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abexman
08-15-09, 07:13 AM
Hello All,

Was hoping to get some advice because I think highly of the opinions of iTulipers. Please share your thoughts, ideas and experience with the below topics:

Here's my story: I am interested in entrepreneurship, particularly in technology areas like energy, nanotech et - other than that I cannot say that my goals for the next decades are crystal clear - to some extent I feel I need to adapt to market conditions. I am not sure I will stay in sales forever. During the past decade I planned to ultimately get an MBA. I had made preparations for going to MBA school several years ago, starting with taking my GMAT test. I did well on those tests after a lot of study and now I only have a few years to utilize that effort since most schools only look at scores within the past 5 years.

The biggest reason for me to get an the MBA is for credibility (with potential employers and investors) and connections. I had discounted the value of an MBA previously until I started talking to a lot of investors and being within their sphere. In what I witnessed in my exposure to startups and early stage companies over the past decade, you got instant cred with investors when you had an MBA from certain schools. Also, if you wanted to go work for an early-stage company in a business role with some financing, it was very difficult without an MBA. I also felt that there was a big difference between the big-name schools and the second tier in terms of where it would get me, but not in terms of price. In other words I felt I should shoot for the top and not easily accept a second tier school. There's a lot in the name of a business school.

Granted I think the next few years, possibly longer, will not be an entrepreneur-friendly environment here in the US. I guess I should have started reading iTulip earlier because in my process of slow and careful planning for my MBA the economy fell off a cliff. When I went to apply to 2 highly selective US schools last fall the competition was obviously more intense than ever. However, perhaps this is a blessing in disguise. The last 6 months has clearly revealed the weak state of the American long-term economic future to me. I don't think Europe is going to be much better - especially from the perspective of an entrepreneur. It seems Asia is where the future will be brightest over the coming decades.

So, I am now considering looking to Asia for an MBA. I certainly would prefer to stay in the US as opposed to moving to Asia. However even if I got an MBA in Asia and returned to the US, I imagine connections to the Asian business community will be very valuable no matter where you do business in the coming years. I guess where I feel a little lost is in trying to determine the quality of business schools in Asia. There does not seem to be the same consensus, fwiw, about schools abroad as there is here in the US. Hong Kong seems like it might be a good fit. I am only truly fluent in English at this point but would be happy to learn another language. I am curious if anyone has any experience or knowledge of these schools?

International Side by Side MBA School Rankings:
http://www.bschool.com/intlsbys.html

jk
08-15-09, 09:37 AM
i know nothing about bschools. however, you did not address the possibility of developing your career in place. you're in an interesting, high growth potential business right now, especially in light of itulip's thesis about the future of energy costs. are there ways to advance, learn new skills, gain more responsibility and, presumably, compensation within your current job, or more broadly by changing jobs within your current or some closely related industry? is there a related business you'd like to start yourself? perhaps you've already considered this and dismissed it for some reason[s], but if so, you should articulate your reasoning.

BiscayneSunrise
08-15-09, 10:53 AM
Just a quick note. your line of thinking is pretty much right on. You might also consider INSEAD in Singapore. The course is half in Paris, half in Singapore. It is a top tier bschool and is a pipeline for McKinsey. More later.

BiscayneSunrise
08-17-09, 06:26 AM
abex.

Your background in engineering can be used as a differentiator when applying for schools and jobs. Some consulting firms like people with varied backgrounds because it gives the firm a diverse world view and capability to handle different problems for the clients.

Is the competition for Asian schools more intense that US schools? It is hard to beat the pedigree of a top US school but as your school ranking showed, INSEAD is ranked 3rd worldwide. Not a household name in the US but among those who know, INSEAD is tops.

It probably wouldn't hurt to perhaps get a masters in some advanced technology subject as well. It would make for an unbeatable combination.

abexman
08-18-09, 07:46 PM
Hello, thanks BiscayneSunrise and JK for your thoughts. A few additional comments on my part...

As to why not develop my career "in-place"? I have thought about this, and my thinking is:
1. My GMAT test scores will no longer be recognized by most schools within 3 years. This will be a significant waste if I don't utilize the test I took and the chances I will score as high as I did last time, I don't think will go up over time.
2. Age - many people tell me that the longer I wait to return to school, the harder it is to go back. I assume most people mean that once they have a spouse and family it becomes difficult. I do not plan to have a family in the near future but I have not ruled it out.
3. In short, While I believe the energy field is a high-growth field, I am not sure it's the same kind of boom from the 90's. Therefore I don't think the opportunity is as promising as it sounds. Energy will be high growth in cerain niches but I am not convinced it will be high growth for as broad a market as people believe. The kind of investment that chased Pets.com and similar just ain't there for energy businesses. It's a much tougher market to be an entrepreneur in than the internet boom. I think most of the growth and "stimulus" money is going to well established companies with significant R&D or manufacturing capability, and not startups. In the market I am in, I rely on real estate companies and other building owners to make investments in energy projects. The crash of the FIRE market is not helping convince those kinds of businesses to make re-investments in making their properties more efficient. I think these services will grow in acceptance over time but there is also fierce competition and great incentive for all kinds of business that are hurt by the crash of FIRE to get into energy - construction firms, architects, civil engineering firms, electricians etc. I believe it's one of these situations where there will be plenty of winners 5-10 years from now, and many more losers - so where do you place your bets?

I would ideally get an advanced degree in an advanced technology but my brain has become very business-oriented and I am not sure I can stomach an advanced technology degree. My first round in engineering school was not that enjoyable. Besides that, technology is so quickly obsolete these days - precisely why I have tried to keep my education broadly focused (I chose mechanical engineering as an undergrad as opposed to the hotter major, computer science, at the time). I cannot rule it out as a good idea but I am not sure I want to commit the time and effort at this time.

touchring
08-19-09, 12:30 AM
Me thinks an MBA in Asia is a bad idea. The MBA is an american invention. Asians are just following and coming up with similar concepts.

abexman
08-19-09, 03:08 AM
Touchring, sorry if I am not articulating well.... I agree with you that the MBA is a US invention. For this reason an MBA in Europe does not seem right to me. Still I think the actual classroom learning is secondary. As stated, my original intentions were to pursue the MBA for credibility and connections for a long term career in high technology entrepreneurship here in the US - not for classes. However what I envision for the long term is changing, and not for the good here in the US. I am beginning to wonder that an MBA used to "learn China/Asia" might be more valuable than my original intentions. Long term either the US is going to need to compete with China/Asia much better here in the US, or the opportunities in China/Asia (or at least by doing business with that part of the world) will be far more fruitful than anything I can expect within the US.

In short, we Americans need to learn a thing or two from the Asians, so perhaps an MBA there would give me a different kind of education.

touchring
08-19-09, 11:14 PM
Touchring, sorry if I am not articulating well.... I agree with you that the MBA is a US invention. For this reason an MBA in Europe does not seem right to me. Still I think the actual classroom learning is secondary. As stated, my original intentions were to pursue the MBA for credibility and connections for a long term career in high technology entrepreneurship here in the US - not for classes. However what I envision for the long term is changing, and not for the good here in the US. I am beginning to wonder that an MBA used to "learn China/Asia" might be more valuable than my original intentions. Long term either the US is going to need to compete with China/Asia much better here in the US, or the opportunities in China/Asia (or at least by doing business with that part of the world) will be far more fruitful than anything I can expect within the US.

In short, we Americans need to learn a thing or two from the Asians, so perhaps an MBA there would give me a different kind of education.


Varsity education in China, and Asia at large still lags behind the US, especially with respect to business administration. If you noticed, many top Asian executives had done their MBAs in the US.

abexman
08-20-09, 06:04 AM
Varsity education in China, and Asia at large still lags behind the US, especially with respect to business administration. If you noticed, many top Asian executives had done their MBAs in the US.

This is my impression too of the business education in Asia. Is the Financial Times Bulllsh*ting when it shows schools like Ceibs, Hong Kong UST, Insead's Singapore program in the top 20 schools in the world? :confused: I had never heard of these Asian MBA programs before so I have to wonder about why FT thinks they are so strong.

<cite>http://rankings.ft.com/pdf/global-mba-rankings.pdf</cite> (http://rankings.ft.com/pdf/global-mba-rankings.pdf)

I can understand that many of the world's executives get their MBAs in the US because their aim is to "learn the US" as much as get their MBA education.

My aim was to get into a top tier school (Top 10) in the US but given the competition from all the laid off investment bankers I might need to aim for the best name school I can get into. As I said, I think name is so important for these schools - especially if I am getting it to build credentials.

Maybe the best strategy is a second or first tier school in the US and take Mandarin on the side or pickup on of those Rosetta Stone softwares! :)