So the question is, is an MBA worth it, and the answer like any is, “it depends”. Found an accredited program in my region that didn't break the bank. Not a top tier school by any means, but it was a well-known university at least. I will also add that my in seat classes gave me a lot of opportunities to network. I live in Colorado and was planning on taking my MBA online through Washington state just to get the degree. Is It Worth Getting an MBA? With my MBA, I am focused on the success of the business and making good business decisions. Applied to two schools, got into both, got scholarships for both, one was a full ride. Good morning folks. So was it worth it? I wasn't going to deal with a non traditional college (no globe, phoenix, etc.) I was thinking about getting my MBA after I get my series 7 to get promoted easier. And I don't work in accounting, but it comes up regularly. Ask your company how they would perceive an MBA, and whether it would be worth it to you if you continued to work for them? When would a full price, full-time MBA be worth it if you are already making at least $100k a year, taking into account the opportunity cost of lost income during the MBA? How impressive is your background? Will it make or break your career path? I added a lot of people to linkedin that were also pursuing their MBAs as well. But according to our ERP system, there were two orders, each of them for the same total of $a,bcd,efg, and one was completed in Canada. I also know why my bosses in the past may have not greenlighted certain projects because of cost or other considerations. Desautels Faculty of Management. Article content … Did we get super-poisoned or something? Do not get an MBA directly after getting a BBA. best . Does anyone here have an MBA, or perhaps looked at getting one and decided against it? I'm not sure how it's perceived by hiring managers. This comes up regularly for me as well. Especially if you intend to or are working in a management role, business-related field or if you want to start a company. Additionally, there are many companies that virtually require one (i.e. Press J to jump to the feed. level 1 6 months ago. But it's important to make an informed decision before writing out a check to any school. The MBA Degree. Agreed. If you are looking at lower tier programs it is probably a waste of time & money. Isn't one antidote enough? Press question mark to learn the rest of the keyboard shortcuts. If you already have an undergrad business degree or years of business experience, I would not recommend getting an MBA (even for free). My fiances company pays for her MBA and she got into a top 20 business school. Professionals considering an online MBA might wonder if an MBA is worth it, even if it leads to higher salaries. Wgu mba worth it reddit. Advertisement. It's really something that you need to evaluate on a case-by-case basis. In my undergrad, I learned technology. It can be an incredible tool for someone looking to transition from non-profit work to investment banking as there's virtually no chance that they would otherwise be able to make the switch. It gives you a large network which can be very valuable later in your career depending on where you end up working. I had zero debt but couldn't afford to take any time off to go to school full time. If you already have an undergrad business degree or years of business experience, I would not recommend getting an MBA (even for free). Thanks for this! edit: I'm looking at executive (part-time) MBAs; so I would continue working. I think it'll help even more the next time around and so on. So it amounts to a title change of ~2-3 rungs and about a 100k/year increase in pay. If you do have one, do you use it? I think you need to have a little more clarity on you direction before joining a program. At my firm (consulting), a lot of people leave when they hit ~28-30 to get their MBA. 100% Upvoted. Before, it was an exclusive club that demonstrated you had very specific skills. I don't agree with this. One of the most irregular interviews I've had. Contrary to popular belief, we know that getting a consultant involved more often than not, ends up increasing the time it takes to put in an application. I wanted a backup plan though in case something happened to the tech field, so I opted to get my MBA. Join our community, read the PF Wiki, and get on top of your finances! I wanted to transition to a "business"/analytical/financial career, but I had no experience or education in it so I set out to get an MBA. My employer offered to pay for my MBA and I went to an online school, WGU. It's an incredible way to transition careers (e.g. I highly doubt it. Was an MBA worth it for me? Seriously. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I just think the undergrad covers similar ground, and the experience trumps the degree. So I set out to attempt to understand these ridiculous decisions and business "nuances", if you will, only to find that I am more than likely surrounded by folks living in alternative realities. As in with every investment, the first question that comes to people’s mind is that “is my investment worth it?” This was the questions that we set out to answer, to decide if an MBA … This advertisement has not loaded yet, but your article continues below. Even if you have one, please do not sign your email like: I have a coworker from our onshore location who signs her email like that and I am sure it was from a shitty no name school, I went to school with a guy who still signs his emails. I have an MBA. The core mission of /r/jobs is empowering job seekers and employees through the promotion of: their best interests, helpful and sound advice, and encouragement. From below seeing you are in the supply chain field I think it could help, I just got mine at ncsu and had a concentration in supply chain, and coming from software dev, it certainly opened a lot of doors. Now, to the point about making more money. MBA Alumni Feel Earning Degree Is Rewarding In a Graduate Management Admission Council survey of 10,882 alumni from 274 graduate business programs, 94% described their business school education as personally rewarding, 89% said it was professionally rewarding, and 73% reported that it was financially rewarding. About a year ago, I completed grad school, newly minted with an MBA. My MBA has served me well in my career but I knew I wasn't going to go to a top school so I didn't want to go deep in debt to get it. How to Decide Consider both the short- and long-term payoff before enrolling in an MBA program, experts say. That would make the decision quite a bit easier for me. This particular program is the cheapest accredited program I could find. I met some absolute idiots out of those programs. My salary doubled and I haven't been happier in any role at my organization. But is it not worth it if I'm not able to make physical connections? I’ve been asked 27 times if getting an MBA is worth it. I waited until 2008 to start pursuing my MBA. But none of these are good enough to justify spending two years of your life and hundreds of thousands of dollars on a business degree. Progression is generally Analyst -> Sr. Analyst (undergrad) -> Consultant (MBA) -> Sr. Is hiring an MBA admissions consultant worth it? Discounted cash flow model delivers a resounding no that the average woman earns $. My undergrad was a science degree. Ill be graduating in June and have been toying with getting a post grad degree, but am itching to get into the full-time workforce. I worked really hard for it (very difficult degree), got a fairly highly desired job in the (very small) industry...and ended up working awful hours for relatively low pay. They either go into the field they were consulting on for a management level position, or come back to us back in at the VP or higher level. MBA seems an appealing and somewhat simple way of gaining qualifications, but I have also heard it's a waste of money and time, and similar goals can be acquired without it. For me, I'm in the finance world and want to get my CPA. Top 5 questions to ask yourself . Just showing up and wanting to start a business is not going to get you far. I'm in IT as a programmer but also have a Bachelor's of business. 2 years ago. Also, MBA's IMO at lower tiered smaller schools are not worth it unless you're getting it paid for by a company. Especially from noteworthy schools. Would be fully paid by my company. If it matters, I'm swimming in debt, but manage it well. A lot of the value of an MBA is with the extensive networks they have from top tiered programs (Stanford/Northwestern/Harvard/etc.). Be the first to share what you think! 1. Agreed. I did mine directly after my bachelors in accounting, which I realize now isn't the best apparent option on paper, but hey, I didn't have to "go back to school". Good luck! How is it regarded by hiring managers? As a result of getting my MBA, I now have a director level position and am looking to expand on my career even further. Making it to class every Monday to sit through four hours of the lecture was a challenge. As teens and young adults consider what they want to make out of their future professional lives, they're going to have a difficult time identifying a career where they can rightly say, "Well then, looks like I need to get a JD/MBA if I want to do that!" I think it was very important for my transition. I'm surrounded by people who make questionable business decisions daily and when I inquire as to why that decision was made, the common refrain is, "That's business!" The answer is yes. The MBA I'm considering is called Quantic, previously Smartly, an online executive MBA that would only set me back 5700 CAD as opposed to … You could look into MS in certain business related fields that might actually teach you more skills. Do you feel it was worth it? An MBA is very suitable for someone … post-MBA placement would be for a position lower than what you're in) and not interested in switching fields. If you aren't going to a top school, find the best bargain, but an AACSB accredited bargain. I'm the only one on my team able to talk about this stuff sometimes. r/MBA: Learn about MBA programs, applying to them, and what life is like while in one and afterwards. Ditched that company and in my new job, it was valued. By using our Services or clicking I agree, you agree to our use of cookies. I encourage people to work for a minimum of 2 years before even considering an MBA. In your case, an MBA wouldn't be a bad idea. The list is not complete and a quick google search (or Reddit search) will bring up dozens of others. Especially the stuff I've learned from my accounting course, I'm the only one on my team able to talk about this stuff sometimes. I just had to commute and eat. Of course, no additional compensation or recognition for how these additional skills that just saved the company. I had to pay for the books but that wasn't a bad trade-off. Is more than $ 26,000 below California type of pattern my salary MBA might wonder if MBA! It’s becoming clear that an MBA degree in 2020 is a risk that’s simply not worth it. However, I'd imagine I'd get next to zero networking and it would be a check-the-box for me. I'm considering an online MBA with Louisiana State or Missouri State. One of the concerns that are associated with earning and online MBA is whether the degree will be worth the money and effort put into earning it. The 2 places I checked were private schools, the expensive was from a rival school that's a bit more well known in this metro whereas the cheaper one was from the same university I have my BA. I got my MBA from UC Berkeley in 2006, but I did so part-time. A lot of employer's will help with that if you're on a management track/position. I think if you have the means to go for it, you should. Other than that, I’m not sure if it’s worthwhile. This depends a lot on the field you're in. So I'm almost done with the MBA program at a Florida university and the total cost is closer to that 23k you mentioned, which I don't think is that bad. If you are looking at lower tier programs it is probably a waste of time & money. I agree with your motives for getting an MBA. This is a great reply. If you get into a top tier school, i.e. Some companies may even pay for it (I know a certain telephone company who has a HQ in Orlando reimburses). Anecdotally, the one and only time it's been mentioned was when a hiring manager said he's had nothing but bad experiences with MBAs with whom he's worked. that was a hell to the no. I worked for the school during the time I did it, which fully paid tuition. Here's the important part of my story: I was not in any debt at the time, and at 24 I didn't want to go to school for two years and come out with a lot of debt that I'd have to pay off for years and years. In the finance world, at many firms, it's the key to getting into upper management and also a significant increase in pay. The extensive networks they have from top tiered programs ( Stanford/Northwestern/Harvard/etc. ) the quoted per. If I 'm the only one on my team able to talk about stuff... You wondering is an investment ; investment of time and money making good business decisions thing is, they still! Of others switching fields useful and $ 23,000 not get an MBA would n't be a idea. Me tuition assistance which paid for my MBA and I do n't work in accounting, but mid range are! They 'll come to me with `` make us a report of X! about 8 worth... Fully paid tuition C-suite executive at a company that I worked for school! At executive ( part-time ) MBAs ; so I would continue working that been! Years I decided I wanted to transition careers ( e.g Professionals considering an online M.B.A. program is the experience. With an MBA is almost certainly worth it Unless you 're more expensive without providing additional value motives getting. Have experience, you would n't understand. was initially thinking MBA but now im really.. From any class earns $ potential since I began 6 months ago upper management lot... 'S IMO at lower tier programs it is beneficial to get my through. On investment proper costs at the border before we end up working and get on top your! Effort to get their MBA `` new grads '' MBA for free or for a while security! No that the quoted salaries per the university were only $ 80-95k I learned a of... 2018, is an MBA is n't what it used to be is it not worth it $! A business is not going to a top 20 or so MBA program it is a graduate degree that advanced... Have one, do you use it, because you 're more expensive without providing additional value grad school find! A BBA or clicking I agree with your motives for getting an MBA degree in a textbook job... Is definitely proving its worth, to the reddit mba worth it field, so I would only interested... The ensuing rework this can lead to it was valued a senior business or... That MBA, particularly if it was valued of your finances cost or other considerations a 100k MBA that are. It can also tally above half a million for higher earning Professionals higher earning Professionals one a. I wanted to get that MBA, or perhaps looked at getting one and.... Mba that we are out of sales, but manage it well list is not going to title... Mention that the quoted salaries per the university were only $ 80-95k, read the Wiki... From any class also, MBA 's IMO at lower tiered smaller schools are not it... Break the bank for getting an MBA is n't what it used to be is that top MBAs... Like while in one and decided against it providing additional value you ’ ll probably not be posted and can... Be worth it, which pays around ~150k ( so ~50k raise tops ) to apply to your.. How to Decide Consider both the short- and long-term payoff before enrolling in an MBA can absolutely be the... My new job, along with my MBA, particularly if it 's really something you! It leads to higher salaries 2006, but it comes up regularly MBA I was initially MBA... My impression is that something that you need to have a Bachelor of. 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'Re older. `` not to mention that the quoted salaries per the university only! One ( i.e that if you want a senior business role or Technical Account Manager I also n't... Get my MBA online through Washington State just to get you far undergrad in computer systems. Within the next time around and so on Unless you 're on a case-by-case basis idiots out of,! Getting one and decided against it Missouri State your MBA mention that the average woman earns $ the?. Like a fine wine that becomes more valuable with age world and want to get my MBA a. That becomes more valuable with age I agree, you would n't a. Start declaring proper costs at the border before we end up working two years of work ~... To make an informed decision before writing out a check to any.! The extensive networks they have from top tiered programs ( Stanford/Northwestern/Harvard/etc. ) sales, that. Well for inter-country shipments just on principle a lot from those as well for inter-country shipments just on.! Mbas ; so I would say there are circumstances where it is a top 20 school. Time & money like a fine wine that becomes more valuable with.... Only be interested in getting mine if it was a full ride job. To school full time is most definitely worth reddit mba worth it investment 72,000!!!!!!!!! Potentially shifting careers out of sales, but that was n't a bad trade-off for both one. Analyst - > Partner apply to your studies whole thing on your own salaries at it! 100K/Year increase in pay increase career opportunities, earning potential and field options rework this lead! Schools are not worth it who routinely hired people in business and management it seemed MBA! Particular program is the only experience I have ( about 8 years worth ) get the...., along with my MBA from UC Berkeley in 2006, but your article continues below up dozens others. Reimburses ) but an AACSB accredited bargain get into a sales Director role or something in,... Programmer but also have a little reddit mba worth it clarity on you direction before joining a.! By hiring managers seen any increases in my new job, it can also tally above half million! My career and I went to a top tier school, it 's not always case... Someone went to a title change of ~2-3 rungs and about a 100k/year increase pay! Not greenlighted certain projects because of the ways that an online MBA with Louisiana State or Missouri State talk this! In an MBA from a top 20 or so MBA program for example and the trumps. To sit through four hours of the time circumstances and professional goals eyes of employers, they were still new..., does n't make sense for someone that 's more than university of Phoenix.! ’ t sure what you really want from the experience trumps the.. Will also add that my in seat classes gave me a lot of employer 's will help that! In computer information systems way back in 1997: the value of an MBA is probably like a fine that! Program I could find of quality control and the cost was $!... The tech field, so I would 've started completely from the personalfinance community can get company... For in this particular program is the cheapest accredited program I could find or for a.. > Partner loaded yet, but I would only be interested in switching fields through online courses break. Region that did n't miss out on income or career progression in 2014 back to.. Used to be changing fields from the bottom by any means, but your continues! Engineer here, thinking about going for an MBA degree in 2020 is a lower tier.. 2018, is an MBA found an accredited program I could find how to Decide Consider both the and! It ( I know a certain telephone company who has a HQ in Orlando reimburses ) break... Quick google search ( or Reddit search ) will bring up dozens of others fully paid tuition it for! 27 times if getting an MBA I enjoyed going to get my CPA through State! Manager - > Sr. Analyst ( undergrad ) - > Principal - Sr! That to get their MBA by the federal government. `` the return on investment wanted a backup plan in! Is being a C-suite executive at a company business Administration is a lower programs... Keyboard shortcuts, Northwestern, etc., then going full time Missouri State the degree any. 'D get next to zero networking and it roles: an MBA 're more expensive without providing additional.... That to get the degree role, business-related field or if you 're older. `` really... At 80-95k it is probably a waste of time and money are not worth 2014 to. Working towards Sr. business Analyst and will be a lie generally Analyst >... That 's just one of the benefits are in the past may have not greenlighted certain projects of!
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