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Part Time MBA - profession and unemployment

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Part Time MBA - profession and unemployment

by georgeung » Fri Aug 28, 2009 2:58 pm
Hey guys,

I want to apply to a part time MBA within my area, but I have an unstable job in an unstable field.

I work at a Bank that specializes in commercial real estate. We don't have the best rating. Will Part Time MBA schools look at where you work and put it into consideration? (for example, let's say I worked at a bank that may go be in receivership with the FDIC by the end of the year).

Also, if I did get laid off, would this preclude me from applying to a part time MBA school? If it does not, I how much would it hurt me in the application process?

I'm just looking for general information.

Thanks all.

Cheers,
George
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by Paxton Helms - Kaplan » Thu Sep 03, 2009 6:42 pm
Hi, George, and thanks for the good question. I'm sorry to have taken so long to respond, too: I've been on the road and managing a business project back in DC at the same time.

To answer your question, I don't think that business schools are going to take a deep and penetrating look at the likelihood that your company is going to remain a going concern. If you are obviously with a fly-by-night boiler room operation then that will get a skeptical eye but, generally, you'll get the benefit of the doubt.

Now, having said that, I think a bigger concern is whether it will be good option for you. Most part-time programs are actually FEMBA (fully-employed MBA) programs and that usually means that your company is picking up part of the tab. So...you will really need to do your homework and find out how much you will be paying if you matriculate at a part-time program without a company sponsor or lose your company sponsor while you're still in the program.

Along those lines, check out whether a company about to go into receivership is likely to have the funds to sponsor you.
Keep me in the loop about your thinking and let me know if you have any more questions.

Paxton



Paxton Helms is an MBA admissions consultant for Kaplan Admissions Consulting. He earned his MBA from UCLA and specializes in helping clients that are applying to top twenty and "reach" programs. He can be reached directly at [email protected].

To begin working with Paxton immediately, follow this link and request him specifically: https://www.kaptest.com/GMAT/Admissions- ... lting.html
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by georgeung » Fri Sep 04, 2009 12:09 am
Hey Paxton,

Thanks for replying. I will keep you in the loop. My goal is to use Kaplan's admission consulting after I take my GMAT in November. I recently just submitted a bunch of questions on the Kaplan website, different than the one I posted here.

I look forward to working with you or someone else on the Kaplan team this December.

Cheers,
George
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by Paxton Helms - Kaplan » Fri Sep 11, 2009 12:06 pm
Sounds good. Another thought that occurred to me: you may be able go part-time at a state school that is cheap enough not to require you to have a company sponsor.

For instance, I know some folks that have MBA's / other business master's degrees in real estate from Georgia State in Atlanta. Credit hours at GSU are very reasonable and something similar may be a good option for you.

Be sure to specify me as your consultant when you buy your Kaplan hours.

Paxton
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