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Question on Value of MBA
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16 Nov 2010, 10:16
16 Nov 2010, 10:16
Hi all,
I have a question for everyone. I am currently a CPA in public accounting looking to eventually move into a management position in private industry (controller, CFO, etc). I'm considering obtaining an MBA as a way of rounding out my skill sets and making my profile more attractive for management type positions. I have two options for doing this, keep working and go part time to a school like BU or BC (ranked 30-40) or go full time to a top ten school like Tuck or Yale (assuming I can get in). I have calculated that between lost wages, higher tuition, etc, it would cost about $170,000 extra to do it full time vs part time. So my question is, generally speaking, is the difference between the value of an MBA from Tuck/Yale and the value of an MBA from BU/BC worth $170,000 and 2 lost years of work experience? I understand that money should not be the only consideration and that these questions are highly dependent on each individual's unique circumstances, but even some broad general advice would be helpful.
Thanks!
I have a question for everyone. I am currently a CPA in public accounting looking to eventually move into a management position in private industry (controller, CFO, etc). I'm considering obtaining an MBA as a way of rounding out my skill sets and making my profile more attractive for management type positions. I have two options for doing this, keep working and go part time to a school like BU or BC (ranked 30-40) or go full time to a top ten school like Tuck or Yale (assuming I can get in). I have calculated that between lost wages, higher tuition, etc, it would cost about $170,000 extra to do it full time vs part time. So my question is, generally speaking, is the difference between the value of an MBA from Tuck/Yale and the value of an MBA from BU/BC worth $170,000 and 2 lost years of work experience? I understand that money should not be the only consideration and that these questions are highly dependent on each individual's unique circumstances, but even some broad general advice would be helpful.
Thanks!
Re: Question on Value of MBA
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17 Nov 2010, 15:25
17 Nov 2010, 15:25
If you're looking to stay in a finance related role, IMO the full-time MBA isn't worth it. Especially if you want to go into a controller position, having significant public accounting experience - especially if it's Big 4 - is a more important credential than an MBA.
Re: Question on Value of MBA
[#permalink]
22 Nov 2010, 15:31
22 Nov 2010, 15:31
I agree -- as a CPA, your accounting will likely be just at par with most of the accounting courses in an MBA anyways, frankly. For the roles you describe, they usually look to people w/a good mix of Finance background with a strong operational understanding (not just a numbers guy). You can probably create a better path for this in industry vs. a MBA program choice
Good luck!
Aveek Guha, President, www.mbadaycamp.com
Good luck!
Aveek Guha, President, www.mbadaycamp.com
