An ode to working from home

While I was pregnant I found myself working from home much more frequently. In the past I worked at home if DH was traveling or I had some kind of errand that needed to happen during the day. But I found the frequency increasing particularly in my last trimester. It was just so much easier to walk down a flight of stairs and start working than haul my pregnant, very large ass to work every day. It started with every Friday and creeped up to 3x a week by the end. BigFinance is very supportive of remote workers. We even have a remote worker program where you get a WLAN router and VoIP phone so everything works exactly like you are in the office. Yes, I geeked out a bit there but I work in network services for BigFinance so I'm allowed. Thousands of BigFinance workers take advantage of the teleworker program and it has saved the company millions in real estate costs. I really think this is the future of work. Now people aren't tied to specific metros - you can live anywhere you want and it becomes all about talent recruitment for companies.

DH has worked from home for 4 years. His company (and my old company) SmallResearch was very cool with this as a few other employees worked remotely. DH just needed to build a business case and and make sure that they already had a tax ID set up in the state. Not a problem for Virginia when I was in business school or for Charlotte since there were already a few remote workers in NC. SmallResearch also pays for our phone line and Internet connection. Pretty good deal for us and them since it's cheaper for DH to work from home than taking up a desk in an office.

Technology has really enabled me to take advantage of working from home. I can forward my work phone to my Blackberry and VPN in to all required systems. Yes, VPN is now a verb, don't you know? My Bluetooth headset also allows me to be hands free just like when I am at work.

I have decided to keep working from home one day a week. It is something that I very much look forward to and think I am much more productive with my time at home. The best part is that it makes my evening juggle so much easier. I don't have to pack a lunch or think about what I'm going to wear to work. And it knocks off at least 90 minutes of getting ready and commuting time from my day. That's a lot of time! True ,I wear sweatpants and don't style my hair but video conferencing isn't the norm yet!

There is also the benefit that I can be more creative with lunch and perhaps throw some laundry in if I have a few minutes. I can also plan out dinner a little better in terms of defrosting stuff and maybe even get a walk in. Well, that last one hardly ever happens but a girl can dream, right?

What about the rest of you? Do you work from home all the time or occasionally? What do you like the most about it? Are there any negative aspects?

Is now the best time to get an MBA? Yes, if you can get in.

There has been a significant uptick in the number of applications to business school over the past year. I'm sure Mommy, Esq. can quote similar statistics for law school. Over the past 20 years it has become a given that in bad economic times, people go back to school. Why? It's probably the best time to go back because career advancement and salary increases are less likely.

Adding to one's education and business credentials in a downturn can be a smart investment, particularly if the economy starts to right itself once you come out of the program. I've had the odd experience of being employed just before economic hardships. I came out of my post-graduate year at Carnegie Mellon in 2000 and immediately found a job, about 6 months before the Internet bubble burst. Similarly, I have come out of UVA's MBA program 12 months before the market tanked. I am hopeful that BigFinance will continue to do well and I won't have to worry about layoffs (at least at my level/division). I did survive 4 layoffs in SmallResearch, as did DH. DH is still there so we are both hoping his tenure of 7+ years will help him through any potential layoffs.

But while going back to school during bad times is a good idea, it's also an idea that thousands of other people have. On top of that, international recruitment for top MBA programs is way up. At Darden, more students are international than are women. So that means if you want to go to a top 30 school (and frankly it's not worth 100K in debt if you don't) you need to be assured that you are unique and offer something that the school can't turn down. Me? I had a couple of things: a liberal arts undergraduate major, 5 years work experience at the same company, being a women (yes, I'll use it to my advantage), significant career progression, and multiple activities. My test scores weren't that great.

I recommend an MBA program in particular if you are looking to switch careers. I didn't want to stay in Sales or Consulting and I wanted a bump in my salary. Going back to business school and having access to a great career center was a must. Working with a MBA career center is very different than an undergraduate one. CMU's was useless but UVA had more than a hundred big name companies solicit resumes and conduct interviews. That is why it is so critical to get into a top MBA program. A small college is not going to have the same exposure or resources. So why pay 40K a year in tuition? A couple of people have recently asked my advice about applying to business school. Here are few tips:

1. You should have at least 4 years work experience with career progression. That means advancements or job changes. It is best if you can stick with one company but we are becoming a country of job hoppers so it's less of an issue.


2. Take a GMAT course. I studies on my own but the money I spent on the Princeton Review was totally worth it. There were 5 people in my class so we got a lot of individual attention. It also forces you to study several hours a week. I'm sure Natalie and DH remember me spending hours at the kitchen table.


3. Start volunteering. If you don't have activities you've been doing for a few years, it is never too late to start. But 6 months in a volunteer role won't impress. So if you have nothing but your job, consider waiting another year.


4. Have a plan. Know what schools you are targeting and why. I applied to 6 schools (Harvard just for shits and giggles) and would have been happy at any of them. It is expensive and there is a lot of paperwork. Harvard was almost $400 when I applied 4 years ago! I decided to focus on schools with strong general management program (no specialization required) and utilization of the case study method.


5. References are critical. I lined up my references 9 months before I started the application process. In order to make things easy for them I put together a packet of information on me. My resume (more detailed that you might use to apply for a position), list of all my activities and why I did them. Both were professional references so I also included several projects I worked on where I contributed significantly. I provided a detailed list of strengths and weaknesses. Why so much work? You must be consistent when you apply to a program. You will be asked to share your strengths and weaknesses and you want your answers to match theirs.


6. Visit the school. Darden required me to visit for an interview and they probably did it because the campus is so beautiful. But a visit even when not required demonstrates a level of commitment.


7. Be a minority. Sorry, guys, but it's going to only get harder for white men to get into school.


8. Consider a part-time program. It can be more challenging to switch careers with a part-time program. Also, the career centers tend to not be as good as full time programs. But if your company will help defray costs and you don't mind it taking more than 3 years, it could be a good middle road.

Here's a couple of articles I've come across recently:
http://www.time.com/time/business/article/0,8599,1853093,00.html http://www.latimes.com/news/local/la-me-mba5-2008nov05,0,595378.story

Do others have advice about graduate programs?

Is now the best time to get an MBA? Yes, if you can get in.

There has been a significant uptick in the number of applications to business school over the past year. I'm sure Mommy, Esq. can quote similar statistics for law school. Over the past 20 years it has become a given that in bad economic times, people go back to school. Why? It's probably the best time to go back because career advancement and salary increases are less likely. Adding to one's education and business credentials in a downturn can be a smart investment, particularly if the economy starts to right itself once you come out of the program.

I've had the odd experience of being employed just before economic hardships. I came out of my post-graduate year at Carnegie Mellon in 2000 and immediately found a job, about 6 months before the Internet bubble burst. Similarly, I have come out of UVA's MBA program 12 months before the market tanked. I am hopeful that BigFinance will continue to do well and I won't have to worry about layoffs (at least at my level/division). I did survive 4 layoffs in SmallResearch, as did DH. DH is still there so we are both hoping his tenure of 7+ years will help him through any potential layoffs.

But while going back to school during bad times is a good idea, it's also an idea that thousands of other people have. On top of that, international recruitment for top MBA programs is way up. At Darden, more students are international than are women. So that means if you want to go to a top 30 school (and frankly it's not worth 100K in debt if you don't) you need to be assured that you are unique and offer something that the school can't turn down. Me? I had a couple of things: a liberal arts undergraduate major, 5 years work experience at the same company, being a women (yes, I'll use it to my advantage), significant career progression, and multiple activities. My test scores weren't that great.

I recommend an MBA program in particular if you are looking to switch careers. I didn't want to stay in Sales or Consulting and I wanted a bump in my salary. Going back to business school and having access to a great career center was a must. Working with a MBA career center is very different than an undergraduate one. CMU's was useless but UVA had more than a hundred big name companies solicit resumes and conduct interviews. That is why it is so critical to get into a top MBA program. A small college is not going to have the same exposure or resources. So why pay 40K a year in tuition?

A couple of people have recently asked my advice about applying to business school. Here are few tips:

1. You should have at least 4 years work experience with career progression. That means advancements or job changes. It is best if you can stick with one company but we are becoming a country of job hoppers so it's less of an issue.


2. Take a GMAT course. I studies on my own but the money I spent on the Princeton Review was totally worth it. There were 5 people in my class so we got a lot of individual attention. It also forces you to study several hours a week. I'm sure Natalie and DH remember me spending hours at the kitchen table.


3. Start volunteering. If you don't have activities you've been doing for a few years, it is never too late to start. But 6 months in a volunteer role won't impress. So if you have nothing but your job, consider waiting another year.


4. Have a plan. Know what schools you are targeting and why. I applied to 6 schools (Harvard just for shits and giggles) and would have been happy at any of them. It is expensive and there is a lot of paperwork. Harvard was almost $400 when I applied 4 years ago! I decided to focus on schools with strong general management program (no specialization required) and utilization of the case study method.


5. References are critical. I lined up my references 9 months before I started the application process. In order to make things easy for them I put together a packet of information on me. My resume (more detailed that you might use to apply for a position), list of all my activities and why I did them. Both were professional references so I also included several projects I worked on where I contributed significantly. I provided a detailed list of strengths and weaknesses. Why so much work? You must be consistent when you apply to a program. You will be asked to share your strengths and weaknesses and you want your answers to match theirs.


6. Visit the school. Darden required me to visit for an interview and they probably did it because the campus is so beautiful. But a visit even when not required demonstrates a level of commitment.


7. Be a minority. Sorry, guys, but it's going to only get harder for white men to get into school.


8. Consider a part-time program. It can be more challenging to switch careers with a part-time program. Also, the career centers tend to not be as good as full time programs. But if your company will help defray costs and you don't mind it taking more than 3 years, it could be a good middle road.
   

Here's a couple of articles I've come across recently:

http://www.time.com/time/business/article/0,8599,1853093,00.html

http://www.latimes.com/news/local/la-me-mba5-2008nov05,0,595378.story

Do others have advice about graduate programs?