I have already completed my MBA from a small time BSchool in India. After working for about three years, I realized that you need a good degree to make in big in the big-bad corporate world. I have started working on GMAT.
What I wanted to know is that: Will already having an MBA degree be a negative on my appliaction, in case I go for an MBA?
I have 3 years of post MBA experience in Financial & Business Research with US based firms in India. Taking this into account, does it make more sense going in for a PhD.
Thanks for your help.
There really are two deparate questions here. First regarding earning a second MBA: Certain schools (UCLA and Haas for example) will not consider applicants who already have an MBA. For other schools already having an MBA is clearly an additional hurdle to overcome. And for another group of schools, while you will need to address with far greater specificity why you need another MBA than you did above, if you can do so you are clearly evaluated on the merits of your application and without prejudice. So you need to check with the individual schools to see whether it makes sense for you to apply to each one.
Regarding the PhD, that depends on what you want to do after you earn your degree. Now as it happens, most business schools are screaming about a shortage of PhDs in business, but that's irrelevant if you don't want to teach. A PhD is more of an academic, research-oriented degree. If you want to go into the kind of position that requires a PhD, then go get a PhD. If what you want to do does not require the degree or perhaps over-qualifies you, then it doesn't make sense. Also keep in mind that most PhDs take four years to complete. An MBA can be earned in 1-2 years.
Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools
Follow Accepted on Twitter
Friend Accepted on Facebook
Subscribe to Accepted's Blog