In 2014 I embarked an executive MBA which had been a lifelong ambition. From a young age and living in remote Zimbabwe, I was impressed by our very clever neighbour who had an MBA and worked for the UN. He saved people and I wanted to be like him. The day I started was one of my happiest days. My second happiest day was the day I graduated.
The journey took up most weekends, crippled my social life; my bank balance and my relationship. I wasn’t joking when I said MBA School could destroy you.
When you attend MBA School you learn some great things and meet great people. The entire experience was great. It is not the immediate effect of MBA School that destroys you or affects your bank balance. In most cases a career development loan and some sponsorship satisfy the short term. It is in fact the aftermath of an MBA that will destroy you.
Completing my MBA gave me the confidence and arrogance that I could take on anything. With that I threw away a great city job, a flat in London and moved to the countryside with my two sausage dogs. I setup my own web design, web marketing and web analytics consultancy. The focus was new business start-ups. I wanted to help people make their dreams a reality and enable them to quit the rat race. With eight years IT experience behind me I thought had enough business acumen.
The web consultancy did well and I won new business every month. The problem was this new business did not pay London salaries. I found myself over spending and living beyond my means. Being an entrepreneur was meant to be cool and glamorous! On near bankruptcy I returned to London (commuting), to my loyal city career which had me back.
The web consultancy is now run by a business partner. What almost destroyed me has also made me a better, humble person. I now appreciate my city job and have a new found energy. Having attempted entrepreneurship, I prefer being employed (sorry MBA school, being a Zuckerberg is not everyone’s dream).
My advice to anyone doing /completing an MBA is: use your new found knowledge wisely. Plan your finances post your MBA.
In addition, the UN is run by accountants who save money, not lives.
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