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To MBA or not, that is the question. (1 Viewer)

ragincajun

ragincajun

Footballguy
So I have been on the fence about obtaining my MBA.  It seems as though all of the positions I look at prefer an MBA, but do not require it.  I have a very good path in front of me with my current company however I feel like venturing into a different field /area of my profession.  With that being said do you guys see any value whatsoever in obtaining an e-MBA?  I can crank one out at a lower cost.  I could go to Tulane or LSU for the B&M route but if my current company relocated me then I may be losing credits if I transferred to another school.  I know networking is one of the biggest deals with an MBA, however it does hold other value.  For what it is worth they will pay 100% B&M and 50% e however I have to commit X amount of years post education to the company.

Thoughts, questions, concerns, riddles?

 
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I was in a similar situation as you a while back.  MBA graduates were making less than me in my position at the time so I decided to pass even though my company would pay 100%.  The opportunity cost just wasn't worth it.  If you were a liberal arts major undergrad it might make sense. 

 
Bowel Movement... Er.... Brick and Mortar.

The field is Supply Chain.  Good question Walkman.  I need to look at the options there.  One option is a Masters in Supply Chain.  There are a few schools, MIT, Clemson, Penn, that offer it.

 
How old are you?  Married? Kids?  

Depending on where you are at in life if you have the time and someone is willing to pay 100% of it it may be well worth it.  Especially if you can get into a top school.  How were your undergrad grades?  What's your work expierence like? Have you taken a practice gmat?  If not, how do you generally do on standardized testing.  What was your SAT/ACT?

 
Depends a lot on your age. Would make much sense for 30 year old with 30 working years ahead of them versus a 50 year old who is nearing the end of their career. 

 
40, yes, yes, Decent, 10+ years in my current field, middle management, no, good, umm if I recall mid 20s and around 1200?  I took one hungover and didn't practice at all for either.

 
You should be like my brother in law and just lie and say you have one. He has a monster job pulling in 7 figures all in.

Feel like I should blackmail him.

 
ragincajun said:
40, yes, yes, Decent, 10+ years in my current field, middle management, no, good, umm if I recall mid 20s and around 1200?  I took one hungover and didn't practice at all for either.
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Do you have a good financial situation now?  What kind of career change are you considering, if you feel comfortable being more specific.

 
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I think I would go for it if I were you. They pay for the B&M? Go that route, plus you have more years locked in with that company. Job security. Yep. :thumbup:

 
Slapdash said:
Do you have a good financial situation now?  What kind of career change are you considering, if you feel comfortable being more specific.
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Yes.  I want to start becoming more specialized in the IOT or the "cloud" and how it impacts Procurement.  Contracts and buying stuff is ever evolving towards this imho.

 
ragincajun said:
So I have been on the fence about obtaining my MBA.  It seems as though all of the positions I look at prefer an MBA, but do not require it.  I have a very good path in front of me with my current company however I feel like venturing into a different field /area of my profession.  With that being said do you guys see any value whatsoever in obtaining an e-MBA?  I can crank one out at a lower cost.  I could go to Tulane or LSU for the B&M route but if my current company relocated me then I may be losing credits if I transferred to another school.  I know networking is one of the biggest deals with an MBA, however it does hold other value.  For what it is worth they will pay 100% B&M and 50% e however I have to commit X amount of years post education to the company.

Thoughts, questions, concerns, riddles?
Click to expand...
Yeah, do it. ASAP. I got burned on waiting. I'm in FP&A in Supply Chain at my company, wanted to get my CPA which was a career/life goal first, then come back after a 1-2 year break from the CPA study grind for the free MBA. I got the CPA done and in the window before I was going to seriously start looking at programs, they yanked the MBA reimbursement policy. Was a blank check anywhere if you got in and your management agreed to pay for it out of their budget. Glad I got the CPA, but will never live down the opportunity cost of a free MBA. I don't necessarily need it to move up or anything, but heck if its free there's absolutely 0 reason not to. Get on it and best of luck. 

 
I'd recommend doing it.  I went back to school 3 years ago and found the experience much more enjoyable than undergrad.  I did everything online so I could squeeze in school work when I had time and not have to work around a school schedule.  It was a lot of work but 3 years later I have 2 masters degrees.  I'm taking a short break and then going back to get my MBA.  My company currently pays 100% but I can see the end of that coming so I'm trying to squeeze in as much as I can.

 
ragincajun said:
40, yes, yes, Decent, 10+ years in my current field, middle management, no, good, umm if I recall mid 20s and around 1200?  I took one hungover and didn't practice at all for either.
Click to expand...
These answers make it a little tougher for me to say its a "no brainer" but  if you and your family are ok with the hours youll have to put in likely coming from time spent with them then I'd so go for it.  

The only thing I can say for sure here is if you are going to do it, go to the best school you can get into.  Advanced degrees today are becoming very commonplace, so if you can, seperate yourself by going to a top one.

 
If you went the "B&M" route would it be a full-time, evenings, or executive program?

That would make a big difference in my thought process, were I you.

 
If you go for it, I echo the brick and mortar route. You'll be in classes with established professionals and can network with them. I finished my Master of Public Administration last year and I'm already getting consulting gigs from someone I met in my program. That's going to be a large part of the value of the degree. 

 
ragincajun said:
Evenings / Executive
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I would say go for it. I don't see a lot of downside.

I have an MBA and got mine 20 years ago. If I had an employer that would sponsor me getting a Masters in Data Science, Statistics, or something related right now, I would jump at it. And I am 7 years older than you are.

 
Got to go for it.  I'm biased.  MBA was great for me.  My company paid for it while I worked and went to school at night for about 2 years.  I was like 25 years old so a long time ago.  Opened a lot of doors. My salary quadrupled in 13 months as Oracle hired me within months, then IBM hired me away from them.   I'm not sure why it's important.  I probably learned more in HS than I learned getting my MBA.   But from a $ perspective, it was a quick hit that I could never replace.

 
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