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MBA?

March 12th, 2009 at 08:49 am

I finally got the material from HR regarding their Tuition Reimbursement Program, and am now brainstorming a return to school for maybe a masters... like maybe an MBA, or really, anything that will increase my earnings.

As you can probably tell, I haven't quite decided what is the best course of action yet, and any input on this would be greatly appreciated.

PRO: Employer will cover up to $5,250 for undergraduate programs, or $12,000 for graduate programs. Annually.

CON: Has to be something that is beneficial to the company. So, I can't pick a major in Pharmacy or Adult Entertainment or anything like that.

Also, I might only have 2 years to do something about this, depending on how long the contract holds up....

Another con is that I have a Bachelors in Criminology, and not only is it likely to be unrelated to most of the masters program that I am looking for, but it's was also many years ago. So, that may push me further back....

What do you think? Any other suggestions aside from MBA? I'll update as I go along on this one....

Update:
Ok, I just got off the phone from talking to two representatives from the University of Phoenix....

Yes, they're that all-online outfit. Good news is that it looks like everything looks ship-shape and that I could get a MBA from them within 2 years....

Bad news? They're an all-online entity that doesn't offer any co-op training, job recruitments or networking. On the other hand, if I stay with my new employer, such an MBA is good enough for them....

Another "bad news" of sorts is their cost, which I thought was a little high... but it's still doable in terms of getting it covered and finished within 2 years so....

Everything lines up on this one. I'm not saying this is what I should do but at least it's an option.... But what do you think of it?

11 Responses to “MBA?”

  1. creditcardfree Says:

    PRO: Broadens your professional and social circles, that is if you don't do it online.

    CON: Lose free time temporarily

    I think it is a great idea!

  2. Broken Arrow Says:

    I don't mind losing free time. It's best that I stay occupied anyway....

  3. monkeymama Says:

    MBAs can be pretty over-rated if you don't have an undergrad business degree and/or business experience. Honestly, in our field, we would not hire a MBA due to past bad experiences. They come out really snooty and think they will shoot to the top of management with no practical experience. Accounting in particular, is a field of practicality. So my view is a little skewed. In California you are literally better off with a lower degree.

    I've had a handful of (Terrible) co-workers came out of grad school with some pretty unrealistic expectations. They were sold a bill of goods, for sure.

    But hey, if it's paid for... & you realize an MBA is often less preferred in business than experience. Which I guess my point is it could be a useless degree without experience. I am not sure what kind of experience you have though. If you were going to shell out money - I would scream no. Taking classes to test the waters couldn't hurt though. But I would get more guidance from professionals in your area as to what would be your best course of action for your end goals.

    It is feasible it could help you move ahead in your current job? I assume, if they would be willing to pay for it. So, something to consider.

  4. Broken Arrow Says:

    Thank you for that input, MM. I fully agree with you that an MBA can be pretty over-rated. No, I have any delusions that I'm going to become CEO of any fast-moving company or anything. HAHA goodness no. Just trying to figure out a way to take advantage of this Tuition Reimbursement deal and figure out some way to increase my earnings potential, that's all.

    But that's also why I am still in the brainstorming stage. Just want to get an idea of what to expect in general. Thought about MAC as well... and Pharmacy for that matter. I agree it would be more practical, but again, still just throwing ideas around and seeing what sticks.

  5. PRICEPLUS Says:

    Well BA if it can help you increase your value and the powers that be are going to pay a hefty portion then go and do it.

    Sometimes we regret missed oppurtunity. More education seems to me to be a valuable asset. In the end do what fits best into your life plans!WinkSmile

  6. frugaltexan75 Says:

    If going back to school and getting your Master's in something is something you think would interest you AND it will be paid for by your company? Go for it! I do agree with MM that you should probably talk to people in your field, or in the field your interested in to get some guidance as to what would be the best MA to get. Have you taken the GRE yet?

  7. Broken Arrow Says:

    Yeah, so long as it's within the $12,000 coverage, I won't have to pay a penny... so why not give it a shot right?

    No, haven't taken my GRE yet! Definitely something I need to look into, but want to nail down the path first, then see what I need to take afterwards.

  8. Phenomenal Woman Says:

    I am in the same situation with you as far as having the option of Tuition Reimbursement and currently going for a MBA since I am currently working in the Human Resource field. The reason I say MBA is that I am taking the short cut of taking courses for the BA/MA/MBA into one goal. If you go for the BA first, then the MA second , and then for the MBA degree, you will be taking more classes in the long run(You would first have to check which Universities and online course to see which particular field you can do this for first. It is different for each school).
    PROs - Getting new insights from classes which I can apply to my position and team, keeping up with new technologies and be on top of current economic trends. Business networking (most students are working for a business or currently own their own business), more understanding of how a particular company work as a whole and in details, tuition is paid for. In the event of a layoff, having a degree with my experience will look good on my resume. As a deaf person, I constantly need to be reminded on my English grammar and pronunciation of words since I cannot hear sounds to replicate those, classes are where I can get honest feedbacks.
    CONs - For me particularly, I spend much time going to classes, taking online classes and homework outside of my work schedule. I am on the computer all day at work; taking online courses extend my computer daily usage from 9 hours to around 13 hours. This burns me out and impacted my relationship with family and friends because I didn’t want to check my emails or check out my online network sites. This can sometime makes me feel like I am “working 80 hours a week". I get burnouts after the second or third semester hearing business terms all the time. I worry that the amount of time and energy I put into this, I will not get as much return because I am already at the highest grade in my position. For me to get a promotion, it would have to be in a different department.
    My dream was to become an occupational therapist; right now I just do not have the means or the ways to achieve that. If business was my passion then I would have a lot more desires and motivations and my list of cons would probably be a shorter list. This is not to say that I do not enjoy my job, I actually do love it but the field has its limits. I love to learn new things and reap any opportunities to gain more education. However, I do want to learn more about things like adventure, meeting new peoples, trying out new hobbies, take dance lesions and etc along with education. It is hard to do these things if one was working and in school all the time. If you are just starting from square one with school, it will take a few years to complete a degree unless you can find time to take more than 2 courses each semester/or quarter. If you can work part time, taking more than 2 courses is very doable.

    Just my 2 cents

  9. Broken Arrow Says:

    Thank you PW for your assessment. I'm in a similar situation as you, except for the fact that I've already gotten a BA, but in Criminology. Ooh, let me update that in the CON section.... Sigh.

  10. Phenomenal Woman Says:

    If you have already taken math like finite, bus calculus, statistic for Criminology, then you would not have to worry about those for the MBA.

  11. Broken Arrow Says:

    Well, it was many years ago though, so depending on the institution in question, they may or may not require me to go back to some undergrad class for some refreshers....

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