Would you recommend an MBA to your daughter?
Look at the article posted on our site: An MBA no use for women?
Given this data and your experience, do you think an MBA and a business career is the way to go for women? With higher rates of opting out than medicine or law, would you recommend this career path to your daughter?
MBAs for women
Wow, great question!
As a career coach, I'm often asked "Should I get an MBA?" I really encourage people to consider what they hope to accomplish with an MBA. Having counseled MBA students for 6+ years, and having an MBA myself, I know that a lot of people attend MBA programs because they think it's "the ticket" to a great future.
It can be. IF, IF, IF you have some clear ideas what you'd like to do AFTER you finish the MBA. The MBA degree will not magically help you figure that part out. Yes, many programs offer career counseling, but it's really more beneficial if you go in with some clear ideas of what you want to do next.
That said, you also want to evaluate the MBA programs to choose one that suits YOU. These days, there are specialities, like entrepreneurship and green business and non-profit management. So, select your MBA program carefully.
I don't think that people should choose a career based on a probability that says that MBAs have a higher opt out rate than doctors or lawyers. Any venture you choose, any path you take, has risks.
Do what you're passionate about. That way, you'll have fewer regrets in life.
I completed an MBA...in my case, hoping for my "ticket." I didn't get it. Finally, after 20+ years of holding back my true desire, I finally decided to study psychology and earn a PhD. Along the way, I thought I'd become a psychologist. I loved my training, but hated my clinical internship. Still, I was able to parlay my previous experience in the corporate world with my counseling skills to help people in career change, rather than those needing help with depression, anxiety, and all those related conditions. I don't regret any of the twists and turns on my path. They've helped me feel more solid about who I am.
Again, if you know what you want, go for it. You'll have a wonderful life adventure and you'll get to know yourself really well. You're worth knowing.
Warmly,
Susan
Dr. Susan Bernstein
Coach, Speaker & Author
www.WorkFromWithin.com
www.JobSearchGym.com
Worth a second look
I pursued my masters in marketing research because I was passionate about the work - not looking for a ticket to a high-dollar salary. Admittedly, I was naive about the long term potential for a manageable career. I really thought I could have it all - even if not all at the same time. Re-entering after a career break is a greater hurdle than most women imagine. Finding flexible work, while getting easier, is still difficult. (Thank goodness for YourOnRamp resources).
We know that business careers are, in general, less flexible in corporate America. The work first - at all costs - model is alive and well. By it's nature, medicine as a service industry offers flexiblity - but more so in certain specialties such as family practice and dermatology. Women with law degrees seem to have as many difficulties as MBAs. Women engineers struggle with a male dominated view of work and family. So there is really no path of least resistance when it comes to advanced degrees.
However, an MBA does offer a lot of flexibility in how you use it. Because of the strategic thinking and project work that are a large part of the program, it lends itself to a range of careers from entrepreneurship, to medium sized businesses to the more traditional corporate path.
I would have to think carefully before recommending it to my daughters, though. Mostly I would want them to consider their life goals, interests, and passions (and meet with Susan above).
An MBA is a commitment, but it also creates options. I am all about ensuring a variety of options for the future. I do believe the landscape for flexible careers is changing and that will make a huge difference in the choices our daughters will have available to them.
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