NSP Diary
No Syllabus Podcast
#029 l The case for mini-retirements, Is MBA worth it?, You only get one prime in your life.
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#029 l The case for mini-retirements, Is MBA worth it?, You only get one prime in your life.

"A large portion of one's lifetime wage growth occurs in the first 10 years."

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Questions

  1. Do you recommend people take time off in the midst of their careers?” - From Dan

  2. “Do you recommend getting an MBA?” - From K

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Summary

In this conversation, Su Hawn discusses the significance of taking time off during one's career, emphasizing the importance of timing and personal growth. He advocates for longer breaks, termed 'mini retirements,' rather than short vacations, and highlights the necessity of having a plan for how to utilize this time effectively. Additionally, he evaluates the value of pursuing an MBA, particularly from top-ranked schools, and outlines the specific circumstances under which it may be beneficial for individuals seeking career resets or advancements.

Takeaways

  • Taking time off is crucial, especially in the early career stages.

  • The first 10 years of a career are pivotal for wage growth.

  • Mini retirements are more beneficial than short vacations.

  • Having a plan for your time off is essential to avoid wasting it.

  • Being asset-lite is important before taking time off.

  • Timing is everything, but overthinking it can be detrimental.

  • An MBA from a top school can provide significant career advantages.

  • Not all career paths require an MBA; it depends on individual goals.

  • The experience of an MBA can be valuable if approached as a business decision.

Sound Bite from the episode

"You only get one prime in your life."

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