(Closed) Are MBA’s worth it?

posted 7 years ago in Career
  • poll: Do you have an MBA and what is the effect?
    I have an MBA and my salary is less than 50k : (1 votes)
    3 %
    I have an MBA and my salary is between 50-75k : (0 votes)
    I have an MBA and my salary is over 75k : (4 votes)
    13 %
    I don't have an MBA and my salary is less than 50k : (3 votes)
    10 %
    I don't have an MBA and my salary is between 50-75k : (13 votes)
    42 %
    I don't have an MBA and my salary is over 75k : (10 votes)
    32 %
  • Post # 3
    Member
    4887 posts
    Honey bee
    • Wedding: May 2012

    Many of my friends have their MBA, and I have to admit, I don’t regret not getting mine AT ALL.  If I’d stayed in corporate I’d be making excellent money with only my BS.  I don’t feel like an MBA would’ve helped me move forward anymore than just good job performance in my field. 

    One of my friends got a somewhat generic BA, then went back for her Masters… and she’s STILL not working in a field she wants, not making the money she wants.  I dont think she regrets getting her Masters, but man she worked so hard for it and it’s done NOTHING for her. 

    I’m sure it’s great for many people but it gets a big fat ‘meh’ from me. 

    Post # 4
    Member
    3176 posts
    Sugar bee
    • Wedding: May 2011

    For part of my job I keep info on all our companys directors. It includes salary and education. I would say that of those that make over 150k maybe half of them have a masters (not necessarily an MBA), almost all but maybe 2(?) have a bachelors. This is out of about 20 people.
    EDIT: Sorry cut me off before I was done. I was also going to add that I know a lot of line level employees who have MBA’s and don’t make anywhere CLOSE to that!

    Post # 6
    Member
    3049 posts
    Sugar bee
    • Wedding: January 1991

    I think the salary grows later on, rather than right off the bat. At least that’s what it is for the MSW. You start off slightly higher than if you didn’t have a masters. But in the long run, your salary increases exponentially compared to those without an MSW.

    Post # 7
    Member
    3176 posts
    Sugar bee
    • Wedding: May 2011

    @souliganprincess: Maybe its the business I’m in but it seems like experience is MUCH more important than education.

    Post # 9
    Member
    131 posts
    Blushing bee

    I think it depends on where you live and whether the employers in your area value an MBA.  I live in a big city and employers here definitley value an MBA here, especially if its from a top 10-20 school. 

    Post # 10
    Member
    10367 posts
    Sugar Beekeeper
    • Wedding: September 2010

    I think if you get it from a big-name university, it is def worth it. I have a lot of friends that went to the top places, and friends who didn’t. Those who did make $100,000+++, those who didn’t are cursing their student loans in non-ideal jobs. I think an MBA’s biggest advantage is the networking that comes from it. I think that’s the main edge that the big name programs have over the small ones.

    Post # 11
    Member
    279 posts
    Helper bee
    • Wedding: September 2011

    I do not have an MBA but my Fiance does. He graduated right as the economy was tanking and just took the first job he could find which paid about 45k. Not a great start. BUT less than three years after taking the job he has risen quickly and gotten several promotions and raises because he has the MBA and others he works with only have a BA/BS. He is now making a little less than 100k. Of course, I would also attribute this to his work ethic and capabilities. 

    So, to answer your question, I absolutely think it is worth it. Besides, I’m a big believer in getting an education to be an educated individual. I don’t think it should ONLY be because there is a chance of higher salary (although that’s a nice bonus).

    Hope this helps a little.

     

    Post # 12
    Member
    13099 posts
    Honey Beekeeper
    • Wedding: July 2010

    I think it also depends on your specific company and/or business area.  Darling Husband works in healthcare consulting and, at least with his company, having an MBA gets you ZERO benefit over someone with just a BA/BS.  It just isn’t something that they care about or consider.

    Post # 13
    Member
    994 posts
    Busy bee
    • Wedding: September 2011

    It depends on what industry you are in, what type of job, and where you live. Check the listings for jobs you are aiming to be at in 3 – 5 years — are they looking for MBAs? Or call a recruiter and get advice. Good luck!

    Post # 14
    Member
    131 posts
    Blushing bee

    Also, I totally agree with Crayfish that networking is one of the biggest assets to come out of getting an MBA.  My hubs emailed his entire MBA class when he was looking for a new job and got three offers within 10 weeks, all through his network giving him leads.  Sending out resumes, working through headhunters and applying online got him no where. 

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