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 Dreamer's View on Personal Finance, Thread to post my view and for questions

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arthurlwf
post Oct 15 2007, 04:08 PM

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Long time ago, parent keep telling the child to get an education. Part of the norm practice, the parents encourage the child to study until Degree level.
After working for years, I had heard that people with Master holder are getting slightly higher by few hundreds compare to Degree holder.
Would you recommend a person to study until Master education that would waste a minimum of 10k up to 100k depending on the type of master?

If your answer is Yes to study until Master education, then is it recommended to get a good and recognizable MBA? and Why.
Example of good and recognizable MBA are Manchester Uni, Victoria Uni, Norttingham Uni and etc.
Example of other Uni are local Uni.

Thanks

This post has been edited by arthurlwf: Oct 15 2007, 04:08 PM
arthurlwf
post Oct 15 2007, 05:24 PM

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QUOTE(cherroy @ Oct 15 2007, 04:16 PM)
err, if money is not a problem in the first place, then study or education is something that money can't buy nor can be evaluate by return rate.

Master degree or any graduate doesn't mean anything. A hawker or businessman that only finish secondary school can earn more than a Phd holder x times more, then should we tell our children don't need to study so much? No.

In working life, it is the capability and skill that matter most, not degree alone.
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If money is a problem, then does that mean its best not to study further? because there is no value in terms of return rate. Thus, poverty people ought not to further education. mad.gif

I agree with your point that capability and skill is what matter most in working life. However does this applicable in interview session? I doubt so...

arthurlwf
post Oct 15 2007, 08:54 PM

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QUOTE(dreamer101 @ Oct 15 2007, 08:42 PM)
jianee89,

1) What degree that you are studying in??

2) What area do you want to work in?

Not necessary.  You can do it locally.  In IT area, there are certificate like CCNA, MCSE, Oracle DBA certification.  In accounting, there are ACCA, CPA and so on.

<<The only way for me is , save up the money for overseas study for my Masters in International Business at University of Nottingham Malaysia.>>

3) Is that what you want to do?

<<I'm taking external Law degree which is LLB Uni. of London.>>

4) Is that recognizable outside of Malaysia?? Which country can you work with that degree?
cherroy,

<<err, if money is not a problem in the first place, then study or education is something that money can't buy nor can be evaluate by return rate.>>

No, I disagree.

In USA, the difference between a state university and private university for 4 years is at least USD $100K.  And, in most cases, you do not make enough money in your life to earn the difference.  You need to check the ROI.

Dreamer
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Is there a way to check the ROI? sweat.gif
arthurlwf
post Oct 15 2007, 10:09 PM

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QUOTE(dreamer101 @ Oct 15 2007, 09:11 PM)
arthurlwf,

There is a simple way.  If the graduate from University A and B earn the same amount of money in salary, why pay SIGNIFICANT more for the undergraduate degree?

Dreamer
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Looks like there is no real good reason to get a good and reputable MBA after all...

 

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