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How to use an MBA to completely change your industry sector?

Liwaza Team
January 16, 2024
9 min

Proven strategies for successful radical career change through MBA.

Introduction

You're an engineer dreaming of strategy consulting? A doctor attracted to private equity? A teacher wanting to launch a startup? The MBA is one of the few degrees allowing radical career change. But how do you succeed in this pivot when you have no experience in your target sector? At Liwaza, we have supported dozens of francophone African candidates in spectacular career changes. Here's the complete guide to changing careers through graduate school.

1Why the MBA enables career pivot

The MBA is unique among graduate degrees for several reasons.

The professional reset

The MBA acts as a career 'reset':

  • Recruiters accept profiles without sector experience
  • The degree compensates for lack of specific experience
  • Summer internship allows testing the new sector

Sectors that recruit pivots

SectorOpenness to pivotsProfiles sought
Strategy consultingVery highAll backgrounds
Tech (PM, Strategy)HighEngineers, consultants
Private EquityMediumFinance, consulting
Investment BankingMedium-lowFinance, engineers
EntrepreneurshipTotalAll profiles

The key statistic

In top MBAs:

  • 40-60% of students change sectors
  • 30-40% change functions
  • 20-30% change both

Why companies accept post-MBA pivots

  • Intensive training in business fundamentals
  • Demonstrated learning capacity
  • Fresh perspectives
  • Diverse network

2The most common and successful pivots

Some pivots are more natural than others. Here are the most frequent trajectories.

Engineer → Strategy consulting

  • Why it works: Analytical rigor, problem-solving
  • What to develop: Communication, business acumen
  • Optimal schools: INSEAD, MIT Sloan, Kellogg
  • Success rate: Very high

Corporate finance → Private Equity

  • Why it works: Financial foundation, deal understanding
  • What to develop: LBO modeling, due diligence
  • Optimal schools: Wharton, Harvard, Columbia
  • Success rate: High

Doctor/Pharma → Healthcare consulting/VC

  • Why it works: Rare sector expertise
  • What to develop: Business fundamentals
  • Optimal schools: Harvard, Wharton, Stanford
  • Success rate: High (niche)

Military → Tech/Consulting

  • Why it works: Leadership, execution, crisis management
  • What to develop: Corporate culture
  • Optimal schools: Harvard, Darden, Kellogg
  • Success rate: High (valued profile)

NGO/Public sector → Impact investing/Consulting

  • Why it works: Mission-driven, understanding of social issues
  • What to develop: Finance, business strategy
  • Optimal schools: Yale SOM, Berkeley Haas, INSEAD
  • Success rate: High

3Admission strategy for pivots

Succeeding in admission when targeting a pivot requires a specific strategy.

1. Show the common thread

Your application must tell a coherent story:

  • Why your past led you to this point
  • What transferable skills you learned
  • Why pivot now
  • How the MBA is the necessary bridge

2. Demonstrate interest in the new sector

Even before the MBA, show your commitment:

  • Relevant certifications (CFA for finance, etc.)
  • Personal projects in the new field
  • Networking with sector professionals
  • Reading, conferences, online courses

3. Strategic school choice

Not all schools equally facilitate pivots:

Best for pivots:

  • INSEAD: Culture of diversity, no typical 'mold'
  • Harvard: Prestige that opens all doors
  • Kellogg: Collaborative culture, marketing and consulting
  • Yale SOM: Impact and purpose-driven

More difficult for radical pivots:

  • Wharton (strong finance culture)
  • Chicago Booth (very analytical/quant)

4. Summer internship: critical moment

For pivots, summer internship is crucial:

  • It's your only experience in the new sector
  • It often determines your full-time offer
  • Prepare for it even before MBA

4The GRE for career changers

For career change candidates, the GRE plays a particular role.

Why the GRE matters more for pivots

When your experience isn't directly relevant, the GRE becomes an important signal:

  • It proves your analytical capacity
  • It compensates for lack of sector experience
  • It reassures admissions about your academic potential

Target scores by pivot type

Target pivotRecommended GRE scoreFocus
To finance330+Quant 168+
To consulting325+Balanced
To tech325+Quant 165+
To entrepreneurship320+Flexible
To impact320+Strong Verbal

Liwaza preparation for career changers

Our approach for pivot candidates:

  • Personalized diagnosis: Identify your strengths and weaknesses
  • Adapted program: Focus on critical sections for your pivot
  • Essay coaching: Articulate your career change story
  • Interview preparation: Answer questions about the pivot

Recommended timeline

  • 6-9 months before deadline: Start GRE preparation
  • 3-6 months before: Practice tests, target score reached
  • 3 months before: Essays, target sector networking
  • Deadline: Complete and coherent application

5Mistakes to avoid in a pivot

Career change candidates often make the same mistakes. Avoid them.

Mistake 1: Ignoring your past

❌ 'I want to forget everything and start from zero'

âś… 'My experience gave me X transferable skills for Y'

Your past is an asset, not a handicap. Recruiters value diversity of experience.

Mistake 2: Not preparing for the new sector

❌ Arriving at MBA without knowing target sector basics

âś… Having already read key books, taken courses, networked

The MBA isn't for learning basics. It's for accelerating.

Mistake 3: Targeting only one sector

❌ 'I only want McKinsey, nothing else'

âś… 'My main goal is strategic consulting, with solid alternatives'

Pivots are riskier. Have plans B and C.

Mistake 4: Underestimating the GRE

❌ 'My experience compensates for an average score'

âś… 'I'm targeting an exceptional score because I'm changing sectors'

For pivots, the GRE must be a strength, not a weakness.

Mistake 5: Bad timing

❌ Doing MBA too early (not enough experience) or too late (hard to pivot)

âś… 4-7 years of experience is ideal for pivots

Mistake 6: Neglecting networking

❌ Waiting for MBA to network in new sector

âś… Start 12 months before, during preparation

6Liwaza support for career changes

Liwaza has developed specific expertise to support career change candidates.

Our differentiated approach

  1. Transferability diagnosis
  • Analysis of your current skills
  • Identification of bridges to target sector
  • Evaluation of gaps to fill
  1. Enhanced GRE preparation
  • Goal: score above average to compensate
  • Focus on key sections for your pivot
  • Practice tests calibrated for your target schools
  1. Narrative construction
  • Coherent career change story
  • Essays that transform the pivot into an asset
  • Preparation for difficult interview questions
  1. Targeted networking
  • Introduction to our network of professionals
  • Connections with alumni in your target sector
  • Preparation for informal conversations

Our specialized pivot coaches

Our team includes coaches who themselves succeeded in career changes:

  • Engineer → McKinsey (via INSEAD)
  • Doctor → Healthcare PE (via Harvard)
  • Military → Tech PM (via Kellogg)

They understand the specific challenges and guide you with empathy.

Results

Our career change candidates have joined:

  • McKinsey, BCG, Bain (from engineering, medicine, public sector)
  • Goldman Sachs, Morgan Stanley (from consulting, industry)
  • Google, Amazon, Meta (from finance, consulting)

Your atypical path can become your greatest asset. Are you ready to pivot?

In Conclusion

The MBA is one of the few degrees allowing radical career change at 28-35 years old. Whether you're an engineer dreaming of consulting, a doctor attracted to finance, or a public sector professional wanting to join the private sector, the MBA can be your gateway. At Liwaza, we have supported dozens of francophone African candidates in spectacular pivots toward their dream careers. The secret? Exceptional GRE preparation, a coherent story, and strategic networking. Are you ready to write the next chapter of your career?

Source of Insights: The insights in this article are based on Survey: Successful career pivots through MBA - Analysis of 500 MBA graduates who successfully completed a complete sector conversion Source: Liwaza Alumni Network Date: 2024-01-08
AI Usage: This article was written with the assistance of artificial intelligence to analyze and synthesize source data. The content has been reviewed and validated by our editorial team to ensure accuracy and relevance of the presented information.