One more thing I believe that is a key part of an MBA programme is the people that you get to meet.

Of course, budget is the first thing you need to consult when choosing.

But if budget ain't a problem, you should notice that the more expensive it is, the more premier it is, and you get to meet more "premier" people, especially high ranking executives from large companies globally. The learning experience will be different and the ideas and views shared will be different altogether. An of course, not forgetting the networking potential too!

Consider this: INSEAD vs Segi. Or on a similar note... INSEAD vs Nottingham.
Biggggg gapp..

Just thought I'd share this idea of mine.

This post has been edited by entryman: Sep 16 2009, 10:17 AM

hmm.. true also but i am thinking why ppl getting their MBA and it is true that maybe after studying MBA, your salary wont increase unless you go for another company then.

oops wrong thread

This post has been edited by entryman: Sep 16 2009, 10:59 PM

people here talking about roi etc dont know what they talking about

MBA is useful once u hit 30's. top executives all minimum MBA la. how they get is beside the point. The point is MBA is required for a manager's position especially days like today when u throw a stone and hit a stranger by luck, most probably he has a degree.


But i agree, if u are fresh, u are wasting ur time. Best to get it after 4-5 years of work experience. Im getting mine now. i dont want to be tied out with studies when im married lol!

so its simple, if u want to do it, do it! dont think why or how..coz one day, when ur boss is comparing you to another for a promotion, guess who's gonna get it..the one with mba...but offcourse u must have a good name and good worker la. haha

Money spent on MBA vs money earned from salary after deducting expense.
Whats the ROI?
At the end, the one with the most cashflow and returns wins the race. Not with the qualification.


As mentioned, MBA is not the absolute determinant factor in choosing a manager.

The one with the best business and financial acumen.

and if their business acumen is that good, why aren't they entrepreneurs themselves?
Too much commitment, scared to take risks, don't know how or where to fund their business, and no idea which business to go too?
So whats the point in getting the MBA? Just to be a good WORKER?

This post has been edited by happy4ever: Sep 17 2009, 02:07 AM

As long as you're working/reporting under someone, be it VP of Country or GM of a worldwide group, you're still working for someone aka a worker. And even if you become CEO of a large multinational, you're still a worker coz you gotta report to all your shareholders/board of directors and kena screwed if bad results.

This post has been edited by entryman: Sep 17 2009, 08:00 AM

so the points is that being boss ourselves now? haha..

Haha, not necessarily.
Was just reinstating the fact that no matter how good you are you are still a worker till you start your own business (and not be extremely stressed up and tied up by your own work that your health & family suffers).

thefryingfox,

<<people here talking about roi etc dont know what they talking about>>

<<The point is MBA is required for a manager's position >>

<<Im getting mine now. >>

So, the BOTTOM LINE is very simple. You DO NOT KNOW what you are talking about either.

You have not get your MBA. You do not know whether it will help you to get a manager position. You ASSUME that it will help.

Now, after you get your MBA and you ACTUALLY get a manager position because of that, then, you can SAY you know what you are talking about.

Dreamer

a lot of people got this thought about MBA that its a fast track to mgmt. actually its not la. some ppl just finish their degree also do MBA d. depends on the MBA you enrol la. reputation and stuff.

some MBA got high working experience requirement then u get a lot of benefits when ppl share their experience in class etc because that's actually what mba is about. not so much theory oni but its great if u can learn from these experience.

if u do a research about mba, you'll find that during recession especially, a lot of ppl go enrol for mba. if im not mistaken, from an article i read, the rational is that if management of the company see ur doing something and improving, then your position will be more secure. and (maybe, hopefully) a track to mgmt. personally i think it's a myth la. if like that everyone go take mba.

You realize any Joes on the street will give you differing answers when you post a rather vague question. It all boils down to circumstances. People in this forum come from different walks of life and full of diversity. The answers are based on personal experience or encounters of their relatives or friends. Therefore, you should contemplate on the background of the posters before taking in their inputs

A general feedback will be MBA is NOT a necessity but rather an advantage. It is impossible to neither quantify nor justify the advantage it may derive. Essentially, NONE can provide you an assurance on what magic MBA can do. My experience and historical research have shown that MBA will be a GREAT added value (Caveat: Top Ivy Leagues ONLY). Again, speaking from my own research, MBA graduates from top ivy leagues have a fairly good ROI. Reason being, the BRANDING mentality is there and they persist. In totality, (put aside scholarships) some people are willing to take huge loans to enroll in Ivy leagues for the RECOGNITION. For knowledge? Yes on a limited capacity. In addition, the greatest achievement in a MBA program is the network you may establish. Indeed, the platform for networking will increase immensely if you enrolled at the right place and at the right time.

Without a shadow of doubt MBA helps, but it is not mandatory. On a case by case basis, we could derive different conclusions.

based on info that i know..passing rate for CFA is quite low..and there are few ppl who are CFA holders..so i believe having CFA would be very employable..need to work hard for it tho'

I would go for MBA...

so what you mean here is that having a MBA cert is like having a network out there with good associates right?

Has anyone had any experience in applying for loans for their MBA? I just got into one of the expensive programs out there, just wondering what options are available and people have tried.

Thanks

actually i beg to differ. the assumption you just made is i have not gotten my mba = yes, dont know whether it will help me to get a managers position = false....and i assume it will help = 50/50



Actually I'm not assuming. the fact that I have been given a position to fill in and a requirement for this is that i pursue my MBA.
Position is a management position with 6 months probation and i am only 27 years old

They insisted that I pursue my MBA. They could have sponsored the whole shebang and bonded me for 4 years but that is beside the point. Reason why I got the job? I informed them I'm pursuing my MBA and submitted all the proof and they indirectly wanted someone internal to be promoted and my portfolio was the only one with MBA and relevant experience and the fact my performance level to the org has been good.

I have been given an adjustment of 2500 bucks for this position. My MBA only cost me about 1k a month. So if you want to calculate ROI based on this, I'm actually getting my ROI in 12-13 month considering 100% of the increment is dedicated to the studies.

So practically, I'm not jumping to another company, getting better remuneration and additional 1000 once i finish my MBA completely ( part of the negotiation. Dont ask )



So based on my 'limited' experience, i for a fact know that MBA will help you greatly. that is if you are in an MNC or one of the top 20 firms.
If you are in a ah-keong company, then i dont think it will help

---

Added on September 22, 2009, 6:12 pmOh btw, about the degree straight to MBA, thta depends on which uni u head to. real top performers screen you thoroughly before u enter.
Job relevance, years of experience, maturity all come into play.

So basically if you want a good MBA cert, do it at a well recognize uni. That will help you in a great deal. And last but not least, dont enroll into somewhere that is only for 9 months and all you do is write thesis and no class activity is invovled.

This post has been edited by thefryingfox: Sep 22 2009, 06:12 PM

If u want to get a higher position, maybe u have to take MBA.

It gives you a boost in climbing the corporate ladder.

so what is your salary now? RM 2500/

hi, some questions here, hopefully u guys can enlighten me.

can self-employed working experience be considered as equivalent wor experience?
i've graduated from an engineering background degree, working as a production supervisor and would like to start my own non-engineering business. but afraid that it may not be considered as equivalent work experience, as stated in the colleges' website.

what does the EQUIVALENT work experience refer to?

thanks all.