After obtaining a Bachelor in Management Information Systems, spending some time in investment banking and two more years in the role of leveraged buyouts, a candidate has chosen to attend one of the elite M7 schools for an MBA degree. With his experience in mind, you may be thinking, why get an MBA? Read this forum post review for some insight and join the conversation on what makes the MBA degree a valuable investment.
Useful for: MBA applicants
Read Time: 10 minutes
Question: What value does an MBA hold?
User Info: Vice President, Private Equity – LBOs
- An MBA is not for everyone. You need to consider factors such as the development of your career path, adversity to risk, financial situation and geographic location.
- Although the cost of an MBA may be high, it can be viewed as an enriching experience which will progress your career.
- You must value the learning aspect of an MBA degree, and be proactive in order to reap its benefits which include understanding complex business structures and communicating ideas effectively.
- Attending a top MBA will enable you to gain credibility.
- Networking through alumni will help you reach a wide range of industries, present opportunities, and enable you to receive assistance from trusted people when changing your job.
- Soft skills are crucial for a strong leader and are not only taught but practiced through daily interaction with senior executives on and off campus.
- Having an MBA degree can be viewed as risk mitigation in the event of facing redundancy despite an outstanding performance, in scenarios like company closures.
- An MBA gives you a wide exposure to different companies, allowing you to explore an alternative career path and develop skills useful for any branch of business.
All in Agreement:
- The decision to pursue an MBA is unique for each individual. It may be right for some, while not for others. In the end, the true measure of success is how you apply your knowledge and skills to add to the growth of a company and its team.
I disagree with the statement: “employers ‘always’ prefer already employed candidates far more than they do the unemployed. It would be no different here.” This situation is quite different. Students who attend full-time programs may be unemployed, but most of them left jobs on purpose to attend the program. The school’s admissions process serves as the screening tool to ensure that these people are high caliber. So essentially the school is offering up a qualified pool of people who need jobs, but don’t currently have them. That is very different from a job applicant who is unemployed because they were fired or quit without any alternative.
- One particular user disagreed with the theory that employers always prefer to hire candidates currently in work to those who are unemployed. What do you think? Feel free to comment below.
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Source: Wall Street Oasis