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Is MBA the right option for my goals?

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Manager
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Joined: 09 Apr 2015
Posts: 72
Is MBA the right option for my goals?  [#permalink]

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New post 26 Mar 2017, 09:00
I got admitted into Indiana University - Bloomington for an M.S Data Science program. Now. In Data Science, apart from using statistical tools to analyse EXCEL tables, a major part of knowing what to do involves having DOMAIN KNOWLEDGE. By August, 2019, I would've completed my M.S degree.

For example,
Lets say, in the future, I'm using Statistics for Health Care. The problem is, while applying statistical tools to analyze patterns in variables, I need to understand HOW TO ASK THE RIGHT QUESTIONS. The issue with that is.. I have no experience in Health Care.

Will an MBA in Health Care help me ask the right questions related to Health Care?

I can say one thing. I don't have a PhD or anything, but Data Science can be applied for any field.

so will an MBA in Finance give me domain knowledge in Finance?


and I history of one backlog and an undergraduate GPA of 7.0, I intend to make the best use of my time in my M.S degree (I love the field that I'm going to be studying!)

I'll probably take up the GMAT in 3 years time, and if the same motivation I have today persists, then I'll nail the GMAT too.

The way I'll distinguish my application from others is that, I would've used Data Science for a lot of things. Like pattern mining in ONLINE VIDEO GAMES.

Is there a way I'll get into the Ivy leagues with such motivations and if I can execute these long term goals.
Intern
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Joined: 22 Mar 2007
Posts: 5
Location: United Kingdom
Concentration: Entrepreneurship, Technology
Schools: Imperial (A)
GMAT 1: 680 Q49 V35
GPA: 3.9
WE: Engineering (Transportation)
Re: Is MBA the right option for my goals?  [#permalink]

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New post 05 Apr 2017, 14:06
Hi Orochimaru, an MBA will not teach you how to ask the right questions. If you want to know how to ask the right questions, you only need to focus on making sure you understand the pain point you are trying to solve or the goal you are trying to achieve, and then figure out how to solve it, as simple as that. An MBA might be a very expensive solution to that point.

However, an MBA will probably give you a perspective around concepts like creating a business model around the problem space you are considering by maybe giving you an opportunity to study how other companies have made money in this space. An MBA could also help you understand the ecosystem of other stakeholders that can help you succeed in a business / venture you go on to form, if at all.

Have you considered working in the healthcare data science space after your M.S. and learning through your experience to see what gaps an MBA could help you fill? Personally, I also think working in that space will give you more experience and focus on what exactly you are trying to achieve through the MBA.
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Imperial College MBA | Online Entrepreneur | Podcaster | Product Manager

Re: Is MBA the right option for my goals? &nbs [#permalink] 05 Apr 2017, 14:06
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Is MBA the right option for my goals?

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