getting an MBA?

posted 3 years ago in Career
Post # 3
Member
290 posts
Helper bee
  • Wedding: May 2014

@katherin788:  I had a music degree and decided that I didn’t want to perform for a living (you know, I want a family, want to see shows, go dancing or have fun in the evenings, not have a gig every night to pay the rent…), so I went back and got two degress: an MA and an MBA. My path was a little different than yours and I’m in fundraising for a non-profit, so I can have that steady, full-time job, but still be in the arts!

My friends who received the regular MBA did come out with jobs afterwards (and these jobs were better than what they had been doing beforehand) and learned a lot more about business in general, in addition to their chosen concentrations. It is very true though that the most important part of the MBA is networking: happy hours with other students, the after hours meet and greets with companies, etc. Then, you’d usually have an internship to give you real work experience in your concentration field. You have to apply for those internships but the school should be able to give you a foot in to get an interview. The school should also give you resume advice, interviewing tips, etc. If you take advantage of all the school has to offer, it will be completely worth it! Not all, but some of the students received a job offer after their summer internships. They completed their second year knowing that they had a job lined up for May after graduation.

If you are unsure about it, or can’t afford to go full-time, there are part-time and more intensive evening or weekend programs that do the exact same thing! 

Post # 4
Member
1327 posts
Bumble bee

I was seriously going to get my MBA but was advised to really think it through by one of my aunts.  All of my aunts have their MBA and the one who I was talking to said I should only do it if I knew for sure I’d start making twice what I make now or else it’s not worth it, because the degree is so expensive.  I’m still on the fence although, truth be told, if I had any extra money it’d go towards paying off my undergrad student loans and paying for a wedding…or even a place of our own. :/

Post # 5
Member
5684 posts
Bee Keeper
  • Wedding: May 2011

I’m getting my MBA part-time at the moment (70% done!). An MBA is primarily useful for networking so I think its worth is dependent on the school you attend and whether they target your industry. If you’re not interested in finance or consulting a lot of career centers are worthless. It also depends on what your industry values. An MBA at my office is pretty much necessary if you want to get into an senior level strategic role. I think an MBA isn’t worth it like 75% of the time.

Post # 6
Member
11668 posts
Sugar Beekeeper
  • Wedding: November 1999

@katherin788:  I usually tell people that it doesn’t really help but it can’t hurt (if you have the money for it at least!)  Simply having an MBA is NOT going to get you a job.  It’s the new bachelors – everyone has one and it’s not all that impressive.

I got my BA in Psychology, which you can do NOTHING with. I went to get my master’s in health care administration and my school just happened to have a track program where you could take a few extra courses and get your MBA, as well. I figured it was worth the extra $ and would help out.  It does help and it doesn’t. Everyone has an MBA these days so experience is still paramount. But, the extra letters combined with the right experience are a good combo.

If I were you, I’d continue working and do a part-time (night/weekend) MBA program. There are tons of them out there.  Also, my feeling is, if you aren’t going to Harvard, Yale or Wharton then it really doesn’t matter a whole lot where you get your degree from.  

Post # 7
Member
1468 posts
Bumble bee
  • Wedding: October 2012

If you really feel that an MBA would be beneficial to you in your career my advice is to let someone else pay for part of all of it.  Many companies have tuition reimbursement as a benefit.  You can get your degree part-time and pay only a fraction of what you would normally pay and it doesn’t put you at a disadvantage financially. 

Post # 8
Member
2576 posts
Sugar bee
  • Wedding: November 2013

@katherin788:  Honestly, I agree with PPs in that an MBA is very generic/broad and everyone has one. If you are looking for an advanced degree that will make you more marketable, get a degree in something more specialized like finance/accounting or tax. If you work in strategy/finance/accounting/etc., furthering your education is a must. I’ve seen older colleagues get let go b/c they “only” had a bachelors degree so advanced degrees definitely count.

Post # 10
Member
11668 posts
Sugar Beekeeper
  • Wedding: November 1999

@katherin788:  My program was part time (classes were only offered at night and some saturdays, as well as some online classes) and geared towards working professionals.  I didn’t have to take the GMAT because I entered through the health care program vs the MBA program. I had already taken the GRE though so that met the application requirement.

Regardless of program, I highly discourage people from taking out loans!  The interest rates are so high (my grad school federal loans are at 7% and 8%).  I worked 3 jobs through school but that basically only paid for living expenses.  I really recommend you find a job that will provide some tuition reimbursement if you can, or at the very least only take 1 or 2 classes a semester if that’s all you can afford.  The return on investment after getting out is not high enough to take out tons of loans. 

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