What's The Point Of Doing An MBA?

Is it really worth the price?

I'm considering doing a Management degree; if so, would an MBA be useless and effectively re-cover what I already know?

Thanks

The ones that are worth the price are the ones that employers sponsor people for. Apart from the financial aspect this is also a solid sign that it's valued by employers. And MBA fees are aimed at those getting corporate sponsorship, which is why they are so high.

I don't know. All I know is if I can get into Harvard, Wharton or Stanford I'm using my trust fund to buy one

I have decided it's either a house deposit or an Ivy MBA.

After 2-4 years I'm taking a career break to go to the USA to get one.

This is if I can get in......

But UK employers don't support US ones

Is it really worth the price?

I'm considering doing a Management degree; if so, would an MBA be useless and effectively re-cover what I already know?

Thanks

The house is a better investment



Generally if you are in EU especially in UK, the ones who usually will ask that you do the MBA would be American companies when they see you have potential. These will pay for you to have the MBA done in USA.



Worth the price is subjective. One thing for sure, any MBA that you can get in without 5-10 years of middle-management experience won't be worth the paper it is printed on. You'd get a higher utility factor buying a Tesco Value Toilet Roll than paying for the MBA at a place that would let you in without some solid management experience. That is pretty much true to 90% of all business related post-grad qualifications.

If you want to do an MBA, ideally you should have an employer sponsor you as it is one of the greatest myth that your career prospects would dramatically improve the moment you come out with an MBA, even if it is issued by an Ivy League institution.

The price of the tuition isn't the only factor involved for the cost, you must also take into account that 18 months of income would be gone as part of the opportunity cost. This is money that will be very difficult to make up for.

Networking? LOL 99% of these programs are full of students from China, India and other countries from Asia, it would be of no value networking with them. If you are looking for the networking aspect of it, then you must join an executive MBA program or one that is catered more for working professionals.

Knowledge? The MBA program I participated in, we had one module called Strategic Management and most of us could teach the instructor more than he could teach us. If your company you wanted to work for needed the knowledge of the instructor they would have hired him not one of his students

Go for it when it is the right time as there is a very narrow window of opportunity where it can be of use in career progression rather than just another piece of paper.

If you are doing it for personal development or plain knowledge purposes, then look up on YouTube Many US institutions these days have their entire curriculum for the MBA online and you can pursue it for free

Thanks :-)

I'm getting around £80k from the trust.

So I should progress my career naturally and just use it on a house instead?

But UK employers don't support US ones

LBS is one of the best MBAs in the world and it's in the UK...

And anyway there are plenty Harvard etc MBAs paid for by non-american companies. You are either at the wrong company, don't have the right experience for Harvard, or your company don't think you're worth it.

If you really have a trust fund that is only enough for either a house deposit or MBA, it seems a bit daft to spend it all on an MBA tbh. Just my opinion.

I don't know. All I know is if I can get into Harvard, Wharton or Stanford I'm using my trust fund to buy one

I have decided it's either a house deposit or an Ivy MBA.

After 2-4 years I'm taking a career break to go to the USA to get one.

This is if I can get in......

LBS is one of the best MBAs in the world and it's in the UK...

And anyway there are plenty Harvard etc MBAs paid for by non-american companies. You are either at the wrong company, don't have the right experience for Harvard, or your company don't think you're worth it.

If you really have a trust fund that is only enough for either a house deposit or MBA, it seems a bit daft to spend it all on an MBA tbh. Just my opinion.

Funny, I have similar investments and I'm saving for a deposit on a house!

I have considered doing an MBA at a top university a little later in my career (presently a trainee Big 4 auditor and strongly considering a move into strategy consulting/IBD shortly after qualifying). But I still can't justify the ROI on many of these top MBAs. Not only do you need to fork out at least £40,000 - you're losing out on one to two years of income, valuable work experience and career progression.

Will the stuff you learn on an MBA be more useful than what you get from work?

Will it even get you the job you are looking for?

The opportunity cost is huge. For me the opportunity cost of one year doing an MBA is enormous - well over £100,000. And it doesn't guarantee me the job I am after.

If someone could tell me otherwise, happy to listen.

But I still can't justify the ROI on many of these top MBAs. Not only do you need to fork out at least £40,000 - you're losing out on one to two years of income, valuable work experience and career progression.

Will the stuff you learn on an MBA be more useful than what you get from work?

Will it even get you the job you are looking for?

The opportunity cost is huge. For me the opportunity cost of one year doing an MBA is enormous - well over £100,000. And it doesn't guarantee me the job I am after.

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