Deferral - Please advice

[venom8219]

Here are my two $.02.
Forget about the recession and if you have the right skill sets and the attitude there will be opportunities knocking at your door. If you are admitted to a college of your choice, stick with it, with or without recession. In your case, i assume Queens is one of your top choices, so i would suggest you stick with it. Lemme ask you something blunt--: aren't you confident about your skill sets/employability etc. I understand the weight of loan on your shoulders, but people have overcome this in the past and in the present. So why u shunning the challenge!

And you also said about not workin in a domain of your choice, which is MC. Its a known fact, every second MBA aspirant wants MC , but the demand is less than supply and only a handful make it to MC in the end. What is your basis/groundwork of your interest in your MC. ERP consulting is good, but not a stepping stone nor a springboard for MC. Over 60% people in all B-skools have a change of mind, once they are in B-skool.

Further, you talk abt making some "X" lacs next year, but the important question is what about your skill set? Will it improve your profile? Will it help you differentiate from the IT crowd? or will it make you grow older by one year? Will you become a functional consultant/ senior consulant/Principal etc in the next one year.

Kunal, you need to take these points with a pinch, or may be a heap of salt

[kunal_singla]

Thanks buddy for providing these inputs.

I will say its not about shunning from the challenge or having the right skill set etc. If I am confident that I have the right skill set, so do many of the Whartons, the Stanfords, the INSEADs etc have and I am competing against them.

It’s about an investment at the opportune moment. If I want to be an entrepreneur and the market is bad, I may not start my company that time rather try to enhance my research, get more VCs etc. and when the market is ripe, I attack with full throttle.
At this point, I won’t say I am shunning but I am trying to explore more into the investment I am making at this point.

If I go with a huge debt and the market is bad, my priority will be money and I may be forced to jump into a field other than MC. And believe me, I have seen people from across the globe doing so. I definitely don’t want to do so.

If I go without a huge debt, even if the market is bad, money won’t be a constraint and I can look for working with even a smaller amount especially.

Now, this doesn’t mean that money is the prime concern. It’s the market also which is a concern. Had the markets been good, I wouldn’t have been thinking about this in depth. But now, I am worried about the demand and supply crunch ( as you said) for MC jobs by the time I graduate.

Regarding the profile, apart from the monetary concern, yes I am getting a lead role which def will give me a much more leadership experience.


“ERP consulting is good, but not a stepping stone nor a springboard for MC.
”

I won’t agree to that. I will say any direct interaction with the client will provide a base for your management consulting also atleast the soft skills, believe me they become much more imp in the consulting world. Atleast I realized this after shifting as a developer from oracle to consulting.

Here, I will be a part of a team which is responsible for expanding my company’s operations and definitely you definitely come to know about different strategies.

Yes, I have taken all your comments with a pinch of salt. But still contemplating and will like to have more opinions.

[venom8219]

Kunal, I like your spirit
All the best with whatever you decide.