Is MBA a good option? Post your views
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TheRealCanadian
Volunteer Moderator
A quality MBA will cost you at least $50-60k. Imagine if you had that kind of cash RIGHT NOW, and what you could do with it. Invest in an IRA, pay off mortgage, etc. etc. Imagine how that could grow over the next 25 years.
I think you could do more that way than in increased salary due to an MBA (which is nebulous), but with a $60k debt load that you are paying off at 8% per year (not tax deductible).
*education is never loss*
education is never a loss.
even if you spend $50k - $60k, even in this economy,
it is cool , provided you are talking about top -10 *ONLY*
no others.
if you have this much caliber, then go ahead,
do it.
don't even think any thin else.
if you get it let me know. i will be more than happy to know
that you got into the princeton's and whartons'
do it while you can.
thanks.
education is never a loss.
even if you spend $50k - $60k, even in this economy,
it is cool , provided you are talking about top -10 *ONLY*
no others.
if you have this much caliber, then go ahead,
do it.
don't even think any thin else.
if you get it let me know. i will be more than happy to know
that you got into the princeton's and whartons'
do it while you can.
thanks.
No
Do a Finance Ph.D if you can becasue:
(1) it is free (full financial support plus $28K stipend)
(2) you are Doctor xxxx.
(3) you can get an MBA along the way easily if you want.
(4) more opportunities. You can be a professor in B-school which is at least $100k starting salary now
(5) MBA is rediculously seasonal. If you are lucky when you graduate, you get a good deal with possible tuition reimbursement. Otherwise, you can not even find a job becasue there is no ROCK-SOLID skills behind MBA.
I agree with the my_gc_2000. The best investment is to invest yourself. Unfortunately, education investment should be aligned with your expectation.
I get a Master in Statistics from a top 10 program, then another master in Computer Science from a top 10 program also (part time, company pays it). I found there are some overlap between this two. However, formal education in cs is very helpful too even though it will not double my salary.
I wish I can do a Ph.D in finance. Unfortunately, i am 30 years old now and there is a family to support
Ph.D is not directly linked to your intelligence, but sometimes the title is useful. For a master, you have to prove hard that you are smart. It is relatively easier for someone to trust a Ph.D than to trust a master. This is the social trend. So if you are young and there is no severe financial burden, then get a Ph.D.
Do a Finance Ph.D if you can becasue:
(1) it is free (full financial support plus $28K stipend)
(2) you are Doctor xxxx.
(3) you can get an MBA along the way easily if you want.
(4) more opportunities. You can be a professor in B-school which is at least $100k starting salary now
(5) MBA is rediculously seasonal. If you are lucky when you graduate, you get a good deal with possible tuition reimbursement. Otherwise, you can not even find a job becasue there is no ROCK-SOLID skills behind MBA.
I agree with the my_gc_2000. The best investment is to invest yourself. Unfortunately, education investment should be aligned with your expectation.
I get a Master in Statistics from a top 10 program, then another master in Computer Science from a top 10 program also (part time, company pays it). I found there are some overlap between this two. However, formal education in cs is very helpful too even though it will not double my salary.
I wish I can do a Ph.D in finance. Unfortunately, i am 30 years old now and there is a family to support
Ph.D is not directly linked to your intelligence, but sometimes the title is useful. For a master, you have to prove hard that you are smart. It is relatively easier for someone to trust a Ph.D than to trust a master. This is the social trend. So if you are young and there is no severe financial burden, then get a Ph.D.
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st8
Registered Users (C)
Depends!
MBA is a good option (if you have at least a few years work experience) and your current employer, job and income is average. If you are with the premier consulting firms and pay is 6 figures or closer to that and have close to 10 years of experience, it may not make a difference.
I assume since you are on this board (GC), you would be employed instead of finishing college.
Doing the MBA in the top 10 (should I say the Ivy League) is not always possible for H1 holders. Major reason is not the cost (which is quite expensive though and no loans as far as I am aware) but because most do not offer part time programs. So, you may have to take a sabbatical from your work (the Big 5 and top consulting firms permit this) which is loss of income. The best option would be to look at the top 20 or maybe 50 part time MBA programs. Within this list, you would need to find which major or specialization is the best in these MBA schools (not all majors in a MBA school would be the best, say Babson's PT MBA is popular for entrepreunership) and if it meets your goals and specifically interests. Be prepared as it would take 3-4 years on average to complete it.
As ric2 said, Ph.D. is even better but do you have the time plus can you land it in a good school
Once again if your current employer, job and/or income is average, it might help you in the future and as for India, if you go back it adds value (in terms of role and pay). As encouragement, it never hurts to study further (including at your local community college) and become more educated.
MBA is a good option (if you have at least a few years work experience) and your current employer, job and income is average. If you are with the premier consulting firms and pay is 6 figures or closer to that and have close to 10 years of experience, it may not make a difference.
I assume since you are on this board (GC), you would be employed instead of finishing college.
Doing the MBA in the top 10 (should I say the Ivy League) is not always possible for H1 holders. Major reason is not the cost (which is quite expensive though and no loans as far as I am aware) but because most do not offer part time programs. So, you may have to take a sabbatical from your work (the Big 5 and top consulting firms permit this) which is loss of income. The best option would be to look at the top 20 or maybe 50 part time MBA programs. Within this list, you would need to find which major or specialization is the best in these MBA schools (not all majors in a MBA school would be the best, say Babson's PT MBA is popular for entrepreunership) and if it meets your goals and specifically interests. Be prepared as it would take 3-4 years on average to complete it.
As ric2 said, Ph.D. is even better but do you have the time plus can you land it in a good school
Once again if your current employer, job and/or income is average, it might help you in the future and as for India, if you go back it adds value (in terms of role and pay). As encouragement, it never hurts to study further (including at your local community college) and become more educated.
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ric2, please explain a bit
ric2,
I always read your posting - mainly regarding further education - with lot of interest.
Few days back - you were talking about going for Ph.D. in Information Systems in any good Business School.
Now, you are thinking about Ph. D. in Finance.
Would you please share your thoughts in detail ?
********
My thoughts are:
(1) Ph. D. in Information Systems would be easy for an MS in CS, but would not generate much value addition -- as far as his involvement in business at large is concerned.
(2) Ph. D. in Finance is a bit challenging, but good as a combination of CS with Finance is very strong.
But my question is : What are the possible career avenues you are considering after doing Ph.D. in Finance after MS(CS) and MS(Stat).
Frankly speaking, this is not out of sheer curiosity, it is enlightening to know your thoughts in this context.
ric2,
I always read your posting - mainly regarding further education - with lot of interest.
Few days back - you were talking about going for Ph.D. in Information Systems in any good Business School.
Now, you are thinking about Ph. D. in Finance.
Would you please share your thoughts in detail ?
********
My thoughts are:
(1) Ph. D. in Information Systems would be easy for an MS in CS, but would not generate much value addition -- as far as his involvement in business at large is concerned.
(2) Ph. D. in Finance is a bit challenging, but good as a combination of CS with Finance is very strong.
But my question is : What are the possible career avenues you are considering after doing Ph.D. in Finance after MS(CS) and MS(Stat).
Frankly speaking, this is not out of sheer curiosity, it is enlightening to know your thoughts in this context.
Hmm..
-----------
(1) Ph. D. in Information Systems would be easy for an MS in CS, but would not generate much value addition -- as far as his involvement in business at large is concerned.
-----------
You are right! It does not add any value. After Ph.D in IS, there is only one way out - be a professor in a B-school which is about $80-$100K, then followed by 2% annual increase. The room for growth is almost dead also. It is a wrong way.
------------
(2) Ph. D. in Finance is a bit challenging, but good as a combination of CS with Finance is very strong.
But my question is : What are the possible career avenues you are considering after doing Ph.D. in Finance after MS(CS) and MS(Stat).
----------
Ph.D in Finance has more ways to go. You could be
(1) A professor in B-school which is $100K-$150K nowdays.
After you get established in academic, you could do
a cconsluting job for a financial company which is a lot of money.
So you get both reputation, money with no legal responsibility. This is the perfect dream for many people.
(2) You could go directly to Wall Street. At the age of 45, it is not impossible to make half-to-one million.
(3) Or of course, if you are bad luck and you are not rock-solid, you could not even find a job or find a job in a low-profile public school. This is the bad outcome.
Conclusively, Ph.D in Finance has more room for growth. This is the difference.
Please let me know if I can be of any help.
-----------
(1) Ph. D. in Information Systems would be easy for an MS in CS, but would not generate much value addition -- as far as his involvement in business at large is concerned.
-----------
You are right! It does not add any value. After Ph.D in IS, there is only one way out - be a professor in a B-school which is about $80-$100K, then followed by 2% annual increase. The room for growth is almost dead also. It is a wrong way.
------------
(2) Ph. D. in Finance is a bit challenging, but good as a combination of CS with Finance is very strong.
But my question is : What are the possible career avenues you are considering after doing Ph.D. in Finance after MS(CS) and MS(Stat).
----------
Ph.D in Finance has more ways to go. You could be
(1) A professor in B-school which is $100K-$150K nowdays.
After you get established in academic, you could do
a cconsluting job for a financial company which is a lot of money.
So you get both reputation, money with no legal responsibility. This is the perfect dream for many people.
(2) You could go directly to Wall Street. At the age of 45, it is not impossible to make half-to-one million.
(3) Or of course, if you are bad luck and you are not rock-solid, you could not even find a job or find a job in a low-profile public school. This is the bad outcome.
Conclusively, Ph.D in Finance has more room for growth. This is the difference.
Please let me know if I can be of any help.
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Yes
Full time Ph.D in Finance is always fully financially supported by the school (free tuition + $28k stipend) . Check WWW.STERN.NYU.EDU for more info.
However, it is very hard to get in.
Full time Ph.D in Finance is always fully financially supported by the school (free tuition + $28k stipend) . Check WWW.STERN.NYU.EDU for more info.
However, it is very hard to get in.
Optimystique
Registered Users (C)
On the same note
My Wife is on her EAD right now. We should be getting our GC(touchwood) soon. She was trying to find out the kind of profession that she can get into. She has a masters in mass communications from India, and she was working in an media and communications agency in India, but she is not getting too many responses from similar industries here. One reason is that the media and communications industry out here is very different and people very much familiar with the tastes and styles of the american culture stands to make any headway into that segment. So she was thinking about going for additional qualifications . Either in media or totally change her line to some other field. One field that comes to mind is obviously technology, because, if not now, at least 2-3 years down the line this field is bound to grow for obvious reasons. Another field is teaching, but with the research that I have done, teaching is only a noble profession and it doesnt pay enough to compensate for two kids going to day care. So any thoughts you guys might have, if you have, are welcome on this topic.
My Wife is on her EAD right now. We should be getting our GC(touchwood) soon. She was trying to find out the kind of profession that she can get into. She has a masters in mass communications from India, and she was working in an media and communications agency in India, but she is not getting too many responses from similar industries here. One reason is that the media and communications industry out here is very different and people very much familiar with the tastes and styles of the american culture stands to make any headway into that segment. So she was thinking about going for additional qualifications . Either in media or totally change her line to some other field. One field that comes to mind is obviously technology, because, if not now, at least 2-3 years down the line this field is bound to grow for obvious reasons. Another field is teaching, but with the research that I have done, teaching is only a noble profession and it doesnt pay enough to compensate for two kids going to day care. So any thoughts you guys might have, if you have, are welcome on this topic.
Going by recent census reports about ageing US population (baby boomers of 60s), it appears medicare professionals (nurses, medical technicians) and pharmacists (not pseudo types on this forum), and those in pharmaceuticals companies inventing new drugs will be in big demand. Bio-tech/microbiology are another fields which are strong contenders for job markets.
These are just my 2 cents worth observations.
These are just my 2 cents worth observations.
Well I agree with dma-va...
Medical fields are the next big things. IT sector is a bubble history now. Here is my plan, I have a BS in Pharmacy and MS in Pharmaceutics and Industrial pharmacy. I will quit from my company as soon as I get my GC. Very soon, I will get my Registered pharmacist license and my earning will jump 120k-140k if I work 50 hrs/ wk. Most of the major chain pharmacy has tuition reimbursement plan. Then I will go for Pharm.D (doctor of pharmacy) or Ph.D in Pharmaceutics.
Now I feel good because i didnt take so called hot subject computer science during my early years. Medical education is more stable and good investment for career.
Medical fields are the next big things. IT sector is a bubble history now. Here is my plan, I have a BS in Pharmacy and MS in Pharmaceutics and Industrial pharmacy. I will quit from my company as soon as I get my GC. Very soon, I will get my Registered pharmacist license and my earning will jump 120k-140k if I work 50 hrs/ wk. Most of the major chain pharmacy has tuition reimbursement plan. Then I will go for Pharm.D (doctor of pharmacy) or Ph.D in Pharmaceutics.
Now I feel good because i didnt take so called hot subject computer science during my early years. Medical education is more stable and good investment for career.
Habibi,
Wow, stupendous predictions about yourself. Who do you see.........Ajmeri Baba?
With your tremendous skills you must already be making 100K. A jump of 120-140K will take you to 220K league (new company CEO reporting to Habibi everyday).
Earlier, the poor guy had only asked about good suggestions for his wife, and in response we received Habibi singing praise about herself.
Wow, stupendous predictions about yourself. Who do you see.........Ajmeri Baba?
With your tremendous skills you must already be making 100K. A jump of 120-140K will take you to 220K league (new company CEO reporting to Habibi everyday).
Earlier, the poor guy had only asked about good suggestions for his wife, and in response we received Habibi singing praise about herself.
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Optimystique
Registered Users (C)
Only the Bubble is history, IT is not
Dont jump the gun so fast. Only the bubble in IT is history. If you are living in the US you would know that IT and the demand it generates cannot be history unless the people here decide to go back to rotary telephones and teleprinter exchanges. Anyway that's not the point that we are discussing, so we leave it at that.
Dont jump the gun so fast. Only the bubble in IT is history. If you are living in the US you would know that IT and the demand it generates cannot be history unless the people here decide to go back to rotary telephones and teleprinter exchanges. Anyway that's not the point that we are discussing, so we leave it at that.
Stick to the point!!!
Friends...It was really good to know that one can persue various option on similar lines as MBA. But at the same time it would be highly appreciated if one can focus on the topic for discussion and not digress into unwanted and unhealthy conversations. This I hope helps people to think in an new direction and help them to come out of the current so called "Confused Web" ...Thanks and lets keep going..
Friends...It was really good to know that one can persue various option on similar lines as MBA. But at the same time it would be highly appreciated if one can focus on the topic for discussion and not digress into unwanted and unhealthy conversations. This I hope helps people to think in an new direction and help them to come out of the current so called "Confused Web" ...Thanks and lets keep going..