Posted by: Isaac Bruce | August 9, 2012

Is an MBA Worth It?

Like most sportsmen, maybe it is true when the cruelest of fashions could turn out to be a very well-disguised blessing. The hall was quite for some time when the host responded to my question, stating “the average work experience for students admitted into our graduate program is four to nine years”. I have often viewed graduate school with a peculiar spectacle. Apart from the fact that, I don’t see myself getting into graduate school soon, it is an interesting dilemma for me. Usually there are times that I think I need to get an MBA, where as there are times I don’t even seeing myself getting one. Despite these mixed feelings about graduate school, it has almost been cool or almost a fad to say to someone, I want to do an MBA after 2 years and get a job or most likely start my own company. I definitely think is worthwhile for some people and whilst a big no no for some folks.

I have found myself faced with such a dilemma way before I got out of university for that matter. Therefore I am also in this state of ‘limbo’ in making a decision on graduate school. Whatever your position though, these statistics will be worth looking at. However, the info-graphics  is skewed to mostly getting an MBA from the United States.

The MBA is an ever increasingly popular degree program – having people think thoughts of big bucks and running their own corporations. While it is true that an MBA can give you a chance at being the CEO of a company, chances are greater that you won’t be. And if you’re not going to be making millions, you’ll be stuck with a $100,000 school loan. Many graduates who don’t get the job they want after getting their MBA have a hard time paying back that loan.

You should probably weigh the risks and rewards, analyze your field, and think about your financial situation before committing to such a huge debt. And if you feel like an MBA is not for you but you’re still dreaming about making big paychecks, don’t worry – it’s a proven fact that an MBA won’t guarantee success. This infographic will show you how you don’t necessarily need an MBA to be successful.

Worth of an MBA
Created by: MBAOnline.com

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Responses

  1. We have been where we’ve been due to our approach. AndYou bet all
    of us will likely continue to be fixed until all of us start doing things differently because if we all
    carry on executing things much the same way, we shall basically end up behind

  2. Bruce, interesting blog there!

    MBA’s are very popular graduate degree programs and tend to be less practical in nature as compared to other discourses such as medicine, mechanical engineering or computer science. Such degree programmes usually integrate actual field work, co-ops, internships and different avenues that ensure course material is heavily integrated with the industry in question.

    Nevertheless, modern day MBA’s especially, those from good schools do base their business related degree programs (from undergraduate upwards) on real life cases within the business and financial markets industry. Thus provided you are or have been a good and engaging student throughout your study period, you would have built several great skills and elaborate work experience in your target industry; which should be a good jumpstart to a bold entry into your target industry.

    How well you do in any industry primarily depends on you! Graduate studies is basically either a specialization in a particular field or an in-depth introduction to an unfamiliar one. You may be able to get a good job after graduate studies but (all things being equal) your career elevation primarily depends on YOU!

    You may be the “I’m an entrepreneur, I start my own company – at all means” type or the “I don’t really mind, I’m off for either a comfortable life or following my passion – no matter where it takes me”, but IT ALL depends on you!

    Some people believe they are ever ready to be an entrepreneur and thus start off businesses as soon as they get the chance to, whereas others may want to gain some experience from “other players in the game” and swing off to start their businesses after, while some people prefer to work for others throughout their working lives.
    ““no matter how long you work for one particular company and no matter how long you save your earnings from one particular company, you can never be as rich as the owner of that company.” Its no rocket science! ” – regarding this statement:

    If money is a person’s ultimate goal, realists would argue that there is some science in here! The country manager for a multinational may get FAR more money than a CEO of another company.

    However, high spirited entrepreneurs and optimists may prefer to stick to their CEO job titles even if it earns less at the moment, with the hope that the successes to come would be unheard of.

    (-_-)

    • Thanks Kwame, interesting analysis. I especially like your opinion on the fact that financial gain is not the ultimate human goal

  3. I do get such mixed feelings too. Now, why do most or even majority of graduates always think of how to get a good job or look forward to being employed in a firm that will pay them good money.

    I always ask myself, why are most graduates (both MBA and First Degree holders) ready to work for somebody (owner of a company) with their brains and intellects and contribute immersly towards the growth of the company, yet cannot do the same for themselves? Funny enough they understand the work operation system far better than the CEO! Lets give this thought folks!

    “While it is true that an MBA can give you a chance at being the CEO of a company, chances are greater that you won’t be.” I love this statement soo much, thanks Isaac. All i have to say on this, is, “no matter how long you work for one particular company and no matter how long you save your earnings from one particular company, you can never be as rich as the owner of that company.” Its no rocket science! Maybe someone may like to prove me wrong, i stand for correction though.


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