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I'm 23, just got out of college and since I knew the GMAT will be a tough challenge for me, I decided to start preparing for it early.
The reason why I asked my question is that I was advised by a couple of people to rethink about getting an MBA and realize that each day working in the market is very valuable. Personally I don't agree with that but I still got confused. I thought there was no debate about the value of an MBA.
The reason why I asked my question is that I was advised by a couple of people to rethink about getting an MBA and realize that each day working in the market is very valuable. Personally I don't agree with that but I still got confused. I thought there was no debate about the value of an MBA.
22 Apr 2007, 08:26
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There is definitely always a debate about the value of an MBA. I was reading an article yesterday (see link at the bottom) where they tracked the performance of 19 students who graduated from HBS in 1990 at the top of their class. According to the article, 10 of the 19 were utter failures.
So people will always have arguments for the value of an MBA, but I think the real question is, is an MBA going to be valuable for YOU. And you're probably the only person who can make that choice. People who are proactive and who create their opportunities will likely benefit from an MBA, while people who think merely getting an MBA entitles them to some great job and bright future may be in for a surprise when their super-charged expectations aren't met.
https://www.iht.com/articles/2006/06/12/ ... arvard.php
So people will always have arguments for the value of an MBA, but I think the real question is, is an MBA going to be valuable for YOU. And you're probably the only person who can make that choice. People who are proactive and who create their opportunities will likely benefit from an MBA, while people who think merely getting an MBA entitles them to some great job and bright future may be in for a surprise when their super-charged expectations aren't met.
https://www.iht.com/articles/2006/06/12/ ... arvard.php
22 Apr 2007, 09:59
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We've had similar discussions about this subject before. If you can get into one of the ultra-elites, it should be a no-brainer, just go. The two years that you spend is a pittance compared to the access you will have to professors, fellow students, and perhaps most importantly recruiters. Can't remember where I read this, but at no other time in your life will you have the opportunity to meet with dozens and dozens of firms from various industries.
If you can get into an elite school (check the b-school review forums for definitions of these) it's virtually a no-brainer. Unless you are in a career where you are already making a lot of money and have a well defined high-trajectory career path that doesn't require an advanced degree, the time and money spent getting an MBA will pay off quickly.
MBAs from schools in lower clusters are valuable as well, but require a little more thought an planning before you leap in. You will need to consider how much money you are making now and how much you will give up during school; whether an MBA from the schools you are considering will help you get ahead; whether said schools are strong in the region of the country you'd like to work; what placements are like, etc.
It's a no-brainer if you can get into the best schools, but an MBA can still be valuable if you carefully define what you'd like to get from the experience.
If you can get into an elite school (check the b-school review forums for definitions of these) it's virtually a no-brainer. Unless you are in a career where you are already making a lot of money and have a well defined high-trajectory career path that doesn't require an advanced degree, the time and money spent getting an MBA will pay off quickly.
MBAs from schools in lower clusters are valuable as well, but require a little more thought an planning before you leap in. You will need to consider how much money you are making now and how much you will give up during school; whether an MBA from the schools you are considering will help you get ahead; whether said schools are strong in the region of the country you'd like to work; what placements are like, etc.
It's a no-brainer if you can get into the best schools, but an MBA can still be valuable if you carefully define what you'd like to get from the experience.
