Monday, March 18, 2013, AM | 3 Comments
If you were recently laid off, maybe your previous employer gave you a severance package. Hopefully, you would get a job soon in the field you have worked in or in the field you want to start working.
You would know better than anybody else what position you are in and I mean financially. If you have the money and have wanted to go back to school, this might be a good time as any to apply to a business school for your MBA.
In the mean time, if you get a job offer that you really like, then accepting it would be a better choice for obvious reasons.
And you can go to school part-time after work and probably then your new employer might be able to help you with the MBA finances.
In any case, here is what you can do to handle the application process:
Apply during the time that the school has schedule for
Most schools have several windows in their schedule in which applicants can apply.
In most cases, the deadlines start in November and can go as late as April. So work on that application before the others.
Let your employer know about you applying to MBA school
Whether you have been working at your place of employment for a long time or have been recently employed, your priority should be to let your employer know your desire and intention to go back to school.
Discuss it with your immediate manager first and then with his/her consent, have a talk with your human resources. The sooner you tell them, the better.
In the mean time, put some extra hours on your project everyday
If your employer offers education reimbursement benefits to its employees, then I think, by default, you are eligible to take advantage of it. But the timing may be one thing that your manager might want to talk about.
Be prepared when you talk to your manager and human resources
You have to convince your manager and HR that going for your MBA will in no way hinder in your performance at work in your project and that business school education will enhance your job performance.
Be prepared when you talk to personnel in the admission office
Familiarize yourself with the specific questions each school tends to ask and study the details of your application. Even if the interviewer has only a copy of your resume, he or she is familiar with your application and will have questions regarding career changes or a spotty resume.
Don’t panic if the school put you on a waiting list
Every business school handles students on a waiting list differently. You may be assigned a counselor who will keep tabs on your progress.
In a Nutshell
I did my MBA part-time and as long as I got at least a B grade in courses, my employer reimbursed every cent of the fee, plus 80% of the price of the text books.
So if you have time and the money (personal or employer sponsored) and a cooperative family, then by all means MBA degree will get you not only promotion but more money as well.Facebook.com/doable.finance