The final step in the career goals definition process is to outline a credible Career Action Plan that summarizes the steps from where you are today to your ultimate Dream Job. Your plan will describe to admissions officers how you will acquire the Career Capabilities to reach your ultimate goal.
Figure 14: Develop Your Career Action Plan
Exercise: Develop Your Career Action Plan
Synthesize the work you completed in the prior Career Goals exercises and plot a credible Career Action Plan that makes sense for you. We suggest using timeframes of Post-MBA, MBA +5 years, MBA +10 years and your Dream Job, but feel free to modify the timeframes as appropriate to your specific situation.
Figure 15: Suggested Career Action Plan Time Frames
While developing your Career Action Plan, draw on the input you’ve received during your informational interviews. You should also complete Internet research and talk with other people who have succeeded on similar career paths to the one you have in mind. If you’ve developed good rapport with your informational interview subjects, ask them if they will sanity check your Career Action Plan and suggest how you can fine-tune it. Developing your Career Action Plan takes time; it is likely that you’ll iterate through a few versions of your plan before settling on your final path.
Case Study: Jason’s Career Action Plan
Jason identified four key milestones along the way to becoming an Australian VC partner. Post-MBA, his plan is to seek a position as an Associate in a Silicon Valley VC fund. Five years after graduating, he aims to be a Principal in the Firm. 10 years post-MBA, leveraging his experience and contacts, he wants to either open an office for his firm in Australia or leave the firm he is working for and take on a partner level role at an Australian VC fund.
Refer back to the gaps Jason noted in the Career Capabilities Inventory exercise. You will notice how Jason’s Career Action Plan will enable him to acquire the assets he identified as necessary to succeed in his Dream Job.
Ultimately, Jason’s vision is larger than just becoming a VC partner. As you may remember from his Statement of Career Purpose, he aspires not only to found his own VC fund but also to play a significant role in the cultivation of a vibrant VC eco-system in Australia. The path he has charted will provide the credibility, connections, and experience necessary for him to succeed in his chosen career goals.
Exercise: Define Your Career Goals
So now it’s your turn to complete this final exercise in Define Your Career Goals MBA Prep Step™. The moment that your Career Purpose, Dream Job, and Career Action Plan become clear to you will be pretty exciting. You will be ready to answer the admissions committees question: “What are your career goals?” But the real power of this MBA Prep Step™ is that you will have created a blue print for your future and defined your long-range plan for making a positive difference in the world.
Unit Review: Develop Your Career Action Plan
- Your Career Action Plan summarizes the steps in your future career leading to your Dream Job.
- The suggested milestones to designate in your Career Action Plan are Post-MBA, MBA +5 years, MBA +10 years and your Dream Job.
- An effective Career Action Plan will explain to admissions officers how you will acquire the assets (i.e., skills, knowledge, and relationships) identified in your Career Capabilities Inventory.