Business School   |   MBA   |   Strategies

How to Build a Personal Advisory Board for Your Business School Journey

The journey of pursuing an MBA is one that is filled with many exciting opportunities, challenges, and decisions to be made. Whether you are a fresh graduate or already working in the corporate world, the journey to an MBA is a significant undertaking that requires careful planning and preparation. One key aspect of this journey is building a personal advisory board. In this guide, we will discuss the importance of building a personal advisory board for your business school journey and offer tips on how to build one.
What is a Personal Advisory Board?
A Personal Advisory Board (PAB) is a group of people who provide guidance, support, and advice to help you achieve your goals. It is a group of individuals who have expertise in different areas and can offer diverse perspectives on various matters.

In the context of pursuing an MBA, a PAB can consist of mentors, coaches, professors, alumni, industry experts, and even peers. The purpose of a PAB is to help you navigate the challenges and opportunities that come with pursuing an MBA. They can provide guidance on academic matters, career goals, networking opportunities, and personal development.
Benefits of Building a Personal Advisory Board
There are several benefits to building a PAB for your business school journey. Here are some of the top benefits:
1. Access to Expertise
A PAB provides access to a diverse range of expertise. Each member of the board brings their unique set of skills, knowledge, and experience that can be valuable in helping you achieve your goals. For example, if you are interested in pursuing a career in consulting, having a PAB member who is a consultant can provide valuable insights and advice.
2. Accountability
A PAB can hold you accountable for your goals and provide the necessary motivation to keep pushing forward. They can offer support and encouragement during difficult times and help you stay on track towards achieving your goals.
3. Networking Opportunities
A PAB can help you expand your network and connect with professionals in your desired industry. They can introduce you to potential employers, alumni, and other professionals who can help further your career goals.
4. Personal Development
A PAB can help you develop your skills and knowledge in areas that are important for your business school journey. They can provide feedback on your strengths and weaknesses and help you identify areas for improvement.
5. Different Perspectives
A PAB can offer diverse perspectives on various matters. They can challenge your assumptions and provide alternative viewpoints that can help you make better decisions.
How to Build a Personal Advisory Board
Now that we have discussed the benefits of building a PAB, let's discuss how to build one. Here are some tips to consider:
1. Identify Your Goals
Before you start building a PAB, it's important to identify your goals. Think about what you want to achieve during your business school journey and what kind of support you need to get there. This will help you identify the type of people you want to include in your PAB.
2. Determine Your Needs
Once you have identified your goals, determine the type of support you need. Do you need someone to provide academic guidance, career advice, or personal development support? This will help you identify the expertise you need in your PAB.
3. Reach Out to Potential Members
Once you have identified the type of people you want to include in your PAB, reach out to them and explain your goals and needs. Be clear about what you are looking for and why you think they would be a good fit for your PAB.
4. Set Expectations
Once you have established your PAB, set expectations for how often you will meet and what kind of support you are looking for. This will help ensure that everyone is on the same page and that your PAB is providing the support you need.
5. Stay Connected
It's important to stay connected with your PAB members on a regular basis. This can be through scheduled meetings, phone calls, or emails. Regular communication will help ensure that your PAB is providing the support you need and that you are making progress towards your goals.

Building a personal advisory board is an important aspect of your business school journey. It provides access to expertise, accountability, networking opportunities, personal development, and diverse perspectives. By following the tips outlined in this article, you can build a PAB that will help you achieve your goals and succeed in your MBA journey. Remember to identify your goals, determine your needs, reach out to potential members, set expectations, and stay connected.
Related Guides