I will be doing the MBA course during weekends along with my job. I want to know what are the advantages I will be having after completing the course.
I have heard from many that full time MBA is the only one which is useful, the part times are not much useful, I am fairly confused with the executive MBA (that requires job experiance for getting the admission).
Most of the research I did for MBA was in the US, not India. Not sure how much of this translates to India
Generally speaking, my findings are
a) If you are a programmer, financially, it doesn't make sense to do a full time MBA unless you do it from an Ivy League school. You don't earn more money with an MBA, and you have to drop out of work for 2 years and incur education expenses that you will have to somehow recover. If you really want to get out of programming, and MBA is something that you really want to do, it makes sense to do an MBA. What the Ivy league school gives you is exposure to people who are in executive management, and also access to the alumni. Really, you are getting in not so much for the education, but for access to the network.
b) Getting into Ivy league school is hard. They are looking for well rounded people, and I suspect that they are looking for certain personality types. It's not enough to have a high GMAT, and be really good at your job. You need the right attitude
c) An executive MBA is very costly, and again, if you are spending that much money, and spending that much effort, it makes a lot more sense if you can get into an Ivy League school. Moreover, a lot of Ivy school are really looking for people who have strong support from the applicant's employer. They don't want people to get an MBA and go back and do the same things that they were doing pre-MBA. They want the employer to say "Yes, we want this person to go into executive management, and we want you to train this person"
10 years ago, I studies and took the GMAT on a lark, and I got a really good score. I was in the 95th percentile. I had good relationships with all of my bosses, and I was thinking "Wow.. I have a shot here" SO, I started applying to Ivy League schools for a full time MBA , and visited few of them. I visited Harvard, and it seemed to me that a lot of people just acted the same. I got the nagging feeling that I didn't belonged there. It was like the movie Stepford wives, only for business people. OTH, Wharton seemed like a place I could belong to. I applied to Harvard, Wharton and MIT, and got rejected by all 3. Harvard was not a disappointment, but I was really disappointed by Wharton's rejection. THe only solace I had was that I wasn't rejected in the first round, so they did see some potential. Wharton is also the only school that gives feedback to rejected applicants, and they said "You aren't well rounded", which based on some other things that they said, and by reading between the lines really sounded like "You are too much a of a nerd". *SIgh* Nerd, I am and Nerd I will ever be. I am pretty sure I got rejected from all 3 schools because of the same reason.
10 years later, I have no real regrets. I am what most people would consider successful. If I had got into a top school, my life might have taken a completely different trajectory.. who knows?
IMO, if you are looking at doing an MBA, look at
a) Does it make sense financially?
b) More importantly, look at the Alumni. DO you really want to be one of these people? Now that I am all grown up, and I look at the companies that I like and those I don't like, and I see that Harvard alumni run companies that are on the wrong side of the fence. I think if I do get an opportunity to do an executive MBA, Harvard will not be a place that I apply to
Many MBA programs expect applicants to have work experience before attending. I found that my previous background in the business world gave me a unique perspective on my education while attending a Babson College.MBA program. I do not agree with the assertion that only full time MBA programs are beneficial. Regardless, you will be making connections and gaining knowledge that you will be able to utilize in your chosen field.
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