Ragged wrote:Cestjustemoi wrote:I agree totally with the posting above this! Many people who down business school and the MBA have never taken a class in their life. An MBA is not a joke degree especially if you concentrate in finance or accounting. Lawyers are taught to be accountants plain and simple.
Yes, but what if you already have an undergrad in accounting/finanace? Is MBA worth it then?
That all depends on your end goal. If your end goal is finance or accounting, then probably not. Though, again, meeting 150+ other accounting/finance MBAs will open up a world of connections/jobs for your future career.
If you think you're going to want to lateral to a management position, or work on startups/do something entrepreneurial, then it's definitely worth it.
On the entrepreneurial side: Unless you have developed an idea, written out a full business plan for it (all the strategy, financials, marketing, etc), had it critiqued by five or six real venture capitalists while doing a live [[real]] pitch, had it critiqued by classmates and professors, tweaked it, gotten funded, dealt with real live investors, prototyped/built your idea, been put in a REAL drivers seat as CEO/COO, and made money for you and your investors.... then the MBA can do a lot for you. I suspect most people have not gone through this process. These classes also consist of case studies, where each case study revolves around a REAL company that actually exists. You have to analyze the corporation as a whole, its progress to date, its leadership, its strategy(s), write lengthy analysis papers and recommendations for the future of the company. Do roughly 24 of these in a semester (just for one class), and you get a much better sense of how to analyze/write business plans, what works, what doesn't, how to analyze and write up realistic financials, how to think so you create realistic & scalable ideas, etc... You also get a great network of other like minded entrepreneurs, connections to venture capitalists... and so on.
If you've got the money to go, I really can't think of a situation where learning more and making many high quality connections would NOT be a good idea.