Monthly Archives: June 2012

Pros and Cons of Not Taking a Break Until Your MBA starts

Pros:

1) Routine. Getting up at the same time every morning, read a newspaper, make breakfast, etc. I want to go into my MBA running like a well-oiled machine. If I stop working, I’ll just degenerate into never wearing pants at home and playing video games.

2) Money. Unless you are independently wealthy, a month or two of salary helps the financial burden that an MBA carries.

 

Cons:

1) Not having enough time to relax. I can see that happening, but then again, my philosophy isn’t about rewarding myself or my family on specific occasions, i.e birthdays. I try to relax on a year-long basis. If you try to fit all your relaxing into a specific period of time, doesn’t that seem kind of stressful in itself?

2) Self reflection. This is the biggest con of not taking a break until your MBA begins. The MBA is a journey on self-reflection and you should probably figure out who you are and what you want to do, generally speaking, before you start your MBA program. There are just too many opportunities that you need to filter without getting swamped.

My mind is blown

I’m in a movie theater in Charlotte having a cocktail in a seat that I had to pick specifically when you purchase tickets (like in London) and there is a restaurant / club here as well. My mind is totally blown right now because this experience is something that is outside of what i considered a night out at the theatre. Imagine what other seemingly “ordinary” business ideas are out there? And the stuffed peppers ain’t so bad either.

Reminder and Update: Citi Pre-MBA Fellowship, deadline is Friday, June 15, 2012

Citi Pre-MBA Fellowship (Veterans): The deadline on the website says May 30, but I have received emails from business schools and other websites saying Friday, June 15, 2012.

Just received word from the Credit Suisse about being invited to their MBA Military Boot Camp, so that’s good news. Took the CFA last Saturday and I’m tempted to just throw all my books away because if I don’t get it this time, I’m not planning on trying again. My goal was to get a basic foundation of finance and I think the participation in the CFA program gives you that. Getting the charter is certainly a personal as well as professional plus, but at this point, I’m not sure if I’ll be able to commit to at least two more years of intense studying – if I even pass the first test.

In other news, I’ve been working on a project in Charlotte and I’ve very surprised how beautiful and fun the city as (at least where my hotel is at). If you ever stop by…check out the mechanical bull at the Whisky River.

 

Done with the GMAT (700). CFA, you’re next!

Nothing feels better than chucking your CFA in the trash (recycling bin of course). I was aiming for a 720 but I got a 700, so no complaints here as I’ve broken the “elusive 700 barrier” that MBA programs say they don’t care about but they obviously do. The only bad news is that this is only a minor increase from my 680 from 2 years ago, however I did dramatically increase my quant section, which was weak. I’ll send the score along with a career update to my waitlisted schools and see how it goes.

 

I must admit that I did meet the most incompetent test center administrator today. I was the tenth person to show up at 7:40 AM for a 8:00 AM scheduled exam. I didn’t get in until 8:30 AM because the administrator didn’t know how to use the camera to take our pictures. Wow. And the guy sitting next to me waiting had the craziest case of sniffles – it was kind of gross. He kept sniffing like my dog. Anyways. One thing I regret not practicing enough is time management on the quant section, I basically guessed the last 4 questions and if I managed my time better, I had a good shot at 720 or above. On the verbal, I had 25 minutes left at the end which meant I could probably do better and didn’t have to rush through the early part. I had so much time left for the last 10 questions, I literally played out every scenario in my mind and I think that helped me.

 

I also want to mention that I completely skipped the writing section since I’m a published writer and the MBA programs know that already. So in my particular section, I didn’t need the writing section to calm my nerves or to expend unnecessary brain power on something that is kind of funny if you think about it – a computer grading a writing assessment. You get a 8 minute break between sections but I felt pretty good about everything and took 2 minutes to get over the fact that I guessed the last 4 on the quant and went straight at the verbal.

 

I took a Veritas prep course for $1,500+ and I have to say that the money was pretty well justified (even if it was only for a 20 point increase) just because of gaining a better philosophy for test taking. Furthermore, I could have just gotten lucky the first time (680) as I wasn’t really studying in Afghanistan.

 

I’ll have more reflections after the CFA tomorrow. Speaking of the CFA, for the past week, I’ve been reading the Schweser tri-fold when I wake up and before I sleep. It is a great overview of everything that is covered on the CFA exam