Career Planning

Recently I posted my reactions to a new book about Harvard Business School called "Ahead of the Curve," by recent alum Philip Delves Broughton. Philip thought I had misintepreted his reflections in the book, and he was kind enough to elaborate on his experiences as an HBS student and let me pick his brain. Here's our email exchange about the value of an MBA for career changers, the HBS culture, teaching leadership and ethics in the classroom, being a humanities guy in an Excel world, and more:

AI: I got the sense from your book -- I think you even say so expressly -- that you weren't terribly clear in your own mind about what you were hoping to do with your MBA before you embarked on business school. It sounds as if you went to business school hoping to take more control over your life, and you assumed you'd be able to work out the specifics of a career change while you were there. That didn't seem to come together as neatly as you had hoped -- by the end of the MBA program, you were still trying to sort out what you wanted to do, and you were finding the job search harder than expected. In hindsight, do you wish you had done more planning or soul-searching before starting business school?

PDB: No, I was pretty clear about why I was going. I needed to be. I left a great job to go to business school. The challenge was remaining clear about it under the kind of peer pressure you find at a business school. I wanted to be able to pursue my own interests while controlling my own P&L. I didn't want an employer. I wanted control over my time. Now this is pretty different from a lot of people at b-school. I didn't want a "career change" so much as more power to decide my own personal and economic fate. It's different. The book is not about my failed job search. It's about my struggle to remain on the path I set out on while pulled in various directions.

AI: I've been somewhat skeptical about the value of business school, even a top business school, for career changers, for some of the reasons you mention in the book, and also because the recruiting schedule starts so relentlessly early that you don't really have any time to navel-gaze about your career once you get there. I'm thinking in particular of the hiring interview you did with the Washington Post (pretty dispiriting), and the following:

"But I was not alone in struggling to change my career. Luis, the Franco-Argentine, complained to me that many people felt HBS failed in its promise to give people a new start. 'They say this is your chance to change industry, but very few are succeeding. You see, the problem is that the path of least resistance is to do banking or consulting. Now, if you wanted to do either of those, you probably could. But if you wanted to get out of them, you really have to fight.... If you don't have experience in an industry, they don't want you, so you end up going back to the industries you do have experience in."

Do you think career changers should go to business school? If yes, what can they do to make their time there, and the job search process, less difficult?

PDB: Career changers need to do a couple of things. The first thing, as you say, is to start thinking early about what you want to change to. Even if you're not sure, you must have a vague idea. Then use every resource - especially alumni - to help you do that. The second thing is to regard your first job out of b-school as a bank shot. You go into one of the standard b-school professions - banking/consulting - in order to drop into the career you want in a couple of years. Lots of people do that successfully. But simply hoping the MBA magic dust will transform you into the dream candidate in the career you're after is delusional. The final thing I'd recommend, is to go to places where people know you already, your home town for example - then your career to that point, plus the MBA, plus trust and familiarity will make a career change easier.

PDB: I wasn't so much naive as ignorant of what HBS would be like. I didn't come from a profession where lots of people went to business school. I wasn't surprised that people were like they were - but given all that we heard from the most successful business people, Buffett/Paulson/Whitman, about work-life balance, I thought people should have taken that stuff more seriously. As I say in my book, I made a lot of very good friends at HBS and admired a lot of my fellow students. Anyone reading the book as a whole - and not just the reviews - will see that. I think the best thing to do to educate yourself is find people who have been to business school and ask them. Also ask people you admire - would I benefit from this? Match only really matters if you're fortunate enough to get into a bunch of schools. Otherwise, you go to the best one you can.

AI: You write about some of the difficulties you had as a humanities guy with no quantitative or business background. How can other humanities or liberal arts types best prepare themselves if they think they want to pursue a management or business education?

PDB: Oh, this is just practice. I hadn't done math since I was 16. I had never opened Excel. You have two years to figure this stuff out, which I did. It's a hassle at first, but short of taking an Excel course before getting on campus, there's not much you can do. You pick it up pretty fast once you're there - but just have to swallow your ego while you're trying to catch up.

AI: HBS says its mission is "to educate leaders who make a difference in the world." In your book, Ben asks, "I wonder why the school can't just admit that its job is teaching people how to run profitable businesses? Why does it even think that leadership is best taught through courses on business? I mean, if it is really leadership they want to teach, why don't they have us taking history or religion courses or spending the weekends with the Marine Corps?" Do you agree? Do you think leadership can be taught in a classroom?

(I do know your thinking process changed, and that you found that valuable: "Despite my frustration at being so far behind my classmates technically and in my basic knowledge of business functions, I knew that my intellectual apparatus had toughened. I saw things in the world that I had not seen before. I looked at facts and numbers a different way" -- but that's arguably different than leadership skills.)

PDB: Yes, leadership can be taught. Not in the sense that you're teaching people how to be Churchills or Roosevelts or Napoleons even. Just in the sense of helping people think about managing organizations. Every CEO we heard from said that people management was the biggest part of their job. And this didn't mean making big speeches. It meant hiring and firing, establishing a culture, setting the right incentives - and there is a large academic component to that, in addition to any personal qualities a leader might have.

AI: You took a somewhat dyspeptic view of the HBS culture, which in parts of the book sounds like a cross between American Pie fraternity antics and some kind of EST/Maoist reeducation camp. Do you think that's unique to HBS vs. other business schools? And was perhaps your age a factor? Your non-American-ness? I got the impression throughout the book that the other non-Americans were similarly nonplussed by those parts of the HBS culture. Thoughts?

PDB: Yes, being older made me look at it differently. I was married with a child - therefore not going out to Boston nightclubs midweek. Yes, I'm British, but I've lived in America since 1998, except for 2.5 years, and my wife is American, and my grandfather, aunt and cousins are American.... so I'm not entirely "not American." Yes, I think the foreigners did find it strange. American college culture is somewhat startling to foreigners. I know it's not unique to HBS. But perhaps the contrast between the seriousness in the classroom and the frat-ishness of much of the social life was more glaring. But again, I think this exists in business culture more broadly - you have companies preaching corporate social responsibility in the morning and then doing quite irresponsible things the rest of the day. Would the more exotic nightlife of Las Vegas exist, one wonders, without business expense accounts? I think people outside business are more sensitive to this hypocrisy.

AI: In your book, your classmates come in for quite a drubbing on the ethics front. I'm thinking in particular of the "financial aid BMWs" and the large proportion of the class (3/4 or thereabouts) who thought it ethically permissible for applicants to seek access to an admissions server that they knew to be unauthorized. There seems to be a big disconnect between the values of Dean Clark and his students. Thoughts on that? And do you think ethics can be taught in the classroom?

PDB: Ethics can certainly be discussed in the classroom - but can the ethics of students in their mid-late 20's actually be changed? Not so sure. I did find the discussions thought-provoking though. I'm not sure I give my classmates a "drubbing" about ethics. I'm in no position to do that! What I do discuss, however, is the contrast between what I describe as the rather excessive - and unrealistic - piety of business ethics as we discussed in class and the reality of how most people, business students included, actually behave. HBS took ethics extremely seriously - and kind of sets itself up to be beaten up when its alumni cause the collapse of Enron, and now have their fingerprints all over the current financial mess.

AI: You write in the start of the book that it was not intended as an "inside raid." I hear that some people at HBS nonetheless took it that way. One could argue that you wanted the upside of the brand and the network, but then violated a tacit compact with the HBS community by writing an exposé. In the book you express a lot of appreciation for the power of the HBS network. Do you think you've compromised the value of that network (to you) because you've written the book? Has there been any other kind of fallout? Am I wrong entirely -- perhaps it has increased the value of your network? Why did you write the book?

PDB: I wrote the book because I thought it would be interesting and useful to do so. And because I was offered an advance by a publisher. I knew elements of my experience were shared by many of my classmates. And I think at both HBS and many big firms, one is expected either to be a 100% booster, or a bitter critic. The truth is one can be ambivalent. I say that HBS was about 80% great and about 20% weird. Most people I know who went there agree. I know some people are upset. That's fine. I don't think I violated any compact. I didn't become a Free Mason when I went there. I attended an educational establishment and paid handsomely to do so. And I wrote a book that is honest and true. For every attack I've received from the school, I've received messages from classmates and other alumni thanking me for being so honest about the experience. So I'm ok with that.

AI: You acknowledge that "the Harvard Business School classroom is a safe learning environment, a place to experiment and make mistakes...." and that's why you cloaked the identities of your classmates. You decided not to do so for professors, because you think that they have a "public role." That's not as clear to me. Don't they experiment and course-correct as well? Aren't they entitled to some expectation of privacy in the classroom?

PDB: No. They are paid extremely well for their work at HBS and earn even more from outside gigs linked to their role as HBS professors. Most professors come off well in the book. I'm only actually critical of one. They can experiment and course-correct, fine, but I was paying the school $100 per class. I think I'm entitled to do what I did with the experience.

AI: How would your wife reflect on your MBA? Is she glad you went? Any advice she would give prospective business school spouses?

PDB: My wife enjoyed it, I think. We met lots of interesting people and I was around a lot when our second son was born. The only challenge was going back to a student life and budget after living like grown-ups for so long. But that was pretty easy, and rather refreshing. Advice? Be prepared for your other half to become a navel-gazing egotist while going through the process.

And a nice bonus for people working on their Round 2 HBS essays right now: Philip also had some advice for people writing the "career vision" essay (optional this year, but in my opinion still highly recommended):

PDB: I don't think HBS wants to hear "I want to make VP at 30 and MD at 35 and partner at 40." They want to hear that you have some sense of where you want to go: do you want to be in finance, do you want to manage a factory, do you want to be entrepreneurial? Or in my case, do you want to take your proven skills in writing, journalism and being a foreign correspondent, add on some business know-how and go write your own pay check - somehow. Anyone applying to business school should be able to come up with something which is consistent with their life and professional ambitions.

One of the hardest things to sort out in law school is whether to choose a litigation or transactional career. Law school training (at least the required part) is notoriously biased in favor of litigation, so the burden is on law students to figure out whether they want to default into a litigation career or seek out training for a transactional practice.

Prof. Jeff Lipshaw has some great postings on how to go about deciding whether transactional law is a good fit. Check them out here and here.

By the way, you are forgiven if you are a law student and don't even know what a transactional practice is. (And when transactional work is slow at law firms, as is the case on a fairly cyclical basis, even first-year lawyers walk the halls asking themselves, "What's a 'deal' anyway?") Prof. Kenneth Klee has written a great paper on transactional law, and you can also check out Columbia Law School's transactional program (arguably the best around) to get a sense of what's involved.

Note, too, that transactional work can get very specialized. For example, my old law firm (Irell & Manella) has sub-groups focusing on art transactions, intellectual property transactions, and IPOs and private placements (among others).

Edited to add: Prof. Lipshaw kindly sent this follow-up to his original posting, with an emphasis on in-house counsel positions. I have a posting on in-house roles here as well.

In other news... I'm excited to welcome a new member to our team. Jennifer Lee will be offering career coaching to college students and graduates who are considering business careers (finance, consulting, etc.) and/or MBA degrees. Below is her bio, which gives a sense of the interesting twists and turns one's career can take. Jennifer spent eleven years as a cello student at Juilliard before attending Harvard College, where she played varsity lacrosse, founded a conductorless orchestra and double majored in Music and Anthropology. She earned her M.Phil. in Musicology and Performance at Oxford (Lincoln College) and currently attends Harvard Business School for her MBA. She spent a year at a music conservatory in Freiburg, Germany, and her solo and ensemble performances have taken her to France, Germany, Italy, Switzerland, Japan, and South Korea. Prior to HBS, she worked as both a for-profit and nonprofit management consultant. Most recently, she has worked at JP Morgan in London as an investment banking summer associate in the Technology, Media, and Telecom Group. Jennifer is conversant in German and Korean.

One of the really interesting things about Gen Y is how dramatically its preferences are driving changes in everything from workplace policies to luxury goods marketing to real estate development.

Last week, I headed over to the Boston Society of Architects to hear a talk by a woman named Persis Rickes about ways in which architects who design for universities need to be thinking about what Gen Y wants out of its academic and living spaces.

The talk was in many ways a primer on Gen Y for an audience that didn’t know much about this generation. Dr. Rickes did a great job pulling together some of the basic information about Gen Y (much of it culled, with attribution, from the seminal work Millennials Rising by Neil Howe and William Strauss). I was most interested in the following points from the talk (and for clarity, I'll break out the parts that are my own editorializing):

Many buildings will be around for 50 or 100 years -- how do you design a building that may already be outdated 10 years from now?

Just ten years ago, university architects were putting jacks in every wall on the assumption that everyone would want to be able to plug in anywhere for internet access. Of course, today everyone expects wifi, and all that wiring isn't getting used. Wired? That's so last millennium. Trying to predict what people will want out of their spaces for the next half century is perhaps a quixotic exercise, but architects are trying to be as forward-thinking as possible.

What about the ideal architecture for Gen Y? Part of that depends on their aspirations, which brings us to:

Gen Y is civic minded, socially conscious, dedicated to justice and the environment, and involved in a variety of causes.

Gen Yers expect to learn in real-life scenarios to prepare for their careers after college, and colleges need to be building the equivalent of “moot court” classrooms for students to get hands-on experience that approximates what they’ll face out in the real world. Students expect opportunities for real-world internships and service work. Schools need to offer “blended spaces” for teaching and learning a mix of academic and practical skills.

Anna says: This desire flies in the face of the mission of a liberal arts education, which values teaching you “how to think” over teaching specialized or pre-professional skills. But even at staunch liberal arts colleges, students are demanding hands-on experience through their extracurricular activities and internships, even if they don’t receive academic credit for them. Schools will need to think about what kinds of spaces they’re offering for hands-on training and learning, whether that happens as part of the curriculum or as an extracurricular activity.

I also wonder what it means for business schools that an entire generation is obsessed with social or environmental justice jobs (that's not the best short-hand and doesn't really cover the whole range, but I'll use it for these purposes). I personally think it would be impossible to do good without the private sector, but I suspect that business schools have a marketing problem on their hands with this cohort, and it explains the big uptick in social entrepreneurship and corporate citizenship offerings at business schools.

It also explains why so many college students are flocking to law school. I often talk to people who think they can litigate away the world's big problems -- poverty, hunger, international conflict, and war -- and they have every expectation that they’ll do so while making six figures or more in the process and living a somewhat glamorous life. (Brangelina and Bono have created some unreasonable expectations.) The social justice jobs are definitely out there, but many people I hear from struggle with the paychecks associated with those jobs. Sometimes people come out of school with unrealistic expectations about what kinds of salaries they can command in a certain job or with a certain diploma hanging on the wall, and those expectations (reasonable and unreasonable) are a big subject of this whole blog more generally.

Because realistic expectations are so important, it is absolutely necessary for college students to observe different jobs first-hand, whether it's through an internship or some other avenue.

Gen Y is obsessed with achievement and is really, really stressed out.

Gen Y is under a lot of pressure to achieve and excel. They like conformity and rules, because conformity and rules relieve some of that pressure. They have an overachiever culture. They know that they are being measured. They want constant feedback.

That means schools will need to offer a lot of tutoring and testing help, as well as spaces where those services can be accessed 24/7. Students also want a lot of very nice extracurricular spaces to blow off some of that steam, and there’s also increased demand for spirituality and meditation spaces. They also need spaces to be overachievers and show off their work, for example through state-of-the art performance halls.

Anna says: This has absolutely been my experience counseling Gen Yers for the last eight or so years. They are so worried about making the slightest mistake, because they feel that the stakes are so high, and I continue to grapple with the best ways to deal with their high anxiety levels.

This is a generation for whom mental health treatment and mental health prescription drugs are fairly routine, and I wonder how people who work with, manage, counsel, teach, and mentor Gen Y can best prepare themselves to work with these high anxiety levels. It's not specifically what most of us are trained to do, but maybe we need to be. From time to time we hear awful stories about college students going over the edge in one form or another, and I'm intrigued by Cornell's efforts to train the university community to deal with anxiety, depression, and other mental health issues.

More generally, these are the most risk-averse people I’ve ever encountered, and they fear doing things on their own (more on that below in the teamwork discussion). The kinds of questions people run by me every day reflect that fear. (“The application instructions say to put my name in a header. Could you please look at my header and sign off on it before I submit?”) Part of that phenomenon I also attribute to their parents (more on that below too). Part of our challenge as mentors for Gen Y is to help them develop their confidence to make decisions on their own when they are feeling that immense pressure to spread the risk. It's an interesting contrast to the strong confidence they feel in other ways (the next topic).

Gen Yers all think they’re special, don’t leave their parents behind, and want everything tailored to them and at their disposal 24/7.

Gen Y requires constant praise, much of it gratuitous, and feels entitled to it. Their parents have fed this sense of entitlement by making their kids feel as if they are the center of the universe, and the parents’ lives do indeed revolve around their kids. Gen Yers are sheltered and overprotected. They expect everyone else to jump at their say-so and are supremely confident -- some would say over-confident -- in their abilities.

For space planning, this means that Gen Y students expect 24/7 access to people and spaces and services, and schools will have to provide the technology to enable that kind of access. They expect private bathrooms and showers, single dorm rooms and apartments, and customized everything (such as cafeterias with 24/7 access to vegan food or whatever the case may be). They expect top-of-the-line health and wellness centers, academic support centers, and larger admissions offices (because they bring their whole families along).

Anna says: Yep - I’ve already said plenty on this subject (here and here -- note that the posting you're reading now will show up at the top of both links, so you'll have to scroll down for the older postings). The brouhaha over this recent voicemail is the perfect example. (Gen Y high school student finds it completely appropriate to call the COO of his county school system -- at home -- to complain that classes haven’t been canceled after three inches of snowfall; COO’s wife leaves an angry voicemail telling the kid to “get over it”; kid then posts the COO’s email and phone numbers on facebook.)

I'm also reminded of something an admissions officer once said to me: "With Gen Y's parents, their kid is always gifted or learning disabled. Those are the only two options." It's no accident that their children take that self-perception with them to college and into the workplace.

Gen Yers are always part of a group.

As much as they all want their own dorm rooms and bathrooms, they spend all their time together, travel in packs, work together, and study together. They therefore need lots of informal spaces that let them learn and study in groups.

Anna says: I've noticed that they also like to work on their applications in groups. Their college and grad school essays get passed around all over God's creation for feedback from parents, friends, neighbors, you name it. That's why so many essays read as if they were written by committee... because they were written by committee, and that rarely makes for a good essay, because the applicant's voice gets completely lost in the shuffle.

On an unrelated note: I've observed that Gen Yers also like to date in packs. In a way, it's not even a date at all, at least as someone Gen X or older would understand it.

Gen Yers multitask.

They need blended spaces for work and play because they’re never doing just one or the other.

Anna says: Definitely true. Whether they’re surfing the internet while in class, writing a paper at Starbucks, or instant messaging every five seconds while studying for an exam, this is an "ADD" generation that can’t focus on one thing for any length of time -- not necessarily because they literally have ADD (although some of them do, and that can compound the challenge), but because competing technology is always pulling them away from the task at hand. In that sense, young or old, we're all ADD'ers now, certainly in the workplace, but Gen Y takes multitasking to new extremes.

I wonder whether it’s a good idea for schools to accommodate this need to multitask. I know professors don’t like it when their students are buying shoes online during their lectures, and there has been some research showing that the human brain just doesn't do things all that well when it's multitasking (a lesson for us all, myself included). Just because Gen Y (or anyone, for that matter) wants something, does that mean it’s always good to give it to them?

Gen Yers are respectful of authority.

I’m not sure how respect for authority plays itself out in architecture and space planning, but the architects in the room found this characteristic very interesting.

Anna says: I disagree strongly with this characterization of Gen Y. I think the confusion on this point comes from a Boomer baseline of what it means to defy or disrespect authority. I suspect that in Boomer minds, if college students aren't lighting fires, smashing windows, and threatening to burn down Yale like in the Boomers' college days, then Gen Y must be pretty respectful of authority. And it's true that Gen Y, because of that risk-aversion I discussed above, doesn't like to rock the boat the way Boomers seemed to take a certain kind of pride in doing. But I would argue that Gen Y's admirable refusal to destroy things doesn't mean that they are respectful of authority.

Aside from that voicemail example I linked to above, I'll also point out the following:

I get an earful all day long from employers when they hear that I write about Gen Y. I hear about Gen Yers marching into the workplace thinking they can do the CEO’s job better than the CEO, and sometimes even saying so out loud. They expect management responsibility their first day out of college. I’ve even heard one employer tell me about a recent college grad who, on being given certain instructions, rolled her eyes, threw her pen on the table, and said, “That’s the stupidest idea I ever heard.” That loud thud you hear is the sound of jaws dropping at workplaces across the country.

I routinely have applicants tell me, in effect, “Yes, I know you were an admissions officer, but here’s why I think you’re wrong.” I get some level of push-back just about every day. I do want people to disagree with me, because I know I'm not omniscient and often the input is helpful. Still, I'm curious that there is so much push-back when it's my expertise and experience they're seeking out in the first place, and I get that only from Gen Y, and the younger set of Gen Y in particular. It's interesting.

I hear this kind of feedback from professors as well, who are also surprised by the way in which their students communicate with them, and the ways in they make demands. For example, I have heard from several professors who are shocked to receive what they consider shamelessly casual emails demanding (not asking for -- demanding) special considerations, extensions, etc. These professors are also, in some cases, shocked to be referred to as "hey john" or whatever their first names happen to be.

Over the years, all this leads me to conclude that this is not a generation that as a group respects authority, experience, age, or a higher position on the org chart, although individual differences certainly occur (as with any of these generalizations).

On this subject, one of my Gen Y colleagues pointed out the following to me -- great food for thought:

While Gen Yers may not have respect for the trappings of authority (emailing profs with first names, office etiquette, etc.), I think they have tremendous respect for the value of authority. That is, they know what it means to be ranked X, or in position Y, or to be offered a job at a particular bank or office. They also know what it means to "know" someone in authority -- how to pull strings, ask for favors, and use connections to authority figures to advance their careers, percentages (of admission?), etc.

I recognize that this is a wholly different "respect for authority" than that term usually involves, but it it still a type of respect. It's a respect for the power of authority -- for the access, advancement, and "step skipping" that authority can grant you (i.e. if you "know" someone you can avoid some of the bottom rungs of the ladder).

So in that sense, I don't think Gen Y is entirely disrespectful of authority. I think the concept of "authority" has changed; instead of authority being representative of "the man," it's about "the connection," the "hookup," or the favor. Why apply through HR if your father's partner can put your resume on the desk of an executive? The recognition of the executive's power is a certain "respect" for his authority. Not the same type of respect we're talking about, but a respect nonetheless.

There were a lot of other interesting nuggets at this talk, but I’ll conclude by asking the following:

Anna Also Says: This stuff doesn’t come cheap. Who's paying for all of this?

I know applicants who decide where to go to college because one school has a cool rock climbing wall or that other school’s dormitories have seen better days or that school has the best cafeteria.

Somewhere in the application frenzy, the big picture seems sometimes to get lost. This country club approach to college doesn’t come cheap, and when Gen Y complains about its staggering student loans, I have to wonder who they think is financing those Olympic size swimming pools, state of the art performance halls, 24/7 access to freshly prepared vegan menus, spa-like wellness centers, and so on. That lifestyle is very expensive, and college students are paying for it with a staggering amount of borrowed money, plus interest.

It makes me wonder what some people's priorities are, what they're looking for in their college experience. Sounds to me as if some of them want a 4, 5, 6-year stay at Canyon Ranch rather than the best education they can find. I don't knock any of those wonderful features -- I know I would have loved them when I was in college too -- but I see some people focusing a lot on the immediate benefits and not on the long-term costs.

It also becomes very clear to me why many college students find it such a shock to join the real world after college, when they no longer have student loans to fund such a posh lifestyle. No wonder most of this age group moves back in with mom and dad for some period after school. This goes back to my theme of expectations and figuring out what's realistic and what isn't.

I heard one university representative at the talk say that her college had to offer this lavish lifestyle because that’s what they have to do to compete for applicants. Having been an admissions officer, I understand the pressures schools face to attract applicants. I do wonder, though, about the college administrators and trustees who are perhaps allowing their educational missions to be compromised too much, the parents who are letting their kids pick a college based on a rock climbing wall or a cafeteria menu, and the magazine rankings that reward schools for increasing their expenditures per student. Something is out of whack.

17-year-olds are 17-year olds, and I don't fault them if they are still figuring out what their priorities are, how compound interest works, and what kind of life they want to be living five or ten or twenty years down the road. And it’s our job, as the ones with a bit more life experience, to help them think about those things (even if they're not always inclined to listen to us).

Can entrepreneurship be taught in the classroom? Many business schools (both undergraduate and graduate) seem to think so, and they are booming. In an article in the current University of Cambridge alumni magazine, some entrepreneurs weigh in on what makes them successful.

The always excellent Penelope Trunk has a great article in today's (technically tomorrow's) Boston Globe about the best timeline for different graduate degrees. Check it out here.

I wouldn’t have guessed that I’d finish out the year 2007 by giving a talk at an event headlined by Jack Welch, but that’s what happened last week when I was a panelist at the Massachusetts Conference for Women, talking to thousands of women who came to hear about career choices, entrepreneurship, and all kinds of other goodies.

Welch was one of the keynote speakers, and while I overheard quite a bit of grumbling from attendees about the fact that a man was giving the keynote address at a women’s conference, I personally couldn't care less if he were a man, a woman, or an alien sex. A chance to hear what's on Jack Welch's mind? Sign me up. Here are some of the highlights.

What makes a great leader?

Welch says there are 4 E’s and a P of Leadership.
(More on the four E's here, here, and here.)

Energy – Leaders are people who love to "go, go, go." They possess boundless energy and get up every day ready to attack the job at hand.

Energizers – Leaders know how to spark/motivate others to perform. They outline a vision and are able to direct other people to carry it out. Energizers know how to get people excited, and they are able to give credit when due and accept responsibly for mistakes.

Edge - Those with edge are competitive types. They know how to make the really difficult decisions, such as hiring, firing and promoting, never allowing the degree of difficulty to stand in their way.

Execute - The key to the entire model. Without measurable results, the other E's are of little use. Executers recognize that activity and productivity are not the same, and they are capable of converting energy and edge into action and results.

Passion – You’ve got to have passion in your work. If it’s not making you wake up happy every day, don’t do it.

Networking is Secondary

“Networking is nice, but the key is to OVERDELIVER and make your boss smarter. Show your boss you have what it takes.” “Delivering the goods” is huge. Go the extra mile if you want to move up. Do not look for other reasons or ways to get promoted – DELIVER.

Work-Life Balance

“Work life Balance? Who made up that term? There’s no such thing! There are work-life CHOICES.” Then he told a story of how he pretty much never saw his kids when they were growing up because he made the choice to run GE.

How to Recruit Talent – Things to Look For

1. Authenticity – Are they real?

2. Resilience – Not “if” they get back up on horse, but “how well.”

3. See Around the Corner – What’s next? Keep your superstars.

Closing tips from Jack

1. Boredom is deadly. Get pushed by your mentors and peers to the next level.

2. Never be satisfied – keep reaching and stretching.

3. See yourself where you want to be. Jack says: “I see myself as 6 foot tall, with hair.”

There has been much wailing and gnashing of teeth after the LSAT this past weekend, so I wanted to share this story abut Sara Blakely, who founded a $150 million company after she choked on the LSAT. The company is called Spanx (cheeky, right?), and they make the insanely popular footless hosiery sold in fancy-pants stores like Neiman Marcus and featured on Oprah's "Favorite Things." Not a bad outcome for someone who "failed," although I'm sure she felt pretty crummy in the days after the LSAT. It's a great reminder not to let one test define who you are or what you're capable of in life.

From the BusinessWeek article: Q: You've said that failure was a huge part of your success—how so?

A: Because I failed the LSAT. Basically, if I had not failed, I'd have been a lawyer and there would be no Spanx. I think failure is nothing more than life's way of nudging you that you are off course. My attitude to failure is not attached to outcome, but in not trying. It is liberating. Most people attach failure to something not working out or how people perceive you. This way, it is about answering to yourself.

Just discovered the blog Bum No More ("Off the Couch, Out the Door") after it linked to my 8 tips for recent college graduates. I've spent some time poking around there and found a lot of great advice on many of the same topics I write about here -- go check it out. Oh, and I love the little logo.

Enjoyed this article in today's WSJ about a Harvard Business School graduate and former investment banker who now works as one of the country's few female high school football coaches, in Texas no less. An excerpt:This spring, Ms. Myers interviewed for a job at Bishop Lynch High School in Dallas where she had served as the tight ends coach in 2003, the year the team won a Texas state championship for private and parochial schools. She said the team's new head coach, Bill Persinger, told her he couldn't hire her because there are too many people who doubt that a woman truly understands the physical and aggressive nature of football -- or could be capable of imparting it to the players.

Mr. Persinger said he mainly wanted to hire someone with more experience in his offensive system, but that Ms. Myers's gender, and the likely protests that would come from parents if she was hired, were factors in the decision, too.

To get her current job at Prince of Peace, she disguised her gender by applying under the name S. "Chuck" Myers. Doug Pevehouse, who had just been hired to start a football program at the private Christian school in the Dallas suburb of Carrollton, said he had no idea what the initial stood for. "If it would have said Susan, I probably wouldn't have called," he said.What's next? Condoleezza Rice as NFL commissioner?