During crisis it's especially difficult to part with money even if it's an investment in your education. Why should we take care of increasing your capitalization in the labor market right now? What's stopping us? Is it always only money that we want to save?
1. The employer demands that we spend days and nights at work, scares with the dismissals and the line of those who want to occupy our jobs. There’s no time for MBA.
It is clear what else to expect from the employer because the crisis is his finest hour in relation to employees.
His goal is to make them work at their maximum, to save the business and don’t reduce revenues. What is your task during the crisis? What will happen if in half a year or a year of working like a dog you still be fired? Isn’t it time to think about your future, have a job and a certain level of income and go to study at MBA program?
2. We think that we can’t afford MBA program at the present time. We’ll do it when the financial condition improves.
Everything in the world becomes more and more expensive, apartments, cars, and MBA training too. And usually speed of price increase exceeds the speed of wage increase. Therefore waiting is not an option. It isn’t a coincidence that the highest demand for MBA in Western countries happens during the crisis when people lose their jobs. After all the MBA payment is not an expense but an investment which dividend will be received later after a manager becomes more competitive in the labor market and receives a higher position and higher income.
3. We consider our professional level or work experience not high enough so we will feel awkward in a group of more professional and status students.
It’s a very common topic. Almost everyone, except for arrogant ones and adventurers, tend to assess themselves little bit lower, and others little bit higher. If you think that business schools are full of "effective" top managers with extensive experience in the largest companies, then you are mistaken. Firstly, if they are such highly professional managers, why should they learn? Secondly, professional usually have already graduated from the most famous Western business schools (it’s the issue of prestige, the line in the resume, English). So, who is studying? Those who like you are managers of small and medium-sized companies who want to gain new knowledge, expand their competence, become more confident in their work and communicate with professionals. Also it’s worth to notice that business school is not a secondary school or an university, there teachers do not call to the board and do not give an F.
4. We believe that our job status and the size of our company will look too small in comparison to others.
55-65% of MBA students are middle managers. These are chiefs and deputy heads of departments, project managers and etc. They learn to take the next career step, to take a higher job position and/or increase their income. About 15% of the group are line managers and specialists. By experience they do not feel uncomfortable among colleagues with higher positions. Firstly, often line managers learn better (they have more time to prepare and perform assignments) and secondly, they are often more open and active during discussions (they don’t show off). And finally, they have better chance of being hired by a classmate because there are enough managers but still not enough wise line managers.
5. We think that training will take a lot of time and it will affect our work.
Of course, you should study properly, otherwise, why waste time and money? And yet there are terrible stories that sounds like " I studied for two years at MBA program, I forgot about family, friends, hobbies and everything else". They are sometimes appear in the media and of course they are somehow exaggerated. According to the experience of many MBA students it is difficult only the first three to four months when the students don’t yet accustom to the rhythm of training. Soon usually they begin to rationally plan their time, use it more efficiently. Not without reason after the graduating from the MBA program, many of them can’t understand what now to fill the time that was previously dedicated for training.
DO NOT POSTPONE YOUR FUTURE!
Author Yuri Tazov