Fast Track MBA Programs

On 12/10/2009, in Formal Education, by Jordan Wilson

In Law, MBA. Worth the Investment? we looked at the return on investing in a MBA or Law degree. The big cost of these degrees is the opportunity cost from lost compensation while you are attending school.

As you might expect with business schools, more MBA programs are accelerating their programs so that students can get back to work faster.

This Wall Street Journal article examines the one year MBA phenomenon.

It is well worth a read if you are thinking of pursuing an MBA.

I have two thoughts concerning MBAs. Not carved in stone; just based on what I have seen.

First, I think there is less value in an MBA if you already have a Bachelor of Commerce. This is because there is a lot of overlap between the two degrees. Especially true if you take an MBA from the same school as your Bachelor.

If you do want to obtain an MBA, try to specialize in one area. Consider schools that have strong reputations in your field of interest.

Second, I think there is more value in taking advanced degrees after you have some work experience. With some practical knowledge, the theoretical side tends to make more sense and is easier to apply.

That said, for some people, going back to school after too many years away can be a daunting process. Perhaps 5-7 years in the work force might be ideal.

Does that mean you should not enrol in an MBA at the same university after just receiving your Bachelor degree? Not at all. There are many other personal factors that go into your decision. Time, living at home, etc. may be the keys for you.

All I ask is that you consider the alternatives. Best of luck!

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1 Response » to “Fast Track MBA Programs”

  1. Anonymous says:

    If interested in pursuing advanced business education, it seems a person has a number of options: traditional 2-yr MBA, masters degree in a specific area (such as finance), executive MBA, online MBA, various certifications, etc. What are your thoughts on online MBA programs? Also, what are your thoughts on pursuing a certification such as a CFA, rather than an MBA?

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