Find all School-related info fast with the new School-Specific MBA Forum

It is currently 16 Sep 2014, 08:00

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Deciding to go for an MBA - Need help

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 21 Nov 2010
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 1

GMAT ToolKit User
Deciding to go for an MBA - Need help [#permalink] New post 12 Nov 2012, 15:52
Hi All,
Would highly appreciate an input from the pros.
Myself
35yrs PhD in biological science working as a research fellow since last 6 years. Salary 38K/year.
Potential for growth - Slim as its difficult to get grants and may at best double if I stay on
Wife makes close to 100K ...we have one child in middle school.
I started some small businesses online that are doing ~OK..earning about 1K a month with about 10K invested (Almost at a point of going neutral to profitable soon).
Based on my entrepreneurial drive, I got encouraged to go for an MBA. There are 2 schools in my area one ranked around 90 in the top 100 and the other in mid 40s (about 1 hr drive).
The 40th ranked school has just accepted my application for admission and is offering half scholarship still leaving about 25k per year expense (This is for winter intake and the program runs for 18 mths).
My main goals are to change my 'field' and have tried applying to pharmaceutical companies etc without any luck.
My other goal is also to expand my business and possibly start something better with proper knowledge and directions.
My questions
1) The MBA program is from a decent school and the only thing missing compared to a Full time MBA is a guaranteed internship - Would that make a huge difference.
2) I read posts everywhere about MBAs being dime a dozen etc ..is it really that bad even if the school has top 50 ranks.
3) I am worried about the financial aspect - although i have my wifes backup but going to school this late in life....is this something i should consider.
4) Would it be better to 'invest' more in my business and take it up myself...

Thanks
Expert Post
VP
VP
avatar
Status: Yale SOM!
Joined: 06 Feb 2012
Posts: 1250
Location: United States
Concentration: Marketing, Strategy
Followers: 33

Kudos [?]: 411 [0], given: 245

GMAT Tests User Premium Member
Re: Deciding to go for an MBA - Need help [#permalink] New post 14 Nov 2012, 04:19
Expert's post
drpepper7 wrote:
Hi All,
Would highly appreciate an input from the pros.
Myself
35yrs PhD in biological science working as a research fellow since last 6 years. Salary 38K/year.
Potential for growth - Slim as its difficult to get grants and may at best double if I stay on
Wife makes close to 100K ...we have one child in middle school.
I started some small businesses online that are doing ~OK..earning about 1K a month with about 10K invested (Almost at a point of going neutral to profitable soon).
Based on my entrepreneurial drive, I got encouraged to go for an MBA. There are 2 schools in my area one ranked around 90 in the top 100 and the other in mid 40s (about 1 hr drive).
The 40th ranked school has just accepted my application for admission and is offering half scholarship still leaving about 25k per year expense (This is for winter intake and the program runs for 18 mths).
My main goals are to change my 'field' and have tried applying to pharmaceutical companies etc without any luck.
My other goal is also to expand my business and possibly start something better with proper knowledge and directions.
My questions
1) The MBA program is from a decent school and the only thing missing compared to a Full time MBA is a guaranteed internship - Would that make a huge difference.
2) I read posts everywhere about MBAs being dime a dozen etc ..is it really that bad even if the school has top 50 ranks.
3) I am worried about the financial aspect - although i have my wifes backup but going to school this late in life....is this something i should consider.
4) Would it be better to 'invest' more in my business and take it up myself...

Thanks



This is probably most likely the wrong forum for this type of a request.
We have an MBA, PhD, and Masters forums - please consider one of those or Ask Admissions Consultants for a profile evaluation. ask-admission-consultants-124/

Thank you!

Copied from previous post by bb
_________________

aerien

Why Yale | My Advice For Younger Applicants

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Re: Deciding to go for an MBA - Need help   [#permalink] 14 Nov 2012, 04:19
    Similar topics Author Replies Last post
Similar
Topics:
Need help in deciding for Purdue hellraiser06 2 09 Aug 2012, 09:30
Need help in deciding for colleges nikhilarora88 0 30 Jul 2012, 05:02
Experts publish their posts in the topic I need a help to decide FaithFM 4 06 May 2012, 10:35
need help deciding.. amorica 1 29 Apr 2007, 08:24
Display posts from previous: Sort by

Deciding to go for an MBA - Need help

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.