Cool! That’s definitely a goal that resonates with us — we’re into entrepreneurism and creativity and such.
Going through an MBA program to do so might be a great way to get there.
But it’s an awfully expensive way to do it. You wouldn’t exactly be “bootstrapping” your business if you are starting off with around $150k in debt before the articles of incorporation are even filed.
If you REALLY want to start a business… you might want to check this out.
That article talks about this cool 4-month program called the Founder Institute.
No, you won’t come out of it with three fancy new letters after your name… but you will come out of it with your very own fully-formed startup, ready to go. Your idea. Vetted and tires kicked. Bplan and all.
Don’t get us wrong – we’re not saying you should skip the entrepreneurial goal in your pitch for acceptance to bschool.
What we ARE saying is:
Be honest with yourself.
Do you really want to start your own business? Or is that just an excuse to go gratify your ego with an MBA?
Either answer is fine! Nothing wrong with a little ego-gratification — as long as you’re clear-eyed and rational about it.
Another test to find out what types of stars are currently lodged in your eyeballs?
If you really want to start your business through the standard structure of a two-year MBA program, why aren’t you applying to Babson? They’re ranked the #1 bschool for entrepreneurship. (They’re also mentioned in that article.) Isn’t that where you should be going?
Oh right. You never heard of Babson.
All we’re suggesting is, you should probably know what’s what for you – your real priorities – before you get too much deeper into this process. Bschool is a means to an end – it’s not the end in itself.