitlisted applicant may request a test waiver after decisions are released.

The most difficult thing about getting an MBA is getting in (admitted).

The most difficult thing about getting an MBA is getting in (admitted).

Let me be clear: nobody fails out of b-school. Then why does business school have a reputation for being so intense and rigorous?

The toughest part about getting your MBA is getting accepted into the best program.

Thinking Ahead

Thinking Ahead

If you are reading this blog, you are either in the throes of the final rounds, or more likely, are getting a head start on the 2019 application season.  Either way, it’s good to think ahead to August.

The MBA Round 2 Advantage

The MBA Round 2 Advantage

It's the time of year where I start having the "Round 2 conversation" a lot with individual clients. Basically, the idea is that Round 2 might be offering a slight advantage, based on theories of market inefficiencies and so forth.  For years, the prevailing belief is that Round 1 is the best round to apply to business school. While there is no hard-core evidence to suggest otherwise, some common sense may point to a different result.

Should You Care That an MBA Program is Good at Marketing Itself?

Should You Care That an MBA Program is Good at Marketing Itself?

This post is going to feel like its about Wharton, but its not - not really.  I'm prompted to write it because of Wharton, but it is about a larger issue, which is whether or not you should have a takeaway when you see that an MBA program is going all in on its marketing.  Should you read into it or ignore it?  And if you do search out some meaning, is it is good or bad thing when a business school suddenly seems to have hired a new marketing whiz who knows how to game the headlines?  Let's dive in. 

MBA Application Advice: How to Build a Compelling Work History

MBA Application Advice: How to Build a Compelling Work History

One of the most important profile characteristics for any b-school applicant is their work history.

Unlike Law School, Medical School and just about every other terminal degree or master’s level program, business school requires students to come with some kind of work experience under their belts in order to “qualify.”

Business School Culture, School Fit, and Your MBA Experience

Business School Culture, School Fit, and Your MBA Experience

When applying to business school, one of the most reliable questions you will get from just about any institution deals with how you feel you will fit within that school’s culture.  While it’s fairly easy to see if you have an academic fit or a professional fit at a school (by researching their curriculum and statistics for admitted students), it’s far more difficult sometimes to ascertain the “culture” of a school.

Why I like the Economist MBA Rankings

Why I like the Economist MBA Rankings

The latest MBA rankings from The Economist are out and people are understandably freaking out about some of the odd placements that you can find in their list.  Poets and Quants has already done an impeccable job running all this down, so I am not going to try to repeat all the great work John Byrne already did.  But you should definitely check out the P&Q piece on it.  What I want to talk about is why I am happy P&Q ran that extensive post on those rankings (rather than dismissing them) and, indeed, why I am happy these Economist rankings even exist. 

5 Pieces of Advice for MBA Reapplicants

5 Pieces of Advice for MBA Reapplicants

The following are 5 pieces of advice that can help anyone who is going through the MBA application process for a second time.  Finding the energy, passion, and confidence to embark upon any kind of repeat journey can be tough, so we hope this proves helpful and gives you a little wind at your back. 

Applying Round 1? This Year's MBA Deadlines Are Earlier Than You Think.

Applying Round 1? This Year's MBA Deadlines Are Earlier Than You Think.

Normally, once the fireworks go off on the 4th of July, that's our signal to start digging into the apps in earnest, as "October" Round 1 deadlines are a few months away.  However, in recent years, the deadlines keep getting earlier and earlier.  I know I had to really reset my own calendar given these changes, so I figured I'd do a public service and list them out here, calling special attention to the front-loaded nature of the deadlines. 

Always Waive Your Right to View Your MBA Recommendation

Always Waive Your Right to View Your MBA Recommendation

I tell my clients up front that they have to waive their right and that it is not really an option to not do so. Not waiving your right could tell the adcom that you don’t trust your recommenders.  It  could tell them that you are paranoid or overly anxious.

It could tell them that this applicant is a liability.  What happens if he doesn’t get in?  Is he going to go after his recommenders for throwing him under the bus?  Is he going to create more headaches for all involved?  Is the applicant going to create reputational risk for the school?

The adcom would rather just not deal with it.

Round 3 Strategies: UCLA Anderson Beckons

Round 3 Strategies: UCLA Anderson Beckons

We've been running a lot of Round 3 strategies on this space the last few weeks. Why? It is timely, obviously. But also, Round three is just so misunderstood that we find every conversation leads to new epiphanies for our clients. In turn, we pass along the broadest and most helpful of those pieces of information to the general public. Today, we're talking about a specific school that you might want to consider if you are firing off Round 3 bullets. 

Must Read for Reapplicants - A Word of Advice

Must Read for Reapplicants - A Word of Advice

This time of year, we get a huge number of inquiries from students gearing up for the reapplication process.  This makes sense, as this subset of students is often driven to succeed, still hurting from the sting of getting rejection letters, and aware that going at it alone all over again might not make much sense. Here are a few techniques and things we have discovered that can help all reapplicants, not just those who become our clients: