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Started By
Message
Going back to school?
Posted on 11/25/23 at 2:19 pm
Posted on 11/25/23 at 2:19 pm
This is going to be a long post, so I apologize in advance.
First, a little background-
I am 22 and currently live at home. I have a job that I have been at since I got out of high school and I am currently making around $60k/yr (work in bank operations). However, the job I am in is not something I can see myself doing forever. I currently have a 2 yr degree from community college, but am considering going back to get a Bachelor's degree.
At this point, it seems any position higher than mine is going to require at least a bachelor's degree.
I am in a good situation financially, I currently have around $75k between checking/brokerage/401k/Roth IRA. Only debt I have is my car.
So here is my question:
Is it worth it to go back to school in my situation? I would be going to State (online) and am torn between majoring in BA or Finance (leaning toward Finance). I also don't think I would be opposed to going after an MBA after that.
Those that majored in Finance, what kind of job did you get post grad and where are you now if you don't mind?
First, a little background-
I am 22 and currently live at home. I have a job that I have been at since I got out of high school and I am currently making around $60k/yr (work in bank operations). However, the job I am in is not something I can see myself doing forever. I currently have a 2 yr degree from community college, but am considering going back to get a Bachelor's degree.
At this point, it seems any position higher than mine is going to require at least a bachelor's degree.
I am in a good situation financially, I currently have around $75k between checking/brokerage/401k/Roth IRA. Only debt I have is my car.
So here is my question:
Is it worth it to go back to school in my situation? I would be going to State (online) and am torn between majoring in BA or Finance (leaning toward Finance). I also don't think I would be opposed to going after an MBA after that.
Those that majored in Finance, what kind of job did you get post grad and where are you now if you don't mind?
Posted on 11/25/23 at 2:39 pm to Random MsState Fan
Not a finance major fyi, but you’re 22, advance your education to make your resume more attractive.
Posted on 11/25/23 at 3:23 pm to Random MsState Fan
Will the bank pay for your courses?
Some do
Some do
Posted on 11/25/23 at 3:32 pm to Random MsState Fan
Business Administration is a throwaway major. I would not recommend it-- no one would hire you for that and is simply a major that says "I completed college" which has value but is limited. Finance will at least teach you some useable skills. I majored in economics which also sounded nice but is really just a throwaway major. I landed in tech sales and make great money, might pivot to a non sales role in the next few years.
MBA will be a controversial topic but in my experience they are quite useless unless you attend a top 20 school. It's far more valuable for creating a network and opening doors through the school's recruiting efforts than the actual education. If you're considering an MBA at anything other than a top 20 program you'd be hard pressed to find real value. I can't tell you how many MBAs from Random State University who have worked in the exact same jobs as me with just a bachelor's.
I strongly urge you to go finish school with a degree like finance because it sounds like you've already seen that some jobs arbitrarily require a degree and that could limit you down the road. The only time it becomes ROI negative is when people have no path to employment and take their time and waste money.
If you're doing online, can you keep working while going to school? If so, super clear choice.
MBA will be a controversial topic but in my experience they are quite useless unless you attend a top 20 school. It's far more valuable for creating a network and opening doors through the school's recruiting efforts than the actual education. If you're considering an MBA at anything other than a top 20 program you'd be hard pressed to find real value. I can't tell you how many MBAs from Random State University who have worked in the exact same jobs as me with just a bachelor's.
I strongly urge you to go finish school with a degree like finance because it sounds like you've already seen that some jobs arbitrarily require a degree and that could limit you down the road. The only time it becomes ROI negative is when people have no path to employment and take their time and waste money.
If you're doing online, can you keep working while going to school? If so, super clear choice.
Posted on 11/25/23 at 3:39 pm to Thundercles
quote:What if the MBA is free? my son is in the STEM-MBA program at Bama and he got the whole thing covered under his academic scholarships.
MBA will be a controversial topic but in my experience they are quite useless unless you attend a top 20 school. It's far more valuable for creating a network and opening doors through the school's recruiting efforts than the actual education. If you're considering an MBA at anything other than a top 20 program you'd be hard pressed to find real value. I can't tell you how many MBAs from Random State University who have worked in the exact same jobs as me with just a bachelor's.
Posted on 11/25/23 at 4:02 pm to makersmark1
They will pay for a certain amt based on grades but have to stay with company for a certain amount of time after completion and not sure I'm gonna stay there after finishing education. I'm already wanting to find another job because the job I am doing actually has nothing to do with banking oddly enough.
Posted on 11/25/23 at 4:03 pm to Thundercles
Yeah I will def keep my job while doing school. I worked while going thru community college so I should be able to manage it.
Posted on 11/25/23 at 5:35 pm to Random MsState Fan
The MBA decision is irrelevant to the decision at hand. Go get your bachelors.
Posted on 11/25/23 at 5:55 pm to Gordonramsme
The major only matters for the first job out of school and even then that’s marginal. Someone can take plenty of accounting and finance courses and graduate with a “business” degree. I generally agree that accounting and finance curriculum is a better skill set that a lot of marketing or management courses at the undergraduate level.
Posted on 11/25/23 at 5:56 pm to Random MsState Fan
What career path do you foresee yourself going down?
If you’re going to remain white collar, get a degree in finance, accounting, some sort of engineering or IT. I’m an IT major, but all of my hobbies are blue collar. If I could do it all again, I’d go with civil or electrical engineering. Or I’d go to a trade school with the end goal of owning my own shop.
If you’re going to remain white collar, get a degree in finance, accounting, some sort of engineering or IT. I’m an IT major, but all of my hobbies are blue collar. If I could do it all again, I’d go with civil or electrical engineering. Or I’d go to a trade school with the end goal of owning my own shop.
Posted on 11/25/23 at 6:04 pm to Random MsState Fan
I wouldn't go back for a business degree.
Accounting is valuable, but the rest...
I personally think an MBA is pointless too, you learn more in the field but I either need to get an MBA or MHA in the next few years. I just need to check a box though, I am not going to "learn" just going to fit a regulatory checkbox of requiring a masters or higher for what I plan on doing.
Accounting is valuable, but the rest...
I personally think an MBA is pointless too, you learn more in the field but I either need to get an MBA or MHA in the next few years. I just need to check a box though, I am not going to "learn" just going to fit a regulatory checkbox of requiring a masters or higher for what I plan on doing.
Posted on 11/25/23 at 6:12 pm to WhiskeyThrottle
I think I would like to be in a consultant type role. Maybe M&A?
Posted on 11/25/23 at 6:51 pm to achenator
quote:
What if the MBA is free
Free MBA is nice, and from my understanding actually valuable in the engineering field as one would actually stand out. I was looking at it from a business school standpoint.
Posted on 11/25/23 at 6:55 pm to Gordonramsme
quote:
Business degrees are worthless minus accounting. If you go back to college go in to a field that’s in high demand like engineering or nursing.
I'll disagree in that white collar jobs often require a degree, no matter what the degree is. In this case the fastest path to a degree is the best one, and finance is a step above the social sciences.
Nursing is a wild suggestion. I've literally never met a nurse who wasn't dying to get out of nursing. They all hate it-- the work sucks their hours suck, and their pay sucks.
Posted on 11/25/23 at 6:56 pm to Random MsState Fan
quote:
I think I would like to be in a consultant type role. Maybe M&A?
That’s going to be a difficult landing spot from an online state school. If that’s the desire then you absolutely need to major in Finance or Accounting and your grades should be excellent (3.8+).
Posted on 11/25/23 at 6:58 pm to Thundercles
Nursing is a random recommendation in this thread but it’s a pretty awesome profession. Work 3 12s a week and make like $70K+ a year. It’s not a bad gig at all….even if they are vocal about whatever hardships. 4 day weekends as a full time employee is a dream.
Posted on 11/25/23 at 7:03 pm to Random MsState Fan
quote:
I think I would like to be in a consultant type role. Maybe M&A?
Just know that those roles recruit heavily based on GPA out of college. Also it relies heavily on networking when you're coming out of a non-target school, and if you're referring to Miss St you're facing a real uphill battle. It's something you'll need to start planning for from day one.
Posted on 11/25/23 at 7:49 pm to Random MsState Fan
Making 60k at 22 with an Associates degree is a lot better than you seem to think. I was making not much more at 30 with an MS although my next job was a big step up.
Posted on 11/26/23 at 9:40 pm to lynxcat
What nurses are working the
4 day weekends while the nurses are off.
4 day weekends while the nurses are off.
Posted on 11/26/23 at 9:53 pm to Gordonramsme
quote:
Nurses willl be making 200k in the next 10 years. It will be a high high demand, just wait and see.
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