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Is MBA Enough to Advance Your Career?

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Is MBA Enough to Advance Your Career?

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nink
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Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 07:17
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
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 07:35
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.
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 07:42
domtri33 wrote:
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.


I think he is just using the article as a starting point to just ask the question, "Is MBA enough to advance your career?"
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 07:50
Done

:-D
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 08:23
to the c-e-o~
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 08:32
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.
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 08:44
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.
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   24 Feb 2009, 08:52
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?
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   25 Feb 2009, 09:15
nink wrote:
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?



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-)
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   25 Feb 2009, 09:48
yeah, assuming there are 50 numbers and you are trying to pick five, you would have to buy over 2 million tickets to cover all the combinations.
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Re: Is MBA Enough to Advance Your Career? [#permalink] New post   27 Feb 2009, 07:18
haha they DO teach it in school (stats).

on the probability of winning the lotto "https://members.cox.net/mathmistakes/rawdata.htm" :P

the author calls it a "voluntary tax"
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Re: Is MBA Enough to Advance Your Career? [#permalink]
27 Feb 2009, 07:18

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