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post #1 of 84 Old 05-06-2005, 1:40 PM Thread Starter
 
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MBA: Need advice

I'm thinking of going back to school part-time to get my MBA. Here's the deal, I want to go to a good school I think. The one that I'm looking at I don't know if I can even get into yet, and it's 26k a year. So over the course of 5-6 years I'd probably accumulate about 100k in more college debt. The school I'm looking at is really good. It would say quite a bit that I had an MBA from there.

Here are some stats:

General Information
Admissions Selectivity Rating: 82
Enrollment: 739
School Type: Private
Average GMAT: 615
GMAT Range (25-75%): 500-710
Average Undergrad GPA: 3.16
Tuition: $29,040
How much for 2 years?
Tuition Per Credit Hour: $1,210

Who here has an MBA? Was it worth it? SHould I go for a "bargain" degree or shoot for the snooty school?

How is the GMAT? Is a 615 hard to score?

HD
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post #2 of 84 Old 05-06-2005, 1:48 PM
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Re: MBA: Need advice

Screw the MBA. Here's what I'm trying to do.

Is a paradigm worth 20 cents?
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post #3 of 84 Old 05-06-2005, 1:49 PM
 
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Re: MBA: Need advice

I'm all for education, but unless a company is going to guarantee a salary increase for MBAs, I'm not sure it will pay for itself.

And then there's this asshole...
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post #4 of 84 Old 05-06-2005, 2:09 PM
 
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Re: MBA: Need advice

Booth took the GMAT a year or so ago and said it wasn't bad. There was a thread about it. I've been meaning to take it for a while but I can't really get motivated.
To expand on phobiaphobe's post, even if you can advance in your career with an MBA, is it worth it to go to a hotshot school vs a cheaper one? Is an MBA an MBA?
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post #5 of 84 Old 05-06-2005, 2:15 PM
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Re: MBA: Need advice

How much is art school?

Is a paradigm worth 20 cents?
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post #6 of 84 Old 05-06-2005, 2:47 PM
 
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Re: MBA: Need advice

I've found that specialized diplomas can get you ahead faster than degrees. Just don't go to a school that advertises on television.

And then there's this asshole...
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post #7 of 84 Old 05-06-2005, 5:56 PM
 
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Re: MBA: Need advice

FWIW, my roommate just graduated with an MBA from santa clara university, and has so far said it hasn't gotten him anything, and wishes he'd been able to wait longer (company paid for it)...he's only 27, with 5-6yrs exp in financial analysis and accounting

so, unless you're starting a business soon, or guaranteed some sort of compensation, your best bet would probably be to wait until you're in a position where you'll certainly benefit...
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post #8 of 84 Old 05-06-2005, 8:43 PM
 
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Re: MBA: Need advice

If you are conducive to networking, then going to a big name school can pay dividends. You can make contacts there that will open opportunities that you would not otherwise have.

Take a look at the Chicago GSB program or even the Harvard executive program...

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post #9 of 84 Old 05-06-2005, 8:46 PM
 
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Re: MBA: Need advice

How long have you been out in the work force?

Less then 5 to 6 years an MBA is going to do one thing.... make you not marketable because your experience does not match how much they would have to pay for your degree.

Most of my MBA buddies, hurting...... all my friends who went back and got specialty certificates ..... doing better.

Just matters..... do you want to learn or make money..... if it is both... you might want to make sure it something that has a demand at this time.

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Last edited by DEPO; 05-06-2005 at 9:48 PM.
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post #10 of 84 Old 05-07-2005, 7:40 AM Thread Starter
 
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Re: MBA: Need advice

Quote:
Originally Posted by DEPO

Just matters..... do you want to learn or make money..... if it is both... you might want to make sure it something that has a demand at this time.
Interesting comment, b/c the answer is obviously both. Part of the reason I'm looking to further my eduation is b/c I think programmers are going to be losing their jobs to foreign markets w/in 5-7 years. JMO

HD

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post #11 of 84 Old 05-09-2005, 12:28 PM
 
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Re: MBA: Need advice

I've no advice to offer re relative attractions of US MBA colleges.

It really depends on where you want to go in your career as to whether this is a good course of action. If you want to get into senior management, running a small company for someone else or private equity, it's probably essential to have a "good" MBA now, and if you're going to do it, it's a good idea to get it done before you have kids and family responsibilities and get financially inflexible. I can't see the point of a "cheap" MBA at all unless you want to run your own company and need the training.

Think of where you want to use it, ask advice from those who would be employing people in that category as to which colleges get the thumbs up.

It's a big investment in time and money: if you're aiming at big bucks and are capable, then that investment will pay off eventually.

PS Tigerblade, an actuary? That's a seven year professional qualification here after your maths degree.
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post #12 of 84 Old 05-09-2005, 1:41 PM
 
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Re: MBA: Need advice

Quote:
Originally Posted by Baketech
or even the Harvard executive program...

It has been my experience that unless it's an ivy league school, "executive" MBA degrees are given MUCH less credibility than a full MBA degree, so much so that they are laughed at. I'm not saying I agree with that, just what I have experienced.
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post #13 of 84 Old 05-09-2005, 1:47 PM
 
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Re: MBA: Need advice

Quote:
Originally Posted by Pete
It has been my experience that unless it's an ivy league school, "executive" MBA degrees are given MUCH less credibility than a full MBA degree, so much so that they are laughed at. I'm not saying I agree with that, just what I have experienced.
Both the Chicago GSB and Harvard programs I mentioned buck that trend...

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post #14 of 84 Old 05-09-2005, 1:51 PM
 
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Re: MBA: Need advice

Quote:
Originally Posted by Baketech
Both the Chicago GSB and Harvard programs I mentioned buck that trend...
Which is why I said "unless it's ivy league..."

I wasn't challenging you, just adding a little more info.
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post #15 of 84 Old 05-09-2005, 1:57 PM
 
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Re: MBA: Need advice

copy....

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