Planning a career move : Startup or MBA ?
After few years in their career, some folks plan on getting an MBA . The motivation for an MBA is that they their career stuck and/or is not moving at the desired pace. . Most of these are professionals have been doing the same job for last many years (for eg IT programmers) and are looking for some different roles and job functions. For some of the folks I had known personally , it was more because they want to move up the career ladder of managing the people instead of sticking with programming.
I m not sure how many of them thought of joining a startup or doing their start up instead of going the traditional route of MBA . When you are stuck with a similar situation, what would you like to do ? In this post, I would like to share my thoughts on what could be advantages and disadvantages of joining an starup vs doing an MBA. This analogy holds true for young grads with few years of experience . Will MBA boost their chance of success in corporate world ? Or you want to be next google or facebook ?
Start ups – This is not every one’s cup of tea. As sexy it may sound by dreaming your picture to be in front page of Inc or Fortune, start up is not for every one.
The failure rate is astonishingly high(90%). It has a lot of stress, ups and down( mostly down initially) and you might end up draining yourself than what you had every thought of.
On other hand MBA are generally on a defined trajectory. You know how much it is going to cost, how much time will it take and you are very much certain /hopeful that you would get a career jump and a hike which you had been dreaming of.
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