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The MBA Thread

Discussion in 'Business, Careers & Education' started by Tarmac, Aug 28, 2008.

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  1. Tarmac

    Tarmac Senior member

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    I searched all open forums for the single title phrase "MBA" and there were none, surprisingly. So I thought I'd start. Many people here, especially on Mens Clothing seem to work in business, and I presume some of them went to business school.

    Opinions on MBAs? Worth it? Waste of money? You liked the coke parties? Did you get your current job through MBA connections? Is it just to get higher-paying jobs or did it somehow land you your dream job?

    Did you go to a top ranked school? Do you consider yourself money-centric (Andy Fastow FTW)? Did you go to a lower-ranked school, if so what was your experience?




    I have my GMAT in the bag already, I am on the verge of starting about 5-6 applications.
     
  2. nerdykarim

    nerdykarim Senior member

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    I've studied but still need to take the GMAT. The plan is to do the four-year JD/MBA program at UGA.
    Very interested in everyone else's experiences.
     
  3. premo

    premo Senior member

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    I still have to finish 2 years of undergrad, a masters and only then will I consider jumping on the MBA bandwagon.
     
  4. norymeoreason41

    norymeoreason41 Well-Known Member

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    University of Florida MBA here. Best decision I have ever made.
     
    1 person likes this.
  5. micbain

    micbain Senior member

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    Good idea on the MBA thread.

    I'll throw a question out there - for those of you who did an undergrad in business, how was your experience in doing a MBA? I know the MBA is a good way to reposition yourself or get into a more recognized school; however as someone who's done a business undergrad I am really not looking forward to wasting a year on intro accounting, intro finance, etc.
     
  6. Brian278

    Brian278 Senior member

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    University of Florida MBA here. Best decision I have ever made.

    What did you/are you going to do with it, if you don't mind me asking?
     
  7. Recoil

    Recoil Senior member

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    I have my B.A but I'm considering going back for the MBA part-time. Seems to be the thing to do, lots of schools offers part-time MBAs to people with 2 years work experience. The only thing I'm concerned about is my total lack of any finance/statistics/economics background, so I have to take a prep year and it could tear me to sheds. LOL.
     
  8. micbain

    micbain Senior member

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    thought i'd bump this thread. I'm really interested in hearing peoples thoughts.
     
  9. mbc

    mbc Senior member

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    University of Southern California MBA here. No regrets. Costs a ton of money but it's connected me to people and opportunities that I would have had a hard time connecting with otherwise.

    USC isn't top ranked in the Stanford/Harvard/Wharton sense but the network is unbelievable, especially in So Cal and many parts of Asia.
     
  10. Bradford

    Bradford Senior member

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    Graduated with my MBA from Arizona State University this past May.

    We moved up to #22 in the US News rankings while I was there and #8 among public universities.

    Of course right now that doesn't mean much as I'm still looking for a job.

    I enjoyed the experience and thought it was definitely worthwhile.
     
  11. norymeoreason41

    norymeoreason41 Well-Known Member

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    What did you/are you going to do with it, if you don't mind me asking?
    Sure - I don't mind at all. My interest is in Human Resources. This is primarily the reason I got my MBA (UF has an HR specializaton). Now I am an HR Manager for a large corporation only 1 year out of my MBA. Huge salary leap and a fantastic career that I actually enjoy.
     
  12. Motol12

    Motol12 Senior member

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    Graduated with my MBA at the height of the 80s Wall Street fever. One of the best decisions I ever made, it got me the job I wanted and the connections I needed to succeed.

    Cost an arm and a leg too, and if I had graduated during the bust I might not be singing the praises of the MBA.
     
  13. speedfreak

    speedfreak Well-Known Member

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    I am studying in Germany, so things might be a litte bit different in the states then here, but I really don't see the value in a MBA program for my career.

    I have my bachelors degree in econ and will be graduating in April with my masters degree in econ. Plus, I'm starting with the Chartered Financial Analysts (CFA) program in december and will hopefully start working in Investment Banking then next summer. I don't think I would learn any new "business" related stuff since the MBA was, at least as far as I know, designed for people with degrees in physics, engineering and similar backgrounds. So, in essence two master degrees in economics and business doesn't really make much sense to me. I'd rather do a PhD after getting some work experience...
     
  14. BYucko

    BYucko Senior member

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    the MBA was, at least as far as I know, designed for people with degrees in physics, engineering and similar backgrounds.

    I have never heard of this before. Can someone elaborate?

    I thought getting the MBA was pretty standard.
     
  15. JayJay

    JayJay Senior member

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    I have never heard of this before. Can someone elaborate?

    I thought getting the MBA was pretty standard.

    speedfreak is right about the history of the MBA. It was originally for nonbusiness professionals who needed training in business.
     
    1 person likes this.
  16. norymeoreason41

    norymeoreason41 Well-Known Member

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    speedfreak is right about the history of the MBA. It was originally for nonbusiness professionals who needed training in business.
    Although this may be true, I can certainly say the value in my MBA was not the business knowledge I gained. The true value was in working constantly in small groups of people who are all working toward a common goal. I learned more about teamwork during my MBA than any of my team sports I played throughout high school. The network I built was almost equally as important.
     
  17. dshin

    dshin Senior member

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    Taking my gmat in a little over a week. I took this coming week off to study. I need to score in the 700's if I want to get in to the school I want to go (U of M ann arbor, ross night and weekend program) since my undergrad gpa wasn't so hot (bs chem engineering). And I have 2 weeks to complete the application essays as well. I'm not pursuing a mba to make more money. I already make much more than most mbas do. I am going to use it as means to go into a totally different career path.
     
  18. v0rtex

    v0rtex Senior member

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    The price of MBA tuition seems to vary a huge amount... so far, I've found:

    • Aspen.edu - online, less than $9k for the whole thing, cheapest accredited MBA I've found
    • Rollins - local private college, quite prestigious (at least in Central Florida), around $30-50k
    • Wharton - world famous, around $140k

    Given that I would be doing an MBA primarily to enhance my formal business skills for running my own businesses (ie. I'm not trying to impress a corporate recruiter or get into the Wall Street 'old boy' network), is the Ivy League education worth it, or will I get an equally useful education/qualification from the online colleges? (After all, they're accredited, so they must meet some minimum standard, right?)
     
  19. speedfreak

    speedfreak Well-Known Member

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    ..., or will I get an equally useful education/qualification from the online colleges? (After all, they're accredited, so they must meet some minimum standard, right?)
    As for the knowledge itself, I really don't think it matters much at what university and in which city you study. I mean, the books are the same everywhere and the rest is up to you. A fancy uni doesn't make you a smater student per se. Choosing a prestigeous uni might get you a better network plus it is a pretty strong signal to the recruiter in terms of your motivation. But if you only want to acquire some skills for your own business, just get into one of the programs out there and be curious, make up your mind in what you are interesseted into and then have a go from there on your own...
     
    1 person likes this.
  20. maxnharry

    maxnharry Senior member

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    An MBA is essential in many industries and particularly if you are interested in competing for upper management positions. Issuing school can be important in some businesses, less so in others.

    As mentioned earlier, if you are doing it primarily to enhance your own knowledge as an entrepreneur, the issuing brand matters less.

    For all others, get into the best program that you qualify for and can afford.
     

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