QUOTE(juniortok @ Jan 22 2015, 01:02 PM)
A DBA with MBS will cost you around RM400k. A DBA with other foreign university will cost you around RM200,000. A world class MBA will cost you around RMB300k.
I think this has oft been repeated and we should know from you by now that your DBA from Manchester is the most expensive in the world. Congratulations for making the choice of spending that money. I would not get started on MBA fees as that is another topic which was well covered in other threads.
QUOTE(juniortok @ Jan 22 2015, 01:02 PM)
If you are 30 years old, its either you just completed a MBA or you dont have an MBA. So it doesnt make sense for one to do a DBA at this age. If you are 30 with an MBA, you should try your very best to build your career, which is the reason or objective to get a MBA. The purpose of doing a MBA is to make money. I know it sounds terrible. But if an MBA does not make you a lot more money or open new doors for you, then the MBA is wasted (which is why you see that a lot of good schools compare their students pay before and after the course).
Maybe it is me, but I tend to get confused when you keep writing about MBAs when the topic of discussion is on DBA/PhD but let me indulge in this a bit.
There are quite a few assumptions in your assertions there.
Firstly, I do not understand on what basis you use the age of 30 as your age benchmark on one having obtained an MBA or not.
Secondly, whether or not one should build his career at 30 is a matter of individual choice. Do you have any source for saying that a 30yo's objective of getting an MBA should be to build his/her career? Also, did you do a study on motivations where you found that significant respondents sign up for MBA to "make money"? Why would an MBA be deemed wasted if it doesn't result in increments in salary? Have you considered opportunity costs too? I think the last I read, MBAs has ceased to be a passport for accelerated career growth and motivations for doing one has surely changed. Not sure if your study, if at all, has covered that ground or if its just your personal judgement.
QUOTE(juniortok @ Jan 22 2015, 01:02 PM)
Let me be a bit long winded. Assuming you work for big 4 accounting firms. After 4-5 years working, you realise that it is hard for you to switch into a good big firm (by that I mean, Google, JP Morgan, BCG go down all the way to Capitaland Singapore). You do a MBA with UCLA, that course is supposed to open doors for your investment banking (or consultancy) career or MNCs in Singapore or HK or Dubai or Sao Paolo. This is why you pay RM200-300k for a course. You want to make that money back. So, if you ask me, and I know it sounds harsh, one must not do a MBA with schools that rank outside of Top 50 in the world. Because it is a waste of money.
DBA is different. Assuming you are 30 years old. You tell your boss you want to go UK to study DBA (like me). He might sack you (he might not because Malaysian people are nice. But I might). If you go, who is going to do the work? At the age of 30, you are supposed to do handle a team/task, bring a deal back to the firm, build your network, fight and OT till 2 am etc. This has got nothing to do with whether one is overqualified or something like that. It simply means that you have not given your best in your career till you are so free that you can go do a DBA.
Just my view la...a lot more can be said on this.
Why are you presuming so much on what a boss may or may not do? Every industry is different and to assume that a 30yo should be "bringing deals back...OT till 2am" is just too presumptuous to be taken seriously. So, how did YOU tell your boss about your DBA without getting sacked or accused of being too free?
But I take note that you state that these are all entirely your views, and hence anecdotal and tainted with your personal worldview. But would be great if you can back these up with stronger evidence.
Cheers.
This post has been edited by Starbucki: Jan 22 2015, 05:05 PM