MBA- to do or not to do? Please suggest

by Kumarg Sat Nov 24, 2012 8:39 am

Is it too late to change your career at age 34? I don't have an
engineering or other such "professional degree". I seriously feel that I
am making very little money - much less than people my age- though I am
smart and deserve to earn much more for my age and intellect.

Am
thinking of changing my career completely. The shortest degree I can do
is an MBA. But before I quit my job I want to make sure that I am
making the right decision. I want to find out Whether it is worth the
investment , most importantly Whether I will be able to achieve the
end-result that I want by doing an MBA. I have many question:

- First do people with MBA earn more money after getting the degree?
- Does an MBA only from a great institute like IIM, XLRI, FMS count?
- Is MBA from US better than MBA from India (I want all job markets to be open to me).
- Which field should I do my MBA in- which is the most lucrative?
- Which is the least stressful?
- Which has the most career growth chances?
-
Which has the most jobs available?( I assume MBA-HR as an HR person is
needed in each and every organization so there will always be a job for
me)
- Lets say I do an MBA from a mid-level school such as Narsee
Monjee or Jamna Lal Bajaj (as opposed to IIM etc), then what is the
starting salary I can expect?
- In the above case, will I be
considered a "fresher" or will by last 10 years of experiece (in an
unrelated non-MBA type of filed) also count? I ask asthe main reason I
am changing my field is so that I can make more money. If even after
doing an MBA if I have to wait 3-4 years to make a decent salary then it
is no use.
- Lastly, can anyone do an MBA or do I need to test if I need a special aptitude?

TIA to all

by Jeremiah Mburuburu Sat Nov 24, 2012 10:53 am

Kumarg wrote:Is it too late to change your career at age 34? I don't have an
engineering or other such "professional degree". I seriously feel that I
am making very little money - much less than people my age- though I am
smart and deserve to earn much more for my age and intellect.

Am
thinking of changing my career completely. The shortest degree I can do
is an MBA. But before I quit my job I want to make sure that I am
making the right decision. I want to find out Whether it is worth the
investment , most importantly Whether I will be able to achieve the
end-result that I want by doing an MBA. I have many question:

- First do people with MBA earn more money after getting the degree?
- Does an MBA only from a great institute like IIM, XLRI, FMS count?
- Is MBA from US better than MBA from India (I want all job markets to be open to me).
- Which field should I do my MBA in- which is the most lucrative?
- Which is the least stressful?
- Which has the most career growth chances?
-
Which has the most jobs available?( I assume MBA-HR as an HR person is
needed in each and every organization so there will always be a job for
me)
- Lets say I do an MBA from a mid-level school such as Narsee
Monjee or Jamna Lal Bajaj (as opposed to IIM etc), then what is the
starting salary I can expect?
- In the above case, will I be
considered a "fresher" or will by last 10 years of experiece (in an
unrelated non-MBA type of filed) also count? I ask asthe main reason I
am changing my field is so that I can make more money. If even after
doing an MBA if I have to wait 3-4 years to make a decent salary then it
is no use.
- Lastly, can anyone do an MBA or do I need to test if I need a special aptitude?

TIA to all

you should be seeking the advice of managers who work in india, some who've had as much career experience as you have, and others who've had more. in your case, it's best to speak to managers who are not engineers. i don't live or work in india, so i can't advice you well, but i believe or suspect that:

1. it's not too late to do an mba or change your career;

2. the largest number of jobs suitable for an mba are likely to be in marketing, and by that, i don't mean sales;

3. even if the increase in salary soon after completing your mba is not steep, given that you don't currently have special or professional qualifications, you'll be better off, in the long run, getting an mba now. at 34, you do have a long career ahead of you;

4. i would attend the best mba program that offers me admission, which i can afford. in the u.s., starting salaries for an mba do depend on the university/program you attended;

5. you should subject your possible decisions (get an mba/don't get an mba plus their variants) and their career-long consequences to discounted cash flow analysis;

i do not hold an mba, and never felt the need for one.

please ask charvak the admin for advice. you'll be doing all of us a favour because that may keep TMB* engaged, and prevent him from quarreling or arguing incessantly with other posters here and boring everyone to death.

* TMB = The Main Bore.

by Kumarg Sat Nov 24, 2012 1:17 pm

Thanks for the advice. Since you mentioned MBA in US....what is the difference? If I do an MBA in India, can I not use the knowledge gained here for jobs abroad? tia

by Kumarg Sat Nov 24, 2012 2:11 pm

....the websites in India suck! Its hard to find a credible website like US news ranking that gives you rankingof top (or all) biz schools in India or no website like gradschools.com that guves info on how to apply etc. frustrating. Moreover, after studying abroad can one adjust to the Indian school system??

by MaxEntropy_Man Sat Nov 24, 2012 2:25 pm

i don't know much about MBAs from india, but here is my personal and therefore limited observation about people doing MBAs in the US.

those doing MBAs from smaller and lesser known schools are those seeking career advancement in a management track within organizations where they are already employed. often they pursue the MBA during after work hours, taking evening or weekend classes. these are people who already have masters or ph.d. degrees in a professional field like engineering or health sciences.

those seeking a complete career change like you -- say from engineering into finance, or lab research in the pharma industry to a marketing job, ditch their jobs, take a break from working for a year or two and strive to get into really big name B-schools -- yale, harvard, uchicago, stanford etc.

by Petrichor Sat Nov 24, 2012 3:05 pm

Let us say you are a young vegetarian boy that has been thrown into a calamitous situation - like a swelling sea and a lifeboat and for added complication - a bengal tiger for company that is getting hungrier by the day. Your supplies have run out and you are not even able to sleep peacefully since the tiger is constantly waiting for an opportunity to pounce and devour you.

You feel all alone and at sea...there are sharks and then there is the weather. What do you do?

You learn - you are careful to the utmost degree and you are thankful your parents taught you to swim. You adapt...you learn to fish and eat the fish while also feeding the tiger. You keep the tiger at bay and you start training the beast. As time passes, you establish territories, boundaries and general rules of engagement.

When you are thirty-four and you face a dead-end, and have very specific questions about MBA and practical matters like how much you would earn and specific questions about which school you should go to, you might, just might, find your own situation reflected in a story like the above. It would be instructive to ask yourself, is this the question I want to ask, or do I have other issues? Is there really a tiger or is it just a digital animation? Who is the tiger anyways and why do I have such a hard time living with it?

Degrees are essentially obtained to prove to others that you know something. My 2-cent suggestion to you - Learn something first. The rest will follow.

If none of that made sense to you, please feel free to ignore and enjoy the rest of your life.

by Kumarg Sat Nov 24, 2012 4:45 pm

Thanks, looks like someone just watched life of pi Smile

I dont think that degrees are always obtained to prove anything to others, well at least not at this age :-/. Im just frustrated with my professional life now need to find a job where I am paid my due. I will NEVER give my children the option of 'not' getting a professional degree.

MaxEntropyMan- Even if I get great GMAT scores, what are my chances of getting into the top schools named, given that I have no 'relevant' work experience? In fact what are the chances of getting into any good school - from what I know all competitive candidates have prior relevant corporate experience - I have none.

by Guest Sun Nov 25, 2012 1:10 am

atcg wrote:Let us say you are a young vegetarian boy that has been thrown into a calamitous situation - like a swelling sea and a lifeboat and for added complication - a bengal tiger for company that is getting hungrier by the day. Your supplies have run out and you are not even able to sleep peacefully since the tiger is constantly waiting for an opportunity to pounce and devour you.

You feel all alone and at sea...there are sharks and then there is the weather. What do you do?

You learn - you are careful to the utmost degree and you are thankful your parents taught you to swim. You adapt...you learn to fish and eat the fish while also feeding the tiger. You keep the tiger at bay and you start training the beast. As time passes, you establish territories, boundaries and general rules of engagement.

When you are thirty-four and you face a dead-end, and have very specific questions about MBA and practical matters like how much you would earn and specific questions about which school you should go to, you might, just might, find your own situation reflected in a story like the above. It would be instructive to ask yourself, is this the question I want to ask, or do I have other issues? Is there really a tiger or is it just a digital animation? Who is the tiger anyways and why do I have such a hard time living with it?

Degrees are essentially obtained to prove to others that you know something. My 2-cent suggestion to you - Learn something first. The rest will follow.

If none of that made sense to you, please feel free to ignore and enjoy the rest of your life.

atcg, srsly, you are retarded man. kuch lete kyun nahin. rofl

the emperor has no clothes!

by Rekz Sun Nov 25, 2012 2:13 am

ohhhhhh this thread is about ur kids...i thought @ teenagers..u were discussing about me Razz

...pls cont ur discussion

by Rekz Sun Nov 25, 2012 2:17 am

wrong post...above comment was meant for "teenagers today" thread

by Kris Sun Nov 25, 2012 5:26 am

Kumarg wrote:Is it too late to change your career at age 34? I don't have an
engineering or other such "professional degree". I seriously feel that I
am making very little money - much less than people my age- though I am
smart and deserve to earn much more for my age and intellect.

Am
thinking of changing my career completely. The shortest degree I can do
is an MBA. But before I quit my job I want to make sure that I am
making the right decision. I want to find out Whether it is worth the
investment , most importantly Whether I will be able to achieve the
end-result that I want by doing an MBA. I have many question:

- First do people with MBA earn more money after getting the degree?
- Does an MBA only from a great institute like IIM, XLRI, FMS count?
- Is MBA from US better than MBA from India (I want all job markets to be open to me).
- Which field should I do my MBA in- which is the most lucrative?
- Which is the least stressful?
- Which has the most career growth chances?
-
Which has the most jobs available?( I assume MBA-HR as an HR person is
needed in each and every organization so there will always be a job for
me)
- Lets say I do an MBA from a mid-level school such as Narsee
Monjee or Jamna Lal Bajaj (as opposed to IIM etc), then what is the
starting salary I can expect?
- In the above case, will I be
considered a "fresher" or will by last 10 years of experiece (in an
unrelated non-MBA type of filed) also count? I ask asthe main reason I
am changing my field is so that I can make more money. If even after
doing an MBA if I have to wait 3-4 years to make a decent salary then it
is no use.
- Lastly, can anyone do an MBA or do I need to test if I need a special aptitude?

TIA to all

>>>>My suggestion would be to take stock of your background: your education, employment and any special skills. Secondly, make a list of what you would like to do in the future. Do some serious research on business schools to see what would be a good fit. Their own websites + google would be great sources of info. at least for US based schools. See if any of that tickles your fancy. I am not very familiar with Indian Schools and therefore am not able to comment on them. Good luck.

by Idéfix Wed Nov 28, 2012 12:05 pm

That's a lot of questions. Here is my take.

An MBA usually helps you make more money in the long run. In some rare cases, that may mean a pay cut in the short run (e.g. for petroleum engineers), but even in those cases, in the long run people with MBAs should on average make more than those without. The real question is not "does an MBA help you make more money?" The real question you ought to ask is, "does an MBA help you make enough extra money to justify the cost of getting an MBA, including opportunity cost?"

IMO, an MBA from anything but the well-known schools is not a good idea. That is because the cost of those programs tends to be 60-80% of the cost of a top-notch program, but the benefits tend to be less than half of what you get from a top-notch program. I know a few people who did part-time MBAs from no-name US schools, and did not get any appreciable career benefit from it.

If you want to work in the US, there is benefit from doing your MBA here -- particularly the quota-exempt H-1B visa you become eligible for. If you go to a top program in India, the US job market will be fairly open to you, as long as you have other work authorization.

I encourage MBA candidates to get a broad business education, rather than MBA-Finance, MBA-HR or MBA-Marketing. Doing well in the world of business honestly does not require that much academic specialization (unlike say the hard sciences).

If you are going to make a complete career switch, be prepared to be considered a "fresher" in your first post-MBA job. Most people instead opt to go back either to their pre-MBA industry or pre-MBA job function, so they can leverage their prior experience. If you make a complete career switch after say 10 years as an engineer, yes, you may have to take a pay cut.

by Kumarg Wed Nov 28, 2012 3:01 pm

That you for your informative reply. I am disheartened to learn that there isn't an easy way to make money. An MBA from am IIM would cost (approx 10 Lacs?). From HBS or Kellog would cost 90K USD. And even after that if I am considered a fresher (since I plan to change my field), then it hardly seems worth it. How will I repay my loans, let alone start making and saving more money than I am doing right now. I am not sure for how long in my first job will I be considered a "fresher" and get paid like one. For example someone was telling me that after doing an MBA HR from Narsee Monjee one can expect to get paid only 30-40K a month. NM is not an IIM but one of the good colleges out there. I wonder what starting salaries are for different fields once you graduate from top schools.

by Idéfix Wed Nov 28, 2012 3:14 pm

HR doesn't pay very much. Every company needs an HR person, but no company needs a super-smart HR person. Leading companies don't beat their competition based on the strength of their HR personnel. You should NOT be getting a top-tier MBA if you want to become an HR person -- it's a waste of money and most of what you learn in b-school can't be applied at an HR job.

When you graduate with an MBA, the jobs that pay highest are investment banking, private equity, and management consulting. In the US, those typically pay around $150k in the first year, with a lot of variability based on individual and company performance. I am not familiar with salary levels in India.

You should NOT be getting an MBA if you want to be an HR person. Not one of my MBA classmates ended up becoming the HR guy / gal. You also should NOT be getting an MBA if what you seek is "an easy way to make money." Getting an MBA is a long-term investment in your career that typically lasts around 30 years after you complete your MBA.

If you want an easy way to make money, you should become a religious teacher.

by Hellsangel Wed Nov 28, 2012 3:19 pm

panini press wrote:

If you want an easy way to make money, you should become a religious teacher.

True dat!

by Kumarg Wed Nov 28, 2012 3:32 pm

Thanks. I don't want to get into HR, I think it is very boring and you rightly said that one does not need to get an MBA to be a good HR person - I just happened to give that example as a friend of mine who went to NM just gave me that information few minutes back. If I do an MBA, I would like to do in Marketing as I feel that suits my personality more. Investment banking and private equity may pay more, but I don't think I am good with 'finance' or crunching numbers all day long so MBA finance is not something I will be good at. Another benefit of going MBA-marketing is that I need to necessarily change my entire field, I can easily go back to my pre-MBA job industry (not the same function, but at least the same industry) and hopefully not be considered and paid like a fresher. And every industry needs Marketing people so I believe I will have wide options open for me even if I decided to change fields.

by Idéfix Wed Nov 28, 2012 3:42 pm

Kumarg wrote:Thanks. I don't want to get into HR, I think it is very boring and you rightly said that one does not need to get an MBA to be a good HR person - I just happened to give that example as a friend of mine who went to NM just gave me that information few minutes back. If I do an MBA, I would like to do in Marketing as I feel that suits my personality more. Investment banking and private equity may pay more, but I don't think I am good with 'finance' or crunching numbers all day long so MBA finance is not something I will be good at. Another benefit of going MBA-marketing is that I need to necessarily change my entire field, I can easily go back to my pre-MBA job industry (not the same function, but at least the same industry) and hopefully not be considered and paid like a fresher. And every industry needs Marketing people so I believe I will have wide options open for me even if I decided to change fields.

In some industries, switching from engineering to marketing does not necessarily mean more money. Just check salary trends in your industry to make sure there's a business case for the MBA. Also, I know some people who have made the switch from engineering to management/marketing without doing an MBA. Smaller, startup-like companies are more amenable to such switches. Those tend to be a lot more effective than MBA programs at taking one's career in a different direction.

by Propagandhi711 Wed Nov 28, 2012 3:45 pm

Jeremiah Mburuburu wrote:
i do not hold an mba, and never felt the need for one.

one does not need an MBA to sit at home after a long and unfruitful stint as an underemployed 'consultant'.

by MaxEntropy_Man Wed Nov 28, 2012 4:23 pm

panini press wrote:

If you want an easy way to make money, you should become a religious teacher.

this works even better if you can mix eastern spirituality into some fancy quantum jargon and peddle it along with some scented oils.

even simpler option - become a plumber.

by southindian Wed Nov 28, 2012 4:30 pm

i do not hold an mba, and never felt the need for one.

Octogenarian grammarian don't need an MBA. Do they?

by MaxEntropy_Man Wed Nov 28, 2012 7:10 pm

Kumarg wrote:For example someone was telling me that after doing an MBA HR from Narsee Monjee one can expect to get paid only 30-40K a month.

what on earth is an MBA HR? are you saying business schools in india offer MBAs with specialization in HR? never heard of such a thing in the US.

by MaxEntropy_Man Wed Nov 28, 2012 7:11 pm

turns out i was wrong. there's a whole slew of them, all schools i've never heard of:

http://www.gradschools.com/search-programs/mba-human-resources

by Idéfix Wed Nov 28, 2012 7:15 pm

MaxEntropy_Man wrote:
Kumarg wrote:For example someone was telling me that after doing an MBA HR from Narsee Monjee one can expect to get paid only 30-40K a month.

what on earth is an MBA HR? are you saying business schools in india offer MBAs with specialization in HR? never heard of such a thing in the US.

Yeah, this one surprised me too. But then I remembered that most HR people I came across in Indian tech companies have MBAs. I have no idea why.

by MaxEntropy_Man Wed Nov 28, 2012 7:28 pm

panini press wrote:
MaxEntropy_Man wrote:
Kumarg wrote:For example someone was telling me that after doing an MBA HR from Narsee Monjee one can expect to get paid only 30-40K a month.

what on earth is an MBA HR? are you saying business schools in india offer MBAs with specialization in HR? never heard of such a thing in the US.
Yeah, this one surprised me too. But then I remembered that most HR people I came across in Indian tech companies have MBAs. I have no idea why.

i have never met a person with an MBA-HR. i know only two varieties of MBA folks. the first -- my IIT classmates who came here and pursued ph.d's in hardcore engineering disciplines and started working in the tech sector in meat and potatoes tech jobs, and after doing that for a few years, just quit cold turkey, took a break of a couple of years and got finance MBAs from ivy league type schools. after that they've gone on to wall street jobs or have gone back to the industry they were in before, but in positions where they were directing capital allocation for tech R&D.

the second are shmucks like me, slogging away in tech R&D in a corporate environment, who while continuing their slow and steady climb up the tech ladder picked up an MBA from the local state school in the hope that they could switch to engineering management positions within the same team when the boss finally decides to quit. typically the company picked up the tab for this and these guys took their own time, taking one course at a time and finishing in a four or five year time frame.

by Hellsangel Wed Nov 28, 2012 7:49 pm

MaxEntropy_Man wrote:
the second are shmucks like me,

Who have tenure.

by Idéfix Wed Nov 28, 2012 7:50 pm

I have dealt with a dozens of senior HR folks, including chief HR execs at large publicly traded firms. Many of them don't have MBAs; those that do are people that fall in your second bucket -- started an HR career and got a part-time MBA along the way to get promoted.

by Kumarg Thu Nov 29, 2012 2:07 am

Thank you all. (Well as far as MBA-HR is concerned, some of my friends have done MBA or MS in HR from the US as well, so MaxEnropy Man an HR-MBA is offered in the US as well. And good places like XLRI, JLB and NM in India also offer HR-MBA so its not just small places that offer HR.

But anyway, I am not interested in the HR field at all). Panini Press another option for me to get a jump in my career could be getting a higher degree like PhD- (pros-its free of cost if done form the US, cons -but that takes 5-6 years and I don't think at this age I have that much time). Hence after weighing pros and cons I have realized my best bet would be short degree like MBA that can be done in 1-2 years. If I don't get any type of advanced degree then my chances of getting a jump in my career seem dismal.

by Marathadi-Saamiyaar Thu Nov 29, 2012 2:23 am

MaxEntropy_Man wrote:turns out i was wrong. there's a whole slew of them, all schools i've never heard of:

http://www.gradschools.com/search-programs/mba-human-resources

MBA in Finance or 'Organization Management' was very common among Indians who wanted to do EmBeeA.Their thinking was to start their own "head hunting companies" (remember ABC consultant ads in Hindu?), and now "Body Shops". Remember these people wanted to work in A/C offices (not common in THOSE days). Also, those who had BCom went for EmBeeA in finance and other degree holders went for 'Organization mgmt"

Anyway, other than the top 10 or 15 schools in India, all other EmBeeAs are waste. As for US schools, other than the top 50 schools, the rest are waste.

by Kumarg Thu Nov 29, 2012 2:43 am

hey thanks do you know what is the 'US News Raking.com' and 'Gradschools.com'
equivalent for Indian schools....I can find no such good reliable Indian website. TIA

by Marathadi-Saamiyaar Thu Nov 29, 2012 2:52 am

Kumarg wrote:hey thanks do you know what is the 'US News Raking.com' and 'Gradschools.com'
equivalent for Indian schools....I can find no such good reliable Indian website. TIA

A good MBA student is expected to show initiative, determination, and action in seeking answers instead of waiting for someone to hand them on a platter.

It is all fine and dandy to have dreams of big schools and making big (easy) money. What is your qualification and work experience? remember the top schools are very picky about their admissions.

So what are your stats?

by Propagandhi711 Thu Nov 29, 2012 11:44 am

Marathadi-Saamiyaar wrote:
Kumarg wrote:hey thanks do you know what is the 'US News Raking.com' and 'Gradschools.com'
equivalent for Indian schools....I can find no such good reliable Indian website. TIA

A good MBA student is expected to show initiative, determination, and action in seeking answers instead of waiting for someone to hand them on a platter.

It is all fine and dandy to have dreams of big schools and making big (easy) money. What is your qualification and work experience? remember the top schools are very picky about their admissions.

So what are your stats?

hey atleast he's asking here. that shows initiative, determination and action in seeking answers. Be Nice Please.

by Merlot Daruwala Thu Nov 29, 2012 11:49 am

Propagandhi711 wrote:hey atleast he's asking here. that shows initiative, determination and action in seeking answers. Be Nice Please.

Haha. Why didn't I think of it? The persistent trolling was a dead giveaway.

by Propagandhi711 Thu Nov 29, 2012 11:51 am

Merlot Daruwala wrote:
Propagandhi711 wrote:hey atleast he's asking here. that shows initiative, determination and action in seeking answers. Be Nice Please.

Haha. Why didn't I think of it? The persistent trolling was a dead giveaway.

am not so sure, but the haranguing, the craven obsession with moolah, the obsessiveness...on the internets anything is possible. guess we'll know if the admin starts getting love notes

by Idéfix Thu Nov 29, 2012 11:56 am

LOL!

by pravalika nanda Fri Nov 30, 2012 10:59 am

Out of curiosity, which is tougher, finishing up a residency in some medical field or getting an MBA?

I never quite understood the need for getting an MBA, i mean if you want to sell some product or service to make money, you probably don't need a MBA. But everyone talks about getting an MBA like it's a very prestigious thing.

by Idéfix Fri Nov 30, 2012 11:04 am

Getting an MBA is not at all difficult. Given the proliferation of business schools and the large number of people in the business world with an MBA degree, it doesn't really carry that much prestige any more. On the flip side of that, MBA has in some areas become a "basic qualification" that you need to meet, like a college degree used to be 10 years ago.

by pravalika nanda Fri Nov 30, 2012 11:29 am

panini press wrote:Getting an MBA is not at all difficult. Given the proliferation of business schools and the large number of people in the business world with an MBA degree, it doesn't really carry that much prestige any more. On the flip side of that, MBA has in some areas become a "basic qualification" that you need to meet, like a college degree used to be 10 years ago.

** i could be wrong but i feel like business schools are more or less cash cows. i think people go there and a lot of money is sucked up in the process. for instance in residency, there really are big overhead costs. for example, the task may be to do a colectomy. that comes with a high risk for both the patient and the hospital b/c the resident is still fresh. and the O.R. staff, instruments, anesthetic, blah blah blah are really expensive. i'm not sure of the numbers but while training residents get just a small stipend cuz their malpractice insurance each year is smtg like 120K.

**but when someone tries to get an mba they pay about 60/+ a year. for what, class room lectures??? the occasional appearance by some well-known name? that's absurd. people should refuse to do mbas.

by Propagandhi711 Fri Nov 30, 2012 12:20 pm

pravalika nanda wrote:
panini press wrote:Getting an MBA is not at all difficult. Given the proliferation of business schools and the large number of people in the business world with an MBA degree, it doesn't really carry that much prestige any more. On the flip side of that, MBA has in some areas become a "basic qualification" that you need to meet, like a college degree used to be 10 years ago.

** i could be wrong but i feel like business schools are more or less cash cows. i think people go there and a lot of money is sucked up in the process. for instance in residency, there really are big overhead costs. for example, the task may be to do a colectomy. that comes with a high risk for both the patient and the hospital b/c the resident is still fresh. and the O.R. staff, instruments, anesthetic, blah blah blah are really expensive. i'm not sure of the numbers but while training residents get just a small stipend cuz their malpractice insurance each year is smtg like 120K.

**but when someone tries to get an mba they pay about 60/+ a year. for what, class room lectures??? the occasional appearance by some well-known name? that's absurd. people should refuse to do mbas.

.

nizam had the answer 100 yrs ago.

by Nila Fri Nov 30, 2012 2:14 pm

First do people with MBA earn more money after getting the degree?

People with skills earn money with or without an MBA. If you are working and there are potential growth opportunities; you can consider doing MBA. It applies for career change also.

- Does an MBA only from a great institute like IIM, XLRI, FMS count?

Yes. Think like a business POV - Business would certainly consider someone with proven skills. Good schools can teach practical goals and lessons which can make you more confident in getting a solid position instead settling for less.

- Is MBA from US better than MBA from India (I want all job markets to be open to me).

Cetainly US MBA is better.

- Which field should I do my MBA in- which is the most lucrative?

Financial major or IT major.

- Which is the least stressful?

-If you are NOT prepared for the stress then MBA is not for you. MBA is lot stressful at work with challenging goals to meet - do you think they pay for for your degree? I've witnessed people after completing reputed MBA become workholic and age faster than they actually should.

- Which has the most career growth chances?

- If I were you I would keep my current job and ....(well, not telling coz I don't want to :p)

by Idéfix Fri Nov 30, 2012 2:19 pm

pravalika nanda wrote:
panini press wrote:Getting an MBA is not at all difficult. Given the proliferation of business schools and the large number of people in the business world with an MBA degree, it doesn't really carry that much prestige any more. On the flip side of that, MBA has in some areas become a "basic qualification" that you need to meet, like a college degree used to be 10 years ago.

** i could be wrong but i feel like business schools are more or less cash cows. i think people go there and a lot of money is sucked up in the process. for instance in residency, there really are big overhead costs. for example, the task may be to do a colectomy. that comes with a high risk for both the patient and the hospital b/c the resident is still fresh. and the O.R. staff, instruments, anesthetic, blah blah blah are really expensive. i'm not sure of the numbers but while training residents get just a small stipend cuz their malpractice insurance each year is smtg like 120K.

**but when someone tries to get an mba they pay about 60/+ a year. for what, class room lectures??? the occasional appearance by some well-known name? that's absurd. people should refuse to do mbas.

Well, business schools price their "product" based on what the market will bear. They are not pricing their programs just to recoup their costs. And students are willing to pay this level of fees based on the value they expect to get from the programs in terms of improved career opportunities and higher salaries. So, yes, MBA programs are usually cash cows for universities. This is particularly so for part-time and exec programs where employers typically pay the fees.

by MaxEntropy_Man Fri Nov 30, 2012 9:19 pm

panini press wrote: So, yes, MBA programs are usually cash cows for universities.

true that. they bring in a lot of tuition income and so they get a lot of goodies from the university management. they are the 1%ers of university life. compared to them colleges of engineering and arts and sciences suck hind tit.

by Marathadi-Saamiyaar Sat Dec 01, 2012 1:41 am

MaxEntropy_Man wrote:
panini press wrote: So, yes, MBA programs are usually cash cows for universities.

true that. they bring in a lot of tuition income and so they get a lot of goodies from the university management. they are the 1%ers of university life. compared to them colleges of engineering and arts and sciences suck hind tit.

I double true that...The MBAs are cows alright.

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