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re: UH and Rice Energy MBA programs

Posted on 3/25/14 at 11:21 am to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40907 posts
Posted on 3/25/14 at 11:21 am to
Few thoughts (knowing people that have gotten MBAs both at Rice and UH, and they live in Houston)

1) The price is steep. All four people I know (2 at Rice, 2 at UH) had their employes pay for most, if not all, of the program.

2) The amount of money an MBA can make in the energy industry is obscene. I know energy traders in their 30s making 400K a year.

3) It's a lot of work. You do your full time job and then do this on weekends. Homework and study during the week. If you already work a lot of hours and have family, be prepared for everyone to make some sacrifices.

4) The UH degree will get you plenty of mileage with companies that have locations in Houston (and there are plenty of those). The Rice degree will get you mileage across the world.
Posted by barry
Location, Location, Location
Member since Aug 2006
51392 posts
Posted on 3/25/14 at 1:17 pm to
Finishing the UT program. Very much worth it, but it does suck to have half your weekends gone for two years.

I switched careers and got a 30% raise and doubled my bonus. So it was definitely worth it from a financial standpoint. I'll make my tuition back in under two years.
Posted by GREENHEAD22
Member since Nov 2009
20810 posts
Posted on 3/25/14 at 1:58 pm to
You mean UH?
Posted by PetreauxCat
TX
Member since May 2009
860 posts
Posted on 3/25/14 at 2:01 pm to
I'm not sure if you're set on Houston, but you should look at TCU and SMU as well.
Posted by DWaginHTown
Houston, TX
Member since Jan 2006
10201 posts
Posted on 3/25/14 at 2:04 pm to
quote:

Finishing the UT program.




Barry, did you do an energy focused program or a general one?
Posted by GREENHEAD22
Member since Nov 2009
20810 posts
Posted on 3/25/14 at 2:08 pm to
Not sure what schools offer the energy concentrated MBAs, pretty much all the TX schools?

Also like I said before this is pretty far down the road. Just trying to figure out if and when I need to take the GMAT. For the now it is downhole work and the technical side of things that I am interested in but want to keep my avenues open incase I want to try and make a jump to the business side of things later on.
This post was edited on 3/25/14 at 2:12 pm
Posted by PetreauxCat
TX
Member since May 2009
860 posts
Posted on 3/25/14 at 2:13 pm to
I know TCU has one, and I'm pretty sure SMU does.

LINK
This post was edited on 3/25/14 at 2:15 pm
Posted by GREENHEAD22
Member since Nov 2009
20810 posts
Posted on 3/25/14 at 2:16 pm to
Appreciate it, I am going to look around and check the others. Just trying to get ballpark GMAT scores and how many years of full time industry experience is required.
Posted by Moustache
GEAUX TIGERS
Member since May 2008
21657 posts
Posted on 3/25/14 at 2:21 pm to
nvmd
This post was edited on 3/25/14 at 2:25 pm
Posted by TheIndulger
Member since Sep 2011
19394 posts
Posted on 3/25/14 at 2:46 pm to
What's your undergrad major?
Posted by barry
Location, Location, Location
Member since Aug 2006
51392 posts
Posted on 3/25/14 at 2:48 pm to
quote:

You mean UH?



No, the UT MBA program in Houston
Posted by barry
Location, Location, Location
Member since Aug 2006
51392 posts
Posted on 3/25/14 at 2:50 pm to
quote:

Barry, did you do an energy focused program or a general one?



General. I find the Energy specific ones to be not be that much better than general. Granted I have 8 years of O&G experience so I wouldn't really need it as much.
Posted by euphemus
Member since Mar 2014
560 posts
Posted on 3/25/14 at 3:08 pm to
quote:

I switched careers and got a 30% raise and doubled my bonus.

What career were you in before and what do you do now? Did you change industries or did you change your job role (for example: engineering to finance)?
Posted by GREENHEAD22
Member since Nov 2009
20810 posts
Posted on 3/25/14 at 3:34 pm to
Industrial Eng.

Let the ribbing begin how its a BS degree. Wanted to do PETE but have been in school way too long already, 4th major. It allowed me to get out soon and still be able to do O&G. I am hoping my experience will open the doors a little easier since IE isnt one of the three standard concentrations.
Posted by ShaneTheLegLechler
Member since Dec 2011
63362 posts
Posted on 3/25/14 at 3:36 pm to
quote:

They have a huge alumni network in Houston. If you want to work in Houston it has it's value.


This. I work with a ton of people who have it and went to very good schools for undergrad. I may do it myself down the road. But outside of Houston and maybe some energy companies in Dallas it probably holds no value.

Then again depending on what you want to do in O&G you might not need to be looking outside of Houston much
This post was edited on 3/25/14 at 3:53 pm
Posted by PetreauxCat
TX
Member since May 2009
860 posts
Posted on 3/25/14 at 3:52 pm to
quote:

Then again if you want to work in O&G you probably won't be looking outside of Houston much


This is BS, and I hear it all the time. DFW and Denver have plenty of opportunities.
Posted by ShaneTheLegLechler
Member since Dec 2011
63362 posts
Posted on 3/25/14 at 3:55 pm to
Yeah I just edited it. There's obviously plenty you can do overseas as well. I would guess a UH MBA would hold some value in DFW.

People say Denver has a lot of opportunities but whenever I've scoured the job market there doesn't seem to be much and the jobs that are there are strictly engineering jobs. I'm not saying it isn't true but that's just what I've seen in my limited experience
Posted by barry
Location, Location, Location
Member since Aug 2006
51392 posts
Posted on 3/25/14 at 4:05 pm to
quote:

What career were you in before and what do you do now?


O&G operations/sales to Management Consulting

quote:

Did you change industries or did you change your job role (for example: engineering to finance)?


I'll still be primarily in O&G, but completely different from my role in operations/sales
Posted by reb13
Member since May 2010
10905 posts
Posted on 3/25/14 at 4:19 pm to
Barry, did you find that doing consulting in Houston allowed you to do more local O&G consulting or do they still make you travel and follow a more generalist route after your MBA?
Posted by barry
Location, Location, Location
Member since Aug 2006
51392 posts
Posted on 3/25/14 at 4:30 pm to
quote:

Barry, did you find that doing consulting in Houston allowed you to do more local O&G consulting or do they still make you travel and follow a more generalist route after your MBA?


It's going to differ company to company but being in Houston will help to do more O&G work. You will still likely do work in other industries, especially at larger firms.
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