Ginetta
So I dont know of anyone in architecture, but you have said yourself that the people leading your profession dont have MBA's and have a lack of business education. So, they are obviously getting to the higher rungs without it. If you wanted to stay in architecture I see little point in shelling out $150k for your MBA when its not needed. You can learn project management fairly easily through designations such as the PMP.
Architecture has little to do with business, or the planning behind the development project and its profitability. You will have to decide which path you are most interested in, and follow that route. If you want to be in design, stay and get your Architecture license. If you want to be on the business side, get your MBA - but that is going to take you away from pure architecture. If you are working on big projects, I cant see a person having enough bandwith to plan a project its financing etc, and then also design the whole thing. You are going to be on one aspect of the project or the other.
Thanks for your response Ginetta. Let me give you some more information.
I already have my Architecture License so I am Licensed and have passed the 9 exams necessary to be so. I have held project management positions on large projects at the firm I worked at before the recession forced many projects around the country to be put on hold. I know that there is a limited ceiling in that profession from both a financial and a satisfaction standpoint and I want more. The lack of business sensibilities in the architecture industry is forcing the profession to almost become obsolete. It's by far the most impacted by this recession.
With this being said, I am genuinely interested in the relationship between architecture and business (development). So I would say that I am interested in the business behind real estate projects yet my architecture background has allowed me to understand the correct way to build cities and design projects. I feel I have a unique combination of the two but I also have to diversify in order to survive. Everyday you are not able to work because you picked a profession where there is no work is not a smart business decision.
On the costs, my estimates are coming nowhere near the 150k cost for an MBA. I plan on attending a Major University in one of the largest cities in the USA for close a fourth of that price.