My MBA dilemma
Its time I shared with you what has been on my mind since the last 4 weeks. Never before have I been so sure and yet unsure at the same time. I have a choice between an Indian MBA (IIMC pgpex) and Emory. And then I’ve also not given up on Kellogg. In an attempt to bring structure to my thought process, I present here how each of them compare with the others.
a) IIMC pgpex
– Affordability – Good
– Risk – Low
– Continuity of work for my wife – yes
– Brand – Good in India
Strengths of the program – great professors, MBA in an Indian context, placement should be a non issue
– Affordability – Manageable with the scholarship
– Risk – High as an international, but reduced due to scholarship
– Continuity of work for my wife – suspect, though possible (Atlanta)
– Brand – Decent in US, unknown in India
Strengths of the program – diversity, the kind of MBA program I’d like to be a part of, versatility in terms of career options
c) Kellogg (for the sake of my dilemma)
– Affordability – Gamble, though loans are available.
– Risk – High due to a huge debt in this economy. No risk otherwise.
– Continuity of work for my wife – suspect, though possible (Chicago)
– Brand – doesn’t get bigger than this
Strengths of the program – fit (or so I think), the program I love, huge leap in growth and career options.
This isn’t my dilemma. My dilemma is that I have not heard from Kellogg yet and would be forced to make a choice between a) and b) if it doesn’t happen soon. If I go with a), I need to resign from my work next week since the program begins end of March. If I go with b), it means a relocation to US for the next couple of years, so I need to know immediately whether its Atlanta or Chicago for my wife to get an assignment in time(since the city will decide which assignments she can start looking for from the present company, and its non-transferable). In time because I want to be together with my family, and don’t want to head for an MBA where my wife and kid have to struggle behind.
Ok, so its not such a big dilemma, but its good enough to keep me mentally occupied all the time. Plus the chances of converting the wait list are so slim that I shouldn’t even be worried about c). But thats the problem, I’m unable to give it up, unable to give up on the one program I loved, and now the time is closing in on me. I know the debt would bury me deep, I know the recession would toss me around, I know how difficult it would all be for my family.
I’m not blind to reason, yet I want to follow my heart – cos now I know what I would be up against and it’d make the challenge that much sweeter.
So you see, this is a strange dilemma. I’m more worried about the choice I don’t have than about those I do. At times I feel I’m certain whether its a) or b), but I know I’m not. I think of how difficult I’m making things for my wife, and then I feel bad. I look at my kid for answers but he’s too young to play this game. The way the economies are headed and the grim prospects they offer scare me, but what scares me more is my excitement and determination despite it all towards pursuing an MBA.
This is my MBA dilemma, and I’ll solve it for good in 10 days from now.