Six Months After Completing My MBA

Six full months have passed since I completed my MBA at Queen's University in Kingston, Ontario, Canada. I find myself sitting at the kitchen table of my in-laws. When I returned to school, I definitely did not think I would find myself still looking for employment six months after completing my degree. I am very thankful for the support my family has given me during this trying time. It has not been completely without opportunity, it is just that none of those opportunities have turned into job offers.

I have been fortunate enough to be included in an article in Canadian Business magazine that was just released and is centered around MBA degrees. I am one of several people they profiled. The Business Career Centre and Marketing Department at Queen's University recommended me as a potential candidate when asked by the magazine. This may turn up some leads, but it might also not. Great exposure to get during a job hunt and I'm thankful for the opportunity.

A lot of my classmates have found employment. I'm not sure what the exact numbers are, but next month the school is due to publish the class stats. Although I have been counting the days since my last test, the career centre counts them from graduation. Their"six months" employment stat count is a month further away. Speaking of the career center, the career centre saw two of their most experienced people depart. A loss for the students, for sure, but the opportunity for new people to try a new approach perhaps. Should be interesting to see where things go.

There has been a lot of opportunities since my last post three months ago. One alum I met with contacted me to see if I would work on contract for his newly forming oil and gas advisory service. However, after this initial contact I have heard nothing. After tracking him down, it turns out that he is doing okay, but there is no room to take someone on with no experience. Although it was flattering to be contacted regarding this opportunity, there is no way it will actually result in a position, which is frustrating.

I have also been exploring traditional engineering jobs that would not make use of my MBA. A recruiter that contacted me had a client who was looking for an A&D/Exploitation Engineer and I was the first name that came to mind. Again, however, this turned into months of delays. First it was that they were "taking their time to review candidates". Then it was "the VP is on holidays for two weeks". Next it was "they are very busy". Then I hear they bought another company. All of these delays are understandable. After all of these delays, they went with another candidate and I never even got a call for an interview. I was a perfect fit for the job description, but with the economy the way it is, there is a lot of highly qualified people in the market making competition tough. Once again, it was flattering to be thought of for this opportunity, but very frustrating it hasn't turned into anything substantial. Following this same stream of job hunting I have found a Development Engineering position with a great organization in Calgary, but I still need to see if anything happens with this position after meeting with the recruiter trying to fill it.
Yet another opportunity came from the Queen's Business Career Centre (BCC). A former alumni asked the BCC , in confidence, to provide a few candidates for a potential position. They did not want to post an advertisement and they had not been happy with the results of the internal recruiting process they had almost completed. So, myself and one other classmate were recommended. I met this individual for coffee. It seemed like a dream fit and that everything should be a "go". This was just after the middle of August and the next round of interviews were promised for the first week of September. Then it was that it would take four to six weeks for HR to get things going and get an official interview. Next it was that he had been "too busy to start the process". After that it was that he would be on vacation for the next week. Then he gets back to me only to tell me he has been too busy with merging different division to start the process so it should be another four to six weeks. Then I get a message that a job posting has been sent out that closed on Oct. 7th and I will find out on Oct. 13th if I make it to the next round. It was delayed, again. Now interviews are supposed to be happening on Nov. 11th, but with a track record like the one this potential opportunity has, I won't be holding my breath. I was fortunate enough to discuss this with a career coach at Queen's and the conclusion I have come to is that all I can do is keep being "nice" and find other jobs. Yet again, it was flattering to be thought of for this opportunity, but very frustrating it hasn't turned into anything substantial.

The opportunity with Hatch that I mentioned earlier has dried up. They sent a few e-mails delaying the process and now they have just gone silent.

One of the best things I have done is contact and meet the Queen's University alumni in Calgary as well as attend a Queen's School of Business alumni event in Calgary. Both of these have resulting in strong leads. I couldn't believe that Queen's University has a person in Calgary that they pay to stay in touch with alumni and put them in touch with each other where appropriate. Contacting and meeting this single individual has resulting in an excellent opportunity I would never have found on my own. I have already had a first round of interviews for a position in the Marketing Division of a Multi-national company that sells pipe and the second round is for next week. This could be the opportunity I have been waiting for.

On another note, there have been some interesting consequences of expanding the class. The class size is 111 people. However, there are only a maximum of 80 people per class allowed in the electives. As a result, when it came to choosing electives there was a line-up of people outside the office at 6:30 AM, which opens at 8 AM, as people tried desperately to get the classes they wanted. I'm sure with different students having different goals and people going on exchange that everyone will get what they want for the most part, but its still tough on the students.

All that aside, I have strengthened my resolve to simply find a position that uses my skills and has decent compensation, whatever that may be. I am casting my net as wide as possible, applying for anything that I could even plausibly think of doing and that my skill set could fulfill, even if it is a long shot. From all business (i.e. Investor Relations or Financial Analyst) to all engineering (i.e. Exploitation Engineer or Development Engineer) and everything in between. I have designed myself a business card and put a three bullet point "mini-CV" on the back so I could network like never before and continue to look for and attend any possible alumni or professional event as I can. This "new" approach is starting to bring in a number of opportunities to apply for. 28 in the first week alone. Will this new approach work compared to the careful targeting of individual organizations and positions encourage by my career councilors? Who knows? Only time will tell...

Three Months After Completing My MBA

Three full months have passed since I completed my MBA at Queen's University in Kingston, Ontario, Canada. I find myself sitting at my in laws still without full-time employment. I split my time between my in laws and my parents living in subsistence as I job hunt. I'm very thankful I have this safety net to fall back on as I don't know what I would do if I didn't have it. The previous few months have not been completely without opportunity, but none of them materialized into a full-time position. As a result, I remain on the sidelines as the economy continues to improve and my bank account continues to empty.

I have not heard what the official class employment stats are, but from what I have heard through the the people I have been talking to, I am guessing we are more than 25% but less than 50% placed. (Aside: one of my readers wrote me and said they asked about this in their entrance interview and they says it is close to 65%) Many people have found and started jobs, but some have had to return to their previous employers which I know was not their first choice. Additionally, I have heard of one person who had signed on with a consulting firm last fall and had their position put on hold. As a result they are now looking for other opportunities as this may no longer pan out.

I understand that this year is by far the exception with the economic downturn, but it doesn't help ease the situation for those of us caught in the thick of things. If this had been next year, or two years earlier, most of the class would have been hired by this time. I'm curious how long it will take until everyone is employed. The only saving grace seems to be the work experience we brought with us into the program.

Through my face-to-face networking, I was able to secure an opportunity to interview with the business consulting practice of Deloitte with their Calgary practice. After countless hours of case interview prep and two interview session of three hours in length each, Deloitte informed me they had decided to go with another candidate. This is what I disliked about the "consulting" route from the outset. The enormous investment of time and energy just to hear "no". However, that isn't what really got to me about this process. Deloitte didn't pay or offer to pay for the expenses I incurred to travel to these interviews. I have interviewed with many different companies in a variety of industries in the past and all the companies, except the very small "ma & pa" outfits, offered to pay for the expenses incurred. Deloitte is not a small company and for them to pick-up a few dollars of gas wouldn't affect them, but it would make the world of difference to an unemployed MBA saddled with debt. Other than this factor, Deloitte was very professional and the interview process was an excellent experience. I would advise others considering this route to keep the time, energy and capital requirements in mind at the beginning.

Another consulting opportunity that has been slowly working through the process is with Hatch Management Consulting. Hatch has traditionally been a technical consulting company providing engineering, construction management and project management for very large mining, metal and infrastructure projects on a global scale, but they are looking to add management consulting to their other offerings. Although the company has been taking their time to launch their projects and hire people, they do seem to mean business and I'm interested to see where this opportunity could lead.

Additionally, I have been seeking out business development opportunities related to my previous oil and gas background. When I find an opportunity, I look for alumni who are in the ranks of the companies I have been targeting via the alumni database. Through these contacts I have been able to learn a lot about the position(s), people and future outlook of the organizations I'm hoping to join. Furthermore, these conversations often lead me to other opportunities. One specific case led me to a finance position with CIBC under a top energy analyst as a research associate. As luck would have it, one of my former classmates from my undergrad was working in a similar capacity with CIBC. After discussing with him the details, I decided this position would not work for me. Research associates are expected to work 12 to 14 hours a day, starting at 5 AM, 6 days a week and potentially more during "peak" periods like quarterly reporting. They spend half their day finding data and crunching financial models in excel for the companies they are covering. The other half of their day is spent writing research reports on the data and correcting the reports after their analyst has reviewed them. When I asked my friend about life out side of work, he didn't have one. No time to workout. No time for a relationship. No time. The compensation isn't even that good. Most of these positions start at 80,000/yr salary, no overtime and the "potential" for a bonus of 100% of your salary. The hourly rate on these jobs just doesn't seem worth the HUGE sacrifice required and the career path is simply to move up the ladder one rung to do slightly less work for more money or to move to managing a portfolio for an investment firm. As I am married and would like to stay that way, this is not the path for me, but for someone who was willing to sacrifice this much for a few extra dollars, there are opportunities to do so in the way of Equity Research.

Other opportunities I have been considering have been more in line with my previous background in oil and gas engineering. These positions wouldn't specifically make use of my MBA, but I need work and I figure if I brought the skill set to the table it would get used as I proved myself. More importantly, there are positions being posted in this area, but these positions have only been showing up in the past month and not nearly in the same quantity as when I left industry. Although the economy is "improving" and the Bank of Canada has declared the recession "over", things are still limping along. Yes there are more positions being posted, but when I discuss with recruiters about being considered for these positions, I am told that companies are waiting for individuals with significantly more experience. As many companies went through downsizing, mergers and acquisitions, there are highly experienced people displaced by these events available to fill these positions. This makes the job market very difficult. I have heard this all before when I graduated from my undergrad. "If you just had five more years experience...". Well, if over five years of experience, a professional engineering designation and an MBA doesn't cut it, then nothing ever will. I can't think of a better candidate to hire into an organization. So, I continue to persist and ask simply for the opportunity to be presented as a potential candidate.

At this time I have been reduced to looking for any opportunity that offers fair compensation and a chance to expand my knowledge while providing a reasonable work-life balance. I am no longer holding any grand delusions that I will find my "dream" MBA job right out of school. That will have to wait for the next position I take down the road or perhaps the one after that. I have invested a lot of time, money and energy into my education and I need to start seeing a return on that investment. The loans and lines of credit I used to finance my education will need to be paid back and sitting on the sidelines unemployed will not accomplish that goal. To top it off, I'm bored. I want a challenging job that requires me to use my skills and knowledge to solve difficult and dynamic problems.

Overall, the best method of seeking out information and potential positions has been contacting alumni and either conducting informational interviews via phone or over a cup of coffee. Meeting for coffee has by far been the best. This method has worked so well that I have received an e-mail concerning a potential opportunity that I would never have found on my own from one of these previous contacts a few months after our meeting. Moreover, during a different meeting my contact provided me with a different perspective and list of ideas to continue looking for opportunities when I thought I had exhausted all avenues. Also, sending "thank-you" cards after these meetings is essential. These people are taking time out of their busy schedules to meet with me and I really appreciate it. In addition, I think they like to be recognized for the gift of their time and it sets me apart from anyone else they meet. Meeting with them has also helped boost my moral and keep me in a positive state of mind. Both essential when conducting a full-time job search. In addition to this method, I keep checking eluta and indeed as well as the school's job website and many company career websites for postings. This is my holding pattern for the moment until I find employment.

In summary, most of the class still does not have a job. I have seen good results using the methods encouraged by our career center, but it still has not resulted in a full-time position. I have explored the traditional "consulting" and "finance" avenues taken by MBAs to no avail and I don't think I would find them especially rewarding. My expectations have been significantly reduced and I'm curious to see where I will find work as well as how long it will take for my cohort to do the same.

One Month After Completing My MBA

A full month has now passed since I completed the full-time MBA program at Queen's University in Kingston, Ontario, Canada. I now find myself sitting alone in my parent's house at this keyboard in Alberta, Canada and have had a lot of time to reflect on the past year.

After the program I took a fairly substantial road trip to see the Maritime Provinces as well as some of the major eastern US cities. The trip was a good way relax after the program. When the trip was over, I was back in Alberta and three weeks had passed.

I know that I should feel pretty good about life right now. After all, I'm a a professional engineer with a MBA from a top business school. However, I don't feel that way. I'm actually kind of down since I don't have a job and I have no idea where I might end up. The only comforting fact is that I have felt this way before, when I completed my engineering degree.

Right now, though, I am of the opinion that going back for the MBA at Queen's was a great decision and a solid investment. I learned so much about business, myself and others. After discussing just few of the topics we covered with friends and former work colleagues, I know that what I learned is of HUGE value. The MBA will definitely position me well for my future career aspirations.

I heard that convocation was a good time and a lot of the class attended. However, I did not return and only two of my six team members were in attendance. As I currently do not have a job lined up, spending the funds to return to Kingston for a couple days did not seem wise. The day after convocation, the school took out a whole two page spread in the Globe and Mail to post the photos of all the MBA graduates this year. This included graduates from all Queen's MBA programs (i.e. Exec, Accelerated, etc.). I remember how stoked I was last year to see that and know that I would be in there in a year. Seems a year has come and gone.

Just after the convocation ceremony, I received several text messages and even a phone call from my classmates congratulating me on our graduation. It was nice to know I was missed and even nicer to hear the familiar voices. That is one thing I miss the most - the people. I miss being part of a community of so many smart, driven, positive and fun people. You are often fortunate enough to have a few friends of this nature, but to be with 74 others is something else. I hope I get to see them again soon.

Other than the odd e-mail letting me know about a job prospect, I really have not heard much from my former classmates. The "water cooler" (i.e. online web portal space for posting messages) has gone quite. Only the odd e-mail from the Business Career Center staff.

As I mentioned earlier, I am without a job. To my knowledge, the employment stats one month after the program are pretty much the same as when we all left. This is likely due to the fact that a lot of people were moving, needed a little time to rest up after the end of the program and haven't had a chance to really further their job search, but I haven't heard from anyone, so this is just my speculation.

Now that I am in Alberta, I am ramping up my search for full-time employment. I have found positions to apply for through company websites, the Queen's career website, recruitment agencies and other industry career websites. In addition, I am arranging to "network" with past work colleagues, friends, and alumni that I have been in touch with over the past year. This is all part of the strategy imparted on us as we went through the program. It will be interesting to see how this job hunt compares with my previous ones. The economy is quite different from a year ago, but I am confident that I will find a job with in two or three months. All that being said, I didn't necessarily anticipate that I would be in this position. I really believed that I would find a job prior to graduation.

On another note, I still find myself with a kind of "highway fever" after going so hard. You get conditioned to ALWAYS being busy with learning, socializing, planning, studying, etc. that you find yourself constantly "chomping at the bit" when there is nothing better to do but enjoy a sunny day.

That is all I have to report one month out of the program. Hopefully in my three month posting I will have good news to write about. In the mean time, I will keep watching the blogs of the new cohort to see how they are fairing...

One Week After Completing My MBA

It has now bee one full week since I completed my MBA at Queen's. This past week has been filled with sad "good-byes" and promises to visit people in the future. We have also had several dinner gatherings. One of these was after spending a day cruising the country side in a pair of SUVs loaded with classmates to seek out local foods which we then cooked and ate. This particular activity has been done a few times and has become known as "super-happy-fun-day". It is amazing what you can find around Kingston.

I thought that one week would be enough time to reflect on the past year and write some key insights, but, alas, it hasn't. I will try to do this in a later entry. There is just too much going on with everyone moving and my search for full-time employment going strong.

A lot of the people who will make up next year's class have arrived in Kingston. Some have made contact with a few people in this year's class and some have managed to meet-up with their fellow classmates. From the few that I have had lunch with, during their trips out to the school, as well as those I have traded e-mails with, I can tell next year's class promises to be a fun group with many great minds. Very similar to this year's cohort. I wish them all the best.

Several people are planning to stay in Kingston as they help with "transition". This is an afternoon/evening full of events where our class passes along the student council to next years class as well as introduces them to Kingston. Since Queen's is a one year program, there is no second year students that can serve as a "knowledge transfer". "Transition" is our answer to this challenge. If all goes as planned, "transition" should happen on the 16th of May.

Convocation is on May 26th and quite a few of my classmates are planning on attending, but several will still be on exchange or will be travelling and they won't be attending. Although I am not planning to attend, as I will have just arrived back in Alberta, I may reconsider since it will be a last chance for us to see everyone together. Apparently convocation is really a spectacle at Queen's and more importantly I could see all my friends again.

After saying "good-bye" to many others over the past week, it was my turn yesterday. My wife and I finished packing and left Kingston yesterday. Today we are in Quebec City and will be in New Brunswick by this evening as we continue our trek to the east coast of Canada. We drove this far out from Calgary, so we figure a few extra days to complete the trip to the Atlantic is well worth the time and money. After that we will turn south and visit a few key US locations before heading west. Since we drove through Canada out here, we are driving back through the US. Should be a good trip.

My "team", team 426, from the program has dispersed to the four corners of the earth. Two of them are in Brazil on exchange, one has gone to Hong Kong and China to visit family, one is headed to India to visit family, one is headed to Toronto to look for work and I am headed back to Alberta.

The blog. It has taken on a life of its own. It has been very useful to help me keep track of time as it flew by and to help me appreciate just how much I was learning. However, it was started with a purpose, written with a purpose and will end with a purposed as I stated when I started this blog. Therefore, I will only be making a few more entries and all of them will be focused on the MBA and my experience at Queen's. I will write one month, three months, six months and one year post-MBA entries. There may also be the odd entry to update employment stats, when I find a job and if other significant events occur, but only if they are relevant to the purpose of this blog.

On a final note, I would like to thank the many readers who have taken the time to comment or e-mail me about the blog. It was great to know that people were finding this information. Even if it wasn't necessarily useful, I surely hope it was entertaining. I hope it has provided those looking at MBA programs with some of the answers they were seeking and I hope it has provided alumni with chance to reflect on their own MBA experience.

Week 51: Electives - Block E (t-minus 0 week)

Week 51 is over and I have completed my MBA! It has not sunk in, but I know this is something special. Here is what happened this week:

Classes ended this week.

Sales Management had a final and "sales call" with the professor.

Corporate Finance had a final.

Project Management did not have a final exam, but they did do a PERT exam in class.

Now everyone is packing up their various binders. A lot of extra stuff is getting thrown out. A lot of sad faces and happy faces. Sad to be leaving, but so happy to be done!

Enough said. I'm off to join some of my classmates for a last pint at the Grad Club.