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Going back to school?

Posted on 11/25/23 at 2:19 pm
Posted by Random MsState Fan
Member since Jun 2018
1657 posts
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?

Posted by shamrock
Baton Rouge
Member since Sep 2015
3630 posts
Posted on 11/25/23 at 2:39 pm to
Not a finance major fyi, but you’re 22, advance your education to make your resume more attractive.
Posted by makersmark1
earth
Member since Oct 2011
16129 posts
Posted on 11/25/23 at 3:23 pm to
Will the bank pay for your courses?

Some do
Posted by Thundercles
Mars
Member since Sep 2010
5223 posts
Posted on 11/25/23 at 3:32 pm to
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.
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
5412 posts
Posted on 11/25/23 at 5:56 pm to
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.
Posted by armsdealer
Member since Feb 2016
11548 posts
Posted on 11/25/23 at 6:04 pm to
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.
Posted by TheWalrus
Member since Dec 2012
40951 posts
Posted on 11/25/23 at 7:49 pm to
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 by Shamoan
Member since Feb 2019
9439 posts
Posted on 11/26/23 at 10:38 pm to
I bailed on my first degree and went back and earned a second degree. Do it. My first degree was a BA from state. Definitely go into finance if you like it. I parlayed both degrees into what I do now. Think of it as a foundation and the more knowledge and experience you gain, the stronger and bigger the foundation (and opportunities). Good luck.
Posted by MSTiger33
Member since Oct 2007
20456 posts
Posted on 11/27/23 at 4:50 am to
Where do you live and are you willing to move for a job? Landing a job in finance is easier in a bigger city. Also there are many entry points into the finance field. I am seeing people start at our company with a wealth management degree which didn’t exist when I was in school. Here is an example of one at UD. Not sure if there is something similar at State.

LINK
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124668 posts
Posted on 11/27/23 at 5:49 am to
quote:

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.

So here is my question:

Is it worth it to go back to school in my situation?
It sounds like you answered your own question. Now the question is best path forward. If you have any inclination to continuing at the bank and are friends with someone in a desirable position there, get their opinion.
Posted by LSUShock
Kansas
Member since Jun 2014
4927 posts
Posted on 11/27/23 at 8:36 am to
Go to trade school. Work with your hands. Apprentice under someone to learn the ropes. If you want to go out on your own, do so in 5-7 years. Profit.

Posted by Dead Mike
Cell Block 4
Member since Mar 2010
3400 posts
Posted on 11/27/23 at 9:31 am to
quote:

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?


The real question is, what do you like about your current role? What do you hate about it? What kind of subject matter are you interested in, and what kind of lifestyle would you aspire to? As someone who considered switching to both accounting and nursing after years in the workforce, those are some of the factors that drove my decision.
Posted by Grassy1
Member since Oct 2009
6276 posts
Posted on 11/27/23 at 10:16 am to
I'm not going to discourage you from returning to school, as the only potentially better path to pursue would be to become your own boss.

If you enjoy working with/for others in an office environment, then maybe something in finance is for you.

My have a step son-in-law, and a step daughter-in-law, both with accounting degrees. Both are about 30. After working a couple office jobs, both are now pursuing their own businesses.

He worked for a pool cleaning business for about 8 months, and has now started his own.

You seem like a smart guy, and will no doubt be fine whichever path you choose now. The good news is that all paths should be available later too, although tougher with a family to feed. Now seems like a good time to make a move if you're not satisfied.

Posted by horsesandbulls
Destin, FL
Member since Jun 2008
4884 posts
Posted on 11/27/23 at 10:20 am to
haven't read the rest, but just do it.

I graduated LSU in 2011 with a degree in finance and went back to school for the remaining credits for my CPA.

It's shitty but with a few exceptions, you'll need a minimum 4 year degree.

Be sure its in something concrete, sorry history majors. Finance and Accounting are always solid and more than pay for themselves.
Posted by cfotiger
Baton Rouge
Member since Oct 2011
775 posts
Posted on 11/27/23 at 10:45 am to
Long-term potential earnings; you should get your bachelors and an MBA.

Short-term potential earnings; the bachelor's and MBA will do little or nothing.
Posted by KillTheGophers
Member since Jan 2016
6265 posts
Posted on 11/27/23 at 4:38 pm to
If business is the route, get a finance or accounting degree. If finance, pick up enough accounting hours to sit for the CPA exam if you ever need it.

If you love computers, look into CIS and Accounting.

If you apply yourself, a finance or accounting degree will pay off down the road.

I feel that MBAs are a waste of time these days. Sure, if you can get an Ivy League masters - do that. Otherwise, meh.

22 with an associates degree making 60k ain’t too bad.

If you like office work, look at becoming certified in autocad. You will be employed immediately and make really good money. Be aware, if autocad, you will be dealing with engineer and nerds.

I don’t know anything about medical degrees / work / etc.

You can parlay a finance or accounting degree into a nice law degree. Keep gpa up - also, if you like accounting, go into forensic accounting or specialize in audit / review work.
Posted by CHGAR
Haile, LA
Member since Aug 2022
586 posts
Posted on 11/27/23 at 7:33 pm to
Have a finance degree, mba, accounting degree, and a cpa certificate somewhere. Regret I ever bought into this bullshite. If I had to do it over I would be a welder.
Posted by Drizzt
Cimmeria
Member since Aug 2013
12989 posts
Posted on 12/2/23 at 12:48 pm to
If you work at a smaller regional bank, I would have a meeting with your boss and tell them you want to move up in the bank but know you need a bachelors. Ask if they’ll pay for your bachelors and they can specify majors they want. Small banks struggle to keep good people and if they think you are good they may see this as a way of locking you in for 5 years since you can only take 1-2 classes a semester and work. This will only help you as it shows them you have initiative.
Posted by Random MsState Fan
Member since Jun 2018
1657 posts
Posted on 12/11/23 at 3:30 pm to
To update the OP:

I have registered for classes starting in the spring. Pursuing BBA, expecting to graduate in the Fall of 2025.

Looking forward to it, now to get out of this hellhole of a job.
Posted by Violent Hip Swivel
Member since Aug 2023
2808 posts
Posted on 12/11/23 at 9:38 pm to
I would suggest taking your mind off of such a stressful decision for a while and visiting the r/scrubsgonewild Reddit and look at naked nurses. Then after that get out a piece of paper and make an ol'l fashioned "pros and cons" list for going back to school
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