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Should I go for my MBA?

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Should I go for my MBA? [#permalink]

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New post 20 Jul 2017, 17:07
This is going to be long so bear with me. Does an MBA degree actually increase salary for the same job, or just qualify you for jobs that tend to make more money? I know the statistics say something like "An MBA degree increases your earning potential by an average of 50%." So for example, if I were to get a Marketing job straight out of undergrad, and the salary was $50,000, does that mean that if I got my MBA and then applied for that SAME marketing job, I would expect a salary of $75,000? Or, is it more so that those with MBAs are qualified to apply for better jobs, leading to that 50% salary increase?

I am a college athlete and Business Admin major heading into my senior year, but I had to redshirt this year because of injury, so I have an extra year of eligibility to work with. Took the GMAT and got a 750. Here are my academic options-
1. Slow down current track to graduate this year and try to pick up a minor while getting Business Admin. degree in 5 years instead of 4. Potentially get MBA at more prestigious school down the road.
2. Join my school's 5 year MBA program (not very prestigious program) and get my MBA after 5 years while finishing my baseball eligibility.

I have an internship this summer with a Fortune 500 company that will give me a job if I want directly out of college no matter my degree, which is why I was wondering about the whole MBA/no MBA salary in the first paragraph. Thanks

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Re: Should I go for my MBA? [#permalink]

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New post 20 Jul 2017, 19:44
tlines2:

An MBA provides a credential that is very appealing to employers. It shows that you have gone through rigorous training in terms of core business concepts (finance, accounting, marketing, ops, etc.) and truly want to find a meaningful career. As such, I think that the salary increase results from employers viewing you as being more qualified for the position.

To assess whether an MBA is right for you or not, I would look at your long-term goals. Ask yourself, "what do I REALLY want to do?" From there you can set short-term goals and create a glide path / timeline to help you eventually reach your long-term goal. Once you figure that out, you can see if an MBA makes sense for you or if you can reach your long-term goal through another medium (e.g. working at a Fortune 500 company, then going to another company of your dreams). I think that your academic options also rely on what direction you want to go with your career. Hope that helps!

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Re: Should I go for my MBA? [#permalink]

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New post 20 Jul 2017, 21:13
tlines2 wrote:
This is going to be long so bear with me. Does an MBA degree actually increase salary for the same job, or just qualify you for jobs that tend to make more money? I know the statistics say something like "An MBA degree increases your earning potential by an average of 50%." So for example, if I were to get a Marketing job straight out of undergrad, and the salary was $50,000, does that mean that if I got my MBA and then applied for that SAME marketing job, I would expect a salary of $75,000? Or, is it more so that those with MBAs are qualified to apply for better jobs, leading to that 50% salary increase?

I am a college athlete and Business Admin major heading into my senior year, but I had to redshirt this year because of injury, so I have an extra year of eligibility to work with. Took the GMAT and got a 750. Here are my academic options-
1. Slow down current track to graduate this year and try to pick up a minor while getting Business Admin. degree in 5 years instead of 4. Potentially get MBA at more prestigious school down the road.
2. Join my school's 5 year MBA program (not very prestigious program) and get my MBA after 5 years while finishing my baseball eligibility.

I have an internship this summer with a Fortune 500 company that will give me a job if I want directly out of college no matter my degree, which is why I was wondering about the whole MBA/no MBA salary in the first paragraph. Thanks


I am really opposed to people getting an MBA without a specific end in mind that makes sense. Read this: http://www.rethinkthemba.com/
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Re: Should I go for my MBA? [#permalink]

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New post 20 Jul 2017, 22:16
tlines2 wrote:
This is going to be long so bear with me. Does an MBA degree actually increase salary for the same job, or just qualify you for jobs that tend to make more money? I know the statistics say something like "An MBA degree increases your earning potential by an average of 50%." So for example, if I were to get a Marketing job straight out of undergrad, and the salary was $50,000, does that mean that if I got my MBA and then applied for that SAME marketing job, I would expect a salary of $75,000? Or, is it more so that those with MBAs are qualified to apply for better jobs, leading to that 50% salary increase?

I am a college athlete and Business Admin major heading into my senior year, but I had to redshirt this year because of injury, so I have an extra year of eligibility to work with. Took the GMAT and got a 750. Here are my academic options-
1. Slow down current track to graduate this year and try to pick up a minor while getting Business Admin. degree in 5 years instead of 4. Potentially get MBA at more prestigious school down the road.
2. Join my school's 5 year MBA program (not very prestigious program) and get my MBA after 5 years while finishing my baseball eligibility.

I have an internship this summer with a Fortune 500 company that will give me a job if I want directly out of college no matter my degree, which is why I was wondering about the whole MBA/no MBA salary in the first paragraph. Thanks


The reason you would do an MBA is to upskill your self and become eligible for those higher level jobs, which you will probably not get without an MBA. Knowing your post MBA worth, you would yourself not go for the same pre-MBA level job. Moreover you will need a higher salary to pay off the MBA debt.

So an MBA will help you get a higher level job + a higher salary. I am sure you would look at career growth rather than getting back to the same level job.

Of the three options you have posted here, I would go with the third if that allows you to graduate within 4 years. An MBA is best utilized when you have work experience under your belt and getting an internship followed by a job looks like the fastest way to achieve this.
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Re: Should I go for my MBA? [#permalink]

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New post 16 Sep 2017, 21:11
Personally, I think most of the people nowadays would at least have a diploma (Most of my colleagues have degree cert), the working world is getting more competitive nowadays. If you want to be ahead of others, getting an MBA does more good than harm

MBA will definitely make you stand out (among other diploma/degree grads) and the chance of you get promoted is higher, hence salary is of course higher ;)
I've a friend who performed worse than me in high school but her family is rich and afford sending her to study Master in SIM (one year).
Her entrance salary is already higher than what I get now - We're at the same age, the difference between myself and her is only the master cert (I'm a degree holder).

About the two options, I'm not sure what to recommend as you didn't mention which is the more prestigious/less prestigious academic institution.

Good luck and all the best!

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Re: Should I go for my MBA? [#permalink]

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New post 20 Sep 2017, 03:25
Of course yes. It's a good niche to start your carrer ladder. Moreover, it's very perspective and people with MBA can earn more and achieve great results. If your are analytically-minded, that's just the job!

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Re: Should I go for my MBA?   [#permalink] 20 Sep 2017, 03:25
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