Need Ranger Advice: Thinking of Getting My MBA

[35Pete]

Fellow Rangers in the business community. I need your advice. I am very seriously thinking of getting my MBA. My corporation will pay 100% of tuition, fees, and books. I want to even more increase my marketability.

I have looked at two off-campus programs: University of Miami and University of Florida. They are both really competitive with admissions but for engineering my undergrad GPA was 3.94 and my grad GPA was 3.85. My GRE score was 1350. So I don't see this as a problem.

What do you think? Is it worth it? Or is my Master's in EE good enough? If it is then what program would you recommend? Let me know. Thanks.

UM Program: http://www.bus.miami.edu/index.php?option=com_content&task=view&id=51&Itemid=124

Total Cost Paid by my company: $63,150

UF Program:http://www.floridamba.ufl.edu/FutureStudents/professionalsouthflorida.asp

Total Cost Paid by my company: $46,000

Also. What business concentration would you recommend? I have my ideas but want to hear a diversity of thoughts here.

[Mouldsie]

Accounting if you want straight forward easy stuff or Marketing if you want more of an outside the box deal.

[HURLS]

Get a PS2

[Jayhawk]

I'm doing my masters, and unless your great at math don't bother

[LVBillsfan]

Pete, have you thought about earning a Ph.D instead of a second masters?

[Jayhawk]

Pete has a PHD in drinking

[35Pete]

I'm doing my masters, and unless your great at math don't bother
I can do non-linear operations (square roots, logs, ect..) in my head. I am not kidding.


No. I don't want a PhD. In engineering that makes you LESS marketable. Just ask BillsCaFan. He would probably concur.

[35Pete]

Accounting if you want straight forward easy stuff or Marketing if you want more of an outside the box deal.
Yeah but what could I marry with a technical background to make me most valuable? Thoughts anyone?

[HURLS]

Yeah but what could I marry with a technical background to make me most valuable? Thoughts anyone?

I bet you could marry an insurance claim person easy.

[nehemiah]

MBA and a technical background would be good.

JD and a technical background would be better.

you need to be honest about your age, though. law firms and businesses do not like to hire older people.

[HURLS]

you need to be honest about your age, though. law firms and businesses do not like to hire older people.

Yes they do, and they start them out at 48,000 a year. :buddy:

[nehemiah]

JD and a tech degree (on a young person) would start at 160,000 a year.

provided you were in a market that size.

the problem with a second degree, pete, is that you need to maximize your work experience when you get older.

the degree is worth less than the experience. which you already have. so education is a waste.

[35Pete]

MBA and a technical background would be good.

JD and a technical background would be better.

you need to be honest about your age, though. law firms and businesses do not like to hire older people.
My ultimate goal would be self-employment as a business/technical consultant.

Friends in the past have done it. Some make $400/hour and up.

[njsue]

Fellow Rangers in the business community. I need your advice. I am very seriously thinking of getting my MBA. My corporation will pay 100% of tuition, fees, and books. I want to even more increase my marketability.

I have looked at two off-campus programs: University of Miami and University of Florida. They are both really competitive with admissions but for engineering my undergrad GPA was 3.94 and my grad GPA was 3.85. My GRE score was 1350. So I don't see this as a problem.

What do you think? Is it worth it? Or is my Master's in EE good enough? If it is then what program would you recommend? Let me know. Thanks.

UM Program: http://www.bus.miami.edu/index.php?option=com_content&task=view&id=51&Itemid=124

Total Cost Paid by my company: $63,150

UF Program:http://www.floridamba.ufl.edu/FutureStudents/professionalsouthflorida.asp

Total Cost Paid by my company: $46,000

Also. What business concentration would you recommend? I have my ideas but want to hear a diversity of thoughts here.


Go for it. My suggestion would be to branch out into either a Finance or Economics MBA area. Your better with the most education than the least. Knowledge is powerful! ;)

[35Pete]

$400/hour??? Seems crazy, or even exagerating, huh?

Look at it this way. As a consultant you contract with XYZ Corp, a smal company that is having trouble with manufacturing yields. They hire you and you bill them for 10 weeks of work (400 hours). That's $160,000. A LOT of cabbage. But you streamline and optimize their process, saving them $600,000 a year in inefficiency for 3 years. They paid you 160K to save them 1.8 million. To them you are a bargain.

It happens all the time.

[Jayhawk]

and forty is the old 20

[njsue]

$400/hour??? Seems crazy, or even exagerating, huh?

Look at it this way. As a consultant you contract with XYZ Corp, a smal company that is having trouble with manufacturing yields. They hire you and you bill them for 10 weeks of work (400 hours). That's $160,000. A LOT of cabbage. But you streamline and optimize their process, saving them $600,000 a year in inefficiency for 3 years. They paid you 160K to save them 1.8 million. To them you are a bargain.

It happens all the time.

$400 per hour I say CHA CHING :biggrin: ;)

[HURLS]

Once you get a few degrees and hit 50, 400 bucks an hour is a given.

[nehemiah]

400 an hour is peanuts.

i make 400 an hour before i wake up.

[Stealth01]

Whatever you do, Pete, you'll be more marketable than I will, once I have my MFA. I plan to start in about 2 years. :)

[Mouldsie]

My ultimate goal would be self-employment as a business/technical consultant.

Friends in the past have done it. Some make $400/hour and up.
Marketing



Judging solely from things you've said in the past, what would help you in your job now might be Organizational Behavior or Management (Systems)

[jimmifli]

My ultimate goal would be self-employment as a business/technical consultant.

Friends in the past have done it. Some make $400/hour and up.
What type of consulting would you do?

If you've already got a Masters I don't see the MBA helping much unless you are aiming for project management stuff.

My father is an industrial engineer and self employed consultant. All his businees is repeat business and referrals. If you're good you will get work, if you're not you won't. An MBA might help you pick up a customer here or there but your on the job performance will determine your success. It can be tough though, he's billed $0 in a month a couple of time.

[K-Gun]

Or, you could become a script doctor and make $100,000-$200,000 per week.

http://en.wikipedia.org/wiki/Script_doctor

[B-loCrew]

JD and a tech degree (on a young person) would start at 160,000 a year.

provided you were in a market that size.

the problem with a second degree, pete, is that you need to maximize your work experience when you get older.

the degree is worth less than the experience. which you already have. so education is a waste.


I agree, MBA's are worthless when compared to experience and upward progression in your desired field. I would recommend padding your stats in your field and forget the MBA.

[г]

http://business.queensu.ca/mbast/index.htm