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The Timing and Value of an MBA

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The Timing and Value of an MBA

Defining the Value of an MBA

  • Part of the consideration process is whether an MBA makes sense
  • Different individuals have different definitions of both return on education (ROE) and ROI (return on investment
  • Miebeth Bustillo-Booth (EMBA 2015) shares how the Foster EMBA fast tracks learning

 

 

I started thinking about getting an MBA about, I would say, informally, about a year ago and started looking at what my career projection would look like. About six months before the actual process started, I started talking to friends, colleagues, also mentors to talk about would an MBA actually make sense? I had to weigh the cost-benefit analysis of proceeding, since I'm already an experienced professional. So what would that actually do for me?

In order to do the cost-benefit analysis to see if it made sense for me, I had to do an accounting of what I already have and then look at what I believe the future of my profession would call for and then look at what I was missing. And when I talked with folks, they had different opinions about that. They had a great belief that I could do these things. I would not need an MBA.

And I really had to measure that with my own internal analysis. And what I found was that even though I was able to be effective in my field, there were certain parts where I felt like I needed to magnify my experience. And I need to do that with tools that, frankly, in a structured atmosphere like an MBA would offer me probably more efficiently than, say, if I'd relied on another five to 10 years to learn those things more structurally, so I thought that an MBA, personally for me, would be a more organized and efficient way to propel me forward much faster than if I would just do it on my own.

Next Video ROI aka ROE