Wednesday, November 4, 2009

Its time to decide....

So far we have had a rush of experiences in Q1 and Q2 that have lead up to us being able to make "informed" decisions about what we want to be when we grow up. Into November, the Career Center and school has asked to get more specific, focus on an industry and roles within that industry. Its time to stop "flirting" with both sides.
Several students come to business school with an idea of what they want to do, but can easily question that idea in the early weeks of their academic rebirth as the flurry of career path opportunities are presented.
We joke around about the pro's and con's of the various fields, and debate the risk and potential reward as well as competitiveness in the different job sectors.
I have long since committed to capital markets, but I see many of my colleagues come to Finance Association events, and then attend the Consulting Industry events as well. I think the more information we can collect, the better informed a decision we can make, but I also believe that if you have not yet decided what path you want to pursue now is the time.
If for no other reason that time management! Some students (allegedly) apply for jobs of all sectors and industries, and end up empty handed. This is because it is simply impossible to be properly prepared for the rigor of the different types of interviews. The two most commonly pursued career paths for MBA's are consulting and finance. This week alone there was a marketing case competition and a on Saturday, a stock pitch competition. Either of these events, to adequately participate in, let alone succeed, require extensive time commitment. Both are fantastic events that will provide insight into the industry you are interested in as well as demonstrate interest. Some students are participating in both events within 4 days of each other. This would not be as impressive, except that we also have a regular class schedule to tend to, case prep for Strategy, a MCV write up, Finance Homework, Quiz and our group has the added bonus of a presentation.
Trying to balance it all means somethings will suffer, to succeed in either Consulting or Finance, you must participate in the relevant events, but your grades cannot suffer as a result.
My advice (do with it as you please) to incoming students, do as much research coming as possible. Read the recommended literature for the industry you may be interested, start reading the paper today! If you can get your hands on vault guides for your industry, read them. Twice. They will be invaluable in making decisions.
When you get to Rotman, be prepared to flirt a little, sign up for all the clubs if you like, you are buying information and invitations to events, and explore. But by Q1 exams, make a decision, and the already challenging workload will seem almost manageable.

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