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re: Is an Executive MBA worth the time/money?
Posted on 10/24/18 at 2:58 pm to flyAU
Posted on 10/24/18 at 2:58 pm to flyAU
I haven't paid attention to MBA rankings but that cost is not surprising at all to me for Ga Tech and I think it would be looked at well.
In some circles MBA's are viewed very highly and others not so much. The biggest reason to get an MBA is for the networking and to open doors in new areas. If you are already pretty firmly on a career path I don't really see the need. But if you were approached by someone in your company than I would by all means pursue it especially if they are going to pay at least a majority of the cost.
But as said, the education is mostly a secondary reason to get it.
In some circles MBA's are viewed very highly and others not so much. The biggest reason to get an MBA is for the networking and to open doors in new areas. If you are already pretty firmly on a career path I don't really see the need. But if you were approached by someone in your company than I would by all means pursue it especially if they are going to pay at least a majority of the cost.
But as said, the education is mostly a secondary reason to get it.
0
Posted on 10/24/18 at 3:41 pm to Tshiz
quote:
80k? frick no.
30k, maybe.
I did the latter. $33k or $36k to be exact. It was sort of worth it.
Posted on 10/24/18 at 3:57 pm to flyAU
I have a friend that just finished his EMBA at Emory in a similar situation. His employer paid for it in full, with an agreement that he would stay with the company for the next 5 years. I think it required 45 weekends per year for 2 years. It was hell on him and his wife. I probably saw him a dozen times over that time period and I live 10 minutes from his house. He says he’s happy he did it and that it’s over, but he seriously questions if it was worth the time commitment.
Posted on 10/24/18 at 3:58 pm to TheWiz
quote:
did the latter. $33k or $36k to be exact. It was sort of worth it.
What EMBA is $33k?
Posted on 10/24/18 at 4:15 pm to flyAU
As I tell everyone who asks this question, you will get out of it, what you put into it.
If you are doing it just to check a box, it isnt worth the work.
The biggest value I found in my Professional program was the challenge of being around very smart, driven people. It sharpens you. There is a pretty good chance your entire class will be executives somewhere in the near future, that is huge. Get to know people, keep in touch with them, and try to learn something from everyone.
As another poster said, the EMBA program are pretty hard on your family. It is a lot of time away.
*UT offers a EMBA program that meets in Dallas. They meet in a hotel conference room over the weekend, and everyone comes from all over, so everyone stays at the hotel. Long weekends in class together, dinner and drinks as a group after class...you know what happens next. Usually half the class ends up sleeping with each other.
If you are doing it just to check a box, it isnt worth the work.
The biggest value I found in my Professional program was the challenge of being around very smart, driven people. It sharpens you. There is a pretty good chance your entire class will be executives somewhere in the near future, that is huge. Get to know people, keep in touch with them, and try to learn something from everyone.
As another poster said, the EMBA program are pretty hard on your family. It is a lot of time away.
*UT offers a EMBA program that meets in Dallas. They meet in a hotel conference room over the weekend, and everyone comes from all over, so everyone stays at the hotel. Long weekends in class together, dinner and drinks as a group after class...you know what happens next. Usually half the class ends up sleeping with each other.
Posted on 10/24/18 at 4:17 pm to flyAU
I am 13 years post undergrad and doing UABs MBA. AMA.
Posted on 10/24/18 at 4:24 pm to flyAU
Executive MBA's are often paid for by the employer, which deducts it as an expense. So the prices are inflated.
A great deal depends on the school because this is where you will meet other people whose companies invested lots of money in. Harvard and Stanford? Of course. ULL would be a hard pass.
A great deal depends on the school because this is where you will meet other people whose companies invested lots of money in. Harvard and Stanford? Of course. ULL would be a hard pass.
Posted on 10/24/18 at 4:25 pm to baldona
quote:
Are you not a realtor?
I am, it is the hilarity of my life. Had I dropped out and got a GED at 16 I'd be exactly where I am today.
Posted on 10/24/18 at 4:30 pm to ItNeverRains
Apso, if you are looking to "check a box" in some sense could you look online? I looked at an MS in another business field from GA Tech and it was only like $300 some odd per hour.
Posted on 10/24/18 at 4:32 pm to flyAU
What's the difference between an MBA and an Executive MBA?
Posted on 10/24/18 at 4:35 pm to flyAU
Went back for my EMBA at age 35. Overall, I found the experience rewarding. Going back to college as an adult proved to be a lot easier than I thought. You know how to better manage your time. That said, I tell people that EMBA’s involve a lot of group work. Depending on the composure of your group you may have slackers who are all too happy to watch you do all the work. In my case, I’d say 10% of the class carried 90% of the load. So it mirrors the workplace I suppose. Admittedly, I found this aspect infuriating by time I graduated. If you are one of those slackers, my god have mercy on your soul. LOL
Made lots of connections and certainly got a better understanding of management, finance and accounting. Truly saw the world from a broader perspective afterward. For me it was a check the box degree as it was the only way to move up in the company I worked for at the time. In a surprise twist, the EMBA convinced me I was in the wrong profession and that the company I worked for was shite. It gave me the confidence to become an entrepreneur which is where I’m at now.
As for cost, unless you are working at a major financial institution with heavy ties to a specific B-School it doesn’t matter which University you choose as long as it is accredited and not laughable. Save the money and go to a respectable regional University unless your employer is footing the bill.
Made lots of connections and certainly got a better understanding of management, finance and accounting. Truly saw the world from a broader perspective afterward. For me it was a check the box degree as it was the only way to move up in the company I worked for at the time. In a surprise twist, the EMBA convinced me I was in the wrong profession and that the company I worked for was shite. It gave me the confidence to become an entrepreneur which is where I’m at now.
As for cost, unless you are working at a major financial institution with heavy ties to a specific B-School it doesn’t matter which University you choose as long as it is accredited and not laughable. Save the money and go to a respectable regional University unless your employer is footing the bill.
This post was edited on 10/24/18 at 4:41 pm
Posted on 10/24/18 at 4:38 pm to wiltznucs
quote:
Made lots of connections and certainly got a better understanding of management, finance and accounting.
Are you an engineer or the like?
quote:
As for cost, unless you are working at a major financial institution with heavy ties to a specific B-School it doesn’t matter which University you choose
I disagree unless you know going in if you just get a degree you get a promotion.
Posted on 10/24/18 at 4:38 pm to The Mick
Traditionally, EMBA was for working people (held on the weekend,etc) However, with learning moving to the online space, they are losing some market share.
Posted on 10/24/18 at 4:40 pm to Epic Cajun
This is not true. You can deduct the entire cost of graduate school.
Topic No. 513 Work-related expenses. As long as you go to school, stay in the same field of work ie accountant before school accountant after school you can deduct within the year the expense was incurred. You will have to go back and amend your returns. You can ONLY capture this deduction with the successful completion of the program.
I did this, my friend did this, and his friend did this. MBA > no MBA
IRS Link
Topic No. 513 Work-related expenses. As long as you go to school, stay in the same field of work ie accountant before school accountant after school you can deduct within the year the expense was incurred. You will have to go back and amend your returns. You can ONLY capture this deduction with the successful completion of the program.
I did this, my friend did this, and his friend did this. MBA > no MBA
IRS Link
Posted on 10/24/18 at 4:43 pm to flyAU
MTSU has a Concrete MBA. It's obviously very industry specific. It's well regarded at the company I'm with. The new hires we get from MTSU get positions ahead of us regular business school grads. It runs about $30K
Posted on 10/24/18 at 4:45 pm to Rendevoustavern
quote:
This is not true. You can deduct the entire cost of graduate school.
Topic No. 513 Work-related expenses. As long as you go to school, stay in the same field of work ie accountant before school accountant after school you can deduct within the year the expense was incurred. You will have to go back and amend your returns. You can ONLY capture this deduction with the successful completion of the program.
I did this, my friend did this, and his friend did this. MBA > no MBA
This went away with the new tax code. You can no longer itemize unreimburesed business expenses. You can however still do the Lifetime Learning if you qualify.
Posted on 10/24/18 at 4:47 pm to Aubie Spr96
I laughed at that
Posted on 10/24/18 at 4:48 pm to flyAU
15 years in, probably not worth it.
Posted on 10/24/18 at 4:48 pm to Mingo Was His NameO
quote:
Are you an engineer or the like?
Undergrad in Physics/Technology. No undergrad work in business. For my EMBA class I’d say nearly 80% of the cohort was basically in my shoes in that regard.
Posted on 10/24/18 at 4:50 pm to The Mick
quote:
What's the difference between an MBA and an Executive MBA?
$$$!
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