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Many-Perception-8285 OP t1_itzww78 wrote

Reply to comment by Linenoise77 in Anyone here have a MBA in business or finance from NJ schools that can tell me if its worth it? by Many-Perception-8285

thanks for this, my company will pay 10k per year but that is all so i am trying to use that to reduce overall cost. i will look into rutgers right now

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Linenoise77 t1_itzz4pp wrote

Good luck. Make sure you fully understand what you are signing up for if your company is shelling out cash.

Most of the time they are pretty reasonable with the agreement, even if you need to break it part of the way through. But i have seen some companies be tools about it or have insane requirements. for 10k they should really only be asking you to guarantee a year for every year they shell out at the most, and should be guaranteeing you a position and\or pay bump at some point as part of it.

Edit: last piece of advice, make sure you discuss this with your boss and their boss as well. Even if it isn't, you want to approach this and set it up in their mind as a mutual investment for you and the company. They may have some advice as to where they think your focus should be applied, what the path for you looks like as you progress and finally get it, etc.

You don't want to dump something on their desk to sign, and have them start thinking, "once this person has it and has met our requirements, they are going to bounce". That will hurt your career while you are taking it, and possibly cause them to hold you to the agreement that comes with your 10k as strictly as they can. Ideally you want to make it seem like your company was the one that helped you make up your mind to go for your MBA.

"Hey boss, i've been thinking.....if i went back for my MBA.....what do you think makes the most sense for me in terms of advancing here...what would YOU do if you were me...."

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SquirrelEnthusiast t1_iu007ds wrote

10k per year = about 3 classes. You may need to shell out some money for fees on top of that (my company paid for the class itself, but not additional fees related to the classes). And Linenoise is right, you should look into what they want in return. My company expects you to work for a specific amount of years after the completion of each class, or I have to pay them back. Pay real close attention to that fine print.

I went to Rutgers for my MBS, which is separate from an MBA, so I can't speak on the quality of Rutgers' program.

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Many-Perception-8285 OP t1_iu00xsi wrote

yeah they want 1 year per 10k given which im ok with but not sure they will offer a pay bump but can transfer to a better role within the company yet i wanna leave the place soon.

i dont mind shelling out 5k per year on top of the 10k given tho.

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Linenoise77 t1_iu04b12 wrote

This is why i would have that conversation with your boss first.

If you set it up as something where the company feels they are investing in you, you will more than likely get some leeway while going through the program, and perhaps can start making changes in what you are doing now as you progress.

Not only may that improve your work environment, but it can start allowing you to apply what you are learning and build your resume while you are going through the process.

If i'm the boss and i suspect you are getting it just so you can jump once done, i'm probably going to just let you wallow where you are during the process, and be a hard ass about it, because i don't want to become dependent on you knowing you will split as soon as you can.

And sure, its probably going to be obvious to everyone anyway and everyone is just going through the motions....but just going through the motions sometimes is what is expected.

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