AnalmeansLove
Male Feminist
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RE: Seeking advice regarding a career change
(03-02-2016 03:13 PM)Baphomet Wrote: What languages (other than English) ? And..
Is there anything that can be done with your parents to add stability to their position independent of your support? Other Family maybe?
Turkish and a little bit of Kurdish.
My father is disabled and my mother is a housewife. She will not be working. We only have a couple of relatives here. They'll be helpful if I ever need them but their condition isn't much better then mine. At best they'll offer housing for a few months/years. And to be honest I do not want to have my parents depend on others.
I should add that I have enough money saved to not need to work for 2/3 years. So going back to school is a possibility but the choices are endless. What degree would help me the most? It seems MBA is the most recommend route. However it seems only the top 25 schools seem to have the best ROI. And considering I graduated from an OK university and my work experience being far from stellar, I don't think I have a realistic shot at being accepted into one.
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| 03-02-2016 04:03 PM |
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Easy_C
International Playboy
     
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RE: Seeking advice regarding a career change
(03-02-2016 10:42 PM)The Black Knight Wrote: Getting an MBA is not a silver-bullet to a great career. If you have to take out the debt (100k+), you better be super sure the ROI is justified. If you are career switching, most people go into investment banking or management consulting because those two fields are the most open to career-switchers. Pay is solid but the hours and lifestyle (70 hour+ work weeks) are brutal however. Many burn out after a few years.
If you don't see yourself going into those two fields, you have some general management stuff you could do as well but a lot of folks beyond what is mentioned return to their previous line of work in a management role and went into MBA programs knowing that is where they would end up.
The point I'm trying to get across is you better have a very definable post-MBA path to justify the debt load you will take. If you are not taking on debt, then the risk is not nearly as great obviously aside from loss time.
That said, I would focus on developing real skills (programming, trades, etc) vs an MBA (mostly fluff bullshit; you are going for the career services and network access -- which you can overcome to some extent other ways) .... unless an MBA can realistically get you where you specifically want to go.
I would not just go and wing it and hope for the best that things will work out. You can check detailed job placement stats from all MBA programs to see where people go. If you don't see yourself where the majority of people are going, DO NOT GO. You could end up like a lot of miserable MBAs who didn't plan for shit who ultimately have to take a high paying job they hate just to pay off the massive student loan debt.
You already have a skill set (Turkish language skills) that could be parlayed into making some decent money. I would start with that.
Basically, yeah. I've hinted at that in previous posts about it.
Also not all programs are created equal. Some are feeder schools into top banks, others have great relationships in the semiconductor industry, and yet others can easily put you into jobs where you're say, managing plant operations for an industrial company or managing the product launch strategy for a new line of candy bars.
Depending on what you want to do it CAN be hands down the best way. For example, if you want to work in finance, consulting, or jump into marketing roles at certain companies (GE and P&G come to mind) then getting a top ranked MBA is your only real option. For a lot of other jobs its completely useless.
Also keep in mind that "ranking" doesn't really correlate to the quality of instruction. The mathematical analysis skills you will learn at (for example) Chicago Boothe vastly surpass the quality of Harvard's coursework but that doesn't make up for Harvard's "prestige" advantage.
I'm a good example of someone who absolutely MUST get an MBA. My background is as a military officer but I want to move into Corporate Finance. That's almost impossible to transition cold but very easy if you're at a top-20 MBA program.
(This post was last modified: 03-04-2016 01:44 PM by Easy_C.)
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| 03-04-2016 01:42 PM |
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AnalmeansLove
Male Feminist
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Joined: Aug 2015
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RE: Seeking advice regarding a career change
(03-02-2016 04:41 PM)weambulance Wrote: Need more info.
What are you good at? Where do your interests lie?
Do you care about being location independent? Or is there someplace in particular you want to live?
What's your target income?
As to what I'm good at, it's going to sound odd but I'm better at staying in my office all day and dealing with paperwork than interacting with people. My social skills are below average. Was that too generalized?
As for location, I'm in NY about an hour from Manhattan. Another location is Irvine, CA. I have a relative that lives there and can offer me free housing. Any other location would add housing costs to my living expenses so I'd rather not move somewhere else.
I earn 55k yearly at the moment and I want to earn 75k+ yearly with room to grow, in whichever field I enter.
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| 03-08-2016 05:16 PM |
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AnalmeansLove
Male Feminist
Posts: 8
Joined: Aug 2015
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RE: Seeking advice regarding a career change
(03-02-2016 07:13 PM)The Black Knight Wrote: Turkish Linguist.
Not many gigs in all likelihood but you can probably find something that pays 60k+ and if you can get a security clearance, a bit more.
I'll keep that in mind.
For security clearance, I'm a naturalized citizen with a clean record, not even traffic tickets. I'm assuming I'll be good to go?
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| 03-08-2016 05:18 PM |
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AnalmeansLove
Male Feminist
Posts: 8
Joined: Aug 2015
Reputation: 0
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RE: Seeking advice regarding a career change
(03-02-2016 10:42 PM)The Black Knight Wrote: Getting an MBA is not a silver-bullet to a great career. If you have to take out the debt (100k+), you better be super sure the ROI is justified. If you are career switching, most people go into investment banking or management consulting because those two fields are the most open to career-switchers. Pay is solid but the hours and lifestyle (70 hour+ work weeks) are brutal however. Many burn out after a few years.
If you don't see yourself going into those two fields, you have some general management stuff you could do as well but a lot of folks beyond what is mentioned return to their previous line of work in a management role and went into MBA programs knowing that is where they would end up.
The point I'm trying to get across is you better have a very definable post-MBA path to justify the debt load you will take. If you are not taking on debt, then the risk is not nearly as great obviously aside from loss time.
That said, I would focus on developing real skills (programming, trades, etc) vs an MBA (mostly fluff bullshit; you are going for the career services and network access -- which you can overcome to some extent other ways) .... unless an MBA can realistically get you where you specifically want to go.
I would not just go and wing it and hope for the best that things will work out. You can check detailed job placement stats from all MBA programs to see where people go. If you don't see yourself where the majority of people are going, DO NOT GO. You could end up like a lot of miserable MBAs who didn't plan for shit who ultimately have to take a high paying job they hate just to pay off the massive student loan debt.
You already have a skill set (Turkish language skills) that could be parlayed into making some decent money. I would start with that.
With my average education/work experience, realistically, I'm not expecting to be accepted into a top MBA so I can move into IB or Consulting. However what I was aiming with MBA was to move into construction management(at the moment I work in the construction sector). But I'm worried how likely am I to be employed once I graduate, how much will I earn, overall would it be worth to pursue MBA to enter construction management or not. The people I interact with on a daily basis and my social circle is of no help in this aspect so that's another reason I'm posting here and searching online. Does anyone have any experience or even an opinion on construction management?
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| 03-08-2016 05:39 PM |
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