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What will a MBA do? thoughts and opinions

 
#1 What will a MBA do? thoughts and opinions
01/12/2005 11:47

charles

HI all, I would really appreciate your experienced advice.

I am a strategy analyst working in the best full service consulting firm. Before I make consultant, i was considering doing an MBA at a top 5 school US or UK (Wharton, LBS, Stanford, Hrvrd etc). However the cost is really putting me off, i would have to take a massive loan and i am doubtful if its worth it. LBS (80k GBP just tuition). Is it worth it? thank you all in advance! Charles

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#2 Re: What will a MBA do? thoughts and opinions
01/12/2005 13:11

PAer

How are you enjoying PA Charles? Firs of all without being negative, are you sure you can def get into 5 schools. Also you must be clear about way you want to do an MBA?

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#3 Re: What will a MBA do? thoughts and opinions
01/12/2005 13:32

charles

Hi. Im sorry you misunderstood. Im not at PA. Im in the strategy division of a company that has close ties to Tiger Woods.

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#4 Re: What will a MBA do? thoughts and opinions
01/12/2005 18:01

You mean the Systems Integrator and outsourcing sweatshop that begins with the letter A ?

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#5 Re: What will a MBA do? thoughts and opinions
02/12/2005 09:48

Butcher

An attitude change/transplant is required if you are to make any business school if you consider there is a 'best' all round firm-or any firm in any service offering to be honest. Yes there are some that have the scale and reputation to possibly be regarded higher up a hypothetical league table than others but a Systems Integrator, and in my experience a 'Strategy Butcher' is certainly not a good attitude to marketing oneself/regarding oneself prior to establishing a suitable rationale for getting into a credible business school!

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#6 Re: What will a MBA do? thoughts and opinions
02/12/2005 10:08

Petrus

There are various reasons for embarking on an MBA.

If you're fresh out of the box and want to earn lots of money from the get-go, you get an MBA straight after University. You won't learn much about yourself or business (or at least not retain much!) but, having ticked all the right boxes, you'll have so much money at such an early age that you won't care.

If you already have a number of years commercial experience under your belt, are finding work unrewarding (intellectually) and have a real sense of your skills and USP, then an MBA is a great way to develop that subconscious whisper into a meaningful voice. The key to benefiting from an MBA, though, is not the choice of institution, but matching the tutor/mentor with your chosen thesis . The right mentor will lead you to making life changing decisions.

I have a number of friends and colleagues who have completed an MBA for both of the reasons given above; they have benefited accordingly and none regret the decision to do it.

Personally, I have thought about it for more than 10 years and have still not done it as there are other ways to develop personally and commercially; it's a steeper road to travel but, for me, the rewards are more valuable as I am not motivated by a big pay check alone.

Close the curtains, switch off the lights, close your eyes and take 30 minutes to think really hard about WHY you want an MBA; then do it or don't do it... but talk to people who have already completed an MBA and identify the right mentor NOT just a big name institution. It's always going to be big investment, financially and intellectually, and this is about YOU, not a TLA!

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