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The MBA Thread - Page 54

post #796 of 1042
I obviously don't know. So tell me, expert, why the fuck would anyone take 2 years off and pay 100k+ to come back and do the same job?


Quote:
Originally Posted by Texasmade View Post
You must not have ever worked in Big 4 audit or tax then where no one gives a shit about having an MBA. Usually the only thing that matters is how many busy seasons you've worked and a CPA license.

yjeezle
Big 4 usually have 3 practices: audit, tax, and advisory. Deloitte is the lone exception which has 4 as they have the 3 practices and a consulting practice. Don't ask me what the difference between consulting and advisory is for Deloitte since I don't work there. You might want to check out their websites which breaksdown the practices.

Audits perform assurance/attestation services.

Tax will do tax compliance and tax consulting.

Advisory usually handles everything else such as audit support, IT consulting, actuarial services, transaction services, etc.
post #797 of 1042
Quote:
Originally Posted by DaveB View Post
I don't think big4 will care that you have an MBA if your doing assurance, it doesn't trump a year of experience and you are going to be put on the same progression track as someone with a MS in accounting or 150 hrs/120 hrs in applicable states so why would they pay you more to do the same job?


Advisory may be a different story because the margins are higher and your MBA may be applicable.

edit- This assuming you have no work exp

That is most likely an untrue assumption. You'd be hard pressed to find anyone coming out of a top 15 MBA with 0 experience.
post #798 of 1042
Quote:
Originally Posted by pebblegrain View Post
I obviously don't know. So tell me, expert, why the fuck would anyone take 2 years off and pay 100k+ to come back and do the same job?

First of all, not every MBA is going to be $100k+. I don't know if you've noticed but a lot of generic public universities offer MBA programs for way less than $100k+. I've seen people go back to school to at "generic public university" to get an MBA with a focus in accounting to become entry level jobs.

Second, auditors don't quit to get an MBA and then come back as auditors. They may go back to the Big 4 but it'll be in the advisory practice. You can go ask anyone that's worked for a year in audit, and they'll all tell you an MBA is worthless.

Third, yjeezle said UT McCombs was his target school and then asked about entry level auditor jobs so I was assuming he wanted to get an MBA at UT and then work as an auditor. I'm just pointing out that if you get an MBA, you're going to be at the bottom if you go into audit (unless you have previous work experience as an auditor at an accounting firm which never happens). At my old firm, we had a guy that worked for about 20 years at Shell Oil and got an MBA in accounting. He started out the same as everyone else as a 1st year auditor.

Also, there are a shitload of MBA graduates ever year that didn't graduate from an elite or top school. Are you telling me that companies are going to be fighting to hire these graduates with big time job offers that pay more than $50k give or take a few grand? How much do you think MBA graduates from Prairie View A&M or Abilene Christian University make their first year after graduating?
post #799 of 1042
Quote:
Originally Posted by Joenobody0 View Post
That is most likely an untrue assumption. You'd be hard pressed to find anyone coming out of a top 15 MBA with 0 experience.

Well I assumed that because I couldn't see another reason for him looking at big4 audit after an MBA program. If he does have big 4 work-exp he most likely wouldn't have to ask the question how much he would make after getting MBA.


And to Pebblegrain, I think the answer is no one does. If you've made senior/manager and go get an MBA chances are you not going back to auditing. The only time I think it would be semi-common to see MBA in public would be in 150 hr states from schools that have 1 year programs that require little to no work exp. Promotion in public is mainly based of seniority and at higher levels how much business you bring in. The MBA would be beneficial after leaving public which 65-75% of people do within five years.
post #800 of 1042
first year done!
post #801 of 1042
Congrats.
post #802 of 1042
Quote:
Originally Posted by Ad Fundum View Post
I have a question for everyone who has experience in the IT consulting field: This year I will be making the transition to consulting in the Healthcare IT sector and while I recognize it as a hot field now and it appears to be gaining steam, no field can maintain it's upward movement. I'm wanting to ensure that I position myself well now while looking for chances to move upward in the future.

Would an MBA be useful for me? I have been looking into Health Informatics Management masters degrees to help keep myself competitive but if the MBA or perhaps, a combined MBA/MHIM would be a more useful move, I'd keep it in mind.

And I recognize I am soliciting advice from the interwebz but I was hoping I would find someone on here who has a similar background.

Hoping to catch someone with this self-quote
post #803 of 1042
Quote:
Originally Posted by CunningSmeagol View Post
Congrats.

Thanks! Now easy street for a month until internship.

Ah the life of a graduate student.
post #804 of 1042
SHSU (shitty state school) 3.3 B.B.A. Economics (done)
720 GMAT (done) but I still have to take the GRE
I plan on taking Trig, Calculus I, II, III, Diff Eq, Linear Algebra at Galveston Community College. It's really my only option because of my job. This should take a year because I'm starting this Summer.
U of Houston Clear Lake offers a couple of Econometrics courses that I will take before applying too.

The (overly) optimistic plan is to get into Rice or UT (way longshot) grad program, with a fallback being UH. I know I have to bust my ass with these math courses. Any recommendations as to what I need to supplement what I've already thought of; advanced probability/statistics in particular.
post #805 of 1042
Quote:
Originally Posted by phreak View Post
SHSU (shitty state school) 3.3 B.B.A. Economics (done)
720 GMAT (done) but I still have to take the GRE
I plan on taking Trig, Calculus I, II, III, Diff Eq, Linear Algebra at Galveston Community College. It's really my only option because of my job. This should take a year because I'm starting this Summer.
U of Houston Clear Lake offers a couple of Econometrics courses that I will take before applying too.

The (overly) optimistic plan is to get into Rice or UT (way longshot) grad program, with a fallback being UH. I know I have to bust my ass with these math courses. Any recommendations as to what I need to supplement what I've already thought of; advanced probability/statistics in particular.

Why do you need to take the GRE?
post #806 of 1042
Quote:
Originally Posted by Joenobody0 View Post
Why do you need to take the GRE?

The schools I'm looking at require it and the GMAT is not applicable from what I've read
post #807 of 1042
Quote:
Originally Posted by phreak View Post
The schools I'm looking at require it and the GMAT is not applicable from what I've read

Are you applying to MBA programs (hence posting in this thread), or some other program?
post #808 of 1042
ma/phd in economics (sry, left that out of my op, had a looong day at work), imo a ma is not worth it. there is no 'small questions' thread and this was the most relevant :/ Thanks for the replies so far though and this is from my iphone so excuse the punctuation
post #809 of 1042
I'm doing a Masters in Accounting for my 150 credit hours for my CPA. Should I decide to go back for an MBA after several years of work exp would my Master's GPA be what they look at? Or undergrad? Or both?
post #810 of 1042
Quote:
Originally Posted by phreak View Post
ma/phd in economics (sry, left that out of my op, had a looong day at work), imo a ma is not worth it. there is no 'small questions' thread and this was the most relevant :/

Thanks for the replies so far though

and this is from my iphone so excuse the punctuation

I'm starting a PhD in Operations Management next year. Shoot for the Econ PhD if you can.
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