Showing posts with label Personal. Show all posts
Showing posts with label Personal. Show all posts

Tuesday, June 2, 2009

June....

The calendar has turned to June. Summer is starting soon, the weather is finally getting some regularity (no more thirty degree temperature differences in a 24-hour span!), and lazy times are descending. I'm in my last 28 days of working at my current job and as I transition things I find myself with tons of free time. I think I only have five more deliverables!

In terms of school, I've started taking stock of what else must be done. I see health insurance forms, medical history and physical to be completed, pre-term work yet to be announced. I wish it would all start now so I can get going, instead of waiting around. Some of my future classmates have already moved to Winston-Salem and I look forward to joining them next month.

One thing I've noticed is that I've stopped following the new applicant bloggers (class of 2012), instead focusing more on the current students and my fellow admits. I'm very thankful that JulyDream has continued to update her blog throughout her internship, otherwise I wouldn't have much to read!

Tuesday, May 26, 2009

What A Weekend

Sorry it's been over a week since I last posted. Not a whole lot on the MBA front. I studied my budget pretty hard core and decided that getting rid of my current car is probably a good idea. There's not a whole lot of room for large car payments in an MBA budget! I also started filling out my Master Promissory Note from my chosen lender. Exciting stuff, eh?

Memorial Day weekend was a blast! As I have too much vacation/personal time left, I took off Thursday for Charlotte. What followed was a crazy weekend of too much golf, too much drinking, Lebron James hitting a miracle three-pointer, an Indians come-back win over the Reds, a piggyback ride gone horribly wrong, an escaped Pomapoo, and a near death experience on the West Virginia turnpike. Needless to say, I needed more recovery time than I gave myself.

Next up on the MBA front is to finish my Master Promissory Note so that I actually get money from the government, finally take care of the living arragements, and begin to go through what I have, what I'll bring, and what I'll need to buy.

Wednesday, May 13, 2009

Why I Decided On An MBA

This is a post I've wanted to make for a long time, but I think it took me actually going through the process to gain a better understanding of what I meant. It allowed me to more clearly articulate how I arrived at the decision to get my MBA. Essentially, I'm answering the Why MBA question, after the fact and without the limits of a normal essay.

My undergraduate experience was different than most students. I spent two years at one school then transferred into another; however, while I received time credit for what I did at School A, I didn't receive course credit. That meant I would need to retake English, foreign language, math, etc. And I was paying for it myself. I didn't have four more years to restart college! So, I doubled up my course loads, did full summer sessions and managed to finish School B in two and a half years. That's good, but I missed out on a lot of stuff. I never got to go abroad, never took spring break or summer trips, or had the opportunity to take a class for FUN! I missed that.

Cue to that first job, that first paycheck and a sense that college paid off. Cue to a worried feeling of being typecast into a certain job function. Cue to panic over the sense that, despite a degree in business management with a focus in marketing, you find yourself writing SAS/SQL code for eight hours a day with little responsibility or management potential. Cue the fear of being stuck.

In late 2007, that fear grew into a desire to change myself, to step out of the rut I found myself in and do something about it. I spoke with family, friends, work associates, crazy drunks at the bar. Over time, the thought of going back to school and getting my MBA crept into my head. I started looking into it more, reading up on the GMAT, selecting a wide range of schools that interested me, narrowing down that list once I realized they were pipe dreams. By January of 2008, I knew the MBA was the right path. Each little nugget I read, each website I scoured, the lights would flash in my head: MBA!

I felt an MBA would serve two purposes. First, it would allow me to have a real college experience, albeit one a bit more structured. I would start on the same level as everyone else, striving to the same goal at the same time. I'd have the opportunity to go to China or Japan or wherever, visit companies and learn about things I was actually interested in! I'd meet people with common interests yet diverse in their backgrounds. The social and cultural implications fascinated me; I couldn't get enough of reading about the experiences of people already in school and how much I wanted to be a part of that.

Second, an MBA would help solve my career crisis. I could spend two years refining what it is I'm meant to do. Should I be a brand manager? Is corporate strategy more interesting? Does the nomadic lifestyle of a management consultant strike my fancy? Can I actually handle quant-based courses? I'd leave with my masters, with a new set of skills and the knowledge that would allow me to succeed in whatever venture I so chose.

All of these things piled up on me and kept me focused throughout the application process. An MBA almost made too much sense, it solved all my problems in one fell swoop. I couldn't NOT go. I couldn't suppress that desire. I HAD to make it happen. And happening it is.

So, that's my MBA story. The time is right, the desire is there, and I'm ready to get started.

Tuesday, May 12, 2009

The More Things Change

Not much really going on the past week, hence no updates. 49 more days until I'm done with work, which is awesome. I got a chance to play some golf over the weekend, and I find myself wanting to play more and more. I know golf is an effective business tool and I'm definitely looking to improve my game. In light of that, I'm heading to Charlotte over Memorial Day weekend to visit my brother and play a few holes. I realized I still have six personal days I need to take from work before I'm done, can't let those go to waste!

The look of the blog has changed a bit. First, I changed some colors to be closer in line with the black and gold of Wake Forest. Second, I removed the Hit List of my schools, replacing it with a calendar of upcoming dates. There you will see what trips I have planned coming up. I'll have more updates soon.

One thing I did want to bring up: if you have been admitted to a school and know 100% that you will not be matriculating, PLEASE let that school know in a timely manner. There are thousands of people in Waitlist Purgatory who die a little more each day, waiting for an update. If you know you're not going, help out the waitlisted kids and withdraw.

Monday, May 4, 2009

Welcome to May

The calendar has turned to May. What does this mean for MBA applicants? It's pretty much the end of the line for Class of 2011 hopefuls. May is the final round for decisions, so if good news was headed your way, it'd be there by now. Myself? Well, I got an interesting status update at UNC today. I had previously been waitlisted in January and March. At that point, I decided Wake Forest was the choice for me. However, I forgot to actually let UNC know, even though they requested a decision from me several times. So, I get the email, log in to my account, and see that they have selected me for the "Final Waitlist." They mentioned they are oversold for this year, which makes you wonder why they'd continue to ask people to stay on the WL.

I'm committed to Wake Forest. I've paid my deposit, visited twice since getting admitted, met some very cool people and am excited about starting my life once again in Winston-Salem. MBA admissions are never easy. There's no roadmap, no Excel spreadsheet about why or how decisions are made. Why would Carolina, after telling me too many kids sent in deposits, ask me to continue to hold out on the waitlist? Even after I ignored their emails about notifying them about a decision? I don't get it.

Other than that wrinkle, I picked my final work date and let both my current boss and my soon-to-be-new-boss-from-the-new-company know. There wasn't much of a surprise. June 30th, a mere 57 days from right now! It's going to be hard to finish, I can already tell. My work will continue to slow until there's nothing left to do. How will I deal with the boredom?

Thursday, April 23, 2009

Evolution of a B-school Applicant

Getting in: that's the easy part! Now is when all the other stuff begins to creep up on you. First, you've got to pay for school. I'm fortunate with my scholarship, but I still need a little bit to cover cost of living. I went through and did the entrance exam and I now feel like I know everything about student loans (other than what I used to know, which is how to sign my checks each month!) Next up is selecting a lender. This doesn't seem difficult: my four options all carry the same rate and the same repayment plans/benefits.

Next, you've got to quit your job. I had targeted the end of June, and I think I'll stick with that. My bosses know I'm leaving, just not the exact date. I'm giving a lot of transition time, as I've seen the horrors of someone leaving without properly setting the stage for others to take over the work. I can't wait for my party!

Keep up to date on Facebook! This may seem a strange topic, but it's true. Most schools have an admitted students page on Facebook. I had met some people prior to RCW, so I felt I had a good base on conversation when we actually met. It's also nice to keep in contact with those you met.

Finally, set yourself up mentally and physically for B-school. Spend time with family and friends. Read non-business books. Catch up on some TV shows, like The Wire or Big Bang Theory. Go to the gym and work out or run. Relax! You've made it this far, the next couple of months are the calm before the storm of school.

Thursday, April 16, 2009

Off to Carolina, part 827

I start my drive down to Carolina in an hour or so (after stopping to get a haircut). I can't wait to get away for a few days and focus on something other than funerals or work problems. I find I can barely contain my enthusiasm for starting my MBA; I'm sure my family and friends are sick and tired of hearing about the clubs and classes and networking and international trips and etc. and etc. It's hard to focus at work, knowing my time is limited and I'm there purely for a paycheck or to pass work off to someone else.

Red Carpet Weekend has a lot of events to do. I'll be meeting with financial aid to go over my scholarship and money issues, sitting in on a competitive global policy class, saying hello to my former bosses at the law school, finding an apartment, reconnecting with the people I met at Scholar's Weekend, finding a place to live, meeting new admitted students, team building activities, learning about Project Nicaragua and various other student services and attending dinners/social events. I'll need a vacation after this!

Lastly, I wanted to say farewell to MaybeMBA. Hers was one of the most honest and refreshing MBA blogs out there, with the added benefit of being told from the perspective of a parent MBA student. We will miss your words and insight!

Sunday, April 12, 2009

Easter Sunday

What a week...It's been about as emotionally draining as any I've ever experienced. My grandfather passed away on Monday, so we had that funeral on Thursday; a close friend's father passed Tuesday, so we had that funeral Saturday. I only worked for three days, I've spent way too much time away from home doing things I'd rather not do. Now it's Easter Sunday, time for ham, deviled eggs and potato salad.

Thankfully, this coming week is Red Carpet Weekend! I'm looking forward to getting away from the home front for awhile, seeing everyone I met during Scholar's Weekend and just unwinding for a bit. Focusing on something other than funeral arrangements and hugs and tears is definitely what I need right now.

Big congratulations to all of the Clear Admit Best of Blogging Award nominees for this year! Reading the blogs of TienyChesney and JulyDream helped me through my own application process and motivated me to write my own blog. These are excellent resources, and as JulyDream said the other day, extremely therapeutic!

Monday, April 6, 2009

PPPPPP or, Get Started

I spent my weekend thinking about the things I need to do, or begin thinking about, before school starts. Choosing a school is just one decision that needs to be made; many other decisions, both seemingly trivial and very important, will find their way into your head if you're not careful. Here are just some of the things I'm evaluating...

Career Decisions

- When to quit?: This is pretty easy. I'd love to quit now, but that would a) leave my company in a bind and b) would hurt my finances. I've tentatively scheduled to finish work at the end of June, which gives me time to save some money, train a replacement, and allow for a solid month+ of downtime before leaving.

- Evaluate Employment Report: I went through Wake's employment report for last year, looking at salary numbers and on-campus recruiters. I went to the websites of the firms if I wasn't familiar with them and came away with some more ammo for my internship search. The more work I do on this now, the easier it will be in the long run.

School Decisions

- International Trip: Part of my scholarship allows me to choose my international trip, so I've begun to consider my options. In 2008 the choices were India, China, Japan or Central America; in 2007 another option was Central Europe. Right now I'm leaning towards China, though if the Central Europe trip opens up, I may reconsider. One take-away I have from this is to get my new passport!

- Housing: This should be taken care of during Red Carpet Weekend; I've got some options, so I'm not too worried. Once I know my living situation, I'll be able to answer other housing questions (what furniture should I bring vs. buy, etc.)

- Clubs/Organizations: Like most MBA programs, clubs and organizations are a big part of the experience. I'm fairly certain I'll join the Marketing Club and Strategy/Consulting Club. The MBA Marketing Summit sounds like something I'd definitely be interested in, but would I want to run it, or participate as a contestant?

Many more decisions and thoughts lay ahead. I like that the journey has started, though.

Friday, April 3, 2009

Turn The Page

The calendar has turned from March to April and spring weather is in full bloom. What this means in Northeast Ohio is 67 and sunny one day, snow the next. And we wonder why everyone is sick all the time! April also brings more admissions offers, so congrats to all the new entrants to the Class of 2011!

I submitted my FAFSA the other day, so that's finally done. It'll be interesting to see how it all shakes out, but I'm hopeful everything will be alright. I leave for W-S in two weeks for Red Carpet Weekend and hope to secure my housing at that time. I'm hopeful the next few months fly by...I'm excited to quit my job and start this journey for real! After the past 14 months of studying and preparing essays and filling in biographical information and visiting campuses and interviewing with AdComs and current students and networking and....sigh, that's only the beginning! If getting your MBA is like a long road trip, right now we're all sitting at the gas station, deciding which road to take to our destination. We still haven't left the station yet!

I think we're all ready to slide into the driver's seat and get this show on the road

Monday, March 30, 2009

Fun With Money

For many admitted students, the joy of acceptance is quickly shifting to fear of money. Getting accepted was the easy part; now you've got to come up with over $100k to actually PAY for it! Many students get scholarships to help ease the burden of the financial commitment. Others (such as myself) were lucky enough to receive very generous aid packages and scholarships/fellowships. Many, however, will be forced to max out their available federal lending options.

First, a quick overview. And feel free to correct me if I'm wrong. When you get accepted, the school will tell you how much tuition is and the estimated cost of living. This total number is the Cost Of Attendance (COA). Let's say for our purposes the number is $75k (ie, $50k for tuition and $25k for cost of living). Now, to figure out how much you can borrow from the government, you subtract two numbers: your Estimated Family Contribution (this number comes from filling out the FAFSA) and any scholarships/grants awarded. Let's assume you get a $20k scholarship each year (good job!) and your EFC is zero. $75k - $20k = $50k. That's the total amount you can borrow from the federal loans. From there, you can borrow $20,500 from the Stafford loan program (between Subsidized and Unsubsidized) and the rest must come from the GRADPlus program, up to the total COA. If you need more money than that, I hope you've got savings!

My scholarship covers my full tuition plus a stipend and an international trip. I'm not exactly sure what that means, so I've got a meeting scheduled with a financial aid rep for the admitted students weekend. I've already started the FAFSA (one more piece of advice...START NOW!) and hope to have that submitted within the next day or so. Luckily, I shouldn't need to borrow too much money in order to finance my education. Limiting the amount of debt is a huge advantage for me, especially in this market. Carrying $150k in loans at graduation is not an enviable position.

Thursday, March 26, 2009

Shocker of the Century!

Dinged by UCLA! Can you believe it! As it was my first application, I probably bungled this one more than any sane MBA applicant should. My essays weren't the best, I let a recommender be late which caused my app to get moved to R2 (I submitted back in early October), I didn't follow up with the school very much. UCLA always felt like the longest of long shots with just that hint of possibility that made me click submit. It seemed so far away, so different than anything I had experienced. The ding was not unexpected. Congrats to those who got good news!

In work news, a guy on my team quit today, which has forced my manager to question how much longer I'll stick around. I didn't want to tell him yet that I've been accepted and will be leaving in June, but them's the shakes. I didn't give him a hard date, but told him what my final month would be.

Wednesday, March 18, 2009

March Madness!

Ah, the most wonderful time of the year. All across the world, thousands and thousands of would-be prognosticators are filling out brackets for the NCAA Men's basketball tournament. Even the President has filled out his bracket. Who's going to the Final Four? Who's your 12-over-5 upset? So many questions...

I've got a Final Four of Wake Forest, Memphis, UNC and Pitt. Can't wait for games to start tomorrow!

Friday, March 6, 2009

A Quiet Week

Virtually nothing happened in the past week. Nothing on the MBA front. Sure, Duke and UNC sent out emails stating decisions will be released soon, but we already knew that. Duke on the 10th and UNC on the 23rd (along with Georgetown). Wake continues its push to get me to commit. I feel like a prized free agent! A member of the Board of Directors called me....from the Caribbean...to tell me why I should go to Wake. Awesome.

Work wise, things are hectic as always. I had my performance review and received a grading of "Achieves Expectations." Complete with my 2% raise in salary, I felt like a valuable member of the bank. Ha! I asked my manager some questions relating to the future, if we'll still be around in a few months, what it takes to "Exceed Expectations" and other stuff.

Other than that, it's been a quiet week. I've confirmed my flight for Scholar's Weekend; I'm arriving a bit early on Friday so that I can get situated then have a meeting with the head of the Career Management Center. I'm really looking forward to this, getting a chance to converse with others and see just why they offered me the package they did. Maybe they mixed my name up with someone else!

Next week I figure blogging will be easier as more will be going on.

Thursday, February 26, 2009

Changing The Way Admissions Works

Having gone through three admissions processes (applying for undergrad, applying to transfer undergrad schools and now MBA admissions) I know the pain it causes those applying and the repetitive and competitive nature for the schools involved. Everyone wants the best students possible; more than that, with certain sects they need not just the best they can get, but better than a competing school. The MBA example of this is Harvard vs. Stanford. Obviously each school can accept the top kids, but they are also very much aware of what the other is doing.

Admissions is a changing environment. It used to be stats, stats and stats. SAT/ACT, LSAT and GMAT/GRE along with your GPA could define your range of possible schools. Now, it seems the tide is turning. B-schools have started accepting the GRE and focusing on a more holistic approach outside the numbers. Some undergraduate programs have stopped requiring an ACT/SAT score. My alma mater (and future B-school) Wake Forest University was the first top 30 school to stop this requirement. There is a growing trend to look at the person and not just the numbers. Anyone can get a 700 GMAT and a 3.0 GPA. What makes you different is more important.

Wake Forest is hosting a long meeting on the changing admissions process, specifically for undergrad. Distinguished schools such as Harvard, Texas and UVA are participating. The goal is to make higher, elite education more accessible to everyone. All students should have a realistic opportunity of attending these schools, not just those with ultra-high SAT scores or grinders who got 760s on the GMAT. I encourage everyone to check out the website HERE.

Could you imagine an admissions world where Stanford didn't care about your GMAT score?

Tuesday, February 24, 2009

Mardi Gras!

Ah, good ol' Mardi Gras! Fat Tuesday was usually a fun day back when I lived in New Orleans. I remember staying uptown for the parades and just enjoying myself with other people. Downtown was a different story completely! I hope everyone has a fun time wherever you celebrate. And for those of you in the Crescent City for the first time, remember: There ain't no place to pee on Mardi Gras day!

On the MBA front, nothing new to report from other schools. Hope has completely evaporated for an interview invite at UCLA, but that was to be expected. The Duke notification date is slowly creeping up; I do hope we get word prior to Monday. I know R1 decisions went out on the Friday before the date. Maybe we'll all get lucky!

I RSVP'd for Scholar's Weekend at Wake Forest. I'm working with the travel agent to determine the best flight to Greensboro. Gotta love that this is all paid for by the university! They'll also cover my costs to attend Red Carpet Weekend in April. One thing I'm liking about Babcock is the amount of communication between the school and me. Since getting accepted, I've had students call me and message me on Facebook, the Dean has called, I've gotten an email from a professor. I keep getting letters saying how much they want me to come. It really makes me feel like they're saying "We want you!" instead of "You may not be good enough, but I guess we'll let you in anyway."

Vegas dates are set. July 8th-12th, I found a flight and hotel for under $415, which is awesome. Can't wait!

Thursday, February 19, 2009

Is Winter Over?

The worst part about winter in northern Ohio is the sense of false hope it can give you. Just when you think it's nearing an end and warmer temperatures are coming, we get socked with a foot of snow. This morning my commute took over two hours (normally 45 minutes) and the walk from the car to the office was brutal. One can easily see why I chose the schools I did.

I got my formal invitations for Scholar's Weekend and Red Carpet Weekend at Wake Forest. Scholar's Weekend is for students receiving one of the big scholarships; it's a chance to learn more about the school, interact with other recipients and people, all on WFU's dime. They're covering airfare, hotel, shuttles and food. Sounds like a good time! The invitation came in the form of a call from the Dean. But I have to ask, why call at 10PM at night?

Red Carpet Weekend is the admitted students weekend, and falls a month after Scholar's Weekend. I was given a voucher for free airfare as I live some distance away (more than a five hour drive). Not bad, two visits in the span of just over a month, all for free.

I'm looking forward to these, as well as final decisions from the rest of my schools. Meanwhile, I keep plotting my finances for the next few months (it'd be easier if my roommate had paid me anything since September!) and how much debt I can get rid of. I also started planning a Vegas trip for early July. Prices for airfare and hotel are under $500 for a five-day trip, which is excellent. 138 days to go!

Thursday, February 12, 2009

General Updates and Thoughts

I apologize, this may be a post that crosses many subjects...

Having been waitlisted at two schools, with one admit and two more decisions pending, I'm starting to wonder about choices and decisions. UNC and Georgetown will notify me of my updated stats (either Admit, Deny or Remain on WL) on March 23rd. Duke notification is March 9th. My UCLA ding comes March 26th. My Wake Forest decision must be made by April 1st. Here's the quandry: If I get accepted to UNC or Georgetown, I won't know about scholarships (if there are even any at that point) until after my decision is due to Wake Forest. Is the full ride worth passing on UNC or Georgetown? Does leaving school with zero debt mean more than possibly better career prospects? All things to consider...

I think I've settled on a final date to quit my job, baring something else happening (buyouts being offered, getting laid off, etc.). June 30th will be my last day (145 days away!) and it can't come soon enough. The environment at work has been pretty bad given the state of the new company and the economy. 6k jobs will be gone pretty soon, and there's no indication where they'll come from. I plan on moving to my new place in early August, giving myself the month of July to relax. I've decided I want to take a trip somewhere. I may have company but there's a good chance I'll be going alone. Any thoughts on where to go for a week, spending around $1k?

Other than that, it's pretty much Business As Usual. The Dean at Wake Forest called me last night to invite me to Scholars Weekend, a school-funded event that brings together the top scholarship perspective students. It sounds like a good time and I look forward to meeting some fellow admits there.

Wednesday, February 4, 2009

Is Now The Time For An MBA?

This is a question that gets thrown around quite a bit, what with the daily news reports of the poor job market and dwindling possibilities. Business Week has posted a few stories about the difficulties with recruitment in the current economic environment, and each school has updated both current students and perpectives on the state of employment.

Now, I came across THIS thread on the Business Week Forums (they are the devil, aren't they?), where a current student at a top-7 school laments his decision to attend, given what he gave up to attend. This thread, although completely crazy, brings up some good questions.

According to them, unless you're attending Harvard, Stanford, Wharton, Chicago, Kellog or MIT you might as well not go. If you aren't going into a high-profile position at a brand-name company (ie, McKinsey, Bain, etc.) you might as well not go. Only those top six schools get job offers, all other schools are screwed. If you are attempting to switch to a new career, you might as well not go.

Personally, I find this ridiculous. I'm not after one of those positions. I don't care if I work for one of those companies. I'm not after a $200k salary. No, I'm not enrolling at a top six school. Yes, I am attempting to switch careers. No, I'm not kept up at night wondering if it'll all be worth it. I *know* it'll be worth it. For me.

I'm not going to B-school to "hide from the economy." I started planning this well before markets tanked and banks started crapping on themselves. I applied to zero M7 schools. I want to better myself, increase my network and life experiences, learn some new skills, get a better job. If I get the dead-center average for my target profession, I'm still doubling my current salary. I've never gotten to study abroad; now I can. There are a thousand reasons why I want to get my MBA, and I'll be damned if I let a few cautious stories scare me. Sure, it may be tough, but it'll make it more rewarding.

Sometimes I think people get hung up on names. Do you mean to tell me that the only way to make an MBA worthwhile is to go to Harvard or Chicago and work for McKinsey or Goldman Sachs? I'm sorry, I'm not picking up what you're putting down. I've got my reasons and I'm perfectly content with it.

Saturday, January 24, 2009

Very Tired

Just got back from Winston-Salem. Tuesday: 8 hours in the car. Wednesday: 5 hours in the car. Today: 3 hours in the car. Tomorrow: 8 hour drive home. Ugh. The good part is I've completed my visits to both Duke and Wake Forest. I will have write-ups for both once I get home and unwind a bit. The Done-In-A-Day experience was a good one, one others will hopefully enjoy hearing about!

Anyways, I'm off to let loose some steam. To all the people I met at Duke on Wednesday and Wake Forest today, good luck!