How the Full-time MBA helped me prepare for a career change
Full-time MBA / 27 August 2021
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Full-time MBA Class of 2020
Stefanos has worked in the healthcare industry for more than 9 years. He has held several positions in the areas of biomedical engineering and business development, working on various medical projects in Greece, the Balkans and Germany. In addition, he has gained experience in financial services in London and Frankfurt. In his most recent appointment in Switzerland, he is responsible for technical sales in the medical sector for hot melt based products.

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Before enrolling in Frankfurt’s Full-time MBA programme, I had 9 years of experience in the healthcare sector, working in Greece, the Balkans and Germany as a senior biomedical engineer and business development manager. I was responsible for a variety of medical projects related to medical devices, biotechnology, pharma and healthcare, not only from a technical perspective but also from a financial and business standpoint.

During these years, I also completed a Bachelors in Biomedical Engineering from University of Sheffield, UK and a Masters in Drug Discovery and Pharma Management from UCL, the UK which is currently ranked 8th best university worldwide. So, what motivated me to do an MBA at Frankfurt School? simple: a career change.

Why a career change?

After working many years in the healthcare sector, I gained increased interest in financial subjects such as M&A and Corporate Finance, which led to the calculated decision to obtain an MBA degree. I wanted to work in a bank that deals with the M&A process especially of pharma/medical device companies or join the financial department of a healthcare company. I knew there was a possibility that my career could suffer a small setback, but I was fine with it if I could achieve my goal of a career change.

The reasons for doing an MBA: on one hand I needed to develop a solid theoretical financial foundation to comprehend all the important concepts and terminologies, on the other hand, I wanted to network with professionals from the financial industry so that I could understand to what extent my decision was sound and feasible.

I chose the Full-time MBA, as it offered a specialized track in finance and a variety of events, such as the career fair or the boardroom meeting, where I could talk to executives or even former students that work at financial, healthcare and engineering companies.

Through the finance track within the electives courses, I was able to develop skills and enhance my knowledge in subjects such as M&A, Capital Markets, Corporate Finance and Green Finance. Towards the end of the MBA, I was confident in being interviewed for positions in finance, and I managed to secure the role of Finance Manager, where I was responsible for international construction projects in Germany, the Netherlands, and Greece. I also developed investment concepts and strategies in terms of properties and portfolios as well as monitored economic plans and budgets. But after 10 months, I took the unexpected decision to return to the healthcare sector.

Why did I decide to return to the healthcare sector?

I managed to achieve my goal with the Full-time MBA and change my career from healthcare to finance. Although I did not suffer any career setbacks, as I had a good salary and a mid-senior position, I came to the realisation that I was not passionate enough about dealing with financial matters as I thought I would be. I always give 100% in my work, but the “fire” was not there. As the ancient Greek philosopher, Heraclitus once said “day by day, what you choose, what you think and what you do is who you become.”

Any advice for future students?

  1. Never regret a decision you take!
  2. Fear regrets more than failure!
  3. In the end, you only regret the chances you didn’t take!

You will not know the full consequences of a decision unless you commit to it. In the process, if you feel dissatisfied with the results, there is always an opportunity for a change.