Post # 16
I think your concern that he would become a completely different person because of a degree is overreacting – especially since you got the same degree yourself. Did you become a completely different person as you got your degree? Did everyone in your program morph into someone completely unrecognizable by the end? This is a concern I would advise you to set aside. If this is your main concern, I would probably just let him do his thing because if your trepidation is based of this then it is an overreaction, in my opinion.
Personally, I think what’s of more concern is that it sounds like your Fiance doesn’t really know what he wants out of life and/or he wants to be a perpetual student without ever really entering the workforce at the end of his degrees. I’m basing this off the fact that he’s a year off thirty and only has a couple of years of work experience, has already completed a business master’s degree, is working on his CPA designation, and yet still thinks there’s a gap in his resume that can be filled by yet another business masters degree?
Ask him what jobs he sees himself getting with his MBA – aka, what is his end goal here? Then evaluate if getting an MBA is actually a requirement for these jobs or if it even gives him any demonstrable leg up over people who just have a masters in global business. My guess is very few jobs, if any, that he might aim for would really care that much about an additonal MBA from him at this point. If there’s any advantage to an MBA to him, I would still argue that it likely isn’t going to be worth more than (1)the money you would pay in tuition/books/etc and (2)he would have more of an advantage just from getting the additional years of work experience that he would otherwise spend his time on. I would even be willing to bet that his lack of work experience at his age combined with his decision to get what seems to be a pretty redundant degree would raise a lot of eyebrows as he interviews for jobs that he would have to explain.
For example, I got my masters in accounting and one of the other women in my program already had a masters in economics. She told me she was grilled at every interview as to why she would get her masters in accounting when she already had one in economics – and I would say there’s much less overlap between economics/accounting than there is versus global business/business adminstration.
I would also second getting him to take a GMAT practice test just to put that argument to rest so you can actually have a real discussion. Or point out that if he genuinely thinks he’ll bomb the GMAT, there’s no point to planning a future around him getting an MBA or even spending the money to take the test in the first place so why not just focus on his current career?
Post # 17
To clarify a few things: I’ve done my MBA, know a lot of people that have, and have researched many different programs (i.e. MBAs at different schools). With that and knowing what his masters program entailed, I’m confident very little material would be new. This ties into his reason for wanting an MBA “to get one/because he’s always wanted one” it’s nothing to do with new knowledge or helping career prospects (sorry! I should have mentioned that up front). I’m definitely a fan of education and if this were in a new field or a PhD, then I would be looking at it a bit differently (although still looking for an open discussion rather than a decision) and feel like I would be much more supportive.
I should also clarify that the completely different person piece is in relation to the top schools where there is an extreme push on networking and selling yourself.
Anyway, I spoke with him again and he made it very clear that it would be a joint decision and that his only decision at this point was to take the GMAT, so that was helpful.
Post # 18
First, I don’t think you’re overreacting, this should be something the two of you discuss and decide. Second, I’m an accountant and I think the necessity/usefulness of the MBA depends what he wants to do long term. Is he currently in public accounting? If yes, is he partner track? If yes, then a CPA is perfectly sufficient. Is he hoping to be the CFO of a major public company, or even a start-up? If yes, the MBA might be more relevant. I think the key is to figure what the long term goals are and decide if it’s the best decision for him and for you both as a family.
Post # 19
I’m glad he’s open to discussing it with you! I hope you can figure out something that makes you both happy!
Post # 20
Had a similar experience with my fiance about his MA. In the end it’s his decision, but you need to decide what you will do either way and let him no. In the end we stayed together and worked it out but it wouldn’t be for everyone.
Post # 21
How big is his current student loan balance?
He could look into executive MBAs (although they will be tough to get into with little work experience). In many cases, those would be one flight a month to the school and he could continue to work his regular job. If he is having second thoughts about a career in accountancy, then I could see why an MBA would be more useful. If he just wants to collect degrees, then he really should consider the financial implications of this decision.
Post # 22
You both need to make this decision together, but your concerns about your friend aren’t rational. Yale doesn’t turn people into jerks – your friend obviously had some ego things that were opened up through Yale.
Post # 23
Fine to vent at an anonymous board, but this (in my opinion) is REALLY SERIOUS, SUPER PERSONAL STUFF.
If you can’t discuss this with Fiance, get to work figuring out why not. Why is he Hell bent on a second graduate degree in a roughly comparable topic? Why just now rather than some time later? How will any of his decision making impact on you as a couple?
Lots to find out- get to work!
Post # 24
He needs to sit down and talk with some professionals who understand whether this is worth it or not. Specifically how it would take him further and if he would be getting paid more. If he’s not comfortable sitting down with those in his current company, he could do “informational interviews” (google that) over the phone or in person.
Only one bee so far on this thread has actual experience in the field.
Personally I think moving your family for 2 years and spending a ton of money on a degree just because you’ve “always wanted one” is stupid and immature.