Submitted by Many-Perception-8285 t3_yethav in newjersey
hello all.,
just turn 30 and feel behind, i make 65k and wanna go back for my MBA in business analytics with my current finance degree.
the schools i checked that are low cost for MBA online part time programs are
1/ willy P
MSU
st peters.
how important is the name brand MBA programs on resume affect your income? has anyone in NJ find it worth it?
That was my understanding, thank you. NJ does not have one of those T50 schools right? most rankings are at the south but than again im not sure how i can network if i am doing online part time
Rutgers MBA program is respectable, and has several well regarded MBA focuses. Also taps you into a large alumni network, people know the name, etc.
Stevens has one as well if you are looking for an IT focus.
That isn't to knock the quality of other schools, they may have great programs, but honestly when it comes to an MBA, the coursework is only like half of why you take one if your goal is career advancement.
But, again, if your company is saying, "hey we will help cover some of that, and guarantee you X upon completion" you may not care.
Depending on where you live, and your budget, you have several choices at "good mba's" in the city.
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
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...."
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.
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.
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.
I did half of my MBS online and it wasn't hard to network given the amount of resources, group projects, and events that the school attempted to give us. Its true that you won't get the same experience in person, but a good school will have mechanisms in place for you to have opportunities to network. It should be part of your requirements for a school should you decide to go.
yeah i want to and will look into that but are there any schools in NJ worth the MBA programs?
I doubt it will change the answer much, but when you say in NJ, where in NJ? Assumedly you will be doing SOME in person class work, so you don't want a school in south jersey if you live in Mahwah or the reverse.
clifton NJ i was hoping fully online
I honestly wouldn't do a fully online one. I'd try and find one that does at least some in person nights or weekend stuff, or work something out with your employer if you can where you can swing a class or two during the week. I know i sound like an old fogey, but its a lot easier to forge meaningful connections that way, and its kind of fun going back to school.
I'm sure lots of the fully online ones have regular in person events and the like where that can happen, but you would want to do some research as to what the uptake on those are. If its just a weekly happy hour or something that the same 2 people show up to each week, it isn't going to do much for you.
part time online will still offer you opportunities for networking.
Depending on the school, probably half, if not more of your class, will be taking it while working a 'real' job, and not in a dissimilar boat to you. Went to college, have worked for a bit, and are looking for ways to make their next move or doing professional development. You will still have class time, events, group projects, etc.
Based on my 25 years of business experience, an MBA is only "worth it" if you are applying for a job that specifically requires you to have an MBA. In other words, if you're just applying to some random job, an MBA is not necessarily going to give you an edge over someone that does not have an MBA. I sometimes give job interviews and in many cases we turned down people that had an MBA in favor of people without an MBA that had more favorable business experience.
I cannot answer your NJ-specific question, but in general you should go in with realistic expectations about the full-time vs part-time experience and what that means for your career.
At some schools it’s the full-time students who get recruited by companies. The part-timers are considered to be people getting the MBA to progress in their current company. And possibly already further along in their career (with larger salary expectations if they were going to make a move).
Company recruiters might get frustrated if they speak to a PT student who is already employed and rejects their job offer because they are already making $X. FT students might be more hungry for that job and thus easier to recruit.
What is your current job? I am a little concern that a finance major and your current salary are not consistent.
Why the MBA? Career advancement, money, self-satisfaction?
Do you have a plan on what you want to do and how to get there? I was always surprised my how many had no plan or strategy - they thought that if they had a MBA they would get a better job and better pay.
Does the plan include you staying or leaving your current company? Many did not know how to answer this question, if you are leaving why should we pay for your education. If you are staying, who have you talked to about potential roles and assignments in the company? How will it benefit the company?
I would simple say that you do not know if it is worth it until you have taken the journey - have a written plan and timeline with goals for what you want to achieve? and what is the initial job you want? The journey is not a straight-line but guided and directed by others.
i wanna stay online and stay put in NJ then after move outside of the state
i make 65k salary with 10k to 25k from a side business.
credit risk analyst
all three you mention.
i wanna break into tech with business analytics
I don’t know much about MBAs but I will tell you one thing, neither my wife or I have been asked what school we got our degrees in. I have a bachelors and she has a masters and it’s never mattered once. Only thing they care about is if you have a degree. Choose the cheapest and fastest route to get it if you really want/need a MBA.
MBA isn't really worth it in my experience working at several major banks with 15 years into financial services. Unless you can get an MBA from a big name school like Cornell or MIT it won't help all that much. Sure if there are two identical candidates, maybe but normally we go for the best match and the best experience.
Gotta hustle, find another job and jump to make that extra 30k and do it again to make another 30k and on and on.
this is what im thinking too, any tips on how to land a new job? i already did my resume and applied everywhere have a BS in finance too
are you getting interviews? if not your resume needs reviewed. If you are getting interviews and not closing, you'll want to re-assess your interviewing skills.
In general, be excited. Like you fucking love whatever it is this hiring manager is selling. like you can't wait to jump out of your seat to do whatever it is they do over there.
Having experience at a big bank helps. Hit up all your contacts, hit up all your contacts contacts. do a contract job if you need to. Go to a bank and work a few months on a contract role and now that you know their culture, etc you'll start to be able to speak like them .
if you're still having trouble, start getting certifications, CFA, PMP, Python, SQL.
Being able to network is nice, make some friends in the industry, call up friends of friends if you have to. Show up at networking events, schmooze, talk to people.
No need for MBA friend.
I’m 28 and make 115k a year working in supply chain for the largest cosmetic company in the world.
Learn excel and sharpen up on soft skills.
I may go back for a master’s degree just to brag about it to my siblings…nothing else.
I have an MBA from St Peter’s. The school is not accredited. The primary driver for me to obtain it was as an example to my children(did it later in life). I work for a public utility and make really good money, my bachelor’s degree was worth it as my company made it a prerequisite for many positions, Masters degrees are preferred but I feel it really didn’t set me apart from other job applicants. Previous posters mention pursuing additional certifications, this approach has really worked out for a lot of folks I know. That and absolutely carpet bombing companies you want to work for with resumes for any position you might be tangentially qualified for. Good luck
Linenoise77 t1_itztw1h wrote
The Name is what matters with an MBA, UNLESS your employer is helping pick up the dime, or is offering you something specific once you have it, where you can then put it to immediate use.
The biggest part of an MBA experience is the networking you will accomplish and exposure to how things are done outside your own little box.
Where you will get the most out of that is a good school, that people are fighting to get into or have progressed from undergrad to, so you can tap into their networks