Originally Posted by 1up
I'm having a hard time figuring out if an MBA and a future career in Management Consulting is right for me. Maybe someone, potentially with a similar background, can provide some input?
From what I've read, the work itself seems appealing, and the compensation is good, but realistically I’m not sure if I am skilled enough to get admission to a top B-school.Some background:
I’m 28, graduated with a degree in Electrical Engineering from a top Canadian school, although with a poor GPA (2.7).
I have been working for 4 years for a Fortune 500 Engineering Construction company. I work in the Project Controls department, and veered away from traditional design work. I deal with Contractor management, construction scheduling, project cost management/variances, Risk analysis etc. Essentially I’m an intermediate analyst/project manager.
Work itself is interesting, and aspirations for Project Management seem achievable within 10-15 years if I continue on this track. I just received my professional Engineering designation (requires 4 years of experience in Canada) and am working towards a PMP designation.
I’ve been promised more responsibility than what I believe I am capable of, but this industry seems to reward seniority more than capability and output. I am progressing well, but I had desires to achieve more at this age, and feel restricted. I feel like I am more business minded, personable, charismatic and extroverted than my role allows me to be. I spend a great deal of time working through spreadsheets, reports, analysis, E-mails. At a high level, the projects are very interesting, but I am often forced to be embedded grinding through the details.
The nature of this type of work requires me on average ~60 hours/wk and at remote construction sites for sometimes lengthy periods of time. So I don’t believe the long work hours of a consultant and varied locations would be a concern for me.My questions:
- Would Management consulting provide the type of career change I am looking for in terms of potential growth and role responsibility?
- I have yet to attempt the GMAT, but I’ve always struggled with examinations. Even if I achieve something close to 700, a 2.7 GPA would severely restrict me. Would it be worth it to attend a school that wasn’t Top-20? I believe my work experience is strong, increasing responsibility, excellent references from VPs and Management and work on 3 different continents.
- I earn $130k to $150k (CAD) a year, depending on the amount of overtime, with an expectation that increases 5%, give or take, every year; will the compensation be considerably better?
- There is a good possibility an MBA would benefit me even if I return to my own industry, but taking two years off work and paying a considerable amount for an MBA may not be the best investment?
Thanks, any comments appreciated.