What is the right time to apply for an M.B.A.? This is a question that most prospective MBA students ask themselves. Well, people have different reasons for applying to an MBA program. Some people make the move when they want to pursue different professional goals while others do it simply because it is part of their educational and career goals (we shall discuss more of this below).
As with all the major life decisions, applying to an MBA program also involves and affects anyone closest to you (family and friends). Therefore, check how you stack up to these three factors to determine if the time is right for an MBA.
1. You want to change careers
People change their careers because of different reasons. For some people, it’s because their current jobs do not align with their goals. For others, it’s because of a reorganization or selling of the company they are currently working for. Whatever your reason, an MBA will expand your skills, network, and options.
2. Your career has stalled
Your career can stall due to different reasons including lack of opportunities and industry changes among others. In case you feel you are on a plateau, with very little or no movement up the corporate ladder then it’s time to reassess your situation.
You can enhance your career by earning an MBA. With that, supervisors who seem reluctant about promoting you are reassured that you are a go-getter who will settle for nothing less than growing personally and professionally.
For some industries, an individual must have an MBA to advance to certain upper management positions. Good examples are finance, IT, marketing and international business.
3. You are fiercely goal focused
The time is right if you have a set of educational and career goals that involve the need for an advanced degree to achieve. The information and experience that MBA provides will propel you towards realizing your goals. So, take the first step and apply.
While business schools are there to equip students with the required skills to help businesses launch new products and better the lives of consumers, it is entirely up to you to decide when the time is right to join a business school for an MBA program.