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MBA, is it for me at this stage ?

 
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worker

External


Since: Nov 19, 2005
Posts: 2



(Msg. 1) Posted: Sat Nov 19, 2005 12:50 pm
Post subject: MBA, is it for me at this stage ?
Archived from groups: soc>college>grad (more info?)

It will really take a lot to explain my situation exactly, but let me
take a stab at it. I am married with a kid with BS(EE) ,MS (EE), MS(CS)
working for a fortune 500 for last 8 years making over six figured
salary plus benefits in a cheap state. I have been doing technical
stuff mostly.

Frankly put, I don't think I like what I do here. It's too monotonous
and there is pretty much no challenge. As far as I could see I don't
see any growth for me. The handsome salary I am being paid is because I
was at right place right time doing right stuff with a loyalty towards
my employer for last 8 years. However, I realize that I am overpaid and
perhaps it's difficult to get an equivalent package outside in the same
area of software development.

I am a very good technical person with good mathematical skills and
know quite a bit about investement (stocks/mutual funds) despite the
lack of any formal training in it. Many times the thoughts of career
change come to my mind. I really want to be an investment banker or an
actuary or at the very least write financial software (which I
currently don't).

With this, MBA seems to be a good option. But, I don't think part
time/executive MBA is an option because these programs are designed to
help those who want to grow in their existing fields, not for those who
want to change career entirely. But doing full time MBA requires a lot
of money and ROI may not justify the move. I believe my current salary
(with benefits) far outweighs a freshers' salary in management.

I oscillate between these 2 thoughts every day. On one side I think
doing full time MBA brings a welcome break in what I do and who knows,
I might beat the ROI and would make a very decent manager and make good
money. On the other side, I feel terrified with the thought that this
may prove a very costly mistake and what I would get after MBA will be
a fresher's job and to even come to sam salary level as before would
take good 5-7 years and then I would perhaps get stuck again.

I also looked at some programs which give degree in Maths with
concentration in Finanace and thought I could do a dual degree while
pursuing MBA. Any help/suggestion is very welcome, because I have come
to know I cannot come to a conclusion on my own and perhaps wasting my
time in life without any meaningful action. May be 3-4 years down when
I become 38-40, I may not have the energy to do any education and my
career will be sealed with the company I am working for.

Experts or those who have gone through these situations please advise.

Regards,
worker

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Drew

External


Since: Nov 20, 2005
Posts: 1



(Msg. 2) Posted: Sun Nov 20, 2005 2:47 pm
Post subject: Re: MBA, is it for me at this stage ? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

I don't have any advice to offer but I am getting ready to finish my
Masters in CS in a couple of more weeks. Unfortunately, the company I
work for isn't planning on doing anything salary wise for my masters
or past contributions to the company. The company you are with now
sounds like a great company! Do they have any programming/CS type
jobs available? And 6 figures would definitely be fine!

Drew


On 19 Nov 2005 09:50:52 -0800, "worker" <udeshpa.DeleteThis@gmail.com> wrote:

>It will really take a lot to explain my situation exactly, but let me
>take a stab at it. I am married with a kid with BS(EE) ,MS (EE), MS(CS)
>working for a fortune 500 for last 8 years making over six figured
>salary plus benefits in a cheap state. I have been doing technical
>stuff mostly.
>
>Frankly put, I don't think I like what I do here. It's too monotonous
>and there is pretty much no challenge. As far as I could see I don't
>see any growth for me. The handsome salary I am being paid is because I
>was at right place right time doing right stuff with a loyalty towards
>my employer for last 8 years. However, I realize that I am overpaid and
>perhaps it's difficult to get an equivalent package outside in the same
>area of software development.
>
>I am a very good technical person with good mathematical skills and
>know quite a bit about investement (stocks/mutual funds) despite the
>lack of any formal training in it. Many times the thoughts of career
>change come to my mind. I really want to be an investment banker or an
>actuary or at the very least write financial software (which I
>currently don't).
>
>With this, MBA seems to be a good option. But, I don't think part
>time/executive MBA is an option because these programs are designed to
>help those who want to grow in their existing fields, not for those who
>want to change career entirely. But doing full time MBA requires a lot
>of money and ROI may not justify the move. I believe my current salary
>(with benefits) far outweighs a freshers' salary in management.
>
>I oscillate between these 2 thoughts every day. On one side I think
>doing full time MBA brings a welcome break in what I do and who knows,
>I might beat the ROI and would make a very decent manager and make good
>money. On the other side, I feel terrified with the thought that this
>may prove a very costly mistake and what I would get after MBA will be
>a fresher's job and to even come to sam salary level as before would
>take good 5-7 years and then I would perhaps get stuck again.
>
>I also looked at some programs which give degree in Maths with
>concentration in Finanace and thought I could do a dual degree while
>pursuing MBA. Any help/suggestion is very welcome, because I have come
>to know I cannot come to a conclusion on my own and perhaps wasting my
>time in life without any meaningful action. May be 3-4 years down when
>I become 38-40, I may not have the energy to do any education and my
>career will be sealed with the company I am working for.
>
>Experts or those who have gone through these situations please advise.
>
>Regards,
>worker

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Randy

External


Since: Jun 25, 2004
Posts: 8



(Msg. 3) Posted: Mon Nov 21, 2005 1:49 pm
Post subject: Re: MBA, is it for me at this stage ? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

Get your MBA part time. Full stop.

In the US, part time MBAs cover the same curriculum as full time.
There's no disadvantage to a part time program, except that it takes
longer. And of course, part time MBA programs are insanely expensive.

If you want to be an investment banker, you're clearly in the wrong
business now. Why stay, when you know 1) you would rather be elsewhere,
and 2) your future in your current job is limited?

BTW, few folks with degrees in CS make 100 grand. A lot more MBAs do.

Finally, you'll use very little math as an MBA. Arithmetic is the
workhorse of business. Technical analysis is very much out of vogue
except among academics. Learn to use a spreadsheet.

Randy


worker wrote:
> It will really take a lot to explain my situation exactly, but let me
> take a stab at it. I am married with a kid with BS(EE) ,MS (EE), MS(CS)
> working for a fortune 500 for last 8 years making over six figured
> salary plus benefits in a cheap state. I have been doing technical
> stuff mostly.
>
> Frankly put, I don't think I like what I do here. It's too monotonous
> and there is pretty much no challenge. As far as I could see I don't
> see any growth for me. The handsome salary I am being paid is because I
> was at right place right time doing right stuff with a loyalty towards
> my employer for last 8 years. However, I realize that I am overpaid and
> perhaps it's difficult to get an equivalent package outside in the same
> area of software development.
>
> I am a very good technical person with good mathematical skills and
> know quite a bit about investement (stocks/mutual funds) despite the
> lack of any formal training in it. Many times the thoughts of career
> change come to my mind. I really want to be an investment banker or an
> actuary or at the very least write financial software (which I
> currently don't).
>
> With this, MBA seems to be a good option. But, I don't think part
> time/executive MBA is an option because these programs are designed to
> help those who want to grow in their existing fields, not for those who
> want to change career entirely. But doing full time MBA requires a lot
> of money and ROI may not justify the move. I believe my current salary
> (with benefits) far outweighs a freshers' salary in management.
>
> I oscillate between these 2 thoughts every day. On one side I think
> doing full time MBA brings a welcome break in what I do and who knows,
> I might beat the ROI and would make a very decent manager and make good
> money. On the other side, I feel terrified with the thought that this
> may prove a very costly mistake and what I would get after MBA will be
> a fresher's job and to even come to sam salary level as before would
> take good 5-7 years and then I would perhaps get stuck again.
>
> I also looked at some programs which give degree in Maths with
> concentration in Finanace and thought I could do a dual degree while
> pursuing MBA. Any help/suggestion is very welcome, because I have come
> to know I cannot come to a conclusion on my own and perhaps wasting my
> time in life without any meaningful action. May be 3-4 years down when
> I become 38-40, I may not have the energy to do any education and my
> career will be sealed with the company I am working for.
>
> Experts or those who have gone through these situations please advise.
>
> Regards,
> worker
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IF

External


Since: Nov 26, 2005
Posts: 1



(Msg. 4) Posted: Sat Nov 26, 2005 6:59 pm
Post subject: Re: MBA, is it for me at this stage ? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

Hi,

I have an MBA, but I don't use it much. Like you, I do technical
work, but I do enjoy it so I will stick with it.

A couple of thoughts...

(i) With respect to the following:

>Finally, you'll use very little math as an MBA. Arithmetic is the
>workhorse of business. Technical analysis is very much out of vogue
>except among academics.

True, to a large extent, unless you make a point of enrolling in a
school with a strong program in finance, such as Wharton, or something
quantitative such as Operations Research or Financial Engineering.
(For example, http://www.haas.berkeley.edu/MFE/).

Bottom Line..If you want an MBA with a strong finance and quantitative
component, you need to ensure that you enroll in such a program. They
do exist.

(ii) You can pursue a designation such a CFA (Chartered Financial
Analyst) on your own. I am not sure whether you need a business
degree to enroll in it. There are options without the MBA.

(iii) Perhaps you can leverage your technical skills towards a more
interesting job within your company, or outside ot it. This may save
you tens of thousands of dollars in tuition, opportunity cost in
salary loss, relocation issues, etc..


Best of Luck
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worker

External


Since: Nov 19, 2005
Posts: 2



(Msg. 5) Posted: Sun Nov 27, 2005 12:56 pm
Post subject: Re: MBA, is it for me at this stage ? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

Thanks for your gudance. I guess, CFA is a licensed profession which
has a standardized test. I have never really investigated the
opportunities in this profession. Only thing I know about this
profession is that a lot of folks doing analysis on stocks/mutual funds
have this qualificaion. Could you/anyone please tell me more in the
light of following points:
1. What is the earning potential with CFA with various career options
it presents ?
2. I can serach myself on google and find it out, but do you know how
much time (years) it would take to pursue this degree/curriculam part
time ?
3. Is there anything like CFA from this school X is valued more than
from school Y ? I mean just like MBA does the school rank matter ?

I will definitely start looking for this career very seriously. Frankly
I have stagnated wherever I am right now. I need a fresh start and
fresh outlook. The CFA option seems to lead to a very well defined
career. It will require me to study quite a bit since my academic
background is quite different, but it's ok knowing that it leads me
out of this profession without having to quit the current earnings.
Thanks for your input.
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vjp2.at

External


Since: Dec 27, 2005
Posts: 13



(Msg. 6) Posted: Mon Dec 12, 2005 8:30 am
Post subject: Re: MBA, is it for me at this stage ? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

American Business Schools are seedbeds of leftist
propaganda. What's worse, the net result is students who learn to kiss
up for fear of arousing leftists lunatics and see the kissing up as a
substitute for ethics. Ultimately the charade of modern business
schools thrives because they delude greedy but temperamentally
unsuitable students into thinking that people skills can be taught
from books in adulthood and not in early childhood from more basic
experiences. Many professors of business schools never practiced
business, or if they did, they seek to avenge their short but
traumatic experience. With the advent of differential pay, faculty
from other disciplines (engineering, economics, psychology) transfer
to b-schools without any real interest in their subject. Peter
Drucker and Michael Porter made more of their mark in the popular
press, because they were too lazy to work in the serious journals.
Since a lot of business is psychology and sociology, cultism, started
by none other than Freud, is rampant. Let's examine their teachings.
Participative management came to us via Myrdal Scandinavia and Tito
Yugoslavia and was largely based on the Tavistok studies whose sample
size was a mere thirty. This was foisted on Japan by a MacArthur who
believed that a little socialism was needed to combat resurgence of
fascism. Yet in the 1980s leftist faculty found all sorts of things
the Japanese themselves wanted to get rid of to try to impose on
us. Do these gurus today apologize now that Japan is in trouble? No,
they seek to have us emulate communist China, or the "knowledge"
feudalism of the university. Wait, didn't the university-style
environment they promote cause Arthur Andersen and KPMG so much
trouble? Did they ever tell you that large USA made cars weren't the
problem in the 1970s, but that gas prices made consumers buy smaller
USA-name cars made with defective Asian parts and yet somehow the
peaceniks who rebelled and bought "pacifist" Japanese cars turned this
into something else. Also, as USA education was deteriorating, our
mechanics weren't telling us the reason they preferred foreign cars
was because they had no clue how to upkeep the computerised USA 1980s
carborateurs. Now, as customer service has become automated and
effectively plummeted to 1970s levels, did anyone mention it was
caused by the petroleum inflationary environment, and the excellent
customer service of the 1985-95 era was due to low inflation, as
inflation is intimately involved with mass paranoia and irrationality?
The captains of American Industry didn't believe in democratic
capitalism: Henry Ford was denied WW2 mil contracts because of his
Nazi ties, Edison's sidekick Steinmetz was a socialist, and John D
Rockefeller believed the monopolistic efficiency of his Standard Oil
was theocratically mandated; It should therefore be of no surprise
that these "captains of industry" set up business schools that didn't
believe in the American way of business.


July 19, 2002 Controversial Study Questions the Value of an M.B.A.
By KATHERINE S. MANGAN Although master's programs in business
administration continue to attract record numbers of applicants,
little evidence exists that the degrees enhance people's careers or
earnings potential, a Stanford University business professor contends
in a controversial new report. The professor, Jeffrey Pfeffer,
examined 40 years' worth of studies that purported to prove the
economic value of an M.B.A., which can cost $100,000 or more at an
elite school. "There is little evidence that mastery of the knowledge
acquired in business schools enhances people's careers, or that even
attaining the M.B.A. credential itself has much effect on graduates'
salaries or career attainment," he concluded in an article scheduled
for publication in the fall issue of the journal Academy of Management
Learning and Education.. His report was bolstered, however, by
another critical report issued by the primary accreditor of business
schools, AACSB International: the Association to Advance Collegiate
Schools of Business. The association's report didn't challenge the
validity of the degree, but it did question the relevance of much of
what is taught in M.B.A. programs and suggested that many textbooks
and professors are out of date. In a report titled "Management
Education at Risk," a special committee set up by the association
concluded that business schools do an inadequate job of teaching
interpersonal, leadership, and communication skills. It also suggested
that faculty members forge closer ties with business managers to
ensure that students learn needed skills. "Preparation for the rapid
pace of business cannot be obtained from textbooks and cases, many of
which are outdated before they are published," the report
said. Students don't learn enough about global businesses, largely
because their professors have had little international experience, the
committee added.




- = -
Vasos-Peter John Panagiotopoulos II, Columbia'81+, Bio$trategist
BachMozart ReaganQuayle EvrytanoKastorian
---{Nothing herein constitutes advice. Everything fully disclaimed.}---
Pataki+JebBush in 2008!
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