4 ms·
The post is spot on but it skips a few considerations which must be highlighted. Specially if you are already in an MBA, like I was. - I just was not sure what
by goatcurious 15y ago
The post is spot on but it skips a few considerations which must be highlighted. Specially if you are already in an MBA, like I was.
- I just was not sure what I wanted to do in life when I signed up for the MBA. The time away from active professional life at business school allowed me to figure out what really matters to me. Yes, I did get time outside of classes, recruitment, and parties for this self discovery. The exposure to some great entrepreneurs who came to speak at campus definitely helped.
- Once I had figured I wanted to be an entrepreneur, business school was actually not a bad place to get started. Stressing on the assumption that I was motivated enough to be focused - the support system for starting up does exist, and it’s not bad. My school had a program modeled after the YC program. I was still clueless so I helped a friend who was in the program: he is running his startup full time now, and is profitable too.
- Now on not losing the last 2 years part. My MBA was sponsored by my consulting employers but I broke the contract. I knew I won't be able to find any time to work on my startup while doing consulting. But this also meant I suddenly had a loan of the entire school fees. I cut down on my lifestyle, and I'm well on track to completely pay off the loan within 1 year (8 months since school, and I’m 70% done). And yes, my corporate job allowed me time to find an idea and actively work on it: I code with my partners; talk to customers; develop content; and we successfully tested out the demo experiment (and now dreaming of getting into YC).
So all in all, MBA can be helpful or can be made irrelevant. You don’t always have to wait.
- throwaway1979 15y agoCongrats on being almost done with the student loan payments! Was the debt in the six figure range? Curious if you have any strategies to share. My fiance has a boatload of student debt that keeps me awake at night :(
- goatcurious 15y agoHey thanks! Yes close to that. I threw in my entire joining & relocation bonus. Had also worked part time in the last semester, that went in too. And now, I have cut down all expenses apart from rent and food (I cook a lot, don't go out drinking).