Interesting article about getting your MBA …

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  • #392148
    Anonymous
    Inactive

    Ouch, way to hit us where it hurts. I hope this trend goes away over the next couple of years.

    #392149
    2012passtheCPA
    Participant

    Yeah, thankfully I realized this early on in obtaining my MBA. Started out in a program that was brand new at a small school. You can see the writing on the wall very quickly about your job prospects. I doubt very many people are willing to pay top dollar for a 24-27 year old leading people 35 years old and up. Not saying it doesn't happen, but usually these people come from the top 5% of their classes from top 5 MBA programs.

    It's a shame that all the business leaders in an area are gung-ho about a new program and then their hiring numbers slip due to circumstances beyond their control.

    Thanks for sharing Jeff!

    #392150
    Anonymous
    Inactive

    “We're always going to look at the work experience first and how has that been enhanced through any advanced degree.”

    AND

    “Indeed, some of the same companies … stress that experience, not the degree alone, opens the door to jobs”

    Sums up the article pretty much. A graduate degree with no experience is pointless. No company is going to hire someone with zero experience off the street at some lavish salary just because he spent 1-2 years extra in school. The grad degree compliments work experience, not substitutes it. Unfortunately, too many people are going to grad school because they can't find a job. When the truth of the matter is, if you can't find a job as an undergrad you probably won't make out any better with a grad degree. I still believe the grad degree is still useful in the long term, later in your career. For example, come management promotion time but it's not going to get your foot in the door. You have to do that by yourself.

    #392151
    Anonymous
    Inactive

    CPA > MBA

    #392152
    Keely
    Member

    I am trying to decide between an MHA and MBA, and my dad handed me this article as soon as he got home from work, with a note that said, “This should help you decide.”

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    #392153
    Whatdidyou
    Member

    I don't know. I have a Master of Accounting degree. Thought it was a great experience and helped me get the credits to sit for the CPA.

    For the people on this site, I think a similar case can be made for an MBA or any Masters degree really.

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    #392154
    herbert7890
    Participant

    There one little detail missing. That article is oriented for general MBA Holders. The CPA/MBA combo is a letal one in the business environment and will really help on your career progress. For me, an MBA degree (finance or accounting) without CPA or CMA, is basically worthless. But once you have both, the sky is the limit.

    FAR 88 - BEC 86 - AUD 90 - REG 85

    #392155
    jeff
    Keymaster
    #392156
    Anonymous
    Inactive

    I can honestly say I wouldn't have went after my MBA if I didn't need the credits for my CPA. I figured I had to spend the time in school anyway and I should make it worth something more than learning how to basket weave. Thats a great point you made there @herbert.

    #392157
    magatha12
    Member

    I am graduating with my MBA in May and hope to start the CPA soon after, but although I have only 2 years of work experience under my belt, getting an MBA is something they can never take away from you. MBA > not having an MBA.

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    #392158
    Anonymous
    Inactive

    That article is a little disturbing. Recent graduates have it tough.

    I had a trade-off there as I put my secondary education on hold when I got out of college and got into a large corporation. The good news is that I was able to get experience and my company paid for both of my Master's degrees.

    The bad news was that I was older when I finally got them and my procrastination carried over in that I'm 10 years into my career and just going for the CPA license now. :/


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    #392159
    Noct
    Participant

    I have a friend who wasn't happy with the career a bachelors in business management had provided him, so he was considering an MBA. I suggested he pursue a masters in accounting which would offer more-or-less the same value as an MBA with the added advantage of being able to sit for the CPA exam. Well, two years later and he has his masters. He isn't planning on sitting for the exam, but his masters allowed him to leverage into an officer position at a large bank. Apparently the article is correct because he was hired ahead of litterally thousands of MBAs.

    I guess the take from this is that it pays to specialize when it comes to education. An accountant can serve in most any position an MBA can, but an MBA cannot perform all acccounting functions.

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    #392160

    FWIW I've always heard “No Top 10 MBA, No Care”

    #392161
    mla1169
    Participant

    I was finishing my masters in accounting when it even occured to me to sit for the CPA. I was so tired of people asking “are you going to be a CPA when you graduate” (as if it gets handed to you with your degree!) that I just decided to do it. Finished the CPA exams on 10/19/11 and finished my masters on 12/23/11.

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    #392162
    nbad311
    Member

    I know a guy at work who just got his MBA from DeVry (aka Phoenix / Westwood / other online-for profit school) .

    My fiancé and I had a huge discussion about the validity of these schools when I brought this up one night in conversation. I was wondering how it matched up on a resume compared to an MBA from a, well… normal unversity.

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