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Author: mojito06 Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2818  
Subject: MBA ? Date: 4/19/2006 7:02 PM
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I am thinking of pursuing an MBA degree and switch careers from software development to management. I will be studying part time in my local university.
I want to know how easy is it to get jobs these days with MBA from an average university and how much do they pay?
How is a univeristy such as Univerity of Illinois Urbana Champaign (UIUC ranked for a part time MBA. I have a friend joining University of Hartford, CT for full time MBA. How does that rank?
Thanks
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Author: TourDeFarce Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2764 of 2818
Subject: Re: MBA ? Date: 5/3/2006 4:09 AM
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In my opinion, it's not the quality of the teaching per se which makes a B-school get labelled "great", but instead it's the quality of the *contacts* you make there.

Something to think about: Bush is the first MBA we've had as President.

TDeF

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Author: TMFJoeInvestor Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2765 of 2818
Subject: Re: MBA ? Date: 5/3/2006 11:07 AM
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Mojito,

Probably the reason you've seen so little response to your questions is that they are pretty open ended. You can probably find most of what you are looking for, though, by looking at the U.S. News MBA Rankings (http://www.usnews.com/usnews/edu/grad/rankings/mba/mbaindex_brief.php). This publication is the standard for MBA rankings and data. They have rankings for both full time and part time MBA programs, which is nice. You'll have to pay for access, but I believe it is pretty cheap. Considering how important a decision getting your MBA is, I'd definitely lay down a few bucks to give you a better picture of what you're getting into.

FWIW, I'm working on my M.S. in Finance at night at Georgia State University in Atlanta. Most of the people in my classes are in their late 20's to late 30's, with plenty of both younger (myself included) and older people mixed in. I've found the experience to be extremely rewarding, but it definitely puts a strain on your life. I know a lot of young Dads in the program who desperately would rather be at home playing with their children than learning about regression and time series analysis, but they work hard knowing that they can provide a better life for their kids by doing so. You'd be probably be surprised to know that, in my experience, the hardest workers in my classes are those with tots at home. Anecdotal, sure, but interesting.

Good luck with your search and keep us posted!

Joe

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Author: RoyaleWithCheese Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2814 of 2818
Subject: Re: MBA ? Date: 9/21/2012 10:14 AM
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What type of management are you envisioning?

I got an MBA, after being an IT admin and web developer for years. My company was so happy about it that they laid me off (well, not because of that, but they basically didn't see any value to an IT guy having a business degree, so it didn't help me when it came time to reduce their overhead). I spent the next five years freelancing my web development services, and then I got a job as a Website Business Analyst. The MBA helped me in terms of knowledge and thought process, and may have helped my current employer to see me as more than just a developer and offer me the BA role; or maybe they liked my self-started attitude from being a freelancer for five years. Who knows. However, I use very, very little from the MBA in my daily role as a BA.

Will an MBA automatically open career doors for you? Very tough to say. It's a nice bullet point on your resume, definitely. If you work in a bank and deal with finance, or deal with accounting, then yeah, an MBA can immediately translate into more money for you -- if you pursue the finance or accounting careers. As a developer, a lot of companies are going to have a tough time making the connection between your development skills and a business degree, and how that's going to help them. I've been accused in job interviews of "being all over the place" in my resume.

If by "management" you want to be more of a Lead Developer, then a graduate degree in software development will help you more. If you want to be a BA or PM, I suggest buying some books off Amazon and studying those, and maybe even trying to get a certification first, and see where it takes you; you may save tens of thousands of dollars that way.

I love the time I spent getting the MBA, because I loved the exploration of knowledge in all things business, and I love that I have a masters degree, but it may have been the long way around to where I am now. And yes, I'm making about $20k more as a BA than I did as a web developer.

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