Is MBA Enough to Advance Your Career?

Question

Interesting article discussing whether MBA degree is enough to advance your career to where you want to go in the near future.

Is MBA degree enough, or is it just a commodity now?

https://www.financialpost.com/scripts/st ... id=1321673

domtri33 · Answer

nink, I think your poll categories may be a bit misleading based on what is said in the article. Getting a degree higher than MBA would be Phd. Generally, getting a Phd shows a desire to enter the world of academia, not necessarily to advance your career in the private sector. The article that you posted talks a lot about executive business education. I wouldn't necessarily view this as "higher" than MBA. Its more like a refresher training for leaders in business, continuing education, if you will. MDs do this too, except they usually get to go to places like Key Largo and Hawaii for there continuing education classes.

BearStearner · Answer

I think he is just using the article as a starting point to just ask the question, "Is MBA enough to advance your career?"

nink · Answer

Done

<img src="{SMILIES_PATH}/icon_biggrin.gif" alt=":-D" title="Very Happy" />

billyjeans · Answer

to the c-e-o~

solaris1 · Answer

Voted "No" because I am not explicitly pursuing an MBA to just advance my career (there are several personal considerations involved), and the fact that while having an MBA would makes things easier, it would by no means be a requirement for me to move ahead in my career.

Jerz · Answer

I answered yes because, while I share solaris1's views that an MBA alone isn't enough, it is enough formal education which I think was the original question. That's not to say I would never do any other educational programs run by a business school in the 30 or so years between when I graduate with an MBA and when I retire, but this will be my last formal degree program.

nink · Answer

I answered Yes because I just sold my car to finance a jetski and to pay off my grad school debt, and I don't want to pay for another degree after MBA.

Total cost of BBA: $45k/yr for 3 years
Total cost of MS: $50k
Total cost of Prof Certifications: $1.5k
Estimated Cost of MBA: $80k 
 
 Total Higher Education Cost: $266,500

I think if I spent $266.5k on lotto tickets, I might have had a jackpot and I could have retired. Why don't they teach that in college?

TimeSquareDesi · Answer

I actually just worked this out in a graduate level probabilty class I am taking. Let's just say that the probability of picking 2 of 5 winning numbers (out of 50) correctly is .099%. Matching 3, 4 and 5 numbers all yield probabilities of FAR FAR FAR less than 1% ..... just something to brighten your day 8-)