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Help deciding...low tier MBA now or top 10 later? - Page 2

post #16 of 30
Don't think of an MBA solely in terms of education. That's about 50%. It's the network. The other 50%. Arguably the better half. Find a school that has a strong network of alumni who are leaders in the field you want to get into.
post #17 of 30
Quote:
Originally Posted by Artisan Fan View Post
Don't think of an MBA solely in terms of education. That's about 50%.

It's the network. The other 50%. Arguably the better half.

Find a school that has a strong network of alumni who are leaders in the field you want to get into.

I think this is really good general advice, but in terms of the OP, I'm not sure how much networking is going to particularly help his career advancement. Especially because he's already at a well-regarded school for his specific field, so presumably, he's already got the alumni network he needs.
post #18 of 30
Thread Starter 
Interesting to see multiple sides in what is usually a one-sided SF groupthink! I'm taking all points seriously but would definitely appreciate any more views on this.Thanks for the help guys.
Quote:
Originally Posted by pebblegrain View Post
would really need to know what school you are referring to
PMed
Quote:
Originally Posted by Artisan Fan View Post
Don't think of an MBA solely in terms of education. That's about 50%. It's the network. The other 50%. Arguably the better half. Find a school that has a strong network of alumni who are leaders in the field you want to get into.
While I agree with you, I'm just not convinced how important that is in what I want to do and working for the VA health system. I will be graduating with a PharmD and have better connections via my clinical program. Thank you for your imput though and will be glad to hear more of your reasoning.
post #19 of 30
Low-tier MBA now because of the combination of time and money savings. Importance of school rankings is overblown, with the exception of a very few specific jobs (not yours). FWIW, I'm a low-tier MBA.
post #20 of 30
The only way a lower-ranked MBA can make sense is if it's a check-the-box requirement. Based on your current career plan, you will probably need to check that box later on, so I can see how it's tempting to get that requirement out of the way.

However, people do change their mind later on, and an MBA is usually an opportunity for you to reset the clock and enter a new field. I don't know how you'd explain why you'd want a second MBA from a better school later, so you're basically forgoing an opportunity to easily switch careers later if you do it now.

Also, I would imagine (but you should research this) that if you did need an MBA later that either the military or the VA would allow you to go part-time and they might even offer a tuition reimbursement program.

Finally, while you could get a heavily discounted MBA now, you're getting much less of the benefits.

As noted above, an MBA allows you to reset the clock. In addition, you'd also be coming in as someone with experience, so you can sell yourself much better than someone who simply got an MBA along with his PharmD after finishing his BS (or maybe you didn't finish, but same deal).

If at some point in your career you feel that an MBA would be helpful, you can go back and get one part-time or full-time, and you'll know what you're looking for from the program, what you're looking for from your next employer, etc. Yes, it'll be more expensive, but it'll likely also be worth much more to you, and not just because of the better name.
post #21 of 30
I suspect that the quality of the school would have little impact on your current plans, but are you sure you know what you want to do? As a compromise can you get a masters in management now, and save the MBA for later? Do people do this?
post #22 of 30
Thread Starter 
Very persuasive points on both sides, and it clearly makes my decision that much harder. Thanks all.


Quote:
Originally Posted by austinite View Post
I suspect that the quality of the school would have little impact on your current plans, but are you sure you know what you want to do?

As a compromise can you get a masters in management now, and save the MBA for later? Do people do this?

The conflict is whether or not to take my program's dual MBA/PharmD, so no I am not interested in any other master's (not that my school offers anything else anyway).
post #23 of 30
could you pile some management topics in to the extra year and graduate with a double major? something like that?
post #24 of 30
dude. i just skimmed the OP and it's clear you have no idea what you're doing. are you using the dartboard method?
post #25 of 30
Thread Starter 
Quote:
Originally Posted by Matt View Post
could you pile some management topics in to the extra year and graduate with a double major? something like that?

No I'm already in a professional graduate program with a set schedule, so it isn't like undergrad where I can add another major, except for the dual doctorate/masters.

Quote:
Originally Posted by scientific View Post
dude. i just skimmed the OP and it's clear you have no idea what you're doing. are you using the dartboard method?

How so? I see it as two defined decisions, please aware me?
post #26 of 30
why are you even considering an MBA? I don't see how an MBA will do anything for you in the military nor your career path. Save your money and start your career path.
post #27 of 30
Do any of you have any reading skills at all?

This is the most down's syndrome advice I've ever read on SF. It's unfortunate because SF usually offers pretty logical advice.
post #28 of 30
Inq,
I would do it now. If you end up at the VA (in a GS position) they don't care where your MBA came from, as long as you have it. The same with the military - and I can certainly speak to that!Personally, I would opt for in-class vice on-line MBA program. Although the ranks of medical/dental professionals with MBAs is growing, you, as a pharmacist, are still a hot commodity with an MBA.
When a dumb-ass computer-job person asks me why I got an MBA - I usually ask them, 'What, you don't have an MD?' (insert your professional degree here: DDS, DVM, PharmD, etc).
To sum up:
-Enroll now with in-class MBA.
-Keep options open.
P.S. - Later never comes. Marriage, kids, divorce, etc.
post #29 of 30
Quote:
Originally Posted by HEARTLESS-531 View Post
Inq,
I would do it now. If you end up at the VA (in a GS position) they don't care where your MBA came from, as long as you have it. The same with the military - and I can certainly speak to that!Personally, I would opt for in-class vice on-line MBA program. Although the ranks of medical/dental professionals with MBAs is growing, you, as a pharmacist, are still a hot commodity with an MBA.
When a dumb-ass computer-job person asks me why I got an MBA - I usually ask them, 'What, you don't have an MD?' (insert your professional degree here: DDS, DVM, PharmD, etc).
To sum up:
-Enroll now with in-class MBA.
-Keep options open.
P.S. - Later never comes. Marriage, kids, divorce, etc.

I can't comment on how necessary an MBA is in the pharmacy field but in finance there's absolutely no point in going to school for one if it isn't a top ten; it becomes a huge waste of money.

I totally disagree with the MBA-MD comparison. An MD takes substantially longer to complete due to its undergrad prerequisites, longer school time, and residency requirements to practice afterwards. An MBA on the other hand is a two year vacation.
post #30 of 30
Thread Starter 
Quote:
Originally Posted by alphaO888 View Post
why are you even considering an MBA? I don't see how an MBA will do anything for you in the military nor your career path. Save your money and start your career path.
While not specifically needed, an MBA would help in getting a Director of Pharmacy position which is where I eventually want to end up. If anything it helps set me apart from a field of widely "just pharmDs".
Quote:
Originally Posted by slycedbred View Post
Do any of you have any reading skills at all? This is the most down's syndrome advice I've ever read on SF. It's unfortunate because SF usually offers pretty logical advice.
lol
Quote:
Originally Posted by HEARTLESS-531 View Post
Inq, I would do it now. If you end up at the VA (in a GS position) they don't care where your MBA came from, as long as you have it. The same with the military - and I can certainly speak to that!Personally, I would opt for in-class vice on-line MBA program. Although the ranks of medical/dental professionals with MBAs is growing, you, as a pharmacist, are still a hot commodity with an MBA. When a dumb-ass computer-job person asks me why I got an MBA - I usually ask them, 'What, you don't have an MD?' (insert your professional degree here: DDS, DVM, PharmD, etc). To sum up: -Enroll now with in-class MBA. -Keep options open. P.S. - Later never comes. Marriage, kids, divorce, etc.
Agree on your key points. I talked with a director of pharmacy at a VA yesterday...he said do it now, and I trust his opinion the most. I am 99% sure I will do it now at this point.
Quote:
Originally Posted by alphaO888 View Post
I can't comment on how necessary an MBA is in the pharmacy field but in finance there's absolutely no point in going to school for one if it isn't a top ten; it becomes a huge waste of money. I totally disagree with the MBA-MD comparison. An MD takes substantially longer to complete due to its undergrad prerequisites, longer school time, and residency requirements to practice afterwards. An MBA on the other hand is a two year vacation.
I think that's where the confusion stems from, as healthcare at this point is still widely different from wall street. I myself have confusion as well, which is why I started the OP, but from research since then I have gathered that brand name does not matter in my specific career goals. CEO of Pfizer, sure. But not a DOP at any regular VA. My PharmD is seen as the terminal degree, since it is a professional doctorate, in which case my school is known for it. **If I am wrong in this thinking, please add to the discussion. **
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