How to start a PhD with no money
We understand that some Motherland Moguls are working towards a career in academia. It could be because you’re looking to add Prof. before your name or you just want to further your studies. Chances are you’ve looked up the cost of studying a PhD and balked at the price tags. Because SLA always has your back we spoke a self-funded PhD student. Oreva Olakpe is not only studying for a PhD in international law focusing on African migrations, she’s also an entrepreneur and a hustler. She’s self-funded her way through school so we knew she’d give some great tips. Why self-fund a PhD? Finding funds for a PhD is hard. Most of the funding out there is based on the interest of people that have the money. If they are not interested in what you are doing, there’s nothing for you. If you’re from a country that doesn’t have the money to fund research on their particular field. Don’t feel too bad though. Well, the issue with funding is that it can suck out the creativity of your work. Especially when funders want to dictate where your research goes (and if they can, they will). When you self-fund, your research is in your control and you can go wherever you want with it. Don’t get us wrong, it’s very difficult to be self-funded. In Oreva’s program, there’s just one other self-funded girl. And guess what, both of them are African. There’s nothing Oreva didn’t do to pay for her living costs. She says, while there is a joy in knowing that your efforts are paying for your research, it’d be wrong to glorify it. So if you’re ready to walk down the self-funded path, be ready to do all sorts of things to make money… Save up First of all, don’t jump straight into your PhD from your masters. Have a year to figure out things financially. Find a 9-5 that pays well and start saving ahead of school. “For me, I only managed to save up a bit of money. What was able to help me get through the stress was doing entrepreneurial activities.” Apply for (small) grants Any PhD student is familiar with the grant application process. Grants can be very competitive and the trick to get through them is to apply for many. “I got tiny grants from different organisations as opposed to the big funding that most people get.” Small amounts pouring in from different organisations can come up to a lot. For Oreva, grants paid for all her international flights. For her fieldwork, she spent a couple of months in China and grants paid for all that. When money comes in from different sources, you can take care of annoying things that suck up your funds without you knowing (like transport and food). There’s no shame in applying for all the grants. Also consider applying for a scholarship. A fair warning though, there is not much out there for Africans in social sciences. Have a support system “The most important thing that helped in cases of emergency, was family members.” Just because you’re self-funding doesn’t mean you shouldn’t ask for help when time calls for it. For Oreva, family came through when she needed her tooth removed and did not have cash at hand. Her mom and sisters are deep in the entrepreneurship vibe and this supported and inspired her hustle. Oreva credits them as her motivation to try business ideas as a source of financial and intellectual freedom. Friends came through when someone smashed her laptop screen —the most important thing for a PhD student— and she needed to repair it. Another way family and friends pull through is with connections. If you need to do fieldwork in certain locations, they can help make things easy for you. The important thing is to have a support system, whether its your family, friends or the investment your parents put in your name. Get your hustling gear on Oreva has sold clothing (ankara), artwork and jewellery that paid her a lot. In addition, she does a lot of freelance writing and has worked with blogs while also writing academic articles for companies. While she lived in China, Oreva was also an IELTS tutor and French tutor. It seems if there’s one thing self-funding a PhD will do, it’ll improve your entrepreneurial spirit. Academics are associated more with the library than the marketplace but the truth is entrepreneurship fits into any career. Academics can also be entrepreneurs. “A lot of the African students I know are hustlers.” In SOAS, where Oreva studies, there’s a market for students. Maybe it’s unsurprising that most of the people selling at the market are African students. Some sell jollof rice, buns and chin-chin while others sell jewellery, bags, homemade beauty products, soaps. Find ways to cut cost “I don’t stay in London but in my family home in Nigeria. This way I don’t have to pay that high rent.” You don’t have to be physically present at campus for most PhD programs. To cut costs further, you may also consider studying something that relates to you or to your country. Oreva’s case study is focused on Nigeria. Pick research topics that will be cheap for you. This way your networks will come through. For example, when you have to travel to conduct research in your home country, chances are people will be more willing to help you. And it doesn’t have to be people you know. It can be local universities coming through because they see the value of what you’re doing. Did you enjoy this article? Sign-up for our newsletter to get even more amazing content directly in your inbox. Click here.
Want to go to Harvard Business School? Here’s how these African women made it happen
Harvard Business School is arguably the world’s most popular and influential institution of business education in the world. With alumni leading the globe’s most powerful companies, it’s no wonder that many Motherland Moguls have HBS at the top of their list for their MBAs. We’ve caught up with two HBS students to learn about why they chose the school, the strategy they used for their applications and their best resources during the application period. Maimouna Diakhaby MBA Class of 2016 Country of Origin: Guinea Pre-MBA Job: Business Analyst at Rio Tinto Favourite Class: Managing International Trade and Investment Why did you think an MBA was the right step for you in your professional journey and why did you think HBS was the best place for you? After 4 years of work experience, I knew it was time to round my analytical skills with leadership and management skills. I was also looking for an education that would give me a comprehensive understanding of how different parts of an organization fit together to create value. While there are amazing programs in the US for any aspiring student, my first choice was Harvard Business School for 2 keys reasons: First, the school’s leadership focus was not only used for promotional reasons but also embedded in the entire curriculum. At HBS, every case discussion puts you in the shoes of a leader (CEO, head of state…) and forces you to make a decision that could change the course of an organization. The school attracts, selects and shapes individuals who are striving for technical excellence and looking to have an impact and influence the environment they live in. The other reason I chose HBS relates to the school’s branding in Africa. As a woman looking to contribute to the continent’s development, I wanted to get a degree from a school with a strong reputation. In fact, women are too often relegated to more “feminine” roles and rarely taken seriously in some regions. The HBS network and reputation in Africa will hopefully allow me to break those barriers and focus on creating value. How did you stand out in your application and show the admissions committee what you could offer the school? It’s really hard to isolate what made me stand out. The admission office states that it looks for a well-rounded applicant and that all aspects of an application are equally important. In my application, I just tried to convey my story in a coherent and comprehensive way. I made sure to present all aspects of my background- strength and weaknesses included. I strongly believed that if HBS was truly a place where I would thrive, my true ambitions and flaws would be accepted. I also believe that showing that I was a “balanced” prospective student played an important role. The typical HBS student has had a successful career coupled with strong extra-curriculum involvement that truly reflects their passions. What area of your application did you spend the most time on and what was your strategy? I spent the most time crafting my essay. I must have read it a thousand times (no jokes). I really wanted to make sure that it was an accurate reflection of my personality and would effectively allow the admission team to assess the kind of leader I was aspiring to become. It is really important for prospective students to make sure their essay is coherent with the rest of their application. Also, use it as a platform to introduce yourself without exaggeration or disguise. What resources/websites/programs were helpful for you during your application process? GMAT Club is a fantastic resource. Most MBA students I know have referred to it at one point or another. People use it to ask questions, share information with other applicants or just learn useful tips on the gmat. The Manhattan GMAT preparation books were also my go-to reference while prepping for the test. READ MORE: Founder of MBA Mama shares with us her advice on successful family planning during your MBA Sola Olaniyan-Bright MBA Class of 2016 Country of origin: Nigeria Pre-MBA job: Adidas Group Finance, Germany Concentration at HBS: We don’t have official concentrations but I’ve had the most electives in the fields of Entrepreneurship and Start-up Finance. Favorite classes so far: Three come to mind: 1. Entrepreneurship and Global Capitalism: a business history course that studies the lives and journeys of successful businessmen and women from the 18th century till date. I loved this class because it challenged us to study different aspects of the world’s biggest entrepreneurs and to form our own opinions on the decisions they made from a financial, moral, and ethical standpoint which, of course, ended up being very personal for everyone who took the class. 2. Entrepreneurial Finance: We studied the mechanics of businesses, mostly start-ups, from idea to execution primarily through the lens of investing and other financing decisions. 3. Business, Government, and the International Economy (popularly known as BGIE): It’s macroeconomics in practice where we study a different country every class to understand the underlying drivers of their performance and sometimes predict the future of their economies over time. Why did you think an MBA was the right step for you in your professional journey and why did you think HBS was the best place for you? Pursuing a graduate degree is something I’d always known I wanted to do. Having studied Accounting at university and completed the ACCA exams (chartered accounting qualification), I was initially looking to do an MSc in Financial Engineering or something along the lines of strengthening my roots in finance. However, after 5 years in asset management and management consulting across various industries, I knew I wanted to go for a degree that would be much more than an academic exercise. I wanted a degree that would better equip me to be a rounded business leader by exposing me to as many different aspects of business as possible while keeping me globally competitive and this made an MBA a clear choice. I chose HBS for 3 reasons the brand, the learning style (case method), and the network. The brand is very strong especially on the African continent and of course beyond. The case method puts you in the driver’s seat of
Twitter Chat with Yasmin Belo-Osagie: Getting Into The Graduate School of Your Dreams (Mar 14)
Missed this event? Make sure you don’t miss the next one by joining our community today. [vc_row][vc_column][vc_custom_heading text=”Click here to follow She Leads Africa on twitter” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal” link=”url:http%3A%2F%2Ftwitter.com%2FSheLeadsAfrica||target:%20_blank” css=”.vc_custom_1457117576423{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 2px !important;padding-right: 2px !important;padding-bottom: 2px !important;padding-left: 2px !important;border-left-color: #1e73be !important;border-left-style: solid !important;border-right-color: #1e73be !important;border-right-style: solid !important;border-top-color: #1e73be !important;border-top-style: solid !important;border-bottom-color: #1e73be !important;border-bottom-style: solid !important;border-radius: 2px !important;}”][vc_column_text]Applying to graduate school can be an exciting but nerve wrecking time. Graduate degrees have the potential to help you add advanced knowledge and credentials to your CV and move up in the rankings at work. However, competition is stiff for the best programs and even qualified candidates can struggle when it comes to convincing admissions officers to allow them entry. Join us on Monday March 14 for a Twitter Chat with our very own Yasmin Belo-Osagie where she’ll help us figure out how to get into the graduate school of our dreams. Follow She Leads Africa on twitter and use the hashtag #SLAChats to ask your questions and participate in the discussion. Topics that we’ll cover: How to develop your application strategy The best study tools to help you prepare for the entrance examinations How to get letters of recommendations to help you stand out Tools to help you manage all of the different deadlines and requirements [/vc_column_text][vc_column_text]About Yasmin: Yasmin is a co-founder of She Leads Africa where she leads the events and offline programming team. Prior to starting SLA, she worked as a management consultant at McKinsey & Company where she focused on developing multi-year growth strategies for large organizations. She graduated from Princeton University (majoring in history) and is now mid-way through a JD/MBA at Harvard Law School and Stanford Business School.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Click here to follow She Leads Africa on twitter” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Oswald%3A300%2Cregular%2C700|font_style:400%20regular%3A400%3Anormal” link=”url:http%3A%2F%2Ftwitter.com%2FSheLeadsAfrica||target:%20_blank” css=”.vc_custom_1457420347838{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 2px !important;padding-right: 2px !important;padding-bottom: 2px !important;padding-left: 2px !important;border-left-color: #1e73be !important;border-left-style: solid !important;border-right-color: #1e73be !important;border-right-style: solid !important;border-top-color: #1e73be !important;border-top-style: solid !important;border-bottom-color: #1e73be !important;border-bottom-style: solid !important;border-radius: 2px !important;}”][/vc_column][/vc_row]
Divinity Matovu: You don’t want women dropping out of the workforce
She Leads Africa interviewed Cofounder and CEO of MBA Mama, Divinity Matovu. As a mother of two, she is pursuing her MBA at the Wharton School of the University of Pennsylvania with a focus on entrepreneurial management and finance. She has launched four start-ups, lived and worked in East Africa and prides herself on being a global citizen and an advocate for women’s empowerment. This is what she had to say about navigating family and career planning as an MBA Mama. “The biggest barrier for women with children interested in pursuing their MBA, women in business is: childcare. Many women find themselves saying: Oh, I have a child, I’m not going to be able to keep up. What will I do about childcare? Will I have any money going in? If we can develop something that helps women to save time and money on childcare, it becomes much easier to have a conversation and for them to continue advancing in their careers. You don’t want highly educated, highly qualified, and highly trained women dropping out of the workforce. Our brand, MBA Mama, makes visible: women who successfully maintain their careers after maternity leave and even women who have children during the MBA. We are an online platform that provides ambitious women with tools and resources to leverage an MBA, and strategically navigate family and career planning. Because of the childcare issues, there are a lot of women who are not at the table to lean in. That is not good for our economy or for business. We want to help women navigate having a child during their post MBA career so that they don’t fall behind their male peers, and so that they don’t feel like they have to drop out of the work force. From our perspective, an MBA is a great degree that women should leverage to have career advancement. Firstly, an MBA is a graduate degree with the highest return on investment. During the MBA program, you can gain a set of skills that are transferable to any industry and add value to any career. An MBA can increase your access to an excellent network. Lastly, the types of careers available post MBA have wonderful benefits.” Whether you’re a mother, a woman who is passionate about going back to school, a woman interested in starting a family or all of the above, Divinity provides you with these useful tips. Here’s her top three tips for a successful family planning during the MBA: 1. Timing is crucial There are quite a few women who are timing their ovulation cycle when pursuing their MBA. They work with their partners to make sure that they will be pregnant when they want to be pregnant. These women give birth during the winter break, which is 3-4 weeks. They come back that next semester, and for most of them, they are only taking classes maybe two days a week. There are also women who work to have children the summer before they start full-time work, and after they graduate. 2. Maintain consistent family time When I’m with my daughter, I’m with my daughter. I’m unplugged and not checking emails or on social media. My philosophy is: quality of our time together as opposed to quantity. Even though I’m really busy, that really helps us to maximize our time. So, figure out what time works best for you. Mornings are really good for us because we’re up and about and getting ready together. 3. Prepare for the week I do meal preps on Sunday. So, I cook many meals on Sunday and then I’ll Tupperware everything into portions so that throughout the first three days of the week I have all of my meals ready to go. We do take out Thursdays, so I know I don’t have to cook dinner that day. Fridays and Saturdays are easy, because I don’t have class. Sunday, I start my meal prep again. On her four tips on successful business planning: 1. Create your own brand I am an MBA Mama, and I see myself in my consumers. I’m investing time in the community and I hope that leads people to our brand. I launched the company and was very excited to get my partner Nicole on board. That was a challenge because I had to make sure that my vision was clear, and that I could get someone else to buy into the idea. 2. Gain Financial Skills Finance is central to any business operation. You can have a great brand and people can be excited about what you’re doing, but if you don’t know how to manage the money, if you don’t know how to read a balance sheet, and if you don’t know how to get your finances in order—nothing else really matters. 3. If you want to build an online community, communicate and be engaged Be engaged with your online community—whether that’s responding to a tweet or re-tweeting someone mentioning your brand, communicating with fans on Instagram or featuring people on your blog. By staying connected, people know that you actually see enough value in what they have to say. 4. Utilize Social Media! Finally, any of word-of-mouth that can help your business will be good for your brand. People love referrals because it’s a trusted source and it’s even more trusted than paid advertisements. Through our blogs people find us, and the women we feature also spread the word to their followers. Also, we feature women who share their stories through our “MBA Mama of The Month Initiative.” If someone can recommend your brand by word-of-mouth, that’s really the best way.