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Thread: Thinking about an MBA

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    Thinking about an MBA

    Is anybody here an MBA?

    Or does anybody have an opinion on the MBA?

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    Re: Thinking about an MBA

    Advanced education is always worthwhile. It provides experience with a variety of people, teamwork skills, presentation skills, critical thinking skills and many other benefits. It's not just about a piece of paper to increase wage, or prestige, or even knowledge in the field.

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    Re: Thinking about an MBA

    Quote Originally Posted by ecofarm View Post
    Advanced education is always worthwhile. It provides experience with a variety of people, teamwork skills, presentation skills, critical thinking skills and many other benefits. It's not just about a piece of paper to increase wage, or prestige, or even knowledge in the field.
    I also wonder how going for the MBA is different from and undergrad. Is the class style a lot different? Is the homework and exam structure different?

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    Re: Thinking about an MBA

    Some of my friends have regretted spending the extra money on their MBA. Because they ended up with jobs that only required a bachelor's. It depends on what you want to do.
    Quote Originally Posted by Mac77 View Post
    It could add fuel to the leftwing attacks on cops that was started by obama when he was president
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    Re: Thinking about an MBA

    I agree with eco that education is always a positive. As to whether it will help you reach particular goals depends on what those goals are. It may or may not improve your income. That depends on your career field and where you are in it right now.
    Formerly BrewerBob

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    Re: Thinking about an MBA

    What's motivating you, and where are you in your career/schooling?
    If in school still, an MBA is fine. If out of school, I think the value drops, I'd be more cautious about where I would invest that time/$, the older the less value (obviously). If you're in management and want to go further, in some companies/industries it can be a good play (as long as you have about 10+ years left in work?).
    Education is a good use of time, but there are hopefully later in life, many good things you can do with your time, and there is an opportunity cost. If you can juggle work and family and school...heck why not. Otherwise, i think it's good to evaluate it first.

    And if you're starting a business and already known in industry, it's got next to no relative value when you factor in opportunity cost. You can hire one or three if you think you need one. Although as ecofarm alludes to, if you do go MBA, don't treat it like a piece of paper, because that's a choice. Milk the entire experience, get to know the faculty and other students and get involved, even if you're not a people-person. The time and energy having good connections can save is sometimes more valuable than the degree itself. Having fun while doing it will be a cherry on top.

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    Re: Thinking about an MBA

    Quote Originally Posted by SheWolf View Post
    I also wonder how going for the MBA is different from and undergrad. Is the class style a lot different? Is the homework and exam structure different?
    From my experience (MSc, PhD(c)) and conversations with other grad students, these are the main differences:

    1. No multiple choice tests. It's all essay.
    2. A group project in every class.
    3. A presentation, generally powerpoint, (to the class, based on paper written by oneself) required in every class.
    4. Massive amounts of reading.

    It's highly focused on understanding (as opposed to memorization), formal academic writing ability, teamwork, presentation ability and ability to communicate complex concepts. It requires critical thinking in a way beyond undergrad work.

    Undergrad "homework" is expected to be 3 hours for every hour of class. Grad "homework" is 6 (? not sure) hours per hour of class. 12 credit hours is full-time undergrad, 9 credit hours is full-time grad.

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    Re: Thinking about an MBA

    Quote Originally Posted by SheWolf View Post
    I also wonder how going for the MBA is different from and undergrad. Is the class style a lot different? Is the homework and exam structure different?
    Yes, you will have much more sophisticated projects to work on. It is handy if you are already in the business sector because you can then use your real world job as the basis of the projects you work on and then take those projects back to your job and apply them in the real world.

    I don't have an MBA but I have had people who worked for me who had one or were taking classes for it and that is what they did.
    Formerly BrewerBob

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    Re: Thinking about an MBA

    Quote Originally Posted by Mach View Post
    What's motivating you, and where are you in your career/schooling?
    If in school still, an MBA is fine. If out of school, I think the value drops, I'd be more cautious about where I would invest that time/$, the older the less value (obviously). If you're in management and want to go further, in some companies/industries it can be a good play (as long as you have about 10+ years left in work?).
    Education is a good use of time, but there are hopefully later in life, many good things you can do with your time, and there is an opportunity cost. If you can juggle work and family and school...heck why not. Otherwise, i think it's good to evaluate it first.

    And if you're starting a business and already known in industry, it's got next to no relative value when you factor in opportunity cost. You can hire one or three if you think you need one. Although as ecofarm alludes to, if you do go MBA, don't treat it like a piece of paper, because that's a choice. Milk the entire experience, get to know the faculty and other students and get involved, even if you're not a people-person. The time and energy having good connections can save is sometimes more valuable than the degree itself. Having fun while doing it will be a cherry on top.
    This is good advice. I am thinking about it, but I may not need it. I am actually thinking of changing my career path and getting a new job. I am an accountant considering going from public to industry.

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    Re: Thinking about an MBA

    MBA is usually designed for after you've got some work experience. At least, the better programs won't admit someone without it. Thus it's usually less cutthroat than undergrad, and most will offer an evening program. There's no question though it opens a wide array of options in various industries. Loans are always a risk, but you can probably get away with not knowing precisely what you want to do with the degree, for now, as it's highly sought after.
    Quote Originally Posted by Gathomas88 View Post
    Slavery also doesn't necessarily have to be terrible.

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